Item 6. SELECTED FINANCIAL DATA.



Statement of Earnings Data	2019			2018			2017			2016			2015
Net sales	$	14,884		$	13,601		$	12,444		$	11,325		$	9,946
Cost of sales	5,188			4,663			4,264			3,821			3,333
Gross profit	$	9,696		$	8,938		$	8,180		$	7,504		$	6,613
Research, development and engineering expenses	971			862			787			715			625
Selling, general and administrative expenses	5,356			5,099			4,552			4,137			3,610
Recall charges	192			23			173			158			296
Amortization of intangible assets	464			417			371			319			210
Total operating expenses	$	6,983		$	6,401		$	5,883		$	5,329		$	4,741
Operating income	$	2,713		$	2,537		$	2,297		$	2,175		$	1,872
Other income (expense), net	(151		)	(181		)	(234		)	(254		)	(137		)
Earnings before income taxes	$	2,562		$	2,356		$	2,063		$	1,921		$	1,735
Income taxes	479			(1,197		)	1,043			274			296
Net earnings	$	2,083		$	3,553		$	1,020		$	1,647		$	1,439

Net earnings per share of common stock:
Basic net earnings per share of common stock	$	5.57		$	9.50		$	2.73		$	4.40		$	3.82
Diluted net earnings per share of common stock	$	5.48		$	9.34		$	2.68		$	4.35		$	3.78

Dividends declared per share of common stock	$	2.135		$	1.93		$	1.745		$	1.565		$	1.415

Balance Sheet Data
Cash, cash equivalents and current marketable securities	$	4,425		$	3,699		$	2,793		$	3,384		$	4,079
Accounts receivable, net	2,893			2,332			2,198			1,967			1,662
Inventories	3,282			2,955			2,465			2,030			1,639
Property, plant and equipment, net	2,567			2,291			1,975			1,569			1,199
Total assets	$	30,167		$	27,229		$	22,197		$	20,435		$	16,223
Accounts payable	675			646			487			437			410
Total debt	11,090			9,859			7,222			6,914			3,998
Shareholders’ equity	$	12,807		$	11,730		$	9,980		$	9,550		$	8,511

Cash Flow Data
Net cash provided by operating activities	$	2,191		$	2,610		$	1,559		$	1,915		$	981
Purchases of property, plant and equipment	649			572			598			490			270
Depreciation	314			306			271			227			187
Acquisitions, net of cash acquired	802			2,451			831			4,332			153
Amortization of intangible assets	464			417			371			319			210
Dividends paid	778			703			636			568			521
Repurchase of common stock	307			300			230			13			700

Other Data
Number of shareholders of record	2,636			2,732			2,850			3,010			3,118
Approximate number of employees	40,000			36,000			33,000			33,000			27,000



Dollar amounts in millions except per share amounts or as otherwise specified.	8

STRYKER CORPORATION 2019 FORM 10-K

Previous: Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. · Next: Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.