Danaher 2011 Annual Report Download - page 67
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Table of Contents
Sales $16,090,540 $ 12,550,033 $10,516,681
Cost of sales (7,913,876) (6,145,509) (5,446,584)
Gross profit 8,176,664 6,404,524 5,070,097
Operating costs and other:
Selling, general and administrative expenses (4,607,692) (3,603,658) (3,115,265)
Research and development expenses (1,018,526) (774,014) (600,268)
Earnings from unconsolidated joint venture 66,780 22,768 —
Other income — — 85,118
Operating profit 2,617,226 2,049,620 1,439,682
Non-operating income (expense):
Gain on contribution of businesses to joint venture — 291,037 —
Loss on early extinguishment of debt (32,887) — —
Interest expense (141,637) (117,167) (118,654)
Interest income 5,147 6,069 5,034
Earnings from continuing operations before income taxes 2,447,849 2,229,559 1,326,062
Income taxes (512,562) (511,376) (239,018)
Net earnings from continuing operations 1,935,287 1,718,183 1,087,044
Earnings from discontinued operations, net of income taxes 236,977 74,817 64,660
Net earnings $2,172,264 $1,793,000 $1,151,704
Net earnings per share from continuing operations:
Basic $2.86 $ 2.63 $1.69
Diluted $ 2.77 $ 2.53 $ 1.63
Net earnings per share from discontinued operations:
Basic $0.35 $0.11 $0.10
Diluted $0.34 $0.11 $0.10
Net earnings per share:
Basic $3.21 $2.74 $1.80*
Diluted $3.11 $ 2.64 $1.73
Average common stock and common equivalent shares outstanding:
Basic 676,169 653,194 641,530
Diluted 701,191 683,275 671,484
*Net earnings per share amount does not add due to rounding.
See the accompanying Notes to the Consolidated Financial Statements.
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Source: DANAHER CORP /DE/, 10-K, February 24, 2012 Powered by Morningstar® Document Research℠
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