Stock Analysis on Net

Stryker Corp. (NYSE:SYK)

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

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.

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

US$ in millions

Microsoft Excel
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 financial data reveals several notable trends over the five-year period ending in 2021. Total liabilities exhibited consistent growth from $12.2 billion in 2017 to a peak of $21.2 billion in 2020, followed by a slight decline to $19.8 billion in 2021. This increase was primarily driven by growth in both current and noncurrent liabilities. Current liabilities rose significantly from $3.5 billion in 2017 to $5 billion in 2020, then decreased moderately to $4.5 billion in 2021.

Among current liabilities, accounts payable increased steadily from $487 million in 2017 to $1.1 billion in 2021, indicating rising obligations to suppliers or vendors. Accrued compensation also rose, reaching $1.1 billion in 2021 after peaking slightly lower in prior years, suggesting growing employee-related liabilities. Income taxes payable fluctuated moderately but remained relatively stable around $143 million to $192 million. Dividend payable increased steadily from $178 million to $263 million, reflecting growth in shareholder distributions. Accrued product liabilities appeared first in 2019 at $331 million, increased substantially in 2020 to $515 million, then decreased to $401 million in 2021. Accrued expenses and other liabilities fluctuated without a clear trend, ranging between $1.2 billion and $1.6 billion.

Current maturities of debt showed significant volatility, with a peak of $1.37 billion in 2018 followed by a sharp decline to $7 million in 2021, indicating substantial repayment or refinancing activity. Long-term debt increased steadily from $6.6 billion in 2017 to $13.2 billion in 2020, then decreased somewhat to $12.5 billion in 2021, reflecting changes in the company's debt structure.

Noncurrent liabilities mirrored the overall increase in long-term obligations, rising from $8.7 billion in 2017 to $16.2 billion in 2020 before decreasing slightly to $15.2 billion in 2021. Other noncurrent liabilities increased notably in 2019 and 2020 before slightly declining in 2021.

Total shareholders’ equity showed a positive and steady upward trajectory from $9.98 billion in 2017 to $14.9 billion in 2021, marking considerable growth. This was driven by increases in retained earnings, which rose from $8.99 billion to $13.5 billion, and additional paid-in capital, which increased steadily from $1.5 billion to $1.9 billion. Common stock remained essentially unchanged, reflecting stable issued share capital. Accumulated other comprehensive loss fluctuated, peaking negatively at $1.16 billion in 2020 before improving to a smaller loss of $531 million in 2021.

The combined liabilities and shareholders’ equity grew from $22.2 billion in 2017 to $34.6 billion in 2021, representing significant expansion in the company’s financial position. The overall increase is attributable to growth in both liabilities and equity, with equity increasing at a somewhat slower pace compared to liabilities during the earlier years but showing accelerated growth in the final year.