Bioventus Inc. (BVS) Financial Statements (2024 and earlier)

Company Profile

Business Address 4721 EMPEROR BOULEVARD, SUITE 100
DURHAM, NC 27703
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
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31,81443,933
Cash and cash equivalents31,81443,933
Restricted cash and investments 235,280
Receivables136,645124,963
Inventory, net of allowances, customer advances and progress billings85,40861,688
Inventory85,40861,688
Prepaid expense18,68527,239
Total current assets:272,575263,103
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  
Operating lease, right-of-use asset17,30817,186
Property, plant and equipment 27,64722,985
Long-term investments and receivables2,63629,291
Long-term investments2,63629,291
Intangible assets, net (including goodwill)1,052,483842,816
Goodwill13,759147,623
Intangible assets, net (excluding goodwill)1,038,724695,193
Restricted cash and investments  50,000
Deferred income tax assets  481
Other undisclosed noncurrent assets  
Total noncurrent assets:1,100,074962,759
TOTAL ASSETS:1,372,6491,225,862
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities149,503148,388
Accounts payable37,54916,915
Accrued liabilities111,954131,473
Deferred revenue 2,895 
Debt33,05618,038
Deferred compensation liability  10,875
Other liabilities3,8433,558
Other undisclosed current liabilities 114,720 
Total current liabilities:304,017180,859
Noncurrent Liabilities
Long-term debt and lease obligation385,010339,644
Long-term debt, excluding current maturities385,010339,644
Liabilities, other than long-term debt278,818171,570
Deferred income tax liabilities 154,001133,518
Other liabilities25,33821,723
Operating lease, liability 14,797 
Business combination, contingent consideration, liability84,68216,329
Other undisclosed noncurrent liabilities 64,472 
Total noncurrent liabilities:728,300511,214
Total liabilities:1,032,317692,073
Equity
Equity, attributable to parent, including:316,581458,924
Additional paid in capital481,919465,272
Accumulated other comprehensive income (loss)(110)179
Accumulated deficit(165,306)(6,602)
Other undisclosed equity, attributable to parent7875
Equity, attributable to noncontrolling interest23,75174,865
Total equity:340,332533,789
TOTAL LIABILITIES AND EQUITY:1,372,6491,225,862

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues512,117430,898
Cost of revenue
(Cost of Goods and Services Sold)
(181,037)(128,192)
Gross profit:331,080302,706
Operating expenses(386,479)(289,816)
Other undisclosed operating loss(195,649)(829)
Operating income (loss):(251,048)12,061
Nonoperating expense(12,851)(4,441)
Other nonoperating income (expense)12,944(3,329)
Interest and debt expense (2,162)
Income (loss) from continuing operations before equity method investments, income taxes:(263,899)5,458
Other undisclosed income from continuing operations before income taxes 2,162
Income (loss) from continuing operations before income taxes:(263,899)7,620
Income tax benefit50,5081,966
Income (loss) from continuing operations:(213,391)9,586
Income before gain (loss) on sale of properties:9,586
Loss from discontinued operations  
Net income (loss):(213,391)9,586
Net income attributable to noncontrolling interest54,6879,789
Other undisclosed net income attributable to parent  
Net income (loss) available to common stockholders, diluted:(158,704)19,375

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):(213,391)9,586
Other comprehensive income (loss) (368)60
Other undisclosed comprehensive income (loss) (1,318)
Comprehensive income (loss):(213,759)8,328
Comprehensive income, net of tax, attributable to noncontrolling interest54,7669,789
Other undisclosed comprehensive income, net of tax, attributable to parent  
Comprehensive income (loss), net of tax, attributable to parent:(158,993)18,117

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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