Baxter International

Health Care Health Care Equipment Deerfield, Illinois Last filing Feb 12, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$2.0B	$1.8B	$3.1B	$1.7B	$3.0B
BS Assets Short Term Invest	$15.0M	$0	$0	$0	$0
BS Assets Accts Receivable	$1.9B	$1.7B	$2.7B	$2.7B	$2.6B
BS Assets Inventory	$2.2B	$2.0B	$2.8B	$2.7B	$2.5B
BS Assets Prepaid Expenses	$813.0M	$753.0M	$892.0M	$916.0M	$839.0M
BS Assets Total Current	$6.9B	$8.9B	$9.6B	$8.0B	$8.9B
BS Assets PPE	$2.9B	$2.9B	$4.4B	$5.0B	$5.2B
BS Assets Op Lease ROU	$276.0M	$306.0M	$524.0M	$550.0M	$630.0M
BS Assets Goodwill	$4.9B	$5.3B	$6.5B	$6.8B	$9.8B
BS Assets Intangible Assets	$4.4B	$5.2B	$6.1B	$6.8B	$7.8B
BS Assets Other Noncurrent	$699.0M	$755.0M	$1.1B	$1.1B	$1.2B
BS Assets Total	$20.1B	$25.8B	$28.3B	$28.3B	$33.5B
BS Liab Accts Payable	$999.0M	$968.0M	$1.2B	$1.1B	$1.2B
BS Liab Accrued Liab	$2.0B	$1.9B	$2.6B	$2.2B	$2.5B
BS Liab Current Debt	$1.0M	$2.1B	$0	$299.0M	$301.0M
BS Liab Other Current	$1.3B	$1.1B	$1.7B	$2.0B	$2.5B
BS Liab Total Current	$3.0B	$6.5B	$6.5B	$4.7B	$4.2B
BS Liab Op Lease Noncurrent	$223.0M	$243.0M	$438.0M	$456.0M	$522.0M
BS Liab Other Noncurrent	$1.3B	$1.1B	$1.7B	$2.0B	$2.5B
BS Liab Total	$14.0B	$18.8B	$19.8B	$22.4B	$24.4B
BS Equity Preferred Stock	$0	$0	$0	$0	$0
BS Equity Common Stock	$683.0M	$683.0M	$683.0M	$683.0M	$683.0M
BS Equity APIC	$6.4B	$6.4B	$6.4B	$6.3B	$6.2B
BS Equity Retained Earnings	$13.7B	$14.9B	$16.1B	$14.1B	$17.1B
BS Equity Treasury Stock	$10.9B	$11.1B	$11.2B	$32.0M	$11.5B
BS Equity AOCI	$-3.8B	$-4.0B	$-3.6B	$-3.8B	$-3.4B
BS Equity NCI	$-27.0M	$60.0M	$66.0M	$62.0M	$44.0M
BS Equity Total	$6.1B	$7.0B	$8.4B	$5.8B	$9.1B
BS Equity Total Liab and Equity	$20.1B	$25.8B	$28.3B	$28.3B	$33.5B

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $11.2B

Operating income $-308.0M

Net income $-957.0M

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$11.2B	$10.6B	$10.4B	$10.1B	$12.1B
IS Expense COGS	$7.9B	$6.7B	$6.2B	$6.5B	$7.4B
IS Expense Rn D	$518.0M	$590.0M	$518.0M	$450.0M	$531.0M
IS Expense SGA	$2.9B	$3.0B	$3.0B	$3.1B	$2.8B
IS Expense DA	$981.0M	$997.0M	$984.0M	$1.1B	$867.0M
IS Expense SBC	$117.0M	$114.0M	$115.0M	$140.0M	$146.0M
IS Expense Restructuring	$162.0M	$146.0M	$141.0M	$144.0M	$91.0M
IS Gross Profit	$3.4B	$4.0B	$4.2B	$3.5B	$4.7B
IS Operating Income	$-308.0M	$14.0M	$707.0M	$-2.8B	$1.4B
IS Interest Income	$52.0M	$67.0M	$69.0M	$19.0M	$14.0M
IS Interest Expense	$290.0M	$408.0M	$508.0M	$413.0M	$207.0M
IS Other Nonop Inc Exp	$41.0M	$38.0M	$-26.0M	$-9.0M	$-41.0M
IS Pre Tax Income	$-505.0M	$-289.0M	$242.0M	$-3.2B	$1.1B
IS Tax Expense	$395.0M	$37.0M	$61.0M	$-135.0M	$83.0M
IS net Income	$-957.0M	$-649.0M	$2.7B	$-2.4B	$1.3B
IS Comprehensive Income	$-701.0M	$-1.1B	$2.9B	$-2.9B	$1.2B
IS EPS Basic	$-2	$-1	$5	$-5	$3
IS EPS Diluted	$-2	$-1	$5	$-5	$3
IS Shares Basic	$513.0M	$510.0M	$506.0M	$504.0M	$502.0M
IS Shares Diluted	$513.0M	$510.0M	$508.0M	$504.0M	$508.0M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$-957.0M	$-649.0M	$2.7B	$-2.4B	$1.3B
CF Ops DA	$383.0M	$372.0M	$394.0M	$393.0M	$569.0M
CF Ops SBC	$117.0M	$114.0M	$115.0M	$140.0M	$146.0M
CF Ops Deferred Tax	$77.0M	$-262.0M	$-256.0M	$-260.0M	$-161.0M
CF Ops Working Capital	$182.0M	$473.0M	$303.0M	$-50.0M	$445.0M
CF Ops Other	$-81.0M	$-31.0M	$-13.0M	$-91.0M	$-137.0M
CF Ops net Cash	$845.0M	$1.0B	$1.7B	$1.2B	$2.2B
CF Inv Acquisitions	$9.0M	$14.0M	$4.0M	$258.0M	$10.5B
CF Inv Proceeds Investments	$0	$34.0M	$0	$0	—
CF Inv Other	$-58.0M	$-16.0M	$-26.0M	$-11.0M	$-45.0M
CF Inv net Cash	$2.8B	$-626.0M	$3.2B	$-931.0M	$-11.2B
CF Fin Debt Issuance	$2.0B	$0	$0	$0	$11.9B
CF Fin Debt Repayment	$5.5B	$2.7B	$2.6B	$954.0M	$2.8B
CF Fin Dividends	$348.0M	$590.0M	$586.0M	$573.0M	$530.0M
CF Fin Stock Issuance	$30.0M	$71.0M	$95.0M	$127.0M	$187.0M
CF Fin Other	$-57.0M	$-31.0M	$-63.0M	$-61.0M	$-40.0M
CF Fin net Cash	$-4.2B	$-1.1B	$-3.5B	$-1.4B	$8.2B
CF net Change	$-446.0M	$-784.0M	$1.5B	$-1.2B	$-780.0M
CF Cash Begin	$2.0B	$1.8B	$3.1B	$1.7B	$3.0B
CF Cash End	$2.0B	$1.8B	$3.1B	$1.7B	$3.0B

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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