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Danaher Corporation cash flow statement

In fiscal 2025, Danaher Corporation's operations generated $6.42bn of cash; it spent $1.16bn on capital projects, leaving free cash flow of $5.26bn. It returned $878m in dividends and $3.09bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1,8012,0842,6263,4153,5853,7583,8023,5223,4784,0223,9526,2088,3588,5197,1646,6886,4166,859
Depreciation and amortisation3323886358408517188811,1281,1171,1781,1891,7752,0622,1322,166721750792
Stock-based pay87889611011085104130127138159187184295306288298329
Capital spending1751913354585384655135905715846367911,2401,1181,3831,3921,1561,132
Free cash flow1,6251,8932,2922,9573,0473,2933,2892,9322,9073,4383,3165,4177,1187,4015,7815,2965,2605,727
Free cash flow after stock pay1,5381,8052,1962,8472,9383,2083,1852,8022,7803,3003,1575,2306,9347,1065,4755,0084,9625,398
Dividends paid42526186522283544003784335276157428188217688781,016
Share buybacks0—064800———————005,9793,088894
Shares issued1741781,113212177133249165001,4431,72900————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Danaher Corporation's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Danaher Corporation.