Stryker corp (SYK)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Net sales

3,588

4,131

3,587

3,650

3,516

3,796

3,242

3,322

3,241

3,471

3,006

3,012

2,955

3,157

2,833

2,840

2,495

2,715

2,420

2,432

2,379

2,618

2,389

2,363

2,305

2,468

2,151

2,212

2,190

2,338

2,052

2,106

2,161

2,215

2,031

2,046

2,015

1,994

1,768

1,758

1,799

1,834

1,653

1,634

1,601

1,653

1,712

Cost of sales

1,257

1,428

1,257

1,270

1,233

1,340

1,087

1,132

1,104

1,230

1,022

1,021

991

1,062

960

998

801

895

796

827

826

899

829

815

776

877

682

730

713

745

655

672

709

740

669

713

689

624

541

539

581

593

538

536

515

541

533

Gross profit

2,331

2,703

2,330

2,380

2,283

2,456

2,155

2,190

2,137

2,241

1,984

1,991

1,964

2,095

1,873

1,842

1,694

1,820

1,624

1,605

1,553

1,719

1,560

1,548

1,529

1,591

1,469

1,482

1,477

1,593

1,397

1,434

1,452

1,475

1,362

1,333

1,326

1,370

1,227

1,218

1,217

1,240

1,114

1,098

1,085

1,111

1,179

Research, development and engineering expenses

254

254

246

246

225

221

221

216

204

205

198

192

192

189

184

183

159

164

155

154

152

153

153

158

150

139

136

132

129

129

114

116

112

115

122

114

111

110

99

94

90

89

83

82

80

92

90

Selling, general and administrative expenses

1,330

1,380

1,291

1,282

1,403

1,431

1,242

1,190

1,236

1,217

1,103

1,130

1,102

1,093

1,057

1,043

944

970

887

861

892

940

878

870

859

400

1,136

1,015

916

934

791

823

819

834

765

786

765

734

643

661

667

628

643

617

616

644

678

Recall charges

-6

13

49

117

13

13

4

2

4

9

66

72

26

54

57

28

19

-20

150

112

54

112

29

276

344

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

118

112

116

122

114

93

112

110

102

96

92

95

88

89

89

88

53

58

54

49

49

46

50

47

45

36

34

36

32

31

30

31

31

32

31

32

27

16

14

14

13

9

8

8

9

9

10

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

9

14

-

12

19

14

-

-

-

-

-

-

-

-

-

67

-

-

0

-

Total operating expenses

1,696

1,759

1,702

1,767

1,755

1,758

1,579

1,518

1,546

1,527

1,459

1,489

1,408

1,425

1,387

1,342

1,175

1,172

1,246

1,176

1,147

1,251

1,110

1,351

1,398

1,161

1,319

1,192

1,091

1,223

947

989

976

1,057

918

932

903

984

756

770

771

727

803

708

706

747

778

Operating income

635

944

628

613

528

698

576

672

591

714

525

502

556

670

486

500

519

648

378

429

406

468

450

197

131

430

150

290

386

370

450

445

476

418

444

401

423

385

471

448

446

513

311

389

379

364

400

Other income (expense), net

-45

-8

-47

-48

-48

-41

-42

-49

-49

-65

-54

-58

-57

-82

-67

-67

-38

-36

-33

-28

-29

-7

-25

-30

-24

1

-13

-21

-11

-12

-6

-10

-8

-

-13

10

-12

-6

-9

-5

-0

9

3

10

7

11

19

Earnings before income taxes

590

936

581

565

480

657

534

623

542

649

471

444

499

588

419

433

481

612

345

401

377

461

425

167

107

431

137

269

375

358

444

435

468

433

431

411

411

378

462

442

445

523

314

400

386

376

420

Income taxes

97

211

115

85

68

-1,411

-56

171

99

898

37

53

55

78

64

53

79

90

44

9

153

201

368

39

37

45

34

56

71

88

91

110

118

32

104

101

104

83

125

123

124

217

85

108

105

102

114

Net earnings

493

725

466

480

412

2,068

590

452

443

-249

434

391

444

510

355

380

402

522

301

392

224

260

57

128

70

386

103

213

304

270

353

325

350

401

327

310

307

295

337

319

321

305

229

291

281

273

305

Net earnings per share of common stock:
Basic

1.32

1.94

1.24

1.29

1.10

5.53

1.58

1.21

1.18

-0.66

1.16

1.04

1.19

1.35

0.95

1.02

1.08

1.39

0.80

1.04

0.59

0.67

0.16

0.34

0.19

1.03

0.27

0.56

0.80

0.71

0.93

0.85

0.92

1.04

0.85

0.80

0.79

0.75

0.85

0.80

0.81

0.77

0.58

0.73

0.71

0.67

0.74

Diluted

1.30

1.90

1.23

1.26

1.09

5.44

1.55

1.19

1.16

-0.66

1.14

1.03

1.17

1.34

0.94

1.00

1.07

1.38

0.79

1.03

0.58

0.67

0.16

0.33

0.18

1.01

0.27

0.56

0.79

0.71

0.92

0.85

0.91

1.04

0.84

0.79

0.78

0.74

0.85

0.80

0.80

0.76

0.57

0.73

0.71

0.66

0.73

Weighted-average shares outstanding (in millions):
Basic

374

374

374

373

373

374

374

373

374

374

374

373

373

374

374

374

373

374

376

377

378

378

378

378

378

378

378

378

379

380

380

381

381

381

386

388

390

394

397

396

397

397

397

397

396

409

412

Effect of dilutive employee stock compensation

4

5

6

5

6

5

6

6

6

6

6

5

5

4

4

4

4

4

4

4

4

4

4

3

4

4

3

3

3

2

2

2

2

-3

2

3

9

-

-

-

-

-

-

-

-

-

-

Diluted

379

380

380

379

379

380

380

380

380

381

380

379

379

379

379

378

377

378

380

381

383

383

382

382

382

382

381

381

383

382

382

383

383

383

388

392

394

400

398

399

400

400

399

399

398

415

417

Cash dividends declared per share of common stock (in dollars per share)

0.57

-

0.52

0.52

0.52

-

0.47

0.47

0.47

-

0.42

0.42

0.42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

4

-

-

-

-

-

-

-

-

-

-

Anti-dilutive shares excluded from the calculation of dilutive employee stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-2

0

0

2

-7

0

2

5

3

6

8

6

21

9

5

-5

-

-

-

-

-

-

-

-

-

-