Danaher Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.33B | $16.88B | $14.43B | $12.87B | $18.28B | $18.26B | $16.09B | $12.55B |
| Cost of Revenue | $6.95B | $7.55B | $6.66B | $6.02B | $8.94B | $8.85B | $7.91B | $6.15B |
| Gross Profit | $8.57B | $9.33B | $7.77B | $6.85B | $9.34B | $9.41B | $8.18B | $6.40B |
| Gross Margin | 46.8% | 55.3% | 53.8% | 53.2% | 51.1% | 51.6% | 50.8% | 51.0% |
| Operating Expenses | ||||||||
| Research & Development | $956.4M | $975.1M | $861.4M | $769.4M | $1.10B | $1.14B | $1.02B | $774.0M |
| SG&A Expense | $5.04B | $5.62B | $4.75B | $4.04B | $5.12B | $5.18B | $4.61B | $3.60B |
| Operating Income | $2.57B | $2.74B | $2.16B | $2.05B | $3.12B | $3.17B | $2.62B | $2.05B |
| Operating Margin | 14.0% | 16.2% | 15.0% | 15.9% | 17.1% | 17.3% | 16.3% | 16.3% |
| Interest Expense | $140.1M | $184.4M | $139.8M | $94.7M | $141.2M | $157.5M | $141.6M | $117.1M |
| Pretax Income | $2.54B | $2.61B | $2.04B | $2.09B | $3.42B | $3.01B | $2.45B | $2.23B |
| Income Tax Expense | $371.0M | $457.9M | $292.7M | $447.5M | $825.7M | $711.5M | $512.5M | $511.4M |
| Net Income | $2.49B | $2.55B | $3.36B | $2.60B | $2.70B | $2.39B | $2.17B | $1.79B |
| Net Margin | 13.6% | 15.1% | 23.3% | 20.2% | 14.7% | 13.1% | 13.5% | 14.3% |
| EPS (Basic) | $3.58 | $3.69 | $4.81 | $3.70 | $3.87 | $3.45 | $3.21 | $2.74 |
| EPS (Diluted) | $3.53 | $3.65 | $4.74 | $3.63 | $3.80 | $3.36 | $3.11 | $2.64 |
| Shares Outstanding (Basic) | 695.8M | 691.2M | 698.1M | 702.2M | 696.0M | 693.4M | 676.2M | 653.2M |
| Shares Outstanding (Diluted) | 706.1M | 699.8M | 708.5M | 716.1M | 711.0M | 713.1M | 701.2M | 683.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |