FN2 Earnings Intelligence
Baxter International Inc. cash flow
Baxter International Inc. (BAX) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $2,951 | $1,718 | $3,194 | $1,764 | $1,966 | - | - |
| + Debt | $18,055 | $17,001 | $13,855 | $15,306 | $9,439 | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $12,784 | $15,113 | $14,813 | $10,636 | $11,244 | $11,357 | $11,580.1 |
| % Growth | 9.5% | 18.2% | -2.0% | -28.2% | 5.7% | 1.0% | 2.0% |
| Gross Profit | $5,105 | $5,397 | $4,975 | $3,984 | $3,379 | - | - |
| % Margin | 39.9% | 35.7% | 33.6% | 37.5% | 30.1% | - | - |
| EBITDA | $2,600 | -$540 | $1,653 | $1,011 | $673 | - | - |
| % Margin | 20.3% | -3.6% | 11.2% | 9.5% | 6.0% | - | - |
| Net Income | $1,284 | -$2,433 | $2,656 | -$649 | -$957 | - | - |
| % Margin | 10.0% | -16.1% | 17.9% | -6.1% | -8.5% | - | - |
| Diluted EPS | $2.53 | -$4.83 | $5.25 | -$1.27 | -$1.87 | $1.92 | $1.98 |
| % Growth | 18.8% | -290.9% | 208.7% | -124.2% | -47.2% | 202.6% | 3.1% |
| Operating Cash Flow | $2,222 | $1,211 | $1,726 | $1,019 | $845 | - | - |
| CapEx | $743 | $679 | $692 | $446 | $513 | - | - |
| Free Cash Flow | $1,479 | $532 | $1,034 | $573 | $332 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $12,784 | $15,113 | $14,813 | $10,636 | $11,244 | $11,357 | $11,580.1 |
| Gross Profit | $5,105 | $5,397 | $4,975 | $3,984 | $3,379 | - | - |
| EBITDA | $2,600 | -$540 | $1,653 | $1,011 | $673 | - | - |
| Net Income | $1,284 | -$2,433 | $2,656 | -$649 | -$957 | - | - |
| Diluted EPS | $2.53 | -$4.83 | $5.25 | -$1.27 | -$1.87 | $1.92 | $1.98 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2,951 | $1,718 | $3,194 | $1,764 | $1,966 |
| Short-term Debt | $301 | $299 | $0 | $2,126 | $1 |
| Long-term Debt | $17,754 | $16,702 | $13,855 | $13,180 | $9,438 |
| Total Debt | $18,055 | $17,001 | $13,855 | $15,306 | $9,439 |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $2,222 | $1,211 | $1,726 | $1,019 | $845 |
| Capital Expenditure | $743 | $679 | $692 | $446 | $513 |
| Free Cash Flow | $1,479 | $532 | $1,034 | $573 | $332 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 9.5% | 18.2% | -2.0% | -28.2% | 5.7% |
| Gross Margin | 39.9% | 35.7% | 33.6% | 37.5% | 30.1% |
| EBITDA Margin | 20.3% | -3.6% | 11.2% | 9.5% | 6.0% |
| Net Margin | 10.0% | -16.1% | 17.9% | -6.1% | -8.5% |
| FCF Margin | 11.6% | 3.5% | 7.0% | 5.4% | 3.0% |
| Diluted EPS Growth | 18.8% | -290.9% | 208.7% | -124.2% | -47.2% |