Globus Medical Inc. (GMED) Financial Statements (2024 and earlier)

Company Profile

Business Address 2560 GENERAL ARMISTEAD AVENUE
AUDUBON, PA 19403
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)
Annual | Quarterly

3/31/2024
MRQ
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 investments100,994295,592250,378187,344311,237139,647
Cash and cash equivalents     195,474139,647
Short-term investments100,994295,592250,378187,344115,763 
Restricted cash and investments      100
Receivables504,870217,308165,651148,100162,424144,356
Inventory, net of allowances, customer advances and progress billings848,135298,981237,001229,153196,314131,254
Inventory848,135298,981237,001229,153196,314131,254
Other undisclosed current assets461,375171,463211,486257,16817,493215,324
Total current assets:1,915,374983,344864,516821,765687,468630,681
Noncurrent Assets
Operating lease, right-of-use asset59,931  4,7412,481✕
Property, plant and equipment586,932243,729221,076216,879199,841171,873
Long-term investments and receivables75,428495,852562,475   
Long-term investments75,428495,852562,475   
Intangible assets, net (including goodwill)2,359,143261,045248,368243,665207,587211,057
Goodwill1,434,540197,471179,708156,716128,775123,734
Intangible assets, net (excluding goodwill)924,60363,57468,66086,94978,81287,323
Deferred income tax assets10,68548,84524,4946,615 ✕
Other noncurrent assets78,59043,31136,33432,03921,74110,364
Deferred tax assets, net✕✕✕✕✕✕13,578
Other undisclosed noncurrent assets    353,781412,959263,117
Total noncurrent assets:3,170,7091,092,7821,092,747857,720844,609669,989
TOTAL ASSETS:5,086,0832,076,1261,957,2631,679,4851,532,0771,300,670
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities297,131130,806114,16997,64088,95486,690
Taxes payable✕✕✕1,0461,1011,057917
Accounts payable56,67136,10121,95518,20524,61425,895
Accrued liabilities240,46094,70591,16878,33463,28359,878
Deferred revenue18,36914,10012,0258,1255,402✕
Debt475   1,339 
Other undisclosed current liabilities76,37214,29813,97015,02715,7089,428
Total current liabilities:392,347159,204140,164120,792111,40396,118
Noncurrent Liabilities
Long-term debt and lease obligation417,737 2,9372,9361,142 
Long-term debt, excluding current maturities 417,400     
Finance lease, liability337    ✕
Liabilities, other than long-term debt200,05415,59916,95620,9039,37715,748
Deferred tax liabilities, net✕✕✕✕✕✕8,114
Deferred income tax liabilities84,4211,7794,3146,202 ✕
Other liabilities24,59613,82012,64214,7019,3777,634
Operating lease, liability91,037 2,9372,9361,142✕
Other undisclosed noncurrent liabilities77,98654,95055,81828,5577,7033,288
Total noncurrent liabilities:695,77770,54975,71152,39618,22219,036
Total liabilities:1,088,124229,753215,875173,188129,625115,154
Equity
Equity, attributable to parent, including:3,997,9591,846,3731,741,3881,506,2971,402,4521,185,516
Additional paid in capital2,870,749630,952553,787457,161357,320299,869
Accumulated other comprehensive income (loss)(10,192)(24,630)(6,772)3,955(2,898)(7,172)
Retained earnings1,137,2661,239,9511,194,2721,045,0821,047,931892,721
Other undisclosed equity, attributable to parent136100101999998
Total equity:3,997,9591,846,3731,741,3881,506,2971,402,4521,185,516
TOTAL LIABILITIES AND EQUITY:5,086,0832,076,1261,957,2631,679,4851,532,0771,300,670

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,568,4761,022,843958,102789,042785,368712,969
Cost of revenue
(Cost of Goods and Services Sold)		(548,174)(263,725)(239,223)(217,463)(179,975)(159,410)
Gross profit:1,020,302759,118718,879571,579605,393553,559
Operating expenses(887,160)(531,167)(546,926)(460,146)(433,404)(384,234)
Operating income:133,142227,951171,953111,433171,989169,325
Nonoperating income
(Other Nonoperating income)		32,25115,0688,45414,46617,95719,280
Interest and debt expense(67)     
Income from continuing operations before equity method investments, income taxes:165,326243,019180,407125,899189,946188,605
Other undisclosed income from continuing operations before income taxes67     
Income from continuing operations before income taxes:165,393243,019180,407125,899189,946188,605
Income tax expense(42,520)(52,850)(31,216)(23,614)(34,736)(32,131)
Income from continuing operations:122,873190,169149,191102,285155,210156,474
Income before gain (loss) on sale of properties:✕✕✕149,191102,285155,210156,474
Net income available to common stockholders, basic:122,873190,169149,191102,285155,210156,474
Other undisclosed net loss available to common stockholders, diluted      
Net income available to common stockholders, diluted:122,873190,169149,191102,285155,210156,474

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:122,873190,169149,191102,285155,210156,474
Comprehensive income:122,873190,169149,191102,285155,210156,474
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14,438(17,858)(10,727)6,8534,274(265)
Comprehensive income, net of tax, attributable to parent:137,311172,311138,464109,138159,484156,209

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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