Income StatementBalance SheetCash FlowSegments
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Danaher Cash Flow Statement

Operating, investing, and financing cash movements

Danaher generated $6.4B in operating cash flow over the trailing twelve months. After $1.1B in capital expenditures, free cash flow was $5.3B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$6.4BNet Cash From Investing (TTM)-$1.2BNet Cash From Financing (TTM)-$6.0BCapital Expenditures (TTM)$1.1BDepreciation And Amortization Cf (TTM)$762.0MNet Change In Cash (TTM)$3.7B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$121.74B
P/E Ratio33.00
ROE7.11%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of intangible assets$408.0M$410.0M$426.0M$433.0M$428.0M$434.0M
Change in accounts payable$205.0M-$61.0M-$50.0M-$23.0M$143.0M-$41.0M
Change in accounts receivable—-$89.0M-$45.0M$199.0M$151.0M-$66.0M
Change in accrued liabilities—-$233.0M-$241.0M$103.0M$412.0M-$322.0M
Change in inventories-$264.0M$166.0M$82.0M——$132.0M
Change in other assets$0.0$32.0M$67.0M—$2.0M$40.0M
Deferred income taxes$120.8M$110.0M$110.0M$110.0M$110.0M—
Depreciation and amortization$187.0M$181.0M$185.0M$189.0M$195.0M$193.0M
Impairment charges$43.0M$15.0M$432.0M$101.0M$14.0M$0.0
Net cash from operating activities$2.0B$1.3B$1.3B$1.7B$2.1B$1.3B
Net income$1.1B$954.0M$555.0M$908.0M$1.2B$1.0B
Amortization of capitalized software and acquired intangible assets$408.0M$410.0M$426.0M$433.0M$428.0M$434.0M
Asset write-downs$43.0M$15.0M$432.0M$101.0M$14.0M$0.0
Depreciation$187.0M$181.0M$185.0M$189.0M$195.0M$193.0M
Increase (Decrease) in Deferred Income Taxes$120.8M$110.0M$110.0M$110.0M$110.0M—
Other current liabilities—-$233.0M-$241.0M$103.0M$412.0M-$322.0M
Increase (Decrease) in Prepaid Expense and Other Assets$0.0$32.0M$67.0M—$2.0M$40.0M
Investment (Gains) Losses And Pretax Gain On Sale Of Product Line—-$81.0M-$44.0M-$15.0M—-$77.0M
Stock-based compensation$57.0M$61.0M$91.0M$83.0M$63.0M$58.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$516.0M$245.0M$248.0M$292.0M$371.0M$237.0M
Payment for (Proceeds from) Other Investing Activity—-$1.0M-$13.0M-$7.0M-$12.0M-$8.0M
Proceeds from disposition of marketable securities and other investments$2.0M$5.0M$5.0M$2.0M$0.0$0.0
Proceeds from sales of investments$0.0$9.0M———$0.0
Proceeds from disposals of property, plant and equipment$1.0M$6.0M$4.0M$0.0$23.0M$0.0
Net cash from investing activities-$694.0M-$242.0M-$258.0M-$312.0M-$384.0M-$249.0M
Other investing activities—-$1.0M-$13.0M-$7.0M-$12.0M-$8.0M
Proceeds from maturities/sales of investments$2.0M$5.0M$5.0M$2.0M$0.0$0.0
Proceeds from sale of property, plant and equipment$1.0M$6.0M$4.0M$0.0$23.0M$0.0
Purchases of investments$143.0M$18.0M$32.0M$29.0M$48.0M$20.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0.0$4.0M——$1.6B$0.0
Repayments of debt$700.0M$0.0$0.0$500.0M$0.0$1.4B
Dividends paid$195.0M$194.0M$229.0M$229.0M$226.0M$226.0M
Proceeds from the issuance of common stock in connection with stock-based compensation, net—-$5.0M$19.0M$25.0M—-$9.0M
Proceeds from debt with original maturities of more than three months$0.0$4.0M——$1.6B$0.0
Distribution from discontinued operations$0.0$0.0$0.0$0.0$0.0—
Other, net-$11.0M$21.0M-$39.0M-$90.0M-$17.0M-$28.0M
Short-term borrowings/(repayments) less than 90 days — net$4.0M-$3.0M—$23.0M-$33.0M$1.7B
Repayments Of Debt Maturing In More Than Three Months$700.0M$0.0$0.0$500.0M$0.0$1.4B
Payment of Deferred Purchase Consideration-$11.0M$21.0M-$39.0M-$90.0M-$17.0M-$28.0M
Noncontrolling interest transactions and other-$11.0M$21.0M-$39.0M-$90.0M-$17.0M-$28.0M
Net cash from financing activities-$1.7B-$1.3B-$247.0M-$2.8B—$46.0M
Other financing activities-$11.0M$21.0M-$39.0M-$90.0M-$17.0M-$28.0M
Noncontrolling Interests Activity and Other-$11.0M$21.0M-$39.0M-$90.0M-$17.0M-$28.0M
Repurchases of common stock$809.0M$1.1B—$2.0B—$0.0
Net change in short-term borrowings$4.0M-$3.0M—$23.0M-$33.0M$1.7B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.5B$1.1B$1.1B$1.4B$1.7B$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$182.0M$113.0M$131.0M$2.0M$32.0M-$33.0M
Net increase (decrease) in cash-$549.0M-$85.0M$964.0M-$1.4B$3.1B$1.1B
Investment (Gains) Losses, Pretax Gain On Sale Of Product Line And Other-$14.3M-$57.0M-$57.0M-$57.0M-$57.0M—

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid—$201.0M$330.0M$277.0M—$191.0M
Interest paid—$63.0M$86.0M$82.0M—$28.0M
Income Taxes Paid, Net—$201.0M$330.0M$277.0M—$191.0M
Noncash, Separation Of Subsidiary, Distribution of Assets (Liabilities) Net$0.0$0.0$0.0$0.0$0.0—