丹纳赫 2025年季度报告

FORM10-Q For the quarterly period endedMarch28, 2025 DANAHER CORPORATION (Exact name of registrant as specified in its charter) 59-1995548(I.R.S. Employer Identification Number)20037-1701(Zip Code) (State of Incorporation)2200 Pennsylvania Avenue, N.W., Suite 800WWashington,DC Title of each class Common stock, $0.01 par value0.200% Senior Notes due 20262.100% Senior Notes due 20261.200% Senior Notes due 20270.450% Senior Notes due 20282.500% Senior Notes due 20300.750% Senior Notes due 2031 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller The number of shares of common stock outstanding at April16, 2025 was715,669,594. PARTI-FINANCIAL INFORMATION Item1.Financial StatementsConsolidated Condensed Balance Sheets1Consolidated Condensed Statements of Earnings2Consolidated Condensed Statements of Comprehensive Income3Consolidated Condensed Statements of Stockholders’ Equity4Consolidated Condensed Statements of Cash Flows5Notes to Consolidated Condensed Financial Statements6Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item3.Quantitative and Qualitative Disclosures About Market Risk32Item4.Controls and Procedures32PARTII-OTHER INFORMATIONItem1.Legal Proceedings33Item1A.Risk Factors33Item2.Unregistered Sales of Equity Securities and Use of Proceeds33Item 5.Other Information34Item6.Exhibits35Signatures36 DANAHER CORPORATION AND SUBSIDIARIESCONSOLIDATED CONDENSED BALANCE SHEETS($ in millions, except per share amount) DANAHER CORPORATION AND SUBSIDIARIESCONSOLIDATED CONDENSED STATEMENTS OF EARNINGS($ and shares in millions, except per share amounts)(unaudited) DANAHER CORPORATION AND SUBSIDIARIESCONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME DANAHER CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS NOTE 1.GENERAL The Consolidated Condensed Financial Statements included herein have been prepared by Danaher Corporation (“Danaher” orthe “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In thisquarterly report, the terms “Danaher” or the “Company” refer to Danaher Corporation, Danaher Corporation and its consolidatedsubsidiaries, or the consolidated subsidiaries of Danaher Corporation, as the context requires. Certain information and footnotedisclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in In the opinion of the Company, the accompanying financial statements contain all adjustments (consisting of only normalrecurring accruals) necessary to present fairly the financial position of the Company as of March28, 2025 and December31, There have been no changes to the Company’s significant accounting policies described in the Company’s 2024 Annual Reportthat have a material impact on the Company’s Consolidated Condensed Financial Statements and the related Notes. Accounting Standards Recently Adopted—In November 2023, the Financial Accounting Standards Board (“FASB”) issuedAccounting Standards Update (“ASU”) 2023-07,Improvements to Reportable Segment Disclosures. The ASU requires additionaldisclosures about reportable segments’ significant expenses on an interim and annual basis. The Company adopted the ASU In December 2023, the FASB issued ASU 2023-09,Improvements to Income Tax Disclosures.The ASU expands disclosures inthe income tax rate reconciliations table and cash taxes paid. The Company adopted the ASU effective January 1, 2025. Thisaccounting standard will increase the tax disclosures in the Company’s annual reporting but will have no impact on reported Accounting Standards Not Yet Adopted—In November 2024, the FASB issued ASU 2024-03,Disaggregation of IncomeStatement Expenses. The ASU requires disclosure of disaggregated information about certain income statement expenses,including specific expense categories. The ASU is effective for annual periods beginning after December 15, 2026 and for Prepaid Expenses and Other Current Assets—Prepaid expenses and other current assets primarily result from advancepayments to vendors for goods and services which are capitalized until the related goods are received or services are performedan