BAXTER INTERNATIONAL INC. BAX Cash Flow

Baxter international inc. (BAX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operations
Net income
333,000	-19,000	375,000	313,000	342,000	305,000	509,000	343,000	389,000	-186,000	251,000	265,000	272,000	243,000	130,000	1,212,000	3,380,000	205,000	1,000	332,000	430,000	953,000	468,000	520,000	556,000	326,000	544,000	590,000	552,000	494,000	583,000	661,000	588,000	472,000	578,000	629,000	577,000	426,000	524,000	537,000	-60,000	576,000	532,000	589,000	518,000
Adjustments to reconcile net income to cash flows from operations:
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-1,000	3,000	3,000	0	-7,000	22,000	-1,000	258,000	296,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
199,000	209,000	195,000	193,000	192,000	185,000	199,000	195,000	192,000	188,000	184,000	184,000	194,000	201,000	204,000	206,000	189,000	166,000	216,000	190,000	187,000	200,000	103,000	253,000	236,000	62,000	207,000	183,000	183,000	178,000	179,000	180,000	175,000	167,000	176,000	169,000	158,000	179,000	171,000	169,000	166,000	172,000	164,000	154,000	148,000
Realized excess tax benefits from stock issued under employee benefit plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,000	13,000	7,000	12,000	10,000	6,000	1,000	7,000	4,000	4,000	8,000	5,000	6,000	1,000	3,000	31,000	8,000	7,000	159,000	-78,000
Deferred income taxes
-17,000	-265,000	18,000	-57,000	-6,000	28,000	-240,000	-18,000	-33,000	241,000	-10,000	-29,000	9,000	-4,000	-151,000	-76,000	-71,000	-113,000	12,000	3,000	48,000	-182,000	96,000	-14,000	-17,000	-270,000	148,000	-101,000	38,000	-214,000	78,000	65,000	54,000	-46,000	58,000	69,000	91,000	-93,000	49,000	29,000	91,000	79,000	53,000	76,000	59,000
Stock compensation
29,000	30,000	35,000	35,000	22,000	28,000	33,000	34,000	20,000	30,000	31,000	28,000	18,000	31,000	30,000	31,000	23,000	30,000	30,000	37,000	29,000	35,000	19,000	41,000	31,000	11,000	39,000	40,000	32,000	33,000	34,000	35,000	28,000	25,000	33,000	33,000	28,000	28,000	29,000	33,000	30,000	34,000	32,000	36,000	38,000
Net periodic pension benefit and other postretirement costs
20,000	14,000	1,000	4,000	3,000	8,000	10,000	11,000	10,000	30,000	31,000	31,000	31,000	26,000	30,000	30,000	30,000	57,000	55,000	55,000	60,000	50,000	28,000	70,000	71,000	26,000	95,000	93,000	94,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains on Baxalta common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,148,000	3,239,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Infusion pump charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	588,000	-	-	-	-
Other
-13,000	-25,000	-46,000	-30,000	-14,000	-27,000	-16,000	5,000	-12,000	31,000	-24,000	-46,000	1,000	191,000	-199,000	-141,000	-97,000	-50,000	-96,000	17,000	87,000	54,000	-16,000	-56,000	-1,000	75,000	50,000	-42,000	-10,000	-113,000	-37,000	59,000	25,000	71,000	-85,000	-10,000	-8,000	-1,000	-23,000	-42,000	9,000	-36,000	21,000	5,000	9,000
Accounts receivable, net
60,000	42,000	-37,000	92,000	-32,000	-4,000	59,000	33,000	-76,000	2,000	11,000	35,000	-78,000	7,000	-60,000	54,000	-16,000	9,000	45,000	0	-50,000	82,000	14,000	230,000	-233,000	54,000	-58,000	73,000	-85,000	113,000	42,000	-90,000	-24,000	127,000	-55,000	89,000	68,000	95,000	-11,000	5,000	33,000	59,000	50,000	13,000	45,000
Inventories
83,000	-92,000	-3,000	9,000	82,000	-29,000	92,000	78,000	56,000	-	-	9,000	29,000	-91,000	-14,000	-1,000	26,000	-87,000	35,000	48,000	122,000	-32,000	-185,000	127,000	233,000	-363,000	106,000	125,000	181,000	-7,000	36,000	28,000	72,000	43,000	58,000	153,000	61,000	-114,000	-25,000	25,000	94,000	-56,000	31,000	171,000	-86,000
Accounts payable and accrued liabilities
-110,000	37,000	50,000	36,000	-335,000	92,000	77,000	-6,000	-103,000	47,000	76,000	150,000	-262,000	129,000	17,000	95,000	-438,000	222,000	131,000	189,000	-306,000	130,000	94,000	17,000	-278,000	231,000	115,000	128,000	-299,000	322,000	-53,000	59,000	-288,000	188,000	34,000	11,000	-135,000	64,000	114,000	-51,000	-101,000	108,000	101,000	40,000	-304,000
Restructuring payments
-	-	-	-	-	-	-	-20,000	-27,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business optimization payments
-	-	-	-	-	-	-	-	-	-	35,000	36,000	43,000	45,000	53,000	32,000	34,000	28,000	24,000	18,000	19,000	39,000	2,000	38,000	45,000	13,000	29,000	26,000	26,000	57,000	63,000	79,000	84,000	89,000	111,000	87,000	60,000	-	-	-	23,000	40,000	7,000	49,000	-21,000
Other
-50,000	-7,000	-59,000	-38,000	-48,000	-4,000	-11,000	-51,000	-33,000	-132,000	0	-33,000	-62,000	-31,000	60,000	169,000	-108,000	-148,000	-100,000	-114,000	-2,000	117,000	-96,000	-42,000	4,000	99,000	-54,000	19,000	-90,000	-327,000	36,000	45,000	53,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from operations – continuing operations
274,000	829,000	701,000	446,000	134,000	709,000	456,000	405,000	447,000	387,000	576,000	561,000	206,000	686,000	537,000	575,000	-174,000	496,000	434,000	351,000	-28,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from operations – discontinued operations
-2,000	0	0	0	-6,000	-	-	-	-	4,000	29,000	-32,000	-17,000	27,000	-5,000	167,000	-159,000	228,000	-179,000	345,000	124,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, including pension contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-76,000	-48,000	162,000	-	30,000	-93,000	263,000	-23,000	14,000	159,000	-91,000
Cash flows from operations
272,000	829,000	701,000	446,000	128,000	709,000	456,000	405,000	447,000	391,000	605,000	529,000	189,000	713,000	532,000	742,000	-333,000	724,000	255,000	696,000	96,000	1,143,000	914,000	599,000	559,000	1,083,000	966,000	763,000	386,000	945,000	747,000	968,000	446,000	892,000	922,000	632,000	371,000	935,000	1,006,000	783,000	279,000	986,000	875,000	811,000	237,000
Cash flows from investing activities
Capital expenditures
172,000	191,000	167,000	145,000	193,000	206,000	142,000	156,000	155,000	206,000	131,000	156,000	123,000	200,000	167,000	168,000	184,000	253,000	234,000	210,000	214,000	301,000	-220,000	423,000	421,000	-331,000	398,000	347,000	292,000	399,000	259,000	264,000	239,000	317,000	235,000	210,000	198,000	264,000	232,000	237,000	230,000	380,000	247,000	216,000	171,000
Acquisitions and investments, net of cash acquired
443,000	232,000	75,000	2,000	109,000	13,000	27,000	9,000	219,000	6,000	644,000	30,000	6,000	1,000	5,000	9,000	33,000	7,000	19,000	1,000	7,000	55,000	-136,000	117,000	59,000	-99,000	3,685,000	20,000	67,000	20,000	116,000	42,000	337,000	361,000	27,000	188,000	14,000	45,000	20,000	20,000	234,000	-	-	-	-
Other investing activities, net
-11,000	26,000	-13,000	2,000	-1,000	-	-	-	-	8,000	0	-10,000	12,000	20,000	6,000	8,000	3,000	28,000	38,000	14,000	4,000	8,000	-3,000	-2,000	96,000	17,000	4,000	0	10,000	193,000	-12,000	-31,000	-43,000	-	-	-	-	-	-	-	-	61,000	-45,000	-17,000	25,000
Cash flows from investing activities – continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-181,000	-166,000	-169,000	-214,000	-232,000	-215,000	-197,000	-217,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities – discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	13,000	0	0	-393,000	-553,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities
-604,000	-421,000	-231,000	-147,000	-301,000	-216,000	-161,000	-165,000	-374,000	-204,000	-775,000	-196,000	-117,000	-179,000	-166,000	-169,000	-201,000	-232,000	-215,000	-590,000	-770,000	3,000	-619,000	-542,000	-384,000	-567,000	-4,079,000	-367,000	-349,000	-398,000	-363,000	-275,000	-533,000	-661,000	-262,000	-292,000	-212,000	-291,000	-252,000	-257,000	-464,000	-393,000	-256,000	-301,000	-196,000
Cash flows from financing activities
Issuances of debt
1,240,000	0	0	1,661,000	0	-	-	-	-	-	-	-	-	0	1,580,000	0	61,000	0	121,000	5,847,000	900,000	0	7,000	2,000	32,000	138,000	9,000	3,481,000	8,000	15,000	1,010,000	0	12,000	502,000	0	2,000	2,000	48,000	6,000	2,000	602,000	10,000	501,000	3,000	358,000
Payments of debt and capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	1,150,000	213,000	20,000	63,000	2,779,000	326,000	618,000	503,000	0	16,000	510,000	14,000	222,000	3,000	301,000	4,000	13,000	2,000	3,000	14,000	2,000	4,000	3,000	546,000	4,000	4,000	13,000	6,000	10,000	19,000	164,000
Net increase in debt obligations with original maturities of three months or less
0	-	-	-	795,000	-	-	-	-	-	-	-	-	0	-781,000	31,000	450,000	-125,000	425,000	-1,236,000	361,000	-	-	-	-	-	-	-	300,000	0	-375,000	75,000	50,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends on common stock
111,000	113,000	112,000	97,000	101,000	102,000	101,000	86,000	87,000	87,000	87,000	71,000	70,000	71,000	71,000	63,000	63,000	63,000	283,000	282,000	282,000	282,000	282,000	265,000	266,000	266,000	267,000	244,000	246,000	246,000	184,000	186,000	188,000	175,000	176,000	178,000	180,000	169,000	171,000	174,000	174,000	157,000	157,000	158,000	160,000
Proceeds from stock issued under employee benefit plans
66,000	-	-	-	173,000	26,000	62,000	88,000	82,000	49,000	98,000	89,000	111,000	35,000	83,000	84,000	84,000	19,000	55,000	71,000	48,000	49,000	71,000	111,000	138,000	40,000	127,000	145,000	196,000	205,000	127,000	19,000	161,000	43,000	101,000	170,000	134,000	112,000	34,000	406,000	-171,000	670,000	-85,000	-65,000	-139,000
Purchases of treasury stock
0	241,000	309,000	123,000	597,000	1,424,000	247,000	259,000	522,000	289,000	180,000	44,000	51,000	-	-	-	-	-	-	-	-	50,000	50,000	200,000	250,000	50,000	146,000	183,000	534,000	415,000	105,000	385,000	575,000	170,000	298,000	478,000	637,000	180,000	161,000	677,000	435,000	250,000	100,000	300,000	566,000
Other financing activities, net
-25,000	-6,000	-5,000	-5,000	-32,000	-8,000	-1,000	-6,000	-18,000	-3,000	-6,000	-4,000	-27,000	1,000	-5,000	12,000	-2,000	4,000	-12,000	-2,000	-25,000	-14,000	-1,000	-2,000	4,000	2,000	-1,000	-1,000	-23,000	-6,000	0	-97,000	-5,000	-6,000	-6,000	-10,000	-4,000	-3,000	-12,000	0	-32,000	-	-	-	-
Cash flows from financing activities
1,170,000	-116,000	-354,000	730,000	238,000	-1,508,000	-287,000	-263,000	-545,000	-298,000	-175,000	603,000	-37,000	-280,000	-405,000	-149,000	510,000	-228,000	-4,709,000	4,072,000	384,000	-275,000	-55,000	-220,000	-852,000	-150,000	-500,000	2,895,000	-600,000	-451,000	460,000	-576,000	-548,000	355,000	-306,000	-498,000	-688,000	-738,000	-308,000	-789,000	119,000	-329,000	119,000	-409,000	-393,000
Effect of foreign exchange rate changes on cash and cash equivalents
-63,000	34,000	-41,000	3,000	-1,000	-10,000	-11,000	-67,000	25,000	12,000	45,000	23,000	22,000	-50,000	6,000	-5,000	22,000	-21,000	-41,000	-28,000	-105,000	-24,000	-28,000	-20,000	-7,000	-9,000	0	9,000	-18,000	-17,000	-6,000	-36,000	2,000	-19,000	-34,000	8,000	12,000	-9,000	42,000	-110,000	-47,000	-49,000	31,000	-2,000	-76,000
Increase in cash and cash equivalents
775,000	326,000	75,000	1,032,000	64,000	-1,025,000	-3,000	-90,000	-447,000	-99,000	-300,000	959,000	57,000	204,000	-33,000	419,000	-2,000	243,000	-4,710,000	4,150,000	-395,000	847,000	212,000	-183,000	-684,000	357,000	-3,613,000	3,300,000	-581,000	79,000	838,000	81,000	-633,000	567,000	320,000	-150,000	-517,000	-103,000	488,000	-373,000	-113,000	215,000	769,000	99,000	-428,000
Non-cash investing and financing activities
Decrease in liabilities for capital expenditures
-	-	-	-	-	-	-	-5,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds on Retained Shares transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,148,000	3,239,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of obligations in exchange for Retained Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,646,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other supplemental information
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	109,000	309,000	-43,000	91,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-