STRYKER CORP (SYK) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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STRYKER CORP cash flow reconciliation, Jul 1, 2024 through Sep 30, 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: $834,000,000.00Accrued expenses and other liabilities → Operating adjustments reconciliation: $429,000,000.00Amortization of intangible assets → Operating adjustments reconciliation: $159,000,000.00Depreciation → Operating adjustments reconciliation: $109,000,000.00Share-based compensation → Operating adjustments reconciliation: $51,000,000.00Income taxes → Operating adjustments reconciliation: $48,000,000.00Sale of inventory stepped-up to fair value at acquisition → Operating adjustments reconciliation: $29,000,000.00Deferred income tax (benefit) expense → Operating adjustments reconciliation: $10,000,000.00Accounts payable → Operating adjustments reconciliation: $2,000,000.00Asset impairments → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $640,000,000.00Operating adjustments reconciliation → Inventories: $132,000,000.00Operating adjustments reconciliation → Accounts receivable: $36,000,000.00Operating adjustments reconciliation → Other, net: $31,000,000.00Proceeds from issuance of long-term debt → financing reconciliation: $3,011,000,000.00financing reconciliation → Net cash from financing activities: $2,653,000,000.00financing reconciliation → Payments of dividends: $305,000,000.00financing reconciliation → Proceeds (payments) on short-term borrowings, net: $32,000,000.00financing reconciliation → Cash paid for taxes from withheld shares: $19,000,000.00financing reconciliation → Other financing, net: $1,000,000.00financing reconciliation → Payments on long-term debt: $1,000,000.00Net cash used in investing activities → investing reconciliation: $2,172,000,000.00Other investing, net → investing reconciliation: $12,000,000.00Proceeds from sales of marketable securities → investing reconciliation: $9,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $1,264,000,000.00investing reconciliation → Payments to Acquire Short-Term Investments: $750,000,000.00investing reconciliation → Purchases of property, plant and equipment: $170,000,000.00investing reconciliation → Purchases of marketable securities: $9,000,000.00Exchange-rate effect → Cash sources and uses: $21,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,874,000,000.00Net cash from operating activities → Cash sources and uses: $1,474,000,000.00Net cash from financing activities → Cash sources and uses: $2,653,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,850,000,000.00Cash sources and uses → Net cash used in investing activities: $2,172,000,000.00Accrued expenses and other liabilities: $429,000,000.00Accrued liabilities+$429.00 MOther, net: -$31,000,000.00Other working capital, net−$31.00 MAccounts payable: $2,000,000.00Trade payables+$2.00 MAmortization of intangible assets: $159,000,000.00Intangible amortization+$159.00 MIncome taxes: $48,000,000.00Income taxes payable+$48.00 MDeferred income tax (benefit) expense: $10,000,000.00Deferred income taxes+$10.00 MSale of inventory stepped-up to fair value at acquisition: $29,000,000.00Acquired inventory step-up sold+$29.00 MShare-based compensation: $51,000,000.00Stock-based compensation+$51.00 MAsset impairments: $2,000,000.00Asset impairments+$2.00 MInventories: -$132,000,000.00Inventories−$132.00 MDepreciation: $109,000,000.00Depreciation expense+$109.00 MNet earnings: $834,000,000.00Net earnings+$834.00 MAccounts receivable: -$36,000,000.00Accounts receivable−$36.00 MNet cash from operating activities: $1,474,000,000.00Operating cash+$1.47 BOperating adjustments reconciliation: $839,000,000.00Other financing, net: -$1,000,000.00Other financing, net−$1.00 MPayments of dividends: -$305,000,000.00Dividends paid−$305.00 MPayments on long-term debt: -$1,000,000.00Long-term debt repaid−$1.00 MProceeds (payments) on short-term borrowings, net: -$32,000,000.00Short-term debt ≤3 months, net−$32.00 MCash paid for taxes from withheld shares: -$19,000,000.00Stock-award tax withholding−$19.00 MProceeds from issuance of long-term debt: $3,011,000,000.00Long-term debt issued+$3.01 BNet cash from financing activities: $2,653,000,000.00Financing cash+$2.65 Bfinancing reconciliation: $3,011,000,000.00Acquisitions, net of cash acquired: -$1,264,000,000.00Acquisitions, net of cash−$1.26 BPayments to Acquire Short-Term Investments: -$750,000,000.00Short-term investment purchases−$750.00 MPurchases of property, plant and equipment: -$170,000,000.00PP&E purchases−$170.00 MProceeds from sales of marketable securities: $9,000,000.00Marketable securities proceeds+$9.00 MProceeds from settlement of net investment hedges: $0.00Other investing, net: $12,000,000.00Other investing, net+$12.00 MPurchases of marketable securities: -$9,000,000.00Marketable securities purchases−$9.00 MNet cash used in investing activities: -$2,172,000,000.00. Cash required to fund net payments.Investing cash−$2.17 Binvesting reconciliation: $2,193,000,000.00Cash sources and uses: $6,022,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,874,000,000.00Beginning cash$1.87 BEnding cash: Cash, cash equivalents, and restricted cash: $3,850,000,000.00Ending cash$3.85 BExchange-rate effect: $21,000,000.00FX effect+$21.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$1.30 BOperating cash − cash spent on PP&ECash flow / Net income1.77×Operating cash flow ÷ net incomeNet cash change+$1.98 BEnding cash − beginning cash
Chart details

STRYKER CORP cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
1,874,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,474,000,000 US dollars. Net cash provided.
Net earnings
834,000,000 US dollars
Accrued expenses and other liabilities
429,000,000 US dollars
Other, net
negative 31,000,000 US dollars
Accounts payable
2,000,000 US dollars
Amortization of intangible assets
159,000,000 US dollars
Income taxes
48,000,000 US dollars
Deferred income tax (benefit) expense
10,000,000 US dollars
Sale of inventory stepped-up to fair value at acquisition
29,000,000 US dollars
Share-based compensation
51,000,000 US dollars
Asset impairments
2,000,000 US dollars
Inventories
negative 132,000,000 US dollars
Depreciation
109,000,000 US dollars
Accounts receivable
negative 36,000,000 US dollars
Investing activities
negative 2,172,000,000 US dollars. Net cash used.
Acquisitions, net of cash acquired
negative 1,264,000,000 US dollars
Payments to Acquire Short-Term Investments
negative 750,000,000 US dollars
Purchases of property, plant and equipment
negative 170,000,000 US dollars
Proceeds from sales of marketable securities
9,000,000 US dollars
Proceeds from settlement of net investment hedges
0 US dollars
Other investing, net
12,000,000 US dollars
Purchases of marketable securities
negative 9,000,000 US dollars
Financing activities
2,653,000,000 US dollars. Net cash provided.
Other financing, net
negative 1,000,000 US dollars
Payments of dividends
negative 305,000,000 US dollars
Payments on long-term debt
negative 1,000,000 US dollars
Proceeds (payments) on short-term borrowings, net
negative 32,000,000 US dollars
Cash paid for taxes from withheld shares
negative 19,000,000 US dollars
Proceeds from issuance of long-term debt
3,011,000,000 US dollars
Operating adjustment reconciliation
839,000,000 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
3,011,000,000 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
2,193,000,000 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
21,000,000 US dollars
Ending cash on Sep 30, 2024
3,850,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
6,022,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,976,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.77×. 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
1,474,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
170,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,304,000,000 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 $640.00M 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: 1,474,000,000 US dollars minus 170,000,000 US dollars equals 1,304,000,000 US dollars.
STRYKER CORP (SYK) FY2024 Q3 Statement of Cash Flows Sankey chart
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