史赛克Stryker Corporation (SYK) 2008年年度报告「NYSE」.pdf

1、2008Stryker Stryker Financial Highlights(in millions,except per share amounts)2007 2008%ChangeSales$6,000.5$6,718.2 12.0 Earnings from continuing operations before income taxes 1,370.1 1,580.2 15.3 Income taxes 383.4 432.4 12.8 Net earnings from continuing operations 986.7 1,147.8 16.3 Adjusted net

2、earnings from continuing operations1 999.4 1,169.5 17.0 Diluted net earnings from continuing operations per share of common stock:Reported$2.37$2.78 17.3 Adjusted1$2.40$2.83 17.9 Dividends declaredper share 0.33 0.40 21.2 Cash and marketable securities 2,410.8 2,195.6 (8.9)1 Adjusted to exclude rest

3、ructuring charges recorded in 2008 and an intangible asset impairment charge recorded in 2007.Contents 1 Letter to Shareholders 7 A Message from Stryker Chairman John W.Brown 8 Stories from 2008 21 Financial Review 70 Board of Directors and Corporate Officers 71 Operating Groups and Divisions and Ot

4、her InformationTo Our Shareholders,Charles Darwin said that it is not the strongest of the species that survives,nor the most intelligent,but the one most responsive to change.This quote may be 150 years old,but it seems remarkably fi tting at this time.Few of us could have fully envisioned many of

5、the events that unfolded in 2008:a global economic melt-down,unprecedented commodity price increases followed by rapid decreases,similar effects in the global currency markets,the failure of centuries-old fi nancial institutions,and further unprecedented bailout packages in country after country aro

6、und the worldfrom the United States to Europe to Asia and South America.These events created enormous challenges for companies in all industries.We at Stryker were not immune,as many of our hospital customers and government payors around the world cut back on spending,especially capital purchases,la