Baxter International Inc. (BAX) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9513,7303,3351,8323,3942,8017,361
Cash and cash equivalents2,9513,7303,3351,8323,3942,8012,213
Short-term investments      5,148
Receivables2,8282,2402,0362014(13)8
Inventory, net of allowances, customer advances and progress billings2,4531,9161,6531,6531,4751,4301,604
Inventory2,4531,9161,6531,6531,4751,4301,604
Prepaid expense166183907999147302
Contract with customer, asset84   
Disposal group, including discontinued operation     50245
Other current assets390342389413368341435
Other undisclosed current assets   1,9221,9131,8181,841
Total current assets:8,8728,4117,5035,9197,2636,57411,796
Noncurrent Assets
Operating lease, right-of-use asset630603 
Property, plant and equipment 4,7224,5124,5424,5884,2894,386
Intangible assets, net (including goodwill)17,6284,8884,5014,3564,4733,7064,036
Goodwill9,8363,2173,0302,9583,0992,5952,687
Intangible assets, net (excluding goodwill)7,7921,6711,4711,3981,3741,1111,349
Other noncurrent assets1,2131,3951,069824787977757
Other undisclosed noncurrent assets5,178 608    
Total noncurrent assets:24,64911,60810,6909,7229,8488,9729,179
TOTAL ASSETS:33,52120,01918,19315,64117,11115,54620,975
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4792,9272,6892,7282,7332,6122,666
Accounts payable 1,0438921,004920791716
Employee-related liabilities608415456485548542481
Taxes payable17414811310485126619
Interest and dividends payable1401251111018770137
Other undisclosed accounts payable and accrued liabilities1,5571,1961,1171,0341,0931,083713
Debt5114065414332,585
Disposal group, including discontinued operation     346
Other undisclosed current liabilities1,246  10485126453
Total current liabilities:4,2363,3333,2302,8362,8212,7445,750
Noncurrent Liabilities
Long-term debt and lease obligation, including:17,1495,7864,8093,4733,5092,7793,935
Finance lease, liability6864 
Operating lease, liability522501 
Other undisclosed long-term debt and lease obligation16,5595,2214,8093,4733,5092,7793,935
Liabilities, other than long-term debt2,6221,7201,7941,5161,6651,7432,425
Accounts payable and accrued liabilities90      
Liability for uncertainty in income taxes394762    
Other liabilities2,4931,6731,7321,5161,6651,7432,425
Other undisclosed noncurrent liabilities393454448    
Total noncurrent liabilities:20,1647,9607,0514,9895,1744,5226,360
Total liabilities:24,40011,29310,2817,8257,9957,26612,110
Stockholders' equity
Stockholders' equity attributable to parent9,0778,6897,8827,7949,1248,2908,846
Common stock683683683683683683683
Treasury stock, value(11,488)(11,051)(10,764)(9,989)(7,981)(7,995)(7,646)
Additional paid in capital6,1976,0435,9555,8985,9405,9585,902
Accumulated other comprehensive income (loss)(3,380)(3,314)(3,710)(4,424)(4,001)(4,556)224
Retained earnings17,06516,32815,71815,62614,48314,2009,683
Stockholders' equity attributable to noncontrolling interest44373022(8)(10)19
Total stockholders' equity:9,1218,7267,9127,8169,1168,2808,865
TOTAL LIABILITIES AND EQUITY:33,52120,01918,19315,64117,11115,54620,975

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,78411,67311,36211,12710,56110,1639,968
Revenue, net10,56110,1639,968
Cost of revenue
(Cost of Goods and Services Sold)
(7,679)(7,086)(6,601)(6,346)(6,099)(6,053)(5,822)
Gross profit:5,1054,5874,7614,7814,4624,1104,146
Operating expenses(3,401)(2,990)(3,130)(3,272)(3,204)(3,386)(3,697)
Other operating income, net619141    
Other undisclosed operating income   90   
Operating income:1,7101,6161,7721,5991,258724449
Nonoperating income (expense)(27)(190)(691)187444,353322
Investment income, nonoperating14 4048302320
Foreign currency transaction gain, before tax     34197
Other nonoperating income (expense)(41)(190)(731)139144,296105
Interest and debt expense(206)(153)(111)(93)(85)(89)(146)
Income from continuing operations before equity method investments, income taxes:1,4771,2739701,6931,2174,988625
Other undisclosed income (loss) from continuing operations before income taxes 19   (34)(197)
Income from continuing operations before income taxes:1,4771,2929701,6931,2174,954428
Income tax expense (benefit)(182)(182)41(63)(493)12(35)
Income from continuing operations:1,2951,1101,0111,6307244,966393
Income (loss) from discontinued operations   (6)(7)(1)575
Net income:1,2951,1101,0111,6247174,965968
Net loss attributable to noncontrolling interest(11)(8)(10)    
Net income available to common stockholders, diluted:1,2841,1021,0011,6247174,965968

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,2951,1101,0111,6247174,965968
Other comprehensive income (loss)(66)396274(420)555(4,780)3,524
Comprehensive income:1,2291,5061,2851,2041,2721854,492
Comprehensive loss, net of tax, attributable to noncontrolling interest(11)(8)(10)    
Comprehensive income, net of tax, attributable to parent:1,2181,4981,2751,2041,2721854,492

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: