CONMED Corporation (CNMD) Financial Statements (2024 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)

12/31/2023
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 investments    25,85617,51132,622
Cash and cash equivalents    25,85617,51132,622
Receivables191,345183,882177,152189,097181,550167,037
Inventory, net of allowances, customer advances and progress billings332,320231,644194,868164,616154,599141,436
Inventory332,320231,644194,868164,616154,599141,436
Other undisclosed current assets57,56144,59744,63417,79420,69115,688
Total current assets:581,226460,123416,654397,363374,351356,783
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 equipment115,611108,863111,407118,883113,245116,229
Intangible assets, net (including goodwill)1,497,2281,088,5771,119,9771,150,842813,633816,894
Goodwill815,429617,528618,440618,042400,440401,954
Intangible assets, net (excluding goodwill)681,799471,049501,537532,800413,193414,940
Regulated entity, other noncurrent assets     311467
Deferred income tax assets9,6509,6576,8425,659
Other noncurrent assets93,877     
Deferred tax assets, net 4,721
Other undisclosed noncurrent assets  78,53374,19778,04467,59862,867
Total noncurrent assets:1,716,3661,305,8941,335,0191,377,732994,7871,001,178
TOTAL ASSETS:2,297,5921,766,0171,751,6731,775,0951,369,1381,357,961
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities128,126118,685103,481109,65896,42276,302
Employee-related liabilities60,48850,17153,69042,92434,258
Accounts payable73,39358,19753,31055,96853,49842,044
Accrued liabilities54,733     
Debt69,74612,24918,41513,59618,33614,699
Other liabilities98,68065,71268,30564,83346,18659,002
Total current liabilities:296,552196,646190,201188,087160,944150,003
Noncurrent Liabilities
Long-term debt and lease obligation, including:985,076672,407735,221755,211438,564471,744
Long-term debt, excluding current maturities     438,564471,744
Finance lease, liability52240390490
Other undisclosed long-term debt and lease obligation985,024672,167734,831737,625  
Liabilities, other than long-term debt270,419111,529117,21363,573107,360104,782
Deferred tax liabilities, net81,06177,668
Deferred income tax liabilities66,72568,53757,875 
Liability, pension and other postretirement and postemployment benefits    16,731  
Other liabilities203,69442,99259,33846,84226,29927,114
Operating lease, liability    17,096
Other undisclosed noncurrent liabilities    57,757  
Total noncurrent liabilities:1,255,495783,936852,434876,541545,924576,526
Total liabilities:1,552,047980,5821,042,6351,064,628706,868726,529
Equity
Equity, attributable to parent745,545785,435709,038710,467662,270631,432
Common stock313313313313313313
Treasury stock, value(22,776)(54,051)(67,639)(80,737)(88,895)(93,683)
Additional paid in capital413,235396,771382,628379,324341,738333,795
Accumulated other comprehensive loss(57,858)(54,203)(63,681)(59,277)(55,737)(49,078)
Retained earnings412,631496,605457,417470,844464,851440,085
Total equity:745,545785,435709,038710,467662,270631,432
TOTAL LIABILITIES AND EQUITY:2,297,5921,766,0171,751,6731,775,0951,369,1381,357,961

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,045,4721,010,635862,459955,097859,634796,392
Revenue, net796,392
Cost of revenue
(Cost of Goods and Services Sold)
(474,227)(442,599)(402,159)(430,382)(390,524)(365,351)
Gross profit:571,245568,036460,300524,715469,110431,041
Operating expenses(501,191)(458,319)(414,290)(445,601)(397,805)(384,106)
Operating income:70,054109,71746,01079,11471,30546,935
Nonoperating expense
(Other Nonoperating expense)
 (112,011)(1,127)(355)(5,188)  
Interest and debt expense(28,905)(35,485)(44,052)(42,701)(20,652)(18,203)
Income (loss) from continuing operations before income taxes:(70,862)73,1051,60331,22550,65328,732
Income tax expense (benefit)(9,720)(10,563)7,914(2,605)(9,799)26,755
Income (loss) from continuing operations:(80,582)62,5429,51728,62040,85455,487
Income before gain (loss) on sale of properties:62,5429,51728,62040,85455,487
Net income (loss) available to common stockholders, diluted:(80,582)62,5429,51728,62040,85455,487

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(80,582)62,5429,51728,62040,85455,487
Other comprehensive income (loss)(3,655)9,478(4,404)25,08040,14464,935
Other undisclosed comprehensive loss    (28,620)(40,854)(55,487)
Comprehensive income (loss), net of tax, attributable to parent:(84,237)72,0205,11325,08040,14464,935

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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