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
Quarterly Data

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Stryker Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents
Marketable securities
Accounts receivable, less allowance
Materials and supplies
Work in process
Finished goods
Inventories
Prepaid expenses and other current assets
Current assets
Land, buildings and improvements
Machinery and equipment
Property, plant and equipment
Accumulated depreciation
Property, plant and equipment, net
Goodwill
Other intangibles, net
Noncurrent deferred income tax assets
Other noncurrent assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Cash and cash equivalents
There is a noticeable fluctuation in the proportion of cash and cash equivalents relative to total assets over the periods. Initially, the percentage decreased from 15.66% at the beginning of 2017 to 6.45% by the first quarter of 2019. A sharp increase occurred thereafter, reaching a peak of 21.94% in the third quarter of 2020, followed by a decline to 4.03% by the first quarter of 2022.
Marketable securities
The percentage share of marketable securities remained relatively stable throughout all periods, mostly oscillating between 0.2% and 1.3%, with no significant trends or peak values.
Accounts receivable, less allowance
This item showed slight variation around 8% to 9.9% of total assets. There was a minor downward shift in 2020 to just around 7%, with a modest rebound in subsequent periods but still remaining generally lower compared to earlier years.
Inventories
Inventories maintained a range between approximately 9.5% and 13.1% of total assets. After peaking near the end of 2018, inventories consistently trended downward until the end of the observed period, indicating a reduction in this asset component's share.
Prepaid expenses and other current assets
There was a gradual decline in this component from around 2.7% in 2017 to approximately 1.4% by the end of 2020, with a slight recovery afterward, stabilizing around 1.7% to 1.9% into early 2022.
Current assets
Current assets as a percentage of total assets showed volatility, initially around 38% to 40% through mid-2020, followed by a marked decrease to the low 20% range by early 2022, reflecting a reduction in short-term asset holdings relative to total assets.
Property, plant and equipment (PPE)
The overall PPE including land, buildings, machinery, and equipment displayed moderate declines in ratio terms from 2017 through the end of the period. PPE net of accumulated depreciation decreased from approximately 8% to below 8%, with minor fluctuations but a clear downward tendency by 2022.
Goodwill
Goodwill's share of total assets remained the largest single component among noncurrent assets, fluctuating between 28% and 42%. Notably, it exhibited a strong upward spike in late 2020 through 2021, reaching its maximum of 42.14% by the first quarter of 2022, indicating possibly increased acquisitions or asset revaluations.
Other intangibles, net
This item showed a gradual downward trend from near 17% in 2017 to around 12% by 2020, followed by some recovery to about 15% towards early 2022.
Noncurrent deferred income tax assets
Data available only from late 2017 indicate a general decline from about 6.16% to 4.43% by early 2022, suggesting a reduction in deferred tax asset recognition relative to total assets.
Other noncurrent assets
Other noncurrent assets fluctuated in a range from approximately 2.94% to 7.14% across the years. There was a slight increasing trend between 2019 and 2022, rising to about 6.53% by the end of the observed period.
Noncurrent assets total
Noncurrent assets remained the dominant category, representing more than 60% of total assets consistently, with an increasing trend from about 60% in 2017 to nearly 76% by the first quarter of 2022. This represents a heavier asset allocation towards long-term resources over time.