Arthrocare Corp (ARTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 7000 W. WILLIAM CANNON DRIVE
AUSTIN, TX 78735
State of Incorp. DE
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)

3/31/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 214,853218,787
Cash and cash equivalents 214,853218,787
Receivables 52,81048,881
Inventory, net of allowances, customer advances and progress billings46,28848,417
Inventory 46,28848,417
Prepaid expense and other current assets6,022
Other undisclosed current assets 18,42720,090
Total current assets: 332,378342,197
Noncurrent Assets
Property, plant and equipment 51,24430,461
Intangible assets, net (including goodwill)180,534121,752
Goodwill 165,953119,893
Intangible assets, net (excluding goodwill) 14,5811,859
Other noncurrent assets 4,143
Prepaid expense and other noncurrent assets2,171
Other undisclosed noncurrent assets 25,84223,206
Total noncurrent assets: 261,763177,590
TOTAL ASSETS: 594,141519,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 104,01271,180
Taxes payable 1,372286
Employee-related liabilities 19,36717,031
Accounts payable 18,32512,189
Accrued liabilities 64,94841,674
Deferred revenue and credits 350285
Deferred tax liabilities 333
Other undisclosed current liabilities (19,367)(17,031)
Total current liabilities: 84,99854,467
Noncurrent Liabilities
Liabilities, other than long-term debt 23,45435,354
Deferred tax liabilities, net 249354
Liability for uncertainty in income taxes 1,90014,800
Other liabilities 21,30520,200
Other undisclosed noncurrent liabilities (1,900)(14,800)
Total noncurrent liabilities: 21,55420,554
Total liabilities: 106,55275,021
Temporary equity, carrying amount 84,494 
Equity
Equity, attributable to parent 403,095364,007
Common stock 2828
Treasury stock, value (105,798)(106,425)
Additional paid in capital 429,979413,660
Accumulated other comprehensive income 5,1215,300
Retained earnings 73,76551,444
Other undisclosed equity  80,759
Total equity: 403,095444,766
TOTAL LIABILITIES AND EQUITY: 594,141519,787

Income Statement (P&L) ($ in thousands)

3/31/2014
TTM
12/31/2013
12/31/2012
Revenues 377,989368,454
Revenue, net 358,564350,671
Cost of revenue
(Cost of Goods and Services Sold)
 (116,264)(107,951)
Gross profit: 261,725260,503
Operating expenses (229,760)(196,369)
Operating income: 31,96564,134
Nonoperating expense (850)(427)
Loss, foreign currency transaction, before tax (1,524)(257)
Other nonoperating income 2,648678
Income from continuing operations before income taxes: 31,11563,707
Income tax expense (5,059)(17,329)
Income from continuing operations: 26,05646,378
Income before gain (loss) on sale of properties: 26,05646,378
Net income attributable to parent: 26,05646,378
Preferred stock dividends and other adjustments (3,735)(3,575)
Net income available to common stockholders, diluted: 22,32142,803

Comprehensive Income ($ in thousands)

3/31/2014
TTM
12/31/2013
12/31/2012
Net income: 26,05646,378
Comprehensive income: 26,05646,378
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (179)685
Comprehensive income, net of tax, attributable to parent: 25,87747,063

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.

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