STRYKER

2012 Annual Report on Form 10-K

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Stryker Corporation and Subsidiaries CONSOLIDATED STATEMENTS OF EARNINGS Years Ended December 31 2011 2012 Net sales Cost of sales Gross profit Research, development and engineering expenses Selling, general and administrative expenses Intangible asset amortization Property, plant and equipment impairment Restructuring charges Total operating expenses Operating income Other income (expense), net Earnings before income taxes Income taxes Net earnings Net earnings per share of common stock: Basic net earnings per share of common stock Diluted net earnings per share of common stock Weighted-average shares outstanding���in millions: Basic Net effect of dilutive employee stock options Diluted Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options $ 8,657 $ 8,307 2010 $ 7,320 2,781 2,811 2,286 5,876 5,496 5,034 471 462 394 3,466 3,150 2,707 123 122 58 ��� ��� 124 75 76 ��� 4,135 3,810 3,283 1,741 1,686 1,751 (36) ��� 1,705 (22) 1,686 407 1,729 341 456 $ 1,298 $ 1,345 $ 1,273 $ 3.41 $ 3.48 $ 3.21 $ 3.39 $ 3.45 $ 3.19 380.6 386.5 396.4 2.4 3.0 3.1 383.0 389.5 399.5 6.4 7.8 7.5 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Years Ended December 31 2012 Net earnings $ Unrealized gains (losses) on securities, net of income tax benefit (expense) [($1) in 2012, $1 in 2011, $0 in 2010)] Unfunded pension gains (losses), net of income tax benefit (expense) [$25 in 2012, $8 in 2011, $14 in 2010] Foreign currency translation adjustments Total other comprehensive loss Comprehensive income 2011 1,298 $ 2010 1,345 $ 1,273 4 (2) (2) (69) 12 (20) (10) (21) (81) (104) 1,169 50 (15) $ 1,283 $ 1,335 $ See accompanying notes to Consolidated Financial Statements. 22 Dollar amounts in millions except per share amounts or as otherwise specified

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