STRYKER CORP (SYK) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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STRYKER CORP cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $2,993,000,000.00Goodwill and other impairments → Operating adjustments reconciliation: $977,000,000.00Amortization of intangible assets → Operating adjustments reconciliation: $623,000,000.00Depreciation → Operating adjustments reconciliation: $427,000,000.00Share-based compensation → Operating adjustments reconciliation: $229,000,000.00Accounts payable → Operating adjustments reconciliation: $192,000,000.00Accrued expenses and other liabilities → Operating adjustments reconciliation: $74,000,000.00Sale of inventory stepped up to fair value at acquisition → Operating adjustments reconciliation: $46,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,249,000,000.00Operating adjustments reconciliation → Deferred income tax (benefit) expense: $370,000,000.00Operating adjustments reconciliation → Accounts receivable: $321,000,000.00Operating adjustments reconciliation → Other, net: $306,000,000.00Operating adjustments reconciliation → Inventories: $206,000,000.00Operating adjustments reconciliation → Income taxes: $116,000,000.00Proceeds from settlement of net investment hedges → investing reconciliation: $99,000,000.00Proceeds from sales of marketable securities → investing reconciliation: $49,000,000.00Other investing, net → investing reconciliation: $43,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $1,628,000,000.00investing reconciliation → Purchases of property, plant and equipment: $755,000,000.00investing reconciliation → Purchase of short-term investments: $750,000,000.00investing reconciliation → Purchases of marketable securities: $58,000,000.00Net cash used in financing activities → financing reconciliation: $525,000,000.00Proceeds from issuance of long-term debt → financing reconciliation: $3,011,000,000.00financing reconciliation → Payments on long-term debt: $2,039,000,000.00financing reconciliation → Payments of dividends: $1,219,000,000.00financing reconciliation → Cash paid for taxes from withheld shares: $195,000,000.00financing reconciliation → Other financing, net: $51,000,000.00financing reconciliation → Proceeds (payments) on short-term borrowings, net: $32,000,000.00Net cash used in investing activities → investing reconciliation: $3,000,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,971,000,000.00Net cash from operating activities → Cash sources and uses: $4,242,000,000.00Cash sources and uses → Exchange-rate effect: $36,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,652,000,000.00Cash sources and uses → Net cash used in investing activities: $3,000,000,000.00Cash sources and uses → Net cash used in financing activities: $525,000,000.00Accounts receivable: -$321,000,000.00Accounts receivable−$321.00 MAmortization of intangible assets: $623,000,000.00Amortization expense+$623.00 MShare-based compensation: $229,000,000.00Stock-based compensation+$229.00 MAccrued expenses and other liabilities: $74,000,000.00Accrued liabilities+$74.00 MInventories: -$206,000,000.00Inventories−$206.00 MOther, net: -$306,000,000.00Other working capital, net−$306.00 MDepreciation: $427,000,000.00Depreciation expense+$427.00 MAccounts payable: $192,000,000.00Trade payables+$192.00 MNet earnings: $2,993,000,000.00Net earnings+$2.99 BIncome taxes: -$116,000,000.00Income taxes payable−$116.00 MGoodwill and other impairments: $977,000,000.00Asset impairments+$977.00 MDeferred income tax (benefit) expense: -$370,000,000.00Deferred income taxes−$370.00 MSale of inventory stepped up to fair value at acquisition: $46,000,000.00Sale of inventory stepped up to fair value atacquisition+$46.00 MNet cash from operating activities: $4,242,000,000.00Operating cash+$4.24 BOperating adjustments reconciliation: $2,568,000,000.00Proceeds (payments) on short-term borrowings, net: -$32,000,000.00Short-term debt, net−$32.00 MOther financing, net: -$51,000,000.00Other financing, net−$51.00 MPayments of dividends: -$1,219,000,000.00Dividends paid−$1.22 BCash paid for taxes from withheld shares: -$195,000,000.00Stock-award tax withholding−$195.00 MPayments on long-term debt: -$2,039,000,000.00Long-term debt repaid−$2.04 BProceeds from issuance of long-term debt: $3,011,000,000.00Long-term debt issued+$3.01 BNet cash used in financing activities: -$525,000,000.00. Cash required to fund net payments.Financing cash−$525.00 Mfinancing reconciliation: $3,536,000,000.00Acquisitions, net of cash acquired: -$1,628,000,000.00Acquisitions, net of cash−$1.63 BPurchases of marketable securities: -$58,000,000.00Marketable securities purchases−$58.00 MProceeds from sales of marketable securities: $49,000,000.00Marketable securities proceeds+$49.00 MPurchases of property, plant and equipment: -$755,000,000.00PP&E purchases−$755.00 MOther investing, net: $43,000,000.00Other investing, net+$43.00 MProceeds from settlement of net investment hedges: $99,000,000.00Investing hedge proceeds+$99.00 MPurchase of short-term investments: -$750,000,000.00Short-term investment purchases−$750.00 MNet cash used in investing activities: -$3,000,000,000.00. Cash required to fund net payments.Investing cash−$3.00 Binvesting reconciliation: $3,191,000,000.00Cash sources and uses: $7,213,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,971,000,000.00Beginning cash$2.97 BEnding cash: Cash, cash equivalents, and restricted cash: $3,652,000,000.00Ending cash$3.65 BExchange-rate effect: -$36,000,000.00FX effect−$36.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$3.49 BOperating cash − cash spent on PP&ECash flow / Net income1.42×Operating cash flow ÷ net incomeNet cash change+$681.00 MEnding cash − beginning cash
Chart details

STRYKER CORP cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
2,971,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
4,242,000,000 US dollars. Net cash provided.
Net earnings
2,993,000,000 US dollars
Accounts receivable
negative 321,000,000 US dollars
Amortization of intangible assets
623,000,000 US dollars
Share-based compensation
229,000,000 US dollars
Accrued expenses and other liabilities
74,000,000 US dollars
Inventories
negative 206,000,000 US dollars
Other, net
negative 306,000,000 US dollars
Depreciation
427,000,000 US dollars
Accounts payable
192,000,000 US dollars
Income taxes
negative 116,000,000 US dollars
Goodwill and other impairments
977,000,000 US dollars
Deferred income tax (benefit) expense
negative 370,000,000 US dollars
Sale of inventory stepped up to fair value at acquisition
46,000,000 US dollars
Investing activities
negative 3,000,000,000 US dollars. Net cash used.
Acquisitions, net of cash acquired
negative 1,628,000,000 US dollars
Purchases of marketable securities
negative 58,000,000 US dollars
Proceeds from sales of marketable securities
49,000,000 US dollars
Purchases of property, plant and equipment
negative 755,000,000 US dollars
Other investing, net
43,000,000 US dollars
Proceeds from settlement of net investment hedges
99,000,000 US dollars
Purchase of short-term investments
negative 750,000,000 US dollars
Financing activities
negative 525,000,000 US dollars. Net cash used.
Proceeds (payments) on short-term borrowings, net
negative 32,000,000 US dollars
Other financing, net
negative 51,000,000 US dollars
Payments of dividends
negative 1,219,000,000 US dollars
Cash paid for taxes from withheld shares
negative 195,000,000 US dollars
Payments on long-term debt
negative 2,039,000,000 US dollars
Proceeds from issuance of long-term debt
3,011,000,000 US dollars
Operating adjustment reconciliation
2,568,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,536,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
3,191,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 36,000,000 US dollars
Ending cash on Dec 31, 2024
3,652,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
7,213,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
681,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.42×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
4,242,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
755,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
3,487,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.25B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 4,242,000,000 US dollars minus 755,000,000 US dollars equals 3,487,000,000 US dollars.
STRYKER CORP (SYK) FY2024 Annual Statement of Cash Flows Sankey chart
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