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Medtronic Plc (MDT) SEC Filing 10-K Annual Report for the fiscal year ending Friday, April 29, 2022

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Medtronic Plc

HISTORY TOOLS
CIK: 1613103 Ticker: MDT

Exhibit 99.1
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NEWS RELEASE
 
Contacts:
  
 Erika Winkels   Ryan Weispfenning
 Public Relations  Investor Relations
 +1-763-526-8478  +1-763-505-4626

FOR IMMEDIATE RELEASE

Medtronic reports full year and fourth quarter
fiscal year 2022 financial results;
announces 8% dividend increase

Mid-single digit FY22 revenue growth; Q4 results affected by temporary global supply chain impacts and China lockdowns

DUBLIN – May 26, 2022 –
 Medtronic plc (NYSE:MDT) today announced financial results for its fourth quarter and fiscal year 2022, which ended April 29, 2022.

Key Highlights
•FY22 revenue increased 5% reported and organic
•FY22 GAAP diluted EPS increased 40%; non-GAAP diluted EPS increased 26%
•FY22 cash flow from operations of $7.3 billion increased 18%; FY22 free cash flow of $6.0 billion increased 22%
•Quarterly dividend increased to $0.68, annual $2.72 from prior $2.52; 45th consecutive year of dividend increases
1
The following information was filed by Medtronic Plc (MDT) on Thursday, May 26, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Medtronic Plc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity (Parenthetical)
Consolidated Statements Of Income
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Details)
Acquisitions - Contingent Consideration (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Derivatives And Currency Exchange Risk Management
Derivatives And Currency Exchange Risk Management (Tables)
Derivatives And Currency Exchange Risk Management - Classification And Fair Value Amounts Of Derivative Instruments In Balance Sheets (Details)
Derivatives And Currency Exchange Risk Management - Derivative (Gains) Losses Designated As Hedging Instruments (Details)
Derivatives And Currency Exchange Risk Management - Derivative Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Derivatives And Currency Exchange Risk Management - Gains And Losses On Derivatives Not Designated As Hedging Instruments (Details)
Derivatives And Currency Exchange Risk Management - Narrative (Details)
Derivatives And Currency Exchange Risk Management - Offsetting Assets And Liabilities (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Activity Related To The Company's Debt Securities Portfolio And Available-For-Sale Debt Securities Contractual Maturities (Details)
Financial Instruments - Activity Related To The Company's Investment Portfolio, Equity And Other Investments (Details)
Financial Instruments - Additional Information (Details)
Financial Instruments - Afs In Continuous Loss Position (Details)
Financial Instruments - Investments By Category And Related Balance Sheet Presentation (Details)
Financial Instruments - Summary Of Equity And Other Investments (Details)
Financing Arrangements
Financing Arrangements (Tables)
Financing Arrangements - Additional Information (Details)
Financing Arrangements - Current Debt Obligations (Details)
Financing Arrangements - Long-Term Debt (Details)
Financing Arrangements - Long-Term Debt Maturities (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Amortization Expense (Details)
Goodwill And Other Intangible Assets - Changes In Goodwill (Details)
Goodwill And Other Intangible Assets - Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Components Of Income Before Income Taxes, Based On Jurisdiction (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Income Tax (Benefit) Provision (Details)
Income Taxes - Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Leases
Leases (Tables)
Leases - Balance Sheet Classification And Amounts Of Right-Of-Use Assets And Lease Liabilities (Details)
Leases - Components Of Total Operating Lease Cost (Details)
Leases - Maturities Of Operating Leases (Details)
Leases - Supplemental Cash Flow Information (Details)
Leases - Weighted-Average Remaining Lease Term And Weighted-Average Discount Rate For Operating Leases (Details)
Property, Plant, And Equipment
Property, Plant, And Equipment (Details)
Property, Plant, And Equipment (Tables)
Restructuring Charges
Restructuring Charges (Details)
Restructuring Charges (Tables)
Restructuring Charges - Additional Information (Details)
Retirement Benefit Plans
Retirement Benefit Plans (Tables)
Retirement Benefit Plans - Actuarial Assumptions And Plan Assets Target Allocations (Details)
Retirement Benefit Plans - Additional Information (Details)
Retirement Benefit Plans - Change In Benefit Obligation And Funded Status (Details)
Retirement Benefit Plans - Fair Value Measurement (Details)
Retirement Benefit Plans - Future Benefit Payments (Details)
Retirement Benefit Plans - Net Periodic Cost And Aoci (Details)
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Net Sales By Market Geography For Each Segment (Details)
Revenue - Disaggregation Of Net Sales By Segment And Division (Details)
Revenue - Narrative (Details)
Schedule Ii
Schedule Ii (Details)
Segment And Geographic Information
Segment And Geographic Information (Tables)
Segment And Geographic Information - Additional Information (Details)
Segment And Geographic Information - Income From Operations Before Income Taxes By Reportable Segment And Reconciliation To Consolidated (Details)
Segment And Geographic Information - Reconciliation Of Assets And Depreciation Expense From Segments To Consolidated (Details)
Segment And Geographic Information - Schedule Of Net Sales To External Customers And Property, Plant, And Equipment, Net, By Geographic Region (Details)
Shareholders' Equity
Shareholders' Equity (Details)
Stock Purchase And Award Plans
Stock Purchase And Award Plans (Tables)
Stock Purchase And Award Plans - Additional Information (Details)
Stock Purchase And Award Plans - Performance Share Unit Activity (Details)
Stock Purchase And Award Plans - Restricted Stock Activity (Details)
Stock Purchase And Award Plans - Stock Options Activity (Details)
Stock Purchase And Award Plans - Stock-Based Compensation Expense (Details)
Stock Purchase And Award Plans - Valuation Assumptions (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Ticker: MDT
CIK: 1613103
Form Type: 10-K Annual Report
Accession Number: 0001613103-22-000023
Submitted to the SEC: Thu Jun 23 2022 4:13:25 PM EST
Accepted by the SEC: Thu Jun 23 2022
Period: Friday, April 29, 2022
Industry: Electromedical And Electrotherapeutic Apparatus

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