THORATEC CORP Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6035 STONERIDGE DR PLEASANTON, CA 94588 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 230,478 | 305,790 | 249,748 | |||
| Cash and cash equivalents | 72,814 | 139,099 | 101,322 | |||
| Short-term investments | 157,664 | 166,691 | 148,426 | |||
| Receivables | 83,625 | 71,418 | 70,471 | |||
| Inventory, net of allowances, customer advances and progress billings | 62,204 | 60,293 | 47,100 | |||
| Inventory | 62,204 | 60,293 | 47,100 | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 7,162 | ||
| Income taxes receivable | ✕ | ✕ | 5,733 | 11,950 | ||
| Other undisclosed current assets | 28,185 | 22,433 | 10,626 | |||
| Total current assets: | 404,492 | 465,667 | 397,057 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 51,231 | 55,163 | 45,892 | |||
| Long-term investments and receivables | 4,239 | 4,234 | 10,607 | |||
| Long-term investments | 4,239 | 4,234 | 10,607 | |||
| Intangible assets, net (including goodwill) | 269,781 | 242,167 | 227,753 | |||
| Goodwill | 225,293 | 205,764 | 194,182 | |||
| Intangible assets, net (excluding goodwill) | 44,488 | 36,403 | 33,571 | |||
| Deferred costs | 6,000 | |||||
| Other noncurrent assets | 34,240 | 24,476 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 17,055 | ||
| Other undisclosed noncurrent assets | (6,000) | |||||
| Total noncurrent assets: | 359,491 | 326,040 | 301,307 | |||
| TOTAL ASSETS: | 763,983 | 791,707 | 698,364 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 66,578 | 40,358 | 45,368 | |||
| Employee-related liabilities | 22,836 | 22,759 | 25,409 | |||
| Accounts payable | 12,662 | 17,599 | 19,959 | |||
| Accrued liabilities | 31,080 | |||||
| Business combination, contingent consideration, liability | 14,902 | ✕ | ✕ | |||
| Other undisclosed current liabilities | 33,963 | 23,318 | ||||
| Total current liabilities: | 81,480 | 74,321 | 68,686 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 56,406 | 20,229 | 19,503 | |||
| Deferred compensation liability, classified | 6,700 | 5,900 | 4,400 | |||
| Deferred tax liabilities, net | 3,592 | 2,224 | 2,780 | |||
| Other liabilities | 14,458 | 12,105 | 12,323 | |||
| Business combination, contingent consideration, liability | 31,656 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (6,700) | 30,484 | 13,432 | |||
| Total noncurrent liabilities: | 49,706 | 50,713 | 32,935 | |||
| Total liabilities: | 131,186 | 125,034 | 101,621 | |||
| Equity | ||||||
| Equity, attributable to parent | 632,797 | 666,673 | 596,743 | |||
| Additional paid in capital | 614,577 | 621,589 | 577,448 | |||
| Accumulated other comprehensive loss | (22,022) | (12,503) | (15,069) | |||
| Retained earnings | 40,242 | 57,587 | 34,364 | |||
| Total equity: | 632,797 | 666,673 | 596,743 | |||
| TOTAL LIABILITIES AND EQUITY: | 763,983 | 791,707 | 698,364 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 477,560 | 502,821 | 491,654 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (161,415) | (163,552) | (150,037) | ||
| Other undisclosed gross profit | (50,242) | ||||
| Gross profit: | 316,145 | 339,269 | 291,375 | ||
| Operating expenses | (246,207) | (241,721) | (215,713) | ||
| Operating income: | 69,938 | 97,548 | 75,662 | ||
| Nonoperating expense | (16,290) | (1,778) | (163) | ||
| Investment income, nonoperating | (3,901) | (3,592) | (2,209) | ||
| Gain (loss), foreign currency transaction, before tax | (12,389) | 1,814 | 2,046 | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 14,445 | 3,985 | 1,818 | ||
| Income from continuing operations before income taxes: | 68,093 | 99,755 | 77,317 | ||
| Income tax expense | (17,702) | (26,429) | (21,154) | ||
| Income from continuing operations: | 50,391 | 73,326 | 56,163 | ||
| Income before gain (loss) on sale of properties: | 50,391 | 73,326 | 56,163 | ||
| Net income attributable to parent: | 50,391 | 73,326 | 56,163 | ||
| Other undisclosed net loss available to common stockholders, basic | (12) | ||||
| Net income available to common stockholders, diluted: | 50,391 | 73,326 | 56,151 | ||
Comprehensive Income ($ in thousands)
| 6/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income: | 50,391 | 73,326 | 56,163 | ||
| Comprehensive income: | 50,391 | 73,326 | 56,163 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (9,519) | 2,566 | 2,964 | ||
| Comprehensive income, net of tax, attributable to parent: | 40,872 | 75,892 | 59,127 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.