Medtronic plc

10-K & 10-Q Filings

Medtronic plc is a global healthcare technology company headquartered in Dublin, Ireland. Founded in 1949, the company's mission is to alleviate pain, restore health, and extend life. Medtronic's business strategy focuses on leveraging its pipeline to accelerate revenue growth, serving more patients by accelerating innovation-driven growth, creating and disrupting markets with technology, and empowering its operating units to be more nimble and competitive. The company operates through four reportable segments: Cardiovascular Portfolio, Medical Surgical Portfolio, Neuroscience Portfolio, and Diabetes Operating Unit. Medtronic's Cardiovascular Portfolio includes products for the diagnosis, treatment, and management of heart rhythm disorders and heart failure, such as implantable pacemakers, implantable cardioverter defibrillators, implantable cardiac resynchronization therapy devices, cardiac ablation products, and insertable cardiac monitoring systems. The Medical Surgical Portfolio consists of products for surgical technologies, respiratory interventions, gastrointestinal and renal therapies, and patient monitoring. The Neuroscience Portfolio includes products for neurosurgery, specialty therapies, and neuromodulation. The Diabetes Operating Unit develops, manufactures, and markets products and services for the management of Type 1 and Type 2 diabetes. Medtronic's website is www.medtronic.com, and its ticker symbol is MDT on the New York Stock Exchange.

12 mos ending Apr 24, 201512 mos ending Apr 29, 201612 mos ending Apr 28, 201712 mos ending Apr 27, 201812 mos ending Apr 26, 201912 mos ending Apr 24, 202012 mos ending Apr 30, 202112 mos ending Apr 29, 202212 mos ending Apr 28, 20239 mos ending Jan 27, 20239 mos ending Jan 26, 2024CAGR %YoY %Revenue (+)
$20261.00
28833.00
29710.00
29953.00
30557.00
28913.00
30117.00
31686.00
31227.00
22682.00
23775.00
5.56%4.82%Cost of Revenue (-)
$6309.00
9142.00
9291.00
9055.00
9155.00
9424.00
10483.00
10145.00
10719.00
7740.00
8172.00
6.85%5.58%Gross Profit (+)
$13952.00
19691.00
20419.00
20898.00
21402.00
19489.00
19634.00
21541.00
20508.00
14942.00
15603.00
4.93%4.42%Selling, General & Administrative (-)
$6904.00
9469.00
9711.00
9974.00
10418.00
10109.00
10148.00
10292.00
10415.00
7799.00
7971.00
5.27%2.21%Research & Development (-)
$1640.00
2224.00
2193.00
2253.00
2330.00
2331.00
2493.00
2746.00
2696.00
2055.00
2060.00
6.41%0.24%Depreciation & Amortization (-)
$733.00
1931.00
2000.00
1823.00
1764.00
1756.00
1783.00
1733.00
1698.00
1275.00
1274.00
11.07%-0.08%Operating Expenses (-)
$10068.00
14293.00
14887.00
14247.00
15134.00
14698.00
15150.00
15633.00
15023.00
10942.00
11511.00
5.13%5.20%Costs & Expenses (Total) (-)
$16377.00
23435.00
24178.00
23302.00
24289.00
24122.00
25633.00
25933.00
25742.00
18763.00
19683.00
5.82%4.90%Operating Income/Loss (+)
$3766.00
5291.00
5330.00
6651.00
6268.00
4791.00
4484.00
5752.00
5485.00
3920.00
4091.00
4.81%4.36%Non-operating Income/Expense (+)
$-118.00
-107.00
-222.00
-505.00
373.00
356.00
336.00
318.00
515.00
342.00
407.00
19.01%Interest Expense (-)
$280.00
955.00
728.00
749.00
1444.00
1092.00
925.00
553.00
636.00
449.00
517.00
10.80%15.14%Earnings before Tax (+)
$3486.00
4336.00
4602.00
5675.00
5197.00
4055.00
3895.00
5517.00
5364.00
3813.00
3982.00
5.53%4.43%Tax Expense (-)
$811.00
798.00
578.00
2580.00
547.00
-751.00
265.00
456.00
1580.00
1218.00
936.00
8.69%-23.15%Income/Loss (Continuing Operations) (+)
$2675.00
3538.00
4024.00
3095.00
4650.00
4806.00
3630.00
5061.00
3784.00
2595.00
3046.00
4.43%17.38%Profit/Loss (+)
$
4024.00
3095.00
4650.00
4806.00
3630.00
5062.00
3784.00
2595.00
3045.00
17.34%Net Income/Loss (NCI) (-)
$
-4.00
-9.00
19.00
17.00
24.00
22.00
26.00
17.00
23.00
35.29%Net Income/Loss (+)
$2675.00
3538.00
4028.00
3104.00
4631.00
4789.00
3606.00
5039.00
3758.00
2579.00
3022.00
4.34%17.18%Net Income/Loss (Common) (+)
$2675.00
3538.00
4028.00
3104.00
4631.00
4789.00
3606.00
5039.00
3758.00
2579.00
3022.00
4.34%17.18%EPS (Basic)
$2.44
2.51
2.92
2.29
3.44
3.57
2.68
3.75
2.83
1.94
2.27
1.87%17.01%EPS (Diluted)
$2.41
2.48
2.89
2.27
3.41
3.54
2.66
3.73
2.82
1.94
2.27
1.98%17.01%Weighted Avg Shares (Basic)
1095.50
1409.60
1378.90
1356.70
1346.40
1340.70
1344.90
1342.40
1329.80
1329.60
1330.10
2.45%0.04%Weighted Avg Shares (Diluted)
1109.00
1425.90
1391.40
1368.20
1357.50
1351.10
1354.00
1351.40
1332.80
1332.80
1332.40
2.32%-0.03%Cash
$4843.00
2876.00
4967.00
3669.00
4393.00
4140.00
3593.00
3714.00
1543.00
4521.00
1623.00
-13.32%-64.10%Short-term Investments
$14637.00
9758.00
8741.00
7558.00
5455.00
6808.00
7224.00
6859.00
6416.00
6616.00
6698.00
-9.80%1.24%Receivables
$5112.00
5562.00
5591.00
5987.00
6222.00
4645.00
5462.00
5551.00
5998.00
5887.00
5968.00
2.02%1.38%Inventory
$3463.00
3473.00
3338.00
3579.00
3753.00
4229.00
4313.00
4616.00
5293.00
5375.00
5726.00
5.45%6.53%Prepaid Expenses (Current)
$1454.00
1234.00
1865.00
Other Assets (Current)
$1335.00
697.00
371.00
2187.00
2144.00
2209.00
1955.00
2318.00
2425.00
2965.00
2499.00
7.75%-15.72%Assets (Current)
$30844.00
23600.00
24873.00
22980.00
21967.00
22031.00
22548.00
23059.00
21675.00
25364.00
22513.00
-4.31%-11.24%Property, Plant & Equipment (Net)
$4699.00
4841.00
4361.00
4604.00
4675.00
4828.00
5221.00
5413.00
5569.00
5437.00
5838.00
2.15%7.38%Accumulated Depreciation
$
8489.00
Goodwill & Intangibles
$68631.00
68399.00
61922.00
61266.00
60519.00
58904.00
59701.00
56097.00
56269.00
56830.00
54850.00
-2.45%-3.48%Other Assets
$2511.00
2942.00
8660.00
2543.00
2533.00
4926.00
5612.00
6411.00
7436.00
6503.00
7635.00
14.53%17.41%Assets (Non-current)
$75841.00
76182.00
74943.00
68413.00
67727.00
68658.00
70534.00
67921.00
69274.00
68770.00
68323.00
-1.13%-0.65%Assets (Total)
$106685.00
99782.00
99816.00
91393.00
89694.00
90689.00
93083.00
90981.00
90948.00
94134.00
90836.00
-1.98%-3.50%Accounts Payable
$2545.00
2275.00
2364.00
2607.00
2520.00
2498.00
2541.00
2980.00
3502.00
2866.00
3101.00
4.07%8.20%Debt (Current)
$2434.00
993.00
7520.00
2058.00
838.00
2776.00
11.00
3742.00
20.00
5918.00
1029.00
-45.13%-82.61%Other Liabilities (Current)
$4194.00
3897.00
4336.00
5419.00
5114.00
5092.00
5957.00
5672.00
5530.00
5637.00
5662.00
3.52%0.44%Liabilities (Current)
$9173.00
7165.00
14220.00
10084.00
8472.00
10366.00
8509.00
12394.00
9051.00
14422.00
9793.00
-0.17%-32.10%Debt (Non-current)
$33752.00
30247.00
25921.00
23699.00
24486.00
22021.00
26378.00
20372.00
24344.00
22210.00
24153.00
-4.00%8.75%Other Liabilities
$10530.00
10307.00
9259.00
6788.00
6524.00
7430.00
6592.00
5494.00
5888.00
5885.00
4895.00
-7.01%-16.82%Liabilities (Non-current)
$44282.00
40554.00
35180.00
30487.00
31010.00
29451.00
32970.00
25866.00
30232.00
28095.00
29048.00
-4.66%3.39%Liabilities (Total)
$53455.00
47719.00
49400.00
40571.00
39482.00
39817.00
41481.00
38260.00
39283.00
42516.00
38840.00
-3.78%-8.65%Retained Earnings
$54414.00
53931.00
23356.00
24379.00
26270.00
28132.00
28594.00
30250.00
30392.00
30117.00
30661.00
-7.02%1.81%AOCI
$-1184.00
-1868.00
-2613.00
-1786.00
-2711.00
-3560.00
-3485.00
-2265.00
-3499.00
-3189.00
-3459.00
-8.47%Shareholder's Equity
$53230.00
52063.00
50416.00
50822.00
50212.00
50872.00
51602.00
52722.00
51665.00
51618.00
51996.00
-0.37%0.73%Liabilities & Equity
$106685.00
99782.00
99816.00
91393.00
89694.00
90689.00
93083.00
90981.00
90948.00
94134.00
90836.00
-1.98%-3.50%Net Income/Loss
$2675.00
3538.00
4024.00
3095.00
4650.00
4806.00
3630.00
5062.00
3784.00
2595.00
3045.00
4.43%17.34%Depreciation & Amortization
$1382.00
2849.00
2928.00
2631.00
2659.00
2663.00
2702.00
2707.00
2697.00
2018.00
1993.00
8.72%-1.24%Increase/Decrease in Working Capital
$-1564.00
1089.00
-139.00
173.00
1080.00
-61.00
701.00
889.00
967.00
1525.00
1408.00
-7.67%Share-based Compensation
$439.00
375.00
348.00
344.00
290.00
297.00
344.00
359.00
355.00
280.00
303.00
-2.62%8.21%Adjustments to Reconcile Net Income
$2227.00
1680.00
2856.00
1589.00
2357.00
2428.00
2610.00
2284.00
2255.00
984.00
965.00
0.16%-1.93%Net Cash (Operating)
$4902.00
5218.00
6880.00
4684.00
7007.00
7234.00
6240.00
7346.00
6039.00
3579.00
4010.00
2.64%12.04%Capital Expenditure
$15455.00
2259.00
2578.00
-4853.00
2961.00
1701.00
2349.00
1459.00
3326.00
2948.00
1235.00
-17.47%-58.11%Net Cash (Investing)
$-17058.00
2245.00
-1571.00
5858.00
-774.00
-3203.00
-2866.00
-1659.00
-3493.00
-3018.00
-1670.00
44.67%Increase/Decrease in Debt
$18673.00
-5125.00
2193.00
-7642.00
-867.00
-559.00
-570.00
-1.00
-598.00
3256.00
1010.00
-68.98%Increase/Decrease in Equity
$-1271.00
-2339.00
-3116.00
-1768.00
-1885.00
-664.00
-178.00
-2115.00
-337.00
-339.00
-304.00
10.32%Interest Expenses
$578.00
1266.00
1134.00
1147.00
973.00
643.00
582.00
540.00
606.00
262.00
568.00
0.59%116.79%Dividends Paid
$1337.00
2139.00
2376.00
2494.00
2693.00
2894.00
3120.00
3383.00
3616.00
2711.00
2753.00
13.24%1.55%Net Cash (Financing)
$15949.00
-9543.00
-3283.00
-11954.00
-5431.00
-4198.00
-4136.00
-5336.00
-4960.00
-70.00
-2091.00
-2887.14%Cash Taxes Paid
$632.00
1379.00
1029.00
2542.00
1558.00
878.00
1250.00
996.00
1548.00
1314.00
1403.00
11.85%6.77%Effect of Exchange Rate
$-353.00
113.00
65.00
114.00
-78.00
-86.00
215.00
-231.00
243.00
317.00
-170.00
-153.63%Increase/Decrease in Cash
$3440.00
-1967.00
2091.00
-1298.00
724.00
-253.00
-547.00
121.00
-2171.00
808.00
80.00
-90.10%Cash (Beginning)
$1403.00
4843.00
2876.00
4967.00
3669.00
4393.00
4140.00
3593.00
3714.00
3714.00
1543.00
12.94%-58.45%Cash (Ending)
$4843.00
2876.00
4967.00
3669.00
4393.00
4140.00
3593.00
3714.00
1543.00
4521.00
1623.00
-13.32%-64.10%NOPAT
$3083.24
3608.28
4138.22
3671.82
4388.93
5678.31
3044.98
4713.57
3902.08
2569.13
2649.60
2.99%3.13%Gross Margin %
68.86%
68.29%
68.73%
69.77%
70.04%
67.41%
65.19%
67.98%
65.67%
65.88%
65.63%
Operating Margin %
18.59%
18.35%
17.94%
22.20%
20.51%
16.57%
14.89%
18.15%
17.56%
17.28%
17.21%
NOPAT Margin %
15.22%
12.51%
13.93%
12.26%
14.36%
19.64%
10.11%
14.88%
12.50%
11.33%
11.14%
Net Margin %
13.20%
12.27%
13.56%
10.36%
15.16%
16.56%
11.97%
15.90%
12.03%
11.37%
12.71%
Tax Rate %
18.13%
31.80%
22.36%
44.79%
29.98%
-18.52%
32.09%
18.05%
28.86%
34.46%
35.23%
ROA
2.89%
3.62%
4.15%
4.02%
4.89%
6.26%
3.27%
5.18%
4.29%
2.73%
2.92%
ROE
5.79%
6.93%
8.21%
7.22%
8.74%
11.16%
5.90%
8.94%
7.55%
4.98%
5.10%
ROIC
3.82%
4.39%
5.48%
5.02%
6.00%
8.06%
4.22%
6.83%
5.70%
3.66%
3.89%
Asset Turnover
0.19
0.29
0.30
0.33
0.34
0.32
0.32
0.35
0.34
0.24
0.26
Inventory Turnover
1.82
2.63
2.78
2.53
2.44
2.23
2.43
2.20
2.03
1.44
1.43
Equity Multiplier
2.00
1.92
1.98
1.80
1.79
1.78
1.80
1.73
1.76
1.82
1.75
Current Ratio
3.36
3.29
1.75
2.28
2.59
2.13
2.65
1.86
2.39
1.76
2.30
Quick Ratio
2.68
2.54
1.36
1.71
1.90
1.50
1.91
1.30
1.54
1.18
1.46
Debt/Equity Ratio
0.68
0.60
0.66
0.51
0.50
0.49
0.51
0.46
0.47
0.54
0.48
Interest Coverage Ratio
6.52
4.18
4.70
5.80
6.44
7.45
7.70
10.65
9.05
14.96
7.20
Working Capital/Sales
0.37
0.31
0.31
0.24
0.26
0.23
0.24
0.24
0.21
0.35
0.31
R&D/Sales
0.08
0.08
0.07
0.08
0.08
0.08
0.08
0.09
0.09
0.09
0.09
Dividend Payout Ratio %
43.36%
59.28%
57.42%
67.92%
61.36%
50.97%
102.46%
71.77%
92.67%
105.52%
103.90%
Total Payout
$-15487.00
10869.00
4433.00
13051.00
6418.00
4760.00
4450.00
6039.00
5157.00
56.00
2615.00
4569.64%Payout Ratio %
-502.30%
301.22%
107.12%
355.44%
146.23%
83.83%
146.14%
128.12%
132.16%
2.18%
98.69%