2013 Q2 Form 10-Q Financial Statement

#000031076413000158 Filed on July 23, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $2.212B $2.106B
YoY Change 5.03% 2.93%
Cost Of Revenue $730.0M $672.0M
YoY Change 8.63% -5.75%
Gross Profit $1.482B $1.434B
YoY Change 3.35% 7.58%
Gross Profit Margin 67.0% 68.09%
Selling, General & Admin $1.015B $823.0M
YoY Change 23.33% 4.71%
% of Gross Profit 68.49% 57.39%
Research & Development $132.0M $116.0M
YoY Change 13.79% 1.75%
% of Gross Profit 8.91% 8.09%
Depreciation & Amortization $43.00M $38.00M
YoY Change 13.16% -2.56%
% of Gross Profit 2.9% 2.65%
Operating Expenses $1.192B $989.0M
YoY Change 20.53% 6.12%
Operating Profit $290.0M $445.0M
YoY Change -34.83% 10.97%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$21.00M -$10.00M
YoY Change 110.0% -200.0%
Pretax Income $269.0M $435.0M
YoY Change -38.16% 6.1%
Income Tax $56.00M $110.0M
% Of Pretax Income 20.82% 25.29%
Net Earnings $213.0M $325.0M
YoY Change -34.46% 5.18%
Net Earnings / Revenue 9.63% 15.43%
Basic Earnings Per Share $0.56 $0.85
Diluted Earnings Per Share $0.56 $0.85
COMMON SHARES
Basic Shares Outstanding 378.0M shares 381.0M shares
Diluted Shares Outstanding 381.0M shares 383.3M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.714B $3.514B
YoY Change 34.15% 31.36%
Cash & Equivalents $971.0M $1.393B
Short-Term Investments $3.743B $2.121B
Other Short-Term Assets $1.279B $1.081B
YoY Change 18.32% -9.62%
Inventory $1.345B $1.289B
Prepaid Expenses $498.0M $290.0M
Receivables $1.413B $1.368B
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.689B $7.198B
YoY Change 20.71% 10.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.021B $898.0M
YoY Change 13.7% -25.54%
Goodwill $2.573B $2.028B
YoY Change 26.87%
Intangibles $1.545B $1.349B
YoY Change 14.53%
Long-Term Investments
YoY Change
Other Assets $554.0M $158.0M
YoY Change 250.63% -65.8%
Total Long-Term Assets $5.693B $5.064B
YoY Change 12.42% -0.57%
TOTAL ASSETS
Total Short-Term Assets $8.689B $7.198B
Total Long-Term Assets $5.693B $5.064B
Total Assets $14.38B $12.26B
YoY Change 17.29% 5.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $277.0M $295.0M
YoY Change -6.1% -3.91%
Accrued Expenses $1.512B $1.097B
YoY Change 37.83% -6.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $29.00M $16.00M
YoY Change 81.25% -33.33%
Total Short-Term Liabilities $1.971B $1.489B
YoY Change 32.37% -7.17%
LONG-TERM LIABILITIES
Long-Term Debt $2.742B $1.750B
YoY Change 56.69% 75.53%
Other Long-Term Liabilities $1.066B $1.071B
YoY Change -0.47% -12.07%
Total Long-Term Liabilities $3.808B $2.821B
YoY Change 34.99% 27.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.971B $1.489B
Total Long-Term Liabilities $3.808B $2.821B
Total Liabilities $5.779B $4.310B
YoY Change 34.08% 12.89%
SHAREHOLDERS EQUITY
Retained Earnings $7.410B $6.908B
YoY Change 7.27%
Common Stock $1.124B $1.066B
YoY Change 5.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.603B $7.952B
YoY Change
Total Liabilities & Shareholders Equity $14.38B $12.26B
YoY Change 17.29% 5.74%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $213.0M $325.0M
YoY Change -34.46% 5.18%
Depreciation, Depletion And Amortization $43.00M $38.00M
YoY Change 13.16% -2.56%
Cash From Operating Activities $356.0M $457.0M
YoY Change -22.1% 191.08%
INVESTING ACTIVITIES
Capital Expenditures $47.00M $51.00M
YoY Change -7.84% 2.0%
Acquisitions $62.00M $1.000M
YoY Change 6100.0% -99.69%
Other Investing Activities -$1.151B $435.0M
YoY Change -364.6% -232.3%
Cash From Investing Activities -$1.198B $384.0M
YoY Change -411.98% -201.05%
FINANCING ACTIVITIES
Cash Dividend Paid $100.0M $81.00M
YoY Change 23.46% 17.39%
Common Stock Issuance & Retirement, Net $39.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$93.00M -$148.0M
YoY Change -37.16% 604.76%
NET CHANGE
Cash From Operating Activities $356.0M $457.0M
Cash From Investing Activities -$1.198B $384.0M
Cash From Financing Activities -$93.00M -$148.0M
Net Change In Cash -$935.0M $693.0M
YoY Change -234.92% -384.02%
FREE CASH FLOW
Cash From Operating Activities $356.0M $457.0M
Capital Expenditures $47.00M $51.00M
Free Cash Flow $309.0M $406.0M
YoY Change -23.89% 279.44%

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dei Amendment Flag
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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
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000310764
CY2013Q2 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

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0000310764-13-000158-index.html Edgar Link pending
0000310764-13-000158.txt Edgar Link pending
0000310764-13-000158-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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