Medtronic plc. (MDT) financial statements (2022 and earlier)

Company profile

Business Address 20 ON HATCH, LOWER HATCH STREET
DUBLIN, 2
State of Incorp.
Fiscal Year End April 30
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,22110,81710,9489,84811,22713,70812,634
Cash and cash equivalents3,4793,5934,1404,3933,6694,9672,876
Short-term investments7,7427,2246,8085,4557,5588,7419,758
Receivables5,4465,4624,6456,2225,9875,5915,562
Inventory, net of allowances, customer advances and progress billings4,5144,3134,2293,7533,5793,3383,473
Inventory4,5144,3134,2293,7533,5793,3383,473
Prepaid expense     475365
Disposal group, including discontinued operation     371 
Other current assets2,1221,9552,2092,1442,187  
Other undisclosed current assets 1   1,3901,566
Total current assets:23,30322,54822,03121,96722,98024,87323,600
Noncurrent Assets
Property, plant and equipment5,2515,2214,8284,6754,6044,3614,841
Long-term investments and receivables    18  
Long-term investments    18  
Intangible assets, net (including goodwill)57,42459,70158,90460,51961,26661,92268,399
Goodwill41,34641,96139,84139,95939,54338,51541,500
Intangible assets, net (excluding goodwill)16,07817,74019,06320,56021,72323,40726,899
Disposal group, including discontinued operation, noncurrent assets     5,919 
Deferred income tax assets3,3093,1692,832
Other noncurrent assets2,5172,4432,0941,0141,0781,2321,559
Other undisclosed noncurrent assets 1 1,5191,4471,5091,383
Total noncurrent assets:68,50170,53568,65867,72768,41374,94376,182
TOTAL ASSETS:91,80493,08390,68989,69491,39399,81699,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3682,5412,4982,5202,6072,3642,275
Accounts payable1,9852,1061,9961,9531,6281,7311,709
Taxes payable383435502567979633566
Debt865112,7768382,0587,520993
Deferred compensation liability2,1522,4822,0992,1891,9881,8601,712
Disposal group, including discontinued operation     34 
Other liabilities3,5423,4752,9932,9253,4312,4422,185
Total current liabilities:8,9278,50910,3668,47210,08414,2207,165
Noncurrent Liabilities
Long-term debt and lease obligation, including:24,29026,37822,02124,48623,69925,92130,247
Long-term debt, excluding current maturities  22,14024,55223,69225,87429,944
Finance lease, liability586245
Other undisclosed long-term debt and lease obligation24,23226,316(164)(66)747303
Liabilities, other than long-term debt5,8756,5927,4306,2236,2338,18110,307
Accounts payable and accrued liabilities2,1152,2512,6822,8383,0512,4052,903
Deferred tax liabilities, net   3,729
Deferred income tax liabilities9681,0281,174
Liability for uncertainty in income taxes   9778681,900 
Liability, pension and other postretirement and postemployment benefits1,3691,5571,9101,6511,4251,6411,759
Disposal group, including discontinued operation, liabilities     720 
Other liabilities1,4231,7561,6647578891,5151,916
Other undisclosed noncurrent liabilities(1)2 3015551,078 
Total noncurrent liabilities:30,16432,97229,45131,01030,48735,18040,554
Total liabilities:39,09141,48139,81739,48240,57149,40047,719
Stockholders' equity
Stockholders' equity attributable to parent52,54251,42850,73750,09150,72050,29452,063
Additional paid in capital25,81426,31926,16526,53228,12729,551 
Accumulated other comprehensive loss(2,879)(3,485)(3,560)(2,711)(1,786)(2,613)(1,868)
Retained earnings29,60728,59428,13226,27024,37923,35653,931
Stockholders' equity attributable to noncontrolling interest171174135121102122 
Total stockholders' equity:52,71351,60250,87250,21250,82250,41652,063
TOTAL LIABILITIES AND EQUITY:91,80493,08390,68989,69491,39399,81699,782

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues31,78530,11728,91330,55729,95329,71028,833
Revenue, net29,95329,71028,833
Cost of revenue
(Cost of Goods and Services Sold)
(10,207)(10,483)(9,424)(9,155)(9,055)(9,291)(9,142)
Gross profit:21,57819,63419,48921,40220,89820,41919,691
Operating expenses(14,789)(14,424)(14,196)(14,512)(13,353)(13,884)(13,624)
Other operating expense, net(917)(315)(71)(258)   
Other undisclosed operating loss(186)(411)(431)(364)(894)(1,205)(776)
Operating income:5,6864,4844,7916,2686,6515,3305,291
Nonoperating income (expense)347336356373(226)  
Investment income, nonoperating    (226)  
Other nonoperating income347336356373   
Interest and debt expense(552)(925)(1,092)(1,444)(1,146)(1,094)(1,386)
Other undisclosed income from continuing operations before equity method investments, income taxes    396366431
Income from continuing operations before income taxes:5,4813,8954,0555,1975,6754,6024,336
Income tax expense (benefit)(546)(265)751(547)(2,580)(578)(798)
Net income:4,9353,6304,8064,6503,0954,0243,538
Net income (loss) attributable to noncontrolling interest(22)(24)(17)(19)94 
Other undisclosed net income attributable to parent1      
Net income available to common stockholders, diluted:4,9143,6064,7894,6313,1044,0283,538

Comprehensive Income ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income:4,9353,6304,8064,6503,0954,0243,538
Other comprehensive income (loss)1,03983(851)(975)1,030(744)(684)
Comprehensive income:5,9743,7133,9553,6754,1253,2802,854
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(32)(15)(16)93 
Comprehensive income, net of tax, attributable to parent:5,9563,6813,9403,6594,1343,2832,854

Statements sources

The financial statements are based on the company's filings with the 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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