Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Stryker Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net earnings	1,994)	1,599)	2,083)	3,553)	1,020)
Depreciation	371)	340)	314)	306)	271)
Amortization of intangible assets	619)	472)	464)	417)	371)
Asset impairments	264)	215)	16)	14)	—)
Share-based compensation	171)	142)	127)	119)	113)
Recall charges	103)	17)	192)	23)	173)
Sale of inventory stepped up to fair value at acquisition	266)	48)	67)	16)	22)
Deferred income tax expense (benefit)	(237)	48)	126)	(1,582)	36)
Accounts receivable	(377)	354)	(563)	(60)	(162)
Inventories	(189)	27)	(400)	(385)	(320)
Accounts payable	329)	100)	63)	116)	21)
Accrued expenses and other liabilities	315)	(54)	113)	289)	90)
Recall-related payments	(221)	(17)	(177)	(90)	(526)
Income taxes	(98)	(16)	(105)	(156)	704)
Other, net	(47)	2)	(129)	30)	(254)
Changes in operating assets and liabilities	(288)	396)	(1,198)	(256)	(447)
Adjustments to reconcile net earnings to net cash provided by operating activities	1,269)	1,678)	108)	(943)	539)
Net cash provided by operating activities	3,263)	3,277)	2,191)	2,610)	1,559)
Acquisitions, net of cash acquired	(339)	(4,222)	(802)	(2,451)	(831)
Purchases of marketable securities	(49)	(54)	(74)	(226)	(270)
Proceeds from sales of marketable securities	55)	61)	69)	394)	87)
Purchases of property, plant and equipment	(525)	(487)	(649)	(572)	(598)
Other investing, net	(1)	1)	1)	(2)	(1)
Net cash used in investing activities	(859)	(4,701)	(1,455)	(2,857)	(1,613)
Proceeds and payments on short-term borrowings, net	(7)	(6)	(7)	(1)	(200)
Proceeds from issuance of long-term debt	5)	3,292)	2,642)	3,126)	499)
Payments on long-term debt	(1,151)	(2,297)	(1,342)	(669)	—)
Payments of dividends	(950)	(863)	(778)	(703)	(636)
Repurchases of common stock	—)	—)	(307)	(300)	(230)
Cash paid for taxes from withheld shares	(114)	(110)	(136)	(120)	(95)
Payments to purchase noncontrolling interest	—)	—)	—)	(14)	(99)
Other financing, net	(148)	(27)	(69)	10)	(33)
Net cash provided by (used in) financing activities	(2,365)	(11)	3)	1,329)	(794)
Effect of exchange rate changes on cash and cash equivalents	(38)	41)	(18)	(8)	74)
Change in cash and cash equivalents	1)	(1,394)	721)	1,074)	(774)
Cash and cash equivalents at beginning of year	2,943)	4,337)	3,616)	2,542)	3,316)
Cash and cash equivalents at end of year	2,944)	2,943)	4,337)	3,616)	2,542)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Stryker Corp. net cash provided by operating activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Stryker Corp. net cash used in investing activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Stryker Corp. net cash provided by (used in) financing activities decreased from 2019 to 2020 and from 2020 to 2021.

Stryker Corp. (NYSE:SYK)

Cash Flow Statement