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.

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Stryker Corp., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net earnings 1,994 1,599 2,083 3,553 1,020
Depreciation 371 340 314 306 271
Amortization of intangible assets 619 472 464 417 371
Asset impairments 264 215 16 14
Share-based compensation 171 142 127 119 113
Recall charges 103 17 192 23 173
Sale of inventory stepped up to fair value at acquisition 266 48 67 16 22
Deferred income tax expense (benefit) (237) 48 126 (1,582) 36
Accounts receivable (377) 354 (563) (60) (162)
Inventories (189) 27 (400) (385) (320)
Accounts payable 329 100 63 116 21
Accrued expenses and other liabilities 315 (54) 113 289 90
Recall-related payments (221) (17) (177) (90) (526)
Income taxes (98) (16) (105) (156) 704
Other, net (47) 2 (129) 30 (254)
Changes in operating assets and liabilities (288) 396 (1,198) (256) (447)
Adjustments to reconcile net earnings to net cash provided by operating activities 1,269 1,678 108 (943) 539
Net cash provided by operating activities 3,263 3,277 2,191 2,610 1,559
Acquisitions, net of cash acquired (339) (4,222) (802) (2,451) (831)
Purchases of marketable securities (49) (54) (74) (226) (270)
Proceeds from sales of marketable securities 55 61 69 394 87
Purchases of property, plant and equipment (525) (487) (649) (572) (598)
Other investing, net (1) 1 1 (2) (1)
Net cash used in investing activities (859) (4,701) (1,455) (2,857) (1,613)
Proceeds and payments on short-term borrowings, net (7) (6) (7) (1) (200)
Proceeds from issuance of long-term debt 5 3,292 2,642 3,126 499
Payments on long-term debt (1,151) (2,297) (1,342) (669)
Payments of dividends (950) (863) (778) (703) (636)
Repurchases of common stock (307) (300) (230)
Cash paid for taxes from withheld shares (114) (110) (136) (120) (95)
Payments to purchase noncontrolling interest (14) (99)
Other financing, net (148) (27) (69) 10 (33)
Net cash provided by (used in) financing activities (2,365) (11) 3 1,329 (794)
Effect of exchange rate changes on cash and cash equivalents (38) 41 (18) (8) 74
Change in cash and cash equivalents 1 (1,394) 721 1,074 (774)
Cash and cash equivalents at beginning of year 2,943 4,337 3,616 2,542 3,316
Cash and cash equivalents at end of year 2,944 2,943 4,337 3,616 2,542

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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Stryker Corp. net cash provided by operating activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Stryker Corp. net cash used in investing activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Stryker Corp. net cash provided by (used in) financing activities decreased from 2019 to 2020 and from 2020 to 2021.