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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101,020116,69884,696106,112107,470151,812
Cash and cash equivalents101,020116,69884,696106,112107,470151,812
Receivables59,93262,41560,06050,72343,92840,438
Inventory, net of allowances, customer advances and progress billings119,957108,242101,521102,159102,79699,043
Inventory119,957108,242101,521102,159102,79699,043
Other undisclosed current assets18,75811,7989,3579,71811,04512,085
Total current assets:299,667299,153255,634268,712265,239303,378
Noncurrent Assets
Operating lease, right-of-use asset27,42128,06328,36028,45128,11624,661
Property, plant and equipment119,372109,750101,95298,90899,18396,185
Intangible assets, net (including goodwill)178,035129,003122,556117,331117,781122,921
Goodwill72,52747,92439,77537,59339,17040,831
Intangible assets, net (excluding goodwill)105,50881,07982,78179,73878,61182,090
Other noncurrent assets3,7393,7244,8742,8811,6161,544
Total noncurrent assets:328,567270,540257,742247,571246,696245,311
TOTAL ASSETS:628,234569,693513,376516,283511,935548,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43,69839,07077,56233,37433,15734,036
Accounts payable43,69839,07034,74233,37433,15734,036
Accrued liabilities   42,820   
Deferred revenue13,89513,93811,95612,29313,85014,893
Debt4,41432,13629,89627,10028,5323,578
Estimated litigation liability   3,9684,4004,4004,400
Other undisclosed current liabilities76,74057,76015,48848,32041,37258,997
Total current liabilities:138,747142,904138,870125,487121,311115,904
Noncurrent Liabilities
Long-term debt and lease obligation455,341419,455349,511375,276340,732350,573
Long-term debt, excluding current maturities455,341419,455349,511348,324313,397326,639
Liabilities, other than long-term debt38,69642,09338,10514,48615,75016,625
Other liabilities13,40916,18611,54314,48615,75016,625
Operating lease, liability25,28725,90726,56226,95227,33523,934
Total noncurrent liabilities:494,037461,548387,616389,762356,482367,198
Total liabilities:632,784604,452526,486515,249477,793483,102
Temporary equity, carrying amount23,60323,60323,60323,60323,60323,603
Equity
Equity, attributable to parent(28,153)(58,362)(36,713)(22,569)10,53941,984
Common stock121211111110
Treasury stock, value(25,097)(25,097)(25,097)(25,097)(25,097)(25,097)
Additional paid in capital1,033,673952,265933,537919,319910,577899,414
Accumulated other comprehensive loss(9,511)(9,689)(10,690)(17,314)(12,463)(7,174)
Accumulated deficit(1,027,230)(975,853)(934,474)(899,488)(862,489)(825,169)
Total equity:(28,153)(58,362)(36,713)(22,569)10,53941,984
TOTAL LIABILITIES AND EQUITY:628,234569,693513,376516,283511,935548,689

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues116,920109,110105,94489,83984,15170,933
Cost of revenue(52,379)(38,685)(37,093)(30,323)(28,675)(21,717)
Gross profit:64,54170,42568,85159,51655,47649,216
Operating expenses(114,400)(110,772)(103,878)(94,486)(91,225)(90,445)
Operating loss:(49,859)(40,347)(35,027)(34,970)(35,749)(41,229)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2,3247061,049(615)67(30)
Interest and debt expense(3,892)(3,874)(1,329)(1,285)(1,435)(1,456)
Loss from continuing operations before income taxes:(51,427)(43,515)(35,307)(36,870)(37,117)(42,715)
Income tax expense (benefit)50(14)321(129)(203)(129)
Loss from continuing operations:(51,377)(43,529)(34,986)(36,999)(37,320)(42,844)
Loss before gain (loss) on sale of properties:(36,999)(37,320)(42,844)
Net loss available to common stockholders, diluted:(51,377)(43,529)(34,986)(36,999)(37,320)(42,844)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(51,377)(43,529)(34,986)(36,999)(37,320)(42,844)
Comprehensive loss:(51,377)(43,529)(34,986)(36,999)(37,320)(42,844)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1781,1056,624(4,851)(5,289)(1,180)
Comprehensive loss, net of tax, attributable to parent:(51,199)(42,424)(28,362)(41,850)(42,609)(44,024)

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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