Stryker (SYK) FY2021 results: revenue $17.1 billion, up 19.2% on the year
Stryker Corp. (SYK) reported revenue of $17.1 billion for fiscal 2021, the year ended 31 December 2021, up 19.2% on the year before. Net income was $2.0 billion, up 24.7%, and diluted earnings per share $5.21. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$17.1 billion
+19.2% on the year
FY2014FY2021
Operating margin
15.1%
15.5% a year earlier
FY2014FY2021
Net income
$2.0 billion
+24.7% on the year
FY2014FY2021
Diluted EPS
$5.21
+24.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,263
3,277
2,191
-0.4%
Capital expenditure
525
487
649
+7.8%
Free cash flow
2,738
2,790
1,542
-1.9%
Free cash flow margin
16.0%
19.4%
10.4%
Cash from investing
-859
-4,701
-1,455
Cash from financing
-2,365
-11.0
3.0
Depreciation and amortisation
1,272
1,076
1,044
+18.2%
Share-based compensation
171
142
127
+20.4%
Buybacks
0.0
0.0
307
Dividends paid
950
863
778
+10.1%
Diluted shares, weighted
382m
380m
380m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
14,877
13,084
12,807
+13.7%
Debt
12,479
13,991
11,090
-10.8%
Operating lease liabilities
310
325
301
-4.6%
Other liabilities
6,965
6,930
5,969
+0.5%
Total liabilities and equity
34,631
34,330
30,167
+0.9%
Fixed assets
2,833
2,752
2,567
+2.9%
Goodwill
12,918
12,778
9,069
+1.1%
Intangible assets
4,840
5,554
4,227
-12.9%
Investments
75.0
81.0
88.0
-7.4%
Cash and equivalents
2,944
2,943
4,337
+0.0%
Receivables
3,022
2,701
2,893
+11.9%
Inventory
3,314
3,494
2,980
-5.2%
Other assets
4,685
4,027
4,006
+16.3%
Total assets
34,631
34,330
30,167
+0.9%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.