Alphatec Holdings, Inc. (ATEC) financial statements (2022 and earlier)

Company profile

Business Address 5818 EL CAMINO REAL
CARLSBAD, CA 92008
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187,248223,86876,581191,137107,76515,67831,163
Cash and cash equivalents187,248223,86876,581191,137107,76515,67831,163
Receivables41,89333,67634,81926,82724,60325,20420,362
Inventory, net of allowances, customer advances and progress billings91,70392,50986,71557,37646,00142,14441,466
Inventory91,70392,50986,71557,37646,00142,14441,466
Disposal group, including discontinued operation  136348352335322
Other undisclosed current assets10,3137,1098,1083,4335,4393,3212,651
Total current assets:331,157357,162206,359279,121184,16086,68295,964
Noncurrent Assets
Operating lease, right-of-use asset25,28326,64726,60421,7041,1771,5301,333
Property, plant and equipment87,40177,21466,05156,12436,67027,68124,671
Long-term investments and receivables   1,313   
Long-term investments   1,313   
Intangible assets, net (including goodwill)124,963133,175138,17038,02638,61738,18038,621
Goodwill39,68944,33545,18913,89713,89713,89713,897
Intangible assets, net (excluding goodwill)85,27488,84092,98124,12924,72024,28324,724
Disposal group, including discontinued operation, noncurrent assets  5755585553
Other noncurrent assets3,2493,9103,786541541549493
Other undisclosed noncurrent assets   7,619   
Total noncurrent assets:240,896240,946234,668125,38277,06367,99565,171
TOTAL ASSETS:572,053598,108441,027404,503261,223154,677161,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,67973,42373,26763,14652,83044,89040,592
Accounts payable25,73729,43829,81226,41617,59913,91015,955
Accrued liabilities12,44443,98543,45536,73035,23130,98024,637
Employee-related liabilities18,449      
Taxes payable3,004      
Interest and dividends payable1,045      
Deferred revenue15,25516,67020,392    
Debt6846,11910,9885,3744,2001,672399
Estimated litigation liability4,400      
Disposal group, including discontinued operation  141143397395400
Other undisclosed current liabilities20,0773,8592,7771,4868851,2081,404
Total current liabilities:101,095100,071107,56570,14958,31248,16542,795
Noncurrent Liabilities
Long-term debt and lease obligation, including:350,872345,92581,20238,58038,03465,76466,073
Long-term debt, excluding current maturities326,489320,97455,78938,58038,03465,76466,073
Operating lease, liability24,38324,95125,41320,7524156191
Other undisclosed long-term debt and lease obligation   (20,752)(41)(56)(191)
Liabilities, other than long-term debt17,06116,75215,14311,28911,3539,0389,651
Other liabilities17,06116,75215,14311,28911,3539,0389,651
Total noncurrent liabilities:367,933362,67796,34549,86949,38774,80275,724
Total liabilities:469,028462,748203,910120,018107,699122,967118,519
Temporary equity, carrying amount23,60323,60323,603 23,60323,60323,603
Stockholders' equity
Stockholders' equity attributable to parent, including:79,422111,757213,514108,292129,8808,05118,822
Common stock1010108866
Treasury stock, value(25,097)(25,097)(97)(97)(97)(97)(97)
Additional paid in capital892,828883,296914,659774,031770,764623,162618,282
Accumulated other comprehensive income (loss)(5,994)(3,614)(151)(1,848)1,2041,1811,163
Accumulated deficit(782,325)(742,138)(699,107)(660,902)(637,999)(611,201)(595,532)
Other undisclosed stockholders' equity attributable to parent (700)(1,800)(2,900)(4,000)(5,000)(5,000)
Total stockholders' equity:79,422111,757213,514108,292129,8808,05118,822
Other undisclosed liabilities and equity   176,1934156191
TOTAL LIABILITIES AND EQUITY:572,053598,108441,027404,503261,223154,677161,135

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues73,96262,88062,24944,12143,95441,16329,629
Cost of revenue(28,737)(23,266)(21,184)(12,263)(12,563)(11,926)(8,787)
Cost of goods and services sold(4,305)  (2,096)(1,615)  
Gross profit:45,22539,61441,06531,85831,39129,23720,842
Operating expenses(83,364)(74,735)(76,817)(50,904)(48,427)(42,098)(32,000)
Operating loss:(38,139)(35,121)(35,752)(19,046)(17,036)(12,861)(11,158)
Nonoperating income (expense)(543)886(16)  (6)(4,587)
Other nonoperating income (expense)(543)886(16)  (6) 
Interest and debt expense(1,504)(8,706)(2,394)(1,938)(9,763)(2,762)(1,555)
Other undisclosed income from continuing operations before equity method investments, income taxes    6  
Loss from continuing operations before equity method investments, income taxes:(40,186)(42,941)(38,162)(20,984)(26,793)(15,629)(17,300)
Other undisclosed income (loss) from continuing operations before income taxes   (1,889)  1,555
Loss from continuing operations before income taxes:(40,186)(42,941)(38,162)(22,873)(26,793)(15,629)(15,745)
Income tax expense(1)(90)(43)(30)(5)(40)(60)
Net loss available to common stockholders, diluted:(40,187)(43,031)(38,205)(22,903)(26,798)(15,669)(15,805)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(40,187)(43,031)(38,205)(22,903)(26,798)(15,669)(15,805)
Comprehensive loss:(40,187)(43,031)(38,205)(22,903)(26,798)(15,669)(15,805)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,380)(3,463)1,697(3,052)23186
Comprehensive loss, net of tax, attributable to parent:(42,567)(46,494)(36,508)(25,955)(26,775)(15,651)(15,799)

Statements sources

The financial statements are based on the company's filings with the 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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