CONMED Corporation (CNMD) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
11311 CONCEPT BOULEVARD LARGO, FL 33773 |
| 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 millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26 | 18 | 33 | 27 | 73 | ||||
| Cash and cash equivalents | 26 | 18 | 33 | 27 | 73 | ||||
| Receivables | 184 | 177 | 189 | 182 | 167 | 148 | 136 | ||
| Inventory, net of allowances, customer advances and progress billings | 232 | 195 | 165 | 155 | 141 | 136 | 167 | ||
| Inventory | 232 | 195 | 165 | 155 | 141 | 136 | 167 | ||
| Assets held-for-sale, not part of disposal group | 3 | ||||||||
| Other undisclosed current assets | 45 | 45 | 18 | 21 | 16 | 19 | 29 | ||
| Total current assets: | 460 | 417 | 397 | 374 | 357 | 331 | 407 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 1 | 1 | 1 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 19 | 22 | 23 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 109 | 111 | 119 | 113 | 116 | 122 | 125 | ||
| Intangible assets, net (including goodwill) | 1,089 | 1,120 | 1,151 | 814 | 817 | 817 | 569 | ||
| Goodwill | 618 | 618 | 618 | 400 | 402 | 398 | 261 | ||
| Intangible assets, net (excluding goodwill) | 471 | 502 | 533 | 413 | 415 | 420 | 308 | ||
| Regulated entity, other noncurrent assets | 0 | 0 | 1 | ||||||
| Deferred income tax assets | 10 | 7 | 6 | ✕ | ✕ | ✕ | ✕ | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 5 | 4 | ||||
| Other undisclosed noncurrent assets | 79 | 74 | 78 | 68 | 63 | 55 | 11 | ||
| Total noncurrent assets: | 1,306 | 1,335 | 1,378 | 995 | 1,001 | 998 | 705 | ||
| TOTAL ASSETS: | 1,766 | 1,752 | 1,775 | 1,369 | 1,358 | 1,329 | 1,113 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 119 | 103 | 110 | 96 | 76 | 74 | 69 | ||
| Accounts payable | 58 | 53 | 56 | 53 | 42 | 42 | 35 | ||
| Employee-related liabilities | 60 | 50 | 54 | 43 | 34 | 32 | 32 | ||
| Taxes payable | 3 | ||||||||
| Debt | 12 | 18 | 14 | 18 | 15 | 10 | 1 | ||
| Other liabilities | 66 | 68 | 65 | 46 | 59 | 30 | 49 | ||
| Total current liabilities: | 197 | 190 | 188 | 161 | 150 | 114 | 120 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 672 | 735 | 755 | 439 | 472 | 488 | 269 | ||
| Long-term debt, excluding current maturities | 439 | 472 | 488 | 269 | |||||
| Finance lease, liability | 0 | 0 | 0 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 17 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 672 | 735 | 738 | ||||||
| Liabilities, other than long-term debt | 112 | 117 | 64 | 107 | 105 | 146 | 139 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 81 | 78 | 119 | 115 | ||
| Deferred income tax liabilities | 69 | 58 | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 17 | ||||||||
| Other liabilities | 43 | 59 | 47 | 26 | 27 | 27 | 24 | ||
| Other undisclosed noncurrent liabilities | 58 | ||||||||
| Total noncurrent liabilities: | 784 | 852 | 877 | 546 | 577 | 634 | 408 | ||
| Total liabilities: | 981 | 1,043 | 1,065 | 707 | 727 | 748 | 528 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 785 | 709 | 710 | 662 | 631 | 581 | 585 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (54) | (68) | (81) | (89) | (94) | (97) | (101) | ||
| Additional paid in capital | 397 | 383 | 379 | 342 | 334 | 329 | 325 | ||
| Accumulated other comprehensive loss | (54) | (64) | (59) | (56) | (49) | (59) | (54) | ||
| Retained earnings | 497 | 457 | 471 | 465 | 440 | 407 | 415 | ||
| Total stockholders' equity: | 785 | 709 | 710 | 662 | 631 | 581 | 585 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,766 | 1,752 | 1,775 | 1,369 | 1,358 | 1,329 | 1,113 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,011 | 862 | 955 | 860 | 796 | 764 | 719 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 796 | 764 | 719 | |
| Cost of revenue (Cost of Goods and Services Sold) | (443) | (402) | (430) | (391) | (365) | (355) | (337) | |
| Gross profit: | 568 | 460 | 525 | 469 | 431 | 408 | 382 | |
| Operating expenses | (458) | (414) | (446) | (398) | (384) | (371) | (331) | |
| Operating income: | 110 | 46 | 79 | 71 | 47 | 38 | 51 | |
| Nonoperating expense (Other Nonoperating expense) | (1) | (0) | (5) | (3) | ||||
| Interest and debt expense | (35) | (44) | (43) | (21) | (18) | (15) | (6) | |
| Income from continuing operations before income taxes: | 73 | 2 | 31 | 51 | 29 | 19 | 45 | |
| Income tax expense (benefit) | (11) | 8 | (3) | (10) | 27 | (5) | (15) | |
| Net income available to common stockholders, diluted: | 63 | 10 | 29 | 41 | 55 | 15 | 30 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 63 | 10 | 29 | 41 | 55 | 15 | 30 | |
| Other comprehensive income (loss) | 9 | (4) | 25 | 40 | 65 | 10 | 16 | |
| Other undisclosed comprehensive loss | (29) | (41) | (55) | (15) | (30) | |||
| Comprehensive income, net of tax, attributable to parent: | 72 | 5 | 25 | 40 | 65 | 10 | 16 | |
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.