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: 2019 | |||
Consolidated Statements of Income | |||
Period Ending Apr 26, 2019 10-K (Filed: June 21, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | |
| Net sales | $ 30,557 | 29,953 | 29,710 |
| Costs and expenses: | |||
| Cost of products sold | 9,155 | 9,067 | 9,294 |
| Research and development expense | 2,330 | 2,256 | 2,193 |
| Selling, general, and administrative expense | 10,418 | 10,238 | 10,018 |
| Amortization of intangible assets | 1,764 | 1,823 | 1,980 |
| Restructuring charges, net | 198 | 30 | 303 |
| Certain litigation charges | 166 | 61 | 300 |
| Gain on sale of businesses | 0 | (697) | 0 |
| Other operating expense, net | 258 | 535 | 239 |
| Operating profit (loss) | 6,268 | 6,640 | 5,383 |
| Other non-operating income, net | (373) | (181) | (313) |
| Interest expense | 1,444 | 1,146 | 1,094 |
| Income (loss) before income taxes | 5,197 | 5,675 | 4,602 |
| Income tax provision | 547 | 2,580 | 578 |
| Net income (loss) | 4,650 | 3,095 | 4,024 |
| Net (income) loss attributable to noncontrolling interests | (19) | 9 | 4 |
| Net income (loss) attributable to Medtronic | 4,631 | 3,104 | 4,028 |
| Basic earnings per share (in dollars per share) | 3.44 | 2.29 | 2.92 |
| Diluted earnings per share (in dollars per share) | 3.41 | 2.27 | 2.89 |
| Basic weighted average shares outstanding (in shares) | 1,346,400 | 1,356,700 | 1,378,900 |
| Diluted weighted average shares outstanding (in shares) | 1,357,500 | 1,368,200 | 1,391,400 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MEDTRONIC PLC | |||
Ticker: MDT Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Apr 26, 2019 10-K (Filed: June 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | |
| Net income | $ 4,650 | 3,095 | 4,024 |
| Other comprehensive income (loss), net of tax: | |||
| Unrealized gain (loss) on investment securities | 102 | (103) | 38 |
| Translation adjustment | (1,375) | 1,184 | (977) |
| Net investment hedge | 88 | 0 | 0 |
| Net change in retirement obligations | (191) | 167 | 68 |
| Unrealized gain (loss) on cash flow hedges | 401 | (218) | 127 |
| Other comprehensive (loss) income | (975) | 1,030 | (744) |
| Comprehensive income including noncontrolling interests | 3,675 | 4,125 | 3,280 |
| Comprehensive (income) loss attributable to noncontrolling interests | (16) | 9 | 3 |
| Comprehensive income attributable to Medtronic | 3,659 | 4,134 | 3,283 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MEDTRONIC PLC | |||
Ticker: MDT Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Apr 26, 2019 10-K (Filed: June 21, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 26, 2019 | Apr 27, 2018 | Apr 28, 2017 | |
| Operating Activities: | |||
| Net income | $ 4,650 | 3,095 | 4,024 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,659 | 2,644 | 2,917 |
| Provision for doubtful accounts | 78 | 52 | 39 |
| Deferred income taxes | (304) | (919) | (459) |
| Stock-based compensation | 290 | 344 | 348 |
| Loss on debt extinguishment | 457 | 38 | 0 |
| Gain on sale of businesses | 0 | (697) | 0 |
| Investment loss | 0 | 227 | 0 |
| Other, net | 257 | 73 | (128) |
| Change in operating assets and liabilities, net of acquisitions and divestitures: | |||
| Accounts receivable, net | (581) | (275) | (75) |
| Inventories, net | (274) | (192) | (227) |
| Accounts payable and accrued liabilities | 399 | 65 | 356 |
| Other operating assets and liabilities | (624) | 229 | 85 |
| Net cash provided by operating activities | 7,007 | 4,684 | 6,880 |
| Investing Activities: | |||
| Acquisitions, net of cash acquired | (1,827) | (137) | (1,324) |
| Proceeds from sale of businesses | 0 | 6,058 | 0 |
| Additions to property, plant, and equipment | (1,134) | (1,068) | (1,254) |
| Purchases of investments | (2,532) | (3,200) | (4,371) |
| Sales and maturities of investments | 4,683 | 4,227 | 5,356 |
| Other investing activities, net | 36 | (22) | 22 |
| Net cash (used in) provided by investing activities | (774) | 5,858 | (1,571) |
| Financing Activities: | |||
| Change in current debt obligations, net | (713) | (249) | 906 |
| Issuance of long-term debt | 7,794 | 21 | 2,140 |
| Payments on long-term debt | (7,948) | (7,370) | (863) |
| Dividends to shareholders | (2,693) | (2,494) | (2,376) |
| Issuance of ordinary shares | 992 | 403 | 428 |
| Repurchase of ordinary shares | (2,877) | (2,171) | (3,544) |
| Other financing activities | 14 | (94) | 26 |
| Net cash used in financing activities | (5,431) | (11,954) | (3,283) |
| Effect of exchange rate changes on cash and cash equivalents | (78) | 114 | 65 |
| Net change in cash and cash equivalents | 724 | (1,298) | 2,091 |
| Cash and cash equivalents at beginning of period | 3,669 | 4,967 | |
| Cash and cash equivalents at end of period | 4,393 | 3,669 | 4,967 |
| Supplemental Cash Flow Information | |||
| Cash paid for: | |||
| Income taxes | 1,558 | 2,542 | 1,029 |
| Interest | 973 | 1,147 | 1,134 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MEDTRONIC PLC | ||
Ticker: MDT Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Apr 26, 2019 10-K (Filed: June 21, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Apr 26, 2019 | Apr 27, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,393 | 3,669 |
| Investments | 5,455 | 7,558 |
| Accounts receivable, less allowances of $190 and $193, respectively | 6,222 | 5,987 |
| Inventories, net | 3,753 | 3,579 |
| Other current assets | 2,144 | 2,187 |
| Total current assets | 21,967 | 22,980 |
| Property, plant, and equipment, net | 4,675 | 4,604 |
| Goodwill | 39,959 | 39,543 |
| Other intangible assets, net | 20,560 | 21,723 |
| Tax assets | 1,519 | 1,465 |
| Other assets | 1,014 | 1,078 |
| Total assets | 89,694 | 91,393 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Current debt obligations | 838 | 2,058 |
| Accounts payable | 1,953 | 1,628 |
| Accrued compensation | 2,189 | 1,988 |
| Accrued income taxes | 567 | 979 |
| Other accrued expenses | 2,925 | 3,431 |
| Total current liabilities | 8,472 | 10,084 |
| Long-term debt | 24,486 | 23,699 |
| Accrued compensation and retirement benefits | 1,651 | 1,425 |
| Accrued income taxes | 2,838 | 3,051 |
| Deferred tax liabilities | 1,278 | 1,423 |
| Other liabilities | 757 | 889 |
| Total liabilities | 39,482 | 40,571 |
| Commitments and contingencies (Notes 3, 17, and 19) | ||
| Shareholders equity: | ||
| Ordinary shares par value $0.0001, 2.6 billion shares authorized, 1,340,697,595 and 1,354,218,154 shares issued and outstanding, respectively | 0 | 0 |
| Additional paid-in capital | 26,532 | 28,127 |
| Retained earnings | 26,270 | 24,379 |
| Accumulated other comprehensive loss | (2,711) | (1,786) |
| Total shareholders equity | 50,091 | 50,720 |
| Noncontrolling interests | 121 | 102 |
| Total equity | 50,212 | 50,822 |
| Total liabilities and equity | 89,694 | 91,393 |
| External Links | |
| MEDTRONIC PLC (MDT) Fiscal Year 2019 | |
| 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 |