10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2016 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 0 |
| Net sales | 11,325 | 9,946 | 9,675 |
| Cost of sales | 3,830 | 3,344 | 3,319 |
| Gross profit | 7,495 | 6,602 | 6,356 |
| Research, development and engineering expenses | 715 | 625 | 614 |
| Selling, general and administrative expenses | 4,137 | 3,610 | 3,547 |
| Recall charges, net of insurance proceeds | 158 | 296 | 761 |
| Amortization of intangible assets | 319 | 210 | 188 |
| Total operating expenses | 5,329 | 4,741 | 5,110 |
| Operating income | 2,166 | 1,861 | 1,246 |
| Other income (expense), net | (245) | (126) | (86) |
| Earnings before income taxes | 1,921 | 1,735 | 1,160 |
| Income taxes | 274 | 296 | 645 |
| Net earnings | 1,647 | 1,439 | 515 |
| Net earnings per share of common stock: | |||
| Basic net earnings per share of common stock (in dollars per share) | 4.40 | 3.82 | 1.36 |
| Diluted net earnings per share of common stock (in dollars per share) | 4.35 | 3.78 | 1.34 |
| Weighted-average shares outstanding: | |||
| Basic (in shares) | 374,100 | 376,600 | 378,500 |
| Net effect of dilutive employee stock options (in shares) | 4,400 | 4,300 | 4,300 |
| Diluted (in shares) | 378,500 | 380,900 | 382,800 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net earnings | $ 1,647 | 1,439 | 515 |
| Other comprehensive (loss) income, net of tax | |||
| Marketable securities | 0 | (3) | 3 |
| Pension plans | (13) | 17 | (55) |
| Unrealized gains (losses) on designated hedges | 20 | (9) | 6 |
| Financial statement translation | (129) | (390) | (440) |
| Total other comprehensive loss, net of tax | (122) | (385) | (486) |
| Comprehensive income | 1,525 | 1,054 | 29 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating activities | |||
| Net earnings | $ 1,647 | 1,439 | 515 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 227 | 187 | 190 |
| Amortization of intangible assets | 319 | 210 | 188 |
| Share-based compensation | 97 | 86 | 77 |
| Recall charges | 158 | 349 | 940 |
| Sale of inventory stepped up to fair value at acquisition | 36 | 7 | 27 |
| Deferred income tax (expense) benefit | (46) | 87 | 60 |
| Excess income tax benefits from stock issued under employee stock plans | (36) | (26) | (21) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (192) | (151) | (89) |
| Inventories | (299) | (115) | (173) |
| Accounts payable | (16) | 35 | 13 |
| Accrued expenses and other liabilities | 174 | 73 | 92 |
| Recall-related payments | (243) | (1,206) | (98) |
| Income taxes | (190) | (290) | 133 |
| Other | 176 | 214 | (72) |
| Net cash provided by operating activities | 1,812 | 899 | 1,782 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (4,332) | (153) | (916) |
| Purchases of marketable securities | (151) | (1,715) | (4,365) |
| Proceeds from sales of marketable securities | 785 | 4,094 | 3,636 |
| Purchases of property, plant and equipment | (490) | (270) | (233) |
| Other investing, net | (3) | 0 | 0 |
| Net cash (used in) provided by investing activities | (4,191) | 1,956 | (1,878) |
| Financing activities | |||
| Proceeds from borrowings | 1,094 | 1,576 | 1,601 |
| Payments on borrowings | (1,635) | (2,272) | (1,428) |
| Proceeds from issuance of long-term debt, net | 3,453 | 744 | 986 |
| Dividends paid | (568) | (521) | (462) |
| Repurchase of common stock | (13) | (700) | (100) |
| Excess income tax benefits from stock issued under employee stock plans | 36 | 26 | 21 |
| Other financing | (6) | 6 | 11 |
| Net cash provided by (used in) financing activities | 2,361 | (1,141) | 629 |
| Effect of exchange rate changes on cash and cash equivalents | (45) | (130) | (77) |
| Change in cash and cash equivalents | (63) | 1,584 | 456 |
| Cash and cash equivalents at beginning of year | 3,379 | 1,795 | |
| Cash and cash equivalents at end of year | 3,316 | 3,379 | 1,795 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 510 | 497 | 437 |
| Cash paid for interest on debt | 180 | 101 | 102 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STRYKER CORP | ||
Ticker: SYK Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 3,316 | 3,379 |
| Marketable securities | 68 | 700 |
| Accounts receivable, less allowance of $56 ($61 in 2015) | 1,967 | 1,662 |
| Inventories: | ||
| Materials and supplies | 425 | 304 |
| Work in process | 130 | 103 |
| Finished goods | 1,475 | 1,232 |
| Total inventories | 2,030 | 1,639 |
| Prepaid expenses and other current assets | 480 | 563 |
| Total current assets | 7,861 | 7,943 |
| Property, plant and equipment: | ||
| Land, buildings and improvements | 820 | 687 |
| Machinery and equipment | 2,341 | 2,043 |
| Total property, plant and equipment | 3,161 | 2,730 |
| Less allowance for depreciation | 1,592 | 1,531 |
| Net property, plant and equipment | 1,569 | 1,199 |
| Goodwill | 6,356 | 4,136 |
| Other intangibles, net | 3,508 | 1,794 |
| Other noncurrent assets | 1,141 | 1,151 |
| Total assets | 20,435 | 16,223 |
| Liabilities and shareholders' equity | ||
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 437 | 410 |
| Accrued compensation | 767 | 637 |
| Income taxes | 40 | 141 |
| Dividend payable | 159 | 142 |
| Accrued recall expenses | 594 | 694 |
| Accrued expenses and other liabilities | 923 | 710 |
| Current maturities of debt | 228 | 768 |
| Total current liabilities | 3,148 | 3,502 |
| Long-term debt, excluding current maturities | 6,686 | 3,230 |
| Other noncurrent liabilities | 1,051 | 980 |
| Liabilities | 10,885 | 7,712 |
| Shareholders' equity | ||
| Common stock, $0.10 par value: Authorized: 1 billion shares, Outstanding: 375 million shares (373 million in 2015) | 37 | 37 |
| Additional paid-in capital | 1,432 | 1,321 |
| Retained earnings | 8,842 | 7,792 |
| Accumulated other comprehensive loss | (761) | (639) |
| Total shareholders' equity | 9,550 | 8,511 |
| Total liabilities & shareholders' equity | 20,435 | 16,223 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2016 | |
| 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 |