Baxter International Inc. (BAX) financial statements (2020 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3353,0092,9251,9081,8322,8662,870
Cash and cash equivalents3,3353,0092,9251,9081,8322,8602,857
Short-term investments     613
Receivables2,036   20  
Inventory, net of allowances, customer advances and progress billings1,6531,7151,7571,7511,6531,7181,622
Inventory1,6531,7151,7571,7511,6531,7181,622
Prepaid expense90   79  
Other current assets389   413  
Other undisclosed current assets 2,4862,5362,4281,9222,4442,398
Total current assets:7,5037,2107,2186,0875,9197,0286,890
Noncurrent Assets
Property, plant and equipment4,5124,4064,5414,5394,5424,5204,531
Intangible assets, net (including goodwill)4,5014,2124,3024,3714,3564,3824,411
Goodwill3,0302,8472,9382,9302,9582,9802,984
Intangible assets, net (excluding goodwill)1,4711,3651,3641,4411,3981,4021,427
Other noncurrent assets1,069882895836824917746
Other undisclosed noncurrent assets608589588517   
Total noncurrent assets:10,69010,08910,32610,2639,7229,8199,688
TOTAL ASSETS:18,19317,29917,54416,35015,64116,84716,578
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6892,6092,5932,5292,7282,5922,524
Accounts payable892   1,004  
Employee-related liabilities456   485  
Taxes payable113   104109102
Interest and dividends payable111   101  
Other undisclosed accounts payable and accrued liabilities1,1172,6092,5932,5291,0342,4832,422
Debt54124796433
Other undisclosed current liabilities   2104109102
Total current liabilities:3,2302,6112,5973,3272,8362,7042,629
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,809   3,4733,4853,495
Other undisclosed long-term debt and lease obligation4,809   3,4733,4853,495
Liabilities, other than long-term debt1,7941,5141,4641,4831,5161,5451,585
Liability for uncertainty in income taxes62      
Other liabilities1,7321,5141,4641,4831,5161,5451,585
Other undisclosed noncurrent liabilities4485,5575,6473,871   
Total noncurrent liabilities:7,0517,0717,1115,3544,9895,0305,080
Total liabilities:10,2819,6829,7088,6817,8257,7347,709
Stockholders' equity
Stockholders' equity attributable to parent7,8827,5887,8127,6467,7949,1308,881
Common stock683683683683683683683
Treasury stock, value(10,764)(10,582)(10,322)(10,284)(9,989)(8,639)(8,485)
Additional paid in capital5,9555,9265,9065,8395,8985,9315,916
Accumulated other comprehensive loss(3,710)(4,288)(4,639)(4,562)(4,424)(4,239)(4,199)
Retained earnings15,71815,84916,18415,97015,62615,39414,966
Stockholders' equity attributable to noncontrolling interest3029242322(17)(12)
Total stockholders' equity:7,9127,6177,8367,6697,8169,1138,869
TOTAL LIABILITIES AND EQUITY:18,19317,29917,54416,35015,64116,84716,578

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues3,0762,8512,8402,6322,8412,7672,842
Cost of revenue
(Cost of Goods and Services Sold)
(1,904)(1,621)(1,681)(1,552)(1,649)(1,531)(1,603)
Gross profit:1,1721,2301,1591,0801,1921,2361,239
Operating expenses(662)(771)(808)(729)(804)(851)(855)
Other operating income, net 44     
Other undisclosed operating income61 43310  
Operating income:571503355384398385384
Nonoperating income (expense)(808)63632704544
Investment income, nonoperating41587121313
Other nonoperating income (expense)(812)(9)2825583231
Interest and debt expense(41)(28)(28)(25)(23)(24)(24)
Income (loss) from continuing operations before income taxes:(278)481363391445406404
Income tax expense (benefit)13(106)(20)(44)(91)138(61)
Income (loss) from continuing operations:(265)375343347354544343
Other undisclosed loss before gain (loss) on sale of properties    (6)  
Net income (loss):(265)375343347348544343
Net loss attributable to noncontrolling interest (6)     
Other undisclosed net loss attributable to parent(10)      
Net income (loss) available to common stockholders, diluted:(275)369343347348544343

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(265)375343347348544343
Other comprehensive income (loss)509(202)(77)23(185)(40)(323)
Comprehensive income:24417326637016350420
Comprehensive loss, net of tax, attributable to noncontrolling interest (6)     
Other undisclosed comprehensive loss, net of tax, attributable to parent(10)      
Comprehensive income, net of tax, attributable to parent:23416726637016350420

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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