Tuesday, January 30, 2018

Washington,DC-Based Danaher Had a Fabulous 4Q 2017 With Sales Up 11%, Gross Profit Up 14%, Operating Profit Up 30% and Pretax Income Up 41% ....................................................................................... 4Q 2017 Net Income Was Up a Lower 15%, But That Was Because of Several One-Time Tax Gains in the 4Q 2016 ....................................................................................... I Particularly Liked Danaher's First Class Transparent Disclosure of Two Offsetting Items That Netted To Only $1 Thousand Dollars But Informatively Were Still Shown Separately as Follows: "Transition tax on deemed repatriation of foreign earnings as a result of the Tax Cuts and Jobs Act of 2017 $(1.218) Bil" and "Remeasurement of deferred tax assets and liabilities as a result of the Tax Cuts and Jobs Act of 2017 $1.219 Bil" ....................................................................................... It Doesn't Get Much Better For Danaher Than When Its Tax Cost To Repatriate Its Foreign Earnings is Effectively Being Funded By US Taxpayers Who Are Funding Danaher's Tax Debt Forgiveness Due to the Trump Tax Bill