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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9283,0193,0244,3373,6162,793
Cash and cash equivalents1,8442,9442,9434,3373,6162,542
Short-term investments847581  251
Receivables3,5653,0222,7012,8932,3322,198
Inventory, net of allowances, customer advances and progress billings3,9953,3143,4943,2822,9552,465
Inventory3,9953,3143,4943,2822,9552,465
Prepaid expense787662488760747537
Other undisclosed current assets    8883 
Total current assets:10,27510,0179,70711,3609,7337,993
Noncurrent Assets
Property, plant and equipment2,9702,8332,7522,5672,2911,975
Intangible assets, net (including goodwill)19,76517,75818,33213,29612,72610,645
Goodwill14,88012,91812,7789,0698,5637,168
Intangible assets, net (excluding goodwill)4,8854,8405,5544,2274,1633,477
Regulated entity, other noncurrent assets    5850 
Deferred income tax assets1,4101,7601,530 
Other noncurrent assets2,4642,2632,0091,3698011,584
Other undisclosed noncurrent assets    1,5171,628 
Total noncurrent assets:26,60924,61424,62318,80717,49614,204
TOTAL ASSETS:36,88434,63134,33030,16727,22922,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1382,6762,1792,0141,9131,646
Interest and dividends payable263237213192178
Taxes payable192207171158143
Employee-related liabilities1,092925955917838
Accounts payable1,4131,129810675646487
Accrued liabilities1,725     
Debt1,19177618591,373632
Customer refund liability230401515   
Other liabilities1,7441,4651,5861,5271,5211,011
Other undisclosed current liabilities      196
Total current liabilities:6,3034,5495,0414,4004,8073,485
Noncurrent Liabilities
Long-term debt and lease obligation11,85712,47213,23010,2318,4866,590
Long-term debt, excluding current maturities11,85712,47213,23010,2318,4866,590
Liabilities, other than long-term debt2,1082,7332,9752,7292,2062,142
Accounts payable and accrued liabilities6419139901,0681,2281,261
Other liabilities1,4671,8201,9851,661978881
Total noncurrent liabilities:13,96515,20516,20512,96010,6928,732
Total liabilities:20,26819,75421,24617,36015,49912,217
Equity
Equity, attributable to parent, including:16,57814,83913,04612,77011,7309,966
Additional paid in capital2,0341,8901,7411,6281,5591,496
Accumulated other comprehensive loss(221)(531)(1,157)(606)(631)(553)
Retained earnings14,76513,48012,46211,74810,7658,986
Other undisclosed equity, attributable to parent     3737
Equity, attributable to noncontrolling interest      14
Other undisclosed equity38383837  
Total equity:16,61614,87713,08412,80711,7309,980
TOTAL LIABILITIES AND EQUITY:36,88434,63134,33030,16727,22922,197

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues18,44917,10814,35114,88413,60112,444
Revenue, net12,444
Cost of revenue(6,871)(6,140)(5,294)(5,188)(4,663)(4,271)
Cost of goods and services sold      (4,271)
Gross profit:11,57810,9689,0579,6968,9388,173
Operating expenses(8,737)(8,384)(6,834)(6,983)(6,401)(5,883)
Operating income:2,8412,5842,2232,7132,5372,290
Nonoperating expense(158)(303)(269)(151)(181)(227)
Interest and debt expense (337)(337)(315)(287)(264)(247)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  315287264247
Income from continuing operations before equity method investments, income taxes:2,3461,9441,9542,5622,3562,063
Other undisclosed income from continuing operations before income taxes337337    
Income from continuing operations before income taxes:2,6832,2811,9542,5622,3562,063
Income tax expense (benefit)(325)(287)(355)(479)1,197(1,043)
Income from continuing operations:2,3581,9941,5992,0833,5531,020
Income before gain (loss) on sale of properties:1,9941,5992,0833,5531,020
Net income available to common stockholders, diluted:2,3581,9941,5992,0833,5531,020

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:2,3581,9941,5992,0833,5531,020
Other comprehensive income (loss)310626(551)25(78)208
Comprehensive income, net of tax, attributable to parent:2,6682,6201,0482,1083,4751,228

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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