HISTORY OF REVENUE GROWTH
ADJUSTED DILUTED
NET EARNINGS¹
NET EARNINGS¹
DIVIDENDS
PAID
PAID
CASH FLOW PROVIDED
BY OPERATING ACTIVITIES
BY OPERATING ACTIVITIES
FINANCIAL OVERVIEW
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
2012
2011
% Change
Net sales
$
8,657
$
8,307
4.2
Earnings before income taxes
1,705
1,686
1.1
Income taxes
407
341
19.4
Net earnings
1,298
1,345
(3.5)
Adjusted net earnings²
1,560
1,448
7.7
Diluted net earnings per share of common stock:
Reported
$
3.39
$
3.45
(1.7)
Adjusted¹
4.07
3.72
9.4
Dividends paid per share of common stock
$
0.85
$
0.72
18.1
Cash and current marketable securities
4,285
3,418
25.4
¹A non-GAAP financial measure. The most comparable GAAP financial measure is diluted net earnings per share, which were $2.44, $2.78, $2.77, $3.19, $3.45 and $3.39, in 2007, 2008, 2009, 2010, 2011 and 2012, respectively.
² A non-GAAP financial measure. The most comparable GAAP financial measure is net earnings.
For a reconciliation between these measures, refer to our Annual Reports on Form 10-K available on our web site at www.stryker.com or at the SEC’s web site at www.sec.gov.
