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: 2022 | |||
Consolidated Statements of Income | |||
Period Ending Apr 29, 2022 10-K (Filed: June 23, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | |
| Net sales | $ 31,686 | 30,117 | 28,913 |
| Costs and expenses: | |||
| Cost of products sold, excluding amortization of intangible assets | 10,145 | 10,483 | 9,424 |
| Research and development expense | 2,746 | 2,493 | 2,331 |
| Selling, general, and administrative expense | 10,292 | 10,148 | 10,109 |
| Amortization of intangible assets | 1,733 | 1,783 | 1,756 |
| Restructuring charges, net | 60 | 293 | 118 |
| Certain litigation charges | 95 | 118 | 313 |
| Other operating expense, net | 862 | 315 | 71 |
| Operating profit | 5,752 | 4,484 | 4,791 |
| Other non-operating income, net | (318) | (336) | (356) |
| Interest expense | 553 | 925 | 1,092 |
| Income before income taxes | 5,517 | 3,895 | 4,055 |
| Income tax provision (benefit) | 456 | 265 | (751) |
| Net income | 5,062 | 3,630 | 4,806 |
| Net income attributable to noncontrolling interests | (22) | (24) | (17) |
| Net income attributable to Medtronic | 5,039 | 3,606 | 4,789 |
| Basic earnings per share (in dollars per share) | 3.75 | 2.68 | 3.57 |
| Diluted earnings per share (in dollars per share) | 3.73 | 2.66 | 3.54 |
| Basic weighted average shares outstanding (in shares) | 1,342,400 | 1,344,900 | 1,340,700 |
| Diluted weighted average shares outstanding (in shares) | 1,351,400 | 1,354,000 | 1,351,100 |
| External Links | |
| MEDTRONIC PLC (MDT) Fiscal Year 2022 | |
| 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 |