Geethapriya Setty Financial Accounting (ACCT601)Id No.100918266Financial AnalysisName: Medtronic, Inc. (NYSE- MDT)Principal Office: 710 Medtronic Pkwy., N.E. Minneapolis, MN 55432, (763) 514-4000Website: www.medtronic.comNAICS: 325412: Pharmaceutical Preparation ManufacturingPrimary SIC: 3845- Electromedical and Electrotherapeutic Apparatus ManufacturingSecondary SIC: 339112- Surgical and Medical Instrument Manufacturing.Auditor: PricewaterhouseCoopers LLP, New York, NYPrimary Bank: Wells Fargo Bank, N.A., Minneapolis, MNCompany started: 1949Number of Employees: 45,499Table of Contents:
General Description of Medtronic Inc.
2.a. Medical Device Industry
2.b. Medtronic Inc.
4.a. Financial Analysis of 10K
4.b.Cost and expenses analysis
4.c. Financial Ratios
By Geethapriya Setty(100918266)Address: 1300 Hennepin Ave, Apt M101, Minneapolis, Minnesota-55403 Section 1: General Description of Medtronic Inc.Medtronic Inc., a medical technology company, was founded in 1949 by Earl Bakken and Palmer Hermundslie. It was incorporated in 1957 in Minneapolis, Minnesota. They were the first to create a wearable cardiac pacemaker in 1957. They have been able to expand their business from a small repair company, which serviced medical equipment in hospitals, to being able to serve physicians and patients in more than 120 countries worldwide. From then on they focused on cardiac rhythm technology that makes up approximately 52% of their net sales (fiscal year 2012). Along with CRDM, they also have an additional 7 areas they specialize in which are as follows-[1: Business, Item 1, Medtronic 10K, 2012]Cardio-Vascular - Coronary, Endovascular & Peripheral, Structural heart.Spinal & NavigationNeuro-modulationDiabetesSurgical technologiesThe company operates regional headquarters in Switzerland and Singapore and has approximately 45,000 employees (including full-time equivalent employees). The Board consists of 12 members including Omar Ishrak, who is recently appointed as the Chairman and CEO in June 2011. [2: Employees, Item 1, Medtronic 10K, 2012][3: Seaman, M., & Perrone, M. (2011, May 15). Medtronic hires its new CEO from GE. Journal - Gazette, pp. H.3. ]Their mission statement, written more than 50 years ago, explains their broad organizational goal, "To contribute to human welfare by application of biomedical engineering in the research, design, manufacture and sale of products that alleviate pain, restore health, and extend life". [4: About us- Medtronic Mission, Medtronic website, http://www.medtronic.com/about-medtronic/our-mission/index.htm ]Core offeringsAs of April 27 2012, the company conducted its businesses through two operating segments (as shown in chart below) that manufacture and sell device- based medical therapies.1Medtronic Inc.Cardiac &...