STRYKER CORP
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 14, 2024
SYK$325.73-0.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 6. SELECTED FINANCIAL DATA
| Statement of Earnings Data | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Net sales | $20,498 | $18,449 | $17,108 | $14,351 | $14,884 |
| Cost of sales | 7,440 | 6,871 | 6,140 | 5,294 | 5,188 |
| Gross profit | $13,058 | $11,578 | $10,968 | $9,057 | $9,696 |
| Research, development and engineering expenses | 1,388 | 1,454 | 1,235 | 984 | 971 |
| Selling, general and administrative expenses | 7,129 | 6,455 | 6,427 | 5,361 | 5,356 |
| Recall charges, net | 18 | (15) | 103 | 17 | 192 |
| Amortization of intangible assets | 635 | 627 | 619 | 472 | 464 |
| Goodwill impairment | — | 216 | — | — | — |
| Total operating expenses | $9,170 | $8,737 | $8,384 | $6,834 | $6,983 |
| Operating income | $3,888 | $2,841 | $2,584 | $2,223 | $2,713 |
| Other income (expense), net | (215) | (158) | (303) | (269) | (151) |
| Earnings before income taxes | $3,673 | $2,683 | $2,281 | $1,954 | $2,562 |
| Income taxes | 508 | 325 | 287 | 355 | 479 |
| Net earnings | $3,165 | $2,358 | $1,994 | $1,599 | $2,083 |
| Net earnings per share of common stock: | |||||
| Basic | $8.34 | $6.23 | $5.29 | $4.26 | $5.57 |
| Diluted | $8.25 | $6.17 | $5.21 | $4.20 | $5.48 |
| Dividends declared per share of common stock | $3.050 | $2.835 | $2.585 | $2.355 | $2.135 |
| Balance Sheet Data | |||||
| Cash, cash equivalents and current marketable securities | $3,053 | $1,928 | $3,019 | $3,024 | $4,425 |
| Accounts receivable, net | 3,765 | 3,565 | 3,022 | 2,701 | 2,893 |
| Inventories | 4,843 | 3,995 | 3,314 | 3,494 | 2,980 |
| Property, plant and equipment, net | 3,215 | 2,970 | 2,833 | 2,752 | 2,567 |
| Total assets | $39,912 | $36,884 | $34,631 | $34,330 | $30,167 |
| Accounts payable | 1,517 | 1,413 | 1,129 | 810 | 675 |
| Total debt | 12,995 | 13,048 | 12,479 | 13,991 | 11,090 |
| Shareholders’ equity | $18,593 | $16,616 | $14,877 | $13,084 | $12,807 |
| Cash Flow Data | |||||
| Net cash provided by operating activities | $3,711 | $2,624 | $3,263 | $3,277 | $2,191 |
| Purchases of property, plant and equipment | 575 | 588 | 525 | 487 | 649 |
| Depreciation | 393 | 371 | 371 | 340 | 314 |
| Acquisitions, net of cash acquired | 390 | 2,563 | 339 | 4,222 | 802 |
| Amortization of intangible assets | 635 | 627 | 619 | 472 | 464 |
| Payments of dividends | 1,139 | 1,051 | 950 | 863 | 778 |
| Repurchase of common stock | — | — | — | — | 307 |
| Other Data | |||||
| Number of shareholders of record | 2,518 | 2,533 | 2,551 | 2,597 | 2,636 |
| Approximate number of employees | 52,000 | 51,000 | 46,000 | 43,000 | 40,000 |
| Dollar amounts in millions except per share amounts or as otherwise specified. | 12 |
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