Alphatec Holdings, Inc. (ATEC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5818 EL CAMINO REAL CARLSBAD, CA 92008 |
| 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)
| 12/31/2023 | 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 | 84,696 | 187,248 | 107,765 | 47,113 | 29,054 | 22,466 | |||
| Cash and cash equivalents | 84,696 | 187,248 | 107,765 | 47,113 | 29,054 | 22,466 | |||
| Receivables | 60,060 | 41,893 | 24,603 | 16,150 | 15,445 | 14,822 | |||
| Inventory, net of allowances, customer advances and progress billings | 101,521 | 91,703 | 46,001 | 34,854 | 28,765 | 27,292 | |||
| Inventory | 101,521 | 91,703 | 46,001 | 34,854 | 28,765 | 27,292 | |||
| Disposal group, including discontinued operation | 352 | 321 | 242 | 131 | |||||
| Other undisclosed current assets | 9,357 | 10,313 | 5,439 | 9,880 | 2,030 | 1,767 | |||
| Total current assets: | 255,634 | 331,157 | 184,160 | 108,318 | 75,536 | 66,478 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 28,360 | 25,283 | 1,177 | 1,860 | ✕ | ✕ | |||
| Property, plant and equipment | 101,952 | 87,401 | 36,670 | 19,722 | 13,235 | 12,670 | |||
| Intangible assets, net (including goodwill) | 122,556 | 124,963 | 38,617 | 39,502 | 40,305 | 5,248 | |||
| Goodwill | 39,775 | 39,689 | 13,897 | 13,897 | 13,897 | ||||
| Intangible assets, net (excluding goodwill) | 82,781 | 85,274 | 24,720 | 25,605 | 26,408 | 5,248 | |||
| Disposal group, including discontinued operation, noncurrent assets | 58 | 53 | 54 | 56 | |||||
| Other noncurrent assets | 4,874 | 3,249 | 541 | 493 | 347 | 208 | |||
| Total noncurrent assets: | 257,742 | 240,896 | 77,063 | 61,630 | 53,941 | 18,182 | |||
| TOTAL ASSETS: | 513,376 | 572,053 | 261,223 | 169,948 | 129,477 | 84,660 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 77,562 | 60,679 | 52,830 | 34,188 | 26,715 | 26,124 | |||
| Interest and dividends payable | ✕ | ✕ | 1,045 | ||||||
| Taxes payable | ✕ | ✕ | 3,004 | ||||||
| Employee-related liabilities | ✕ | ✕ | 18,449 | ||||||
| Accounts payable | 34,742 | 25,737 | 17,599 | 7,772 | 4,399 | 3,878 | |||
| Accrued liabilities | 42,820 | 12,444 | 35,231 | 26,416 | 22,316 | 22,246 | |||
| Deferred revenue | 11,956 | 15,255 | ✕ | ✕ | |||||
| Debt | 29,896 | 684 | 4,200 | 489 | 3,276 | 3,306 | |||
| Estimated litigation liability | 3,968 | 4,400 | |||||||
| Disposal group, including discontinued operation | 397 | 399 | 621 | 312 | |||||
| Other undisclosed current liabilities | 15,488 | 20,077 | 885 | 1,314 | |||||
| Total current liabilities: | 138,870 | 101,095 | 58,312 | 36,390 | 30,612 | 29,742 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 349,511 | 350,872 | 38,034 | 53,448 | 42,299 | 37,767 | |||
| Long-term debt, excluding current maturities | 349,511 | 326,489 | 38,034 | 53,448 | 42,299 | 37,767 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 92 | 129 | ||
| Other undisclosed long-term debt and lease obligation | (41) | (925) | (92) | (129) | |||||
| Liabilities, other than long-term debt | 38,105 | 17,061 | 11,353 | 11,951 | 15,389 | 20,206 | |||
| Other liabilities | 11,543 | 17,061 | 11,353 | 11,951 | 15,389 | 20,206 | |||
| Operating lease, liability | 26,562 | 24,383 | 41 | 925 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 387,616 | 367,933 | 49,387 | 65,399 | 57,688 | 57,973 | |||
| Total liabilities: | 526,486 | 469,028 | 107,699 | 101,789 | 88,300 | 87,715 | |||
| Temporary equity, carrying amount | 23,603 | 23,603 | 23,603 | 23,603 | 23,603 | 23,603 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (36,713) | 79,422 | 129,880 | 43,631 | 17,574 | (26,658) | |||
| Common stock | 11 | 10 | 8 | 6 | 4 | 2 | |||
| Treasury stock, value | (25,097) | (25,097) | (97) | (97) | (97) | (97) | |||
| Additional paid in capital | 933,537 | 892,828 | 770,764 | 606,558 | 523,525 | 436,803 | |||
| Accumulated other comprehensive income (loss) | (10,690) | (5,994) | 1,204 | 1,088 | 1,064 | 1,093 | |||
| Accumulated deficit | (934,474) | (782,325) | (637,999) | (558,924) | (501,922) | (459,459) | |||
| Other undisclosed equity, attributable to parent | (4,000) | (5,000) | (5,000) | (5,000) | |||||
| Total equity: | (36,713) | 79,422 | 129,880 | 43,631 | 17,574 | (26,658) | |||
| Other undisclosed liabilities and equity | 41 | 925 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 513,376 | 572,053 | 261,223 | 169,948 | 129,477 | 84,660 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 350,867 | 243,212 | 144,861 | 113,427 | 91,694 | 101,739 | ||
| Cost of revenue | (117,808) | (85,450) | (42,360) | (35,833) | (28,457) | (39,406) | ||
| Cost of goods and services sold | (9,792) | (11,147) | (7,044) | (8,624) | (4,842) | |||
| Gross profit: | 233,059 | 157,762 | 102,501 | 77,594 | 63,237 | 62,333 | ||
| Operating expenses | (380,034) | (285,819) | (161,364) | (124,870) | (85,677) | (71,336) | ||
| Operating loss: | (146,975) | (128,057) | (58,863) | (47,276) | (22,440) | (9,003) | ||
| Nonoperating income (expense) | 471 | (1,563) | (9,865) | (7,729) | 4,429 | |||
| Other nonoperating income (expense) | 471 | (1,563) | (9,865) | (133) | ||||
| Interest and debt expense | (5,505) | (14,542) | (19,986) | (590) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (100) | 590 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (152,009) | (144,162) | (78,849) | (57,241) | (30,169) | (4,574) | ||
| Other undisclosed income from continuing operations before income taxes | 100 | |||||||
| Loss from continuing operations before income taxes: | (152,009) | (144,162) | (78,849) | (57,141) | (30,169) | (4,574) | ||
| Income tax expense (benefit) | (140) | (164) | (145) | 239 | 1,361 | 34 | ||
| Loss from continuing operations: | (152,149) | (144,326) | (78,994) | (56,902) | (28,808) | (4,540) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (144,326) | (78,994) | (56,902) | (28,808) | (4,540) | |
| Net loss: | (152,149) | (144,326) | (78,994) | (56,902) | (28,808) | (4,540) | ||
| Other undisclosed net income (loss) attributable to parent | (100) | (167) | 2,246 | |||||
| Net loss attributable to parent: | (152,149) | (144,326) | (78,994) | (57,002) | (28,975) | (2,294) | ||
| Other undisclosed net loss available to common stockholders, basic | (13,488) | |||||||
| Net loss available to common stockholders, diluted: | (152,149) | (144,326) | (78,994) | (57,002) | (42,463) | (2,294) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (152,149) | (144,326) | (78,994) | (56,902) | (28,808) | (4,540) | ||
| Comprehensive loss: | (152,149) | (144,326) | (78,994) | (56,902) | (28,808) | (4,540) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (4,696) | (7,198) | 116 | (76) | (196) | 2,369 | ||
| Comprehensive loss, net of tax, attributable to parent: | (156,845) | (151,524) | (78,878) | (56,978) | (29,004) | (2,171) | ||
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.