Stryker corp (SYK)
Income statement / TTM
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

14,956

14,884

14,549

14,204

13,876

13,601

13,276

13,040

12,730

12,444

12,130

11,957

11,785

11,325

10,883

10,470

10,062

9,946

9,849

9,818

9,749

9,675

9,525

9,287

9,136

9,021

8,891

8,792

8,686

8,657

8,534

8,513

8,453

8,307

8,086

7,823

7,535

7,320

7,159

7,044

6,920

6,723

6,541

6,601

0

0

0

Cost of sales

5,212

5,188

5,100

4,930

4,792

4,663

4,553

4,488

4,377

4,264

4,096

4,034

4,011

3,821

3,654

3,490

3,319

3,344

3,348

3,381

3,369

3,319

3,297

3,150

3,065

3,002

2,870

2,843

2,785

2,781

2,776

2,790

2,831

2,811

2,695

2,567

2,393

2,286

2,255

2,252

2,249

2,184

2,132

2,126

0

0

0

Gross profit

9,744

9,696

9,449

9,274

9,084

8,938

8,723

8,552

8,353

8,180

8,034

7,923

7,774

7,504

7,229

6,980

6,743

6,602

6,501

6,437

6,380

6,356

6,228

6,137

6,071

6,019

6,021

5,949

5,901

5,876

5,758

5,723

5,622

5,496

5,391

5,256

5,142

5,034

4,904

4,791

4,670

4,539

4,409

4,474

0

0

0

Research, development and engineering expenses

1,000

971

938

913

883

862

846

823

799

787

771

757

748

715

690

661

632

625

614

612

616

614

600

583

557

536

526

504

488

471

457

465

463

462

457

434

415

394

372

357

345

336

339

345

0

0

0

Selling, general and administrative expenses

5,283

5,356

5,407

5,358

5,266

5,099

4,885

4,746

4,686

4,552

4,428

4,382

4,295

4,137

4,014

3,844

3,662

3,610

3,580

3,571

3,580

3,547

3,007

3,265

3,410

3,467

4,001

3,656

3,464

3,367

3,267

3,241

3,204

3,150

3,050

2,928

2,804

2,707

2,601

2,601

2,557

2,506

2,522

2,556

0

0

0

Recall charges

173

192

192

147

32

23

19

81

151

173

218

209

165

158

84

177

261

296

428

307

471

761

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

124

125

126

122

106

89

71

58

51

45

39

36

36

37

0

0

0

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

0

-

-

0

-

Total operating expenses

6,924

6,983

6,982

6,859

6,610

6,401

6,170

6,050

6,021

5,883

5,781

5,709

5,562

5,329

5,076

4,935

4,769

4,741

4,820

4,684

4,859

5,110

5,020

5,229

5,070

4,763

4,825

4,453

4,250

4,135

3,969

3,940

3,883

3,810

3,737

3,575

3,414

3,283

3,025

3,072

3,009

2,945

2,965

2,940

0

0

0

Operating income

2,820

2,713

2,467

2,415

2,474

2,537

2,553

2,502

2,332

2,297

2,253

2,214

2,212

2,175

2,153

2,045

1,974

1,861

1,681

1,753

1,521

1,246

1,208

908

1,001

1,256

1,196

1,496

1,651

1,741

1,789

1,783

1,739

1,686

1,653

1,680

1,727

1,751

1,879

1,719

1,661

1,594

1,444

1,534

0

0

0

Other income (expense), net

-148

-151

-184

-179

-180

-181

-205

-217

-226

-234

-251

-264

-273

-254

-208

-174

-135

-126

-97

-89

-91

-86

-78

-66

-57

-44

-57

-50

-39

-36

0

0

0

-

-21

-17

-33

-22

-5

6

22

30

32

48

0

0

0

Earnings before income taxes

2,672

2,562

2,283

2,236

2,294

2,356

2,348

2,285

2,106

2,063

2,002

1,950

1,939

1,921

1,945

1,871

1,839

1,735

1,584

1,664

1,430

1,160

1,130

842

944

1,212

1,139

1,446

1,612

1,705

1,780

1,767

1,743

1,686

1,631

1,662

1,694

1,729

1,873

1,726

1,683

1,624

1,476

1,582

0

0

0

Income taxes

508

479

-1,143

-1,314

-1,228

-1,197

1,112

1,205

1,087

1,043

223

250

250

274

286

266

222

296

407

731

761

645

489

155

172

206

249

306

360

407

351

364

355

341

392

413

435

456

590

550

535

517

401

430

0

0

0

Net earnings

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

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

-

-

-

-

-

-

-

-

-

-