Medtronic plc. (MDT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
BUILDING TWO PARKMORE BUSINESS PARK WEST GALWAY, 1 |
| State of Incorp. | |
| Fiscal Year End | April 30 |
| Industry (SIC) | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 7/31/2024 MRQ | 4/30/2024 | 1/31/2024 MRQ | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,005 | 8,321 | 7,959 | 10,573 | 10,817 | 10,948 | |||
| Cash and cash equivalents | 1,284 | 1,623 | 1,543 | 3,714 | 3,593 | 4,140 | |||
| Short-term investments | 6,721 | 6,698 | 6,416 | 6,859 | 7,224 | 6,808 | |||
| Receivables | 6,128 | 5,968 | 5,998 | 5,551 | 5,462 | 4,645 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,217 | 5,726 | 5,293 | 4,616 | 4,313 | 4,229 | |||
| Inventory | 5,217 | 5,726 | 5,293 | 4,616 | 4,313 | 4,229 | |||
| Other current assets | 2,584 | 2,499 | 2,425 | 2,318 | 1,955 | 2,209 | |||
| Other undisclosed current assets | 1 | (1) | 1 | 1 | |||||
| Total current assets: | 21,935 | 22,513 | 21,675 | 23,059 | 22,548 | 22,031 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 6,131 | 5,838 | 5,221 | 4,828 | |||||
| Intangible assets, net (including goodwill) | 54,211 | 54,850 | 56,269 | 56,097 | 59,701 | 58,904 | |||
| Goodwill | 40,986 | 41,160 | 41,425 | 40,502 | 41,961 | 39,841 | |||
| Intangible assets, net (excluding goodwill) | 13,225 | 13,690 | 14,844 | 15,595 | 17,740 | 19,063 | |||
| Deferred income tax assets | 3,657 | 3,599 | 3,477 | 3,403 | 3,169 | 2,832 | |||
| Other noncurrent assets | 4,047 | 4,036 | 3,959 | 3,008 | 2,443 | 2,094 | |||
| Other undisclosed noncurrent assets | 5,568 | 5,414 | 1 | ||||||
| Total noncurrent assets: | 68,046 | 68,323 | 69,273 | 67,922 | 70,535 | 68,658 | |||
| TOTAL ASSETS: | 89,981 | 90,836 | 90,948 | 90,981 | 93,083 | 90,689 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,740 | 3,101 | 3,502 | 2,980 | 2,541 | 2,498 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 704 | 435 | 502 | ||
| Accounts payable | 2,410 | 1,992 | 2,662 | 2,276 | 2,106 | 1,996 | |||
| Accrued liabilities | 1,330 | 1,109 | 840 | ||||||
| Debt | 1,092 | 1,029 | 20 | 3,742 | 11 | 2,776 | |||
| Deferred compensation liability | 2,375 | 2,174 | 1,949 | 2,121 | 2,482 | 2,099 | |||
| Other liabilities | 3,582 | 3,488 | 3,581 | 3,551 | 3,475 | 2,993 | |||
| Other undisclosed current liabilities | 1 | (1) | |||||||
| Total current liabilities: | 10,789 | 9,793 | 9,051 | 12,394 | 8,509 | 10,366 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 23,932 | 24,153 | 24,344 | 20,372 | 26,378 | 22,021 | |||
| Long-term debt, excluding current maturities | 22,140 | ||||||||
| Finance lease, liability | 55 | 56 | 57 | 56 | 62 | 45 | |||
| Other undisclosed long-term debt and lease obligation | 23,877 | 24,097 | 24,287 | 20,316 | 26,316 | (164) | |||
| Liabilities, other than long-term debt | 4,840 | 4,895 | 5,888 | 5,494 | 6,592 | 7,430 | |||
| Accounts payable and accrued liabilities | 1,859 | 1,821 | 2,360 | 2,087 | 2,251 | 2,682 | |||
| Deferred income tax liabilities | 515 | 615 | 708 | 884 | 1,028 | 1,174 | |||
| Liability, pension and other postretirement and postemployment benefits | 1,101 | 1,049 | 1,093 | 1,113 | 1,557 | 1,910 | |||
| Other liabilities | 1,365 | 1,410 | 1,727 | 1,410 | 1,756 | 1,664 | |||
| Other undisclosed noncurrent liabilities | (1) | 2 | |||||||
| Total noncurrent liabilities: | 28,772 | 29,047 | 30,232 | 25,866 | 32,972 | 29,451 | |||
| Total liabilities: | 39,561 | 38,840 | 39,283 | 38,260 | 41,481 | 39,817 | |||
| Equity | |||||||||
| Equity, attributable to parent | 50,214 | 51,792 | 51,483 | 52,551 | 51,428 | 50,737 | |||
| Additional paid in capital | 23,129 | 24,589 | 24,590 | 24,566 | 26,319 | 26,165 | |||
| Accumulated other comprehensive loss | (3,318) | (3,459) | (3,499) | (2,265) | (3,485) | (3,560) | |||
| Retained earnings | 30,403 | 30,661 | 30,392 | 30,250 | 28,594 | 28,132 | |||
| Other undisclosed equity, attributable to parent | 1 | ||||||||
| Equity, attributable to noncontrolling interest | 206 | 204 | 182 | 171 | 174 | 135 | |||
| Total equity: | 50,420 | 51,996 | 51,665 | 52,722 | 51,602 | 50,872 | |||
| Other undisclosed liabilities and equity | (1) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 89,981 | 90,836 | 90,948 | 90,981 | 93,083 | 90,689 | |||
Income Statement (P&L) ($ in millions)
| 7/31/2024 TTM | 4/30/2024 | 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 32,364 | 32,320 | 31,227 | 31,686 | 30,117 | 28,913 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (11,216) | (11,150) | (10,719) | (10,145) | (10,483) | (9,424) | ||
| Gross profit: | 21,148 | 21,170 | 20,508 | 21,541 | 19,634 | 19,489 | ||
| Operating expenses | (15,164) | (14,986) | (14,809) | (14,771) | (14,424) | (14,196) | ||
| Other operating income (expense), net | (464) | (43) | 131 | (862) | (315) | (71) | ||
| Other undisclosed operating loss | (376) | (485) | (345) | (156) | (411) | (431) | ||
| Operating income: | 5,144 | 5,656 | 5,485 | 5,752 | 4,484 | 4,791 | ||
| Nonoperating income (Other Nonoperating income) | 412 | 580 | 515 | 318 | 336 | 356 | ||
| Interest and debt expense | (719) | (703) | (636) | (553) | (925) | (1,092) | ||
| Income from continuing operations before equity method investments, income taxes: | 4,837 | 5,533 | 5,364 | 5,517 | 3,895 | 4,055 | ||
| Other undisclosed loss from continuing operations before income taxes | (1) | |||||||
| Income from continuing operations before income taxes: | 4,837 | 5,532 | 5,364 | 5,517 | 3,895 | 4,055 | ||
| Income tax expense (benefit) | (1,133) | (1,299) | (1,580) | (456) | (265) | 751 | ||
| Income from continuing operations: | 3,704 | 4,233 | 3,784 | 5,061 | 3,630 | 4,806 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 5,061 | 3,630 | 4,806 | |
| Other undisclosed net income | 1 | 1 | 1 | |||||
| Net income: | 3,705 | 4,234 | 3,784 | 5,062 | 3,630 | 4,806 | ||
| Net loss attributable to noncontrolling interest | (28) | (32) | (26) | (22) | (24) | (17) | ||
| Other undisclosed net loss attributable to parent | (1) | (1) | (1) | |||||
| Net income available to common stockholders, diluted: | 3,676 | 4,201 | 3,758 | 5,039 | 3,606 | 4,789 | ||
Comprehensive Income ($ in millions)
| 7/31/2024 TTM | 4/30/2024 | 1/31/2024 TTM | 4/30/2023 | 4/30/2022 | 4/30/2021 | 4/30/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 3,705 | 4,234 | 3,784 | 5,062 | 3,630 | 4,806 | ||
| Other comprehensive income (loss) | 178 | (271) | (1,234) | 1,213 | 83 | (851) | ||
| Other undisclosed comprehensive income (loss) | (1) | (1) | ||||||
| Comprehensive income: | 3,883 | 3,963 | 2,549 | 6,274 | 3,713 | 3,955 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (27) | (34) | (26) | (16) | (32) | (15) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 3 | 1 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 3,856 | 3,932 | 2,524 | 6,258 | 3,681 | 3,940 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.