Medtronic plc. (MDT) Financial Statements (2024 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)

10/31/2023
MRQ
4/30/2023
1/31/2023
MRQ
4/30/2022
4/30/2021
4/30/2020
4/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,95911,13710,57310,81710,9489,848
Cash and cash equivalents1,5434,5213,7143,5934,1404,393
Short-term investments6,4166,6166,8597,2246,8085,455
Receivables5,9985,8875,5515,4624,6456,222
Inventory, net of allowances, customer advances and progress billings5,2935,3754,6164,3134,2293,753
Inventory5,2935,3754,6164,3134,2293,753
Other current assets2,4252,9652,3181,9552,2092,144
Other undisclosed current assets  11  
Total current assets:21,67525,36423,05922,54822,03121,967
Noncurrent Assets
Property, plant and equipment 5,437 5,2214,8284,675
Intangible assets, net (including goodwill)56,26956,83056,09759,70158,90460,519
Goodwill41,42541,56540,50241,96139,84139,959
Intangible assets, net (excluding goodwill)14,84415,26515,59517,74019,06320,560
Deferred income tax assets3,4773,3613,4033,1692,832
Other noncurrent assets3,9593,1423,0082,4432,0941,014
Other undisclosed noncurrent assets 5,568 5,4141 1,519
Total noncurrent assets:69,27368,77067,92270,53568,65867,727
TOTAL ASSETS:90,94894,13490,98193,08390,68989,694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5022,8662,9802,5412,4982,520
Taxes payable704435502567
Accounts payable2,6622,2092,2762,1061,9961,953
Accrued liabilities840657    
Debt205,9183,742112,776838
Deferred compensation liability1,9492,0072,1212,4822,0992,189
Other liabilities3,5813,6303,5513,4752,9932,925
Other undisclosed current liabilities(1)1    
Total current liabilities:9,05114,42212,3948,50910,3668,472
Noncurrent Liabilities
Long-term debt and lease obligation, including:24,34422,21020,37226,37822,02124,486
Long-term debt, excluding current maturities     22,14024,552
Finance lease, liability5755566245
Other undisclosed long-term debt and lease obligation24,28722,15520,31626,316(164)(66)
Liabilities, other than long-term debt5,8885,8855,4946,5927,4306,223
Accounts payable and accrued liabilities2,3602,3052,0872,2512,6822,838
Deferred income tax liabilities7087478841,0281,174
Liability for uncertainty in income taxes      977
Liability, pension and other postretirement and postemployment benefits1,0931,1031,1131,5571,9101,651
Other liabilities1,7271,7301,4101,7561,664757
Other undisclosed noncurrent liabilities (1) 2 301
Total noncurrent liabilities:30,23228,09425,86632,97229,45131,010
Total liabilities:39,28342,51638,26041,48139,81739,482
Equity
Equity, attributable to parent51,48351,44152,55151,42850,73750,091
Additional paid in capital24,59024,51324,56626,31926,16526,532
Accumulated other comprehensive loss(3,499)(3,189)(2,265)(3,485)(3,560)(2,711)
Retained earnings30,39230,11730,25028,59428,13226,270
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest182177171174135121
Total equity:51,66551,61852,72251,60250,87250,212
Other undisclosed liabilities and equity   (1)   
TOTAL LIABILITIES AND EQUITY:90,94894,13490,98193,08390,68989,694

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

10/31/2023
TTM
4/30/2023
1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Revenues31,22730,77231,68630,11728,91330,557
Cost of revenue
(Cost of Goods and Services Sold)
(10,719)(10,331)(10,145)(10,483)(9,424)(9,155)
Gross profit:20,50820,44121,54119,63419,48921,402
Operating expenses(14,809)(14,786)(14,771)(14,424)(14,196)(14,512)
Other operating income (expense), net13144(862)(315)(71)(258)
Other undisclosed operating loss(345)(107)(156)(411)(431)(364)
Operating income:5,4855,5925,7524,4844,7916,268
Nonoperating income
(Other Nonoperating income)
515415318336356373
Interest and debt expense(636)(592)(553)(925)(1,092)(1,444)
Income from continuing operations before equity method investments, income taxes:5,3645,4155,5173,8954,0555,197
Other undisclosed income from continuing operations before income taxes  1    
Income from continuing operations before income taxes:5,3645,4165,5173,8954,0555,197
Income tax expense (benefit)(1,580)(1,327)(456)(265)751(547)
Income from continuing operations:3,7844,0895,0613,6304,8064,650
Income before gain (loss) on sale of properties:2,8605,0613,6304,8064,650
Other undisclosed net income (loss) (2)1   
Net income:3,7844,0875,0623,6304,8064,650
Net loss attributable to noncontrolling interest(26)(22)(22)(24)(17)(19)
Other undisclosed net loss attributable to parent (2)(1)   
Net income available to common stockholders, diluted:3,7584,0635,0393,6064,7894,631

Comprehensive Income ($ in millions)

10/31/2023
TTM
4/30/2023
1/31/2023
TTM
4/30/2022
4/30/2021
4/30/2020
4/30/2019
Net income:3,7844,0875,0623,6304,8064,650
Other comprehensive income (loss)(1,234)(313)1,21383(851)(975)
Other undisclosed comprehensive loss(1)(1)(1)   
Comprehensive income:2,5493,7736,2743,7133,9553,675
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(22)(16)(32)(15)(16)
Other undisclosed comprehensive income, net of tax, attributable to parent12    
Comprehensive income, net of tax, attributable to parent:2,5243,7536,2583,6813,9403,659

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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