$BAX
BAXTER INTERNATIONAL INC

2024 Q2 Form 10-Q Financial Statement

#000162828024019786 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $3.812B $3.592B
YoY Change 2.83% -1.56%
Cost Of Revenue $2.381B $2.205B
YoY Change 2.19% -4.21%
Gross Profit $1.431B $1.387B
YoY Change 3.92% 2.97%
Gross Profit Margin 37.54% 38.61%
Selling, General & Admin $1.021B $1.027B
YoY Change 24.06% 1.68%
% of Gross Profit 71.35% 74.04%
Research & Development $173.0M $176.0M
YoY Change 4.85% 7.32%
% of Gross Profit 12.09% 12.69%
Depreciation & Amortization $288.0M $335.0M
YoY Change -6.8% 5.02%
% of Gross Profit 20.13% 24.15%
Operating Expenses $1.194B $1.203B
YoY Change 14.81% 2.47%
Operating Profit -$192.0M $187.0M
YoY Change -156.97% 0.54%
Interest Expense $104.0M $103.0M
YoY Change -166.24% -18.9%
% of Operating Profit 55.08%
Other Income/Expense, Net $20.00M $7.000M
YoY Change 42.86% 600.0%
Pretax Income -$257.0M $116.0M
YoY Change 40.44% 65.71%
Income Tax $54.00M $77.00M
% Of Pretax Income 66.38%
Net Earnings -$314.0M $37.00M
YoY Change 122.7% -15.91%
Net Earnings / Revenue -8.24% 1.03%
Basic Earnings Per Share -$0.62 $0.07
Diluted Earnings Per Share -$0.62 $0.07
COMMON SHARES
Basic Shares Outstanding 509.6M shares 507.8M shares
Diluted Shares Outstanding 510.0M shares 510.0M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.095B $3.026B
YoY Change 21.66% 80.87%
Cash & Equivalents $2.100B $3.030B
Short-Term Investments
Other Short-Term Assets $821.0M $812.0M
YoY Change -21.21% -6.13%
Inventory $2.985B $2.988B
Prepaid Expenses
Receivables $2.639B $2.521B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.593B $9.400B
YoY Change 4.73% 16.06%
LONG-TERM ASSETS
Property, Plant & Equipment $4.314B $4.370B
YoY Change -14.18% -12.6%
Goodwill $6.001B $6.430B
YoY Change -6.5% -6.38%
Intangibles $5.741B $5.905B
YoY Change -11.27% -11.07%
Long-Term Investments
YoY Change
Other Assets $1.139B $1.152B
YoY Change -29.73% 1.95%
Total Long-Term Assets $17.72B $18.39B
YoY Change -9.96% -8.93%
TOTAL ASSETS
Total Short-Term Assets $8.593B $9.400B
Total Long-Term Assets $17.72B $18.39B
Total Assets $26.31B $27.79B
YoY Change -5.64% -1.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.251B $1.329B
YoY Change 0.89% 3.02%
Accrued Expenses $2.412B $2.402B
YoY Change 13.77% 3.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $2.468B $2.634B
YoY Change 28.01% 138.8%
Total Short-Term Liabilities $6.131B $6.365B
YoY Change 6.35% 33.72%
LONG-TERM LIABILITIES
Long-Term Debt $10.44B $11.09B
YoY Change -27.05% -27.4%
Other Long-Term Liabilities $1.598B $1.652B
YoY Change -26.8% -10.9%
Total Long-Term Liabilities $1.598B $1.652B
YoY Change -90.31% -10.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.131B $6.365B
Total Long-Term Liabilities $1.598B $1.652B
Total Liabilities $18.60B $19.55B
YoY Change -16.63% -12.51%
SHAREHOLDERS EQUITY
Retained Earnings $15.54B $16.00B
YoY Change 13.8% 14.74%
Common Stock $7.036B $7.022B
YoY Change 0.17% 0.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.643B $8.173B
YoY Change
Total Liabilities & Shareholders Equity $26.31B $27.79B
YoY Change -5.64% -1.78%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$314.0M $37.00M
YoY Change 122.7% -15.91%
Depreciation, Depletion And Amortization $288.0M $335.0M
YoY Change -6.8% 5.02%
Cash From Operating Activities $115.0M $163.0M
YoY Change -67.24% -65.97%
INVESTING ACTIVITIES
Capital Expenditures $116.0M $176.0M
YoY Change -25.64% 2.33%
Acquisitions
YoY Change
Other Investing Activities $25.00M $0.00
YoY Change -247.06% -100.0%
Cash From Investing Activities -$91.00M -$166.0M
YoY Change -47.4% -2.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -936.0M -$140.0M
YoY Change 680.0% -62.37%
NET CHANGE
Cash From Operating Activities 115.0M $163.0M
Cash From Investing Activities -91.00M -$166.0M
Cash From Financing Activities -936.0M -$140.0M
Net Change In Cash -912.0M -$168.0M
YoY Change -1672.41% 273.33%
FREE CASH FLOW
Cash From Operating Activities $115.0M $163.0M
Capital Expenditures $116.0M $176.0M
Free Cash Flow -$1.000M -$13.00M
YoY Change -100.51% -104.23%

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0001628280-24-019786-index-headers.html Edgar Link pending
0001628280-24-019786-index.html Edgar Link pending
0001628280-24-019786.txt Edgar Link pending
0001628280-24-019786-xbrl.zip Edgar Link pending
bax-20240331.htm Edgar Link pending
bax-20240331.xsd Edgar Link pending
bax-20240331ex321.htm Edgar Link pending
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