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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3351,8323,3942,8017,3612,9252,733
Cash and cash equivalents3,3351,8323,3942,8012,2132,9252,733
Short-term investments    5,148  
Receivables2,0362014(13)8(139)2,742
Inventory, net of allowances, customer advances and progress billings1,6531,6531,4751,4301,6043,5593,499
Inventory1,6531,6531,4751,4301,6043,5593,499
Prepaid expense907999147302  
Disposal group, including discontinued operation   50245  
Deferred tax assets    501393
Other current assets389413368341435  
Other undisclosed current assets 1,9221,9131,8181,8413,505637
Total current assets:7,5035,9197,2636,57411,79610,35110,004
Noncurrent Assets
Property, plant and equipment4,5124,5424,5884,2894,3868,6987,832
Intangible assets, net (including goodwill)4,5014,3564,4733,7064,0365,9536,499
Goodwill3,0302,9583,0992,5952,6873,8744,205
Intangible assets, net (excluding goodwill)1,4711,3981,3741,1111,3492,0792,294
Other noncurrent assets1,0698247879777579151,534
Other undisclosed noncurrent assets608      
Total noncurrent assets:10,6909,7229,8488,9729,17915,56615,865
TOTAL ASSETS:18,19315,64117,11115,54620,97525,91725,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,6892,7282,7332,6122,6664,3434,866
Accounts payable8921,0049207917161,264 
Employee-related liabilities456485548542481716667
Taxes payable11310485126619597539
Interest and dividends payable1111018770137282 
Other undisclosed accounts payable and accrued liabilities1,1171,0341,0931,0837131,4843,660
Debt5414332,5851,6991,040
Restructuring reserve     118
Disposal group, including discontinued operation   346  
Deferred tax liabilities    9760
Other undisclosed current liabilities 10485126453(127)(760)
Total current liabilities:3,2302,8362,8212,7445,7506,0425,906
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,8093,4733,5092,7793,9357,6068,126
Other undisclosed long-term debt and lease obligation4,8093,4733,5092,7793,9357,6068,126
Liabilities, other than long-term debt1,7941,5161,6651,7432,4256,9653,423
Liability for uncertainty in income taxes62      
Liability, pension and other postretirement and postemployment benefits     2,748
Estimated litigation liability     5372
Restructuring reserve     51 
Other liabilities1,7321,5161,6651,7432,4254,1133,351
Other undisclosed noncurrent liabilities448    (2,852)(72)
Total noncurrent liabilities:7,0514,9895,1744,5226,36011,71911,477
Total liabilities:10,2817,8257,9957,26612,11017,76117,383
Stockholders' equity
Stockholders' equity attributable to parent7,8827,7949,1248,2908,8468,1208,463
Common stock683683683683683683683
Treasury stock, value(10,764)(9,989)(7,981)(7,995)(7,646)(7,993)(7,914)
Additional paid in capital5,9555,8985,9405,9585,9025,8535,818
Accumulated other comprehensive income (loss)(3,710)(4,424)(4,001)(4,556)224(3,650)(1,976)
Retained earnings15,71815,62614,48314,2009,68313,22711,852
Stockholders' equity attributable to noncontrolling interest3022(8)(10)193623
Total stockholders' equity:7,9127,8169,1168,2808,8658,1568,486
TOTAL LIABILITIES AND EQUITY:18,19315,64117,11115,54620,97525,91725,869

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,36211,12710,56110,1639,96816,67115,259
Revenue, net10,56110,1639,96816,67115,259
Cost of revenue
(Cost of Goods and Services Sold)
(6,601)(6,346)(6,099)(6,053)(5,822)(8,514)(7,664)
Gross profit:4,7614,7814,4624,1104,1468,1577,595
Operating expenses(3,130)(3,272)(3,204)(3,386)(3,697)(6,492)(5,890)
Other operating income, net141      
Other undisclosed operating income 90     
Operating income:1,7721,5991,2587244491,6651,705
Nonoperating income (expense)(691)187444,353322(17)(8)
Investment income, nonoperating40483023201069
Foreign currency transaction gain (loss), before tax   34197 (26)
Other nonoperating income (expense)(731)139144,296105(123)9
Interest and debt expense(111)(93)(85)(89)(146)(167)(155)
Other undisclosed income from continuing operations before equity method investments, income taxes     9581,007
Income from continuing operations before equity method investments, income taxes:9701,6931,2174,9886252,4392,549
Income from equity method investments      24
Other undisclosed loss from continuing operations before income taxes   (34)(197) (24)
Income from continuing operations before income taxes:9701,6931,2174,9544282,4392,549
Income tax expense (benefit)41(63)(493)12(35)(493)(537)
Income from continuing operations:1,0111,6307244,9663931,9462,012
Income (loss) from discontinued operations (6)(7)(1)575551 
Net income:1,0111,6247174,9659682,4972,012
Net loss attributable to noncontrolling interest(10)      
Net income available to common stockholders, diluted:1,0011,6247174,9659682,4972,012

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,0111,6247174,9659682,4972,012
Other comprehensive income (loss)274(420)555(4,780)3,524(1,674)834
Comprehensive income:1,2851,2041,2721854,4928232,846
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)      
Comprehensive income, net of tax, attributable to parent:1,2751,2041,2721854,4928232,846

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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