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Danaher Reports Record Second Quarter 2013 Results
Date:7/18/2013

s, except per share amounts)(unaudited) Three Months EndedSix Months EndedJune 28, 2013June 29, 2012June 28, 2013June 29, 2012Sales

$

4,737.5$

4,553.5$

9,182.2$

8,869.7Cost of sales

(2,242.0)(2,198.0)(4,361.0)(4,278.7)Gross profit

2,495.52,355.54,821.24,591.0Operating costs and other:Selling, general and administrative expenses

(1,339.7)(1,278.6)(2,638.1)(2,523.5)Research and development expenses

(312.2)(283.6)(608.6)(553.7)Earnings from unconsolidated joint venture

—18.0—32.4Operating profit

843.6811.31,574.51,546.2Non-operating income (expense):Gain on sale of unconsolidated joint venture

——229.8—Interest expense

(39.4)(37.9)(78.6)(77.3)Interest income

1.60.72.51.4Earnings from continuing operations before income taxes

805.8774.11,728.21,470.3Income taxes

(189.0)(173.9)(419.5)(350.1)Net earnings from continuing operations

616.8600.21,308.71,120.2Earnings from discontinued operations, net of income taxes

———92.9Net earnings

$

616.8$

600.2$

1,308.7$

1,213.1Net earnings per share from continuing operations:Basic

$

0.89$

0.86$

1.89$

1.62Diluted

$

0.87$

0.84$

1.85$

1.57Net earnings per share from discontinued operations:Basic

$

—$

—$

—$

0.13Diluted

$

—$

—$

—$

0.13Net earnings per share:Basic

$

0.89$

0.86$

1.89$

1.75Diluted

$

0.87$

0.84$

1.85$

1.70Average common stock and common equivalent shares outstanding:Basic

695.2695.6693.6693.5Diluted

709.8714.9709.1714.5This information
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SOURCE Danaher Corporation
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