Baxter International Inc. (BAX) — Financial statements
Income statement, balance sheet, and cash flow for Baxter International Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 11,244↑5.7% | 10,636↑2.7% | 10,360↑3.0% | 10,057↓17.2% | 12,146 | |
| Cost of Revenue | 7,865↑18.2% | 6,652↑7.1% | 6,210↓4.6% | 6,508↓12.4% | 7,426 | |
| Gross Profit | 3,379↓15.2% | 3,984↓4.0% | 4,150↑16.9% | 3,549↓24.8% | 4,720 | |
| Operating Expenses | ||||||
| R&D Expenses | 518↓12.2% | 590↑13.9% | 518↑15.1% | 450↓15.3% | 531 | |
| General & Administrative Expenses | 0.00↓100.0% | 2,967↓24.7% | 3,938↑27.2% | 3,097↑8.9% | 2,845 | |
| Selling & Marketing Expenses | 0.00 | 0.00↑100.0% | -985 | 0.00 | 0.00 | |
| SG&A Expenses | 2,890↓2.6% | 2,967↑0.5% | 2,953↓4.6% | 3,097↑8.9% | 2,845 | |
| Other Expenses | 279↓32.4% | 413↑1575.0% | -28↓101.0% | 2,847↑47550.0% | -6 | |
| Operating Expenses | 3,687↓7.1% | 3,970↑15.3% | 3,443↓46.2% | 6,394↑89.7% | 3,370 | |
| Total Costs & Expenses | 11,552↑8.8% | 10,622↑10.0% | 9,653↓25.2% | 12,902↑19.5% | 10,796 | |
| Operating Results | ||||||
| Operating Income | -308↓2300.0% | 14↓98.0% | 707↑124.9% | -2,845↓310.7% | 1,350 | |
| Depreciation & Amortization | 981↓1.6% | 997↑1.3% | 984↓8.2% | 1,072↑23.6% | 867 | |
| EBITDA | 766↓31.4% | 1,116↓35.6% | 1,734↑198.4% | -1,763↓180.5% | 2,190 | |
| EBIT | -215↓280.7% | 119↓84.1% | 750↑126.5% | -2,835↓314.3% | 1,323 | |
| Interest & Other Income | ||||||
| Net Interest Income | -238↑30.2% | -341↑22.3% | -439↓11.4% | -394↓104.1% | -193 | |
| Interest Income | 52↓22.4% | 67↓2.9% | 69↑263.2% | 19↑35.7% | 14 | |
| Interest Expense | 290↓28.9% | 408↓19.7% | 508↑23.0% | 413↑99.5% | 207 | |
| Non-Operating Income | -93↑11.4% | -105↓144.2% | -43↓330.0% | -10↓137.0% | 27 | |
| Other Income / Expenses | -197↑35.0% | -303↑34.8% | -465↓15.4% | -403↓72.2% | -234 | |
| Income Before Tax | -505↓74.7% | -289↓219.4% | 242↑107.5% | -3,248↓391.0% | 1,116 | |
| Income Tax Expense | 395↑967.6% | 37↓39.3% | 61↑145.2% | -135↓262.7% | 83 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -900↓176.1% | -326↓280.1% | 181↑105.8% | -3,113↓401.4% | 1,033 | |
| Net Income from Discontinued Operations | -57↑81.7% | -312↓112.6% | 2,482↑258.7% | 692↑164.1% | 262 | |
| Net Income | -957↓47.5% | -649↓124.4% | 2,656↑209.2% | -2,433↓289.5% | 1,284 | |
| Bottom-Line Net Income | -900↓38.7% | -649↓124.4% | 2,656↑209.2% | -2,433↓289.5% | 1,284 | |
| EPS (Basic) | -1.75↓37.8% | -1.27↓124.2% | 5.25↑208.7% | -4.83↓288.7% | 2.56 | |
| EPS (Diluted) | -1.75↓37.8% | -1.27↓124.3% | 5.23↑208.3% | -4.83↓290.9% | 2.53 | |
| Weighted Average Shares | 513↑0.6% | 510↑0.8% | 506↑0.4% | 504↑0.4% | 502 | |
| Weighted Average Diluted Shares | 513↑0.6% | 510↑0.8% | 506↑0.4% | 504↓0.8% | 508 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.