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: 2018 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating activities | |||
| Net earnings (loss) | $ 3,553 | 1,020 | 1,647 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 306 | 271 | 227 |
| Amortization of intangible assets | 417 | 371 | 319 |
| Share-based compensation | 119 | 113 | 97 |
| Recall charges, net of insurance proceeds | 23 | 173 | 158 |
| Sale of inventory stepped up to fair value at acquisition | 16 | 22 | 36 |
| Deferred income tax benefit (expense) | (1,582) | 36 | (46) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (60) | (162) | (192) |
| Inventories | (385) | (320) | (299) |
| Accounts payable | 116 | 21 | (16) |
| Accrued expenses and other liabilities | 289 | 90 | 241 |
| Recall-related payments | (90) | (526) | (190) |
| Income taxes | (156) | 704 | (128) |
| Other, net | 44 | (254) | 61 |
| Net cash provided by operating activities | 2,610 | 1,559 | 1,915 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (2,451) | (831) | (4,332) |
| Purchases of marketable securities | (226) | (270) | (151) |
| Proceeds from sales of marketable securities | 394 | 87 | 785 |
| Purchases of property, plant and equipment | (572) | (598) | (490) |
| Other investing, net | (2) | (1) | (3) |
| Net cash used in investing activities | (2,857) | (1,613) | (4,191) |
| Financing activities | |||
| Proceeds and payments on short-term borrowings, net | (1) | (200) | 209 |
| Proceeds from issuance of long-term debt | (3,126) | (499) | (3,453) |
| Payments on long-term debt | (669) | 0 | (750) |
| Dividends paid | (703) | (636) | (568) |
| Repurchase of common stock | (300) | (230) | (13) |
| Cash paid for taxes from withheld shares | (120) | (95) | (67) |
| Payments to purchase noncontrolling interest | (14) | (99) | 0 |
| Other financing, net | 10 | (33) | (6) |
| Net cash provided by (used in) financing activities | 1,329 | (794) | 2,258 |
| Effect of exchange rate changes on cash and cash equivalents | (8) | 74 | (45) |
| Change in cash and cash equivalents | 1,074 | (774) | (63) |
| Cash and cash equivalents at beginning of year | 2,542 | 3,316 | |
| Cash and cash equivalents at end of year | 3,616 | 2,542 | 3,316 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 539 | 312 | 510 |
| Cash paid for interest on debt | 248 | 231 | 180 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2018 | |
| 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 |