10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MEDTRONIC PLC | |||
Ticker: MDT Fiscal Year: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Apr 24, 2015 10-K (Filed: June 23, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 24, 2015 | Apr 25, 2014 | Apr 26, 2013 | |
| Net sales | $ 20,261 | 17,005 | 16,590 |
| Costs and expenses: | |||
| Cost of products sold | 6,309 | 4,333 | 4,126 |
| Research and development expense | 1,640 | 1,477 | 1,557 |
| Selling, general, and administrative expense | 6,904 | 5,847 | 5,698 |
| Special (gains) charges, net | (38) | 40 | 0 |
| Restructuring charges, net | 237 | 78 | 172 |
| Certain litigation charges, net | 42 | 770 | 245 |
| Acquisition-related items | 550 | 117 | (49) |
| Amortization of intangible assets | 733 | 349 | 331 |
| Other expense, net | 118 | 181 | 108 |
| Operating profit | 3,766 | 3,813 | 4,402 |
| Interest income | (386) | (271) | (237) |
| Interest expense | 666 | 379 | 388 |
| Interest expense, net | 280 | 108 | 151 |
| Income from operations before income taxes | 3,486 | 3,705 | 4,251 |
| Provision for income taxes | 811 | 640 | 784 |
| Net income | 2,675 | 3,065 | 3,467 |
| Basic earnings per share (in dollars per share) | 2.44 | 3.06 | 3.40 |
| Diluted earnings per share (in dollars per share) | 2.41 | 3.02 | 3.37 |
| Basic weighted average shares outstanding (in shares) | 1,095,500 | 1,002,100 | 1,019,300 |
| Diluted weighted average shares outstanding (in shares) | 1,109,000 | 1,013,600 | 1,027,500 |
| Cash dividends declared per common share (in dollars per share) | 1.22 | 1.12 | 1.04 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MEDTRONIC PLC | |||
Ticker: MDT Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income Statement | |||
Period Ending Apr 24, 2015 10-K (Filed: June 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 24, 2015 | Apr 25, 2014 | Apr 26, 2013 | |
| Net income | $ 2,675 | 3,065 | 3,467 |
| Unrealized gain (loss) on available-for-sale securities, net of tax expense (benefit) of $11, $(58), and $(19), respectively | 20 | (103) | (33) |
| Translation adjustment | (495) | 13 | (21) |
| Net change in retirement obligations, net of tax (benefit) expense of $(173), $72, and $(4), respectively | (366) | 87 | (18) |
| Unrealized gain (loss) on derivatives, net of tax expense (benefit) of $146, $(60), and $30, respectively | 254 | (102) | 53 |
| Other comprehensive loss | (587) | (105) | (19) |
| Comprehensive income | 2,088 | 2,960 | 3,448 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MEDTRONIC PLC | |||
Ticker: MDT Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Apr 24, 2015 10-K (Filed: June 23, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 24, 2015 | Apr 25, 2014 | Apr 26, 2013 | |
| Cash and Cash Equivalents Period Increase (Decrease) [Abstract] | |||
| Operating Activities: | |||
| Net income | $ 2,675 | 3,065 | 3,467 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,306 | 850 | 819 |
| Amortization of debt discount and issuance costs | 76 | 8 | 104 |
| Acquisition-related items | 634 | 110 | (74) |
| Provision for doubtful accounts | 35 | 43 | 51 |
| Deferred income taxes | (926) | (207) | (7) |
| Stock-based compensation | 439 | 145 | 152 |
| Other, net | (134) | (28) | 0 |
| Change in operating assets and liabilities, net of acquisitions: | |||
| Accounts receivable, net | (413) | (70) | 1 |
| Inventories | (282) | (39) | 93 |
| Accounts payable and accrued liabilities | 1,616 | (117) | 481 |
| Other operating assets and liabilities | 643 | 444 | (215) |
| Certain litigation charges, net | 42 | 770 | 245 |
| Certain litigation payments | (809) | (15) | (175) |
| Net cash provided by operating activities | 4,902 | 4,959 | 4,942 |
| Investing Activities: | |||
| Acquisitions, net of cash acquired | (14,884) | (385) | (820) |
| Additions to property, plant, and equipment | (571) | (396) | (457) |
| Purchases of marketable securities | (7,582) | (10,895) | (12,321) |
| Sales and maturities of marketable securities | 5,890 | 8,111 | 10,511 |
| Other investing activities, net | 89 | (29) | (14) |
| Net cash used in investing activities | (17,058) | (3,594) | (3,101) |
| Financing Activities: | |||
| Acquisition-related contingent consideration | (85) | (1) | (18) |
| Change in short-term borrowings, net | (1) | 127 | (720) |
| Repayment of short-term borrowings (maturities greater than 90 days) | (150) | (1,301) | (2,700) |
| Proceeds from short-term borrowings (maturities greater than 90 days) | 150 | 1,176 | 2,628 |
| Issuance of long-term debt | 19,942 | 1,994 | 2,980 |
| Payments on long-term debt | (1,268) | (565) | (2,214) |
| Dividends to shareholders | (1,337) | (1,116) | (1,055) |
| Issuance of ordinary shares | 649 | 1,307 | 267 |
| Repurchase of ordinary shares | (1,920) | (2,553) | (1,247) |
| Other financing activities | (31) | 14 | (22) |
| Net cash provided by (used in) financing activities | 15,949 | (918) | (2,101) |
| Effect of exchange rate changes on cash and cash equivalents | (353) | 37 | 7 |
| Net change in cash and cash equivalents | 3,440 | 484 | (253) |
| Cash and cash equivalents at beginning of period | 1,403 | 919 | |
| Cash and cash equivalents at end of period | 4,843 | 1,403 | 919 |
| Supplemental Cash Flow Information | |||
| Income taxes | 632 | 521 | 537 |
| Interest | 578 | 394 | 333 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MEDTRONIC PLC | ||
Ticker: MDT Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Apr 24, 2015 10-K (Filed: June 23, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Apr 24, 2015 | Apr 25, 2014 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,843 | 1,403 |
| Investments | 14,637 | 12,838 |
| Accounts receivable, less allowances of $144 and $115, respectively | 5,112 | 3,811 |
| Inventories | 3,463 | 1,725 |
| Tax assets | 1,335 | 736 |
| Prepaid expenses and other current assets | 1,454 | 697 |
| Total current assets | 30,844 | 21,210 |
| Property, plant, and equipment, net | 4,699 | 2,392 |
| Goodwill | 40,530 | 10,593 |
| Other intangible assets, net | 28,101 | 2,286 |
| Long-term tax assets | 774 | 300 |
| Other assets | 1,737 | 1,162 |
| Total assets | 106,685 | 37,943 |
| LIABILITIES AND SHAREHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term borrowings | 2,434 | 1,613 |
| Accounts payable | 1,610 | 742 |
| Accrued compensation | 1,611 | 1,015 |
| Accrued income taxes | 935 | 164 |
| Deferred tax liabilities | 119 | 19 |
| Other accrued expenses | 2,464 | 2,006 |
| Total current liabilities | 9,173 | 5,559 |
| Long-term debt | 33,752 | 10,315 |
| Long-term accrued compensation and retirement benefits | 1,535 | 662 |
| Long-term accrued income taxes | 2,476 | 1,343 |
| Long-term deferred tax liabilities | 4,700 | 386 |
| Other long-term liabilities | 1,819 | 235 |
| Total liabilities | 53,455 | 18,500 |
| Commitments and contingencies (Notes 2, 14, and 16) | ||
| Shareholders equity: | ||
| Ordinary shares par value $0.0001, $0.10; 2.6 billion,1.6 billion shares authorized, 1,421,648,005 and 998,999,125 shares issued and outstanding, respectively | 0 | 100 |
| Retained earnings | 54,414 | 19,940 |
| Accumulated other comprehensive loss | (1,184) | (597) |
| Total shareholders equity | 53,230 | 19,443 |
| Total liabilities and shareholders equity | 106,685 | 37,943 |
| External Links | |
| MEDTRONIC PLC (MDT) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |