Danaher Corp Q2 2024 10-Q Filed

TL;DR

DHR 10-Q filed: Q2 2024 financials out, shows debt due up to 2049.

AI Summary

Danaher Corporation (DHR) filed its 10-Q for the period ending June 28, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial instruments and debt obligations, including various senior notes due between 2026 and 2049, are listed.

Why It Matters

This filing provides investors with the latest financial snapshot of Danaher Corporation, crucial for understanding its performance and debt structure.

Risk Assessment

Risk Level: medium — The filing details significant debt obligations, which can introduce financial risk.

Key Numbers

• 2026-2049 — Senior Notes Due Dates (Indicates long-term debt maturity profile)

Key Players & Entities

• Danaher Corporation (company) — Filer of the 10-Q
• 20240628 (date) — End of reporting period
• 20240723 (date) — Filing date
• 0000313616 (company) — Central Index Key for Danaher Corp

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value DHR New York Stock Exchange

Filing Documents

• dhr-20240628.htm (10-Q) — 1504KB
• dhr-20240628xexx221.htm (EX-22.1) — 7KB
• dhr-20240628xexx311.htm (EX-31.1) — 10KB
• dhr-20240628xexx312.htm (EX-31.2) — 10KB
• dhr-20240628xexx321.htm (EX-32.1) — 5KB
• dhr-20240628xexx322.htm (EX-32.2) — 5KB
• dhr-20240628_g1.jpg (GRAPHIC) — 12KB
• 0000313616-24-000186.txt ( ) — 8518KB
• dhr-20240628.xsd (EX-101.SCH) — 43KB
• dhr-20240628_cal.xml (EX-101.CAL) — 78KB
• dhr-20240628_def.xml (EX-101.DEF) — 227KB
• dhr-20240628_lab.xml (EX-101.LAB) — 615KB
• dhr-20240628_pre.xml (EX-101.PRE) — 428KB
• dhr-20240628_htm.xml (XML) — 1658KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Consolidated Condensed Balance Sheets 1 Consolidated Condensed Statements of Earnings 2 Consolidated Condensed Statements of Comprehensive Income 3 Consolidated Condensed Statements of Stockholders' Equity 4 Consolidated Condensed Statements of Cash Flows 5 Notes to Consolidated Condensed Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 37 Item 4.

Controls and Procedures

Controls and Procedures 37

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 5. Other Information 38 Item 6. Exhibits 39

Signatures

Signatures 40 Table of Contents DANAHER CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS ($ in millions, except per share amount) (unaudited) June 28, 2024 December 31, 2023 ASSETS Current assets: Cash and equivalents $ 2,374 $ 5,864 Trade accounts receivable, less allowance for doubtful accounts of $ 132 and $ 120 , respectively 3,298 3,922 Inventories: Finished goods 1,352 1,282 Work in process 491 459 Raw materials 828 853 Total inventories 2,671 2,594 Prepaid expenses and other current assets 1,266 1,557 Total current assets 9,609 13,937 Property, plant and equipment, net of accumulated depreciation of $ 4,050 and $ 3,826 , respectively 4,643 4,553 Other long-term assets 3,953 3,644 Goodwill 40,805 41,608 Other intangible assets, net 19,545 20,746 Total assets $ 78,555 $ 84,488 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and current portion of long-term debt $ 701 $ 1,695 Trade accounts payable 1,645 1,766 Accrued expenses and other liabilities 4,355 4,813 Total current liabilities 6,701 8,274 Other long-term liabilities 5,643 6,017 Long-term debt 16,309 16,707 Stockholders' equity: Common stock - $ 0.01 par value, 2.0 billion shares authorized; 883.2 million issued and 724.0 million outstanding as of June 28, 2024; 880.5 million issued and 739.2 million outstanding as of December 31, 2023 9 9 Additional paid-in capital 9,806 14,151 Retained earnings 42,673 41,074 Accumulated other comprehensive income (loss) ( 2,591 ) ( 1,748 ) Total Danaher stockholders' equity 49,897 53,486 Noncontrolling interests 5 4 Total stockholders' equity 49,902 53,490 Total liabilities and stockholders' equity $ 78,555 $ 84,488 See the accompanying Notes to the Consolidated Condensed Financial Statements. 1 Table of Contents DANAHER CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS ($ and shares in millions, except per share amounts) (unaudited) Three-Month

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View this 10-Q filing on SEC EDGAR