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: 2013 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 13, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating activities | |||
| Net earnings | $ 1,006 | 1,298 | 1,345 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 169 | 154 | 160 |
| Intangible asset amortization | 138 | 123 | 122 |
| Share-based compensation | 76 | 75 | 75 |
| Restructuring charges | 50 | 75 | 76 |
| Sale of inventory stepped up to fair value at acquisition | 28 | 18 | 143 |
| Deferred income tax benefit | 23 | (39) | (164) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (89) | (20) | (152) |
| Inventories | (77) | 18 | (166) |
| Accounts payable | 1 | (48) | 44 |
| Accrued expenses and other liabilities | 657 | 180 | 158 |
| Income taxes | (124) | (159) | (95) |
| Other | 28 | (18) | (112) |
| Net cash provided by operating activities | 1,886 | 1,657 | 1,434 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (2,320) | (154) | (2,066) |
| Purchases of marketable securities | (4,558) | (3,480) | (6,779) |
| Proceeds from sales of marketable securities | 4,856 | 3,108 | 6,869 |
| Purchases of property, plant and equipment | (195) | (210) | (226) |
| Proceeds from sales of property, plant and equipment | 0 | 0 | 67 |
| Net cash used in investing activities | (2,217) | (736) | (2,135) |
| Financing activities | |||
| Proceeds from borrowings | 369 | 178 | 178 |
| Payments on borrowings | (355) | (182) | (190) |
| Proceeds from issuance of long-term debt, net | 991 | 0 | 749 |
| Dividends paid | (401) | (324) | (279) |
| Repurchase and retirement of common stock | (317) | (108) | (622) |
| Other | 13 | (13) | 3 |
| Net cash provided by (used in) financing activities | 300 | (449) | (161) |
| Effect of exchange rate changes on cash and cash equivalents | (25) | 18 | 9 |
| Change in cash and cash equivalents | (56) | 490 | (853) |
| Cash and cash equivalents at beginning of year | 1,395 | 905 | |
| Cash and cash equivalents at end of year | 1,339 | 1,395 | 905 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 321 | 599 | 574 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2013 | |
| 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 |