US-listed companies
BAXTER INTERNATIONAL INC

BAXTER INTERNATIONAL INCBAX

Market cap

$17.9B

P/E ratio

6.4x

Income statement Balance sheet Cash flow

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Net sales	12,843	13,893	14,190	15,259	16,671	9,968	10,163	10,561	11,127	11,362	11,673	12,784	15,113	14,813
Cost of sales	6,885	6,847	6,889	7,664	8,514	5,822	6,053	6,099	6,346	6,601	7,086	7,679	9,716	9,838
Gross margin	5,958	7,046	7,301	7,595	8,157	4,146	4,110	4,462	4,781	4,761	4,587	5,105	5,397	4,975
Selling, General and Administrative Expense	2,907	3,154	3,324	3,681	4,029	3,094	2,739	2,587	2,617	2,535	2,469	2,867	3,887	3,946
Research and Development Expense	915	946	1,156	1,246	1,421	603	647	617	655	595	521	534	605	667
Goodwill impairments	-	-	-	-	-	-	-	-	-	-	-	-	2,812	-
Other operating expense (income), net	-	-	-	-	-	-	-	-	-	141	19	6	-36	28
Operating income (loss)	-	-	-	-	-	449	724	1,258	1,599	1,772	1,616	1,710	-1,943	390
Interest expense, net	-	-	-	-	-	-126	-66	-55	-45	-71	-134	-192	-395	-442
Other (income) expense, net	-159	-83	155	9	-123	105	4,296	14	139	-731	-190	-41	-15	-51
Income (loss) from continuing operations before income taxes	1,890	2,809	2,889	2,549	2,439	428	4,954	1,217	1,693	970	1,292	1,477	-2,353	-103
Income tax (benefit) expense	463	553	563	537	493	35	-12	493	63	-41	182	182	68	-34
Net income (loss)	1,427	2,256	2,326	2,012	-	-	-	-	-	1,011	1,110	1,295	-2,421	2,663
Income (loss) from continuing operations	-	-	-	-	-	-	-	-	-	1,011	1,110	-	-	-69
Net income attributable to noncontrolling interests	7	32	-	-	-	-	-	-	-	10	8	11	12	7
Income from discontinued operations, net of tax	-	-	-	-	551	575	-1	-7	-6	-	-	-	-	2,732
Net income (loss) attributable to Baxter stockholders	1,427	2,256	2,326	2,012	2,497	968	4,965	717	1,624	1,011	1,110	1,295	-2,421	2,663
Net income (loss)	1,427	2,256	2,326	2,012	-	-	-	-	-	1,011	1,110	1,295	-2,421	2,663
Earnings Per Share, Basic	2.41	3.91	4.22	3.7	4.61	1.78	9.09	1.32	3.04	1.97	2.17	2.56	-4.83	5.25
Earnings Per Share, Diluted	2.39	3.88	4.18	3.66	4.56	1.76	9.01	1.29	2.97	1.93	2.13	2.53	-4.83	5.25
Net income attributable to noncontrolling interests	7	32	-	-	-	-	-	-	-	10	8	11	12	7
Net income (loss) attributable to Baxter stockholders	1,427	2,256	2,326	2,012	2,497	968	4,965	717	1,624	1,011	1,110	1,295	-2,421	2,663
Basic (in dollars per share)	-	-	-	-	3.59	0.72	9.1	1.33	3.05	1.97	2.17	-	-	-0.15
Diluted (in dollars per share)	-	-	-	-	3.56	0.72	9.01	1.3	2.99	1.93	2.13	-	-	-0.15
Basic (in dollars per share)	-	-	-	-	-	-	-	-	-	-	-	-	-	5.4
Diluted (in dollars per share)	-	-	-	-	-	-	-	-	-	-	-	-	-	5.4
Earnings Per Share, Basic	2.41	3.91	4.22	3.7	4.61	1.78	9.09	1.32	3.04	1.97	2.17	2.56	-4.83	5.25
Earnings Per Share, Diluted	2.39	3.88	4.18	3.66	4.56	1.76	9.01	1.29	2.97	1.93	2.13	2.53	-4.83	5.25