DANAHER FINANCIAL
OPERATING HIGHLIGHTS
(dollars in millions, except per share data and number of associates)
2013 2012
Sales* $ 19,118 $ 18,260
Operating Profit* $ 3,275 $ 3,165
Net Earnings* $ 2,695 $ 2,299
Net Earnings Per Share (diluted)* $ 3.80 $ 3.23
Operating Cash Flow* $ 3,585 $ 3,502
Capital Expenditures* $ 552 $ 458
Free Cash Flow (Operating Cash Flow less Capital Expenditures)* $ 3,033 $ 3,044
Number of Associates 66,000 63,000
Total Assets $ 34,672 $ 32,941
Total Debt (Long-Term Debt ($3,437) plus Notes Payable
and Current Portion of Long-Term Debt ($62)) $ 3,499 $ 5,343
Stockholders’ Equity $ 22,451 $ 19,084
Total Capitalization (Total Debt plus Stockholders’ Equity) $ 25,950 $ 24,427
*from continuing operations