BAXTER INTERNATIONAL INC
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
BAX$26.42+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Loss
Condensed Consolidated Statements of Loss (unaudited)
(in millions, except per share data)
| Three months endedJune 30, | Six months endedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net sales | $3,812 | $3,707 | $7,404 | $7,220 |
| Cost of sales | 2,381 | 2,596 | 4,586 | 4,834 |
| Gross margin | 1,431 | 1,111 | 2,818 | 2,386 |
| Selling, general and administrative expenses | 1,021 | 964 | 2,048 | 1,959 |
| Research and development expenses | 173 | 165 | 349 | 329 |
| Goodwill impairment | 430 | — | 430 | — |
| Other operating income, net | (1) | (1) | (4) | (14) |
| Operating income (loss) | (192) | (17) | (5) | 112 |
| Interest expense, net | 85 | 124 | 163 | 241 |
| Other (income) expense, net | (20) | 42 | (27) | 40 |
| Loss from continuing operations before income taxes | (257) | (183) | (141) | (169) |
| Income tax expense | 54 | 10 | 131 | 24 |
| Loss from continuing operations | (311) | (193) | (272) | (193) |
| Income from discontinued operations, net of tax | — | 54 | — | 99 |
| Net loss | (311) | (139) | (272) | (94) |
| Net income attributable to noncontrolling interests | 3 | 2 | 5 | 3 |
| Net loss attributable to Baxter stockholders | $(314) | $(141) | $(277) | $(97) |
| Loss from continuing operations per common share | ||||
| Basic | $(0.62) | $(0.39) | $(0.54) | $(0.39) |
| Diluted | $(0.62) | $(0.39) | $(0.54) | $(0.39) |
| Income from discontinued operations per common share | ||||
| Basic | $0.00 | $0.11 | $0.00 | $0.20 |
| Diluted | $0.00 | $0.11 | $0.00 | $0.20 |
| Loss per common share | ||||
| Basic | $(0.62) | $(0.28) | $(0.54) | $(0.19) |
| Diluted | $(0.62) | $(0.28) | $(0.54) | $(0.19) |
| Weighted-average number of shares outstanding | ||||
| Basic | 510 | 506 | 509 | 506 |
| Diluted | 510 | 506 | 509 | 506 |
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