Medtronic 2016 Annual Report Download - page 133
Download and view the complete annual report
Please find page 133 of the 2016 Medtronic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
 |
 |
Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
130
Consolidating Statement of Comprehensive Income
Fiscal Year Ended April 24, 2015
Medtronic Senior Notes
(in millions)
Parent
Company
Guarantor
(Medtronic
plc)
Subsidiary
Issuer
(Medtronic,
Inc.) Subsidiary
Guarantors
Subsidiary
Non-
guarantors Consolidating
Adjustments Total
Net sales $ — $ 1,261 $ — $ 20,261 $ (1,261) $ 20,261
Costs and expenses:
Cost of products sold — 895 — 6,659 (1,245) 6,309
Research and development expense — 552 — 1,088 — 1,640
Selling, general, and administrative
expense 1 857 — 6,046 — 6,904
Special (gains) charges — 100 — (138) — (38)
Restructuring charges, net — 7 — 230 — 237
Certain litigation charges, net — — — 42 — 42
Acquisition-related items — 312 — 238 — 550
Amortization of intangible assets — 11 — 722 — 733
Other (income) expense, net 103 (1,618) — 1,633 — 118
Operating profit (loss) (104) 145 — 3,741 (16) 3,766
Interest income — (56)(170)(387) 227 (386)
Interest expense — 762 — 131 (227) 666
Interest expense (income), net — 706 (170)(256) — 280
Equity in net (income) loss of
subsidiaries (2,790) (5,830)(2,620) — 11,240 —
Income (loss) from operations before
income taxes 2,686 5,269 2,790 3,997 (11,256) 3,486
Provision (benefit) for income taxes 11 (44) — 844 — 811
Net income 2,675 5,313 2,790 3,153 (11,256) 2,675
Other comprehensive income (loss), net
of tax (587) (540)(587)(232) 1,359 (587)
Total comprehensive income (loss) $ 2,088 $ 4,773 $ 2,203 $ 2,921 $ (9,897) $ 2,088