Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Analysis of Liquidity Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Stryker Corp., consolidated statement of comprehensive income
US$ in millions
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).
- Net earnings
- Net earnings exhibited substantial volatility over the observed period. Starting at 1,020 million US dollars in 2017, net earnings peaked sharply at 3,553 million dollars in 2018, followed by a decline to 2,083 million in 2019. The downward trend continued in 2020, reaching 1,599 million, before recovering moderately to 1,994 million in 2021. Overall, the data indicates significant fluctuations, with the highest profitability recorded in 2018.
- Marketable securities
- Values for marketable securities are sparse and inconsistent, with minor negative and positive values oscillating around zero. The data points include -4 million in 2017, an unreported value in 2018, 1 million in 2019, missing data in 2020, and 3 million in 2021. These small, irregular figures suggest limited activity or stable holdings in marketable securities.
- Pension plans
- The pension plan figures show a generally negative trend through 2017 to 2020, starting with -2 million in 2017, worsening to -3 million in 2018, dropping further to -42 million in 2019, and then to -80 million in 2020. However, in 2021, there is a notable reversal with a positive figure of 104 million, which may indicate a significant adjustment or improvement in pension-related assets or liabilities.
- Unrealized gains (losses) on designated hedges
- Unrealized gains and losses on designated hedges demonstrate considerable volatility. Beginning with a modest gain of 4 million in 2017 and increasing sharply to 22 million in 2018, the account then shifted to a loss of 3 million in 2019 and deepened substantially to a loss of 57 million in 2020. This volatility reversed in 2021 with a significant gain of 50 million, indicating fluctuating hedge values likely influenced by market conditions.
- Financial statement translation
- Financial statement translation effects present dramatic fluctuations. The item started with a positive 210 million in 2017, switched to a negative 97 million in 2018, returned to a positive 69 million in 2019, then markedly worsened to a substantial negative 414 million in 2020. In 2021, this trend reversed sharply, showing a large positive 469 million. These swings suggest considerable currency translation impacts, reflecting possibly volatile foreign exchange environments over the period.
- Other comprehensive income (loss), net of tax
- Other comprehensive income or loss follows a trajectory largely influenced by translation and hedge activity. Positive in 2017 at 208 million, it turned negative in 2018 (-78 million), rebounded slightly in 2019 (25 million), then sharply declined to -551 million in 2020 before swinging to 626 million in 2021. These wide variations indicate highly variable components affecting comprehensive income aside from net earnings.
- Comprehensive income
- Comprehensive income trends closely mirror net earnings but with additional volatility due to other comprehensive items. Starting at 1,228 million in 2017, it peaked in 2018 at 3,475 million, then declined to 2,108 million in 2019. The figure fell significantly to 1,048 million in 2020 before increasing to 2,620 million in 2021. This pattern suggests overall profitability and other comprehensive elements combined to produce fluctuating but positive returns, with 2020 manifesting the weakest comprehensive performance.