SYK · 8-K · 20260626PR000041

Capital Allocation

STRYKER CORP · 2026-06-26 · Importance 83 · Surprise 82

Stryker generated $5,044 million of operating cash flow in 2025, up from $4,242 million in 2024. The company spent $761 million on property, plant and equipment, compared with $755 million in 2024, and paid $1,284 million of dividends, compared with $1,219 million. Acquisition spending increased to $4,960 million from $1,628 million, while proceeds from the Spinal Implants sale were $165 million. The company issued $2,979 million of long-term debt and repaid $1,400 million during 2025.