BAXTER INTERNATIONAL INC. (BAX) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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BAXTER INTERNATIONAL INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Income (loss) from continuing operations → Net cash from operating activities: $135,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $239,000,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $79,000,000.00Inventories → Operating adjustments reconciliation: $59,000,000.00Stock compensation → Operating adjustments reconciliation: $33,000,000.00Other → Operating adjustments reconciliation: $18,000,000.00Other → Operating adjustments reconciliation: $9,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $150,000,000.00Operating adjustments reconciliation → Accounts receivable, net: $156,000,000.00Operating adjustments reconciliation → Accounts payable: $52,000,000.00Operating adjustments reconciliation → Deferred income taxes: $34,000,000.00Operating adjustments reconciliation → Accrued expenses and other current liabilities: $29,000,000.00Operating adjustments reconciliation → Cash flows from (used in) operations - discontinued operations: $12,000,000.00Operating adjustments reconciliation → Net periodic pension and other postretirement costs: $4,000,000.00Other investing activities, net → investing reconciliation: $2,000,000.00Net cash used in investing activities → investing reconciliation: $117,000,000.00investing reconciliation → Capital expenditures: $116,000,000.00investing reconciliation → Acquisitions of developed technology and investments: $3,000,000.00Net cash used in financing activities → financing reconciliation: $31,000,000.00Proceeds from stock issued under employee benefit plans → financing reconciliation: $5,000,000.00financing reconciliation → Payments of contingent liabilities: $31,000,000.00financing reconciliation → Cash dividends on common stock: $5,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $2,019,000,000.00Net cash from operating activities → Cash sources and uses: $285,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $2,156,000,000.00Cash sources and uses → Net cash used in investing activities: $117,000,000.00Cash sources and uses → Net cash used in financing activities: $31,000,000.00Income (loss) from continuing operations: $135,000,000.00Continuing ops income (loss)+$135.00 MOther: $18,000,000.00Other operating, net+$18.00 MStock compensation: $33,000,000.00Stock-based compensation+$33.00 MInventories: $59,000,000.00Inventories+$59.00 MOther: $9,000,000.00Other non-cash items+$9.00 MAccounts receivable, net: -$156,000,000.00Accounts receivable−$156.00 MPrepaid expenses and other current assets: $79,000,000.00Prepaid & other assets+$79.00 MAccounts payable: -$52,000,000.00Accounts payable−$52.00 MNet periodic pension and other postretirement costs: -$4,000,000.00Pension & benefit plans, net−$4.00 MDeferred income taxes: -$34,000,000.00Deferred taxes & credits−$34.00 MAccrued expenses and other current liabilities: -$29,000,000.00Accrued & other liabilities−$29.00 MDepreciation and amortization: $239,000,000.00Depreciation & amortization+$239.00 MOther long-lived asset impairments: $0.00Cash flows from (used in) operations - discontinued operations: -$12,000,000.00Discontinued operations cash−$12.00 MNet cash from operating activities: $285,000,000.00Operating cash+$285.00 MOperating adjustments reconciliation: $437,000,000.00Other financing activities, net: $0.00Repayments of debt: $0.00Cash dividends on common stock: -$5,000,000.00Common dividends paid−$5.00 MProceeds from stock issued under employee benefit plans: $5,000,000.00Employee stock plans & options+$5.00 MRepayments of debt with original maturities of three months or less: $0.00Payments of contingent liabilities: -$31,000,000.00Contingent consideration paid−$31.00 MNet cash used in financing activities: -$31,000,000.00. Cash required to fund net payments.Financing cash−$31.00 Mfinancing reconciliation: $36,000,000.00Capital expenditures: -$116,000,000.00Other capital spending−$116.00 MAcquisitions of developed technology and investments: -$3,000,000.00Intangible asset purchases−$3.00 MOther investing activities, net: $2,000,000.00Other investing, net+$2.00 MCash flows from (used in) investing activities - discontinued operations: $0.00Net cash used in investing activities: -$117,000,000.00. Cash required to fund net payments.Investing cash−$117.00 Minvesting reconciliation: $119,000,000.00Cash sources and uses: $2,304,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $2,019,000,000.00Beginning cash$2.02 BEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $2,156,000,000.00Ending cash$2.16 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net incomeUnavailableOperating cash flow ÷ net incomeNet cash change+$137.00 MEnding cash − beginning cash
Chart details

BAXTER INTERNATIONAL INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
2,019,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
285,000,000 US dollars. Net cash provided.
Income (loss) from continuing operations
135,000,000 US dollars
Other
18,000,000 US dollars
Stock compensation
33,000,000 US dollars
Inventories
59,000,000 US dollars
Other
9,000,000 US dollars
Accounts receivable, net
negative 156,000,000 US dollars
Prepaid expenses and other current assets
79,000,000 US dollars
Accounts payable
negative 52,000,000 US dollars
Net periodic pension and other postretirement costs
negative 4,000,000 US dollars
Deferred income taxes
negative 34,000,000 US dollars
Accrued expenses and other current liabilities
negative 29,000,000 US dollars
Depreciation and amortization
239,000,000 US dollars
Other long-lived asset impairments
0 US dollars
Cash flows from (used in) operations - discontinued operations
negative 12,000,000 US dollars
Investing activities
negative 117,000,000 US dollars. Net cash used.
Capital expenditures
negative 116,000,000 US dollars
Acquisitions of developed technology and investments
negative 3,000,000 US dollars
Other investing activities, net
2,000,000 US dollars
Cash flows from (used in) investing activities - discontinued operations
0 US dollars
Financing activities
negative 31,000,000 US dollars. Net cash used.
Other financing activities, net
0 US dollars
Repayments of debt
0 US dollars
Cash dividends on common stock
negative 5,000,000 US dollars
Proceeds from stock issued under employee benefit plans
5,000,000 US dollars
Repayments of debt with original maturities of three months or less
0 US dollars
Payments of contingent liabilities
negative 31,000,000 US dollars
Operating adjustment reconciliation
437,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
36,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
119,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
2,156,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
2,304,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
137,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Unavailable. Operating cash flow and reconciliation net income for the same period are required.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $150.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
BAXTER INTERNATIONAL INC. (BAX) FY2026 Q2 Statement of Cash Flows Sankey chart
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