SYK · 10-Q · 2026Q2 · Full report

Cash Flow and Capital Allocation

STRYKER CORP · 2026-07-31 · Importance 70 · Surprise 56 · From source text

Operating cash flow increased to $1,842 million in the first six months of 2026 from $1,361 million, primarily due to changes in working-capital accounts. Investing cash use declined to $824 million from $4,240 million, with 2025 including cash paid for the Inari acquisition and property, plant and equipment. Financing cash use was $1,605 million in 2026, driven primarily by repayment of $1,000 million of maturing unsecured notes and dividend payments. The prior-year $1,545 million of financing cash provided was primarily from senior unsecured note issuance, partially offset by dividends.

Key facts

• Cash used in investing activities six months 2026: $824 million versus $4,240 million prior year; six months 2026 included cash paid for purchases of property, plant and equipment. source
• Cash used in financing activities six months 2026: $1,605 million; cash provided by financing activities six months 2025: $1,545 million. Prior year financing provided was primarily driven by proceeds from issuance of various senior unsecured notes partially offset by dividend payments; current period cash used was primarily driven by repayments of $1,000 to pay off maturing unsecured notes and dividend payments. source
• Cash provided by operating activities six months 2026: $1,842 million versus $1,361 million prior year; increase primarily due to changes in working capital accounts. source

Impact estimates