Income StatementBalance SheetCash FlowSegments
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Stryker Cash Flow Statement

Operating, investing, and financing cash movements

Stryker generated $5.4B in operating cash flow over the trailing twelve months. After $804.0M in capital expenditures, free cash flow was $4.6B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$5.4BNet Cash From Investing (TTM)-$915.0MNet Cash From Financing (TTM)$2.4BCapital Expenditures (TTM)$804.0MDepreciation And Amortization Cf (TTM)$638.0MNet Change In Cash (TTM)$2.0B
Latest FilingQ1 2026
Report Date2026-05-11
Market Cap$121.33B
P/E Ratio36.36

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$30.0M$4.7B$65.0M$136.0M$10.0M$22.0M
Capital expenditures$266.0M$123.0M$183.0M$187.0M$268.0M$166.0M
Payment for (Proceeds from) Other Investing Activity-$91.0M$20.0M$20.0M$1.0M$19.0M-$1.0M
Net cash from investing activities-$303.0M-$4.1B-$104.0M-$321.0M-$305.0M-$185.0M
Payments for (Proceeds from) Short-Term Investments$187.5M-$750.0M———$0.0

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable$388.0M-$144.0M-$113.0M-$267.0M—-$444.0M
Change in accrued liabilities$298.0M-$504.0M——$396.0M-$654.0M
Change in income taxes payable/receivable—$49.0M-$659.0M——$42.0M
Change in inventories—$93.0M$133.0M$147.0M—$127.0M
Other working capital changes$120.0M$130.0M$149.0M$94.0M$97.0M$25.0M
Deferred income taxes-$349.0M$14.0M$162.0M$15.0M$201.0M-$33.0M
Net cash from operating activities$1.9B$250.0M$1.1B$1.5B$2.1B$581.0M
Net income$546.0M$654.0M$884.0M$859.0M$849.0M$745.0M
Amortization$155.8M$183.0M$183.0M$183.0M$183.0M—
Asset write-downs$956.0M$35.0M$55.0M$73.0M$7.0M$0.0
Depreciation$108.0M$105.0M$109.0M$120.0M$127.0M$120.0M
Accounts payable$395.0M-$309.0M——$299.0M-$198.0M
Sale of inventory stepped up to fair value at acquisition$11.5M$43.3M$43.3M$43.3M$43.3M—
Sale of inventory stepped-up to fair value at acquisition—$34.0M$65.0M$61.0M—$0.0
Stock-based compensation$45.0M$84.0M$49.0M$62.0M$48.0M$87.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0.0$3.0B———$0.0
Repayments of debt$1.4B$0.0$650.0M$0.0$750.0M$1.0B
Dividends paid$305.0M$320.0M$321.0M$322.0M$321.0M$337.0M
Other, net-$2.0M-$24.0M-$6.0M$0.0-$4.0M-$34.0M
Proceeds from (Repayments of) Short-Term Debt-$8.0M$0.0$0.0$0.0$0.0—
Payment of Deferred Purchase Consideration-$2.0M-$24.0M-$6.0M$0.0-$4.0M-$34.0M
Noncontrolling interest transactions and other-$2.0M-$24.0M-$6.0M$0.0-$4.0M-$34.0M
Net cash from financing activities-$1.8B$2.5B———-$1.5B
Noncontrolling Interests Activity and Other-$2.0M-$24.0M-$6.0M$0.0-$4.0M-$34.0M
Taxes paid for net share settlement$49.0M$101.0M$14.0M$17.0M$17.0M$139.0M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries-$8.0M$0.0$0.0$0.0$0.0—

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.7B$127.0M$928.0M$1.4B$1.9B$415.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$32.0M$20.0M$37.0M$1.0M$10.0M-$19.0M
Net increase (decrease) in cash—-$1.3B——$755.0M-$1.1B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$99.0M$145.5M$145.5M$145.5M$145.5M—
Income Taxes Paid, Net$247.3M$250.5M$250.5M$250.5M$250.5M—