Below are the financial statements of Baxter International, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 10,636a | 10,360a | 10,057a |
| Cost of sales | -6,652a | -6,210a | -6,508a |
| Gross margin | 3,984a | 4,150a | 3,549a |
| Selling, general and administrative expenses | -2,967a | -2,953a | -3,097a |
| Research and development expenses | -590a | -518a | -450a |
| Goodwill impairments | -425a | 0a | -2,812a |
| Other operating expense (income), net | -12a | -28a | 35a |
| Operating income (loss) | 14a | 707a | -2,845a |
| Interest expense, net | -341a | -439a | -394a |
| Other (income) expense, net | -38a | 26a | 9a |
| Income (loss) from continuing operations before income taxes | -289a | 242a | -3,248a |
| Income tax (benefit) expense | -37a | -61a | -135a |
| Income (loss) from continuing operations | -326a | 181a | -3,113a |
| Income (loss) from discontinued operations, net of tax | -312a | 2,482a | 692a |
| Net income (loss) | -638a | 2,663a | -2,421a |
| Less: net income attributable to noncontrolling interests included in continuing operations | 0a | 0a | 1a |
| Less: net income attributable to noncontrolling interests included in discontinued operations | 11a | 7a | 11a |
| Net income (loss) attributable to Baxter stockholders | -649a | 2,656a | -2,433a |
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