Danaher Cash Flow Statement
NYSE: DHRIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Danaher free cash flow
In fiscal 2025, Danaher generated $6.42 billion of operating cash flow and spent $1.16 billion on capital expenditures. That left free cash flow of $5.26 billion, a free-cash-flow margin of 21.4% of revenue. Free cash flow was down 0.7% from the prior year's $5.30 billion.
Danaher returned $3.97 billion to shareholders: $878.0 million in dividends and $3.09 billion in share repurchases, equal to 75% of free cash flow. Free cash flow covered dividend payments 6.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
Danaher cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 3.61B | 3.90B | 4.76B | 7.21B | 6.43B | 3.65B | 3.01B | 2.65B | 2.49B | 2.55B |
| Net Income growth (YoY) | -7.31% | -18.16% | -33.92% | +12.06% | +76.44% | +21.21% | +13.47% | +6.38% | -2.41% | -23.94% |
| Depreciation & Amortization | 750.00M | 721.00M | 2.17B | 2.13B | 2.06B | 1.77B | 1.19B | 1.18B | 1.12B | 1.13B |
| Stock-Based Compensation | 298.00M | 288.00M | 306.00M | 295.00M | 184.00M | 187.00M | 159.00M | 138.00M | 127.10M | 129.80M |
| Change in Working Capital | -320.00M | 771.00M | 777.00M | -928.00M | -523.00M | -58.00M | -113.00M | 118.00M | -206.20M | -158.00M |
| Operating Cash Flow | 6.42B | 6.69B | 7.16B | 8.52B | 8.36B | 6.21B | 3.95B | 4.02B | 3.48B | 3.52B |
| Capital Expenditures | -1.16B | -1.39B | -1.38B | -1.12B | -1.24B | -791.00M | -636.00M | -584.00M | -570.70M | -589.60M |
| Investing Cash Flow | -1.20B | -1.98B | -7.08B | -2.23B | -12.99B | -21.24B | -1.24B | -2.95B | -843.40M | -5.24B |
| Dividends Paid | -878.00M | -768.00M | -821.00M | -818.00M | -742.00M | -615.00M | -527.00M | -433.00M | -378.30M | -399.80M |
| Share Repurchases | -3.09B | -5.98B | 0 | 0 | — | — | — | — | — | — |
| Debt Issued | — | — | — | — | — | — | 12.11B | 0 | 1.78B | 3.24B |
| Debt Repaid | — | — | — | — | — | — | -1.56B | -507.80M | -668.40M | -2.48B |
| Financing Cash Flow | -2.96B | -8.38B | -273.00M | -2.57B | 1.29B | 1.01B | 16.36B | -797.00M | -3.10B | 2.04B |
| Net Change in Cash | 2.54B | -3.79B | -131.00M | 3.41B | -3.45B | -13.88B | 19.12B | 158.00M | -333.40M | 172.90M |
| Free Cash Flow | 5.26B | 5.30B | 5.78B | 7.40B | 7.12B | 5.42B | 3.32B | 3.44B | 2.91B | 2.93B |
This table shows 10 annual periods of Danaher's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow DHR's reporting calendar. What is a cash flow statement?