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Becton Dickinson Co (BDX) SEC Filing 10-K Annual Report for the fiscal year ending Friday, September 30, 2022

SEC Filings

BDX Annual Reports

Becton Dickinson Co

CIK: 10795 Ticker: BDX

Exhibit 99.1

1 Becton Drive
Franklin Lakes, NJ 07417
www.bd.com



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Contacts:
Investors: Francesca DeMartino, SVP, Head of Investor Relations - 201-847-5743
Media: Troy Kirkpatrick, VP, Public Relations - 858-617-2361

BD Reports Fourth Quarter and Full Year Fiscal 2022 Financial Results

Execution of BD 2025 Strategy Driving Consistent Durable Growth

Q4 revenue from continuing operations of $4.8 billion decreased 1.8% as reported and increased 2.3% on a currency-neutral basis
Q4 revenue performance driven by base revenue growth of 4.2% as reported, 8.6% currency-neutral
Q4 GAAP and adjusted diluted EPS from continuing operations of $0.92 and $2.75, respectively
FY22 revenue from continuing operations of $18.9 billion decreased 1.4% as reported and increased 0.9% on a currency-neutral basis
FY22 revenue performance driven by base revenue growth of 6.9% as reported, 9.4% currency-neutral
FY22 GAAP and adjusted diluted EPS from continuing operations of $5.38 and $11.35, respectively
Company issues FY23 guidance; announces 51st consecutive year of dividend increases, dividend raised 4.6%

FRANKLIN LAKES, NJ (November 10, 2022)
- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced results for its fourth quarter and full year of fiscal 2022, which ended September 30, 2022.

“Fiscal 2022 was another outstanding year with impactful results that confirm the effectiveness of our BD 2025 strategy,” said Tom Polen, chairman, CEO and president of BD. “We delivered reliable, consistent performance that reflects our team’s unwavering commitment to our purpose and the execution of our growth plan – while navigating the challenging macro environment all companies are facing. Looking forward, our strong performance and momentum increases our confidence to continue to create substantial, sustained value for all stakeholders.”

Recent Business Highlights

BD continues to advance its innovation-driven growth strategy, tuck-in M&A, and ESG initiatives.
Launched BD® Research Cloud in the US. State-of-the-art software solution streamlines research flow cytometry workflow through integrated ecosystem that enables customers to design, run and analyze experiments.
Launched BD Effivax™. Next-generation glass prefillable syringe sets new standard in performance for vaccines.
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The following information was filed by Becton Dickinson Co (BDX) on Thursday, November 10, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Becton Dickinson Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accounting Changes
Acquisitions
Acquisitions (Detail)
Benefit Plans
Benefit Plans (Tables)
Benefit Plans - Additional Information (Detail)
Benefit Plans - Change In Benefit Obligation, Change In Fair Value Of Plan Assets (Detail)
Benefit Plans - Expected Benefit Payments (Detail)
Benefit Plans - Fair Value Measurements Of Plan Assets (Detail)
Benefit Plans - Net Pension And Other Postretirement Cost (Detail)
Benefit Plans - Pension Plans With Accumulated Benefit Obligations (Detail)
Benefit Plans - Weighted Average Assumptions Determining Pension Plan (Detail)
Business Restructuring Charges
Business Restructuring Charges (Tables)
Business Restructuring Charges - Changes In Restructuring Balance (Detail)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Extinguishments Of Debt (Details)
Debt - Schedule Of Debt Issuances (Details)
Debt - Summary Of Interest Costs And Payments (Detail)
Debt - Summary Of Long-Term Debt (Detail)
Debt - Summary Of Short-Term Debt (Detail)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (Tables)
Derivative Instruments And Hedging Activities - Additional Information (Detail)
Derivative Instruments And Hedging Activities - Schedule Of Notional Amounts Of Outstanding Derivative Positions (Detail)
Derivative Instruments And Hedging Activities Disclosure - Gains (Losses) On Net Investment Hedges (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Weighted Average Common Shares Used In Computations Of Basic And Diluted Earnings Per Share (Details)
Earnings Per Share - Weighted Average Common Shares Used In Computations Of Basic And Diluted Earnings Per Share Footnotes (Details)
Financial Instruments And Fair Value Measurement - Cash And Equivalents And Restricted Cash (Details)
Financial Instruments And Fair Value Measurements
Financial Instruments And Fair Value Measurements (Tables)
Financial Instruments And Fair Value Measurements - Additional Information (Detail)
Financial Instruments And Fair Value Measurements - Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis (Details)
Financial Instruments And Fair Value Measurements - Transfer Of Financial Assets Accounted For As Sales (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of Income From Continuing Operations Before Income Taxes (Detail)
Income Taxes - Deferred Income Taxes (Detail)
Income Taxes - Provision For Income Taxes From Continuing Operations (Detail)
Income Taxes - Reconciliation Of Federal Statutory Tax Rate To Company's Effective Tax Rate (Detail)
Income Taxes - Summary Of Gross Amounts Of Unrecognized Tax Benefits (Detail)
Income Taxes - Summary Of Income Tax Holiday (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Additional Information (Detail)
Intangible Assets - Components Of Intangible Assets (Detail)
Intangible Assets - Reconciliation Of Goodwill By Business Segment (Detail)
Leases
Leases (Details)
Leases (Tables)
Leases - Lessee, Operating Lease, Liability, Maturity (Details)
Leases - Supplemental Balance Sheet Information Related To Leases (Details)
Revenues
Revenues (Details)
Segment Data
Segment Data (Tables)
Segment Data - Additional Information (Detail)
Segment Data - Financial Information For Company's Segments (Detail)
Segment Data - Revenues To Unaffiliated Customers And Long-Lived Assets Including Property, Plant And Equipment (Detail)
Segment Data Segment Data - Revenues By Geographic Areas (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Detail)
Share-Based Compensation - Assumptions For Estimation Of Fair Values Of Stock Appreciation Rights Granted During Reporting Periods (Detail)
Share-Based Compensation - Compensation Cost Relating To Share-Based Payments (Detail)
Share-Based Compensation - Summary Of Performance-Based Restricted Stock Units Outstanding (Detail)
Share-Based Compensation - Summary Of Sars Outstanding (Detail)
Share-Based Compensation Fair Value Of Stock Units Vested (Details)
Share-Based Compensation Summary Of Sars Exercised (Details)
Share-Based Compensation Weighted Average Grant Date Fair Value Of Restricted Stock Units (Details)
Shareholders' Equity
Shareholders' Equity (Tables)
Shareholders' Equity - Accumulated Other Comprehensive (Loss) Income (Detail)
Shareholders' Equity - Additional Information (Detail)
Shareholders' Equity - Changes In Certain Components Of Shareholders' Equity (Detail Ii)
Shareholders' Equity - Changes In Certain Components Of Shareholders' Equity (Detail)
Shareholders' Equity - Other Comprehensive Income (Loss), Tax (Detail)
Spin-Off Of Embecta Corp.
Spin-Off Of Embecta Corp. (Details)
Spin-Off Of Embecta Corp. (Tables)
Spin-Off Of Embecta Corp. - Additional Information (Details)
Spin-Off Of Embecta Corp. - Assets And Liabilities Of Discontinued Operations (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Supplemental Financial Information
Supplemental Financial Information (Tables)
Supplemental Financial Information - Inventories (Detail)
Supplemental Financial Information - Other Income (Expense), Net (Detail)
Supplemental Financial Information - Property, Plant And Equipment, Net (Detail)
Supplemental Financial Information - Trade Receivables, Allowances For Doubtful Accounts And Cash Discounts (Detail)
Ticker: BDX
CIK: 10795
Form Type: 10-K Annual Report
Accession Number: 0001628280-22-030686
Submitted to the SEC: Tue Nov 22 2022 4:58:28 PM EST
Accepted by the SEC: Tue Nov 22 2022
Period: Friday, September 30, 2022
Industry: Surgical And Medical Instruments And Apparatus

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