Stryker Corporation (SYK) Financial Statements (2024 and earlier)

Company Profile

Business Address 2825 AIRVIEW BLVD
KALAMAZOO, MI 49002
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0531,9283,0193,0244,3373,616
Cash and cash equivalents2,9711,8442,9442,9434,3373,616
Short-term investments82847581  
Receivables3,7653,5653,0222,7012,8932,332
Inventory, net of allowances, customer advances and progress billings4,8433,9953,3143,4943,2822,955
Inventory4,8433,9953,3143,4943,2822,955
Prepaid expense857787662488760747
Other undisclosed current assets     8883
Total current assets:12,51810,27510,0179,70711,3609,733
Noncurrent Assets
Property, plant and equipment3,2152,9702,8332,7522,5672,291
Intangible assets, net (including goodwill)19,83619,76517,75818,33213,29612,726
Goodwill15,24314,88012,91812,7789,0698,563
Intangible assets, net (excluding goodwill)4,5934,8854,8405,5544,2274,163
Regulated entity, other noncurrent assets     5850
Deferred income tax assets1,6701,4101,7601,530 
Other noncurrent assets2,6732,4642,2632,0091,369801
Other undisclosed noncurrent assets     1,5171,628
Total noncurrent assets:27,39426,60924,61424,62318,80717,496
TOTAL ASSETS:39,91236,88434,63134,33030,16727,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6903,1382,6762,1792,0141,913
Interest and dividends payable263237213192
Taxes payable192207171158
Employee-related liabilities1,092925955917
Accounts payable1,5171,4131,129810675646
Accrued liabilities2,1731,725    
Debt2,0941,19177618591,373
Customer refund liability 209230401515  
Other liabilities1,9281,7441,4651,5861,5271,521
Total current liabilities:7,9216,3034,5495,0414,4004,807
Noncurrent Liabilities
Long-term debt and lease obligation10,90111,85712,47213,23010,2318,486
Long-term debt, excluding current maturities10,90111,85712,47213,23010,2318,486
Liabilities, other than long-term debt2,4972,1082,7332,9752,7292,206
Accounts payable and accrued liabilities5676419139901,0681,228
Other liabilities1,9301,4671,8201,9851,661978
Total noncurrent liabilities:13,39813,96515,20516,20512,96010,692
Total liabilities:21,31920,26819,75421,24617,36015,499
Equity
Equity, attributable to parent, including:18,55516,57814,83913,04612,77011,730
Additional paid in capital2,2002,0341,8901,7411,6281,559
Accumulated other comprehensive loss(416)(221)(531)(1,157)(606)(631)
Retained earnings16,77114,76513,48012,46211,74810,765
Other undisclosed equity, attributable to parent      37
Other undisclosed equity3838383837 
Total equity:18,59316,61614,87713,08412,80711,730
TOTAL LIABILITIES AND EQUITY:39,91236,88434,63134,33030,16727,229

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues20,49818,44917,10814,35114,88413,601
Cost of revenue(7,440)(6,871)(6,140)(5,294)(5,188)(4,663)
Gross profit:13,05811,57810,9689,0579,6968,938
Operating expenses(9,170)(8,737)(8,384)(6,834)(6,983)(6,401)
Operating income:3,8882,8412,5842,2232,7132,537
Nonoperating expense(215)(158)(303)(269)(151)(181)
Interest and debt expense (356)(337)(337)(315)(287)(264)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   315287264
Income from continuing operations before equity method investments, income taxes:3,3172,3461,9441,9542,5622,356
Other undisclosed income from continuing operations before income taxes356337337   
Income from continuing operations before income taxes:3,6732,6832,2811,9542,5622,356
Income tax expense (benefit)(508)(325)(287)(355)(479)1,197
Income from continuing operations:3,1652,3581,9941,5992,0833,553
Income before gain (loss) on sale of properties:1,9941,5992,0833,553
Net income available to common stockholders, diluted:3,1652,3581,9941,5992,0833,553

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:3,1652,3581,9941,5992,0833,553
Other comprehensive income (loss)(195)310626(551)25(78)
Comprehensive income, net of tax, attributable to parent:2,9702,6682,6201,0482,1083,475

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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