BioLife Solutions, Inc. (BLFS) Financial Statements (2024 and earlier)

Company Profile

Business Address 3303 MONTE VILLA PARKWAY
BOTHELL, WA 98021
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2023
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 investments62,70269,86090,4036,44830,6576,663
Cash and cash equivalents19,44269,86090,4036,44830,6576,663
Short-term investments43,260     
Restricted cash and investments311053   
Receivables33,93623,2178,0065,3453,0451,021
Inventory, net of allowances, customer advances and progress billings34,90428,34511,60210,9723,5091,847
Inventory34,90428,34511,60210,9723,5091,847
Other undisclosed current assets6,8794,4274,6481,348353400
Total current assets:138,452125,859114,71224,11337,5649,931
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization27244017 ✕✕
Operating lease, right-of-use asset15,29218,7059,6751,040✕✕
Property, plant and equipment23,63817,65710,1205,5721,3191,106
Debt securities, available-for-sale, accrued interest, after allowance for credit loss1,332  ✕✕✕
Long-term investments and receivables1,332   6,548 
Long-term investments1,332   6,548 
Intangible assets, net (including goodwill)256,829376,89089,49855,619  
Goodwill224,741224,74158,44933,637  
Intangible assets, net (excluding goodwill)32,088152,14931,04921,982  
Deposits noncurrent assets281325230503636
Other undisclosed noncurrent assets12,80114,18110,5776,422 1,070
Total noncurrent assets:311,777428,198120,11768,7037,9032,212
TOTAL ASSETS:450,229554,057234,82992,81645,46712,143
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:18,49516,6284,2563,3691,8091,383
Taxes payable✕✕27112   
Employee-related liabilities✕✕   998491
Accounts payable15,36714,9453,6723,119720691
Accrued liabilities3,1281,6564723,36991201
Other undisclosed accounts payable and accrued liabilities    (3,119)  
Deferred revenue548814931 ✕✕
Debt1,9721,011622   
Deferred compensation liability5,0804,3512,898   
Deferred rent credit     130✕
Derivative instruments and hedges, liabilities   2,780   
Business combination, contingent consideration, liability 2,1385,1272,637377  
Other liabilities 51294130   
Deferred revenue and credits✕✕✕✕✕✕130
Other undisclosed current liabilities16,29812,1561,3193,923  
Total current liabilities:44,58240,38115,5737,6691,9391,513
Noncurrent Liabilities
Long-term debt and lease obligation23,91923,1108,769550  
Long-term debt, excluding current maturities23,7936,353    
Finance lease, liability12629112 ✕✕
Liabilities, other than long-term debt17,54010,4295,24141,14338046
Deferred rent credit     349✕
Deferred income tax liabilities2505,487  ✕✕
Other liabilities 104272643146
Operating lease, liability14,96216,4668,757550✕✕
Business combination, contingent consideration, liability 2,3184,9004,5151,537  
Derivative instruments and hedges, liabilities    39,602  
Other undisclosed noncurrent liabilities      492
Total noncurrent liabilities:41,45933,53914,01041,693380538
Total liabilities:86,04173,92029,58349,3622,3192,051
Equity
Equity, attributable to parent364,188480,137205,24643,45443,14810,093
Preferred stock      0
Common stock434233211914
Additional paid in capital611,739585,397302,598143,485114,16084,036
Accumulated other comprehensive loss(679)(282)    
Accumulated deficit(246,915)(105,020)(97,385)(100,052)(71,031)(73,958)
Total equity:364,188480,137205,24643,45443,14810,093
TOTAL LIABILITIES AND EQUITY:450,229554,057234,82992,81645,46712,143

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues161,759119,15648,08727,37119,74211,022
Revenue, net✕✕✕✕✕✕11,022
Cost of revenue(102,438)(84,501)(22,221)(8,810)(6,217)(4,275)
Cost of goods and services sold   (8,760)(6,217)(4,275)
Gross profit:59,32134,65525,86618,56113,5256,746
Operating expenses(204,862)(68,595)(31,441)(18,781)(9,863)(7,802)
Operating income (loss):(145,541)(33,940)(5,575)(220)3,662(1,056)
Nonoperating income (expense)7146,1874,978(2,978)(396)(1,459)
Investment income, nonoperating 697 1,377506  
Other nonoperating income (expense)704289 (13)  
Interest and debt expense  284 (5)(5)(109)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (284)    
Income (loss) from continuing operations before equity method investments, income taxes:(144,827)(27,753)(597)(3,203)3,261(2,624)
Loss from equity method investments     (672) 
Other undisclosed income from continuing operations before income taxes    5677 
Income (loss) from continuing operations before income taxes:(144,827)(27,753)(597)(3,198)3,266(2,624)
Income tax expense (benefit)5,02220,1183,2641,541  
Income (loss) from continuing operations:(139,805)(7,635)2,667(1,657)3,266(2,624)
Income (loss) before gain (loss) on sale of properties:✕✕(7,635)2,667(1,657)3,266(2,624)
Other undisclosed net income      109
Net income (loss) attributable to parent:(139,805)(7,635)2,667(1,657)3,266(2,515)
Preferred stock dividends and other adjustments     (339)(213)
Other undisclosed net loss available to common stockholders, basic   (217)   
Net income (loss) available to common stockholders, basic:(139,805)(7,635)2,450(1,657)2,927(2,728)
Other undisclosed net loss available to common stockholders, diluted   (3,404)   
Net income (loss) available to common stockholders, diluted:(139,805)(7,635)(954)(1,657)2,927(2,728)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(139,805)(7,635)2,667(1,657)3,266(2,515)
Other comprehensive income      
Comprehensive income (loss):(139,805)(7,635)2,667(1,657)3,266(2,515)
Other undisclosed comprehensive loss, net of tax, attributable to parent (397)(282)    
Comprehensive income (loss), net of tax, attributable to parent:(140,202)(7,917)2,667(1,657)3,266(2,515)

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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