Artivion Inc. (AORT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1655 ROBERTS BOULEVARD N W KENNESAW, GA 30144 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3841 - Surgical and Medical Instruments and Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 58,940 | 39,351 | 55,010 | 61,412 | 33,766 | 41,489 | |||
| Cash and cash equivalents | 58,940 | 39,351 | 55,010 | 61,412 | 33,766 | 41,489 | |||
| Restricted cash and investments | 546 | 528 | 747 | ||||||
| Receivables | 74,138 | 69,584 | 58,105 | 48,752 | 55,861 | 51,432 | |||
| Inventory, net of allowances, customer advances and progress billings | 81,976 | 74,478 | 76,971 | 73,038 | 53,071 | 45,478 | |||
| Inventory | 81,976 | 74,478 | 76,971 | 73,038 | 53,071 | 45,478 | |||
| Other undisclosed current assets | 65,614 | 63,921 | 57,611 | 50,841 | 44,164 | 40,022 | |||
| Total current assets: | 280,668 | 247,334 | 247,697 | 234,589 | 187,390 | 179,168 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3,726 | ✕ | |||||||
| Operating lease, right-of-use asset | 43,822 | 41,859 | 45,714 | 18,571 | 21,994 | ✕ | |||
| Property, plant and equipment | 38,674 | 37,521 | 33,077 | 32,150 | 31,028 | ||||
| Intangible assets, net (including goodwill) | 419,568 | 426,278 | 284,502 | 487,118 | 344,431 | 348,862 | |||
| Goodwill | 247,337 | 243,631 | 250,000 | 260,061 | 186,697 | 188,781 | |||
| Intangible assets, net (excluding goodwill) | 172,231 | 182,647 | 34,502 | 227,057 | 157,734 | 160,081 | |||
| Restricted cash and investments | 10,015 | ||||||||
| Deferred income tax assets | 1,087 | 1,314 | 2,357 | 1,446 | 5,481 | ✕ | |||
| Other noncurrent assets | 8,894 | 7,339 | 8,267 | 14,603 | 14,208 | 7,922 | |||
| Other undisclosed noncurrent assets | 34,632 | 156,979 | 4,111 | ||||||
| Total noncurrent assets: | 511,729 | 515,464 | 545,355 | 554,815 | 418,264 | 391,923 | |||
| TOTAL ASSETS: | 792,397 | 762,798 | 793,052 | 789,404 | 605,654 | 571,091 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 26,050 | 40,823 | 34,879 | 30,095 | 31,773 | 27,723 | |||
| Taxes payable | ✕ | ✕ | 2,635 | 3,634 | 2,808 | 2,984 | 2,250 | ||
| Employee-related liabilities | ✕ | ✕ | 13,810 | 13,163 | 10,192 | 12,260 | 10,733 | ||
| Accounts payable | 13,318 | 12,004 | 10,395 | 9,623 | 9,796 | 7,547 | |||
| Accrued liabilities | 12,732 | 12,374 | 7,687 | 7,472 | 6,733 | 7,193 | |||
| Debt | 2,033 | 2,121 | 2,158 | 1,809 | 7,248 | 1,889 | |||
| Deferred compensation liability | 491 | 378 | |||||||
| Liability for uncertainty in income taxes | 100 | 100 | 300 | 300 | 300 | 286 | |||
| Business combination, contingent consideration, liability | 16,430 | ||||||||
| Other liabilities | 2,390 | 1,312 | 1,078 | 2,752 | 1,812 | 1,603 | |||
| Other undisclosed current liabilities | 26,798 | 5,319 | 6,160 | 9,082 | 4,062 | 3,022 | |||
| Total current liabilities: | 57,862 | 49,675 | 44,953 | 60,468 | 45,195 | 34,523 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 308,936 | 310,143 | 356,736 | 309,802 | 237,904 | 221,658 | |||
| Long-term debt, excluding current maturities | 305,531 | 306,499 | 307,493 | 290,468 | 214,571 | 215,721 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,937 | ||
| Finance lease, liability | 3,405 | 3,644 | 4,374 | 5,300 | 5,415 | ✕ | |||
| Liabilities, other than long-term debt | 143,819 | 118,651 | 90,635 | 90,421 | 36,859 | 39,843 | |||
| Accounts payable and accrued liabilities | 2,457 | ||||||||
| Deferred compensation liability, classified | 6,760 | 5,468 | 5,952 | 5,518 | 4,434 | 3,250 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 27,267 | ||
| Deferred income tax liabilities | 21,851 | 24,499 | 28,799 | 34,713 | 25,844 | ✕ | |||
| Other liabilities | 7,341 | 7,027 | 6,484 | 6,690 | 6,581 | 6,869 | |||
| Operating lease, liability | 43,977 | 41,257 | 44,869 | 14,034 | 17,918 | ✕ | |||
| Business combination, contingent consideration, liability | 63,890 | 40,400 | 49,400 | 43,500 | |||||
| Total noncurrent liabilities: | 452,755 | 428,794 | 447,371 | 400,223 | 274,763 | 261,501 | |||
| Total liabilities: | 510,617 | 478,469 | 492,324 | 460,691 | 319,958 | 296,024 | |||
| Equity | |||||||||
| Equity, attributable to parent | 281,780 | 284,329 | 300,728 | 328,713 | 285,696 | 275,067 | |||
| Common stock | 426 | 418 | 414 | 404 | 390 | 385 | |||
| Treasury stock, value | (14,648) | (14,648) | (14,648) | (14,648) | (14,591) | (14,591) | |||
| Additional paid in capital | 355,919 | 337,385 | 322,874 | 316,192 | 271,782 | 260,361 | |||
| Accumulated other comprehensive income (loss) | (12,010) | (21,609) | (9,887) | 6,743 | (8,589) | (6,072) | |||
| Retained earnings (accumulated deficit) | (47,907) | (17,217) | 1,975 | 20,022 | 36,704 | 34,984 | |||
| Total equity: | 281,780 | 284,329 | 300,728 | 328,713 | 285,696 | 275,067 | |||
| TOTAL LIABILITIES AND EQUITY: | 792,397 | 762,798 | 793,052 | 789,404 | 605,654 | 571,091 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 354,004 | 313,789 | 298,836 | 253,227 | 276,222 | 262,841 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (124,828) | (111,266) | (101,322) | (85,443) | (93,209) | (89,857) | ||
| Gross profit: | 229,176 | 202,523 | 197,514 | 167,784 | 183,013 | 172,984 | ||
| Operating expenses | (237,684) | (196,322) | (205,320) | (165,343) | (165,971) | (163,672) | ||
| Other undisclosed operating income | 14,250 | 15,923 | ||||||
| Operating income: | 5,742 | 6,201 | 8,117 | 2,441 | 17,042 | 9,312 | ||
| Nonoperating income (expense) | (2,029) | (2,961) | (6,057) | (2,917) | (512) | 85 | ||
| Investment income, nonoperating | 1,077 | 147 | 79 | 217 | 738 | 226 | ||
| Other nonoperating income (expense) | (3,106) | (3,108) | (6,136) | (3,134) | (1,250) | (141) | ||
| Interest and debt expense | (25,299) | (18,224) | (16,900) | (16,700) | (14,900) | (15,800) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2 | 14 | 12 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (21,586) | (14,984) | (14,840) | (17,174) | 1,644 | (6,391) | ||
| Other undisclosed income from continuing operations before income taxes | 13 | |||||||
| Income (loss) from continuing operations before income taxes: | (21,586) | (14,984) | (14,827) | (17,174) | 1,644 | (6,391) | ||
| Income tax expense (benefit) | (9,104) | (4,208) | (7) | 492 | 76 | 3,551 | ||
| Income (loss) from continuing operations: | (30,690) | (19,192) | (14,834) | (16,682) | 1,720 | (2,840) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (14,834) | (16,682) | 1,720 | (2,840) | |
| Net income (loss) attributable to parent: | (30,690) | (19,192) | (14,834) | (16,682) | 1,720 | (2,840) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 123 | 98 | 94 | 111 | (12) | 27 | ||
| Net income (loss) available to common stockholders, basic: | (30,567) | (19,094) | (14,740) | (16,571) | 1,708 | (2,813) | ||
| Interest on convertible debt | ||||||||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | (30,567) | (19,094) | (14,740) | (16,571) | 1,708 | (2,813) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (30,690) | (19,192) | (14,834) | (16,682) | 1,720 | (2,840) | ||
| Other comprehensive income (loss) | 15,332 | (2,517) | (7,929) | |||||
| Comprehensive loss: | (30,690) | (19,192) | (14,834) | (1,350) | (797) | (10,769) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 9,599 | (11,722) | (16,630) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (21,091) | (30,914) | (31,464) | (1,350) | (797) | (10,769) | ||
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.