UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 17, 2008
Baxter International Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
| |
|
|
| 1-4448
|
|
36-0781620 |
| |
| (Commission File Number)
|
|
(IRS Employer Identification No.) |
| |
|
|
| One Baxter Parkway, Deerfield, Illinois
|
|
60015-4633 |
| |
| (Address of principal executive offices)
|
|
(Zip Code) |
(847) 948-2000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
|
|
|
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
|
|
|
| Item 2.02. |
|
Results of Operations and Financial Results. |
On April 17, 2008, Baxter International Inc. issued an earnings press release for the quarterly
period ended March 31, 2008. The press release, including attachments, is furnished as Exhibit 99.1
to this report.
The press release contains non-GAAP financial measures as defined by the Securities and Exchange
Commission. These measures are used in addition to results presented in accordance with generally
accepted accounting principles (GAAP). The non-GAAP financial measures reflect an additional way of
viewing aspects of the company’s operations that, when viewed with GAAP results and the
accompanying reconciliations to corresponding GAAP financial measures, may provide a more complete
understanding of factors and trends affecting the company’s business. Management strongly
encourages investors to review the company’s consolidated financial statements and publicly filed
reports in their entirety.
The non-GAAP financial measures include adjusted net income, adjusted earnings per diluted share,
adjusted pre-tax income and adjusted income tax expense, each excluding special items. Special
items are excluded because they are unusual or nonrecurring and accordingly can be highly variable,
difficult to predict, and of a size that may substantially impact the company’s reported operations
for a period. Management believes that non-GAAP earnings measures facilitate a fuller analysis of
the company’s results of operations, particularly in evaluating performance from one period to
another. Accordingly, management uses these non-GAAP measures internally in financial planning, to
monitor performance, and in setting performance compensation targets.
|
|
|
| Item 9.01. |
|
Financial Statements and Exhibits. |
(d) Exhibits.
| |
|
|
| 99.1
|
|
Press Release dated April 17, 2008. |