DHR · 10-Q · 2026Q3 · Full report
Operating Cash Flow and Capex
DANAHER CORP /DE/ · 2026-10-21 · Importance 54 · Surprise 40 · In source text
Operating cash flow from continuing operations increased 10% to approximately $4.7 billion for the first nine months of 2026 from $4.299 billion. The increase reflected $689 million of higher continuing-operations net earnings and $195 million of lower year-over-year noncash charges, partly offset by $412 million used by receivables, inventories and payables. Capital expenditures declined $24 million year over year to $761 million from $785 million. Capital spending supported manufacturing capacity, customer-leased instruments, equipment replacement, buildings, product development and information technology systems.
Key facts
- Operating cash flows were approximately $4.7 billion for the first nine months of 2026, an increase of $443 million, or 10%, compared to the comparable period of 2025. source
- The aggregate of prepaid expenses and other assets, deferred income taxes and accrued expenses and other liabilities used $504 million of operating cash flows during the first nine months of 2026, compared to $424 million used in the comparable period of 2025. source
- The Company’s net earnings from continuing operations for the three months ended September 25, 2026 totaled approximately $1.2 billion, or $1.71 per diluted common share. source
- The Company’s net earnings from continuing operations for the nine months ended September 25, 2026 totaled approximately $3.1 billion, or $4.38 per diluted common share. source
- Net cash provided by operating activities from continuing operations: $4,742 million for nine-month period ended September 25, 2026. source
- Net cash provided by operating activities from continuing operations: $4,299 million for nine-month period ended September 26, 2025. source
- Payments for additions to property, plant and equipment: $(761) million for nine-month period ended September 25, 2026. source
- Payments for additions to property, plant and equipment: $(785) million for nine-month period ended September 26, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +10.5% | 2026 operating cash flows reflected an increase of $689 million in net earnings from continuing operations for the first nine months of… |
| cash | positive | realized | +0.5% | Operating cash flows were approximately $4.7 billion for the first nine months of 2026, an increase of $443 million, or 10%, compared to… |
| cash | negative | realized | -0.1% | The aggregate of prepaid expenses and other assets, deferred income taxes and accrued expenses and other liabilities used $504 million of… |
| cash | positive | realized | +0.0% | Payments for additions to property, plant and equipment: $(761) million for nine-month period ended September 25, 2026. |
| net_income | positive | realized | — | The Company’s net earnings from continuing operations for the three months ended September 25, 2026 totaled approximately $1.2 billion, or… |
| net_income | positive | realized | — | The Company’s net earnings from continuing operations for the nine months ended September 25, 2026 totaled approximately $3.1 billion, or… |