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2014 ANNUAL REVIEW

Company
Highlights

Financial Highlights
  • History of Revenue Growth $ In Billions
  • Adjusted Diluted Net Earnings
    $ Per Share1, 2, 4
    Dividends Paid
    $ Per Share Of Common Stock
    Cash Flow Provided By Operating Activities $ In Billions
Financial Overview (In Millions, Except Per Share Amounts) 2014 2013 % CHANGE
Net Sales $ 9,675 $ 9,021 7.3
Earnings Before Income Taxes 1,160 1,212 (4.3)
Income Taxes 645 206 213.1
Net Earnings 515 1,006 (48.8)
Adjusted Net Earnings 2, 3 1,810 1,714 5.6
Diluted Net Earnings Per Share Of Common Stock:
   Reported $ 1.34 $ 2.63 (49.0)
   Adjusted 1, 2, 4 4.73 4.49 5.3
Dividends Paid Per Share Of Common Stock $ 1.22 $ 1.06 15.1
Cash, Cash Equivalents And Current Marketable Securities 5,000 3,980 25.6
  • 1 A non-GAAP financial measure. The most comparable GAAP financial measure is diluted net earnings per share, which were $2.77, $3.19, $3.45, $3.39, $2.63 and $1.34 in 2009, 2010, 2011, 2012, 2013 and 2014, respectively. GAAP is defined as accounting principles generally accepted in the United States.
  • 2 For a reconciliation between these non-GAAP financial measures and their most comparable GAAP financial measure, refer to our Annual Reports on Form 10-K, available on our website at www.stryker.com or at the SEC’s website at www.sec.gov.
  • 3 A non-GAAP financial measure. The most comparable GAAP financial measure is net earnings.
  • 4 In 2014, we began excluding amortization of intangible assets from our adjusted diluted net earnings per share. Adjusted Diluted Net Earnings Per Share for 2013 and 2012 were restated in our Annual Report on Form 10-K for the year ended December 31, 2014.
Global Recognition
FORTUNE WORLD’S MOST ADMIRED COMPANIES IN MEDICAL EQUIPMENT

#6 in 2015; recipient for the fourteenth consecutive year

FORTUNE 100 BEST COMPANIES TO WORK FOR (U.S.)

#19 in 2015; recipient for the fifth consecutive year – moved up 23 places from 2014

FORTUNE 500 LARGEST U.S.-BASED COMPANIES

#306 in 2014; joined the list in 2003

GALLUP’S GREAT WORKPLACE AWARD

Recipient for the seventh time in 2014

GREAT PLACE TO WORK INSTITUTE — Australia, Canada & Mexico

#25 for Australia in 2014
#30 for Canada in 2014
#69 for Mexico in 2014

THE SUNDAY TIMES 100 BEST COMPANIES TO WORK FOR

#31 in 2015; Stryker UK recipient for the ninth consecutive year

TOP EMPLOYERS
SCHWEIZ SUISSE

2014 certification; recipient for the first time

2014 PRIX GALIEN AWARD FOR BEST MEDICAL TECHNOLOGY

For the Trevo ProVue Retriever

WOMAN ENGINEER MAGAZINE’S TOP 50 EMPLOYERS

#26 in 2014

MEDREPS.COM BEST PLACES TO WORK IN MEDICAL SALES

#2 in 2015

CANADA'S TOP 100 EMPLOYERS AND HAMILTON / NIAGARA'S TOP 10 EMPLOYERS

Stryker Canada named for the seventh consecutive year in 2015

CAREERBUILDER 2014 TOP COMPANIES TO WORK FOR

Stryker Sustainability Solutions division in Arizona

PHILLY.COM 2014 TOP WORKPLACES

Top 100 companies and organizations in Philadelphia, PA

GLASSDOOR EMPLOYEES' CHOICE BEST PLACES TO WORK 2014

#48 in 2014, recipient for the first time

“This is an amazing place to work! Our culture is a result of our employees’ dedication and passion.” Kevin A. Lobo, Chairman and CEO