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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 13, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net earnings | $ 1,345 | 1,273 | 1,107 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 160 | 165 | 165 |
| Amortization | 321 | 245 | 220 |
| Share-based compensation | 75 | 69 | 62 |
| Restructuring charges | 76 | 67 | |
| Property, plant and equipment impairment | 124 | ||
| Payments of restructuring charges | (29) | (9) | (47) |
| Sale of inventory stepped-up to fair value at acquisition | 143 | 7 | |
| Deferred income tax credit | (164) | (104) | (73) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (152) | (121) | (10) |
| Inventories | (166) | (131) | 34 |
| Loaner instrumentation | (224) | (193) | (188) |
| Accounts payable | 44 | 96 | (80) |
| Accrued expenses and other liabilities | 158 | 91 | 66 |
| Income taxes | (95) | (24) | 192 |
| Other | (58) | 59 | (54) |
| Net cash provided by operating activities | 1,434 | 1,547 | 1,461 |
| Investing Activities | |||
| Acquisitions, net of cash acquired | (2,066) | (265) | (570) |
| Purchases of marketable securities | (6,779) | (5,619) | (4,602) |
| Proceeds from sales of marketable securities | 6,869 | 5,210 | 3,974 |
| Purchases of property, plant and equipment | (226) | (182) | (131) |
| Proceeds from Sale of Property, Plant and Equipment | 67 | 61 | 1 |
| Net cash used in investing activities | (2,135) | (795) | (1,328) |
| Financing Activities | |||
| Proceeds from borrowings | 178 | 100 | 17 |
| Payments on borrowings | (190) | (81) | (20) |
| Proceeds from issuance of long-term debt, net | 749 | 996 | |
| Dividends paid | (279) | (238) | (198) |
| Repurchase and retirement of common stock | (622) | (426) | |
| Other | 3 | 59 | 8 |
| Net cash provided by (used in) financing activities | (161) | 410 | (193) |
| Effect of exchange rate changes on cash and cash equivalents | 9 | (63) | 18 |
| Increase (decrease) in cash and cash equivalents | (853) | 1,099 | (42) |
| Cash and cash equivalents at beginning of year | 1,758 | 659 | |
| Cash and cash equivalents at end of year | 905 | 1,758 | 659 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 574 | 579 | 406 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2011 | |
| 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 |