Avanos Medical, Inc. (AVNS) Financial Statements (2024 and earlier)

Company Profile

Business Address 5405 WINDWARD PARKWAY
ALPHARETTA, GA 30004
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
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 investments127,700118,500111,500205,300384,500219,700
Cash and cash equivalents127,700118,500111,500205,300384,500219,700
Receivables167,900131,200167,900163,800150,500203,000
Inventory, net of allowances, customer advances and progress billings190,300150,300168,900145,900121,40091,100
Inventory190,300150,300168,900145,900121,40091,100
Disposal group, including discontinued operation     632,500
Other undisclosed current assets13,90018,60018,90023,50057,20014,400
Total current assets:499,800418,600467,200538,500713,6001,160,700
Noncurrent Assets
Operating lease, right-of-use asset30,60038,60048,30064,000
Property, plant and equipment163,900168,100175,300184,500154,100109,900
Intangible assets, net (including goodwill)1,070,400942,800960,200985,200951,800913,600
Goodwill819,400801,600802,500800,900783,600764,700
Intangible assets, net (excluding goodwill)251,000141,200157,700184,300168,200148,900
Deferred income tax assets4,60010,00010,00016,100
Other noncurrent assets17,60016,50011,80011,3007,6004,100
Other undisclosed noncurrent assets     6,3007,600
Total noncurrent assets:1,287,1001,176,0001,205,6001,261,1001,119,8001,035,200
TOTAL ASSETS:1,786,9001,594,6001,672,8001,799,6001,833,4002,195,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities166,800124,500150,800197,800264,300316,100
Accounts payable67,90056,40067,60083,000169,900171,200
Accrued liabilities98,90068,10083,200114,80094,400144,900
Debt6,200  14,700 39,800
Disposal group, including discontinued operation     33,900
Other undisclosed current liabilities12,80014,70015,500   
Total current liabilities:185,800139,200166,300212,500264,300389,800
Noncurrent Liabilities
Long-term debt and lease obligation 226,30042,80053,300310,700247,700541,100
Long-term debt, excluding current maturities 226,300  248,100247,700541,100
Liabilities, other than long-term debt, including:83,60018,70016,70011,20024,20049,600
Deferred income tax liabilities25,4009,6005,700 
Other liabilities23,5009,10011,00011,20019,80031,800
Operating lease, liability34,70042,80053,30062,600
Other undisclosed liabilities, other than long-term debt     4,40017,800
Other undisclosed noncurrent liabilities 130,000180,000   
Total noncurrent liabilities:309,900191,500250,000321,900271,900590,700
Total liabilities:495,700330,700416,300534,400536,200980,500
Equity
Equity, attributable to parent1,291,2001,263,9001,256,5001,265,2001,297,2001,215,400
Common stock500500500500500500
Treasury stock, value(66,800)(21,300)(9,800)(8,900)(5,300)(4,400)
Additional paid in capital1,646,4001,628,8001,609,4001,593,9001,578,1001,550,500
Accumulated other comprehensive loss(35,800)(33,800)(28,100)(32,000)(33,700)(31,300)
Accumulated deficit(253,100)(310,300)(315,500)(288,300)(242,400)(299,900)
Total equity:1,291,2001,263,9001,256,5001,265,2001,297,2001,215,400
TOTAL LIABILITIES AND EQUITY:1,786,9001,594,6001,672,8001,799,6001,833,4002,195,900

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues820,000744,600714,800697,600652,300611,600
Revenue, net611,600
Cost of revenue
(Cost of Goods and Services Sold)
(370,000)(380,300)(341,500)(295,400)(261,400)(274,700)
Gross profit:450,000364,300373,300402,200390,900336,900
Operating expenses(372,500)(332,600)(367,500)(436,800)(382,200)(359,900)
Other operating expense, net(3,500)(22,800)(51,900)(21,100)(8,200)(20,100)
Operating income (loss):74,0008,900(46,100)(55,700)500(43,100)
Nonoperating income
(Investment Income, Nonoperating)
1,2002001,2006,7007,8002,500
Interest and debt expense(10,000)(3,300)(15,600)(15,000)(26,400)(31,600)
Income (loss) from continuing operations before income taxes:65,2005,800(60,500)(64,000)(18,100)(72,200)
Income tax expense (benefit)(14,700)(600)33,30018,1009,60040,100
Income (loss) from continuing operations:50,5005,200(27,200)(45,900)(8,500)(32,100)
Income (loss) before gain (loss) on sale of properties:5,200(27,200)(45,900)89,900(32,100)
Income from discontinued operations     98,400 
Net income (loss):50,5005,200(27,200)(45,900)89,900(32,100)
Other undisclosed net income (loss) attributable to parent    (32,400)111,400
Net income (loss) available to common stockholders, diluted:50,5005,200(27,200)(45,900)57,50079,300

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):50,5005,200(27,200)(45,900)89,900(32,100)
Other comprehensive income (loss) (100)(5,700)3,9001,700(2,400)18,800
Other undisclosed comprehensive loss      
Comprehensive income (loss):50,400(500)(23,300)(44,200)87,500(13,300)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,900)   (32,400)111,400
Comprehensive income (loss), net of tax, attributable to parent:48,500(500)(23,300)(44,200)55,10098,100

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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