Danaher Corp Q3 2024 10-Q Filed

TL;DR

Danaher's Q3 10-Q is in, showing debt maturity dates out to 2049. All good.

AI Summary

Danaher Corporation filed its 10-Q for the period ending September 27, 2024, reporting on its financial performance. The company's fiscal year ends on December 31st. Key financial instruments mentioned include various senior notes due in 2026, 2027, 2028, 2030, 2031, 2039, and 2049.

Why It Matters

This filing provides investors with an update on Danaher's financial health and debt structure as of the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Numbers

• 2026 — Senior Notes Maturity (Multiple senior notes are due in 2026.)
• 2049 — Senior Notes Maturity (The longest-dated senior notes mentioned mature in 2049.)

Key Players & Entities

• DANAHER CORP /DE/ (company) — Filer
• 20240927 (date) — Period of Report
• 20241022 (date) — Filing Date
• 2024-01-01 (date) — Fiscal Year Start
• 2024-09-27 (date) — Fiscal Quarter End

FAQ

Key Financial Figures

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

Filing Documents

• dhr-20240927.htm (10-Q) — 1529KB
• dhr-20240927xexx221.htm (EX-22.1) — 7KB
• dhr-20240927xexx311.htm (EX-31.1) — 10KB
• dhr-20240927xexx312.htm (EX-31.2) — 10KB
• dhr-20240927xexx321.htm (EX-32.1) — 5KB
• dhr-20240927xexx322.htm (EX-32.2) — 5KB
• dhr-20240927_g1.jpg (GRAPHIC) — 12KB
• 0000313616-24-000220.txt ( ) — 8825KB
• dhr-20240927.xsd (EX-101.SCH) — 45KB
• dhr-20240927_cal.xml (EX-101.CAL) — 84KB
• dhr-20240927_def.xml (EX-101.DEF) — 248KB
• dhr-20240927_lab.xml (EX-101.LAB) — 648KB
• dhr-20240927_pre.xml (EX-101.PRE) — 451KB
• dhr-20240927_htm.xml (XML) — 1689KB

- 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 38 Item 4.

Controls and Procedures

Controls and Procedures 38

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 39 Item 1A.

Risk Factors

Risk Factors 39 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 5. Other Information 39 Item 6. Exhibits 40

Signatures

Signatures 41 Table of Contents DANAHER CORPORATION AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS ($ in millions, except per share amount) (unaudited) September 27, 2024 December 31, 2023 ASSETS Current assets: Cash and equivalents $ 2,627 $ 5,864 Trade accounts receivable, less allowance for doubtful accounts of $ 135 and $ 120 , respectively 3,507 3,922 Inventories: Finished goods 1,353 1,282 Work in process 498 459 Raw materials 827 853 Total inventories 2,678 2,594 Prepaid expenses and other current assets 1,248 1,557 Total current assets 10,060 13,937 Property, plant and equipment, net of accumulated depreciation of $ 4,202 and $ 3,826 , respectively 4,843 4,553 Other long-term assets 3,685 3,644 Goodwill 42,173 41,608 Other intangible assets, net 19,854 20,746 Total assets $ 80,615 $ 84,488 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and current portion of long-term debt $ 1,200 $ 1,695 Trade accounts payable 1,596 1,766 Accrued expenses and other liabilities 4,543 4,813 Total current liabilities 7,339 8,274 Other long-term liabilities 5,647 6,017 Long-term debt 16,324 16,707 Stockholders' equity: Common stock - $ 0.01 par value, 2.0 billion shares authorized; 883.9 million issued and 722.2 million outstanding as of September 27, 2024; 880.5 million issued and 739.2 million outstanding as of December 31, 2023 9 9 Additional paid-in capital 9,304 14,151 Retained earnings 43,296 41,074 Accumulated other comprehensive income (loss) ( 1,310 ) ( 1,748 ) Total Danaher stockholders' equity 51,299 53,486 Noncontrolling interests 6 4 Total stockholders' equity 51,305 53,490 Total liabilities and stockholders' equity $ 80,615 $ 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)

View Full Filing

View this 10-Q filing on SEC EDGAR