Danaher (DHR) FY2022 results: revenue $26.6 billion, up 7.4% on the year
Danaher Corp. (DHR) reported revenue of $26.6 billion for fiscal 2022, the year ended 31 December 2022, up 7.4% on the year before. Net income was $7.2 billion, up 12.1%, and diluted earnings per share $9.66. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.
Revenue
$26.6 billion
+7.4% on the year
FY2015FY2022
Operating margin
28.3%
25.7% a year earlier
FY2015FY2022
Net income
$7.2 billion
+12.1% on the year
FY2015FY2022
Diluted EPS
$9.66
+12.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
8,519
8,358
6,208
+1.9%
Capital expenditure
1,118
1,240
791
-9.8%
Free cash flow
7,401
7,118
5,417
+4.0%
Free cash flow margin
27.8%
28.7%
24.3%
Cash from investing
-2,234
-12,987
-21,239
Cash from financing
-2,570
1,295
1,006
Depreciation and amortisation
2,132
2,062
1,775
+3.4%
Share-based compensation
295
184
187
+60.3%
Buybacks
0.0
n/a
n/a
Dividends paid
818
742
615
+10.2%
Diluted shares, weighted
737m
737m
719m
+0.0%
Shares outstanding at period end
728m
715m
711m
+1.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
50,082
45,167
39,766
+10.9%
Non-controlling interest
8.0
10.0
11.0
-20.0%
Debt
19,677
22,176
21,204
-11.3%
Operating lease liabilities
772
889
785
-13.2%
Other liabilities
13,811
14,942
14,395
-7.6%
Total liabilities and equity
84,350
83,184
76,161
+1.4%
Fixed assets
3,709
3,530
3,262
+5.1%
Goodwill
37,276
38,682
35,420
-3.6%
Intangible assets
19,821
22,843
21,282
-13.2%
Securities held for sale or to maturity
11.0
20.0
27.0
-45.0%
Cash and equivalents
5,995
2,586
6,035
+131.8%
Receivables
4,102
4,631
4,045
-11.4%
Inventory
2,765
2,767
2,292
-0.1%
Other assets
10,671
8,125
3,798
+31.3%
Total assets
84,350
83,184
76,161
+1.4%
10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.