2012 Q4 Form 10-K Financial Statement

#000119312514061654 Filed on February 21, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $3.753B $3.477B $3.572B
YoY Change 4.42% -0.06% 1.02%
Cost Of Revenue $1.815B $1.667B $1.700B
YoY Change -0.77% -2.4% -0.06%
Gross Profit $1.905B $1.810B $1.872B
YoY Change 7.93% 2.2% 2.02%
Gross Profit Margin 50.76% 52.06% 52.41%
Selling, General & Admin $810.0M $743.0M $789.0M
YoY Change 8.29% -5.59% 3.14%
% of Gross Profit 42.52% 41.05% 42.15%
Research & Development $263.0M $290.0M $306.0M
YoY Change 3.54% 21.34% 28.03%
% of Gross Profit 13.81% 16.02% 16.35%
Depreciation & Amortization $178.0M $179.0M $180.0M
YoY Change 6.59% 1.7% 6.51%
% of Gross Profit 9.34% 9.89% 9.62%
Operating Expenses $1.243B $1.033B $1.095B
YoY Change 24.05% 0.68% 7.67%
Operating Profit $662.0M $777.0M $777.0M
YoY Change -13.24% 4.3% -5.01%
Interest Expense -$22.00M $31.00M $27.00M
YoY Change 46.67% 34.78% -280.0%
% of Operating Profit -3.32% 3.99% 3.47%
Other Income/Expense, Net $113.0M $14.00M $62.00M
YoY Change -450.0%
Pretax Income $574.0M $925.0M $986.0M
YoY Change 4.74% -6.28% 22.79%
Income Tax $80.00M $183.0M $156.0M
% Of Pretax Income 13.94% 19.78% 15.82%
Net Earnings $494.0M $583.0M $661.0M
YoY Change 6.7% 1.22% 7.48%
Net Earnings / Revenue 13.16% 16.77% 18.51%
Basic Earnings Per Share $0.90 $1.07 $1.20
Diluted Earnings Per Share $0.89 $1.06 $1.19
COMMON SHARES
Basic Shares Outstanding 549.4M shares 548.0M shares 550.0M shares
Diluted Shares Outstanding 552.0M shares 553.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.270B $3.191B $2.353B
YoY Change 12.56% 36.48% 16.6%
Cash & Equivalents $3.270B $3.191B $2.353B
Short-Term Investments
Other Short-Term Assets $762.0M $759.0M $740.0M
YoY Change 9.33% 9.05% 13.5%
Inventory $2.803B $2.831B $2.730B
Prepaid Expenses
Receivables $2.425B $2.324B $2.225B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.260B $9.105B $8.048B
YoY Change 7.05% 13.78% 3.06%
LONG-TERM ASSETS
Property, Plant & Equipment $6.098B $5.862B $5.623B
YoY Change 10.37% 8.04% 2.59%
Goodwill $2.502B $2.498B
YoY Change 7.98%
Intangibles $814.0M $867.0M
YoY Change -1.45%
Long-Term Investments
YoY Change
Other Assets $1.716B $1.493B $1.421B
YoY Change -2.22% -5.86% -10.12%
Total Long-Term Assets $11.13B $10.72B $10.40B
YoY Change 6.78% 8.93% 4.69%
TOTAL ASSETS
Total Short-Term Assets $9.260B $9.105B $8.048B
Total Long-Term Assets $11.13B $10.72B $10.40B
Total Assets $20.39B $19.83B $18.45B
YoY Change 6.91% 11.11% 3.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.372B $4.125B $3.988B
YoY Change -0.88% 1.35% -0.52%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $27.00M $16.00M $385.0M
YoY Change -89.45% -81.61% 2861.54%
Long-Term Debt Due $323.0M $317.0M $497.0M
YoY Change 70.0% 3862.5% 5422.22%
Total Short-Term Liabilities $4.759B $4.458B $4.870B
YoY Change -2.02% 7.03% 20.81%
LONG-TERM LIABILITIES
Long-Term Debt $5.580B $5.614B $4.432B
YoY Change 17.5% 26.24% 1.23%
Other Long-Term Liabilities $3.073B $2.563B $2.532B
YoY Change 16.45% 25.58% 21.26%
Total Long-Term Liabilities $3.073B $2.563B $6.964B
YoY Change 16.45% -60.5% 7.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.759B $4.458B $4.870B
Total Long-Term Liabilities $3.073B $2.563B $6.964B
Total Liabilities $7.832B $7.021B $11.90B
YoY Change 4.48% -35.53% 10.71%
SHAREHOLDERS EQUITY
Retained Earnings $10.89B $10.64B
YoY Change 15.47%
Common Stock $6.452B $6.457B
YoY Change -0.22%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.592B $7.421B
YoY Change 12.99%
Treasury Stock Shares 137.3M shares 134.9M shares
Shareholders Equity $6.938B $7.129B $6.551B
YoY Change
Total Liabilities & Shareholders Equity $20.39B $19.83B $18.45B
YoY Change 6.91% 11.11% 3.97%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $494.0M $583.0M $661.0M
YoY Change 6.7% 1.22% 7.48%
Depreciation, Depletion And Amortization $178.0M $179.0M $180.0M
YoY Change 6.59% 1.7% 6.51%
Cash From Operating Activities $945.0M $747.0M $1.001B
YoY Change 5.94% -18.98% 58.39%
INVESTING ACTIVITIES
Capital Expenditures -$399.0M -$259.0M -$264.0M
YoY Change 25.87% 10.21% 25.71%
Acquisitions
YoY Change
Other Investing Activities $1.000M -$104.0M -$44.00M
YoY Change -100.29% 285.19% -46.34%
Cash From Investing Activities -$398.0M -$363.0M -$308.0M
YoY Change -39.79% 38.55% 5.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -451.0M 460.0M -576.0M
YoY Change -227.04% -250.33% 15.66%
NET CHANGE
Cash From Operating Activities 945.0M 747.0M 1.001B
Cash From Investing Activities -398.0M -363.0M -308.0M
Cash From Financing Activities -451.0M 460.0M -576.0M
Net Change In Cash 96.00M 844.0M 117.0M
YoY Change -83.62% 138.42% -174.05%
FREE CASH FLOW
Cash From Operating Activities $945.0M $747.0M $1.001B
Capital Expenditures -$399.0M -$259.0M -$264.0M
Free Cash Flow $1.344B $1.006B $1.265B
YoY Change 11.17% -13.05% 50.24%

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CY2013 dei Trading Symbol
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CY2013 dei Entity Registrant Name
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BAXTER INTERNATIONAL INC
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CY2013 dei Document Type
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CY2013 dei Document Period End Date
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CY2013Q3 bax Low Market Price
LowMarketPrice
65.69
CY2013Q3 bax High Market Price
HighMarketPrice
74.43
CY2013Q3 bax Business Development Related Charges
BusinessDevelopmentRelatedCharges
25000000
CY2011Q4 us-gaap Restructuring Charges
RestructuringCharges
192000000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.450
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
3753000000
CY2012Q4 us-gaap Gross Profit
GrossProfit
1905000000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
494000000
CY2012Q4 us-gaap Restructuring Charges
RestructuringCharges
150000000
CY2012Q4 bax Low Market Price
LowMarketPrice
60.09
CY2012Q4 bax High Market Price
HighMarketPrice
68.81
CY2012Q4 bax Pension Settlement And Other Pension Related Charges
PensionSettlementAndOtherPensionRelatedCharges
170000000
CY2012Q4 bax Business Optimization Charges
BusinessOptimizationCharges
150000000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.49
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
4368000000
CY2013Q4 us-gaap Gross Profit
GrossProfit
1954000000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
326000000
CY2013Q4 us-gaap Restructuring Charges
RestructuringCharges
314000000
CY2013Q4 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
17000000
CY2013Q4 bax Low Market Price
LowMarketPrice
63.89
CY2013Q4 bax High Market Price
HighMarketPrice
69.55
CY2013Q4 bax Business Development Related Charges
BusinessDevelopmentRelatedCharges
78000000
CY2013Q4 bax Business Optimization Charges
BusinessOptimizationCharges
282000000
CY2013Q4 bax Business Optimization Reserve Other Adjustments
BusinessOptimizationReserveOtherAdjustments
20000000

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