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

Stryker Corp. (NYSE:SYK)

Common-Size Income Statement

Beginner level

Stryker Corp., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of sales -34.86 -34.28 -34.32 -33.82 -33.62
Gross profit 65.14% 65.72% 65.68% 66.18% 66.38%
Research, development and engineering expenses -6.52 -6.34 -6.32 -6.31 -6.28
Selling, general and administrative expenses -35.98 -37.49 -36.58 -36.53 -36.30
Recall charges -1.29 -0.17 -1.39 -1.40 -2.98
Amortization of intangible assets -3.12 -3.07 -2.98 -2.82 -2.11
Operating expenses -46.92% -47.06% -47.28% -47.06% -47.67%
Operating income 18.23% 18.65% 18.40% 19.13% 18.71%
Interest expense -1.93 -1.94 -1.98 -2.01 -1.09
Other income (expense), net 0.91 0.61 0.16 -0.15 -0.18
Earnings before income taxes 17.21% 17.32% 16.58% 16.96% 17.44%
Income taxes -3.22 8.80 -8.38 -2.42 -2.98
Net earnings 13.99% 26.12% 8.20% 14.54% 14.47%

Based on: 10-K (filing date: 2020-02-06), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Stryker Corp.’s operating income as a percentage of net sales increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Earnings before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Stryker Corp.’s earnings before income taxes as a percentage of net sales increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Stryker Corp.’s net earnings as a percentage of net sales increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.