史赛克Stryker Corporation (SYK) 2011年年度报告「NYSE」.pdf

1、THE INNOVATION ADVANTAGESTRYKER 2011 ANNUAL REVIEWFi nanci al Overvi ewIN MILLIONS,EXCEPT PER SHARE AMOUNTSSal es$8,307$7,32013.5Earnings before income taxes 1,6861,729(2.5)Net earnings 1,3451,2735.7Adjusted net earnings1,4481,3299.0Dil uted net earnings per share common stock:Reported$3.45$3.198.2A

2、djusted3.72 3.3311.7Net cash provided by operating activities$1,434$1,547(7.3)Dividends paid per share of common stock$0.72$0.6020.0Cash and current marketabl e securities 3,4184,380(22.0)20112010%CHANGER&D Spendi ng$MILLIONSAdjust ed Net Earni ngs1$PER SHAREDi vi dends Pai d$PER SHARE OF COMMON STO

3、CKHi st ory of Revenue Growth$BILLIONSAdjusted to excl ude the impact of acquisition and integration-rel ated charges in 2011,restructuring charges incurred in 2011,adjustments for uncertain tax positions rel ated to certain settl ements in 2011,a gain on the sal e of property,pl ant and equipment r

4、ecorded in 2010,income taxes on the repatriation of foreign earnings recorded in 2010,and an impairment of property,pl ant and equipment recorded in 2010.11793.06.00.0$8.3B1110090807063253753683363944620.0450300150Y/Y%Chg17.317.3(8.7)(1.9)15.414.01110090807062.002.402.832.953.333.720.03.02.01.00.110

5、.220.330.500.600.721110090807060.30.00.6Our CompanySi nce Dr.Strykers first i nventi on,we have been a com-pany of i nvent ors,experi ment ers and achi eversal l uni t ed behi nd the si ngl e goal of i mprovi ng the del i very of heal thcare i n ways that posi ti vel y affect the work of caregi vers

6、 and the l i ves of pat i ent s.We have mai ntai ned and expanded our Companys f oundat i on over the years based on the charact er and rel entl ess work ethi c of our empl oyees around the worl d.Grounded i n financi al di sci pl i ne,our dri ve f or market-l eadi ng i nnovati on and busi ness exce