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 investments8,0058,3217,95910,57310,81710,948
Cash and cash equivalents1,2841,6231,5433,7143,5934,140
Short-term investments6,7216,6986,4166,8597,2246,808
Receivables6,1285,9685,9985,5515,4624,645
Inventory, net of allowances, customer advances and progress billings5,2175,7265,2934,6164,3134,229
Inventory5,2175,7265,2934,6164,3134,229
Other current assets2,5842,4992,4252,3181,9552,209
Other undisclosed current assets 1(1) 11 
Total current assets:21,93522,51321,67523,05922,54822,031
Noncurrent Assets
Property, plant and equipment6,1315,838  5,2214,828
Intangible assets, net (including goodwill)54,21154,85056,26956,09759,70158,904
Goodwill40,98641,16041,42540,50241,96139,841
Intangible assets, net (excluding goodwill)13,22513,69014,84415,59517,74019,063
Deferred income tax assets3,6573,5993,4773,4033,1692,832
Other noncurrent assets4,0474,0363,9593,0082,4432,094
Other undisclosed noncurrent assets  5,5685,4141 
Total noncurrent assets:68,04668,32369,27367,92270,53568,658
TOTAL ASSETS:89,98190,83690,94890,98193,08390,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7403,1013,5022,9802,5412,498
Taxes payable704435502
Accounts payable2,4101,9922,6622,2762,1061,996
Accrued liabilities1,3301,109840   
Debt1,0921,029203,742112,776
Deferred compensation liability2,3752,1741,9492,1212,4822,099
Other liabilities3,5823,4883,5813,5513,4752,993
Other undisclosed current liabilities  1(1)   
Total current liabilities:10,7899,7939,05112,3948,50910,366
Noncurrent Liabilities
Long-term debt and lease obligation, including:23,93224,15324,34420,37226,37822,021
Long-term debt, excluding current maturities      22,140
Finance lease, liability555657566245
Other undisclosed long-term debt and lease obligation23,87724,09724,28720,31626,316(164)
Liabilities, other than long-term debt4,8404,8955,8885,4946,5927,430
Accounts payable and accrued liabilities1,8591,8212,3602,0872,2512,682
Deferred income tax liabilities5156157088841,0281,174
Liability, pension and other postretirement and postemployment benefits1,1011,0491,0931,1131,5571,910
Other liabilities1,3651,4101,7271,4101,7561,664
Other undisclosed noncurrent liabilities  (1)  2 
Total noncurrent liabilities:28,77229,04730,23225,86632,97229,451
Total liabilities:39,56138,84039,28338,26041,48139,817
Equity
Equity, attributable to parent50,21451,79251,48352,55151,42850,737
Additional paid in capital23,12924,58924,59024,56626,31926,165
Accumulated other comprehensive loss(3,318)(3,459)(3,499)(2,265)(3,485)(3,560)
Retained earnings30,40330,66130,39230,25028,59428,132
Other undisclosed equity, attributable to parent  1    
Equity, attributable to noncontrolling interest206204182171174135
Total equity:50,42051,99651,66552,72251,60250,872
Other undisclosed liabilities and equity    (1)  
TOTAL LIABILITIES AND EQUITY:89,98190,83690,94890,98193,08390,689

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
Revenues32,36432,32031,22731,68630,11728,913
Cost of revenue
(Cost of Goods and Services Sold)
(11,216)(11,150)(10,719)(10,145)(10,483)(9,424)
Gross profit:21,14821,17020,50821,54119,63419,489
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:5,1445,6565,4855,7524,4844,791
Nonoperating income
(Other Nonoperating income)
412580515318336356
Interest and debt expense(719)(703)(636)(553)(925)(1,092)
Income from continuing operations before equity method investments, income taxes:4,8375,5335,3645,5173,8954,055
Other undisclosed loss from continuing operations before income taxes (1)    
Income from continuing operations before income taxes:4,8375,5325,3645,5173,8954,055
Income tax expense (benefit)(1,133)(1,299)(1,580)(456)(265)751
Income from continuing operations:3,7044,2333,7845,0613,6304,806
Income before gain (loss) on sale of properties:5,0613,6304,806
Other undisclosed net income11 1  
Net income:3,7054,2343,7845,0623,6304,806
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:3,6764,2013,7585,0393,6064,789

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:3,7054,2343,7845,0623,6304,806
Other comprehensive income (loss)178(271)(1,234)1,21383(851)
Other undisclosed comprehensive income (loss)  (1)(1)  
Comprehensive income:3,8833,9632,5496,2743,7133,955
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  31   
Comprehensive income, net of tax, attributable to parent:3,8563,9322,5246,2583,6813,940

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.

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