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: 2017 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 8, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net earnings | $ 1,020 | 1,647 | 1,439 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 271 | 227 | 187 |
| Amortization of intangible assets | 371 | 319 | 210 |
| Share-based compensation | 113 | 97 | 86 |
| Recall charges | 173 | 158 | 349 |
| Sale of inventory stepped up to fair value at acquisition | 22 | 36 | 7 |
| Deferred income tax benefit (expense) | 36 | (46) | 87 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (162) | (192) | (151) |
| Inventories | (320) | (299) | (115) |
| Accounts payable | 21 | (16) | 35 |
| Accrued expenses and other liabilities | 90 | 241 | 129 |
| Recall-related payments | (526) | (190) | (1,206) |
| Income taxes | 704 | (128) | (238) |
| Other, net | (254) | 61 | 162 |
| Net cash provided by operating activities | 1,559 | 1,915 | 981 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (831) | (4,332) | (153) |
| Purchases of marketable securities | (270) | (151) | (1,715) |
| Proceeds from sales of marketable securities | 87 | 785 | 4,094 |
| Purchases of property, plant and equipment | (598) | (490) | (270) |
| Other investing, net | (1) | (3) | 0 |
| Net cash (used in) provided by investing activities | (1,613) | (4,191) | 1,956 |
| Financing activities | |||
| Proceeds from borrowings | 733 | 1,094 | 1,576 |
| Payments on borrowings | (933) | (1,635) | (2,272) |
| Proceeds from issuance of long-term debt, net | 499 | 3,453 | 744 |
| Dividends paid | (636) | (568) | (521) |
| Repurchase of common stock | (230) | (13) | (700) |
| Cash paid for taxes from withheld shares | (95) | (67) | (56) |
| Payments to purchase noncontrolling interest | (99) | 0 | 0 |
| Other financing, net | (33) | (6) | 6 |
| Net cash (used in) provided by financing activities | (794) | 2,258 | (1,223) |
| Effect of exchange rate changes on cash and cash equivalents | 74 | (45) | (130) |
| Change in cash and cash equivalents | (774) | (63) | 1,584 |
| Cash and cash equivalents at beginning of year | 3,316 | 3,379 | |
| Cash and cash equivalents at end of year | 2,542 | 3,316 | 3,379 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 312 | 510 | 497 |
| Cash paid for interest on debt | 264 | 180 | 101 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2017 | |
| 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 |