Stock Analysis on Net
Stock Analysis on Net
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Stryker Corp. (NYSE:SYK)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

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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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 6,539  3,964  4,337  1,948  1,754  1,674  3,616  1,918  1,641  2,179  2,542  2,592  3,649  3,213  3,316  2,953  3,490  6,976  3,379  3,163  3,626  1,674 
Marketable securities 80  84  88  88  85  84  83  292  279  276  251  97  98  66  68  69  166  507  700  209  651  2,589 
Accounts receivable, less allowance 2,203  2,646  2,893  2,438  2,408  2,284  2,332  2,076  2,089  2,108  2,198  1,965  1,905  1,875  1,967  1,803  1,758  1,591  1,662  1,496  1,500  1,521 
Materials and supplies 785  738  677  679  652  608  606  614  572  554  528  523  495  476  425  396  363  325  304  296  270  260 
Work in process 158  187  178  185  186  178  149  174  171  171  148  159  151  137  130  126  126  119  103  113  104  101 
Finished goods 2,499  2,434  2,427  2,405  2,360  2,278  2,200  2,105  1,997  1,939  1,789  1,772  1,633  1,559  1,475  1,570  1,500  1,324  1,232  1,256  1,245  1,221 
Inventories 3,442  3,359  3,282  3,269  3,198  3,064  2,955  2,893  2,740  2,664  2,465  2,454  2,279  2,172  2,030  2,092  1,989  1,768  1,639  1,665  1,619  1,582 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  933  955  894 
Prepaid expenses and other current assets 537  683  760  823  740  782  747  739  664  624  537  602  547  563  480  449  421  483  564  567  585  467 
Current assets 12,801  10,736  11,360  8,566  8,185  7,888  9,733  7,918  7,413  7,851  7,993  7,710  8,478  7,889  7,861  7,366  7,824  11,325  7,944  8,033  8,936  8,727 
Land, buildings and improvements 1,445  1,419  1,263  1,263  1,057  1,021  1,041  976  966  983  936  921  892  857  820  802  797  695  687  680  680  667 
Machinery and equipment 3,330  3,357  3,451  3,340  3,421  3,321  3,236  3,176  3,070  2,998  2,864  2,768  2,626  2,476  2,341  2,321  2,273  2,116  2,043  1,976  1,924  1,861 
Property, plant and equipment 4,775  4,776  4,714  4,603  4,478  4,342  4,277  4,152  4,036  3,981  3,800  3,689  3,518  3,333  3,161  3,123  3,070  2,811  2,730  2,656  2,604  2,528 
Accumulated depreciation (2,248) (2,169) (2,147) (2,143) (2,091) (2,045) (1,986) (1,974) (1,935) (1,927) (1,825) (1,837) (1,760) (1,678) (1,592) (1,618) (1,624) (1,587) (1,531) (1,528) (1,502) (1,459)
Property, plant and equipment, net 2,527  2,607  2,567  2,460  2,387  2,297  2,291  2,178  2,101  2,054  1,975  1,852  1,758  1,655  1,569  1,505  1,446  1,224  1,199  1,128  1,102  1,069 
Goodwill 9,074  9,025  9,069  8,704  8,762  8,710  8,563  7,634  7,636  7,723  7,168  7,026  6,471  6,393  6,356  6,475  6,372  4,165  4,136  4,160  4,125  4,099 
Other intangibles, net 4,012  4,107  4,227  4,056  4,184  4,240  4,163  3,463  3,567  3,689  3,477  3,470  3,382  3,446  3,508  3,608  3,728  1,780  1,794  1,861  1,925  1,960 
Noncurrent deferred income tax assets 1,570  1,537  1,575  1,586  1,613  1,631  1,678  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other noncurrent assets 1,499  1,428  1,369  1,287  1,223  1,171  801  891  853  816  1,584  1,427  1,203  1,134  1,141  1,233  1,150  1,174  1,174  735  731  725 
Noncurrent assets 18,682  18,704  18,807  18,093  18,169  18,049  17,496  14,166  14,157  14,282  14,204  13,775  12,814  12,628  12,574  12,821  12,696  8,343  8,303  7,884  7,883  7,853 
Total assets 31,483  29,440  30,167  26,659  26,354  25,937  27,229  22,084  21,570  22,133  22,197  21,485  21,292  20,517  20,435  20,187  20,520  19,668  16,247  15,917  16,819  16,580 

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-09), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-22), 10-Q (filing date: 2016-04-22), 10-K (filing date: 2016-02-11), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-29), 10-Q (filing date: 2015-04-30).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Stryker Corp.’s current assets decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Stryker Corp.’s property, plant and equipment, net increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Stryker Corp.’s noncurrent assets decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Stryker Corp.’s total assets decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Stryker Corp.’s cash and cash equivalents decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Marketable securities Amount of investment in marketable security, classified as current. Stryker Corp.’s marketable securities decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Accounts receivable, less allowance Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Stryker Corp.’s accounts receivable, less allowance decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Stryker Corp.’s inventories increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.