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: 2015 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 11, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating activities | |||
| Net earnings | $ 1,439 | 515 | 1,006 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 187 | 190 | 169 |
| Amortization of intangible assets | 210 | 188 | 138 |
| Share-based compensation | 86 | 77 | 76 |
| Gross recall charges | 349 | 940 | 622 |
| Sale of inventory stepped up to fair value at acquisition | 7 | 27 | 28 |
| Deferred income tax benefit | 87 | 60 | 23 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (151) | (89) | (89) |
| Inventories | (115) | (173) | (77) |
| Accounts payable | 35 | 13 | 1 |
| Accrued expenses and other liabilities | 73 | 92 | 41 |
| Recall-related payments | (1,206) | (98) | (6) |
| Income taxes | (290) | 133 | (124) |
| Other | 188 | (93) | 78 |
| Net cash provided by operating activities | 899 | 1,782 | 1,886 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (153) | (916) | (2,320) |
| Purchases of marketable securities | (1,715) | (4,365) | (4,558) |
| Proceeds from sales of marketable securities | 4,094 | 3,636 | 4,856 |
| Purchases of property, plant and equipment | (270) | (233) | (195) |
| Net cash provided by (used in) investing activities | 1,956 | (1,878) | (2,217) |
| Financing activities | |||
| Proceeds from borrowings | 1,576 | 1,601 | 369 |
| Payments on borrowings | (2,272) | (1,428) | (355) |
| Proceeds from issuance of long-term debt, net | 744 | 986 | 991 |
| Dividends paid | (521) | (462) | (401) |
| Repurchase of common stock | (700) | (100) | (317) |
| Other financing | 32 | 32 | 13 |
| Net cash (used in) provided by financing activities | (1,141) | 629 | 300 |
| Effect of exchange rate changes on cash and cash equivalents | (130) | (77) | (25) |
| Change in cash and cash equivalents | 1,584 | 456 | (56) |
| Cash and cash equivalents at beginning of year | 1,795 | 1,339 | |
| Cash and cash equivalents at end of year | 3,379 | 1,795 | 1,339 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 497 | 437 | 321 |
| Cash paid for interest on debt | 101 | 102 | 88 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2015 | |
| 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 |