Financial insights of BAX

MyFinsight

Income Statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net sales	2,701	2,974	2,835	2,810
Cost of sales	1,810	2,397	1,885	1,819
Gross margin	891	577	950	991
Selling, general and administrative expenses	728	761	708	718
Research and development expenses	139	126	118	134
Goodwill impairments	NaN	485	NaN	NaN
Other operating income, net	42	66	48	52
Operating income	66	-729	172	191
Interest expense, net	-66	-58	-58	-58
Foreign exchange losses, net	NaN	NaN	NaN	-12
Pension and other postretirement benefit plans	NaN	NaN	NaN	-11
Change in fair value of marketable equity securities	NaN	NaN	NaN	2
Equity method investment impairment	NaN	NaN	NaN	0
Other, net	NaN	NaN	NaN	-1
Other (income) expense, net	-6	31	7	0
Income (loss) from continuing operations before income taxes	-6	-756	121	133
Income tax expense (benefit)	11	279	172	11
Income (loss) from continuing operations	-17	-1,035	-51	122
Income (loss) from discontinued operations, net of tax	2	-93	5	-31
Net income (loss)	-15	-1,128	-46	91
Less net income attributable to noncontrolling interests included in continuing operations	NaN	0	0	0
Less net income attributable to noncontrolling interest included in discontinued operations	NaN	0	0	0
Net income attributable to noncontrolling interests	0	NaN	0	0
Net income (loss) attributable to baxter stockholders	-15	-1,128	-46	91

Basic EPS	-0.03	-2.199	-0.09	0.18
Diluted EPS	-0.03	-2.212	-0.09	0.18
Basic Average Shares	515,000,000	513,000,000	514,000,000	513,000,000
Diluted Average Shares	515,000,000	510,000,000	514,000,000	514,000,000

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.