Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Danaher Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 31, 2025	Sep 26, 2025	Jun 27, 2025	Mar 28, 2025	Dec 31, 2024	Sep 27, 2024	Jun 28, 2024	Mar 29, 2024	Dec 31, 2023	Sep 29, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jul 1, 2022	Apr 1, 2022	Dec 31, 2021	Oct 1, 2021	Jul 2, 2021	Apr 2, 2021
Cash and equivalents	4,615)	1,528)	2,957)	1,993)	2,078)	2,627)	2,374)	7,031)	5,864)	12,277)	8,575)	7,379)	5,995)	5,150)	3,984)	3,717)	2,586)	2,552)	7,322)	6,330)
Trade accounts receivable, less allowance for doubtful accounts	3,913)	3,755)	3,564)	3,506)	3,537)	3,507)	3,298)	3,379)	3,922)	4,201)	4,199)	4,313)	4,918)	4,409)	4,527)	4,407)	4,631)	4,194)	4,103)	3,949)
Finished goods	1,287)	1,373)	1,383)	1,272)	1,145)	1,353)	1,352)	1,296)	1,282)	1,447)	1,520)	1,620)	1,504)	1,578)	1,608)	1,493)	1,343)	1,367)	1,300)	1,269)
Work in process	469)	526)	525)	517)	465)	498)	491)	509)	459)	497)	528)	542)	473)	519)	530)	530)	473)	465)	433)	407)
Raw materials	733)	775)	781)	743)	720)	827)	828)	840)	853)	1,080)	1,135)	1,221)	1,133)	1,139)	1,119)	1,049)	951)	905)	814)	748)
Inventories	2,489)	2,674)	2,689)	2,532)	2,330)	2,678)	2,671)	2,645)	2,594)	3,024)	3,183)	3,383)	3,110)	3,236)	3,257)	3,072)	2,767)	2,737)	2,547)	2,424)
Prepaid expenses and other current assets	1,739)	1,649)	1,789)	1,494)	1,552)	1,248)	1,266)	1,317)	1,557)	1,703)	1,504)	1,457)	1,860)	1,455)	1,461)	1,474)	1,664)	1,293)	1,420)	1,309)
Current assets	12,756)	9,606)	10,999)	9,525)	9,497)	10,060)	9,609)	14,372)	13,937)	21,205)	17,461)	16,532)	15,883)	14,250)	13,229)	12,670)	11,648)	10,776)	15,392)	14,012)
Property, plant and equipment, net of accumulated depreciation	5,531)	5,376)	5,309)	5,110)	4,990)	4,843)	4,643)	4,562)	4,553)	4,302)	4,176)	4,065)	3,956)	3,719)	3,794)	3,815)	3,790)	3,640)	3,410)	3,266)
Other long-term assets	4,209)	3,870)	3,692)	3,939)	3,990)	3,685)	3,953)	3,734)	3,644)	4,286)	4,372)	4,611)	4,459)	4,846)	4,600)	4,098)	3,719)	3,470)	3,118)	2,875)
Goodwill	43,151)	42,948)	42,991)	41,657)	40,497)	42,173)	40,805)	40,846)	41,608)	39,155)	39,576)	39,856)	39,752)	38,251)	39,276)	40,663)	41,184)	41,237)	35,590)	34,880)
Other intangible assets, net	17,817)	18,097)	18,629)	18,885)	18,568)	19,854)	19,545)	19,888)	20,746)	18,786)	19,317)	19,976)	20,300)	19,964)	20,907)	22,146)	22,843)	23,375)	20,517)	20,393)
Long-term assets	70,708)	70,291)	70,621)	69,591)	68,045)	70,555)	68,946)	69,030)	70,551)	66,529)	67,441)	68,508)	68,467)	66,780)	68,577)	70,722)	71,536)	71,722)	62,635)	61,414)
Total assets	83,464)	79,897)	81,620)	79,116)	77,542)	80,615)	78,555)	83,402)	84,488)	87,734)	84,902)	85,040)	84,350)	81,030)	81,806)	83,392)	83,184)	82,498)	78,027)	75,426)

An examination of the asset composition reveals several noteworthy trends over the observed period. Current assets experienced considerable fluctuation, peaking in the September 2023 quarter before declining. Long-term assets, while also exhibiting variability, generally remained at a higher level than current assets throughout the period. A significant portion of the company’s assets is consistently allocated to goodwill and other intangible assets.

Cash and Equivalents: Cash and equivalents demonstrated substantial volatility. A peak was observed in June 2023, followed by a significant decrease in the subsequent quarter. Throughout 2024 and into the first half of 2025, cash levels remained comparatively lower, with a slight increase observed in the later quarters. This suggests active cash management or significant capital deployment activities.
Accounts Receivable: Trade accounts receivable remained relatively stable between approximately US$3.3 billion and US$4.9 billion throughout the period. A slight downward trend is observable in the later quarters of the observed period, potentially indicating improved collection efficiency or a decrease in sales on credit.
Inventory: Total inventories showed a general decline from a peak in the October 2021 to December 2021 timeframe. While fluctuations occurred, inventories generally trended downward, particularly in the latter half of the period. This could be attributed to improved inventory management practices or decreased production levels. Finished goods, work in process, and raw materials all contributed to this overall trend.
Prepaid Expenses and Other Current Assets: Prepaid expenses and other current assets exhibited moderate fluctuations, generally increasing through 2022 and then stabilizing in 2023 and 2024. A slight increase is observed in the later quarters of 2025.
Long-Term Assets – Property, Plant & Equipment: Net property, plant, and equipment showed a consistent, albeit gradual, increase throughout the period, indicating ongoing investment in fixed assets. The increases were relatively modest, suggesting a measured approach to capital expenditure.
Long-Term Assets – Goodwill & Intangibles: Goodwill and other intangible assets represent a substantial portion of the company’s long-term assets. Goodwill remained relatively stable, with some fluctuations, while other intangible assets also showed moderate variability. These assets collectively constitute a significant component of the company’s overall asset base.
Total Assets: Total assets experienced a peak in the September 2023 quarter, followed by a decline through the end of 2024. A slight recovery is observed in the first half of 2025. The fluctuations in total assets largely mirror the trends observed in current assets and long-term assets, particularly the impact of cash and equivalents.

Overall, the asset composition demonstrates a dynamic pattern, with significant fluctuations in current assets, particularly cash and equivalents, and a relatively stable base of long-term assets dominated by goodwill and intangible assets. The observed trends suggest active asset management and potential strategic shifts in capital allocation.

Danaher Corp. (NYSE:DHR)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Danaher Corp. (NYSE:DHR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data