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: 2019 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net sales | $ 14,884 | 13,601 | 12,444 |
| Cost of sales | 5,188 | 4,663 | 4,264 |
| Gross profit | 9,696 | 8,938 | 8,180 |
| Research, development and engineering expenses | 971 | 862 | 787 |
| Selling, general and administrative expenses | 5,356 | 5,099 | 4,552 |
| Recall charges | 192 | 23 | 173 |
| Amortization of intangible assets | 464 | 417 | 371 |
| Total operating expenses | 6,983 | 6,401 | 5,883 |
| Operating income | 2,713 | 2,537 | 2,297 |
| Other income (expense), net | (151) | (181) | (234) |
| Earnings before income taxes | 2,562 | 2,356 | 2,063 |
| Income taxes | 479 | (1,197) | 1,043 |
| Net earnings | 2,083 | 3,553 | 1,020 |
| Net earnings per share of common stock: | |||
| Basic net earnings per share of common stock (in dollars per share) | 5.57 | 9.50 | 2.73 |
| Diluted net earnings per share of common stock (in dollars per share) | 5.48 | 9.34 | 2.68 |
| Weighted-average shares outstanding (in millions): | |||
| Basic (in shares) | 374,000 | 374,100 | 374,000 |
| Effect of dilutive employee stock compensation (in shares) | 5,900 | 6,200 | 6,100 |
| Diluted (in shares) | 379,900 | 380,300 | 380,100 |
| Anti-dilutive shares excluded from the calculation of dilutive employee stock compensation | 0 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net earnings | $ 2,083 | 3,553 | 1,020 |
| Other comprehensive income (loss), net of tax | |||
| Marketable securities | 1 | 0 | (4) |
| Pension plans | (42) | (3) | (2) |
| Unrealized gains (losses) on designated hedges | (3) | 22 | 4 |
| Financial statement translation | 69 | (97) | 210 |
| Total other comprehensive income (loss), net of tax | 25 | (78) | 208 |
| Comprehensive income | 2,108 | 3,475 | 1,228 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STRYKER CORP | |||
Ticker: SYK Fiscal Year: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating activities | |||
| Net earnings | $ 2,083 | 3,553 | 1,020 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 314 | 306 | 271 |
| Amortization of intangible assets | 464 | 417 | 371 |
| Share-based compensation | 127 | 119 | 113 |
| Recall charges | 192 | 23 | 173 |
| Sale of inventory stepped up to fair value at acquisition | 67 | 16 | 22 |
| Deferred income tax (benefit) expense | 126 | (1,582) | 36 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (563) | (60) | (162) |
| Inventories | (400) | (385) | (320) |
| Accounts payable | 63 | 116 | 21 |
| Accrued expenses and other liabilities | 113 | 289 | 90 |
| Recall-related payments | (177) | (90) | (526) |
| Income taxes | (105) | (156) | 704 |
| Other, net | (113) | 44 | (254) |
| Net cash provided by operating activities | 2,191 | 2,610 | 1,559 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (802) | (2,451) | (831) |
| Purchases of marketable securities | (74) | (226) | (270) |
| Proceeds from sales of marketable securities | 69 | 394 | 87 |
| Purchases of property, plant and equipment | (649) | (572) | (598) |
| Other investing, net | 1 | (2) | (1) |
| Net cash used in investing activities | (1,455) | (2,857) | (1,613) |
| Financing activities | |||
| Proceeds and payments on short-term borrowings, net | (7) | (1) | (200) |
| Proceeds from issuance of long-term debt | 2,642 | 3,126 | 499 |
| Payments on long-term debt | (1,342) | (669) | 0 |
| Dividends paid | (778) | (703) | (636) |
| Repurchases of common stock | (307) | (300) | (230) |
| Cash paid for taxes from withheld shares | (136) | (120) | (95) |
| Payments to purchase noncontrolling interest | 0 | (14) | (99) |
| Other financing, net | (69) | 10 | (33) |
| Net cash provided by (used in) financing activities | 3 | 1,329 | (794) |
| Effect of exchange rate changes on cash and cash equivalents | (18) | (8) | 74 |
| Change in cash and cash equivalents | 721 | 1,074 | (774) |
| Cash and cash equivalents at beginning of year | 3,616 | 2,542 | |
| Cash and cash equivalents at end of year | 4,337 | 3,616 | 2,542 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 457 | 539 | 312 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | 286 | 248 | 231 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STRYKER CORP | ||
Ticker: SYK Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 4,337 | 3,616 |
| Marketable securities | 88 | 83 |
| Accounts receivable, less allowance of $88 ($64 in 2018) | 2,893 | 2,332 |
| Inventories: | ||
| Materials and supplies | 677 | 606 |
| Work in process | 178 | 149 |
| Finished goods | 2,427 | 2,200 |
| Total inventories | 3,282 | 2,955 |
| Prepaid expenses and other current assets | 760 | 747 |
| Total current assets | 11,360 | 9,733 |
| Property, plant and equipment: | ||
| Land, buildings and improvements | 1,263 | 1,041 |
| Machinery and equipment | 3,451 | 3,236 |
| Total property, plant and equipment | 4,714 | 4,277 |
| Less allowance for depreciation | 2,147 | 1,986 |
| Property, plant and equipment, net | 2,567 | 2,291 |
| Goodwill | 9,069 | 8,563 |
| Other intangibles, net | 4,227 | 4,163 |
| Noncurrent deferred income tax assets | 1,575 | 1,678 |
| Other noncurrent assets | 1,369 | 801 |
| Total assets | 30,167 | 27,229 |
| Liabilities and shareholders' equity | ||
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | 675 | 646 |
| Accrued compensation | 955 | 917 |
| Income taxes | 171 | 158 |
| Dividend payable | 213 | 192 |
| Accrued expenses and other liabilities | 1,527 | 1,521 |
| Current maturities of debt | 859 | 1,373 |
| Total current liabilities | 4,400 | 4,807 |
| Long-term debt, excluding current maturities | 10,231 | 8,486 |
| Income taxes | 1,068 | 1,228 |
| Other noncurrent liabilities | 1,661 | 978 |
| Total liabilities | 17,360 | 15,499 |
| Shareholders' equity | ||
| Common stock, $0.10 par value | 37 | 37 |
| Additional paid-in capital | 1,628 | 1,559 |
| Retained earnings | 11,748 | 10,765 |
| Accumulated other comprehensive loss | (606) | (631) |
| Total shareholders' equity | 12,807 | 11,730 |
| Total liabilities & shareholders' equity | 30,167 | 27,229 |
| External Links | |
| STRYKER CORP (SYK) 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 |