Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Medtronic PLC (NYSE:MDT)

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Adjustments to Financial Statements

Advanced level


Adjustments to Current Assets

Medtronic PLC, adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Current assets
Adjustments
Add: Allowance for doubtful accounts
Less: Tax assets (included in Other current assets)1
After Adjustment
Adjusted current assets

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Tax assets (included in Other current assets). See details »


Adjustments to Total Assets

Medtronic PLC, adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for doubtful accounts
Less: Tax assets (included in Other current assets)2
Less: Tax assets3
After Adjustment
Adjusted total assets

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Tax assets (included in Other current assets). See details »

3 Tax assets. See details »


Adjustments to Current Liabilities

Medtronic PLC, adjusted current liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Current liabilities
Adjustments
Less: Current deferred tax liabilities1
Less: Current deferred revenue
After Adjustment
Adjusted current liabilities

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Current deferred tax liabilities. See details »


Adjustments to Total Liabilities

Medtronic PLC, adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Current deferred tax liabilities2
Less: Noncurrent deferred tax liabilities3
Less: Deferred revenue
Less: Restructuring reserve
After Adjustment
Adjusted total liabilities

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current deferred tax liabilities. See details »

3 Noncurrent deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Medtronic PLC, adjusted shareholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Shareholders’ equity
Adjustments
Less: Tax assets (liabilities), net1
Add: Allowance for doubtful accounts
Add: Deferred revenue
Add: Restructuring reserve
Add: Noncontrolling interests
After Adjustment
Adjusted total equity

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Tax assets (liabilities), net. See details »


Adjustments to Capitalization Table

Medtronic PLC, adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Current debt obligations
Long-term debt
Total reported debt
Shareholders’ equity
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Operating lease current liability (classified in Other accrued expenses)2
Add: Operating lease non-current liability (classified in Other liabilities)3
Adjusted total debt
Adjustments to Equity
Less: Tax assets (liabilities), net4
Add: Allowance for doubtful accounts
Add: Deferred revenue
Add: Restructuring reserve
Add: Noncontrolling interests
Adjusted total equity
After Adjustment
Adjusted total capital

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating lease current liability (classified in Other accrued expenses). See details »

3 Operating lease non-current liability (classified in Other liabilities). See details »

4 Tax assets (liabilities), net. See details »


Adjustments to Revenues

Medtronic PLC, adjusted net sales

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Net sales
Adjustment
Add: Increase (decrease) in deferred revenue
After Adjustment
Adjusted net sales

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).


Adjustments to Reported Income

Medtronic PLC, adjusted net income attributable to Medtronic

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Apr 24, 2020 Apr 26, 2019 Apr 27, 2018 Apr 28, 2017 Apr 29, 2016 Apr 24, 2015
As Reported
Net income attributable to Medtronic
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for doubtful accounts
Add: Increase (decrease) in deferred revenue
Add: Increase (decrease) in restructuring reserve
Add: Other comprehensive income (loss), net of tax
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net income

Based on: 10-K (filing date: 2020-06-19), 10-K (filing date: 2019-06-21), 10-K (filing date: 2018-06-22), 10-K (filing date: 2017-06-27), 10-K (filing date: 2016-06-28), 10-K (filing date: 2015-06-23).

1 Deferred income tax expense (benefit). See details »