Baxter International Inc.

BAX ·Healthcare, Medical Devices, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2010 FY2009 FY2008 FY2007
Revenue $12.84B $12.56B $12.35B $11.26B
Renal
Hospital Products
Americas
EMEA
APAC
Hillrom
Medical Products and Therapies
Healthcare Systems and Technologies
Pharmaceuticals
Kidney Care
Other
Cost of Revenue $6.89B $6.04B $6.22B $5.74B
Gross Profit $5.96B $6.53B $6.13B $5.52B
Gross Margin 46.4% 51.9% 49.6% 49.0%
Operating Expenses
Research & Development $915.0M $917.0M $868.0M $760.0M
SG&A Expense $2.91B $2.73B $2.70B $2.52B
Operating Income $2.01B $2.85B $2.61B $2.13B
Operating Margin 15.6% 22.7% 21.1% 18.9%
Interest Expense $115.0M $117.0M $148.0M
Pretax Income $1.89B $2.73B $2.46B $2.13B
Income Tax Expense $463.0M $519.0M $437.0M $407.0M
Net Income $1.42B $2.21B $2.01B $1.71B
Net Margin 11.1% 17.6% 16.3% 15.2%
EPS (Basic) $2.41 $3.63 $3.22 $2.65
EPS (Diluted) $2.39 $3.59 $3.16 $2.61
Shares Outstanding (Basic) 590.0M 607.0M 625.0M 644.0M
Shares Outstanding (Diluted) 594.0M 614.0M 637.0M 654.0M
Dividends Per Share $1.18 $1.07 $0.91 $0.72
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