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Medtronic MDT Goodwill Additions

Discontinued — last reported Q3 '24

Goodwill Additions at other companies

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Intuitive SurgicalISRG
$243.2M

Segments

By segment

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Other Operating Segments$0

Other financials

Income statement

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Revenue$9.8B+9.9%
Gross profit$6.4B+10.9%
Operating income$1.9B+30.4%
Net income$1.2B+17.8%
EPS (diluted)$0.97+18.3%

Balance sheet

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Cash & equivalents$1.9B-12.1%
Total debt$29.2B-1.6%
Total equity$49.5B+3.0%
Total assets$93.0B+1.5%

Cash flow

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Operating cash flow$2.6B+1.8%
CapEx$488.0M+6.3%
Free cash flow$2.1B+0.8%

Valuation

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Market cap$110.07B-3.9%
Enterprise value$137.33B-3.2%
P/E22.9×-1.6×
P/S-0.3×

Profitability

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Gross margin65%-0.3pp
Operating margin17.8%0.0pp
Net margin13.2%-0.7pp
FCF margin14.9%-0.5pp

Returns & leverage

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Return on equity9.8%+0.4pp
Debt / equity0.6×0.0×
Current ratio2.1×+0.3×

Where this comes from

Reported directly by Medtronic in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Medtronic’s 10-Q, filed February 27, 2024.

Filed
Feb 27, 2024
Fiscal quarter
Q3 FY2024
Calendar quarter
Q1 2024
Accession
0001613103-24-000011
(in millions)CardiovascularNeuroscienceMedical SurgicalDiabetesTotal
April 28, 2023$7,873$11,718$19,579$2,255$41,425
Goodwill as a result of acquisitions5151
Purchase accounting adjustments(5)(5)
Currency translation and other(13)(44)(254)(311)
January 26, 2024$7,906$11,674$19,325$2,255$41,160

Item 1. Financial Statements

FAQ

What is Medtronic's goodwill additions?
Medtronic (MDT) reported goodwill additions of $27M in Q4 2023.
What does goodwill additions mean?
Represents the value of goodwill recognized during the period as a result of business combinations and acquisitions. This metric indicates the company's inorganic growth strategy and the premium paid for acquired assets. It is a key indicator of capital allocation toward external expansion.

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