Stryker Corporation (SYK) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 581M | 2.14B | 1.54B | 1.11B | 250M | 1.93B | 1.47B | 633M | 204M | 1.53B | 1.05B | 688M | 445M | 1B | 889M | 529M | 203M | 1B | 933M | 878M |
| Operating CF Margin % | 9.65% | 29.88% | 25.43% | 18.45% | 4.26% | 30% | 26.83% | 11.67% | 3.89% | 26.28% | 21.39% | 13.77% | 9.31% | 19.28% | 19.85% | 11.77% | 4.75% | 21.27% | 22.43% | 20.45% |
| Operating CF Growth % | 132.4% | 10.98% | 4.48% | 75.51% | 22.55% | 26.37% | 40.38% | -7.99% | -54.16% | 52.34% | 18.11% | 30.06% | 119.21% | 0.3% | -4.72% | -39.75% | -55.09% | -19.16% | 12.55% | 41.61% |
| Net Income | 745M | 849M | 859M | 884M | 654M | 546M | 834M | 825M | 788M | 1.14B | 692M | 738M | 592M | 563M | 816M | 656M | 323M | 662M | 438M | 592M |
| Depreciation & Amortization | 300M | 316M | 334M | 296M | 272M | 264M | 268M | 258M | 260M | 250M | 262M | 259M | 257M | 253M | 250M | 253M | 242M | 238M | 235M | 241M |
| Stock-Based Compensation | 87M | 48M | 62M | 49M | 84M | 45M | 51M | 46M | 87M | 40M | 52M | 39M | 74M | 28M | 33M | 36M | 71M | 30M | 34M | 39M |
| Deferred Taxes | -33M | 201M | 15M | 162M | 14M | -349M | 10M | 8M | -39M | -182M | -6M | 5M | -3M | 58M | 0 | 0 | 0 | -29M | -127M | -18M |
| Other Non-Cash Items | 42M | 20M | -600M | 71M | 118M | 964M | 31M | 25M | 3M | -1M | 9M | -1M | 28M | -86M | -33M | -36M | -71M | -1M | 93M | -21M |
| Working Capital Changes | -560M | 709M | 870M | -351M | -892M | 461M | 280M | -529M | -895M | 278M | 41M | -352M | -503M | 187M | -177M | -380M | -362M | 100M | 260M | 45M |
| Change in Receivables | 444M | -397M | 267M | 113M | 144M | -388M | -36M | -155M | 258M | -441M | -42M | -57M | 365M | -393M | -27M | -212M | 53M | -232M | -121M | -89M |
| Change in Inventory | -127M | 76M | -147M | -133M | -93M | 156M | -132M | -46M | -184M | 125M | -333M | -275M | -314M | -8M | -231M | -294M | -229M | 42M | -103M | -55M |
| Change in Payables | -198M | 299M | 64M | 40M | -309M | 395M | 2M | 52M | -257M | 195M | -21M | -41M | -56M | 179M | 77M | 86M | -52M | 195M | 77M | 94M |
| Cash from Investing | -185M | -305M | -321M | -104M | -4.14B | -303M | -2.17B | -117M | -408M | -152M | -145M | -533M | -132M | -162M | 72M | -152M | -2.68B | -314M | -247M | -202M |
| Capital Expenditures | -166M | -268M | -187M | -183M | -123M | -266M | -170M | -152M | -167M | -145M | -148M | -152M | -130M | -188M | -138M | -143M | -119M | -206M | -130M | -106M |
| CapEx % of Revenue | 2.76% | 3.74% | 3.09% | 3.04% | 2.1% | 4.13% | 3.09% | 2.8% | 3.19% | 2.49% | 3.01% | 3.04% | 2.72% | 3.61% | 3.08% | 3.18% | 2.78% | 4.38% | 3.13% | 2.47% |
| Acquisitions | -22M | -10M | -136M | 100M | -4.75B | -30M | -1.26B | -88M | -246M | -246M | -1M | -390M | 0 | 0 | 0 | 0 | -2.56B | -113M | -122M | -77M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1M | -19M | 39M | -20M | -20M | 1M | 12M | 30M | 0 | 245M | 3M | -1M | 1M | 32M | 7M | 2M | -2M | 4M | -3M | -9M |
| Cash from Financing | -1.51B | -1.09B | -339M | -989M | 2.53B | -1.79B | 2.65B | -966M | -418M | -286M | -422M | -405M | -481M | -446M | -543M | -753M | 993M | -288M | -348M | -676M |
| Debt Issued (Net) | -1B | -751M | -649M | -648M | 2.98B | -1.44B | 2.98B | -599M | -1M | 35M | -107M | -103M | -102M | -150M | -250M | -458M | 1.33B | -14M | 14M | -410M |
| Equity Issued (Net) | 0 | 0 | -17M | -14M | -101M | -49M | -19M | -14M | -113M | -34M | -10M | -17M | -94M | -33M | -5M | -12M | -72M | -26M | -14M | -21M |
| Dividends Paid | -337M | -321M | -322M | -321M | -320M | -305M | -305M | -305M | -304M | -285M | -285M | -285M | -284M | -263M | -263M | -263M | -262M | -237M | -238M | -237M |
| Share Repurchases | 0 | 0 | -17M | -14M | -101M | -49M | -19M | -14M | -113M | -34M | -10M | -17M | -94M | -33M | -5M | -12M | -72M | -26M | -14M | -21M |
| Other Financing | -173M | -21M | 649M | -6M | -24M | -2M | -1M | -48M | 0 | -2M | -20M | 0 | -1M | 0 | -25M | -20M | -3M | -11M | -110M | -8M |
| Net Change in Cash | -1.13B | 755M | 881M | 55M | -1.33B | -198M | 1.98B | -456M | -641M | 1.11B | 459M | -270M | -173M | 424M | 376M | -414M | -1.49B | 381M | 322M | 3M |
| Free Cash Flow | 415M | 1.88B | 1.35B | 928M | 127M | 1.67B | 1.3B | 481M | 37M | 1.38B | 902M | 536M | 315M | 815M | 751M | 386M | 84M | 794M | 803M | 772M |
| FCF Margin % | 6.89% | 26.15% | 22.34% | 15.41% | 2.17% | 25.87% | 23.73% | 8.87% | 0.71% | 23.78% | 18.37% | 10.73% | 6.59% | 15.67% | 16.77% | 8.59% | 1.96% | 16.89% | 19.3% | 17.98% |
| FCF Growth % | 226.77% | 12.61% | 3.76% | 92.93% | 243.24% | 20.39% | 44.57% | -10.26% | -88.25% | 69.69% | 20.11% | 38.86% | 275% | 2.64% | -6.48% | -50% | -77.24% | -25.93% | 5.66% | 51.08% |
| FCF per Share | 1.07 | 4.85 | 3.50 | 2.40 | 0.33 | 4.31 | 3.38 | 1.25 | 0.10 | 3.60 | 2.35 | 1.40 | 0.82 | 2.13 | 1.97 | 1.01 | 0.22 | 2.07 | 2.10 | 2.02 |
| FCF Conversion (FCF/Net Income) | 0.78x | 2.52x | 1.79x | 1.26x | 0.38x | 3.54x | 1.77x | 0.77x | 0.26x | 1.34x | 1.52x | 0.93x | 0.75x | 1.78x | 1.09x | 0.81x | 0.63x | 1.51x | 2.13x | 1.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |