← STRYKER CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net earnings | $1.6b | $1.0b | $3.6b | $2.1b | $1.6b | $2.0b | $2.4b | $3.2b | $3.0b | $3.2b | |
| Net Income (Loss) Attributable to Parent | $1.6b | $1.0b | $3.6b | $2.1b | $1.6b | $2.0b | $2.4b | $3.2b | $3.0b | $3.2b | |
| Amortization | $319.0m | $371.0m | $417.0m | $464.0m | $472.0m | $619.0m | $627.0m | $635.0m | $623.0m | $732.0m | |
| Amortization of Intangible Assets | $319.0m | $371.0m | $417.0m | $464.0m | $472.0m | $619.0m | $627.0m | $635.0m | $623.0m | $732.0m | |
| Depreciation | $227.0m | $271.0m | $306.0m | $314.0m | $340.0m | $371.0m | $371.0m | $393.0m | $427.0m | $461.0m | |
| Depreciation, Depletion and Amortization | $752.0m | $859.0m | $966.0m | $1.0b | $1.1b | $1.3b | $1.3b | $1.3b | $1.4b | $1.6b | |
| Deferred Income Tax Expense (Benefit) | ($46.0m) | $36.0m | ($1.6b) | $126.0m | $48.0m | ($237.0m) | $58.0m | ($206.0m) | ($370.0m) | $392.0m | |
| Deferred income tax (benefit) expense | ($46.0m) | $36.0m | ($1.6b) | $126.0m | $48.0m | ($237.0m) | $58.0m | ($206.0m) | ($370.0m) | $392.0m | |
| Goodwill and other impairments | — | — | $14.0m | $16.0m | $215.0m | $264.0m | $270.0m | $36.0m | $977.0m | $170.0m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $0 | $0 | $216.0m | $0 | $456.0m | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $95.0m | $120.0m | $136.0m | $110.0m | $114.0m | $122.0m | $155.0m | $195.0m | $149.0m | |
| Share-based Payment Arrangement, Noncash Expense | $97.0m | $113.0m | $119.0m | $127.0m | $142.0m | $171.0m | $168.0m | $205.0m | $229.0m | $243.0m | |
| Share-based compensation | $97.0m | $113.0m | $119.0m | $127.0m | $142.0m | $171.0m | $168.0m | $205.0m | $229.0m | $243.0m | |
| Income Tax Expense (Benefit) | $274.0m | $1.0b | ($1.2b) | $479.0m | $355.0m | $287.0m | $325.0m | $508.0m | $499.0m | $1.3b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $607.0m | |
| Operating Lease, Expense | — | — | — | $133.0m | $130.0m | $133.0m | $149.0m | $172.0m | $190.0m | $205.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | ($16.0m) | $21.0m | $116.0m | $63.0m | $100.0m | $329.0m | $290.0m | $77.0m | $192.0m | $94.0m | |
| Accounts receivable | ($192.0m) | ($162.0m) | ($60.0m) | ($563.0m) | $354.0m | ($377.0m) | ($579.0m) | ($175.0m) | ($321.0m) | $127.0m | |
| Accrued expenses and other liabilities | $174.0m | $90.0m | $289.0m | $113.0m | ($54.0m) | $315.0m | $328.0m | $533.0m | $74.0m | $318.0m | |
| Acquisitions, net of cash acquired | ($4.3b) | ($831.0m) | ($2.5b) | ($802.0m) | ($4.2b) | ($339.0m) | ($2.6b) | ($390.0m) | ($1.6b) | ($5.0b) | |
| Goodwill | $6.4b | $7.2b | $8.6b | $9.1b | $12.8b | $12.9b | $14.9b | $15.2b | $15.9b | $19.3b | |
| Income taxes | ($190.0m) | $704.0m | ($156.0m) | ($105.0m) | ($16.0m) | ($98.0m) | ($238.0m) | ($4.0m) | ($116.0m) | ($145.0m) | |
| Increase (Decrease) in Accounts Receivable | $192.0m | $162.0m | $60.0m | $563.0m | ($354.0m) | $377.0m | $579.0m | $175.0m | $321.0m | ($127.0m) | |
| Increase (Decrease) in Inventories | $299.0m | $320.0m | $385.0m | $400.0m | ($27.0m) | $189.0m | $762.0m | $797.0m | $206.0m | $297.0m | |
| Inventories | ($299.0m) | ($320.0m) | ($385.0m) | ($400.0m) | $27.0m | ($189.0m) | ($762.0m) | ($797.0m) | ($206.0m) | ($297.0m) | |
| Nonoperating Income (Expense) | ($245.0m) | ($227.0m) | ($181.0m) | ($151.0m) | ($269.0m) | ($303.0m) | ($158.0m) | ($215.0m) | ($197.0m) | $232.0m | |
| Operating Expenses | $5.3b | $5.9b | $6.4b | $7.0b | $6.8b | $8.4b | $8.7b | $9.2b | $10.8b | $11.2b | |
| Other, net | $176.0m | ($254.0m) | $44.0m | ($113.0m) | $2.0m | ($47.0m) | ($107.0m) | ($134.0m) | ($306.0m) | ($470.0m) | |
| Proceeds (payments) on short-term borrowings, net | $209.0m | ($200.0m) | ($1.0m) | ($7.0m) | ($6.0m) | ($7.0m) | ($375.0m) | $540.0m | ($32.0m) | $0 | |
| Proceeds from the sale of the Spinal Implants business | — | — | — | — | — | — | — | $0 | $0 | $165.0m | |
| Sale of inventory stepped up to fair value at acquisition | $36.0m | $22.0m | $16.0m | $67.0m | $48.0m | $266.0m | $12.0m | $0 | $46.0m | $173.0m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | ($57.0m) | $50.0m | $12.0m | ($13.0m) | ($8.0m) | $11.0m | |
| Net Cash Provided by (Used in) Operating Activities | $1.8b | $1.6b | $2.6b | $2.2b | $3.3b | $3.3b | $2.6b | $3.7b | $4.2b | $5.0b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $490.0m | $598.0m | $572.0m | $649.0m | $487.0m | $525.0m | $588.0m | $575.0m | $755.0m | $761.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $4.3b | $831.0m | $2.5b | $802.0m | $4.2b | $339.0m | $2.6b | $390.0m | $1.6b | $5.0b | |
| Proceeds/(Purchases) of short-term investments | — | — | — | — | — | — | — | $0 | ($750.0m) | $750.0m | |
| Other investing, net | ($3.0m) | ($1.0m) | ($2.0m) | $1.0m | $1.0m | ($1.0m) | $39.0m | $1.0m | $43.0m | ($60.0m) | |
| Payments for (Proceeds from) Other Investing Activities | $3.0m | $1.0m | $2.0m | ($1.0m) | ($1.0m) | $1.0m | ($39.0m) | ($1.0m) | ($43.0m) | $60.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($4.2b) | ($1.6b) | ($2.9b) | ($1.5b) | ($4.7b) | ($859.0m) | ($2.9b) | ($962.0m) | ($3.0b) | ($4.9b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $3.5b | $499.0m | $3.1b | $2.6b | $3.3b | $5.0m | $1.5b | $1.2b | $3.0b | $3.0b | |
| Payments on long-term debt | ($750.0m) | $0 | ($669.0m) | ($1.3b) | ($2.3b) | ($1.2b) | ($653.0m) | ($2.1b) | ($2.0b) | ($1.4b) | |
| Repayments of Long-term Debt | — | — | $669.0m | $1.3b | $2.3b | $1.2b | $653.0m | $2.1b | $2.0b | $1.4b | |
| Payments for Repurchase of Common Stock | $13.0m | $230.0m | $300.0m | $307.0m | $0 | $0 | — | — | — | — | |
| Dividends Payable, Current | $159.0m | $178.0m | $192.0m | $213.0m | $237.0m | $263.0m | $284.0m | $304.0m | $320.0m | $337.0m | |
| Dividends paid | $568.0m | $636.0m | $703.0m | $778.0m | $863.0m | $950.0m | $1.1b | $1.1b | $1.2b | $1.3b | |
| Payments of dividends | ($568) | ($636) | ($703) | ($778) | ($863) | ($950) | ($1k) | ($1k) | ($1k) | ($1k) | |
| Other financing, net | ($6.0m) | ($33.0m) | $10.0m | ($69.0m) | ($27.0m) | ($148.0m) | ($48.0m) | ($23.0m) | ($51.0m) | ($33.0m) | |
| Proceeds from (Payments for) Other Financing Activities | ($6.0m) | ($33.0m) | $10.0m | ($69.0m) | ($27.0m) | ($148.0m) | ($48.0m) | ($23.0m) | ($51.0m) | ($33.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $2.4b | ($794.0m) | $1.3b | $3.0m | ($11.0m) | ($2.4b) | ($749.0m) | ($1.6b) | ($525.0m) | $113.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($45.0m) | $74.0m | ($8.0m) | ($18.0m) | $41.0m | ($38.0m) | ($51.0m) | ($28.0m) | ($36.0m) | $68.0m | |
| Effect of exchange rate changes on cash and cash equivalents | ($45.0m) | $74.0m | ($8.0m) | ($18.0m) | $41.0m | ($38.0m) | ($51.0m) | ($28.0m) | ($36.0m) | $68.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($45.0m) | $74.0m | ($8.0m) | ($18.0m) | ($1.4b) | $1.0m | ($1.1b) | $1.1b | $681.0m | $359.0m | |
| Cash and cash equivalents at beginning of year | $3.4b | $3.3b | $2.5b | $3.6b | $2.9b | $2.9b | $1.8b | $3.0b | $3.7b | $4.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $2.9b | $2.9b | $1.8b | $3.0b | $3.7b | $4.0b | |
| Change in cash and cash equivalents | ($63.0m) | ($774.0m) | $1.1b | $721.0m | ($1.4b) | $1.0m | ($1.1b) | $1.1b | $681.0m | $359.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $180.0m | $264.0m | $248.0m | $286.0m | $304.0m | $325.0m | $324.0m | $356.0m | $396.0m | $582.0m | |
| Income Taxes Paid, Net | $510.0m | $312.0m | $539.0m | $457.0m | $323.0m | $622.0m | $505.0m | $693.0m | $989.0m | $1.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.