Medtronic plc (MDT) financial statements (2021 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)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,63910,9489,84811,22713,70812,63419,480
Cash and cash equivalents5,0774,1404,3933,6694,9672,8764,843
Short-term investments9,5626,8085,4557,5588,7419,75814,637
Receivables5,2154,6456,2225,9875,5915,5625,112
Inventory, net of allowances, customer advances and progress billings4,5084,2293,7533,5793,3383,4733,463
Inventory4,5084,2293,7533,5793,3383,4733,463
Prepaid expense    475365427
Disposal group, including discontinued operation    371  
Other current assets1,9862,2092,1442,187   
Other undisclosed current assets(1)   1,3901,5662,362
Total current assets:26,34722,03121,96722,98024,87323,60030,844
Noncurrent Assets
Property, plant and equipment5,0234,8284,6754,6044,3614,8414,699
Long-term investments and receivables   18  706
Long-term investments   18  706
Intangible assets, net (including goodwill)60,38158,90460,51961,26661,92268,39968,631
Goodwill42,14139,84139,95939,54338,51541,50040,530
Intangible assets, net (excluding goodwill)18,24019,06320,56021,72323,40726,89928,101
Disposal group, including discontinued operation, noncurrent assets    5,919  
Deferred income tax assets3,3102,832
Other noncurrent assets2,2082,0941,0141,0781,2321,5591,737
Other undisclosed noncurrent assets1 1,5191,4471,5091,38368
Total noncurrent assets:70,92368,65867,72768,41374,94376,18275,841
TOTAL ASSETS:97,27090,68989,69491,39399,81699,782106,685
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2192,4982,5202,6072,3642,2752,545
Accounts payable1,8161,9961,9531,6281,7311,7091,610
Taxes payable403502567979633566935
Debt3,8212,7768382,0587,5209932,434
Deferred compensation liability2,4952,0992,1891,9881,8601,7121,611
Liability for uncertainty in income taxes      267
Disposal group, including discontinued operation    34  
Deferred tax liabilities    119
Other liabilities3,9992,9932,9253,4312,4422,1852,464
Other undisclosed current liabilities      (267)
Total current liabilities:12,53410,3668,47210,08414,2207,1659,173
Noncurrent Liabilities
Long-term debt and lease obligation, including:26,50222,02124,48623,69925,92130,24733,752
Long-term debt, excluding current maturities 22,14024,55223,69225,87429,94433,171
Finance lease, liability6545
Other undisclosed long-term debt and lease obligation26,437(164)(66)747303581
Liabilities, other than long-term debt7,3057,4306,2236,2338,18110,30713,123
Accounts payable and accrued liabilities2,2632,6822,8383,0512,4052,9032,476
Deferred tax liabilities, net   3,7294,700
Deferred income tax liabilities1,2321,174
Liability for uncertainty in income taxes  9778681,900 2,593
Liability, pension and other postretirement and postemployment benefits2,0421,9101,6511,4251,6411,7591,535
Disposal group, including discontinued operation, liabilities    720  
Other liabilities1,7681,6647578891,5151,9161,819
Other undisclosed noncurrent liabilities1 3015551,078 (2,593)
Total noncurrent liabilities:33,80829,45131,01030,48735,18040,55444,282
Total liabilities:46,34239,81739,48240,57149,40047,71953,455
Stockholders' equity
Stockholders' equity attributable to parent50,75850,73750,09150,72050,29452,06353,230
Additional paid in capital26,66526,16526,53228,12729,551  
Accumulated other comprehensive loss(3,922)(3,560)(2,711)(1,786)(2,613)(1,868)(1,184)
Retained earnings28,01528,13226,27024,37923,35653,93154,414
Stockholders' equity attributable to noncontrolling interest170135121102122  
Total stockholders' equity:50,92850,87250,21250,82250,41652,06353,230
TOTAL LIABILITIES AND EQUITY:97,27090,68989,69491,39399,81699,782106,685

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

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues27,92628,91330,55729,95329,71028,83320,261
Revenue, net29,95329,71028,83320,261
Cost of revenue
(Cost of Goods and Services Sold)
(10,095)(9,424)(9,155)(9,055)(9,291)(9,142)(6,309)
Gross profit:17,83119,48921,40220,89820,41919,69113,952
Operating expenses(14,117)(14,196)(14,512)(13,353)(13,884)(13,624)(9,174)
Other operating expense, net(100)(71)(258)    
Other undisclosed operating loss(418)(431)(364)(894)(1,205)(776)(1,012)
Operating income:3,1964,7916,2686,6515,3305,2913,766
Nonoperating income (expense)284356373(226)  (118)
Investment income, nonoperating   (226)  97
Other nonoperating income284356373    
Interest and debt expense(946)(1,092)(1,444)(1,146)(1,094)(1,386)(666)
Other undisclosed income from continuing operations before equity method investments, income taxes   396366431504
Income from continuing operations before income taxes:2,5344,0555,1975,6754,6024,3363,486
Income tax expense (benefit)369751(547)(2,580)(578)(798)(811)
Net income:2,9034,8064,6503,0954,0243,5382,675
Net income (loss) attributable to noncontrolling interest(11)(17)(19)94  
Net income available to common stockholders, diluted:2,8924,7894,6313,1044,0283,5382,675

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income:2,9034,8064,6503,0954,0243,5382,675
Other comprehensive income (loss)(1,371)(851)(975)1,030(744)(684)(587)
Comprehensive income:1,5323,9553,6754,1253,2802,8542,088
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(17)(15)(16)93  
Comprehensive income, net of tax, attributable to parent:1,5153,9403,6594,1343,2832,8542,088

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: