Heska Corporation (HSKA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3760 ROCKY MOUNTAIN AVENUE LOVELAND, CO 80538 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 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 | 156,618 | 223,574 | 86,334 | 89,030 | 13,389 | 9,659 | |||
| Cash and cash equivalent | 156,618 | 223,574 | 86,334 | 89,030 | 13,389 | 9,659 | |||
| Net investment in lease, before allowance for credit loss | 182 | 137 | 192 | ✕ | ✕ | ||||
| Receivables | 29,493 | 27,995 | 31,080 | 15,161 | 16,454 | 15,711 | |||
| Inventory, net of allowances, customer advances and progress billings | 60,050 | 49,361 | 40,037 | 26,601 | 25,104 | 32,596 | |||
| Inventory | 60,050 | 49,361 | 40,037 | 26,601 | 25,104 | 32,596 | |||
| Prepaid expense | 5,514 | 5,244 | 3,875 | 2,219 | |||||
| Contract with customer, asset, after allowance for credit loss | 1,800 | 1,500 | 1,200 | ✕ | |||||
| Other current assets | 5,926 | 7,206 | 5,155 | 3,000 | 4,471 | 2,877 | |||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | ✕ | 3,856 | 2,989 | 2,069 | ||
| Other undisclosed current assets | 5,451 | 4,538 | 3,402 | ||||||
| Total current assets: | 265,034 | 319,555 | 171,275 | 139,867 | 62,407 | 62,912 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,471 | 1,650 | 1,907 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 6,897 | 5,198 | 5,457 | ✕ | ✕ | ||||
| Property, plant and equipment | 32,171 | 33,413 | 35,542 | 15,469 | 15,981 | 17,331 | |||
| Long-term investments and receivables | 14,452 | 10,854 | 3,686 | 18,713 | 16,908 | 9,615 | |||
| Long-term investments | 941 | 2,406 | 3,686 | 4,406 | 5,000 | ||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | ✕ | 14,307 | 11,908 | 9,615 | ||
| Accounts and financing receivable, after allowance for credit loss | 13,511 | 8,448 | |||||||
| Intangible assets, net (including goodwill) | 198,311 | 175,531 | 144,268 | 47,676 | 36,443 | 28,645 | |||
| Goodwill | 135,918 | 118,826 | 88,276 | 36,204 | 26,679 | 26,687 | |||
| Intangible assets, net (excluding goodwill) | 62,393 | 56,705 | 55,992 | 11,472 | 9,764 | 1,958 | |||
| Contract with customer, asset, after allowance for credit loss | 5,900 | 5,100 | 4,100 | 3,700 | 3,300 | ✕ | |||
| Deferred income tax assets | ✕ | ✕ | |||||||
| Other noncurrent assets | 12,526 | 10,146 | 8,439 | 7,526 | 7,574 | 5,407 | |||
| Other undisclosed noncurrent assets | 49,054 | 42,625 | 25,165 | 11,473 | 13,839 | 11,877 | |||
| Total noncurrent assets: | 320,782 | 284,517 | 228,564 | 104,557 | 94,045 | 72,875 | |||
| TOTAL ASSETS: | 585,816 | 604,072 | 399,839 | 244,424 | 156,452 | 135,787 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 31,552 | 34,798 | 33,174 | 12,945 | 17,611 | 13,906 | |||
| Accounts payable | 16,403 | 15,374 | 15,119 | 6,600 | 7,469 | 9,489 | |||
| Accrued liabilities | 15,149 | 19,424 | 18,055 | 6,345 | 10,142 | 4,417 | |||
| Deferred revenue | 5,081 | 6,901 | 6,854 | ✕ | ✕ | ||||
| Debt | 127 | 200 | 295 | 6,000 | |||||
| Business combination, contingent consideration, liability | 14,579 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,992 | ||
| Due to related parties | 226 | 1,828 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 2,930 | 2,526 | ✕ | ||
| Other undisclosed current liabilities | 2,817 | 2,027 | 1,792 | 1,745 | |||||
| Total current liabilities: | 39,577 | 43,926 | 42,115 | 32,199 | 20,363 | 25,726 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 95,597 | 103,443 | 52,871 | 1,121 | 6,031 | ||||
| Long-term debt, excluding current maturities | 95,597 | 99,934 | 49,013 | 1,121 | 6,031 | ||||
| Finance lease, liability | ✕ | ✕ | |||||||
| Liabilities, other than long-term debt | 28,434 | 20,849 | 17,800 | 6,118 | 7,649 | 9,621 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 9,621 | ||
| Deferred revenue | 4,096 | 3,854 | 4,667 | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 5,966 | 7,082 | ✕ | ||
| Deferred income tax liabilities | 16,438 | 12,667 | 11,856 | ✕ | ✕ | ||||
| Other liabilities | 3,372 | 4,328 | 1,277 | 152 | 567 | ||||
| Operating lease, liability | 4,528 | 3,509 | 3,858 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 50,452 | ||||||||
| Total noncurrent liabilities: | 124,031 | 124,292 | 70,671 | 57,691 | 13,680 | 9,621 | |||
| Total liabilities: | 163,608 | 168,218 | 112,786 | 89,890 | 34,043 | 35,347 | |||
| Temporary equity, including noncontrolling interest | 170 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 422,208 | 435,854 | 287,053 | 154,364 | 122,409 | 100,440 | |||
| Additional paid in capital | 597,139 | 579,354 | 423,650 | 290,216 | 257,034 | 243,598 | |||
| Accumulated other comprehensive income (loss) | (6,506) | 5,037 | 14,169 | 513 | 277 | 232 | |||
| Accumulated deficit | (168,533) | (148,644) | (150,861) | (136,444) | (134,979) | (143,463) | |||
| Other undisclosed equity, attributable to parent | 108 | 107 | 95 | 79 | 77 | 73 | |||
| Total equity: | 422,208 | 435,854 | 287,053 | 154,364 | 122,409 | 100,440 | |||
| TOTAL LIABILITIES AND EQUITY: | 585,816 | 604,072 | 399,839 | 244,424 | 156,452 | 135,787 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 257,307 | 253,739 | 197,323 | 122,661 | 127,446 | 129,341 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 129,341 | |
| Cost of revenue | (146,140) | (147,945) | (116,033) | (68,212) | (70,808) | (71,080) | ||
| Gross profit: | 111,167 | 105,794 | 81,290 | 54,449 | 56,638 | 58,261 | ||
| Operating expenses | (131,465) | (106,787) | (89,482) | (54,122) | (52,844) | (40,042) | ||
| Operating income (loss): | (20,298) | (993) | (8,192) | 327 | 3,794 | 18,219 | ||
| Nonoperating income (expense) | (923) | (44) | 166 | (482) | 62 | 228 | ||
| Other nonoperating income (expense) | (923) | (44) | 166 | (482) | 62 | 228 | ||
| Interest and debt expense | (4,191) | (4,201) | (6,374) | (3,089) | (310) | (245) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3,578 | 1,797 | 607 | 661 | 261 | 167 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (21,834) | (3,441) | (13,793) | (2,583) | 3,807 | 18,369 | ||
| Loss from equity method investments | (1,465) | (1,280) | (720) | (594) | (72) | |||
| Other undisclosed income from continuing operations before income taxes | 1,465 | 1,280 | 720 | 594 | 72 | |||
| Income (loss) from continuing operations before income taxes: | (21,834) | (3,441) | (13,793) | (2,583) | 3,807 | 18,369 | ||
| Income tax expense (benefit) | 3,410 | 3,573 | (239) | 1,446 | 2,115 | (8,913) | ||
| Income (loss) from continuing operations: | (18,424) | 132 | (14,032) | (1,137) | 5,922 | 9,456 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 132 | (14,032) | (1,137) | 5,922 | 9,456 | ||
| Other undisclosed net loss | (1,465) | (1,280) | (720) | (594) | (72) | |||
| Net income (loss): | (19,889) | (1,148) | (14,752) | (1,731) | 5,850 | 9,456 | ||
| Net income attributable to noncontrolling interest | 353 | 266 | 497 | |||||
| Net income (loss) available to common stockholders, diluted: | (19,889) | (1,148) | (14,399) | (1,465) | 5,850 | 9,953 | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (19,889) | (1,148) | (14,752) | (1,731) | 5,850 | 9,456 | ||
| Other comprehensive income (loss) | (11,543) | (9,132) | 13,656 | 236 | 45 | 135 | ||
| Comprehensive income (loss): | (31,432) | (10,280) | (1,096) | (1,495) | 5,895 | 9,591 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 353 | 266 | 497 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (31,432) | (10,280) | (743) | (1,229) | 5,895 | 10,088 | ||
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.