Overview | Medtronic

Fundamentals - Income Statement

  Year Ending Apr 2019 (Update) Year Ending Apr 2018 (Reclassified) Year Ending Apr 2017 (Reclassified) Year Ending Apr 2016 (Reclassified) Year Ending Apr 2015 (Update)
Net Sales 30,557.00 29,953.00 29,710.00 28,833.00 20,261.00
Revenue 30,557.00 29,953.00 29,710.00 28,833.00 20,261.00
Total Revenue 30,557.00 29,953.00 29,710.00 28,833.00 20,261.00
Cost of Revenue 9,064.00 9,039.00 9,267.00 9,142.00 6,309.00
Cost of Revenue, Total 9,064.00 9,039.00 9,267.00 9,142.00 6,309.00
Gross Profit 21,493.00 20,914.00 20,443.00 19,691.00 13,952.00
Selling/General/Administrative Expense 10,008.00 9,691.00 9,762.00 9,236.00 6,776.00
Labor & Related Expense 224.00 262.00 256.00 233.00 128.00
Selling/General/Administrative Expenses, Total 10,232.00 9,953.00 10,018.00 9,469.00 6,904.00
Research & Development 2,330.00 2,256.00 2,193.00 2,224.00 1,640.00
Amortization of Intangibles, Operating 1,764.00 1,823.00 1,980.00 1,931.00 733.00
Depreciation/Amortization 1,764.00 1,823.00 1,980.00 1,931.00 733.00
Investment Income - Operating -224.00 226.00 -54.00 -- --
Interest/Investment Income - Operating -224.00 226.00 -54.00 -- --
Interest Expense (Income), Net-Operating, Total -224.00 226.00 -54.00 -- --
Purchased R&D Written-Off 58.00 68.00 -- -- --
Restructuring Charge 407.00 91.00 303.00 290.00 237.00
Litigation 166.00 61.00 300.00 26.00 42.00
Impairment-Assets Held for Use 17.00 -- 17.00 -- --
Impairment-Assets Held for Sale -- -- 10.00 -- --
Other Unusual Expense (Income) 694.00 -392.00 0.00 283.00 512.00
Unusual Expense (Income) 1,342.00 -172.00 630.00 599.00 791.00
Other, Net 266.00 226.00 293.00 107.00 -92.00
Other Operating Expenses, Total 266.00 226.00 293.00 107.00 -92.00
Total Operating Expense 24,774.00 23,351.00 24,327.00 23,472.00 16,285.00
Operating Income 5,783.00 6,602.00 5,383.00 5,361.00 3,976.00
Interest Expense - Non-Operating -959.00 -1,108.00 -1,094.00 -1,386.00 -666.00
Interest Expense, Net Non-Operating -959.00 -1,108.00 -1,094.00 -1,386.00 -666.00
Interest Income, Non-Operating 283.00 397.00 366.00 431.00 386.00
Investment Income, Non-Operating -- -227.00 -- -70.00 -210.00
Interest/Investment Income, Non-Operating 283.00 170.00 366.00 361.00 176.00
Interest Income (Expense), Net Non-Operating -- -- -- -- --
Interest Income (Expense), Net-Non-Operating, Total -676.00 -938.00 -728.00 -1,025.00 -490.00
Other Non-Operating Income (Expense) 90.00 11.00 -53.00 -- --
Other, Net 90.00 11.00 -53.00 -- --
Net Income Before Taxes 5,197.00 5,675.00 4,602.00 4,336.00 3,486.00
Income Tax – Total 535.00 298.00 578.00 798.00 811.00
Income After Tax 4,662.00 5,377.00 4,024.00 3,538.00 2,675.00
Minority Interest -19.00 9.00 4.00 0.00 --
Net Income Before Extraordinary Items 4,643.00 5,386.00 4,028.00 3,538.00 2,675.00
Discontinued Operations -- -- -- -- --
Extraordinary Item -12.00 -2,282.00 -- -- --
Total Extraordinary Items -12.00 -2,282.00 -- -- --
Net Income 4,631.00 3,104.00 4,028.00 3,538.00 2,675.00
Income Available to Common Excluding Extraordinary Items 4,643.00 5,386.00 4,028.00 3,538.00 2,675.00
Income Available to Common Stocks Including Extraordinary Items 4,631.00 3,104.00 4,028.00 3,538.00 2,675.00
Basic Weighted Average Shares 1,346.40 1,356.70 1,378.90 1,409.60 1,095.50
Basic EPS Excluding Extraordinary Items 3.45 3.97 2.92 2.51 2.44
Basic EPS Including Extraordinary Items 3.44 2.29 2.92 2.51 2.44
Diluted Net Income 4,631.00 3,104.00 4,028.00 3,538.00 2,675.00
Diluted Weighted Average Shares 1,357.50 1,368.20 1,391.40 1,425.90 1,109.00
Diluted EPS Excluding Extraordinary Items 3.42 3.94 2.89 2.48 2.41
Diluted EPS Including Extraordinary Items 3.41 2.27 2.89 2.48 2.41
DPS - Common Stock Primary Issue 2.00 1.84 1.72 1.52 1.22
Gross Dividends - Common Stock 2,693.00 2,494.00 2,376.00 2,139.00 1,337.00
Restructuring Charge, Supplemental -- 5.00 -- -- --
Other Unusual Expense (Income), Supplemental -- -- 230.00 -- --
Non-Recurring Items, Total -- 5.00 230.00 -- --
Total Special Items 1,342.00 -167.00 860.00 599.00 791.00
Normalized Income Before Taxes 6,539.00 5,508.00 5,462.00 4,935.00 4,277.00
Effect of Special Items on Income Taxes 132.18 -12.34 108.01 110.24 184.02
Income Taxes Excluding Impact of Special Items 667.18 285.66 686.01 908.24 995.02
Normalized Income After Taxes 5,871.82 5,222.34 4,775.99 4,026.76 3,281.98
Normalized Income Available to Common 5,852.82 5,231.34 4,779.99 4,026.76 3,281.98
Basic Normalized EPS 4.35 3.86 3.47 2.86 3.00
Diluted Normalized EPS 4.31 3.82 3.44 2.82 2.96
Amortization of Intangibles, Supplemental 1,764.00 1,823.00 1,980.00 1,931.00 733.00
Depreciation, Supplemental 895.00 821.00 937.00 889.00 573.00
Interest Expense, Supplemental 959.00 1,108.00 1,094.00 1,386.00 666.00
Interest Capitalized, Supplemental -- -- -- -- --
Rental Expense, Supplemental 305.00 319.00 294.00 269.00 195.00
Stock-Based Compensation, Supplemental 290.00 344.00 346.00 375.00 439.00
Minority Interest, Supplemental -19.00 9.00 4.00 0.00 --
Research & Development Expense, Supplemental 2,330.00 2,256.00 2,193.00 2,224.00 1,640.00
Audit-Related Fees, Supplemental 15.59 16.18 16.37 13.34 13.34
Audit-Related Fees 0.32 0.50 2.82 4.18 4.18
Tax Fees, Supplemental 1.01 1.51 2.07 3.23 3.23
All Other Fees Paid to Auditor, Supplemental 0.03 0.28 0.13 0.21 0.21
Gross Margin 70.34 69.82 68.81 68.29 68.86
Operating Margin 18.93 22.04 18.12 18.59 19.62
Pretax Margin 17.01 18.95 15.49 15.04 17.21
Effective Tax Rate 10.29 5.25 12.56 18.40 23.26
Net Profit Margin 15.19 17.98 13.56 12.27 13.20
Normalized EBIT 6,901.00 6,661.00 6,189.00 5,960.00 4,767.00
Normalized EBITDA 9,560.00 9,305.00 9,106.00 8,780.00 6,073.00
Current Tax - Domestic 579.00 2,899.00 614.00 440.00 1,128.00
Current Tax - Foreign 406.00 796.00 840.00 835.00 502.00
Current Tax - Total 985.00 3,695.00 1,454.00 1,275.00 1,630.00
Deferred Tax - Domestic -322.00 -2,237.00 -399.00 -67.00 -705.00
Deferred Tax - Foreign -128.00 -1,160.00 -477.00 -410.00 -114.00
Deferred Tax - Total -450.00 -3,397.00 -876.00 -477.00 -819.00
Income Tax - Total 535.00 298.00 578.00 798.00 811.00
Interest Cost - Domestic 129.00 117.00 109.00 122.00 105.00
Service Cost - Domestic 109.00 116.00 117.00 120.00 104.00
Prior Service Cost - Domestic 1.00 1.00 1.00 0.00 0.00
Expected Return on Assets - Domestic -215.00 -205.00 -195.00 0.00 -160.00
Actuarial Gains and Losses - Domestic 76.00 82.00 88.00 98.00 65.00
Curtailments & Settlements - Domestic 0.00 16.00 60.00 1.00 --
Domestic Pension Plan Expense 100.00 127.00 180.00 341.00 114.00
Interest Cost - Foreign 30.00 28.00 26.00 31.00 33.00
Service Cost - Foreign 59.00 67.00 70.00 81.00 60.00
Prior Service Cost - Foreign -1.00 0.00 -1.00 0.00 0.00
Expected Return on Assets - Foreign -57.00 -53.00 -48.00 -256.00 -41.00
Actuarial Gains and Losses - Foreign 12.00 18.00 17.00 20.00 12.00
Curtailments & Settlements - Foreign -2.00 0.00 0.00 10.00 --
Foreign Pension Plan Expense 41.00 60.00 64.00 -114.00 64.00
Interest Cost - Post-Retirement -- -- -- -- --
Service Cost - Post-Retirement -- -- -- -- --
Prior Service Cost - Post-Retirement -- -- -- -- --
Expected Return on Assets - Post-Retirement -- -- -- -- --
Actuarial Gains and Losses - Post-Retirement -- -- -- -- --
Curtailments & Settlements - Post-Retirement -- -- -- -- --
Other Post-Retirement, Net 17.00 -9.00 11.00 12.00 14.00
Post-Retirement Plan Expense 17.00 -9.00 11.00 12.00 14.00
Defined Contribution Expense - Domestic -- -- -- -- --
Total Pension Expense 158.00 178.00 255.00 239.00 192.00
Discount Rate - Domestic 4.23 4.18 4.18 4.30 4.20
Discount Rate - Foreign 0.50 11.40 10.20 10.20 1.88
Discount Rate - Post-Retirement -- -- -- -- --
Expected Rate of Return - Domestic 7.90 7.90 8.20 8.20 8.25
Expected Rate of Return - Foreign 4.23 4.20 4.45 4.35 4.77
Expected Rate of Return - Post-Retirement -- -- -- -- --
Compensation Rate - Domestic 3.90 3.90 3.90 3.90 3.90
Compensation Rate - Foreign 2.88 2.89 2.83 2.92 2.80
Total Plan Interest Cost 159.00 145.00 135.00 153.00 138.00
Total Plan Service Cost 168.00 183.00 187.00 201.00 164.00
Total Plan Expected Return -272.00 -258.00 -243.00 -256.00 -201.00
Total Plan Other Expense 17.00 -9.00 11.00 12.00 14.00
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