Baxter Hillrom Acquisition Presentation
Reconciliation of Non-GAAP Financial Measure
Baxter Cash Flows From Operations to Pro Forma¹ Free Cash Flow for the Year Ended
December 31, 2020
(in millions)
Baxter Hillrom²
Pro Forma
Cash flows from operations - continuing operations
Cash flows from investing activities
Cash flows from financing activities
$ 1,870 $ 505
$ (1,179) $ (136)
$ (345)
$ 2,375
$ (1,315)
$ (288)
$ (633)
Cash flows from operations - continuing operations
Capital expenditures
$ 1,870
(709)
$ 505
(111)
$ 2,375
(820)
Free cash flow - continuing operations
$ 1,161
$ 394
$ 1,555
1 Pro forma amounts as presented in this slide represent the combined results of Baxter and Hillrom and are not intended to represent pro forma financial information under Article 11
of Securities and Exchange Commission Regulation S-X.
2 The cash flows of Hillrom, which has a September 30 fiscal year end, are presented in this slide on a TTM basis for the period ended December 31, 2020.
For more information on the company's use of non-GAAP financial measures in this presentation, please see the company's Current Report on Form 8-K filed with the Securities and
Exchange Commission on the date of this presentation.
Baxter
H Hillrom 24View entire presentation