stryker 2006年报

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1、Stryker2006AnnualReportTheChoiceisStrykerFinancialHighlights(inmillions,exceptpershareamounts)20052006%ChangeNetsales$4,871.5$5,405.611.0Earningsbeforeincometaxes954.61,103.815.6Incometaxes311.0326.14.9Netearnings643.6777.720.8Adjustednetearnings1686.9830.420.9Dilutednetearningspershar

2、eofcommonstock:Reported$1.57$1.8920.4Adjusted1$1.67$2.0221.0Dividendsdeclared.11.22100.0Cashandmarketablesecurities1,056.51,414.833.91Adjustedtoexcludethepurchasedin-processresearchanddevelopmentchargesrecordedin2006and2005andincometaxesontherepatriationofforeignearningsin2005.Contents

3、2LetterfromStrykerPresidentandCEOStephenP.MacMillan7AMessagefromStrykerChairmanJohnW.Brown8TheYearinReview10ItalyGrowingUpwithStryker’sModularReplacementSystem14UnitedStatesRight-SizedKneeImplantsForAllPatients18ChinaBackintheGame22IntotheFuture23FinancialReviewThechoiceisStrykerformed

4、icalprofessionals,patientsandshareholders.StrykeristhechoicebecauseWemanageforlong-termgrowth.Wedeliveronourcommitments.Weleverageourbroadbaseofproductsandservices.Weinvestforthefuture.ToOurShareholders:In2006,Strykeronceagaindeliveredresultsthatwerewellaheadofthenormforourindustry,inc

5、ludingadouble-digitsalesincreaseforthesixthyearinarow,adjustednetearningsof$830millionandoperatingcashflowof$867million,whichdroveournetcashpositionto$1.4billion.Withthesestrongresults,wewereabletomakeanunprecedentedmovetodoubleouryear-enddividendwhileremainingcommittedtoredeployingourg

6、rowingcashbalancetostrengthenourcapabilitiesandidentifynewgrowthplatforms.Thesefinancialaccomplishmentsoccurredinthecontextofchallengesthemedicaltechnologyindustryisfac-ingduetochangesinthehealth-careenvironment.Simplyput,health-caresystemsaroundtheworldareexpe-riencinggrowingcostpressu

7、resduetoagingpopulationsandmorepatientswhodemandaccesstohigh-qualitycare.Thesefactorscouldhaveanegativeimpactoncompaniesthatproducemedicaldevices,butatStrykerwearecommittedtohelpingfindsolutionstothesechallenges.Ourgoalistohelphospitalsandmedicalprofessionalsaroundtheworldimprovepatie