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: 2021 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating activities | |||
| Net earnings | $ 1,994 | 1,599 | 2,083 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 371 | 340 | 314 |
| Amortization of intangible assets | 619 | 472 | 464 |
| Asset impairments | 264 | 215 | 16 |
| Share-based compensation | 171 | 142 | 127 |
| Recall charges | 103 | 17 | 192 |
| Sale of inventory stepped up to fair value at acquisition | 266 | 48 | 67 |
| Deferred income tax (benefit) expense | (237) | 48 | 126 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (377) | 354 | (563) |
| Inventories | (189) | 27 | (400) |
| Accounts payable | 329 | 100 | 63 |
| Accrued expenses and other liabilities | 315 | (54) | 113 |
| Recall-related payments | (221) | (17) | (177) |
| Income taxes | (98) | (16) | (105) |
| Other, net | (47) | 2 | (129) |
| Net cash provided by operating activities | 3,263 | 3,277 | 2,191 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (339) | (4,222) | (802) |
| Purchases of marketable securities | (49) | (54) | (74) |
| Proceeds from sales of marketable securities | 55 | 61 | 69 |
| Purchases of property, plant and equipment | (525) | (487) | (649) |
| Other investing, net | (1) | 1 | 1 |
| Net cash used in investing activities | (859) | (4,701) | (1,455) |
| Financing activities | |||
| Proceeds and payments on short-term borrowings, net | (7) | (6) | (7) |
| Proceeds from issuance of long-term debt | 5 | 3,292 | 2,642 |
| Payments on long-term debt | (1,151) | (2,297) | (1,342) |
| Payments of dividends | (950) | (863) | (778) |
| Repurchases of common stock | 0 | 0 | (307) |
| Cash paid for taxes from withheld shares | (114) | (110) | (136) |
| Other financing, net | (148) | (27) | (69) |
| Net cash provided by (used in) financing activities | (2,365) | (11) | 3 |
| Effect of exchange rate changes on cash and cash equivalents | (38) | 41 | (18) |
| Change in cash and cash equivalents | 1 | (1,394) | 721 |
| Cash and cash equivalents at beginning of year | 2,943 | 4,337 | |
| Cash and cash equivalents at end of year | 2,944 | 2,943 | 4,337 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 622 | 323 | 457 |
| Cash paid for interest on debt | 325 | 304 | 286 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2021 | |
| 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 |