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: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 11, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating activities | |||
| Net earnings | $ 1,599 | 2,083 | 3,553 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 340 | 314 | 306 |
| Amortization of intangible assets | 472 | 464 | 417 |
| Asset impairments | 215 | 16 | 14 |
| Share-based compensation | 142 | 127 | 119 |
| Recall charges | 17 | 192 | 23 |
| Sale of inventory stepped up to fair value at acquisition | 48 | 67 | 16 |
| Deferred income tax (benefit) expense | 48 | 126 | (1,582) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 354 | (563) | (60) |
| Inventories | 27 | (400) | (385) |
| Accounts payable | 100 | 63 | 116 |
| Accrued expenses and other liabilities | (54) | 113 | 289 |
| Recall-related payments | (17) | (177) | (90) |
| Income taxes | (16) | (105) | (156) |
| Other, net | 2 | (129) | 30 |
| Net cash provided by operating activities | 3,277 | 2,191 | 2,610 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (4,222) | (802) | (2,451) |
| Purchases of marketable securities | (54) | (74) | (226) |
| Proceeds from sales of marketable securities | 61 | 69 | 394 |
| Purchases of property, plant and equipment | (487) | (649) | (572) |
| Other investing, net | 1 | 1 | (2) |
| Net cash used in investing activities | (4,701) | (1,455) | (2,857) |
| Financing activities | |||
| Proceeds and payments on short-term borrowings, net | (6) | (7) | (1) |
| Proceeds from issuance of long-term debt | 3,292 | 2,642 | 3,126 |
| Payments on long-term debt | (2,297) | (1,342) | (669) |
| Dividends paid | (863) | (778) | (703) |
| Repurchases of common stock | 0 | (307) | (300) |
| Cash paid for taxes from withheld shares | (110) | (136) | (120) |
| Payments to purchase noncontrolling interest | 0 | 0 | (14) |
| Other financing, net | (27) | (69) | 10 |
| Net cash provided by (used in) financing activities | (11) | 3 | 1,329 |
| Effect of exchange rate changes on cash and cash equivalents | 41 | (18) | (8) |
| Change in cash and cash equivalents | (1,394) | 721 | 1,074 |
| Cash and cash equivalents at beginning of year | 4,337 | 3,616 | |
| Cash and cash equivalents at end of year | 2,943 | 4,337 | 3,616 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 323 | 457 | 539 |
| Cash paid for interest on debt | 304 | 286 | 248 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2020 | |
| 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 |