Alphatec Holdings, Inc. (ATEC) Financial Statements (2023 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)

6/30/2023
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 investments84,696187,248107,76547,11329,05422,466
Cash and cash equivalents84,696187,248107,76547,11329,05422,466
Receivables60,06041,89324,60316,15015,44514,822
Inventory, net of allowances, customer advances and progress billings101,52191,70346,00134,85428,76527,292
Inventory101,52191,70346,00134,85428,76527,292
Disposal group, including discontinued operation   352321242131
Other undisclosed current assets9,35710,3135,4399,8802,0301,767
Total current assets:255,634331,157184,160108,31875,53666,478
Noncurrent Assets
Operating lease, right-of-use asset28,36025,2831,1771,860
Property, plant and equipment101,95287,40136,67019,72213,23512,670
Intangible assets, net (including goodwill)122,556124,96338,61739,50240,3055,248
Goodwill39,77539,68913,89713,89713,897 
Intangible assets, net (excluding goodwill)82,78185,27424,72025,60526,4085,248
Disposal group, including discontinued operation, noncurrent assets   58535456
Other noncurrent assets4,8743,249541493347208
Total noncurrent assets:257,742240,89677,06361,63053,94118,182
TOTAL ASSETS:513,376572,053261,223169,948129,47784,660
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities77,56260,67952,83034,18826,71526,124
Interest and dividends payable1,045    
Taxes payable3,004    
Employee-related liabilities18,449    
Accounts payable34,74225,73717,5997,7724,3993,878
Accrued liabilities 42,82012,44435,23126,41622,31622,246
Deferred revenue11,95615,255  
Debt29,8966844,2004893,2763,306
Estimated litigation liability 3,9684,400    
Disposal group, including discontinued operation   397399621312
Other undisclosed current liabilities15,48820,0778851,314  
Total current liabilities:138,870101,09558,31236,39030,61229,742
Noncurrent Liabilities
Long-term debt and lease obligation, including:349,511350,87238,03453,44842,29937,767
Long-term debt, excluding current maturities349,511326,48938,03453,44842,29937,767
Capital lease obligations92129
Other undisclosed long-term debt and lease obligation   (41)(925)(92)(129)
Liabilities, other than long-term debt38,10517,06111,35311,95115,38920,206
Other liabilities11,54317,06111,35311,95115,38920,206
Operating lease, liability26,56224,38341925
Total noncurrent liabilities:387,616367,93349,38765,39957,68857,973
Total liabilities:526,486469,028107,699101,78988,30087,715
Temporary equity, carrying amount23,60323,60323,60323,60323,60323,603
Equity
Equity, attributable to parent, including:(36,713)79,422129,88043,63117,574(26,658)
Common stock11108642
Treasury stock, value(25,097)(25,097)(97)(97)(97)(97)
Additional paid in capital933,537892,828770,764606,558523,525436,803
Accumulated other comprehensive income (loss)(10,690)(5,994)1,2041,0881,0641,093
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)79,422129,88043,63117,574(26,658)
Other undisclosed liabilities and equity   41925  
TOTAL LIABILITIES AND EQUITY:513,376572,053261,223169,948129,47784,660

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues350,867243,212144,861113,42791,694101,739
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:233,059157,762102,50177,59463,23762,333
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)2391,36134
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)

6/30/2023
TTM
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.

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