Danaher Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.61B | $3.90B | $4.76B | $7.21B | $6.43B | $3.65B | $3.01B | $2.65B |
| Depreciation & Amortization | — | — | $2.17B | $2.13B | $2.06B | $1.78B | $1.19B | $1.18B |
| Depreciation | $750.0M | $721.0M | $675.0M | $698.0M | $674.0M | $637.0M | $564.0M | $562.0M |
| Amortization | $1.70B | $1.63B | $1.49B | $1.43B | $1.39B | $1.14B | $625.0M | $616.0M |
| Stock-Based Compensation | $298.0M | $288.0M | $306.0M | $295.0M | $184.0M | $187.0M | $159.0M | $138.0M |
| Net Cash from Operating Activities | $6.42B | $6.69B | $7.16B | $8.52B | $8.36B | $6.21B | $3.95B | $4.02B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.16B | $1.39B | $1.38B | $1.12B | $1.24B | $791.0M | $636.0M | $584.0M |
| Business Acquisitions | $0 | $558.0M | $5.61B | $582.0M | $10.90B | $20.97B | $331.0M | $2.17B |
| Net Cash from Investing Activities | $-1.20B | $-1.98B | $-7.08B | $-2.23B | $-12.99B | $-21.24B | $-1.24B | $-2.95B |
| Financing Activities | ||||||||
| Dividends Paid | $878.0M | $768.0M | $821.0M | $818.0M | $742.0M | $615.0M | $527.0M | $433.0M |
| Stock Repurchases | $3.09B | $5.98B | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-2.96B | $-8.39B | $-273.0M | $-2.57B | $1.30B | $1.01B | $16.37B | $-797.0M |
| Net Change in Cash | $2.54B | $-3.79B | $-131.0M | $3.41B | $-3.45B | $-13.88B | $19.12B | $157.5M |
| Free Cash Flow | $5.26B | $5.30B | $5.78B | $7.40B | $7.12B | $5.42B | $3.32B | $3.44B |