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: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Operating Activities | |||
| Net earnings | $ 1,107,400 | 1,147,800 | 1,017,400 |
| Less: Net earnings from discontinued operations | 0 | 0 | (5,000) |
| Less: Net gain on sale of discontinued operations | 0 | 0 | (25,700) |
| Net earnings from continuing operations | 1,107,400 | 1,147,800 | 986,700 |
| Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities: | |||
| Depreciation | 165,200 | 155,400 | 137,100 |
| Amortization | 220,100 | 232,200 | 229,500 |
| Share-based compensation | 62,300 | 65,500 | 61,300 |
| Income tax benefit from exercise of stock options | 12,700 | 44,600 | 53,300 |
| Excess income tax benefit from exercise of stock options | (6,900) | (33,700) | (43,500) |
| Restructuring charges | 67,000 | 34,900 | 0 |
| Payments of restructuring charges | (47,400) | (500) | 0 |
| Intangible asset impairment | 0 | 0 | 19,800 |
| Provision for losses on accounts receivable | 27,900 | 10,400 | 7,300 |
| Deferred income tax credit | (72,700) | (17,600) | (147,100) |
| Other | 10,000 | 200 | 8,200 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (9,800) | (131,200) | (133,500) |
| Inventories | 33,700 | (180,200) | (89,900) |
| Loaner instrumentation | (188,600) | (181,800) | (184,900) |
| Accounts payable | (80,500) | 10,400 | 11,100 |
| Accrued expenses and other liabilities | 66,100 | 54,800 | 20,400 |
| Income taxes | 192,000 | (29,100) | 83,500 |
| Other | (97,800) | (6,200) | 18,900 |
| Net cash used in discontinued operations | 0 | 0 | (9,900) |
| Net cash provided by operating activities | 1,460,700 | 1,175,900 | 1,028,300 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (570,200) | (14,200) | (54,800) |
| Proceeds from sale of discontinued operations, net of cash divested | 0 | 0 | 144,700 |
| Purchases of marketable securities | (4,602,100) | (16,832,300) | (14,851,900) |
| Proceeds from sales of marketable securities | 3,973,700 | 17,303,200 | 13,772,400 |
| Purchases of property, plant and equipment | (131,300) | (155,200) | (187,700) |
| Proceeds from sales of property, plant and equipment | 1,500 | 8,600 | 700 |
| Net cash used by discontinued operations | 0 | 0 | (1,600) |
| Net cash provided by (used in) investing activities | (1,328,400) | 310,100 | (1,178,200) |
| Financing Activities | |||
| Proceeds from borrowings | 16,900 | 26,000 | 103,700 |
| Payments on borrowings | (19,600) | (19,300) | (102,900) |
| Dividends paid | (198,400) | (135,600) | (89,700) |
| Proceeds from exercise of stock options | 6,300 | 50,100 | 69,500 |
| Excess income tax benefit from exercise of stock options | 6,900 | 33,700 | 43,500 |
| Repurchase and retirement of common stock | 0 | (1,000,000) | 0 |
| Other | (5,400) | (1,000) | (10,500) |
| Net cash provided by (used in) financing activities | (193,300) | (1,046,100) | 13,600 |
| Effect of exchange rate changes on cash and cash equivalents | 18,600 | (29,300) | 10,200 |
| Increase (decrease) in cash and cash equivalents | (42,400) | 410,600 | (126,100) |
| Cash and cash equivalents at beginning of year | 701,100 | 290,500 | |
| Cash and cash equivalents at end of year | 658,700 | 701,100 | 290,500 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2009 | |
| 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 |