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10-Q Filing

STRYKER CORP CIK: 310764 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000310764-17-000102
Period End Date 20170331
Filing Date 20170427
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance syk-20170331.xml
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Accounts receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $56.00M USD Point-in-time
Accounts receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $57.00M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.32B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.38B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 1.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.21B USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 1.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.98B USD Point-in-time
Marketable securities AvailableForSaleSecuritiesCurrent $66.00M USD Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 374.00M shares Point-in-time
Common stock, outstanding (in shares) CommonStockSharesOutstanding 375.00M shares Point-in-time
Marketable securities AvailableForSaleSecuritiesCurrent $68.00M USD Point-in-time
Accounts receivable, less allowance of $57 ($56 in 2016) AccountsReceivableNetCurrent $1.97B USD Point-in-time
Accounts receivable, less allowance of $57 ($56 in 2016) AccountsReceivableNetCurrent $1.88B USD Point-in-time
Materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $425.00M USD Point-in-time
Materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $476.00M USD Point-in-time
Work in process InventoryWorkInProcessNetOfReserves $130.00M USD Point-in-time
Work in process InventoryWorkInProcessNetOfReserves $137.00M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $1.48B USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $1.56B USD Point-in-time
Total inventories InventoryNet $2.03B USD Point-in-time
Total inventories InventoryNet $2.17B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $563.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseCurrent $480.00M USD Point-in-time
Total current assets AssetsCurrent $7.89B USD Point-in-time
Total current assets AssetsCurrent $7.86B USD Point-in-time
Land, buildings and improvements LandBuildingsAndImprovementsGross $820.00M USD Point-in-time
Land, buildings and improvements LandBuildingsAndImprovementsGross $857.00M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $2.34B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $2.48B USD Point-in-time
Total property, plant and equipment PropertyPlantAndEquipmentGross $3.16B USD Point-in-time
Total property, plant and equipment PropertyPlantAndEquipmentGross $3.33B USD Point-in-time
Less allowance for depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.68B USD Point-in-time
Less allowance for depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.59B USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $1.66B USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $1.57B USD Point-in-time
Goodwill Goodwill $6.39B USD Point-in-time
Goodwill Goodwill $6.36B USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $3.51B USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $3.45B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $1.14B USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $1.13B USD Point-in-time
Total assets Assets $20.43B USD Point-in-time
Total assets Assets $20.52B USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $456.00M USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $437.00M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $457.00M USD Point-in-time
Accrued compensation EmployeeRelatedLiabilitiesCurrent $767.00M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $40.00M USD Point-in-time
Income taxes AccruedIncomeTaxesCurrent $43.00M USD Point-in-time
Dividend payable DividendsPayableCurrent $159.00M USD Point-in-time
Dividend payable DividendsPayableCurrent $159.00M USD Point-in-time
Accrued recall Accrualforrecallexpenses $594.00M USD Point-in-time
Accrued recall Accrualforrecallexpenses $521.00M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilitiesCurrent $883.00M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilitiesCurrent $923.00M USD Point-in-time
Current maturities of debt DebtCurrent $228.00M USD Point-in-time
Current maturities of debt DebtCurrent $35.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.55B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.15B USD Point-in-time
Long-term debt, excluding current maturities LongTermDebtNoncurrent $6.69B USD Point-in-time
Long-term debt, excluding current maturities LongTermDebtNoncurrent $7.18B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.07B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $1.05B USD Point-in-time
Total liabilities Liabilities $10.88B USD Point-in-time
Total liabilities Liabilities $10.81B USD Point-in-time
Common stock, $0.10 par value: Authorized: 1 billions shares, outstanding: 374 millions shares (375 million shares in 2016) CommonStockValueOutstanding $37.00M USD Point-in-time
Common stock, $0.10 par value: Authorized: 1 billions shares, outstanding: 374 millions shares (375 million shares in 2016) CommonStockValueOutstanding $37.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.43B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.44B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.84B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.90B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-622.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-639.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-761.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-675.00M USD Point-in-time
Total shareholders' equity StockholdersEquity $9.55B USD Point-in-time
Total shareholders' equity StockholdersEquity $9.70B USD Point-in-time
Total liabilities & shareholders' equity LiabilitiesAndStockholdersEquity $20.52B USD Point-in-time
Total liabilities & shareholders' equity LiabilitiesAndStockholdersEquity $20.43B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $2.96B USD 1 Quarter
Net sales SalesRevenueNet $2.50B USD 1 Quarter
Cost of sales CostOfGoodsSold $993.00M USD 1 Quarter
Cost of sales CostOfGoodsSold $801.00M USD 1 Quarter
Gross profit GrossProfit $1.96B USD 1 Quarter
Gross profit GrossProfit $1.69B USD 1 Quarter
Research, development and engineering expenses ResearchAndDevelopmentExpense $192.00M USD 1 Quarter
Research, development and engineering expenses ResearchAndDevelopmentExpense $159.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $944.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.10B USD 1 Quarter
Recall charges Recallchargesnetofinsuranceproceeds $19.00M USD 1 Quarter
Recall charges Recallchargesnetofinsuranceproceeds $26.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $53.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $88.00M USD 1 Quarter
Total operating expenses OperatingExpenses $1.18B USD 1 Quarter
Total operating expenses OperatingExpenses $1.41B USD 1 Quarter
Operating income OperatingIncomeLoss $554.00M USD 1 Quarter
Operating income OperatingIncomeLoss $519.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-38.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-55.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $481.00M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $499.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $55.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $79.00M USD 1 Quarter
Net earnings NetIncomeLoss $444.00M USD 1 Quarter
Net earnings NetIncomeLoss $402.00M USD 1 Quarter
Basic net earnings per share of common stock EarningsPerShareBasic $1.19 USD 1 Quarter
Basic net earnings per share of common stock EarningsPerShareBasic $1.08 USD 1 Quarter
Diluted net earnings per share of common stock EarningsPerShareDiluted $1.07 USD 1 Quarter
Diluted net earnings per share of common stock EarningsPerShareDiluted $1.17 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 373.40M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 373.20M shares 1 Quarter
Effect of dilutive employee stock options WeightedAverageNumberDilutedSharesOutstandingAdjustment 5.90M shares 1 Quarter
Effect of dilutive employee stock options WeightedAverageNumberDilutedSharesOutstandingAdjustment 4.20M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 379.30M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 377.40M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $444.00M USD 1 Quarter
Net earnings NetIncomeLoss $402.00M USD 1 Quarter
Depreciation Depreciation $62.00M USD 1 Quarter
Depreciation Depreciation $49.00M USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $88.00M USD 1 Quarter
Amortization of intangible assets AdjustmentForAmortization $53.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $32.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $28.00M USD 1 Quarter
Recall charges Grossrecallcharges $26.00M USD 1 Quarter
Recall charges Grossrecallcharges $19.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-86.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-112.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $109.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $114.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $23.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $17.00M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-213.00M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-323.00M USD 1 Quarter
Recall-related payments, net of insurance recoveries Changeinaccrualforrecallexpenses $-94.00M USD 1 Quarter
Recall-related payments, net of insurance recoveries Changeinaccrualforrecallexpenses $-55.00M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $22.00M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-3.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $37.00M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $102.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $262.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $151.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $9.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $23.00M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $94.00M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $12.00M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $289.00M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $14.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $139.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $115.00M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $57.00M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-146.00M USD 1 Quarter
Proceeds from borrowings ProceedsFromShortTermDebt $658.00M USD 1 Quarter
Proceeds from borrowings ProceedsFromShortTermDebt $3.51B USD 1 Quarter
Payments on borrowings RepaymentsOfShortTermDebt $354.00M USD 1 Quarter
Payments on borrowings RepaymentsOfShortTermDebt $53.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $142.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $159.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $230.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $13.00M USD 1 Quarter
Cash paid for taxes from withheld shares ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-52.00M USD 1 Quarter
Cash paid for taxes from withheld shares ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-41.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-137.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $3.26B USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $19.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $29.00M USD 1 Quarter
Change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.60B USD 1 Quarter
Change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-103.00M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $3.32B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $3.38B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $3.21B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $6.98B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $3.32B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $3.38B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $3.21B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $6.98B USD Point-in-time
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Issuance of common stock under stock option and benefit plans, shares StockIssuedDuringPeriodSharesShareBasedCompensation 1.10M shares 1 Quarter
Repurchase and retirement of common stock, shares StockRepurchasedAndRetiredDuringPeriodShares 1.90M shares 1 Quarter
Cash dividends declared, per share of common stock CommonStockDividendsPerShareDeclared $0.42 USD 1 Quarter
December 31, 2016 StockholdersEquity $9.55B USD Point-in-time
December 31, 2016 StockholdersEquity $9.70B USD Point-in-time
Net earnings NetIncomeLoss $444.00M USD 1 Quarter
Net earnings NetIncomeLoss $402.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $86.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $17.00M USD 1 Quarter
Issuance of 1.1 million shares of common stock under stock option and benefit plans StockIssuedDuringPeriodValueShareBasedCompensation $-18.00M USD 1 Quarter
Repurchase of 1.9 million shares of common stock StockRepurchasedAndRetiredDuringPeriodValue $230.00M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $32.00M USD 1 Quarter
Cash dividends declared of $0.425 per share of common stock DividendsCash $160.00M USD 1 Quarter
March 31, 2017 StockholdersEquity $9.55B USD Point-in-time
March 31, 2017 StockholdersEquity $9.70B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $444.00M USD 1 Quarter
Net earnings NetIncomeLoss $402.00M USD 1 Quarter
Marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Pension plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $4.00M USD 1 Quarter
Pension plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $1.00M USD 1 Quarter
Unrealized losses on designated hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-20.00M USD 1 Quarter
Unrealized losses on designated hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-6.00M USD 1 Quarter
Financial statement translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $38.00M USD 1 Quarter
Financial statement translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $96.00M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $86.00M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $17.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $530.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $419.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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