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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$117.17B
P/E Ratio35.11

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$30M$4.7B$65M$136M$10M$22M
Capital expenditures$266M$123M$183M$187M$268M$166M
Payment for (Proceeds from) Other Investing Activity-$91M$20M$20M$1M$19M-$1M
Net cash from investing activities-$303M-$4.1B-$104M-$321M-$305M-$185M
Payments for (Proceeds from) Short-Term Investments$187.5M-$750M———$0

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable$388M-$144M-$113M-$267M—-$444M
Change in accrued liabilities$298M-$504M——$396M-$654M
Change in income taxes payable/receivable—$49M-$659M——$42M
Change in inventories—$93M$133M$147M—$127M
Other working capital changes$120M$130M$149M$94M$97M$25M
Deferred income taxes-$349M$14M$162M$15M$201M-$33M
Net cash from operating activities$1.9B$250M$1.1B$1.5B$2.1B$581M
Net income$546M$654M$884M$859M$849M$745M
Amortization$155.8M$183M$183M$183M$183M—
Asset write-downs$956M$35M$55M$73M$7M$0
Depreciation$108M$105M$109M$120M$127M$120M
Accounts payable$395M-$309M——$299M-$198M
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—$34M$65M$61M—$0
Stock-based compensation$45M$84M$49M$62M$48M$87M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0$3B———$0
Repayments of debt$1.4B$0$650M$0$750M$1B
Dividends paid$305M$320M$321M$322M$321M$337M
Other, net-$2M-$24M-$6M$0-$4M-$34M
Proceeds from (Repayments of) Short-Term Debt-$8M$0$0$0$0—
Payment of Deferred Purchase Consideration-$2M-$24M-$6M$0-$4M-$34M
Noncontrolling interest transactions and other-$2M-$24M-$6M$0-$4M-$34M
Net cash from financing activities-$1.8B$2.5B———-$1.5B
Noncontrolling Interests Activity and Other-$2M-$24M-$6M$0-$4M-$34M
Taxes paid for net share settlement$49M$101M$14M$17M$17M$139M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries-$8M$0$0$0$0—

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.7B$127M$928M$1.4B$1.9B$415M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$32M$20M$37M$1M$10M-$19M
Net increase (decrease) in cash—-$1.3B——$755M-$1.1B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$99M$145.5M$145.5M$145.5M$145.5M—
Income Taxes Paid, Net$247.3M$250.5M$250.5M$250.5M$250.5M—