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: 2015 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net sales | $ 9,946 | 9,675 | 9,021 |
| Cost of sales | 3,344 | 3,319 | 3,002 |
| Gross profit | 6,602 | 6,356 | 6,019 |
| Research, development and engineering expenses | 625 | 614 | 536 |
| Selling, general and administrative expenses | 3,610 | 3,547 | 3,467 |
| Recall charges, net of insurance proceeds | 296 | 761 | 622 |
| Intangible asset amortization | 210 | 188 | 138 |
| Total operating expenses | 4,741 | 5,110 | 4,763 |
| Operating income | 1,861 | 1,246 | 1,256 |
| Other income (expense), net | (126) | (86) | (44) |
| Earnings before income taxes | 1,735 | 1,160 | 1,212 |
| Income taxes | 296 | 645 | 206 |
| Net earnings | 1,439 | 515 | 1,006 |
| Net earnings per share of common stock: | |||
| Basic net earnings per share of common stock (in dollars per share) | 3.82 | 1.36 | 2.66 |
| Diluted net earnings per share of common stock (in dollars per share) | 3.78 | 1.34 | 2.63 |
| Weighted-average shares outstanding - in millions: | |||
| Basic (in shares) | 376,600 | 378,500 | 378,600 |
| Net effect of dilutive employee stock options (in shares) | 4,300 | 4,300 | 3,500 |
| Diluted (in shares) | 380,900 | 382,800 | 382,100 |
| Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options (in shares) | 0 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net earnings | $ 1,439 | 515 | 1,006 |
| Other comprehensive income, net of tax | |||
| Marketable securities | (3) | 3 | (4) |
| Pension plans | 17 | (55) | 20 |
| Unrealized (losses) gains on designated hedges | (9) | 6 | 7 |
| Financial statement translation | (390) | (440) | 80 |
| Total other comprehensive (loss) income, net of tax | (385) | (486) | 103 |
| Comprehensive income | 1,054 | 29 | 1,109 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2015 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating activities | |||
| Net earnings | $ 1,439 | 515 | 1,006 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 187 | 190 | 169 |
| Amortization of intangible assets | 210 | 188 | 138 |
| Share-based compensation | 86 | 77 | 76 |
| Gross recall charges | 349 | 940 | 622 |
| Sale of inventory stepped up to fair value at acquisition | 7 | 27 | 28 |
| Deferred income tax benefit | 87 | 60 | 23 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (151) | (89) | (89) |
| Inventories | (115) | (173) | (77) |
| Accounts payable | 35 | 13 | 1 |
| Accrued expenses and other liabilities | 73 | 92 | 41 |
| Recall-related payments | (1,206) | (98) | (6) |
| Income taxes | (290) | 133 | (124) |
| Other | 188 | (93) | 78 |
| Net cash provided by operating activities | 899 | 1,782 | 1,886 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (153) | (916) | (2,320) |
| Purchases of marketable securities | (1,715) | (4,365) | (4,558) |
| Proceeds from sales of marketable securities | 4,094 | 3,636 | 4,856 |
| Purchases of property, plant and equipment | (270) | (233) | (195) |
| Net cash provided by (used in) investing activities | 1,956 | (1,878) | (2,217) |
| Financing activities | |||
| Proceeds from borrowings | 1,576 | 1,601 | 369 |
| Payments on borrowings | (2,272) | (1,428) | (355) |
| Proceeds from issuance of long-term debt, net | 744 | 986 | 991 |
| Dividends paid | (521) | (462) | (401) |
| Repurchase of common stock | (700) | (100) | (317) |
| Other financing | 32 | 32 | 13 |
| Net cash (used in) provided by financing activities | (1,141) | 629 | 300 |
| Effect of exchange rate changes on cash and cash equivalents | (130) | (77) | (25) |
| Change in cash and cash equivalents | 1,584 | 456 | (56) |
| Cash and cash equivalents at beginning of year | 1,795 | 1,339 | |
| Cash and cash equivalents at end of year | 3,379 | 1,795 | 1,339 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 497 | 437 | 321 |
| Cash paid for interest on debt | 101 | 102 | 88 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STRYKER CORP | ||
Ticker: SYK Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,379 | 1,795 |
| Marketable securities | 700 | 3,205 |
| Accounts receivable, less allowance of $61 ($59 in 2014) | 1,662 | 1,572 |
| Inventories | ||
| Materials and supplies | 304 | 248 |
| Work in Process | 103 | 88 |
| Finished Goods | 1,232 | 1,252 |
| Total inventories | 1,639 | 1,588 |
| Prepaid expenses and other current assets | 564 | 524 |
| Total current assets | 7,944 | 8,684 |
| Property, plant and equipment | ||
| Land, buildings and improvements | 687 | 678 |
| Machinery and equipment | 2,043 | 1,919 |
| Total property, plant and equipment | 2,730 | 2,597 |
| Less allowance for depreciation | 1,531 | 1,499 |
| Net property, plant and equipment | 1,199 | 1,098 |
| Other assets | ||
| Goodwill | 4,136 | 4,186 |
| Other intangibles, net | 1,794 | 2,018 |
| Other noncurrent assets | 1,174 | 1,293 |
| Total assets | 16,247 | 17,279 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 410 | 329 |
| Accrued compensation | 637 | 597 |
| Income taxes | 141 | 333 |
| Dividend payable | 142 | 131 |
| Accrued recall expenses | 694 | 1,593 |
| Accrued expenses and other liabilities | 710 | 751 |
| Current maturities of debt | 769 | 727 |
| Total current liabilities | 3,503 | 4,461 |
| Long-term debt, excluding current maturities | 3,253 | 3,246 |
| Other noncurrent liabilities | 980 | 977 |
| Shareholders' equity | ||
| Common stock, $0.10 par value: Authorized: 1 billion shares, Outstanding: 378 million shares (378 million in 2013) | 37 | 38 |
| Additional paid-in capital | 1,321 | 1,252 |
| Retained earnings | 7,792 | 7,559 |
| Accumulated other comprehensive income | (639) | (254) |
| Total shareholders' equity | 8,511 | 8,595 |
| Total liabilities & shareholders' equity | 16,247 | 17,279 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2015 | |
| 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 |