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Baxter Reports Solid First Quarter Financial Results and Raises Full-Year Outlook
Date:4/17/2008

Three Months Ended March 31,

----------------------------

2008 2007

---------- -----------

Net income $429 $403

Adjustments

Depreciation and amortization 156 140

Deferred income taxes 61 (13)

Stock compensation 38 27

Infusion pump charge 53 -

Other 9 4

Changes in balance sheet items

Receivables 18 (98)

Inventories (105) (128)

Accounts payable and accrued liabilities (341) (158)

Restructuring payments (12) (3)

Other 56 41

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Cash flows from operations $362 $215

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Changes in Net Debt

Increase (decrease)

Three Months Ended March 31,

----------------------------

2008 2007

---------- -----------

Net debt, beginning of period $550 $316

Cash flows from operations (362)
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SOURCE Baxter International Inc.
Copyright©2008 PR Newswire.
All rights reserved

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9. Baxter International Fourth Quarter 2007 Financial Results Conference Call
10. Baxter Issues Urgent Nationwide Voluntary Recall of Heparin 1,000 Units/mL 10 and 30mL Multi-Dose Vials
11. Baxters Costa Rica Facility Recognized With Shingo Prize for Excellence in Manufacturing
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