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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments87,700127,700118,500111,500205,300384,500
Cash and cash equivalents87,700127,700118,500111,500205,300384,500
Receivables142,800167,900131,200167,900163,800150,500
Inventory, net of allowances, customer advances and progress billings163,200190,300150,300168,900145,900121,400
Inventory163,200190,300150,300168,900145,900121,400
Disposal group, including discontinued operation64,500     
Other undisclosed current assets28,80013,90018,60018,90023,50057,200
Total current assets:487,000499,800418,600467,200538,500713,600
Noncurrent Assets
Operating lease, right-of-use asset26,80030,60038,60048,30064,000
Property, plant and equipment117,200163,900168,100175,300184,500154,100
Intangible assets, net (including goodwill)1,035,6001,070,400942,800960,200985,200951,800
Goodwill796,100819,400801,600802,500800,900783,600
Intangible assets, net (excluding goodwill)239,500251,000141,200157,700184,300168,200
Deferred income tax assets6,5004,60010,00010,00016,100
Other noncurrent assets19,30017,60016,50011,80011,3007,600
Other undisclosed noncurrent assets      6,300
Total noncurrent assets:1,205,4001,287,1001,176,0001,205,6001,261,1001,119,800
TOTAL ASSETS:1,692,4001,786,9001,594,6001,672,8001,799,6001,833,400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149,500166,800124,500150,800197,800264,300
Accounts payable56,30067,90056,40067,60083,000169,900
Accrued liabilities93,20098,90068,10083,200114,80094,400
Debt8,6006,200  14,700 
Disposal group, including discontinued operation63,700     
Other undisclosed current liabilities12,80012,80014,70015,500  
Total current liabilities:234,600185,800139,200166,300212,500264,300
Noncurrent Liabilities
Long-term debt and lease obligation  226,30042,80053,300310,700247,700
Long-term debt, excluding current maturities  226,300  248,100247,700
Liabilities, other than long-term debt, including:62,10083,60018,70016,70011,20024,200
Deferred income tax liabilities23,80025,4009,6005,700 
Other liabilities10,00023,5009,10011,00011,20019,800
Operating lease, liability28,30034,70042,80053,30062,600
Other undisclosed liabilities, other than long-term debt      4,400
Other undisclosed noncurrent liabilities159,400 130,000180,000  
Total noncurrent liabilities:221,500309,900191,500250,000321,900271,900
Total liabilities:456,100495,700330,700416,300534,400536,200
Equity
Equity, attributable to parent1,236,3001,291,2001,263,9001,256,5001,265,2001,297,200
Common stock500500500500500500
Treasury stock, value(85,900)(66,800)(21,300)(9,800)(8,900)(5,300)
Additional paid in capital1,663,6001,646,4001,628,8001,609,4001,593,9001,578,100
Accumulated other comprehensive loss(27,000)(35,800)(33,800)(28,100)(32,000)(33,700)
Accumulated deficit(314,900)(253,100)(310,300)(315,500)(288,300)(242,400)
Total equity:1,236,3001,291,2001,263,9001,256,5001,265,2001,297,200
TOTAL LIABILITIES AND EQUITY:1,692,4001,786,9001,594,6001,672,8001,799,6001,833,400

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues673,300820,000744,600714,800697,600652,300
Cost of revenue
(Cost of Goods and Services Sold)
(293,600)(370,000)(380,300)(341,500)(295,400)(261,400)
Gross profit:379,700450,000364,300373,300402,200390,900
Operating expenses(362,200)(372,500)(332,600)(367,500)(436,800)(382,200)
Other operating expense, net(13,300)(3,500)(22,800)(51,900)(21,100)(8,200)
Operating income (loss):4,20074,0008,900(46,100)(55,700)500
Nonoperating income
(Investment Income, Nonoperating)
2,9001,2002001,2006,7007,800
Interest and debt expense(15,000)(10,000)(3,300)(15,600)(15,000)(26,400)
Income (loss) from continuing operations before income taxes:(7,900)65,2005,800(60,500)(64,000)(18,100)
Income tax expense (benefit)(2,000)(14,700)(600)33,30018,1009,600
Income (loss) from continuing operations:(9,900)50,5005,200(27,200)(45,900)(8,500)
Income (loss) before gain (loss) on sale of properties:5,200(27,200)(45,900)89,900
Income from discontinued operations      98,400
Net income (loss):(9,900)50,5005,200(27,200)(45,900)89,900
Other undisclosed net loss attributable to parent(51,900)    (32,400)
Net income (loss) available to common stockholders, diluted:(61,800)50,5005,200(27,200)(45,900)57,500

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(9,900)50,5005,200(27,200)(45,900)89,900
Other comprehensive income (loss)  (100)(5,700)3,9001,700(2,400)
Comprehensive income (loss):(9,900)50,400(500)(23,300)(44,200)87,500
Other undisclosed comprehensive loss, net of tax, attributable to parent(43,100)(1,900)   (32,400)
Comprehensive income (loss), net of tax, attributable to parent:(53,000)48,500(500)(23,300)(44,200)55,100

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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