Baxter International Inc. (BAX) Financial Statements (2026 and earlier)

Company Profile

Business Address ONE BAXTER PARKWAY
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

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7643,1941,7182,9513,7303,335
Cash and cash equivalent1,7643,1941,7182,9513,7303,335
Short-term investments      
Net investment in lease, before allowance for credit loss15     
Receivables1,8462,8802,8482,8282,2402,036
Inventory, net of allowances, customer advances and progress billings2,0462,8242,7182,4531,9161,653
Inventory2,0462,8242,7182,4531,9161,653
Prepaid expense19921118516618390
Contract with customer, asset, after allowance for credit loss51539384  
Derivative instruments and hedges, assets 851    
Disposal group, including discontinued operation 2,611     
Asset, held-for-sale, not part of disposal group   50   
Other current assets205387399390342389
Other undisclosed current assets108     
Total current assets:8,8539,6008,0118,8728,4117,503
Noncurrent Assets
Operating lease, right-of-use asset306524550630603 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization2,8704,433  4,7224,512
Intangible asset, including goodwill, after accumulated amortization10,49812,59313,63617,6284,8884,501
Goodwill5,2756,5146,8439,8363,2173,030
Intangible asset, excluding goodwill, after accumulated amortization5,2236,0796,7937,7921,6711,471
Disposal group, including discontinued operation, noncurrent assets 2,500     
Other noncurrent assets7551,1261,1111,2131,3951,069
Other undisclosed noncurrent assets   4,9795,178 608
Total noncurrent assets:16,92918,67620,27624,64911,60810,690
TOTAL ASSETS:25,78228,27628,28733,52120,01918,193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8612,5942,2022,4792,9272,689
Interest and dividends payable✕✕✕✕140125111
Taxes payable✕✕✕✕174148113
Employee-related liabilities✕✕✕✕608415456
Accounts payable9681,2411,139 1,043892
Accrued liabilities1,8612,5942,202   
Other undisclosed accounts payable and accrued liabilities(968)(1,241)(1,139)1,5571,1961,117
Debt2,7522,6681,404511406541
Liability for uncertainty in income taxes      
Disposal group, including discontinued operation 930     
Other undisclosed current liabilities9681,2411,1391,246  
Total current liabilities:6,5116,5034,7454,2363,3333,230
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,37411,1306217,1495,7864,809
Finance lease, liability1966626864 
Other undisclosed long-term debt and lease obligation 10,35511,064 16,5595,2214,809
Liabilities, other than long-term debt1,8732,1752,4152,6221,7201,794
Accounts payable and accrued liabilities    90  
Liability for uncertainty in income taxes    394762
Disposal group, including discontinued operation, liabilities 554     
Other liabilities1,0761,7371,9592,4931,6731,732
Operating lease, liability243438456522501 
Other undisclosed noncurrent liabilities  15,170393454448
Total noncurrent liabilities:12,24713,30517,64720,1647,9607,051
Total liabilities:18,75819,80822,39224,40011,29310,281
Equity
Equity, attributable to parent6,9648,4025,8339,0778,6897,882
Common stock683683683683683683
Treasury stock, value(11,059)(11,230)(11,389)(11,488)(11,051)(10,764)
Additional paid in capital6,4216,3896,3226,1976,0435,955
Accumulated other comprehensive loss(4,010)(3,554)(3,833)(3,380)(3,314)(3,710)
Retained earnings14,92916,11414,05017,06516,32815,718
Equity, attributable to noncontrolling interest606662443730
Total equity:7,0248,4685,8959,1218,7267,912
TOTAL LIABILITIES AND EQUITY:25,78228,27628,28733,52120,01918,193

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

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues10,63614,81315,11312,78411,67311,362
Cost of revenue
(Cost of Product and Service Sold)		(6,652)(9,838)(9,716)(7,679)(7,086)(6,601)
Gross profit:3,9844,9755,3975,1054,5874,761
Operating expenses(3,982)(4,613)(7,304)(3,401)(2,990)(3,130)
Other operating income (expense), net1228(36)619141
Operating income (loss):14390(1,943)1,7101,6161,772
Nonoperating income (expense)38195(27)(190)(691)
Investment income, nonoperating  702014 40
Other nonoperating income (expense)38(51)(15)(41)(190)(731)
Interest and debt expense(1)(512)(415)(206)(153)(111)
Income (loss) from continuing operations before equity method investments, income taxes:51(103)(2,353)1,4771,273970
Other undisclosed income (loss) from continuing operations before income taxes(340)   19 
Income (loss) from continuing operations before income taxes:(289)(103)(2,353)1,4771,292970
Income tax expense (benefit)(37)34(68)(182)(182)41
Income (loss) from continuing operations:(326)(69)(2,421)1,2951,1101,011
Income before gain (loss) on sale of properties:✕✕✕✕1,2951,1101,011
Income (loss) from discontinued operations(312)2,732    
Net income (loss):(638)2,663(2,421)1,2951,1101,011
Net loss attributable to noncontrolling interest (11)(7)(12)(11)(8)(10)
Net income (loss) available to common stockholders, diluted:(649)2,656(2,433)1,2841,1021,001

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(638)2,663(2,421)1,2951,1101,011
Other comprehensive income (loss)(472)276(458)(66)396274
Other undisclosed comprehensive income      
Comprehensive income (loss):(1,110)2,939(2,879)1,2291,5061,285
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 5(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:(1,105)2,935(2,881)1,2181,4981,275

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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