Baxter international inc. (BAX)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Net sales

11,526

11,362

11,156

11,066

11,045

11,099

11,063

11,009

10,801

10,584

10,432

10,283

10,263

10,163

10,121

10,050

9,940

9,968

7,373

7,595

9,274

10,719

9,297

10,298

9,813

9,413

14,326

14,093

13,996

13,936

14,031

14,033

13,997

13,893

13,797

13,542

13,200

12,843

12,815

12,736

12,665

12,562

12,243

12,287

0

0

0

Cost of sales

6,682

6,601

6,510

6,418

6,327

6,340

6,319

6,367

6,250

6,110

6,018

5,928

6,068

6,047

5,996

5,962

5,803

5,777

4,771

4,834

5,565

6,138

5,683

5,971

5,516

5,251

6,987

6,850

6,820

6,802

6,870

6,911

6,912

6,847

6,898

6,755

6,610

6,885

6,708

6,656

6,585

6,037

5,964

6,013

0

0

0

Gross margin

4,844

4,761

4,646

4,648

4,718

4,759

4,744

4,642

4,551

4,474

4,414

4,355

4,195

4,116

4,125

4,088

4,137

4,191

2,602

2,761

3,709

4,581

3,614

4,327

4,297

4,162

7,339

7,243

7,176

7,134

7,161

7,122

7,085

7,046

6,899

6,787

6,590

5,958

6,107

6,080

6,080

6,525

6,279

6,274

0

0

0

Selling, general and administrative expenses

2,562

2,535

2,496

2,553

2,588

2,620

2,746

2,742

2,696

2,627

2,523

2,569

2,648

2,725

2,746

2,814

2,888

3,031

2,951

2,984

3,189

3,315

3,201

3,349

3,199

3,084

3,607

3,375

3,326

3,283

3,170

3,214

3,190

3,154

3,101

2,984

2,940

2,907

2,862

2,864

2,803

2,731

2,624

2,655

0

0

0

Research and development expenses

612

595

614

636

642

654

662

646

629

615

588

597

637

646

635

624

580

587

272

273

444

610

566

694

645

582

1,012

1,025

1,058

1,081

1,119

1,068

1,001

946

954

922

902

915

899

920

932

917

901

895

0

0

0

Other operating income, net

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

1,798

1,772

1,627

1,506

1,533

1,584

1,481

1,399

1,369

1,288

1,303

1,189

910

745

744

650

669

573

488

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-74

-71

-62

-60

-51

-45

-48

-51

-53

-55

-54

-54

-52

-66

-85

-105

-124

-126

-209

-206

-218

-145

-245

-169

-110

-128

109

89

94

87

110

99

62

54

28

38

78

87

145

144

143

98

1

3

0

0

0

Other (income) expense, net

-762

-731

41

51

93

78

-53

-50

-116

-133

-46

-94

1,095

4,275

4,221

4,174

3,064

-19

0

107

41

-21

42

81

28

7

12

-29

101

155

71

53

-22

-83

-58

-171

-161

-159

-115

-49

-45

-45

-80

-30

0

0

0

Income before income taxes

962

970

1,606

1,497

1,575

1,617

1,380

1,298

1,200

1,100

1,203

1,041

1,953

4,954

4,880

4,719

3,609

428

-744

-509

-15

490

-268

194

335

375

2,623

2,725

2,799

2,838

2,863

2,824

2,810

2,809

2,728

2,642

2,509

1,890

2,138

2,155

2,209

2,734

2,581

2,599

0

0

0

Income tax expense

-40

-41

265

13

63

65

315

503

482

491

178

137

101

-12

-29

-65

-37

35

-261

-199

-99

33

-63

46

65

60

502

549

552

555

559

525

543

553

518

486

445

463

561

570

572

519

466

468

0

0

0

Income from continuing operations

-

-

-

1,510

-

1,578

-

795

718

609

1,025

904

1,852

4,966

4,909

4,784

3,646

393

-483

-310

84

457

1,678

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

0

-

-7

-6

-7

6

6

5

-1

18

14

272

575

2,199

2,493

2,287

2,040

410

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

1,002

1,011

1,335

1,478

1,506

1,546

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

2,256

2,210

2,156

2,064

1,427

1,577

1,585

1,637

2,215

2,115

2,131

0

0

0

Net income attributable to noncontrolling interests

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

26

23

11

7

8

11

11

10

10

12

0

0

0

Net income attributable to Baxter stockholders

991

1,001

1,329

1,478

1,506

1,546

1,055

788

712

602

1,031

910

1,857

4,965

4,927

4,798

3,918

968

1,716

2,183

2,371

2,497

0

0

0

-

-

-

-

2,326

2,295

2,288

2,242

2,224

2,184

2,133

2,053

1,420

1,569

1,574

1,626

2,205

2,105

2,119

0

0

0

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

-

-

-

-

-

0.59

-

0.64

0.71

-0.33

0.46

0.49

0.50

0.49

0.23

2.21

6.17

0.33

0.00

0.14

0.25

-1.27

0.32

0.86

0.93

-

0.97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

0.58

-

0.62

0.69

-0.33

0.45

0.48

0.50

0.46

0.23

2.19

6.13

0.35

0.00

0.13

0.24

-1.26

0.32

0.85

0.92

-

0.96

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-0.01

-

0.00

0.00

-

-

-

-

-0.01

0.01

0.00

-0.01

0.05

0.00

0.47

0.54

3.04

0.54

0.10

0.09

-

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

-0.01

-

0.00

0.00

-

-

-

-0.01

-

0.01

0.00

-0.01

0.03

0.00

0.47

0.54

3.00

0.54

0.10

0.09

-

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings per share
Basic (in dollars per share)

0.65

-0.03

0.72

0.61

0.67

0.58

0.97

0.64

0.71

-0.34

0.46

0.49

0.50

0.48

0.24

2.21

6.16

0.38

0.00

0.61

0.79

1.77

0.86

0.96

1.02

0.60

1.00

1.09

1.01

0.90

1.07

1.20

1.05

0.82

1.02

1.08

0.99

0.72

0.90

0.90

-0.11

0.94

0.88

0.97

0.84

0.76

0.87

Diluted (in dollars per share)

0.64

-0.04

0.71

0.60

0.66

0.57

0.95

0.62

0.69

-0.34

0.45

0.48

0.49

0.46

0.24

2.19

6.12

0.38

0.00

0.60

0.78

1.74

0.86

0.95

1.01

0.60

0.99

1.07

1.00

0.89

1.06

1.19

1.04

0.82

1.01

1.07

0.98

0.71

0.89

0.90

-0.11

0.93

0.87

0.96

0.83

0.74

0.85

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

507

503

511

510

512

528

534

535

539

542

545

544

541

543

544

548

549

547

546

544

543

542

542

542

542

541

543

543

545

547

548

550

559

563

566

570

577

581

584

593

602

603

605

607

613

625

626

Diluted (in shares)

516

515

520

519

522

538

546

547

551

557

557

555

551

548

551

553

552

550

549

549

548

545

547

548

548

547

549

549

551

556

552

553

563

565

571

575

581

591

587

596

602

611

612

612

621

638

638

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

0.16

0.13

-

0.13

0.13

0.11

-

0.11

0.52

0.52

-

0.52

0.52

0.49

-

0.49

0.49

0.45

-

0.45

0.33

0.33

-

0.31

0.31

0.31

-

0.29

0.29

0.29

-

0.26

0.26

0.26

0.21

0.21