Medtronic plc. (MDT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
20 ON HATCH, LOWER HATCH STREET DUBLIN, 2 |
| 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)Annual | Quarterly
| 4/30/2022 | 1/31/2022 TTM | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,573 | 11,221 | 10,817 | 10,948 | 9,848 | 11,227 | 13,708 | ||
| Cash and cash equivalents | 3,714 | 3,479 | 3,593 | 4,140 | 4,393 | 3,669 | 4,967 | ||
| Short-term investments | 6,859 | 7,742 | 7,224 | 6,808 | 5,455 | 7,558 | 8,741 | ||
| Receivables | 5,551 | 5,446 | 5,462 | 4,645 | 6,222 | 5,987 | 5,591 | ||
| Inventory, net of allowances, customer advances and progress billings | 4,616 | 4,514 | 4,313 | 4,229 | 3,753 | 3,579 | 3,338 | ||
| Inventory | 4,616 | 4,514 | 4,313 | 4,229 | 3,753 | 3,579 | 3,338 | ||
| Prepaid expense | 475 | ||||||||
| Disposal group, including discontinued operation | 371 | ||||||||
| Other current assets | 2,318 | 2,122 | 1,955 | 2,209 | 2,144 | 2,187 | |||
| Other undisclosed current assets | 1 | 1 | 1,390 | ||||||
| Total current assets: | 23,059 | 23,303 | 22,548 | 22,031 | 21,967 | 22,980 | 24,873 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5,251 | 5,221 | 4,828 | 4,675 | 4,604 | 4,361 | |||
| Long-term investments and receivables | 18 | ||||||||
| Long-term investments | 18 | ||||||||
| Intangible assets, net (including goodwill) | 56,097 | 57,424 | 59,701 | 58,904 | 60,519 | 61,266 | 61,922 | ||
| Goodwill | 40,502 | 41,346 | 41,961 | 39,841 | 39,959 | 39,543 | 38,515 | ||
| Intangible assets, net (excluding goodwill) | 15,595 | 16,078 | 17,740 | 19,063 | 20,560 | 21,723 | 23,407 | ||
| Disposal group, including discontinued operation, noncurrent assets | 5,919 | ||||||||
| Deferred income tax assets | 3,403 | 3,309 | 3,169 | 2,832 | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 3,008 | 2,517 | 2,443 | 2,094 | 1,014 | 1,078 | 1,232 | ||
| Other undisclosed noncurrent assets | 5,414 | 1 | 1,519 | 1,447 | 1,509 | ||||
| Total noncurrent assets: | 67,922 | 68,501 | 70,535 | 68,658 | 67,727 | 68,413 | 74,943 | ||
| TOTAL ASSETS: | 90,981 | 91,804 | 93,083 | 90,689 | 89,694 | 91,393 | 99,816 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,980 | 2,368 | 2,541 | 2,498 | 2,520 | 2,607 | 2,364 | ||
| Accounts payable | 2,276 | 1,985 | 2,106 | 1,996 | 1,953 | 1,628 | 1,731 | ||
| Taxes payable | 704 | 383 | 435 | 502 | 567 | 979 | 633 | ||
| Debt | 3,742 | 865 | 11 | 2,776 | 838 | 2,058 | 7,520 | ||
| Deferred compensation liability | 2,121 | 2,152 | 2,482 | 2,099 | 2,189 | 1,988 | 1,860 | ||
| Disposal group, including discontinued operation | 34 | ||||||||
| Other liabilities | 3,551 | 3,542 | 3,475 | 2,993 | 2,925 | 3,431 | 2,442 | ||
| Total current liabilities: | 12,394 | 8,927 | 8,509 | 10,366 | 8,472 | 10,084 | 14,220 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 20,372 | 24,290 | 26,378 | 22,021 | 24,486 | 23,699 | 25,921 | ||
| Long-term debt, excluding current maturities | 22,140 | 24,552 | 23,692 | 25,874 | |||||
| Finance lease, liability | 56 | 58 | 62 | 45 | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 20,316 | 24,232 | 26,316 | (164) | (66) | 7 | 47 | ||
| Liabilities, other than long-term debt | 5,494 | 5,875 | 6,592 | 7,430 | 6,223 | 6,233 | 8,181 | ||
| Accounts payable and accrued liabilities | 2,087 | 2,115 | 2,251 | 2,682 | 2,838 | 3,051 | 2,405 | ||
| Deferred income tax liabilities | 884 | 968 | 1,028 | 1,174 | ✕ | ✕ | ✕ | ||
| Liability for uncertainty in income taxes | 977 | 868 | 1,900 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 1,113 | 1,369 | 1,557 | 1,910 | 1,651 | 1,425 | 1,641 | ||
| Disposal group, including discontinued operation, liabilities | 720 | ||||||||
| Other liabilities | 1,410 | 1,423 | 1,756 | 1,664 | 757 | 889 | 1,515 | ||
| Other undisclosed noncurrent liabilities | (1) | 2 | 301 | 555 | 1,078 | ||||
| Total noncurrent liabilities: | 25,866 | 30,164 | 32,972 | 29,451 | 31,010 | 30,487 | 35,180 | ||
| Total liabilities: | 38,260 | 39,091 | 41,481 | 39,817 | 39,482 | 40,571 | 49,400 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 52,551 | 52,542 | 51,428 | 50,737 | 50,091 | 50,720 | 50,294 | ||
| Additional paid in capital | 24,566 | 25,814 | 26,319 | 26,165 | 26,532 | 28,127 | 29,551 | ||
| Accumulated other comprehensive loss | (2,265) | (2,879) | (3,485) | (3,560) | (2,711) | (1,786) | (2,613) | ||
| Retained earnings | 30,250 | 29,607 | 28,594 | 28,132 | 26,270 | 24,379 | 23,356 | ||
| Stockholders' equity attributable to noncontrolling interest | 171 | 171 | 174 | 135 | 121 | 102 | 122 | ||
| Total stockholders' equity: | 52,722 | 52,713 | 51,602 | 50,872 | 50,212 | 50,822 | 50,416 | ||
| Other undisclosed liabilities and equity | (1) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 90,981 | 91,804 | 93,083 | 90,689 | 89,694 | 91,393 | 99,816 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 4/30/2022 | 1/31/2022 TTM | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 31,686 | 31,785 | 30,117 | 28,913 | 30,557 | 29,953 | 29,710 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 29,953 | 29,710 | |
| Cost of revenue (Cost of Goods and Services Sold) | (10,145) | (10,207) | (10,483) | (9,424) | (9,155) | (9,055) | (9,291) | |
| Gross profit: | 21,541 | 21,578 | 19,634 | 19,489 | 21,402 | 20,898 | 20,419 | |
| Operating expenses | (14,771) | (14,789) | (14,424) | (14,196) | (14,512) | (13,353) | (13,884) | |
| Other operating expense, net | (862) | (917) | (315) | (71) | (258) | |||
| Other undisclosed operating loss | (156) | (186) | (411) | (431) | (364) | (894) | (1,205) | |
| Operating income: | 5,752 | 5,686 | 4,484 | 4,791 | 6,268 | 6,651 | 5,330 | |
| Nonoperating income (expense) | 318 | 347 | 336 | 356 | 373 | (226) | ||
| Investment income, nonoperating | (226) | |||||||
| Other nonoperating income | 318 | 347 | 336 | 356 | 373 | |||
| Interest and debt expense | (553) | (552) | (925) | (1,092) | (1,444) | (1,146) | (1,094) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 396 | 366 | ||||||
| Income from continuing operations before income taxes: | 5,517 | 5,481 | 3,895 | 4,055 | 5,197 | 5,675 | 4,602 | |
| Income tax expense (benefit) | (456) | (546) | (265) | 751 | (547) | (2,580) | (578) | |
| Income before gain (loss) on sale of properties: | 5,061 | 4,935 | 3,630 | 4,806 | 4,650 | 3,095 | 4,024 | |
| Other undisclosed net income | 1 | |||||||
| Net income: | 5,062 | 4,935 | 3,630 | 4,806 | 4,650 | 3,095 | 4,024 | |
| Net income (loss) attributable to noncontrolling interest | (22) | (22) | (24) | (17) | (19) | 9 | 4 | |
| Other undisclosed net income (loss) attributable to parent | (1) | 1 | ||||||
| Net income available to common stockholders, diluted: | 5,039 | 4,914 | 3,606 | 4,789 | 4,631 | 3,104 | 4,028 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 4/30/2022 | 1/31/2022 TTM | 4/30/2021 | 4/30/2020 | 4/30/2019 | 4/30/2018 | 4/30/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,062 | 4,935 | 3,630 | 4,806 | 4,650 | 3,095 | 4,024 | |
| Other comprehensive income (loss) | 1,213 | 1,039 | 83 | (851) | (975) | 1,030 | (744) | |
| Other undisclosed comprehensive loss | (1) | |||||||
| Comprehensive income: | 6,274 | 5,974 | 3,713 | 3,955 | 3,675 | 4,125 | 3,280 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (16) | (18) | (32) | (15) | (16) | 9 | 3 | |
| Comprehensive income, net of tax, attributable to parent: | 6,258 | 5,956 | 3,681 | 3,940 | 3,659 | 4,134 | 3,283 | |
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.