Name: Stryker Corp. (NYSE:SYK) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Stryker Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Accounts payable	1,129)	810)	675)	646)	487)
Accrued compensation	1,092)	925)	955)	917)	838)
Income taxes	192)	207)	171)	158)	143)
Dividend payable	263)	237)	213)	192)	178)
Accrued product liabilities	401)	515)	331)	—)	—)
Accrued expenses and other liabilities	1,465)	1,586)	1,196)	1,521)	1,207)
Current maturities of debt	7)	761)	859)	1,373)	632)
Current liabilities	4,549)	5,041)	4,400)	4,807)	3,485)
Long-term debt, excluding current maturities	12,472)	13,230)	10,231)	8,486)	6,590)
Income taxes	913)	990)	1,068)	1,228)	1,261)
Other noncurrent liabilities	1,820)	1,985)	1,661)	978)	881)
Noncurrent liabilities	15,205)	16,205)	12,960)	10,692)	8,732)
Total liabilities	19,754)	21,246)	17,360)	15,499)	12,217)
Common stock, $0.10 par value	38)	38)	37)	37)	37)
Additional paid-in capital	1,890)	1,741)	1,628)	1,559)	1,496)
Retained earnings	13,480)	12,462)	11,748)	10,765)	8,986)
Accumulated other comprehensive loss	(531)	(1,157)	(606)	(631)	(553)
Total Stryker shareholders’ equity	14,877)	13,084)	12,807)	11,730)	9,966)
Non-controlling interest	—)	—)	—)	—)	14)
Total shareholders’ equity	14,877)	13,084)	12,807)	11,730)	9,980)
Total liabilities & shareholders’ equity	34,631)	34,330)	30,167)	27,229)	22,197)

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).

The balance sheet reflects a significant expansion in total scale between 2017 and 2021, with total liabilities and shareholders' equity increasing from 22,197 million US dollars to 34,631 million US dollars. Total liabilities experienced a period of aggressive growth, peaking in 2020 at 21,246 million US dollars before moderating to 19,754 million US dollars in 2021. This trajectory indicates a period of leveraged expansion followed by a slight deleveraging phase in the final year.

Debt Obligations and Liability Structure: A substantial increase in long-term debt is observed, rising from 6,590 million US dollars in 2017 to a peak of 13,230 million US dollars in 2020, before declining to 12,472 million US dollars in 2021. There is a notable shift in the management of short-term obligations; current maturities of debt fluctuated significantly, reaching 1,373 million US dollars in 2018 but falling to 7 million US dollars by 2021, suggesting a strategic shift toward long-term financing structures or the settlement of immediate debt obligations.
Operational Liability Trends: Current liabilities trended upward from 3,485 million US dollars in 2017 to 4,549 million US dollars in 2021. This increase is largely driven by accounts payable, which grew from 487 million US dollars to 1,129 million US dollars, and accrued compensation, which rose from 838 million US dollars to 1,092 million US dollars. These patterns suggest an expansion in operational volume and workforce scale. Additionally, accrued product liabilities appeared as a significant item starting in 2019, peaking at 515 million US dollars in 2020.
Shareholders' Equity and Capital Growth: Total shareholders' equity demonstrated consistent growth, increasing from 9,980 million US dollars in 2017 to 14,877 million US dollars in 2021. This growth is primarily attributed to the steady rise in retained earnings, which increased from 8,986 million US dollars to 13,480 million US dollars, indicating strong cumulative profitability over the five-year period. Accumulated other comprehensive loss exhibited volatility, deepening to a deficit of 1,157 million US dollars in 2020 before recovering to 531 million US dollars in 2021.

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