Baxter International Inc. (BAX) financial statements (2021 and earlier)

Company profile

Business Address ONE BAXTER PKWY
DEERFIELD, IL 60015
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,7303,3351,8323,3942,8017,3612,925
Cash and cash equivalents3,7303,3351,8323,3942,8012,2132,925
Short-term investments     5,148 
Receivables2,2402,0362014(13)8(139)
Inventory, net of allowances, customer advances and progress billings1,9161,6531,6531,4751,4301,6043,559
Inventory1,9161,6531,6531,4751,4301,6043,559
Prepaid expense183907999147302 
Disposal group, including discontinued operation    50245 
Deferred tax assets    501
Other current assets342389413368341435 
Other undisclosed current assets  1,9221,9131,8181,8413,505
Total current assets:8,4117,5035,9197,2636,57411,79610,351
Noncurrent Assets
Operating lease, right-of-use asset603 
Property, plant and equipment4,7224,5124,5424,5884,2894,3868,698
Intangible assets, net (including goodwill)4,8884,5014,3564,4733,7064,0365,953
Goodwill3,2173,0302,9583,0992,5952,6873,874
Intangible assets, net (excluding goodwill)1,6711,4711,3981,3741,1111,3492,079
Other noncurrent assets1,3951,069824787977757915
Other undisclosed noncurrent assets 608     
Total noncurrent assets:11,60810,6909,7229,8488,9729,17915,566
TOTAL ASSETS:20,01918,19315,64117,11115,54620,97525,917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,9272,6892,7282,7332,6122,6664,343
Accounts payable1,0438921,0049207917161,264
Employee-related liabilities415456485548542481716
Taxes payable14811310485126619597
Interest and dividends payable1251111018770137282
Other undisclosed accounts payable and accrued liabilities1,1961,1171,0341,0931,0837131,484
Debt4065414332,5851,699
Restructuring reserve      118
Disposal group, including discontinued operation    346 
Deferred tax liabilities    9
Other undisclosed current liabilities  10485126453(127)
Total current liabilities:3,3333,2302,8362,8212,7445,7506,042
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,7864,8093,4733,5092,7793,9357,606
Finance lease, liability64 
Operating lease, liability501 
Other undisclosed long-term debt and lease obligation5,2214,8093,4733,5092,7793,9357,606
Liabilities, other than long-term debt1,7201,7941,5161,6651,7432,4256,965
Liability for uncertainty in income taxes4762     
Liability, pension and other postretirement and postemployment benefits      2,748
Estimated litigation liability      53
Restructuring reserve      51
Other liabilities1,6731,7321,5161,6651,7432,4254,113
Other undisclosed noncurrent liabilities454448    (2,852)
Total noncurrent liabilities:7,9607,0514,9895,1744,5226,36011,719
Total liabilities:11,29310,2817,8257,9957,26612,11017,761
Stockholders' equity
Stockholders' equity attributable to parent8,6897,8827,7949,1248,2908,8468,120
Common stock683683683683683683683
Treasury stock, value(11,051)(10,764)(9,989)(7,981)(7,995)(7,646)(7,993)
Additional paid in capital6,0435,9555,8985,9405,9585,9025,853
Accumulated other comprehensive income (loss)(3,314)(3,710)(4,424)(4,001)(4,556)224(3,650)
Retained earnings16,32815,71815,62614,48314,2009,68313,227
Stockholders' equity attributable to noncontrolling interest373022(8)(10)1936
Total stockholders' equity:8,7267,9127,8169,1168,2808,8658,156
TOTAL LIABILITIES AND EQUITY:20,01918,19315,64117,11115,54620,97525,917

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,67311,36211,12710,56110,1639,96816,671
Revenue, net10,56110,1639,96816,671
Cost of revenue
(Cost of Goods and Services Sold)
(7,086)(6,601)(6,346)(6,099)(6,053)(5,822)(8,514)
Gross profit:4,5874,7614,7814,4624,1104,1468,157
Operating expenses(2,990)(3,130)(3,272)(3,204)(3,386)(3,697)(6,492)
Other operating income, net19141     
Other undisclosed operating income  90    
Operating income:1,6161,7721,5991,2587244491,665
Nonoperating income (expense)(190)(691)187444,353322(17)
Investment income, nonoperating 4048302320106
Foreign currency transaction gain, before tax    34197 
Other nonoperating income (expense)(190)(731)139144,296105(123)
Interest and debt expense(153)(111)(93)(85)(89)(146)(167)
Other undisclosed income from continuing operations before equity method investments, income taxes      958
Income from continuing operations before equity method investments, income taxes:1,2739701,6931,2174,9886252,439
Other undisclosed income (loss) from continuing operations before income taxes19   (34)(197) 
Income from continuing operations before income taxes:1,2929701,6931,2174,9544282,439
Income tax expense (benefit)(182)41(63)(493)12(35)(493)
Income from continuing operations:1,1101,0111,6307244,9663931,946
Income (loss) from discontinued operations  (6)(7)(1)575551
Net income:1,1101,0111,6247174,9659682,497
Net loss attributable to noncontrolling interest(8)(10)     
Net income available to common stockholders, diluted:1,1021,0011,6247174,9659682,497

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,1101,0111,6247174,9659682,497
Other comprehensive income (loss)396274(420)555(4,780)3,524(1,674)
Comprehensive income:1,5061,2851,2041,2721854,492823
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(10)     
Comprehensive income, net of tax, attributable to parent:1,4981,2751,2041,2721854,492823

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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