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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,7304,3594,0854,1103,3353,0092,925
Cash and cash equivalents3,7304,3594,0854,1103,3353,0092,925
Receivables2,240(122)(120)(114)2,036  
Inventory, net of allowances, customer advances and progress billings1,9161,9881,9051,6941,6531,7151,757
Inventory1,9161,9881,9051,6941,6531,7151,757
Prepaid expense183   90  
Other current assets342   389  
Other undisclosed current assets 2,8082,6962,643 2,4862,536
Total current assets:8,4119,0338,5668,3337,5037,2107,218
Noncurrent Assets
Operating lease, right-of-use asset603578581    
Property, plant and equipment4,7224,4604,3824,3404,5124,4064,541
Intangible assets, net (including goodwill)4,8884,7724,7684,7204,5014,2124,302
Goodwill3,2173,0943,0522,9613,0302,8472,938
Intangible assets, net (excluding goodwill)1,6711,6781,7161,7591,4711,3651,364
Other noncurrent assets1,3951,2551,1681,1051,069882895
Other undisclosed noncurrent assets   577608589588
Total noncurrent assets:11,60811,06510,89910,74210,69010,08910,326
TOTAL ASSETS:20,01920,09819,46519,07518,19317,29917,544
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,9272,6952,5612,5002,6892,6092,593
Accounts payable1,043   892  
Employee-related liabilities415   456  
Taxes payable148   113  
Interest and dividends payable125   111  
Other undisclosed accounts payable and accrued liabilities1,1962,6952,5612,5001,1172,6092,593
Debt40672731953654124
Total current liabilities:3,3333,4222,8803,0363,2302,6112,597
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,786490488 4,809  
Finance lease, liability64      
Operating lease, liability501490488    
Other undisclosed long-term debt and lease obligation5,221   4,809  
Liabilities, other than long-term debt1,7201,8241,8821,8271,7941,5141,464
Liability for uncertainty in income taxes47   62  
Other liabilities1,6731,8241,8821,8271,7321,5141,464
Other undisclosed noncurrent liabilities4545,7606,0556,4824485,5575,647
Total noncurrent liabilities:7,9608,0748,4258,3097,0517,0717,111
Total liabilities:11,29311,49611,30511,34510,2819,6829,708
Stockholders' equity
Stockholders' equity attributable to parent8,6898,5678,1287,6997,8827,5887,812
Common stock683683683683683683683
Treasury stock, value(11,051)(10,571)(10,597)(10,677)(10,764)(10,582)(10,322)
Additional paid in capital6,0436,0095,9755,9355,9555,9265,906
Accumulated other comprehensive loss(3,314)(3,839)(3,988)(4,177)(3,710)(4,288)(4,639)
Retained earnings16,32816,28516,05515,93515,71815,84916,184
Stockholders' equity attributable to noncontrolling interest37353231302924
Total stockholders' equity:8,7268,6028,1607,7307,9127,6177,836
TOTAL LIABILITIES AND EQUITY:20,01920,09819,46519,07518,19317,29917,544

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues3,1812,9722,7182,8023,0762,8512,840
Cost of revenue
(Cost of Goods and Services Sold)
(1,990)(1,777)(1,680)(1,639)(1,904)(1,621)(1,681)
Gross profit:1,1911,1951,0381,1631,1721,2301,159
Operating expenses(785)(724)(707)(774)(662)(771)(808)
Other operating income (expense), net (1) 20 44 
Other undisclosed operating income    61 4
Operating income:406470331409571503355
Nonoperating income (expense)(174)(13)(2)(1)(808)636
Investment income, nonoperating(16)3494158
Other nonoperating income (expense)(158)(16)(6)(10)(812)(9)28
Interest and debt expense(41)(42)(40)(30)(41)(28)(28)
Income (loss) from continuing operations before equity method investments, income taxes:191415289378(278)481363
Other undisclosed income from continuing operations before income taxes19      
Income (loss) from continuing operations before income taxes:210415289378(278)481363
Income tax expense (benefit)(39)(56)(42)(45)13(106)(20)
Net income (loss):171359247333(265)375343
Net loss attributable to noncontrolling interest(3)(3)(1)(1) (6) 
Other undisclosed net loss attributable to parent    (10)  
Net income (loss) available to common stockholders, diluted:168356246332(275)369343

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):171359247333(265)375343
Other comprehensive income (loss)525149189(467)509(202)(77)
Comprehensive income (loss):696508436(134)244173266
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(3)(1)(1) (6) 
Other undisclosed comprehensive loss, net of tax, attributable to parent    (10)  
Comprehensive income (loss), net of tax, attributable to parent:693505435(135)234167266

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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