BAXTER INTERNATIONAL INC
For the period ended Mar 31, 2024. Filed May 2, 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.
Mar 31, 2024 · Filed May 2, 2024
BAX$26.42+0.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income (unaudited)
(in millions, except per share data)
| Three months endedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net sales | $3,592 | $3,513 |
| Cost of sales | 2,205 | 2,238 |
| Gross margin | 1,387 | 1,275 |
| Selling, general and administrative expenses | 1,027 | 995 |
| Research and development expenses | 176 | 164 |
| Other operating income, net | (3) | (13) |
| Operating income | 187 | 129 |
| Interest expense, net | 78 | 117 |
| Other income, net | (7) | (2) |
| Income from continuing operations before income taxes | 116 | 14 |
| Income tax expense | 77 | 14 |
| Income from continuing operations | 39 | — |
| Income from discontinued operations, net of tax | — | 45 |
| Net income | 39 | 45 |
| Net income attributable to noncontrolling interests | 2 | 1 |
| Net income attributable to Baxter stockholders | $37 | $44 |
| Income from continuing operations per common share | ||
| Basic | $0.07 | $0.00 |
| Diluted | $0.07 | $0.00 |
| Income from discontinued operations per common share | ||
| Basic | $0.00 | $0.09 |
| Diluted | $0.00 | $0.09 |
| Net income per common share | ||
| Basic | $0.07 | $0.09 |
| Diluted | $0.07 | $0.09 |
| Weighted-average number of shares outstanding | ||
| Basic | 508 | 505 |
| Diluted | 510 | 505 |
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