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: 2022 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities | |||
| Net earnings | $ 2,358 | 1,994 | 1,599 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation | 371 | 371 | 340 |
| Amortization of intangible assets | 627 | 619 | 472 |
| Goodwill impairment | 216 | 0 | 0 |
| Asset impairments | 54 | 264 | 215 |
| Share-based compensation | 168 | 171 | 142 |
| Recall charges, net | (15) | 103 | 17 |
| Sale of inventory stepped up to fair value at acquisition | 12 | 266 | 48 |
| Deferred income tax (benefit) expense | 58 | (237) | 48 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (579) | (377) | 354 |
| Inventories | (762) | (189) | 27 |
| Accounts payable | 290 | 329 | 100 |
| Accrued expenses and other liabilities | 328 | 315 | (54) |
| Recall-related payments | (157) | (221) | (17) |
| Income taxes | (238) | (98) | (16) |
| Other, net | (107) | (47) | 2 |
| Net cash provided by operating activities | 2,624 | 3,263 | 3,277 |
| Investing activities | |||
| Acquisitions, net of cash acquired | (2,563) | (339) | (4,222) |
| Purchases of marketable securities | (52) | (49) | (54) |
| Proceeds from sales of marketable securities | 43 | 55 | 61 |
| Purchases of property, plant and equipment | (588) | (525) | (487) |
| Proceeds from settlement of net investment hedges | 197 | 0 | 0 |
| Other investing, net | 39 | (1) | 1 |
| Net cash used in investing activities | (2,924) | (859) | (4,701) |
| Financing activities | |||
| Proceeds and payments on short-term borrowings, net | (375) | (7) | (6) |
| Proceeds from issuance of long-term debt | 1,500 | 5 | 3,292 |
| Payments on long-term debt | (653) | (1,151) | (2,297) |
| Payments of dividends | (1,051) | (950) | (863) |
| Cash paid for taxes from withheld shares | (122) | (114) | (110) |
| Other financing, net | (48) | (148) | (27) |
| Net cash provided by (used in) financing activities | (749) | (2,365) | (11) |
| Effect of exchange rate changes on cash and cash equivalents | (51) | (38) | 41 |
| Change in cash and cash equivalents | (1,100) | 1 | (1,394) |
| Cash and cash equivalents at beginning of year | 2,944 | 2,943 | |
| Cash and cash equivalents at end of year | 1,844 | 2,944 | 2,943 |
| Supplemental cash flow disclosure: | |||
| Cash paid for income taxes, net of refunds | 505 | 622 | 323 |
| Cash paid for interest on debt | 324 | 325 | 304 |
| External Links | |
| STRYKER CORP (SYK) Fiscal Year 2022 | |
| 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 |