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AI English summary of an SEC filing — figures as filed

Baxter International logoBaxter International BAX

Baxter International said its global net sales in 2025 totaled $11.24 billion, an increase of 6% on a reported basis and 3% on an operational sales basis compared to 2024. U.S. sales were $6.12 billion and international sales were $5.12 billion.

10-KAnnual reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Baxter International said its global net sales in 2025 totaled $11.24 billion, an increase of 6% on a reported basis and 3% on an operational sales basis compared to 2024. U.S. sales were $6.12 billion and international sales were $5.12 billion.

  2. The company said net loss attributable to Baxter stockholders in 2025 totaled $(957) million, or $(1.87) per diluted share, and special items adversely impacted net loss by $2.09 billion, or $4.08 per diluted share. Net loss from continuing operations was $(900) million.

  3. Baxter International said it completed the sale of its Kidney Care business to Carlyle on January 31, 2025 for an aggregate purchase price of $3.80 billion in cash. As of 2025, the company repaid $3.81 billion of legacy indebtedness, primarily with net after-tax cash proceeds from the sale, not including $2.00 billion of indebtedness repaid with proceeds from a new notes offering.

  4. Baxter International said operating cash flows from continuing operations in 2025 totaled $951 million, compared to $819 million in 2024. Capital expenditures in the same year were $513 million and dividend payments were $348 million.

Key figures

Fiscal year ended December 31, 2025

Revenue
$11.2B
Operating income
−$308M
Net income
−$957M
EPS
−$1.87
Gross profit
$3.4B
Operating cash flow
$845M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

2025 Annual Net Sales of $11.24 billion

Baxter International said its global net sales in 2025 totaled $11.24 billion, an increase of 6% on a reported basis and 3% on an operational sales basis compared to 2024. U.S. sales were $6.12 billion and international sales were $5.12 billion.

Source · Based on the MD&A text of the filing

2025 Net Loss and Special Items

The company said net loss attributable to Baxter stockholders in 2025 totaled $(957) million, or $(1.87) per diluted share, and special items adversely impacted net loss by $2.09 billion, or $4.08 per diluted share. Net loss from continuing operations was $(900) million.

Source · Based on the MD&A text of the filing

Sale of Kidney Care Business and Debt Repayment

Baxter International said it completed the sale of its Kidney Care business to Carlyle on January 31, 2025 for an aggregate purchase price of $3.80 billion in cash. As of 2025, the company repaid $3.81 billion of legacy indebtedness, primarily with net after-tax cash proceeds from the sale, not including $2.00 billion of indebtedness repaid with proceeds from a new notes offering.

Source · Based on the MD&A text of the filing

2025 Operating Cash Flows and Capital Expenditures

Baxter International said operating cash flows from continuing operations in 2025 totaled $951 million, compared to $819 million in 2024. Capital expenditures in the same year were $513 million and dividend payments were $348 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.