Stryker Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,246	2,993	3,165	2,358	1,994
Depreciation & Amortization	1,193	1,050	1,028	998	990
Asset Writedown & Restructuring Costs	-	977	36	270	264
Stock-Based Compensation	-	229	205	168	171
Other Operating Activities	-	-324	-206	70	132
Change in Accounts Receivable	-	-321	-175	-579	-377
Change in Inventory	-	-206	-797	-762	-189
Change in Accounts Payable	-	192	77	290	329
Change in Income Taxes	-	-116	-4	-238	-98
Change in Other Net Operating Assets	605	-232	382	49	47
Operating Cash Flow	5,044	4,242	3,711	2,624	3,263
Operating Cash Flow Growth	18.91%	14.31%	41.42%	-19.58%	-0.43%
Capital Expenditures	-761	-755	-575	-588	-525
Cash Acquisitions	-4,960	-1,628	-390	-2,563	-339
Investment in Securities	750	-759	2	-9	6
Other Investing Activities	105	142	1	236	-1
Investing Cash Flow	-4,866	-3,000	-962	-2,924	-859
Short-Term Debt Issued	-	-	540	-	-
Long-Term Debt Issued	1,579	3,011	1,241	1,500	5
Total Debt Issued	1,579	3,011	1,781	1,500	5
Short-Term Debt Repaid	-	-32	-	-375	-7
Long-Term Debt Repaid	-	-2,039	-2,058	-653	-1,151
Total Debt Repaid	-	-2,071	-2,058	-1,028	-1,158
Net Debt Issued (Repaid)	1,579	940	-277	472	-1,153
Repurchase of Common Stock	-	-195	-155	-122	-114
Common Dividends Paid	-1,284	-1,219	-1,139	-1,051	-950
Other Financing Activities	-182	-51	-23	-48	-148
Financing Cash Flow	113	-525	-1,594	-749	-2,365
Foreign Exchange Rate Adjustments	68	-36	-28	-51	-38
Net Cash Flow	359	681	1,127	-1,100	1
Free Cash Flow	4,283	3,487	3,136	2,036	2,738
Free Cash Flow Growth	22.83%	11.19%	54.03%	-25.64%	-1.86%
Free Cash Flow Margin	17.05%	15.43%	15.30%	11.04%	16.00%
Free Cash Flow Per Share	11.08	9.04	8.17	5.33	7.16
Cash Interest Paid	-	396	356	324	325
Cash Income Tax Paid	-	989	693	505	622
Levered Free Cash Flow	5,601	2,864	2,582	1,800	2,654
Unlevered Free Cash Flow	5,601	3,112	2,804	2,011	2,865
Change in Working Capital	605	-683	-517	-1,240	-288

Source: S&P Global Market Intelligence. Standard template. Financial Sources.