10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||
| |||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MEDTRONIC PLC | |||
Ticker: MDT Fiscal Year: 2023 | |||
Consolidated Statements of Income | |||
Period Ending Apr 28, 2023 10-K (Filed: June 22, 2023) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | |
| Net sales | $ 31,227 | 31,686 | 30,117 |
| Costs and expenses: | |||
| Cost of products sold, excluding amortization of intangible assets | 10,719 | 10,145 | 10,483 |
| Research and development expense | 2,696 | 2,746 | 2,493 |
| Selling, general, and administrative expense | 10,415 | 10,292 | 10,148 |
| Amortization of intangible assets | 1,698 | 1,733 | 1,783 |
| Restructuring charges, net | 375 | 60 | 293 |
| Certain litigation charges, net | (30) | 95 | 118 |
| Other operating (income) expense, net | (131) | 862 | 315 |
| Operating profit | 5,485 | 5,752 | 4,484 |
| Other non-operating income, net | (515) | (318) | (336) |
| Interest expense, net | 636 | 553 | 925 |
| Income before income taxes | 5,364 | 5,517 | 3,895 |
| Income tax provision | 1,580 | 456 | 265 |
| Net income | 3,784 | 5,062 | 3,630 |
| Net income attributable to noncontrolling interests | (26) | (22) | (24) |
| Net income attributable to Medtronic | 3,758 | 5,039 | 3,606 |
| Basic earnings per share (in dollars per share) | 2.83 | 3.75 | 2.68 |
| Diluted earnings per share (in dollars per share) | 2.82 | 3.73 | 2.66 |
| Basic weighted average shares outstanding (in shares) | 1,329,800 | 1,342,400 | 1,344,900 |
| Diluted weighted average shares outstanding (in shares) | 1,332,800 | 1,351,400 | 1,354,000 |
| External Links | |
| MEDTRONIC PLC (MDT) Fiscal Year 2023 | |