CONMED Corp (CNMD) Financial Statements (2025 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 thousands)

12/31/2024
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 investments     25,85617,511
Cash and cash equivalent     25,85617,511
Receivables242,279191,345183,882177,152189,097181,550
Inventory, net of allowances, customer advances and progress billings318,324332,320231,644194,868164,616154,599
Inventory318,324332,320231,644194,868164,616154,599
Other undisclosed current assets55,04657,56144,59744,63417,79420,691
Total current assets:615,649581,226460,123416,654397,363374,351
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   8399371,205
Operating lease, right-of-use asset   19,42521,65923,099
Property, plant and equipment120,722115,611108,863111,407118,883113,245
Intangible assets, net (including goodwill)1,456,3281,497,2281,088,5771,119,9771,150,842813,633
Goodwill806,844815,429617,528618,440618,042400,440
Intangible assets, net (excluding goodwill)649,484681,799471,049501,537532,800413,193
Regulated entity, other noncurrent assets      311
Deferred income tax assets11,2119,6509,6576,8425,659
Other noncurrent assets96,11193,877    
Other undisclosed noncurrent assets   78,53374,19778,04467,598
Total noncurrent assets:1,684,3721,716,3661,305,8941,335,0191,377,732994,787
TOTAL ASSETS:2,300,0212,297,5921,766,0171,751,6731,775,0951,369,138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities158,293128,126118,685103,481109,65896,422
Employee-related liabilities60,48850,17153,69042,924
Accounts payable88,22473,39358,19753,31055,96853,498
Accrued liabilities70,06954,733    
Debt70869,74612,24918,41513,59618,336
Other liabilities151,72898,68065,71268,30564,83346,186
Total current liabilities:310,729296,552196,646190,201188,087160,944
Noncurrent Liabilities
Long-term debt and lease obligation, including:973,140985,076672,407735,221755,211438,564
Long-term debt, excluding current maturities      438,564
Finance lease, liability1,65752240390490
Other undisclosed long-term debt and lease obligation971,483985,024672,167734,831737,625 
Liabilities, other than long-term debt181,930270,419111,529117,21363,573107,360
Deferred tax liabilities, net81,061
Deferred income tax liabilities60,90266,72568,53757,875 
Liability, pension and other postretirement and postemployment benefits     16,731 
Other liabilities121,028203,69442,99259,33846,84226,299
Operating lease, liability     17,096
Other undisclosed noncurrent liabilities     57,757 
Total noncurrent liabilities:1,155,0701,255,495783,936852,434876,541545,924
Total liabilities:1,465,7991,552,047980,5821,042,6351,064,628706,868
Equity
Equity, attributable to parent834,222745,545785,435709,038710,467662,270
Common stock313313313313313313
Treasury stock, value(14,987)(22,776)(54,051)(67,639)(80,737)(88,895)
Additional paid in capital446,535413,235396,771382,628379,324341,738
Accumulated other comprehensive loss(50,170)(57,858)(54,203)(63,681)(59,277)(55,737)
Retained earnings452,531412,631496,605457,417470,844464,851
Total equity:834,222745,545785,435709,038710,467662,270
TOTAL LIABILITIES AND EQUITY:2,300,0212,297,5921,766,0171,751,6731,775,0951,369,138

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

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,244,7441,045,4721,010,635862,459955,097859,634
Cost of revenue
(Cost of Product and Service Sold)
(568,499)(474,227)(442,599)(402,159)(430,382)(390,524)
Gross profit:676,245571,245568,036460,300524,715469,110
Operating expenses(555,642)(501,191)(458,319)(414,290)(445,601)(397,805)
Operating income:120,60370,054109,71746,01079,11471,305
Nonoperating expense
(Other Nonoperating expense)
  (112,011)(1,127)(355)(5,188) 
Interest and debt expense(39,775)(28,905)(35,485)(44,052)(42,701)(20,652)
Income (loss) from continuing operations before equity method investments, income taxes:80,828(70,862)73,1051,60331,22550,653
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:80,828(70,862)73,1051,60331,22550,653
Income tax expense (benefit)(16,369)(9,720)(10,563)7,914(2,605)(9,799)
Income (loss) from continuing operations:64,459(80,582)62,5429,51728,62040,854
Income before gain (loss) on sale of properties:62,5429,51728,62040,854
Net income (loss) available to common stockholders, diluted:64,459(80,582)62,5429,51728,62040,854

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):64,459(80,582)62,5429,51728,62040,854
Other comprehensive income (loss)7,688(3,655)9,478(4,404)25,08040,144
Other undisclosed comprehensive loss     (28,620)(40,854)
Comprehensive income (loss), net of tax, attributable to parent:72,147(84,237)72,0205,11325,08040,144

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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