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: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating activities | |||
| Net earnings | $ 2,083 | 3,553 | 1,020 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 314 | 306 | 271 |
| Amortization of intangible assets | 464 | 417 | 371 |
| Share-based compensation | 127 | 119 | 113 |
| Recall charges | 192 | 23 | 173 |
| Sale of inventory stepped up to fair value at acquisition | 67 | 16 | 22 |
| Deferred income tax (benefit) expense | 126 | (1,582) | 36 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (563) | (60) | (162) |
| Inventories | (400) | (385) | (320) |
| Accounts payable | 63 | 116 | 21 |
| Accrued expenses and other liabilities | 113 | 289 | 90 |
| Recall-related payments | (177) | (90) | (526) |
| Income taxes | (105) | (156) | 704 |
| Other, net | (113) | 44 | (254) |
| Net cash provided by operating activities | 2,191 | 2,610 | 1,559 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (802) | (2,451) | (831) |
| Purchases of marketable securities | (74) | (226) | (270) |
| Proceeds from sales of marketable securities | 69 | 394 | 87 |
| Purchases of property, plant and equipment | (649) | (572) | (598) |
| Other investing, net | 1 | (2) | (1) |
| Net cash used in investing activities | (1,455) | (2,857) | (1,613) |
| Financing activities | |||
| Proceeds and payments on short-term borrowings, net | (7) | (1) | (200) |
| Proceeds from issuance of long-term debt | 2,642 | 3,126 | 499 |
| Payments on long-term debt | (1,342) | (669) | 0 |
| Dividends paid | (778) | (703) | (636) |
| Repurchases of common stock | (307) | (300) | (230) |
| Cash paid for taxes from withheld shares | (136) | (120) | (95) |
| Payments to purchase noncontrolling interest | 0 | (14) | (99) |
| Other financing, net | (69) | 10 | (33) |
| Net cash provided by (used in) financing activities | 3 | 1,329 | (794) |
| Effect of exchange rate changes on cash and cash equivalents | (18) | (8) | 74 |
| Change in cash and cash equivalents | 721 | 1,074 | (774) |
| Cash and cash equivalents at beginning of year | 3,616 | 2,542 | |
| Cash and cash equivalents at end of year | 4,337 | 3,616 | 2,542 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 457 | 539 | 312 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | 286 | 248 | 231 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2019 | |
| 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 |