Stock Analysis on Net
Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Common-Size Balance Sheet: Assets

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Stryker Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents
Marketable securities
Accounts receivable, less allowance
Inventories
Prepaid expenses and other current assets
Current assets
Property, plant and equipment, net
Goodwill
Other intangibles, net
Noncurrent deferred income tax assets
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets increased from 11.45% in 2017 to a peak of 14.38% in 2019, followed by a significant decline to approximately 8.5% in 2020 and 2021. This suggests a reduction in liquid assets during the latter years.
Marketable securities
Marketable securities as a percentage of total assets remained low and steadily decreased over the period from 1.13% in 2017 to 0.22% in 2021, indicating reduced investment in short-term securities.
Accounts receivable, less allowance
This category showed a fluctuating trend, starting at 9.9% in 2017, declining to 8.56% in 2018, then rising to 9.59% in 2019, before decreasing to 7.87% in 2020 and slightly recovering to 8.73% in 2021. Overall, accounts receivable relative to total assets saw a moderate decline over the five years.
Inventories
Inventories as a percentage of total assets displayed a gradual decrease from 11.11% in 2017 to 9.57% in 2021, indicating a reduction in inventory holdings relative to total assets.
Prepaid expenses and other current assets
The share of prepaid expenses and other current assets varied over the period, increasing slightly from 2.42% in 2017 to 2.74% in 2018, then declining to 1.42% in 2020 before a rebound to 1.91% in 2021, reflecting some fluctuations in these short-term asset components.
Current assets
Current assets as a percentage of total assets were relatively stable around 36% from 2017 to 2019, followed by a considerable decline to about 28.3% in 2020 and 28.9% in 2021, suggesting a shift towards a higher proportion of noncurrent assets in the asset structure.
Property, plant and equipment, net
The net property, plant and equipment component remained fairly consistent, decreasing slightly from 8.9% in 2017 to about 8.18% in 2021, indicating stable investment in physical fixed assets over time.
Goodwill
Goodwill represented a significant and growing portion of total assets, declining slightly from 32.29% in 2017 to 30.06% in 2019, then sharply increasing to over 37% in 2020 and 2021. This suggests acquisitions or revaluations that elevated intangible asset recognition in recent years.
Other intangibles, net
Other intangible assets showed a downward trend from 15.66% in 2017 to 13.98% in 2021, with some volatility including an increase in 2020, possibly indicating amortization charges or adjustments in intangible asset valuations.
Noncurrent deferred income tax assets
There was a notable increase in the proportion of noncurrent deferred income tax assets from 1.27% in 2017 to a peak of 6.16% in 2018, followed by a slight decline and stabilization around 5% through to 2021, indicating changes in tax asset recognition or timing differences in tax reporting.
Other noncurrent assets
Other noncurrent assets fluctuated, initially decreasing from 5.86% in 2017 to 2.94% in 2018, then increasing steadily to 6.53% by 2021, reflecting more diversification or growth in long-term asset categories other than property or intangibles.
Noncurrent assets
Overall, noncurrent assets maintained a dominant share of total assets, remaining above 60% throughout the period. There was a slight dip around 2019 at 62.34%, followed by a rise to over 71% in 2020 and 2021, indicating a strategic emphasis on long-term asset investments in the latter part of the analyzed period.