Item 6. SELECTED FINANCIAL DATA.

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Item 6. SELECTED FINANCIAL DATA.


Statement of Earnings Data	2024		2023		2022		2021		2020
Net sales	$	22,595	$	20,498	$	18,449	$	17,108	$	14,351
Cost of sales	8,155		7,440		6,871		6,140		5,294
Gross profit	$	14,440	$	13,058	$	11,578	$	10,968	$	9,057
Research, development and engineering expenses	1,466		1,388		1,454		1,235		984
Selling, general and administrative expenses	7,685		7,111		6,386		6,266		5,163
Amortization of intangible assets	623		635		627		619		472
Goodwill and other impairments	977		36		270		264		215
Total operating expenses	$	10,751	$	9,170	$	8,737	$	8,384	$	6,834
Operating income	$	3,689	$	3,888	$	2,841	$	2,584	$	2,223
Other income (expense), net	(197)		(215)		(158)		(303)		(269)
Earnings before income taxes	$	3,492	$	3,673	$	2,683	$	2,281	$	1,954
Income taxes	499		508		325		287		355
Net earnings	$	2,993	$	3,165	$	2,358	$	1,994	$	1,599

Net earnings per share of common stock:
Basic	$	7.86	$	8.34	$	6.23	$	5.29	$	4.26
Diluted	$	7.76	$	8.25	$	6.17	$	5.21	$	4.20

Dividends declared per share of common stock	$	3.240	$	3.050	$	2.835	$	2.585	$	2.355

Balance Sheet Data
Cash, cash equivalents and current marketable securities	$	3,743	$	3,053	$	1,928	$	3,019	$	3,024
Accounts receivable, net	3,987		3,765		3,565		3,022		2,701
Inventories	4,774		4,843		3,995		3,314		3,494
Property, plant and equipment, net	3,448		3,215		2,970		2,833		2,752
Total assets	$	42,971	$	39,912	$	36,884	$	34,631	$	34,330
Accounts payable	1,679		1,517		1,413		1,129		810
Total debt	13,597		12,995		13,048		12,479		13,991
Shareholders’ equity	$	20,634	$	18,593	$	16,616	$	14,877	$	13,084

Cash Flow Data
Net cash provided by operating activities	$	4,242	$	3,711	$	2,624	$	3,263	$	3,277
Purchases of property, plant and equipment	755		575		588		525		487
Depreciation	427		393		371		371		340
Acquisitions, net of cash acquired	1,628		390		2,563		339		4,222
Amortization of intangible assets	623		635		627		619		472
Payments of dividends	1,219		1,139		1,051		950		863
Repurchase of common stock	—		—		—		—		—

Other Data
Number of shareholders of record	2,520		2,518		2,533		2,551		2,597
Approximate number of employees	53,000		52,000		51,000		46,000		43,000


Dollar amounts in millions except per share amounts or as otherwise specified.			14


STRYKER CORPORATION						2024 FORM 10-K

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