STRYKER CORP SYK Cash Flow

Stryker corp (SYK)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Operating activities
Net Income (Loss) Attributable to Parent
2,164	2,083	3,426	3,550	3,522	3,553	1,236	1,080	1,019	1,020	1,779	1,700	1,689	1,647	1,659	1,605	1,617	1,439	1,177	933	669	515	641	687	772	1,006	890	1,140	1,252	1,298	1,429	1,403	1,388	1,345	1,239	1,249	1,258	1,273	1,283	1,175	1,147	1,107	1,075	1,152	0	0	0
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation
318	314	314	309	308	306	296	294	283	271	260	248	240	227	215	203	191	187	187	187	189	190	186	181	177	169	162	158	153	154	156	158	159	160	164	164	164	165	167	168	167	165	157	156	0	0	0
Amortization of intangible assets
468	464	445	441	429	417	420	400	385	371	364	361	354	319	288	253	214	210	198	194	192	188	178	162	151	138	133	129	124	123	-26	28	78	122	119	96	74	58	236	230	224	220	220	224	0	0	0
Share-based compensation
148	127	127	125	125	119	115	112	110	113	111	106	101	97	92	91	91	86	84	80	79	77	77	79	77	76	75	74	74	75	74	75	76	75	72	71	70	69	69	66	64	62	63	65	0	0	0
Recall charges
173	192	192	147	32	23	19	81	151	173	218	209	165	158	137	230	314	349	607	486	650	940	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Sale of inventory stepped-up to fair value at acquisition
49	67	65	43	37	16	0	0	0	-	-	0	0	-	-	-	-	7	10	26	29	27	32	30	0	-	0	0	-	18	30	48	100	143	129	111	56	7	0	0	0	-	-	-	-	-	-
Income tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	27	30	0	0	0
Excess income tax benefits from stock issued under employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	19	22	0	0	0
Payments of restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0	-
(Gain) loss on sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	9	7	0	0	0
Recall accruals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
409	563	303	247	149	60	115	144	135	162	142	152	166	192	155	133	77	151	51	103	170	89	147	25	3	89	26	56	-35	20	66	85	172	152	136	157	158	121	79	56	54	10	-41	13	0	0	0
Inventories
383	400	354	376	380	385	443	422	350	320	314	266	304	299	298	273	182	115	80	120	154	173	188	134	100	77	48	15	-9	-18	32	55	126	166	187	211	169	131	78	-4	-55	-34	60	149	0	0	0
Loaner instrumentation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	196	197	196	188	171	174	0	0	0
Accounts payable
138	63	96	35	71	116	80	98	31	21	-7	-23	-10	-16	9	13	44	35	13	19	-9	13	47	42	40	1	-14	-34	-22	-48	-1	-4	14	44	22	80	57	96	47	2	-49	-80	-74	-71	0	0	0
Accrued expenses and other liabilities
-271	113	393	403	429	289	147	51	107	90	154	223	131	241	154	121	58	129	47	136	176	92	13	-98	-73	41	135	162	99	9	126	41	67	158	49	97	89	91	60	93	126	66	30	23	0	0	0
Recall-related payments
-161	-177	-173	-56	-82	-90	-123	-470	-460	-526	-554	-210	-229	-190	-162	-1,279	-1,242	-1,206	-1,208	-93	-93	-98	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-30	-105	-19	-195	-195	-156	480	633	755	704	-140	-129	-153	-128	8	38	-243	-238	-277	19	216	133	161	-111	-171	-124	-167	-182	-125	-159	-55	-76	-147	-95	-109	-89	-29	-24	169	124	90	192	-59	-132	0	0	0
Other, net
-139	113	125	106	-61	-44	-67	78	252	254	144	61	4	-61	81	5	9	-162	-235	-191	-140	72	-29	-9	-11	-78	-26	-60	-121	-57	80	34	159	112	44	100	-54	-44	-27	-45	64	54	58	74	0	0	0
Net cash provided by operating activities
2,469	2,191	2,502	2,491	2,626	2,610	2,243	1,704	1,705	1,559	1,538	1,961	1,804	1,915	2,010	999	863	981	900	1,944	1,953	1,782	1,782	1,869	1,859	1,886	1,810	1,757	1,858	1,657	1,688	1,565	1,265	1,434	1,324	1,306	1,476	1,547	1,569	1,607	1,463	1,461	1,246	1,020	0	0	0
Investing activities
Acquisitions, net of cash acquired
645	802	1,962	1,944	1,927	2,451	889	1,560	1,526	831	748	151	4,318	4,332	4,309	4,280	92	153	231	551	728	916	2,459	2,115	1,992	2,320	793	806	745	154	191	298	620	2,066	2,124	1,981	1,662	265	614	619	624	570	19	16	0	0	0
Purchases of marketable securities
62	74	69	118	169	226	399	349	335	270	100	101	69	151	667	694	1,178	1,715	1,914	2,905	3,979	4,365	4,417	4,539	4,802	4,558	4,942	4,526	3,039	3,480	3,812	4,835	7,090	6,779	6,554	6,518	5,480	5,619	5,397	4,686	4,444	4,602	6,491	9,071	0	0	0
Proceeds from sales of marketable securities
62	69	273	311	360	394	204	168	126	87	72	169	510	785	807	1,177	3,296	4,094	4,850	5,393	3,715	3,636	5,023	4,852	4,802	4,856	3,428	2,980	3,018	3,108	3,681	4,740	6,546	6,869	7,770	7,840	6,160	5,210	3,804	3,137	3,397	3,974	6,638	9,162	0	0	0
Purchases of property, plant and equipment
671	649	604	581	573	572	604	606	580	598	555	531	514	490	426	385	339	270	252	223	209	233	228	223	216	195	188	203	207	210	225	224	223	226	217	218	205	182	167	138	131	131	126	139	0	0	0
Proceeds from sales of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	121	120	0	-	0	0	-	1	1	1	0	0	0
Net cash used in investing activities
-1,315	-1,455	-2,364	-2,334	-2,311	-2,857	-1,689	-2,348	-2,316	-1,613	-1,330	-617	-4,394	-4,191	-4,599	-4,182	1,687	1,956	2,453	1,714	-1,201	-1,878	-2,081	-2,025	-2,208	-2,217	-2,495	-2,555	-973	-736	-547	-616	-1,380	-2,135	-1,052	-751	-1,067	-795	-2,322	-2,306	-1,802	-1,328	2	-62	0	0	0
Financing activities
Proceeds (payments) on short-term borrowings, net
9	-7	0	12	-112	-1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-1,756	-	4,526	4,430	4,503	1,576	691	802	1,838	1,601	1,305	1,020	-347	369	1,319	1,246	1,194	178	236	238	189	178	118	98	115	100	57	41	23	17	21	25	0	0	0
Payments on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	1,936	-	1,903	1,017	1,244	2,272	2,214	2,220	2,454	1,428	1,110	924	359	355	311	240	195	182	244	231	197	190	103	100	104	81	55	40	17	20	25	21	0	0	0
Proceeds from issuance of long-term debt
-	-	-	-	-	3,126	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	996	0	0	0	-	-	-	-	-	-
Payments on long-term debt
501	1,342	1,410	1,410	2,010	669	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance cost of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Dividends paid
798	778	760	741	722	703	687	670	653	636	619	602	585	568	556	544	532	521	507	492	478	462	446	431	415	401	382	363	344	324	312	301	289	279	268	258	249	238	218	158	99	198	158	158	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	12	22	0	0	0
Repurchases of common stock
0	307	307	307	307	300	300	300	300	230	230	230	230	13	267	389	583	700	446	364	230	100	165	127	67	317	252	269	308	108	191	461	422	622	853	564	564	426	0	0	0	-	-	-	-	0	-
Cash paid for taxes from withheld shares
177	136	94	105	98	120	74	72	72	95	46	51	56	67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	19	22	0	0	0
Payments to purchase noncontrolling interest
-	-	-	-	-	14	113	113	104	99	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing, net
-75	-69	12	16	8	10	7	-32	-26	-33	0	0	0	-	-	-	-	6	72	55	29	11	-24	-16	29	13	16	11	-17	-13	-14	-21	70	3	-8	-54	-73	59	84	129	50	8	-10	-5	0	0	0
Net cash provided by (used in) financing activities
1,182	3	-80	-34	-763	1,329	-1,223	-1,389	-512	-794	-574	-1,177	-1,138	2,258	2,389	3,086	2,770	-1,223	-1,377	-1,193	-288	629	551	513	-168	300	390	385	330	-449	-525	-27	100	-161	-370	-882	-877	410	745	850	838	-193	-736	-711	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-46	-18	-28	-10	-57	-8	-5	25	89	74	5	-8	-35	-45	-10	-39	-18	-130	-169	-158	-171	-77	-6	-9	-15	-25	-18	-9	8	18	-3	-26	-30	9	-17	38	0	-63	-27	-31	17	18	-6	-37	0	0	0
Change in cash and cash equivalents
2,290	721	30	113	-505	1,074	-674	-2,008	-1,034	-774	-361	159	-3,763	-63	-210	-136	5,302	1,584	1,807	2,307	293	456	246	348	-532	-56	-313	-422	1,223	490	613	896	-45	-853	-115	-288	-467	1,099	-34	119	517	-42	505	209	0	0	0