
Baxter International Inc
NYSE:BAX

Income Statement
Earnings Waterfall
Baxter International Inc
Revenue
|
10.6B
USD
|
Cost of Revenue
|
-6.6B
USD
|
Gross Profit
|
4B
USD
|
Operating Expenses
|
-3.4B
USD
|
Operating Income
|
689m
USD
|
Other Expenses
|
-1.3B
USD
|
Net Income
|
-649m
USD
|
Income Statement
Baxter International Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
10 719
N/A
|
9 274
-13%
|
10 376
+12%
|
10 154
-2%
|
9 968
-2%
|
9 940
0%
|
10 050
+1%
|
10 121
+1%
|
10 163
+0%
|
10 263
+1%
|
10 283
+0%
|
10 432
+1%
|
10 584
+1%
|
10 801
+2%
|
11 009
+2%
|
11 063
+0%
|
11 099
+0%
|
11 045
0%
|
11 066
+0%
|
11 156
+1%
|
11 362
+2%
|
11 526
+1%
|
11 410
-1%
|
11 531
+1%
|
11 673
+1%
|
11 817
+1%
|
12 197
+3%
|
12 451
+2%
|
12 784
+3%
|
12 758
0%
|
13 254
+4%
|
13 637
+3%
|
15 113
+11%
|
14 461
-4%
|
14 574
+1%
|
14 673
+1%
|
10 360
-29%
|
14 892
+44%
|
14 997
+1%
|
13 988
-7%
|
10 636
-24%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(6 191)
|
(5 611)
|
(6 062)
|
(5 984)
|
(5 832)
|
(5 856)
|
(6 012)
|
(6 061)
|
(5 929)
|
(5 950)
|
(5 810)
|
(5 900)
|
(6 083)
|
(6 223)
|
(6 340)
|
(6 276)
|
(6 305)
|
(6 297)
|
(6 388)
|
(6 487)
|
(6 541)
|
(6 638)
|
(6 630)
|
(6 790)
|
(7 038)
|
(7 188)
|
(7 371)
|
(7 482)
|
(7 626)
|
(7 886)
|
(8 249)
|
(8 916)
|
(9 690)
|
(9 326)
|
(9 437)
|
(9 454)
|
(6 180)
|
(9 484)
|
(9 526)
|
(8 625)
|
(6 590)
|
|
Gross Profit |
4 528
N/A
|
3 663
-19%
|
4 314
+18%
|
4 170
-3%
|
4 136
-1%
|
4 084
-1%
|
4 038
-1%
|
4 060
+1%
|
4 234
+4%
|
4 313
+2%
|
4 473
+4%
|
4 532
+1%
|
4 501
-1%
|
4 578
+2%
|
4 669
+2%
|
4 787
+3%
|
4 794
+0%
|
4 748
-1%
|
4 678
-1%
|
4 669
0%
|
4 821
+3%
|
4 888
+1%
|
4 780
-2%
|
4 741
-1%
|
4 635
-2%
|
4 629
0%
|
4 826
+4%
|
4 969
+3%
|
5 158
+4%
|
4 872
-6%
|
5 005
+3%
|
4 721
-6%
|
5 423
+15%
|
5 135
-5%
|
5 137
+0%
|
5 219
+2%
|
4 180
-20%
|
5 408
+29%
|
5 471
+1%
|
5 363
-2%
|
4 046
-25%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(3 790)
|
(3 510)
|
(3 683)
|
(3 568)
|
(3 434)
|
(3 299)
|
(3 219)
|
(3 116)
|
(2 898)
|
(2 864)
|
(2 803)
|
(2 865)
|
(2 980)
|
(3 244)
|
(3 272)
|
(3 028)
|
(2 977)
|
(3 192)
|
(3 149)
|
(2 993)
|
(2 905)
|
(3 005)
|
(2 897)
|
(2 832)
|
(2 853)
|
(2 835)
|
(2 927)
|
(3 023)
|
(3 148)
|
(3 382)
|
(3 635)
|
(3 845)
|
(4 211)
|
(3 987)
|
(3 987)
|
(4 003)
|
(3 189)
|
(4 164)
|
(4 231)
|
(4 914)
|
(3 357)
|
|
Selling, General & Administrative |
(3 182)
|
(3 037)
|
(3 087)
|
(2 972)
|
(2 832)
|
(2 704)
|
(2 625)
|
(2 566)
|
(2 370)
|
(2 330)
|
(2 265)
|
(2 282)
|
(2 419)
|
(2 498)
|
(2 576)
|
(2 531)
|
(2 387)
|
(2 448)
|
(2 413)
|
(2 442)
|
(2 397)
|
(2 441)
|
(2 374)
|
(2 316)
|
(2 357)
|
(2 336)
|
(2 410)
|
(2 498)
|
(2 619)
|
(2 726)
|
(2 889)
|
(3 023)
|
(3 609)
|
(3 136)
|
(3 148)
|
(3 157)
|
(2 475)
|
(3 303)
|
(3 361)
|
(3 330)
|
(2 603)
|
|
Research & Development |
(608)
|
(473)
|
(596)
|
(596)
|
(602)
|
(595)
|
(594)
|
(550)
|
(502)
|
(534)
|
(538)
|
(583)
|
(617)
|
(629)
|
(647)
|
(642)
|
(599)
|
(610)
|
(604)
|
(588)
|
(508)
|
(568)
|
(523)
|
(516)
|
(496)
|
(502)
|
(520)
|
(528)
|
(529)
|
(550)
|
(559)
|
(577)
|
(602)
|
(607)
|
(624)
|
(638)
|
(508)
|
(658)
|
(669)
|
(637)
|
(560)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(106)
|
(187)
|
(245)
|
0
|
(244)
|
(215)
|
(208)
|
(207)
|
(207)
|
(207)
|
0
|
(206)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
56
|
(117)
|
(49)
|
145
|
9
|
(134)
|
(132)
|
37
|
0
|
4
|
0
|
0
|
0
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
4
|
6
|
(947)
|
12
|
|
Operating Income |
738
N/A
|
153
-79%
|
631
+312%
|
602
-5%
|
702
+17%
|
785
+12%
|
819
+4%
|
944
+15%
|
1 336
+42%
|
1 449
+8%
|
1 670
+15%
|
1 667
0%
|
1 521
-9%
|
1 334
-12%
|
1 397
+5%
|
1 759
+26%
|
1 817
+3%
|
1 556
-14%
|
1 529
-2%
|
1 676
+10%
|
1 916
+14%
|
1 883
-2%
|
1 883
N/A
|
1 909
+1%
|
1 782
-7%
|
1 794
+1%
|
1 899
+6%
|
1 946
+2%
|
2 010
+3%
|
1 490
-26%
|
1 370
-8%
|
876
-36%
|
1 212
+38%
|
1 148
-5%
|
1 150
+0%
|
1 216
+6%
|
991
-19%
|
1 244
+26%
|
1 240
0%
|
449
-64%
|
689
+53%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(146)
|
(153)
|
(148)
|
(148)
|
(106)
|
(102)
|
(51)
|
(29)
|
(22)
|
(16)
|
(6)
|
(8)
|
(152)
|
(147)
|
(134)
|
(124)
|
(28)
|
28
|
(22)
|
(77)
|
(124)
|
(125)
|
(136)
|
(151)
|
(170)
|
(169)
|
(156)
|
(135)
|
(170)
|
(212)
|
(245)
|
(376)
|
(400)
|
(505)
|
(596)
|
(562)
|
(485)
|
(449)
|
(377)
|
(326)
|
(363)
|
|
Non-Reccuring Items |
(107)
|
(85)
|
(102)
|
(328)
|
(380)
|
2 719
|
3 866
|
3 913
|
3 643
|
553
|
(570)
|
(401)
|
(268)
|
0
|
0
|
(280)
|
(210)
|
0
|
0
|
(26)
|
(899)
|
(840)
|
(859)
|
(918)
|
(322)
|
(353)
|
(365)
|
(387)
|
(355)
|
(502)
|
(531)
|
(3 412)
|
(3 306)
|
(3 322)
|
(3 639)
|
(876)
|
(318)
|
(849)
|
(997)
|
0
|
(675)
|
|
Total Other Income |
5
|
70
|
186
|
206
|
212
|
207
|
85
|
52
|
(3)
|
(33)
|
(53)
|
(55)
|
(1)
|
13
|
35
|
25
|
38
|
(9)
|
(10)
|
33
|
77
|
44
|
37
|
19
|
2
|
(7)
|
(10)
|
(20)
|
(8)
|
3
|
12
|
22
|
141
|
29
|
33
|
43
|
54
|
53
|
59
|
43
|
60
|
|
Pre-Tax Income |
490
N/A
|
(15)
N/A
|
567
N/A
|
332
-41%
|
428
+29%
|
3 609
+743%
|
4 719
+31%
|
4 880
+3%
|
4 954
+2%
|
1 953
-61%
|
1 041
-47%
|
1 203
+16%
|
1 100
-9%
|
1 200
+9%
|
1 298
+8%
|
1 380
+6%
|
1 617
+17%
|
1 575
-3%
|
1 497
-5%
|
1 606
+7%
|
970
-40%
|
962
-1%
|
925
-4%
|
859
-7%
|
1 292
+50%
|
1 265
-2%
|
1 368
+8%
|
1 404
+3%
|
1 477
+5%
|
779
-47%
|
606
-22%
|
(2 890)
N/A
|
(2 353)
+19%
|
(2 650)
-13%
|
(3 052)
-15%
|
(179)
+94%
|
242
N/A
|
(1)
N/A
|
(75)
-7 400%
|
166
N/A
|
(289)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(33)
|
99
|
(57)
|
5
|
(35)
|
37
|
65
|
29
|
12
|
(101)
|
(137)
|
(178)
|
94
|
95
|
74
|
62
|
(272)
|
(262)
|
(212)
|
(280)
|
(153)
|
(154)
|
(183)
|
(117)
|
(182)
|
(188)
|
(237)
|
(180)
|
(182)
|
(38)
|
19
|
72
|
(68)
|
(12)
|
12
|
181
|
(61)
|
(29)
|
(73)
|
(304)
|
(37)
|
|
Income from Continuing Operations |
457
|
84
|
510
|
337
|
393
|
3 646
|
4 784
|
4 909
|
4 966
|
1 852
|
904
|
1 025
|
1 194
|
1 295
|
1 372
|
1 442
|
1 345
|
1 313
|
1 285
|
1 326
|
817
|
808
|
742
|
742
|
1 110
|
1 077
|
1 131
|
1 224
|
1 295
|
741
|
625
|
(2 818)
|
(2 421)
|
(2 662)
|
(3 040)
|
2
|
181
|
(30)
|
(148)
|
(138)
|
(326)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(10)
|
(11)
|
(12)
|
(9)
|
(8)
|
(9)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(10)
|
(10)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
|
Net Income (Common) |
2 497
N/A
|
2 371
-5%
|
2 183
-8%
|
1 716
-21%
|
968
-44%
|
3 918
+305%
|
4 798
+22%
|
4 927
+3%
|
4 965
+1%
|
1 857
-63%
|
910
-51%
|
1 031
+13%
|
602
-42%
|
712
+18%
|
788
+11%
|
1 055
+34%
|
1 546
+47%
|
1 506
-3%
|
1 478
-2%
|
1 329
-10%
|
1 001
-25%
|
991
-1%
|
924
-7%
|
911
-1%
|
1 102
+21%
|
1 068
-3%
|
1 120
+5%
|
1 214
+8%
|
1 284
+6%
|
1 057
-18%
|
1 011
-4%
|
(2 376)
N/A
|
(2 433)
-2%
|
(2 460)
-1%
|
(2 853)
-16%
|
2 592
N/A
|
2 656
+2%
|
2 649
0%
|
2 476
-7%
|
108
-96%
|
(649)
N/A
|
|
EPS (Diluted) |
4.59
N/A
|
4.32
-6%
|
3.97
-8%
|
3.12
-21%
|
1.76
-44%
|
7.09
+303%
|
8.66
+22%
|
8.94
+3%
|
9.01
+1%
|
3.35
-63%
|
1.64
-51%
|
1.86
+13%
|
1.08
-42%
|
1.29
+19%
|
1.46
+13%
|
1.93
+32%
|
2.83
+47%
|
2.88
+2%
|
2.84
-1%
|
2.55
-10%
|
1.92
-25%
|
1.92
N/A
|
1.78
-7%
|
1.75
-2%
|
2.13
+22%
|
2.09
-2%
|
2.2
+5%
|
2.38
+8%
|
2.53
+6%
|
2.08
-18%
|
1.99
-4%
|
-4.71
N/A
|
-4.83
-3%
|
-4.86
-1%
|
-5.63
-16%
|
5.09
N/A
|
5.22
+3%
|
5.19
-1%
|
4.85
-7%
|
0.21
-96%
|
-1.27
N/A
|