BAX FY 2018 Earnings Report — Baxter International Inc. Revenue & Financial Results | Market Cap Arena

Baxter International Inc.BAX

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$11.1B	—	—	—	—
Op. Income	$1.6B	—	—	—	—
Gross Margin	42.9%	—	—	—	—
Net Margin	13.9%	—	—	—	—
EPS (Diluted)	$2.97	—	—	—	—
Free Cash Flow	$1.4B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$11.1B
Cost of Revenue	$6.3B
GROSS PROFIT	$4.8B
R&D Expenses	$654M
Selling & Marketing	$2.6B
General & Administrative	$2.6B
SG&A Expenses	$2.6B
Other Expenses	-$99M
Operating Expenses	$3.2B
Cost & Expenses	$9.5B
OPERATING INCOME	$1.6B
Interest Income	$48M
Interest Expense	$93M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$65M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	-$6M
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$771M
EBIT	$1.7B
EBITDA	$2.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$11.1B
Cost of Revenue	$6.3B
GROSS PROFIT	$4.8B
R&D Expenses	$654M
Selling & Marketing	$2.6B
General & Administrative	$2.6B
SG&A Expenses	$2.6B
Other Expenses	-$99M
Operating Expenses	$3.2B
Cost & Expenses	$9.5B
OPERATING INCOME	$1.6B
Interest Income	$48M
Interest Expense	$93M
Other Income/Expenses	$33M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$65M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	-$6M
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$771M
EBIT	$1.7B
EBITDA	$2.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$771M
Stock-Based Compensation	$115M
Deferred Income Tax	-$263M
Other Non-Cash Items	$96M
Change in Working Capital	-$248M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$659M
Acquisitions (Net)	-$268M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$916M
Net Debt Issuance	$0
Common Stock Repurchased	-$2.5B
Common Dividends Paid	-$376M
Other Financing Activities	$225M
NET CASH FROM FINANCING	-$2.6B
FREE CASH FLOW	$1.4B
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$1.7B
Other Current Assets	$404M
TOTAL CURRENT ASSETS	$6.0B
PP&E (Net)	$4.5B
Goodwill	$3.0B
Intangible Assets	$1.4B
Long-Term Investments	$44M
Tax Assets	$483M
Other Non-Current Assets	$292M
TOTAL NON-CURRENT ASSETS	$9.8B
TOTAL ASSETS	$15.7B
Account Payables	$998M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$576M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$3.5B
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$215M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$7.9B
Common Stock	$683M
Additional Paid-In Capital	$5.9B
Retained Earnings	$15.1B
Treasury Stock	-$10.0B
Accum. Other Comp. Income	-$3.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.8B
Minority Interest	$22M
TOTAL EQUITY	$7.9B
TOTAL LIABILITIES & EQUITY	$15.7B
Total Debt	$3.5B
Net Debt	$1.6B