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: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating activities | |||
| Net earnings | $ 1,647 | 1,439 | 515 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 227 | 187 | 190 |
| Amortization of intangible assets | 319 | 210 | 188 |
| Share-based compensation | 97 | 86 | 77 |
| Recall charges | 158 | 349 | 940 |
| Sale of inventory stepped up to fair value at acquisition | 36 | 7 | 27 |
| Deferred income tax (expense) benefit | (46) | 87 | 60 |
| Excess income tax benefits from stock issued under employee stock plans | (36) | (26) | (21) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (192) | (151) | (89) |
| Inventories | (299) | (115) | (173) |
| Accounts payable | (16) | 35 | 13 |
| Accrued expenses and other liabilities | 174 | 73 | 92 |
| Recall-related payments | (243) | (1,206) | (98) |
| Income taxes | (190) | (290) | 133 |
| Other | 176 | 214 | (72) |
| Net cash provided by operating activities | 1,812 | 899 | 1,782 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (4,332) | (153) | (916) |
| Purchases of marketable securities | (151) | (1,715) | (4,365) |
| Proceeds from sales of marketable securities | 785 | 4,094 | 3,636 |
| Purchases of property, plant and equipment | (490) | (270) | (233) |
| Other investing, net | (3) | 0 | 0 |
| Net cash (used in) provided by investing activities | (4,191) | 1,956 | (1,878) |
| Financing activities | |||
| Proceeds from borrowings | 1,094 | 1,576 | 1,601 |
| Payments on borrowings | (1,635) | (2,272) | (1,428) |
| Proceeds from issuance of long-term debt, net | 3,453 | 744 | 986 |
| Dividends paid | (568) | (521) | (462) |
| Repurchase of common stock | (13) | (700) | (100) |
| Excess income tax benefits from stock issued under employee stock plans | 36 | 26 | 21 |
| Other financing | (6) | 6 | 11 |
| Net cash provided by (used in) financing activities | 2,361 | (1,141) | 629 |
| Effect of exchange rate changes on cash and cash equivalents | (45) | (130) | (77) |
| Change in cash and cash equivalents | (63) | 1,584 | 456 |
| Cash and cash equivalents at beginning of year | 3,379 | 1,795 | |
| Cash and cash equivalents at end of year | 3,316 | 3,379 | 1,795 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 510 | 497 | 437 |
| Cash paid for interest on debt | 180 | 101 | 102 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2016 | |
| 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 |