Danaher (DHR) FY2021 results: revenue $24.8 billion, up 11.3% on the year
Danaher Corp. (DHR) reported revenue of $24.8 billion for fiscal 2021, the year ended 31 December 2021, up 11.3% on the year before. Net income was $6.4 billion, up 76.4%, and diluted earnings per share $8.61. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$24.8 billion
+11.3% on the year
FY2014FY2021
Operating margin
25.7%
19.0% a year earlier
FY2014FY2021
Net income
$6.4 billion
+76.4% on the year
FY2014FY2021
Diluted EPS
$8.61
+76.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
8,358
6,208
3,952
+34.6%
Capital expenditure
1,240
791
636
+56.8%
Free cash flow
7,118
5,417
3,316
+31.4%
Free cash flow margin
28.7%
24.3%
18.5%
Cash from investing
-12,987
-21,239
-1,238
Cash from financing
1,295
1,006
16,366
+28.7%
Depreciation and amortisation
2,062
1,775
1,190
+16.2%
Share-based compensation
184
187
159
-1.6%
Dividends paid
742
615
527
+20.7%
Diluted shares, weighted
737m
719m
726m
+2.5%
Shares outstanding at period end
715m
711m
696m
+0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
45,167
39,766
30,271
+13.6%
Non-controlling interest
10.0
11.0
11.0
-9.1%
Debt
22,176
21,204
21,729
+4.6%
Operating lease liabilities
889
785
639
+13.2%
Other liabilities
14,942
14,395
9,432
+3.8%
Total liabilities and equity
83,184
76,161
62,082
+9.2%
Fixed assets
3,530
3,262
2,302
+8.2%
Goodwill
38,682
35,420
22,712
+9.2%
Intangible assets
22,843
21,282
9,750
+7.3%
Securities held for sale or to maturity
20.0
27.0
34.0
-25.9%
Cash and equivalents
2,586
6,035
19,912
-57.1%
Receivables
4,631
4,045
3,191
+14.5%
Inventory
2,767
2,292
1,628
+20.7%
Other assets
8,125
3,798
2,551
+113.9%
Total assets
83,184
76,161
62,082
+9.2%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.