2.3% Device Tax in new healthcare reform bill
Sheet: Balance Sheet
Sheet: Income Statement
Sheet: Shareholders Equity
Sheet: Cash Flows
Sheet: RESULTS OF OPERATIONS
Sheet: COMPUTATION OF EARNINGS PER SHA
Sheet: NO TITLE
STRYKER CORP
10-Q
08/13/1997
Balance Sheet
June 30
December 31
1997
1996
ASSETS
Current Assets
Cash and cash equivalents
Marketable debt securities
Accounts receivable, less allowance
of 9,900 (1996 - 9,500)
Inventories
Deferred income taxes
Prepaid expenses and other current assets
Total Current Assets
Property, Plant and Equipment, less allowance
for depreciation of 127,984 (1996 - 117,882)
Other Assets
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable
Accrued compensation
Income taxes
Accrued expenses and other liabilities
Current maturities of long-term debt
Total Current Liabilities
Long Term Debt, excluding current maturities
Other Liabilities
Minority Interest
Stockholders' Equity
Common stock, .10 par value:
Authorized - 150,000 shares
Outstanding - 96,009 shares (1996 - 96,787)
Additional paid-in capital
Retained earnings
Unrealized gains on securities
Foreign translation adjustments
Total Stockholders' Equity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
____________________________
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STRYKER CORP
10-Q
08/13/1997
Income Statement
Three Months Ended
Six Months Ended
June 30
June 30
1997
1996
1997
1996
Net Sales
Costs and expenses:
Cost of sales
Research, development and
engineering
Selling, general and administrative
Operating Income
Other Income
Earnings Before Income Taxes
and Minority Interest
Income Taxes
Earnings Before Minority Interest
Minority Interest
Net Earnings
Net Earnings Per Share of Common
Stock
Average Outstanding Shares
for the Period
____________________________
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STRYKER CORP
10-Q
08/13/1997
Shareholders' Equity
Additional
Unrealized
Foreign
Common
Paid-In
Retained
Gains on
Translation
Stock
Capital
Earnings
Securities
Adjustments
Balance at
January 1, 1997
Net earnings for
six months ended
June 30, 1997
59400.0
Sales of 214
shares of common
stock under stock
option and benefit
plans, including
1,296 income tax
benefit
Repurchases of 993
shares of common
stock
Unrealized gains,
net of 64 income
tax benefit
210
Translation
adjustment
-7366.0
Balance at
June 30, 1997
____________________________
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STRYKER CORP
10-Q
08/13/1997
Cash Flows
Six Months Ended
June 30
1997
1996
OPERATING ACTIVITIES
Net Earnings
Adjustments to reconcile net earnings to net
cash provided by operating activities:
Depreciation
Amortization
Minority interest
Changes in operating assets and liabilities,
net of effects of business acquisitions:
Accounts receivable
Inventories
Accounts payable
Accrued expenses
Income taxes
Other
Net Cash Provided by Operating Activities
INVESTING AND FINANCING ACTIVITIES
Purchases of property, plant and equipment
Sales of marketable securities
Business acquisitions
Payments on borrowings
Dividends paid
Proceeds from exercise of stock options
Repurchases of common stock
Other
Net Cash Provided by (Used in) Investing
and Financing Activities
Effect of exchange rate changes on
cash and cash equivalents
Increase in Cash and Cash Equivalents
____________________________
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STRYKER CORP
10-Q
08/13/1997
RESULTS OF OPERATIONS
Three Months Ended
Six Months Ended
June 30
%
June 30
%1997
1996
Chg
1997
1996
Chg
Domestic/
International Sales
Domestic
International
Total Net Sales
Product Line Sales
Stryker Surgical
Stryker Medical
Matsumoto Dist
Products
Total Net Sales
____________________________
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STRYKER CORP
10-Q
08/13/1997
COMPUTATION OF EARNINGS PER SHARE OF COMMON STOCK
Three Months Ended
Six Months Ended
June 30
June 30
1997
1996
1997
1996
Average number of shares
outstanding
Net earnings
Net earnings per share
of common stock
Primary:
Average shares outstanding
Net effect of dilutive
stock options, based on
the treasury stock
method using average
market price
Total Primary Shares
Fully Diluted:
Average shares outstanding
Net effect of dilutive
stock options, using the
period-end market price,
if higher than average
market price
Total Fully Diluted Shares
____________________________
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STRYKER CORP
10-Q
08/13/1997
NO TITLE
____________________________
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