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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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10-K.Info (Beta Test)
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MEDTRONIC PLC

Ticker: MDT   Fiscal Year: 2017

Consolidated Statements of Income

Period Ending Apr 28, 2017 10-K (Filed: June 27, 2017)

(In Millions, except shares in Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Apr 28, 2017Apr 29, 2016Apr 24, 2015
Net sales
$
29,710
28,83320,261
Costs and expenses:
Cost of products sold9,2919,1426,309
Research and development expense2,1932,2241,640
Selling, general, and administrative expense9,7119,4696,904
Special charge (gain), net10070(38)
Restructuring charges, net363290237
Certain litigation charges3002642
Acquisition-related items220283550
Amortization of intangible assets1,9801,931733
Other expense, net222107118
Operating profit5,3305,2913,766
 
Interest income(366)(431)(386)
Interest expense1,0941,386666
Interest expense, net728955280
Income before provision for income taxes4,6024,3363,486
 
Provision for income taxes578798811
Net income4,0243,5382,675
 
Net loss attributable to noncontrolling interests400
Net income attributable to Medtronic4,0283,5382,675
 
Basic earnings per share (in dollars per share)2.922.512.44
Diluted earnings per share (in dollars per share)2.892.482.41
Basic weighted average shares outstanding (shares)1,378,9001,409,6001,095,500
Diluted weighted average shares outstanding (in shares)1,391,4001,425,9001,109,000
Cash dividends declared per common share (in dollars per share)1.721.521.22
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MEDTRONIC PLC

Ticker: MDT   Fiscal Year: 2017

Consolidated Statements of Comprehensive Income Statement

Period Ending Apr 28, 2017 10-K (Filed: June 27, 2017)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Apr 28, 2017Apr 29, 2016Apr 24, 2015
Net income
$
4,024
3,5382,675
Other comprehensive loss, net of tax:
Unrealized gain (loss) on available-for-sale securities38(121)20
Translation adjustment(977)(197)(495)
Net change in retirement obligations68(66)(366)
Unrealized gain (loss) on derivatives127(300)254
Other comprehensive loss(744)(684)(587)
 
Comprehensive income including noncontrolling interests3,2802,8542,088
 
Comprehensive loss attributable to noncontrolling interests300
Comprehensive income attributable to Medtronic3,2832,8542,088
 
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MEDTRONIC PLC

Ticker: MDT   Fiscal Year: 2017

Consolidated Statements of Cash Flows

Period Ending Apr 28, 2017 10-K (Filed: June 27, 2017)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Apr 28, 2017Apr 29, 2016Apr 24, 2015
Cash and Cash Equivalents, Period Increase (Decrease) [Abstract]
Operating Activities:
Net income
$
4,024
3,5382,675
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization2,9172,8201,306
Amortization of debt discount and issuance costs112976
Acquisition-related items(46)218634
Provision for doubtful accounts394935
Deferred income taxes(459)(460)(926)
Stock-based compensation348375439
Loss on debt extinguishment01630
Other, net(93)(111)(134)
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable, net(75)(435)(413)
Inventories, net(227)(186)(282)
Accounts payable and accrued liabilities356(379)849
Other operating assets and liabilities85(403)643
Net cash provided by operating activities6,8805,2184,902
 
Investing Activities:
Acquisitions, net of cash acquired(1,324)(1,213)(14,884)
Additions to property, plant, and equipment(1,254)(1,046)(571)
Purchases of investments(4,371)(5,406)(7,582)
Sales and maturities of investments5,3569,9245,890
Other investing activities, net22(14)89
Net cash (used in) provided by investing activities(1,571)2,245(17,058)
 
Financing Activities:
Acquisition-related contingent consideration(69)(22)(85)
Change in current debt obligations, net9067(1)
Repayment of short-term borrowings (maturities greater than 90 days)(2)(139)(150)
Proceeds from short-term borrowings (maturities greater than 90 days)12139150
Issuance of long-term debt2,140019,942
Payments on long-term debt(863)(5,132)(1,268)
Dividends to shareholders(2,376)(2,139)(1,337)
Issuance of ordinary shares428491649
Repurchase of ordinary shares(3,544)(2,830)(1,920)
Other financing activities8582(31)
Net cash (used in) provided by financing activities(3,283)(9,543)15,949
 
Effect of exchange rate changes on cash and cash equivalents65113(353)
Net change in cash and cash equivalents2,091(1,967)3,440
 
Cash and cash equivalents at beginning of period2,8764,843
Cash and cash equivalents at end of period4,9672,8764,843
 
Supplemental Cash Flow Information
Cash paid for:
Income taxes1,0291,379632
Interest1,1341,266578
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MEDTRONIC PLC

Ticker: MDT   Fiscal Year: 2017

Consolidated Balance Sheets

Period Ending Apr 28, 2017 10-K (Filed: June 27, 2017)

(In Millions, except shares in actual)
 As ofAs of
 Apr 28, 2017Apr 29, 2016
ASSETS
Current assets:
Cash and cash equivalents
$
4,967
2,876
Investments8,7419,758
Accounts receivable, less allowances of $155 and $161, respectively5,5915,562
Inventories, net3,3383,473
Prepaid expenses and other current assets1,8651,931
Current assets held for sale3710
Total current assets24,87323,600
 
Property, plant, and equipment, net4,3614,841
Goodwill38,51541,500
Other intangible assets, net23,40726,899
Tax assets1,5091,383
Other assets1,2321,421
Noncurrent assets held for sale5,9190
Total assets99,81699,644
 
LIABILITIES AND EQUITY
Current liabilities:
Current debt obligations7,520993
Accounts payable1,7311,709
Accrued compensation1,8601,712
Accrued income taxes633566
Other accrued expenses2,4422,185
Current liabilities held for sale340
Total current liabilities14,2207,165
 
Long-term debt25,92130,109
Accrued compensation and retirement benefits1,6411,759
Accrued income taxes2,4052,903
Deferred tax liabilities2,9783,729
Other liabilities1,5151,916
Noncurrent liabilities held for sale7200
Total liabilities49,40047,581
 
Commitments and contingencies  
Shareholders equity:
Ordinary shares par value $0.0001, 2.6 billion shares authorized, 1,369,424,818 and 1,399,018,022 shares issued and outstanding, respectively00
Additional paid-in capital29,55132,227
Retained earnings23,35621,704
Accumulated other comprehensive loss(2,613)(1,868)
Total shareholders equity50,29452,063
 
Noncontrolling interests1220
Total equity50,41652,063
 
Total liabilities and equity99,81699,644
 
External Links 
MEDTRONIC PLC (MDT) Fiscal Year 2017
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