Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Stryker Corp., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Net sales	4,275)	4,701)	4,160)	4,294)	3,953)	4,262)	3,737)	2,764)	3,588)	4,131)	3,587)	3,650)	3,516)	3,796)	3,242)	3,322)	3,241)	3,471)	3,006)	3,012)	2,955)
Cost of sales	(1,541)	(1,656)	(1,518)	(1,522)	(1,444)	(1,545)	(1,276)	(1,216)	(1,257)	(1,428)	(1,257)	(1,270)	(1,233)	(1,340)	(1,087)	(1,132)	(1,104)	(1,232)	(1,024)	(1,022)	(993)
Gross profit	2,734)	3,045)	2,642)	2,772)	2,509)	2,717)	2,461)	1,548)	2,331)	2,703)	2,330)	2,380)	2,283)	2,456)	2,155)	2,190)	2,137)	2,239)	1,982)	1,990)	1,962)
Research, development and engineering expenses	(413)	(331)	(306)	(310)	(288)	(255)	(242)	(233)	(254)	(254)	(246)	(246)	(225)	(221)	(221)	(216)	(204)	(205)	(198)	(192)	(192)
Selling, general and administrative expenses	(1,710)	(1,745)	(1,602)	(1,505)	(1,575)	(1,562)	(1,244)	(1,225)	(1,330)	(1,380)	(1,291)	(1,282)	(1,403)	(1,431)	(1,242)	(1,190)	(1,236)	(1,217)	(1,103)	(1,130)	(1,102)
Recall charges	(14)	(5)	(16)	(76)	(6)	(21)	(2)	—)	6)	(13)	(49)	(117)	(13)	(13)	(4)	(2)	(4)	(9)	(66)	(72)	(26)
Amortization of intangible assets	(150)	(145)	(144)	(149)	(181)	(130)	(114)	(110)	(118)	(112)	(116)	(122)	(114)	(93)	(112)	(110)	(102)	(96)	(92)	(95)	(88)
Operating expenses	(2,287)	(2,226)	(2,068)	(2,040)	(2,050)	(1,968)	(1,602)	(1,568)	(1,696)	(1,759)	(1,702)	(1,767)	(1,755)	(1,758)	(1,579)	(1,518)	(1,546)	(1,527)	(1,459)	(1,489)	(1,408)
Operating income (loss)	447)	819)	574)	732)	459)	749)	859)	(20)	635)	944)	628)	613)	528)	698)	576)	672)	591)	712)	523)	501)	554)
Other income (expense), net	(61)	(62)	(79)	(70)	(92)	(78)	(79)	(67)	(45)	(8)	(47)	(48)	(48)	(41)	(42)	(49)	(49)	(63)	(52)	(57)	(55)
Earnings (loss) before income taxes	386)	757)	495)	662)	367)	671)	780)	(87)	590)	936)	581)	565)	480)	657)	534)	623)	542)	649)	471)	444)	499)
Income taxes	(63)	(95)	(57)	(70)	(65)	(103)	(159)	4)	(97)	(211)	(115)	(85)	(68)	1,411)	56)	(171)	(99)	(898)	(37)	(53)	(55)
Net earnings (loss)	323)	662)	438)	592)	302)	568)	621)	(83)	493)	725)	466)	480)	412)	2,068)	590)	452)	443)	(249)	434)	391)	444)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Stryker Corp. net sales increased from Q3 2021 to Q4 2021 but then slightly decreased from Q4 2021 to Q1 2022 not reaching Q3 2021 level.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Stryker Corp. operating income (loss) increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.
Earnings (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Stryker Corp. earnings (loss) before income taxes increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.
Net earnings (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Stryker Corp. net earnings (loss) increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Stryker Corp. (NYSE:SYK)

Income Statement Quarterly Data

Income Statement
Quarterly Data