10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2013 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 13, 2014) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net sales | $ 9,021 | 8,657 | 8,307 |
| Cost of sales | 2,977 | 2,781 | 2,811 |
| Gross profit | 6,044 | 5,876 | 5,496 |
| Research, development and engineering expenses | 536 | 471 | 462 |
| Selling, general and administrative expenses | 4,066 | 3,466 | 3,150 |
| Intangible asset amortization | 138 | 123 | 122 |
| Restructuring charges | 48 | 75 | 76 |
| Total operating expenses | 4,788 | 4,135 | 3,810 |
| Operating income | 1,256 | 1,741 | 1,686 |
| Other income (expense), net | (44) | (36) | |
| Earnings before income taxes | 1,212 | 1,705 | 1,686 |
| Income taxes | 206 | 407 | 341 |
| Net earnings | 1,006 | 1,298 | 1,345 |
| Net earnings per share of common stock: | |||
| Basic net earnings per share of common stock | 2.66 | 3.41 | 3.48 |
| Diluted net earnings per share of common stock | 2.63 | 3.39 | 3.45 |
| Weighted-average shares outstandingin millions: | |||
| Basic | 378,600 | 380,600 | 386,500 |
| Net effect of dilutive employee stock options | 3,500 | 2,400 | 3,000 |
| Diluted | 382,100 | 383,000 | 389,500 |
| Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options | 6,400 | 7,800 | |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 13, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net earnings | $ 1,006 | 1,298 | 1,345 |
| Unrealized gains (losses) on securities, net of tax (expense) benefit of $1, ($1) and $1, respectively | (4) | 4 | (2) |
| Unfunded pension gains (losses), net of tax (expense) benefit of ($15), $25 and ($8), respectively | 20 | (69) | 12 |
| Unrealized gains on designated hedges, net of tax expense of $4, $0 and $0, respectively | 7 | 0 | 0 |
| Foreign currency translation adjustments | 80 | 50 | (20) |
| Total other comprehensive income (loss) | 103 | (15) | (10) |
| Comprehensive income | 1,109 | 1,283 | 1,335 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2013 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 13, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating activities | |||
| Net earnings | $ 1,006 | 1,298 | 1,345 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 169 | 154 | 160 |
| Intangible asset amortization | 138 | 123 | 122 |
| Share-based compensation | 76 | 75 | 75 |
| Restructuring charges | 50 | 75 | 76 |
| Sale of inventory stepped up to fair value at acquisition | 28 | 18 | 143 |
| Deferred income tax benefit | 23 | (39) | (164) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (89) | (20) | (152) |
| Inventories | (77) | 18 | (166) |
| Accounts payable | 1 | (48) | 44 |
| Accrued expenses and other liabilities | 657 | 180 | 158 |
| Income taxes | (124) | (159) | (95) |
| Other | 28 | (18) | (112) |
| Net cash provided by operating activities | 1,886 | 1,657 | 1,434 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (2,320) | (154) | (2,066) |
| Purchases of marketable securities | (4,558) | (3,480) | (6,779) |
| Proceeds from sales of marketable securities | 4,856 | 3,108 | 6,869 |
| Purchases of property, plant and equipment | (195) | (210) | (226) |
| Proceeds from sales of property, plant and equipment | 0 | 0 | 67 |
| Net cash used in investing activities | (2,217) | (736) | (2,135) |
| Financing activities | |||
| Proceeds from borrowings | 369 | 178 | 178 |
| Payments on borrowings | (355) | (182) | (190) |
| Proceeds from issuance of long-term debt, net | 991 | 0 | 749 |
| Dividends paid | (401) | (324) | (279) |
| Repurchase and retirement of common stock | (317) | (108) | (622) |
| Other | 13 | (13) | 3 |
| Net cash provided by (used in) financing activities | 300 | (449) | (161) |
| Effect of exchange rate changes on cash and cash equivalents | (25) | 18 | 9 |
| Change in cash and cash equivalents | (56) | 490 | (853) |
| Cash and cash equivalents at beginning of year | 1,395 | 905 | |
| Cash and cash equivalents at end of year | 1,339 | 1,395 | 905 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 321 | 599 | 574 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STRYKER CORP | ||
Ticker: SYK Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 13, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,339 | 1,395 |
| Marketable securities | 2,641 | 2,890 |
| Accounts receivable, less allowance of $72 ($58 in 2012) | 1,518 | 1,430 |
| Inventories | ||
| Materials and supplies | 227 | 202 |
| Work in process | 85 | 71 |
| Finished goods | 1,110 | 992 |
| Total inventories | 1,422 | 1,265 |
| Deferred income taxes | 880 | 811 |
| Prepaid expenses and other current assets | 535 | 357 |
| Total current assets | 8,335 | 8,148 |
| Property, plant and equipment | ||
| Land, buildings and improvements | 686 | 625 |
| Machinery and equipment | 1,811 | 1,607 |
| Total property, plant and equipment | 2,497 | 2,232 |
| Less allowance for depreciation | 1,416 | 1,284 |
| Net property, plant and equipment | 1,081 | 948 |
| Other assets | ||
| Goodwill | 3,844 | 2,142 |
| Other intangibles, net | 1,989 | 1,424 |
| Other | 494 | 544 |
| Total assets | 15,743 | 13,206 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | 314 | 288 |
| Accrued compensation | 535 | 467 |
| Income taxes | 131 | 70 |
| Dividend payable | 115 | 101 |
| Accrued expenses and other liabilities | 1,537 | 934 |
| Current maturities of debt | 25 | 16 |
| Total current liabilities | 2,657 | 1,876 |
| Long-term debt, excluding current maturities | 2,739 | 1,746 |
| Other liabilities | 1,300 | 987 |
| Shareholders' equity | ||
| Common stock, $0.10 par value: Authorized: 1 billion shares, Outstanding: 380 million shares (381 million in 2011) | 38 | 38 |
| Additional paid-in capital | 1,160 | 1,098 |
| Retained earnings | 7,617 | 7,332 |
| Accumulated other comprehensive income | 232 | 129 |
| Total shareholders' equity | 9,047 | 8,597 |
| Total liabilities & shareholders' equity | 15,743 | 13,206 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2013 | |
| 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 |