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Stryker Corp. (SYK)

Statement of Financial Position, Liabilities and Stockholders’ Equity

Difficulty: Beginner

The statement of financial position 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.

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 Statement of Financial Position, Liabilities and Stockholders’ Equity

USD $ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Accounts payable 646  487  437  410  329 
Accrued compensation 917  838  767  637  597 
Income taxes 158  143  40  141  333 
Dividend payable 192  178  159  142  131 
Accrued expenses and other liabilities 1,521  1,207  1,517  1,404  2,347 
Current maturities of debt 1,373  632  228  769  727 
Current liabilities 4,807  3,485  3,148  3,503  4,464 
Long-term debt, excluding current maturities 8,486  6,590  6,686  3,253  3,246 
Income taxes 1,228  1,261  287  —  — 
Other noncurrent liabilities 978  881  764  980  1,408 
Noncurrent liabilities 10,692  8,732  7,737  4,233  4,654 
Total liabilities 15,499  12,217  10,885  7,736  9,118 
Common stock, $0.10 par value 37  37  37  37  38 
Additional paid-in capital 1,559  1,496  1,432  1,321  1,252 
Retained earnings 10,765  8,986  8,842  7,792  7,559 
Accumulated other comprehensive loss (631) (553) (761) (639) (254)
Total Stryker shareholders’ equity 11,730  9,966  9,550  8,511  8,595 
Noncontrolling interest —  14  —  —  — 
Total shareholders’ equity 11,730  9,980  9,550  8,511  8,595 
Total liabilities & shareholders’ equity 27,229  22,197  20,435  16,247  17,713 

Based on: 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), 10-K (filing date: 2015-02-12).

Item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Stryker Corp.’s current liabilities increased from 2016 to 2017 and from 2017 to 2018.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Stryker Corp.’s noncurrent liabilities increased from 2016 to 2017 and from 2017 to 2018.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Stryker Corp.’s total liabilities increased from 2016 to 2017 and from 2017 to 2018.
Total Stryker shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Stryker Corp.’s total Stryker shareholders’ equity increased from 2016 to 2017 and from 2017 to 2018.