BAX FY 2012 Earnings Report — Baxter International Inc. Revenue & Financial Results | Market Cap Arena

Baxter International Inc.BAX

FY 2012 Earnings

Reported February 21, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$13.9B	—	—	—	—
Op. Income	$2.8B	—	—	—	—
Gross Margin	51.2%	—	—	—	—
Net Margin	16.7%	—	—	—	—
EPS (Diluted)	$4.18	—	—	—	—
Free Cash Flow	$1.9B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$13.9B
Cost of Revenue	$6.8B
GROSS PROFIT	$7.1B
R&D Expenses	$1.1B
Selling & Marketing	$3.3B
General & Administrative	$3.3B
SG&A Expenses	$3.3B
Other Expenses	-$51M
Operating Expenses	$4.3B
Cost & Expenses	$11.1B
OPERATING INCOME	$2.8B
Interest Income	$26M
Interest Expense	$113M
Other Income/Expenses	$17M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$555M
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$43M
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$712M
EBIT	$3.0B
EBITDA	$3.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$13.9B
Cost of Revenue	$6.8B
GROSS PROFIT	$7.1B
R&D Expenses	$1.1B
Selling & Marketing	$3.3B
General & Administrative	$3.3B
SG&A Expenses	$3.3B
Other Expenses	-$51M
Operating Expenses	$4.3B
Cost & Expenses	$11.1B
OPERATING INCOME	$2.8B
Interest Income	$26M
Interest Expense	$113M
Other Income/Expenses	$17M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$555M
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$43M
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$712M
EBIT	$3.0B
EBITDA	$3.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$2.3B
Depreciation & Amortization	$712M
Stock-Based Compensation	$130M
Deferred Income Tax	-$17M
Other Non-Cash Items	$561M
Change in Working Capital	-$606M
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$408M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$765M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$804M
Other Financing Activities	$404M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$1.9B
Net Change in Cash	$365M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$2.8B
Other Current Assets	$344M
TOTAL CURRENT ASSETS	$9.3B
PP&E (Net)	$6.1B
Goodwill	$2.5B
Intangible Assets	$814M
Long-Term Investments	$0
Tax Assets	$1.2B
Other Non-Current Assets	$560M
TOTAL NON-CURRENT ASSETS	$11.1B
TOTAL ASSETS	$20.4B
Account Payables	$766M
Short-Term Debt	$350M
Deferred Revenue	$878M
Other Current Liabilities	$755M
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$5.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.1B
TOTAL NON-CURRENT LIABILITIES	$8.7B
TOTAL LIABILITIES	$13.4B
Common Stock	$683M
Additional Paid-In Capital	$5.8B
Retained Earnings	$10.9B
Treasury Stock	-$7.6B
Accum. Other Comp. Income	-$2.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.9B
Minority Interest	$40M
TOTAL EQUITY	$7.0B
TOTAL LIABILITIES & EQUITY	$20.4B
Total Debt	$5.9B
Net Debt	$2.7B