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: 2023 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Apr 28, 2023 10-K (Filed: June 22, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | |
| Operating Activities: | |||
| Net income | $ 3,784 | 5,062 | 3,630 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,697 | 2,707 | 2,702 |
| Provision for credit losses | 73 | 58 | 128 |
| Deferred income taxes | (226) | (604) | (422) |
| Stock-based compensation | 355 | 359 | 344 |
| Loss on debt extinguishment | 53 | 0 | 308 |
| Asset impairment charges | 0 | 515 | 0 |
| Other, net | 270 | 138 | 251 |
| Change in operating assets and liabilities, net of acquisitions and divestitures: | |||
| Accounts receivable, net | (576) | (477) | (761) |
| Inventories, net | (939) | (560) | 78 |
| Accounts payable and accrued liabilities | 696 | 213 | 531 |
| Other operating assets and liabilities | (148) | (65) | (549) |
| Net cash provided by operating activities | 6,039 | 7,346 | 6,240 |
| Investing Activities: | |||
| Acquisitions, net of cash acquired | (1,867) | (91) | (994) |
| Additions to property, plant, and equipment | (1,459) | (1,368) | (1,355) |
| Purchases of investments | (7,514) | (9,882) | (11,808) |
| Sales and maturities of investments | 7,343 | 9,692 | 11,345 |
| Other investing activities, net | 4 | (10) | (54) |
| Net cash used in investing activities | (3,493) | (1,659) | (2,866) |
| Financing Activities: | |||
| Change in current debt obligations, net | 0 | 0 | (311) |
| Proceeds from short-term borrowings (maturities greater than 90 days) | 2,284 | 0 | 2,789 |
| Repayments from short-term borrowings (maturities greater than 90 days) | (2,279) | 0 | (2,853) |
| Issuance of long-term debt | 5,409 | 0 | 7,172 |
| Payments on long-term debt | (6,012) | (1) | (7,367) |
| Dividends to shareholders | (3,616) | (3,383) | (3,120) |
| Issuance of ordinary shares | 308 | 429 | 474 |
| Repurchase of ordinary shares | (645) | (2,544) | (652) |
| Other financing activities | (409) | 163 | (268) |
| Net cash used in financing activities | (4,960) | (5,336) | (4,136) |
| Effect of exchange rate changes on cash and cash equivalents | 243 | (231) | 215 |
| Net change in cash and cash equivalents | (2,171) | 121 | (547) |
| Cash and cash equivalents at beginning of period | 3,714 | 3,593 | |
| Cash and cash equivalents at end of period | 1,543 | 3,714 | 3,593 |
| Supplemental Cash Flow Information | |||
| Cash paid for: | |||
| Income taxes | 1,548 | 996 | 1,250 |
| Interest | 606 | 540 | 582 |
| External Links | |
| MEDTRONIC PLC (MDT) Fiscal Year 2023 | |