Financial Overview

(In millions, except per share amounts) 2011 2010 % CHANGE  
Sales $ 8,307 $ 7,320 13.5

1 Adjusted to exclude the impact of acquisition and integration-related charges in 2011, restructuring charges incurred in 2011, adjustments for uncertain tax positions related to certain settlements in 2011, a gain on the sale of property, plant and equipment recorded in 2010, income taxes on the repatriation of foreign earnings recorded in 2010, and an impairment of property, plant and equipment recorded in 2010.

Earnings before income taxes 1,686 1,729 (2.5)
Net earnings 1,345 1,273 5.7
Adjusted net earnings1 1,448 1,329 9.0
Diluted net earnings per share
common stock:
     
Reported $ 3.45 $ 3.19 8.2
For Stryker’s complete financials, view our 10–K

Download Document

Adjusted1 3.72 3.33 11.7
Net cash provided by operating activities $ 1,434 $ 1,547 (7.3)
Dividends paid per share of common stock $ 0.72 $ 0.60 20.0
Cash and current marketable securities 3,418 4,380 (22.0)
History Of Revenue Growth ($ Billions)
History Of Revenue Growth ($ Billions)
Year Amount (In Billions)
2011 8.3
2010 7.3
2009 6.7231
2008 6.7182
2007 6.0005
2006 5.1472
2005 4.6089
2004 4.0174
2003 3.4023
2002 2.8101
2001 2.4214
2000 2.1421
1999 1.9817
1998 0.9874
1997 0.8801
1996 0.8315
1995 0.8117
1994 0.6413
1993 0.5335
1992 0.4627
1991 0.358
1990 0.276
1989 0.2228
1988 0.177
1987 0.147
1986 0.1287
1985 0.1084
1984 0.0898
1983 0.0745
1982 0.0572
1981 0.0437
1980 0.0362
1979* 0.029
Adjusted Earnings Growth ($ Per Share)
Adjusted Earnings Growth ($ Per Share)
Year $ Per Share
2011 3.72
2010 3.33
2009 2.95
2008 2.83
2007 2.40
2006 2.00
Dividends Paid $ Per Share of Common Stock
Dividends Paid ($ Per Share of Common Stock)
Year Dividends Paid
2011 0.72
2010 0.60
2009 0.50
2008 0.33
2007 0.22
2006 0.11
R&D Spending (% of Sales)
R&D Spending (% of Sales)
Year % of Sales Year/Year % Change
2011 462 17.3
2010 394 17.3
2009 336 (9.7)
2008 388 (1.9)
2007 375 15.4
2006 325 14.0