STRYKER CORP
10-K & 10-Q Filings
Stryker Corporation is a global medical technology company based in Michigan, founded in 1941 by Dr. Homer H. Stryker, a prominent orthopaedic surgeon and inventor. The company's mission is to make healthcare better by developing innovative products and services in the MedSurg, Neurotechnology, Orthopaedics and Spine segments. Stryker's products include surgical equipment, patient handling systems, neurosurgical and neurovascular devices, and implants used in joint replacement and trauma surgeries. The company competes with major players in each segment and has a strong focus on innovation and quality. Stryker's website is www.stryker.com and its ticker symbol is SYK. The company's business segments are MedSurg and Neurotechnology, and Orthopaedics and Spine. MedSurg and Neurotechnology includes Instruments, Endoscopy, Medical, Neurovascular, and Neuro Cranial. Orthopaedics and Spine includes Knees, Hips, Trauma and Extremities, and Spine. Stryker's products are sold in approximately 75 countries through company-owned subsidiaries and branches as well as third-party dealers and distributors.
12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$8307.00
8657.00
9021.00
9675.00
9946.00
11325.00
12444.00
13601.00
14884.00
14351.00
17108.00
18449.00
20498.00
4778.00
5243.00
7.82%9.73%Cost of Revenue (-)$2811.00
2781.00
2977.00
3291.00
3344.00
3830.00
4271.00
4663.00
5188.00
5294.00
6140.00
6871.00
7440.00
1762.00
1910.00
8.45%8.40%Gross Profit (+)$5496.00
5876.00
6044.00
6384.00
6602.00
7495.00
8173.00
8938.00
9696.00
9057.00
10968.00
11578.00
13058.00
3016.00
3333.00
7.48%10.51%Selling, General & Administrative (-)$3150.00
3466.00
4066.00
3575.00
3610.00
4137.00
4552.00
5099.00
5356.00
5361.00
6427.00
6455.00
7129.00
1781.00
1840.00
7.04%3.31%Research & Development (-)$462.00
471.00
536.00
614.00
625.00
715.00
787.00
862.00
971.00
984.00
1235.00
1454.00
1388.00
339.00
368.00
9.60%8.55%Depreciation & Amortization (-)$122.00
123.00
138.00
188.00
210.00
319.00
371.00
417.00
464.00
472.00
619.00
627.00
635.00
161.00
153.00
14.74%-4.97%Non-recurring Operating Expenses (-)$76.00
75.00
216.00
Operating Expenses (-)
$3810.00
4135.00
4788.00
5138.00
4741.00
5329.00
5883.00
6401.00
6983.00
6834.00
8384.00
8737.00
9170.00
2281.00
2361.00
7.59%3.51%Costs & Expenses (Total) (-)$6621.00
6916.00
7765.00
8429.00
8085.00
9159.00
10154.00
11064.00
12171.00
12128.00
14524.00
15608.00
16610.00
4043.00
4271.00
7.97%5.64%Operating Income/Loss (+)$1686.00
1741.00
1256.00
1246.00
1861.00
2166.00
2290.00
2537.00
2713.00
2223.00
2584.00
2841.00
3888.00
735.00
972.00
7.21%32.24%Non-operating Income/Expense (+)$
-36.00
-44.00
-86.00
-126.00
-245.00
-227.00
-181.00
-151.00
-269.00
-303.00
-158.00
-215.00
-56.00
-49.00
12.50%Earnings before Tax (+)$1686.00
1705.00
1212.00
1160.00
1735.00
1921.00
2063.00
2356.00
2562.00
1954.00
2281.00
2683.00
3673.00
679.00
923.00
6.70%35.94%Tax Expense (-)$341.00
407.00
206.00
645.00
296.00
274.00
1043.00
-1197.00
479.00
355.00
287.00
325.00
508.00
87.00
135.00
3.38%55.17%Income/Loss (Continuing Operations) (+)$1345.00
1298.00
1006.00
515.00
1439.00
1647.00
1020.00
3553.00
2083.00
1599.00
1994.00
2358.00
3165.00
592.00
788.00
7.39%33.11%Net Income/Loss (+)$1345.00
1298.00
1006.00
515.00
1439.00
1647.00
1020.00
3553.00
2083.00
1599.00
1994.00
2358.00
3165.00
592.00
788.00
7.39%33.11%Net Income/Loss (Common) (+)$1345.00
1298.00
1006.00
515.00
1439.00
1647.00
1020.00
3553.00
2083.00
1599.00
1994.00
2358.00
3165.00
592.00
788.00
7.39%33.11%EPS (Basic)$3.48
3.41
2.66
1.36
3.82
4.40
2.73
9.50
5.57
4.26
5.29
6.23
8.34
1.56
2.07
7.56%32.69%EPS (Diluted)$3.45
3.39
2.63
1.34
3.78
4.35
2.68
9.34
5.48
4.20
5.21
6.17
8.25
1.54
2.05
7.54%33.12%Weighted Avg Shares (Basic)386.50
380.60
378.60
378.50
376.60
374.10
374.00
374.10
374.00
375.50
377.00
378.20
379.60
379.00
380.40
-0.15%0.37%Weighted Avg Shares (Diluted)3.00
383.00
382.10
382.80
380.90
378.50
380.10
380.30
379.90
380.30
382.30
382.20
383.70
383.20
385.10
49.82%0.50%Cash$905.00
1395.00
1339.00
1795.00
3379.00
3316.00
2542.00
3616.00
4337.00
2943.00
2944.00
1844.00
2971.00
1671.00
2330.00
10.41%39.44%Short-term Investments$2513.00
2890.00
2641.00
3205.00
700.00
68.00
251.00
83.00
88.00
81.00
75.00
84.00
82.00
86.00
77.00
-24.81%-10.47%Receivables$1417.00
1430.00
1518.00
1572.00
1662.00
1967.00
2198.00
2332.00
2893.00
2701.00
3022.00
3565.00
3765.00
3215.00
3473.00
8.48%8.02%Inventory$1283.00
1265.00
1422.00
1588.00
1639.00
2030.00
2465.00
2955.00
3282.00
3494.00
3314.00
3995.00
4843.00
4333.00
5026.00
11.71%15.99%Prepaid Expenses (Current)$273.00
357.00
535.00
524.00
564.00
480.00
537.00
747.00
760.00
488.00
662.00
787.00
857.00
850.00
986.00
10.00%16.00%Other Assets (Current)$820.00
811.00
880.00
989.00
Assets (Current)
$7211.00
8148.00
8335.00
9673.00
7944.00
7861.00
7993.00
9733.00
11360.00
9707.00
10017.00
10275.00
12518.00
10155.00
11892.00
4.70%17.10%Property, Plant & Equipment (Net)$888.00
3180.00
3578.00
3695.00
3929.00
4730.00
5775.00
6568.00
7281.00
7934.00
8331.00
8775.00
9559.00
9007.00
9718.00
21.90%7.89%Accumulated Depreciation$1167.00
1284.00
1416.00
1499.00
1531.00
1592.00
1825.00
1986.00
2147.00
2430.00
2665.00
2835.00
3129.00
2933.00
3198.00
8.57%9.04%Goodwill & Intangibles$3514.00
3566.00
5833.00
6204.00
5930.00
9864.00
10645.00
12726.00
13296.00
18332.00
17758.00
19765.00
19836.00
19628.00
19860.00
15.51%1.18%Other Assets$792.00
1169.00
1180.00
1416.00
1861.00
1961.00
2520.00
3520.00
4207.00
5085.00
5679.00
5613.00
6035.00
5780.00
6076.00
18.44%5.12%Assets (Non-current)$5194.00
5058.00
7408.00
8040.00
8303.00
12574.00
14204.00
17496.00
18807.00
24623.00
24614.00
26609.00
27394.00
26675.00
27510.00
14.86%3.13%Assets (Total)$12405.00
13206.00
15743.00
17713.00
16247.00
20435.00
22197.00
27229.00
30167.00
34330.00
34631.00
36884.00
39912.00
36830.00
39402.00
10.23%6.98%Accounts Payable$986.00
926.00
1095.00
1390.00
1330.00
1403.00
1646.00
1913.00
2014.00
2179.00
2676.00
3138.00
3690.00
1366.00
2773.00
11.63%103.00%Debt (Current)$17.00
16.00
25.00
727.00
769.00
228.00
632.00
1373.00
859.00
761.00
7.00
1191.00
2094.00
1204.00
2058.00
49.35%70.93%Other Liabilities (Current)$825.00
934.00
1537.00
2347.00
1404.00
1517.00
1207.00
1521.00
1527.00
2101.00
1866.00
1974.00
2137.00
3296.00
2124.00
8.25%-35.56%Liabilities (Current)$1828.00
1876.00
2657.00
4464.00
3503.00
3148.00
3485.00
4807.00
4400.00
5041.00
4549.00
6303.00
7921.00
5866.00
6955.00
13.00%18.56%Debt (Non-current)$1751.00
1746.00
2739.00
3246.00
3253.00
6686.00
6590.00
8486.00
10231.00
13230.00
12472.00
11857.00
10901.00
11857.00
10807.00
16.46%-8.86%Other Liabilities$1143.00
987.00
1300.00
1408.00
980.00
1051.00
2142.00
2206.00
2729.00
2975.00
2733.00
2108.00
2497.00
2212.00
2468.00
6.73%11.57%Liabilities (Non-current)$2894.00
2733.00
4039.00
4654.00
4233.00
7737.00
8732.00
10692.00
12960.00
16205.00
15205.00
13965.00
13398.00
14069.00
13275.00
13.62%-5.64%Liabilities (Total)$4722.00
4609.00
6696.00
9118.00
7736.00
10885.00
12217.00
15499.00
17360.00
21246.00
19754.00
20268.00
21319.00
19935.00
20230.00
13.38%1.48%Retained Earnings$6479.00
7332.00
7617.00
7559.00
7792.00
8842.00
8986.00
10765.00
11748.00
12462.00
13480.00
14765.00
16771.00
15072.00
17254.00
8.25%14.48%AOCI$144.00
129.00
232.00
-254.00
-639.00
-761.00
-553.00
-631.00
-606.00
-1157.00
-531.00
-221.00
-416.00
-305.00
-377.00
-23.61%Shareholder's Equity$7683.00
8597.00
9047.00
8595.00
8511.00
9550.00
9980.00
11730.00
12807.00
13084.00
14877.00
16616.00
18593.00
16895.00
19172.00
7.64%13.48%Liabilities & Equity$12405.00
13206.00
15743.00
17713.00
16247.00
20435.00
22197.00
27229.00
30167.00
34330.00
34631.00
36884.00
39912.00
36830.00
39402.00
10.23%6.98%Net Income/Loss$1345.00
1298.00
1006.00
515.00
1439.00
1647.00
1020.00
3553.00
2083.00
1599.00
1994.00
2358.00
3165.00
592.00
788.00
7.39%33.11%Depreciation & Amortization$481.00
277.00
307.00
378.00
397.00
546.00
642.00
723.00
778.00
812.00
990.00
998.00
1028.00
257.00
260.00
6.53%1.17%Increase/Decrease in Working Capital$493.00
47.00
-396.00
215.00
1466.00
590.00
447.00
242.00
1182.00
-396.00
288.00
1225.00
535.00
480.00
895.00
0.68%86.46%Share-based Compensation$75.00
75.00
76.00
77.00
86.00
97.00
113.00
119.00
127.00
142.00
171.00
168.00
205.00
74.00
87.00
8.74%17.57%Adjustments to Reconcile Net Income$89.00
359.00
880.00
1267.00
-540.00
165.00
539.00
-943.00
108.00
1678.00
1269.00
266.00
546.00
-147.00
-584.00
16.32%-297.28%Net Cash (Operating)$1434.00
1657.00
1886.00
1782.00
899.00
1812.00
1559.00
2610.00
2191.00
3277.00
3263.00
2624.00
3711.00
445.00
204.00
8.25%-54.16%Capital Expenditure$2225.00
364.00
2515.00
1149.00
423.00
4822.00
1429.00
3023.00
1451.00
4709.00
864.00
3151.00
965.00
130.00
413.00
-6.72%217.69%Net Cash (Investing)$-2135.00
-736.00
-2217.00
-1878.00
1956.00
-4191.00
-1613.00
-2857.00
-1455.00
-4701.00
-859.00
-2924.00
-962.00
-132.00
-408.00
-209.09%Increase/Decrease in Debt$737.00
-4.00
1005.00
1159.00
48.00
2912.00
299.00
2456.00
1293.00
989.00
-1153.00
472.00
-277.00
-102.00
-1.00
99.02%Increase/Decrease in Equity$-622.00
-108.00
-317.00
-100.00
-700.00
-13.00
-230.00
-300.00
-307.00
Interest Expenses
$
101.00
180.00
264.00
248.00
286.00
304.00
325.00
324.00
356.00
Dividends Paid
$279.00
324.00
401.00
462.00
521.00
568.00
636.00
703.00
778.00
863.00
950.00
1051.00
1139.00
284.00
304.00
12.44%7.04%Net Cash (Financing)$-161.00
-449.00
300.00
629.00
-1141.00
2361.00
-794.00
1329.00
3.00
-11.00
-2365.00
-749.00
-1594.00
-481.00
-418.00
13.10%Cash Taxes Paid$574.00
599.00
321.00
437.00
497.00
510.00
312.00
539.00
457.00
323.00
622.00
505.00
693.00
1.58%Effect of Exchange Rate
$9.00
18.00
-25.00
-77.00
-130.00
-45.00
74.00
-8.00
-18.00
41.00
-38.00
-51.00
-28.00
-5.00
-19.00
-280.00%Increase/Decrease in Cash$-853.00
490.00
-56.00
456.00
1584.00
-63.00
-774.00
1074.00
721.00
-1394.00
1.00
-1100.00
1127.00
-173.00
-641.00
-270.52%Cash (Beginning)$1758.00
905.00
1395.00
1339.00
1795.00
3379.00
3316.00
2542.00
3616.00
4337.00
2943.00
2944.00
1844.00
1844.00
2971.00
0.40%61.12%Cash (Ending)$905.00
1395.00
1339.00
1795.00
3379.00
3316.00
2542.00
3616.00
4337.00
2943.00
2944.00
1844.00
2971.00
1671.00
2330.00
10.41%39.44%NOPAT$1112.00
1129.35
923.35
776.60
1327.91
1590.96
1943.67
3825.96
2229.07
1855.53
1879.38
2306.26
3154.44
640.82
829.83
9.08%29.49%Gross Margin %66.16%
67.88%
67.00%
65.98%
66.38%
66.18%
65.68%
65.72%
65.14%
63.11%
64.11%
62.76%
63.70%
63.12%
63.57%
Operating Margin %20.30%
20.11%
13.92%
12.88%
18.71%
19.13%
18.40%
18.65%
18.23%
15.49%
15.10%
15.40%
18.97%
15.38%
18.54%
NOPAT Margin %13.39%
13.05%
10.24%
8.03%
13.35%
14.05%
15.62%
28.13%
14.98%
12.93%
10.99%
12.50%
15.39%
13.41%
15.83%
Net Margin %16.19%
14.99%
11.15%
5.32%
14.47%
14.54%
8.20%
26.12%
13.99%
11.14%
11.66%
12.78%
15.44%
12.39%
15.03%
Tax Rate %34.05%
35.13%
26.49%
37.67%
28.65%
26.55%
15.12%
-50.81%
17.84%
16.53%
27.27%
18.82%
18.87%
12.81%
14.63%
ROA8.96%
8.55%
5.87%
4.38%
8.17%
7.79%
8.76%
14.05%
7.39%
5.40%
5.43%
6.25%
7.90%
1.74%
2.11%
ROE14.47%
13.14%
10.21%
9.04%
15.60%
16.66%
19.48%
32.62%
17.41%
14.18%
12.63%
13.88%
16.97%
3.79%
4.33%
ROIC16.34%
12.18%
7.74%
6.48%
10.47%
8.82%
9.43%
15.93%
8.50%
5.96%
6.03%
6.66%
8.73%
1.86%
2.32%
Asset Turnover0.67
0.66
0.57
0.55
0.61
0.55
0.56
0.50
0.49
0.42
0.49
0.50
0.51
0.13
0.13
Inventory Turnover2.19
2.20
2.09
2.07
2.04
1.89
1.73
1.58
1.58
1.52
1.85
1.72
1.54
0.41
0.38
Equity Multiplier1.61
1.54
1.74
2.06
1.91
2.14
2.22
2.32
2.36
2.62
2.33
2.22
2.15
2.18
2.06
Current Ratio3.94
4.34
3.14
2.17
2.27
2.50
2.29
2.02
2.58
1.93
2.20
1.63
1.58
1.73
1.71
Quick Ratio2.64
3.05
2.07
1.47
1.64
1.70
1.43
1.25
1.66
1.14
1.33
0.87
0.86
0.85
0.85
Debt/Equity Ratio0.23
0.20
0.31
0.46
0.47
0.72
0.72
0.84
0.87
1.07
0.84
0.79
0.70
0.77
0.67
Interest Coverage Ratio18.43
12.03
8.67
10.23
9.49
7.31
7.95
8.77
10.92
Working Capital/Sales
0.29
0.29
0.28
0.22
0.28
0.30
0.34
0.35
0.38
0.34
0.30
0.33
0.33
1.23
1.18
R&D/Sales0.06
0.05
0.06
0.06
0.06
0.06
0.06
0.06
0.07
0.07
0.07
0.08
0.07
0.07
0.07
Dividend Payout Ratio %25.09%
28.69%
43.43%
59.49%
39.23%
35.70%
32.72%
18.37%
34.90%
46.51%
50.55%
45.57%
36.11%
44.32%
36.63%
Total Payout$164.00
436.00
-287.00
-597.00
1274.00
-2151.00
831.00
-1205.00
78.00
178.00
2428.00
903.00
1772.00
386.00
305.00
21.94%-20.98%Payout Ratio %14.75%
38.61%
-31.08%
-76.87%
95.94%
-135.20%
42.75%
-31.50%
3.50%
9.59%
129.19%
39.15%
56.17%
60.23%
36.75%