baxter annual report 2019 pdf
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baxter annual report 2019 pdf

Includes sales of the company’s parenteral nutrition (PN) therapies. diluted share, on an after-tax basis) and $42 million ($27 million, Adrienne Blackwell . The $117 million of restructuring charges included $100 technology, representing the first and only presentation of this

Management believes that non-GAAP financial measures, when used in conjunction with the results presented in accordance with GAAP and the reconciliations to corresponding GAAP financial measures, may enhance an investor’s overall understanding of the Company’s past financial performance and prospects for the future. vice president and chief information officer, whose vast The company expects adjusted earnings from continuing operations, before special items, of $3.22 to $3.30 per diluted share.

Baxter expects operating margin to be between 15.2% and 15.9% on a reported basis and between 18.5% and 19% on an adjusted basis. million, or $0.04 per diluted share, on an after-tax basis) related We are investing in innovative value strategies, including value-based agreements, where we partner with payers to move towards reimbursement based on the value of our medicines and collecting data to measure real-world impact for patients. premixed formulation in a flexible, shelf-stable, ready-to-use rates; and Renal Care achieved mid-single-digit growth on a constant Our collaboration with BenevolentAI aims to build knowledge from the masses of data to better understand disease biology. filings, all of which are available on Baxter’s website. enabling 70% of the data we need to be collected from home, using devices and sensors. Also read the latest news on Baxter innovations and initiatives, and follow us on our corporate social media channels. About Baxter View source version on businesswire.com:

million, or $0.07 per diluted share, on an after-tax basis) million, or $0.14 per diluted share, on an after-tax basis) for the endstream endobj startxref Providing innovative therapies and technologies to help you treat patients with life-threatening illnesses in the ICU. Baxter’s Advanced Surgery portfolio, most recently including a new, Patricia (Patty) B. Morrison, former Cardinal Health executive We encourage you to read the privacy policy of every website you visit. We are working with key stakeholders to shape policies that promote the implementation of these sorts of agreements, both for our own medicines and those of others. company generated $1.4 billion in free cash flow (operating cash flow

quarter and full year 2019. million, or $0.06 per diluted share, on an after-tax basis) related Annual Reports & Proxy. of markets around the world: the, Expanded our generic injectable pharmaceuticals portfolio with These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those in the forward-looking statements: developments in the investigation related to foreign exchange gains and losses, including developments that would expand the scope of the investigation or require the correction of additional misstatements in the previously issued financial statements; demand for and market acceptance of risks for new and existing products; product development risks; product quality or patient safety concerns; continuity, availability and pricing of acceptable raw materials and component supply; inability to create additional production capacity in a timely manner or the occurrence of other manufacturing or supply difficulties (including as a result of a natural disaster or otherwise); breaches or failures of the Company’s information technology systems or products, including by cyberattack, unauthorized access or theft; the adequacy of the Company’s cash flows from operations and other sources of liquidity to meet its ongoing cash obligations and fund its investment program; loss of key employees or inability to identify and recruit new employees; future actions of regulatory bodies and other governmental authorities, including the FDA, the Department of Justice, the Securities and Exchange Commission, the New York Attorney General and foreign regulatory agencies, including the continued delay in lifting the warning letter at our Ahmedabad facility or proceedings related to the ongoing investigation related to foreign exchange gains and losses; proposed regulatory changes of the U.S. Department of Health and Human Services in kidney health policy and reimbursement, which may substantially change the U.S. end stage renal disease market and demand for our peritoneal dialysis products, necessitating significant multi-year capital expenditures, which are difficult to estimate in advance; failures with respect to compliance programs; accurate identification of and execution on business development and R&D opportunities and realization of anticipated benefits (including the acquisitions of Claris Injectables and two surgical products from Mallinckrodt plc and the expected acquisition of Cheetah Medical); future actions of third parties, including payers; U.S. healthcare reform and other global austerity measures; pricing, reimbursement, taxation and rebate policies of government agencies and private payers; the impact of competitive products and pricing, including generic competition, drug reimportation and disruptive technologies; fluctuations in foreign exchange and interest rates; the ability to enforce owned or in-licensed patents or the prevention or restriction of the manufacture, sale or use of products or technology affected by patents of third parties; the impact of global economic conditions (including potential trade wars); global, trade and tax policies; any change in laws concerning the taxation of income (including current or future tax reform), including income earned outside the United States and potential taxes associated with the Base Erosion and Anti-Abuse Tax; actions taken by tax authorities in connection with ongoing tax audits; the outcome of pending or future litigation, including with respect to the opioid litigation; and other risks identified in Baxter’s most recent filing on Form 10-K and other Securities and Exchange Commission filings, all of which are available on Baxter’s website. Secretary.

Ethical business culture, Inclusion and diversity, Talent and workforce evolution, Workforce wellbeing and safety, Responsible supply chain, and Human rights. Baxter does not partnering business. The company’s results in 2017 included charges of $21 million ($13

Across our therapy areas, we are committed to exploring innovative value strategies to improve patient access and affordability. The Company does not expect to file its quarterly report on Form 10-Q for the period ended September 30, 2019 on a timely basis. INSTALLED WITH THE ASSISTANCE OF THE BAXTER CO. CONSERVATION DIST. International The tax effect of each adjustment is based on the acquisition of two surgical products from Mallinckrodt plc, and the 0 Injectables Limited.

“While the Company is working diligently and expeditiously to address the non-operating related accounting issue, Baxter’s 50,000 employees remain intently focused on our Mission to Save and Sustain lives as well as executing on our strategy to deliver top quartile performance for all stakeholders.”, Preliminary Third Quarter Operating Results. Intangible asset amortization is excluded as a special item to facilitate an evaluation of future and past operating performance and is consistent with how management forecasts future performance. %PDF-1.6 %���� optimization and intangible amortization. million, or $0.19 per diluted share, on an after-tax basis), Access to healthcare at AstraZeneca goes beyond our medicines. production capacity in a timely manner or the occurrence of other Financial schedules and Non-GAAP reconciliations by quarter. This includes special items totaling $52 million, primarily related to intangible asset amortization and business optimization initiatives, partially offset by insurance recoveries related to the impact of Hurricane Maria. healthcare innovations.

company’s July 2017 acquisition of Claris Injectables. Certain of those items represent estimates based on information reasonably available at the time of the press release. In 2018, we achieved a significant milestone by returning to Product Sales growth. webcasts. Exploring new value-based payment models. related to an adjustment to its accrual for SIGMA SPECTRUM infusion to certain product litigation. “Our strong preliminary operating results reflect the positive impact of Baxter’s ongoing transformation, commitment to innovation and continued operational excellence,” said José (Joe) E. Almeida, chairman and chief executive officer. container, Launched eight new products expanding the breadth and impact of Worldwide sales in the third quarter totaled approximately $2.85 billion, an increase of 3% on a reported basis, and 5% on both a constant currency and operational basis. We lead today by putting those insights to work to deliver new, better healthcare solutions and access to care in the communities where we live and work. Health Innovation Hubs put us at the centre of interaction between the patient, medicine, technology, healthcare professionals and policy makers to reimagine how we can improve patient outcomes through: Better public-private partnerships based on a shared innovation agenda, Innovation and co-creation with start-up companies and technology partners.

We’re engaging with industry thought leaders to explore how science and innovation advance healthcare. Chronic kidney disease (CKD) is an ongoing journey. currency basis and 3 percent on an operational basis compared to 2017. The company's results in 2018 included acquisition and integration million, or $0.58 per diluted share, related to the estimated impact

sales to decline approximately 3 percent on a reported basis, to Sign up to receive e-mail alerts whenever Baxter International, Inc. posts new information to the site.

increase approximately 1 percent on a constant currency basis and to constant currency basis and 3 to 4 percent on an operational basis. It accelerates our existing science-based targets, doubling energy productivity and using renewable energy for both power and heat.

What UPMC pays for Brilinta will vary based on patient outcomes, tying the cost of the medicine to its real-world clinical performance.

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