Baxter international inc. (BAX)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Net sales

11,362

11,099

10,584

10,163

9,968

10,719

9,413

13,936

13,893

12,843

12,562

12,348

11,263

Cost of sales

6,601

6,340

6,110

6,047

5,777

6,138

5,251

6,802

6,847

6,885

6,037

6,218

5,744

Gross margin

4,761

4,759

4,474

4,116

4,191

4,581

4,162

7,134

7,046

5,958

6,525

6,130

5,519

Selling, general and administrative expenses

2,535

2,620

2,627

2,725

3,031

3,315

3,084

3,283

3,154

2,907

2,731

2,698

2,521

Research and development expenses

595

654

615

646

587

610

582

1,081

946

915

917

868

760

Other operating income, net

141

99

56

-

-

-

-

-

-

-

-

-

-

Operating income

1,772

1,584

1,288

745

573

656

496

-

-

-

-

-

-

Interest expense, net

-71

-45

-55

-66

-126

-145

-128

87

54

87

98

76

-22

Restructuring charge

-

-

-

-

-

-

-

-

-

-

-

-

70

Other (income) expense, net

-731

78

-133

4,275

-19

-21

7

155

-83

-159

-45

-26

-18

Income before income taxes

970

1,617

1,100

4,954

428

490

375

2,838

2,809

1,890

2,734

2,462

2,128

Income tax expense

-41

65

491

-12

35

33

60

555

553

463

519

437

407

Income from continuing operations

1,011

1,552

609

4,966

393

457

315

2,283

-

-

-

-

-

Loss from discontinued operations, net of tax

0

-6

-7

-1

575

2,040

1,697

43

-

-

-

-

-

Net income

1,011

1,546

602

-

-

-

-

-

2,256

1,427

2,215

2,025

1,721

Net income attributable to noncontrolling interests

10

0

0

-

-

-

-

-

32

7

10

11

14

Net income attributable to Baxter stockholders

1,001

1,546

602

4,965

968

2,497

2,012

2,326

2,224

1,420

2,205

2,014

1,707

Earnings per share from continuing operations
Basic (in dollars per share)

1.97

2.91

1.12

9.10

0.72

0.84

0.58

4.14

-

-

-

-

-

Diluted (in dollars per share)

1.93

2.84

1.10

9.01

0.72

0.83

0.57

4.11

-

-

-

-

-

Loss per share from discontinued operations
Basic (in dollars per share)

0.00

-0.01

-0.01

-0.01

1.06

3.77

3.12

0.08

-

-

-

-

-

Diluted (in dollars per share)

0.00

-0.01

-0.02

-

1.04

3.73

3.09

0.07

-

-

-

-

-

Earnings per share
Basic (in dollars per share)

1.97

2.90

1.11

9.09

1.78

4.61

3.70

4.22

3.91

2.41

3.63

3.22

2.65

Diluted (in dollars per share)

1.93

2.83

1.08

9.01

1.76

4.56

3.66

4.18

3.88

2.39

3.59

3.16

2.61

Weighted-average number of shares outstanding
Basic (in shares)

509

534

543

546

545

542

543

551

569

590

607

625

644

Diluted (in shares)

519

546

555

551

549

547

549

556

573

594

614

637

654

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

0.91

0.72