2014 Q2 Form 10-Q Financial Statement

#000031076414000137 Filed on July 24, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $2.363B $2.212B
YoY Change 6.83% 5.03%
Cost Of Revenue $815.0M $730.0M
YoY Change 11.64% 8.63%
Gross Profit $1.548B $1.482B
YoY Change 4.45% 3.35%
Gross Profit Margin 65.51% 67.0%
Selling, General & Admin $870.0M $1.015B
YoY Change -14.29% 23.33%
% of Gross Profit 56.2% 68.49%
Research & Development $158.0M $132.0M
YoY Change 19.7% 13.79%
% of Gross Profit 10.21% 8.91%
Depreciation & Amortization $47.00M $43.00M
YoY Change 9.3% 13.16%
% of Gross Profit 3.04% 2.9%
Operating Expenses $1.351B $1.192B
YoY Change 13.34% 20.53%
Operating Profit $197.0M $290.0M
YoY Change -32.07% -34.83%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$30.00M -$21.00M
YoY Change 42.86% 110.0%
Pretax Income $167.0M $269.0M
YoY Change -37.92% -38.16%
Income Tax $39.00M $56.00M
% Of Pretax Income 23.35% 20.82%
Net Earnings $128.0M $213.0M
YoY Change -39.91% -34.46%
Net Earnings / Revenue 5.42% 9.63%
Basic Earnings Per Share $0.34 $0.56
Diluted Earnings Per Share $0.33 $0.56
COMMON SHARES
Basic Shares Outstanding 378.8M shares 378.0M shares
Diluted Shares Outstanding 382.7M shares 381.0M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.822B $4.714B
YoY Change 2.29% 34.15%
Cash & Equivalents $1.319B $971.0M
Short-Term Investments $3.503B $3.743B
Other Short-Term Assets $1.546B $1.279B
YoY Change 20.88% 18.32%
Inventory $1.587B $1.345B
Prepaid Expenses $605.0M $498.0M
Receivables $1.503B $1.413B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.381B $8.689B
YoY Change 7.96% 20.71%
LONG-TERM ASSETS
Property, Plant & Equipment $1.127B $1.021B
YoY Change 10.38% 13.7%
Goodwill $4.101B $2.573B
YoY Change 59.39% 26.87%
Intangibles $2.090B $1.545B
YoY Change 35.28% 14.53%
Long-Term Investments
YoY Change
Other Assets $530.0M $554.0M
YoY Change -4.33% 250.63%
Total Long-Term Assets $7.848B $5.693B
YoY Change 37.85% 12.42%
TOTAL ASSETS
Total Short-Term Assets $9.381B $8.689B
Total Long-Term Assets $7.848B $5.693B
Total Assets $17.23B $14.38B
YoY Change 19.8% 17.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $337.0M $277.0M
YoY Change 21.66% -6.1%
Accrued Expenses $2.522B $1.512B
YoY Change 66.8% 37.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $630.0M $29.00M
YoY Change 2072.41% 81.25%
Total Short-Term Liabilities $3.713B $1.971B
YoY Change 88.38% 32.37%
LONG-TERM LIABILITIES
Long-Term Debt $3.237B $2.742B
YoY Change 18.05% 56.69%
Other Long-Term Liabilities $1.277B $1.066B
YoY Change 19.79% -0.47%
Total Long-Term Liabilities $4.514B $3.808B
YoY Change 18.54% 34.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.713B $1.971B
Total Long-Term Liabilities $4.514B $3.808B
Total Liabilities $8.227B $5.779B
YoY Change 42.36% 34.08%
SHAREHOLDERS EQUITY
Retained Earnings $7.525B $7.410B
YoY Change 1.55% 7.27%
Common Stock $1.208B $1.124B
YoY Change 7.47% 5.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.002B $8.603B
YoY Change
Total Liabilities & Shareholders Equity $17.23B $14.38B
YoY Change 19.8% 17.29%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $128.0M $213.0M
YoY Change -39.91% -34.46%
Depreciation, Depletion And Amortization $47.00M $43.00M
YoY Change 9.3% 13.16%
Cash From Operating Activities $366.0M $356.0M
YoY Change 2.81% -22.1%
INVESTING ACTIVITIES
Capital Expenditures $54.00M $47.00M
YoY Change 14.89% -7.84%
Acquisitions $185.0M $62.00M
YoY Change 198.39% 6100.0%
Other Investing Activities -$961.0M -$1.151B
YoY Change -16.51% -364.6%
Cash From Investing Activities -$1.015B -$1.198B
YoY Change -15.28% -411.98%
FINANCING ACTIVITIES
Cash Dividend Paid $116.0M $100.0M
YoY Change 16.0% 23.46%
Common Stock Issuance & Retirement, Net $60.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $588.0M -$93.00M
YoY Change -732.26% -37.16%
NET CHANGE
Cash From Operating Activities $366.0M $356.0M
Cash From Investing Activities -$1.015B -$1.198B
Cash From Financing Activities $588.0M -$93.00M
Net Change In Cash -$61.00M -$935.0M
YoY Change -93.48% -234.92%
FREE CASH FLOW
Cash From Operating Activities $366.0M $356.0M
Capital Expenditures $54.00M $47.00M
Free Cash Flow $312.0M $309.0M
YoY Change 0.97% -23.89%

Facts In Submission

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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
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dei Document Fiscal Year Focus
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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
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CY2014Q2 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
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