Baxter International Inc. (BAX) Financial Statements (2025 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1941,7182,9513,7303,3351,832
Cash and cash equivalent3,1941,7182,9513,7303,3351,832
Net investment in lease, before allowance for credit loss     ✕
Receivables2,8802,8482,8282,2402,03620
Inventory, net of allowances, customer advances and progress billings2,8242,7182,4531,9161,6531,653
Inventory2,8242,7182,4531,9161,6531,653
Prepaid expense2111851661839079
Contract with customer, asset, after allowance for credit loss539384   
Derivative instruments and hedges, assets51     
Disposal group, including discontinued operation      
Asset, held-for-sale, not part of disposal group  50    
Other current assets387399390342389413
Other undisclosed current assets     1,922
Total current assets:9,6008,0118,8728,4117,5035,919
Noncurrent Assets
Operating lease, right-of-use asset524550630603 ✕
Property, plant and equipment4,433  4,7224,5124,542
Intangible assets, net (including goodwill)12,59313,63617,6284,8884,5014,356
Goodwill6,5146,8439,8363,2173,0302,958
Intangible assets, net (excluding goodwill)6,0796,7937,7921,6711,4711,398
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets1,1261,1111,2131,3951,069824
Other undisclosed noncurrent assets  4,9795,178 608 
Total noncurrent assets:18,67620,27624,64911,60810,6909,722
TOTAL ASSETS:28,27628,28733,52120,01918,19315,641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,5942,2022,4792,9272,6892,728
Interest and dividends payable✕✕✕140125111101
Taxes payable✕✕✕174148113104
Employee-related liabilities✕✕✕608415456485
Accounts payable1,2411,139 1,0438921,004
Accrued liabilities2,5942,202    
Other undisclosed accounts payable and accrued liabilities(1,241)(1,139)1,5571,1961,1171,034
Debt2,6681,4045114065414
Disposal group, including discontinued operation      
Other undisclosed current liabilities1,2411,1391,246  104
Total current liabilities:6,5034,7454,2363,3333,2302,836
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,1306217,1495,7864,8093,473
Finance lease, liability66626864 ✕
Other undisclosed long-term debt and lease obligation11,064 16,5595,2214,8093,473
Liabilities, other than long-term debt2,1752,4152,6221,7201,7941,516
Accounts payable and accrued liabilities   90   
Liability for uncertainty in income taxes   394762 
Disposal group, including discontinued operation, liabilities      
Other liabilities1,7371,9592,4931,6731,7321,516
Operating lease, liability438456522501 ✕
Other undisclosed noncurrent liabilities  15,170393454448 
Total noncurrent liabilities:13,30517,64720,1647,9607,0514,989
Total liabilities:19,80822,39224,40011,29310,2817,825
Equity
Equity, attributable to parent8,4025,8339,0778,6897,8827,794
Common stock683683683683683683
Treasury stock, value(11,230)(11,389)(11,488)(11,051)(10,764)(9,989)
Additional paid in capital6,3896,3226,1976,0435,9555,898
Accumulated other comprehensive loss(3,554)(3,833)(3,380)(3,314)(3,710)(4,424)
Retained earnings16,11414,05017,06516,32815,71815,626
Equity, attributable to noncontrolling interest666244373022
Total equity:8,4685,8959,1218,7267,9127,816
TOTAL LIABILITIES AND EQUITY:28,27628,28733,52120,01918,19315,641

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues14,81315,11312,78411,67311,36211,127
Cost of revenue
(Cost of Product and Service Sold)		(9,838)(9,716)(7,679)(7,086)(6,601)(6,346)
Gross profit:4,9755,3975,1054,5874,7614,781
Operating expenses(4,613)(7,304)(3,401)(2,990)(3,130)(3,272)
Other operating income (expense), net28(36)619141 
Other undisclosed operating income      90
Operating income (loss):390(1,943)1,7101,6161,7721,599
Nonoperating income (expense)195(27)(190)(691)187
Investment income, nonoperating 702014 4048
Other nonoperating income (expense)(51)(15)(41)(190)(731)139
Interest and debt expense(512)(415)(206)(153)(111)(93)
Income (loss) from continuing operations before equity method investments, income taxes:(103)(2,353)1,4771,2739701,693
Other undisclosed income (loss) from continuing operations before income taxes   19  
Income (loss) from continuing operations before income taxes:(103)(2,353)1,4771,2929701,693
Income tax expense (benefit)34(68)(182)(182)41(63)
Income (loss) from continuing operations:(69)(2,421)1,2951,1101,0111,630
Income before gain (loss) on sale of properties:✕✕✕1,2951,1101,0111,624
Income (loss) from discontinued operations2,732    (6)
Net income (loss):2,663(2,421)1,2951,1101,0111,624
Net loss attributable to noncontrolling interest(7)(12)(11)(8)(10) 
Net income (loss) available to common stockholders, diluted:2,656(2,433)1,2841,1021,0011,624

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):2,663(2,421)1,2951,1101,0111,624
Other comprehensive income (loss)276(458)(66)396274(420)
Comprehensive income (loss):2,939(2,879)1,2291,5061,2851,204
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(7)(11)(8)(10) 
Other undisclosed comprehensive income, net of tax, attributable to parent  5    
Comprehensive income (loss), net of tax, attributable to parent:2,935(2,881)1,2181,4981,2751,204

Statements Sources

The financial statements are based on the Company's filings with 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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