INVACARE HOLDINGS CORP Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE INVACARE WAY ELYRIA, OH 44035 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 58,792 | 83,745 | 105,298 | 80,063 | 116,907 | 176,528 | |||
| Cash and cash equivalents | 58,792 | 83,745 | 105,298 | 80,063 | 116,907 | 176,528 | |||
| Receivables | 88,263 | 117,333 | 108,967 | 117,405 | 121,317 | 126,949 | |||
| Inventory, net of allowances, customer advances and progress billings | 112,561 | 144,274 | 115,484 | 120,500 | 128,123 | 121,933 | |||
| Inventory | 112,561 | 144,274 | 115,484 | 120,500 | 128,123 | 121,933 | |||
| Other current assets | 39,702 | 40,036 | 44,717 | 37,909 | 31,063 | 31,504 | |||
| Total current assets: | 299,318 | 385,388 | 374,466 | 355,877 | 397,410 | 456,914 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 56,272 | 63,029 | 64,031 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 10,737 | 12,600 | 15,092 | ✕ | ✕ | ||||
| Property, plant and equipment | 51,533 | 60,921 | 56,243 | 46,607 | 74,306 | 80,016 | |||
| Intangible assets, net (including goodwill) | 347,950 | 382,231 | 430,224 | 399,850 | 407,779 | 431,527 | |||
| Goodwill | 326,281 | 355,875 | 402,461 | 373,403 | 381,273 | 401,283 | |||
| Intangible assets, net (excluding goodwill) | 21,669 | 26,356 | 27,763 | 26,447 | 26,506 | 30,244 | |||
| Other noncurrent assets | 5,159 | 5,362 | 5,925 | 4,216 | 6,360 | 97,576 | |||
| Other undisclosed noncurrent assets | 45,576 | ||||||||
| Total noncurrent assets: | 471,651 | 524,143 | 571,515 | 496,249 | 488,445 | 609,119 | |||
| TOTAL ASSETS: | 770,969 | 909,531 | 945,981 | 852,126 | 885,855 | 1,066,033 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 210,681 | 236,921 | 215,056 | 209,295 | 196,098 | 216,024 | |||
| Taxes payable | ✕ | ✕ | 3,914 | 3,359 | 345 | 3,762 | 6,761 | ||
| Accounts payable | 104,590 | 130,036 | 85,424 | 88,003 | 92,469 | 90,566 | |||
| Accrued liabilities | 106,091 | 102,971 | 126,273 | 120,947 | 99,867 | 118,697 | |||
| Debt | 154 | 3,107 | 5,612 | 58 | 2,110 | 2,040 | |||
| Restructuring reserve | |||||||||
| Other undisclosed current liabilities | 9,300 | 7,226 | 9,718 | 9,304 | |||||
| Total current liabilities: | 220,135 | 247,254 | 230,386 | 218,657 | 198,208 | 218,064 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 354,087 | 305,022 | 239,441 | 219,464 | 253,535 | 241,405 | |||
| Long-term debt, excluding current maturities | 354,087 | 305,022 | 239,441 | 219,464 | 253,535 | 241,405 | |||
| Finance lease, liability | 57,994 | ✕ | ✕ | ||||||
| Other undisclosed long-term debt and lease obligation | (57,994) | (8,234) | (8,697) | ||||||
| Liabilities, other than long-term debt, including: | 50,402 | 66,796 | 70,474 | 66,949 | 74,965 | 183,270 | |||
| Deferred compensation liability, classified | 4,970 | 6,174 | 5,318 | 5,354 | 5,577 | 5,592 | |||
| Liability for uncertainty in income taxes | 2,891 | 3,171 | 3,114 | 2,612 | 2,140 | 2,738 | |||
| Liability, pension and other postretirement and postemployment benefits | 1,019 | 7,814 | 9,088 | 7,006 | 6,670 | 10,340 | |||
| Other liabilities | 478 | 1,783 | 6,546 | 3,935 | 3,065 | 3,512 | |||
| Operating lease, liability | 7,259 | 8,234 | 8,697 | ✕ | ✕ | ||||
| Other undisclosed liabilities, other than long-term debt | 33,785 | 47,854 | 46,408 | 48,042 | 57,513 | 161,088 | |||
| Total noncurrent liabilities: | 404,489 | 371,818 | 309,915 | 286,413 | 328,500 | 424,675 | |||
| Total liabilities: | 624,624 | 619,072 | 540,301 | 505,070 | 526,708 | 642,739 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 81,092 | 218,489 | 333,846 | 308,516 | 359,147 | 423,294 | |||
| Treasury stock, value | (107,939) | (107,788) | (106,034) | (104,327) | (103,433) | (101,006) | |||
| Additional paid in capital | 281,366 | 276,665 | 326,088 | 312,650 | 297,919 | 290,125 | |||
| Accumulated other comprehensive income (loss) | (24,723) | 16,988 | 45,436 | 3,128 | 12,793 | 36,870 | |||
| Retained earnings (accumulated deficit) | (78,426) | 22,645 | 58,538 | 87,475 | 142,447 | 187,999 | |||
| Other undisclosed equity, attributable to parent | 10,814 | 9,979 | 9,818 | 9,590 | 9,421 | 9,306 | |||
| Total equity: | 81,092 | 218,489 | 333,846 | 308,516 | 359,147 | 423,294 | |||
| Other undisclosed liabilities and equity | 65,253 | 71,970 | 71,834 | 38,540 | |||||
| TOTAL LIABILITIES AND EQUITY: | 770,969 | 909,531 | 945,981 | 852,126 | 885,855 | 1,066,033 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 741,733 | 872,457 | 850,689 | 927,964 | 972,347 | 966,497 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 966,497 | |
| Cost of revenue | (566,340) | (633,351) | (605,437) | (665,897) | (704,671) | (697,246) | ||
| Gross profit: | 175,393 | 239,106 | 245,252 | 262,067 | 267,676 | 269,251 | ||
| Operating expenses | (230,039) | (232,242) | (226,567) | (260,648) | (282,489) | (297,136) | ||
| Other undisclosed operating loss | (25,820) | (31,098) | (7,358) | (11,829) | (3,481) | (12,274) | ||
| Operating income (loss): | (80,466) | (24,234) | 11,327 | (10,410) | (18,294) | (40,159) | ||
| Nonoperating income (Investment Income, Nonoperating) | 295 | 284 | 275 | |||||
| Interest and debt expense | (19,101) | (14,885) | (35,859) | (35,521) | (28,336) | (22,907) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 93 | 1,611 | 12,244 | (3,459) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (99,567) | (39,119) | (24,439) | (44,025) | (34,102) | (66,250) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,566 | 1 | ||||||
| Loss from continuing operations before income taxes: | (98,001) | (39,118) | (24,439) | (44,025) | (34,102) | (66,250) | ||
| Income tax expense | (3,070) | (6,445) | (3,841) | (9,302) | (9,820) | (10,291) | ||
| Loss from continuing operations: | (101,071) | (45,563) | (28,280) | (53,327) | (43,922) | (76,541) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (45,563) | (28,280) | (53,327) | (43,922) | (76,541) | ||
| Net loss available to common stockholders, diluted: | (101,071) | (45,563) | (28,280) | (53,327) | (43,922) | (76,541) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (101,071) | (45,563) | (28,280) | (53,327) | (43,922) | (76,541) | ||
| Other comprehensive income (loss) | (41,711) | (28,448) | 42,308 | (9,665) | (24,077) | 56,205 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (142,782) | (74,011) | 14,028 | (62,992) | (67,999) | (20,336) | ||
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.