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: 2014 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 12, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating activities | |||
| Net earnings | $ 515 | 1,006 | 1,298 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 190 | 169 | 154 |
| Amortization of intangible assets | 188 | 138 | 123 |
| Share-based compensation | 77 | 76 | 75 |
| Gross recall charges | 940 | 622 | 174 |
| Sale of inventory stepped up to fair value at acquisition | 27 | 28 | 18 |
| Deferred income tax benefit | 60 | 23 | (39) |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (89) | (89) | (20) |
| Inventories | (173) | (77) | 18 |
| Accounts payable | 13 | 1 | (48) |
| Accrued expenses and other liabilities | 92 | 41 | 9 |
| Recall related payments | (98) | (6) | (3) |
| Income taxes | 133 | (124) | (159) |
| Other | (93) | 78 | 57 |
| Net cash provided by operating activities | 1,782 | 1,886 | 1,657 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (916) | (2,320) | (154) |
| Purchases of marketable securities | (4,365) | (4,558) | (3,480) |
| Proceeds from sales of marketable securities | 3,636 | 4,856 | 3,108 |
| Purchases of property, plant and equipment | (233) | (195) | (210) |
| Net cash used in investing activities | (1,878) | (2,217) | (736) |
| Financing activities | |||
| Proceeds from borrowings | 1,601 | 369 | 178 |
| Payments on borrowings | (1,428) | (355) | (182) |
| Proceeds from issuance of long-term debt, net | 986 | 991 | |
| Dividends paid | (462) | (401) | (324) |
| Repurchase and retirement of common stock | (100) | (317) | (108) |
| Other financing | 32 | 13 | (13) |
| Net cash provided by (used in) financing activities | 629 | 300 | (449) |
| Effect of exchange rate changes on cash and cash equivalents | (77) | (25) | 18 |
| Change in cash and cash equivalents | 456 | (56) | 490 |
| Cash and cash equivalents at beginning of year | 1,339 | 1,395 | |
| Cash and cash equivalents at end of year | 1,795 | 1,339 | 1,395 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 437 | 321 | 599 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2014 | |
| 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 |