2012 Q2 Form 10-Q Financial Statement

#000031076412000178 Filed on July 24, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $2.106B $2.046B
YoY Change 2.93% 16.38%
Cost Of Revenue $672.0M $713.0M
YoY Change -5.75% 32.21%
Gross Profit $1.434B $1.333B
YoY Change 7.58% 9.35%
Gross Profit Margin 68.09% 65.15%
Selling, General & Admin $823.0M $786.0M
YoY Change 4.71% 18.77%
% of Gross Profit 57.39% 58.96%
Research & Development $116.0M $114.0M
YoY Change 1.75% 20.51%
% of Gross Profit 8.09% 8.55%
Depreciation & Amortization $38.00M $39.00M
YoY Change -2.56% -60.45%
% of Gross Profit 2.65% 2.93%
Operating Expenses $989.0M $932.0M
YoY Change 6.12% 20.91%
Operating Profit $445.0M $401.0M
YoY Change 10.97% -10.53%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$10.00M $10.00M
YoY Change -200.0% -281.82%
Pretax Income $435.0M $410.0M
YoY Change 6.1% -7.24%
Income Tax $110.0M $101.0M
% Of Pretax Income 25.29% 24.63%
Net Earnings $325.0M $309.0M
YoY Change 5.18% -3.13%
Net Earnings / Revenue 15.43% 15.1%
Basic Earnings Per Share $0.85 $0.80
Diluted Earnings Per Share $0.85 $0.79
COMMON SHARES
Basic Shares Outstanding 381.0M shares 388.2M shares
Diluted Shares Outstanding 383.3M shares 392.0M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.514B $2.675B
YoY Change 31.36% -33.61%
Cash & Equivalents $1.393B $497.0M
Short-Term Investments $2.121B $2.178B
Other Short-Term Assets $1.081B $1.196B
YoY Change -9.62% 50.44%
Inventory $1.289B $1.284B
Prepaid Expenses $290.0M
Receivables $1.368B $1.348B
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.198B $6.503B
YoY Change 10.69% -5.75%
LONG-TERM ASSETS
Property, Plant & Equipment $898.0M $1.206B
YoY Change -25.54% 1.34%
Goodwill $2.028B
YoY Change
Intangibles $1.349B
YoY Change
Long-Term Investments
YoY Change
Other Assets $158.0M $462.0M
YoY Change -65.8% 20.31%
Total Long-Term Assets $5.064B $5.093B
YoY Change -0.57% 61.17%
TOTAL ASSETS
Total Short-Term Assets $7.198B $6.503B
Total Long-Term Assets $5.064B $5.093B
Total Assets $12.26B $11.60B
YoY Change 5.74% 15.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $295.0M $307.0M
YoY Change -3.91% 44.13%
Accrued Expenses $1.097B $1.174B
YoY Change -6.56% 22.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.00M $24.00M
YoY Change -33.33% 26.32%
Total Short-Term Liabilities $1.489B $1.604B
YoY Change -7.17% 23.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.750B $997.0M
YoY Change 75.53% 0.1%
Other Long-Term Liabilities $1.071B $1.218B
YoY Change -12.07% 19.06%
Total Long-Term Liabilities $2.821B $2.215B
YoY Change 27.36% 9.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.489B $1.604B
Total Long-Term Liabilities $2.821B $2.215B
Total Liabilities $4.310B $3.818B
YoY Change 12.89% 15.17%
SHAREHOLDERS EQUITY
Retained Earnings $6.908B
YoY Change
Common Stock $1.066B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.952B $7.778B
YoY Change
Total Liabilities & Shareholders Equity $12.26B $11.60B
YoY Change 5.74% 15.27%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $325.0M $309.0M
YoY Change 5.18% -3.13%
Depreciation, Depletion And Amortization $38.00M $39.00M
YoY Change -2.56% -60.45%
Cash From Operating Activities $457.0M $157.0M
YoY Change 191.08% -51.94%
INVESTING ACTIVITIES
Capital Expenditures $51.00M $50.00M
YoY Change 2.0% -233.69%
Acquisitions $1.000M $323.0M
YoY Change -99.69%
Other Investing Activities $435.0M -$328.8M
YoY Change -232.3% -50.12%
Cash From Investing Activities $384.0M -$380.0M
YoY Change -201.05% -45.45%
FINANCING ACTIVITIES
Cash Dividend Paid $81.00M $69.00M
YoY Change 17.39%
Common Stock Issuance & Retirement, Net $39.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$148.0M -$21.00M
YoY Change 604.76% 39.07%
NET CHANGE
Cash From Operating Activities $457.0M $157.0M
Cash From Investing Activities $384.0M -$380.0M
Cash From Financing Activities -$148.0M -$21.00M
Net Change In Cash $693.0M -$244.0M
YoY Change -384.02% -36.62%
FREE CASH FLOW
Cash From Operating Activities $457.0M $157.0M
Capital Expenditures $51.00M $50.00M
Free Cash Flow $406.0M $107.0M
YoY Change 279.44% -70.61%

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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000310764
CY2012Q2 dei Entity Common Stock Shares Outstanding
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
STRYKER CORP
dei Trading Symbol
TradingSymbol
SYK

Files In Submission

Name View Source Status
0000310764-12-000178-index-headers.html Edgar Link pending
0000310764-12-000178-index.html Edgar Link pending
0000310764-12-000178.txt Edgar Link pending
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d10q2.pdf Edgar Link pending
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report.css Edgar Link pending
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syk-20120630.xml Edgar Link completed
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syklogoa03.jpg Edgar Link pending