Heska Corporation (HSKA) Financial Statements (2024 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 investments156,618223,57486,33489,03013,3899,659
Cash and cash equivalents156,618223,57486,33489,03013,3899,659
Net investment in lease, before allowance for credit loss 182137192 
Receivables29,49327,99531,08015,16116,45415,711
Inventory, net of allowances, customer advances and progress billings60,05049,36140,03726,60125,10432,596
Inventory60,05049,36140,03726,60125,10432,596
Prepaid expense5,5145,2443,8752,219  
Contract with customer, asset, after allowance for credit loss1,8001,5001,200  
Other current assets5,9267,2065,1553,0004,4712,877
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases3,8562,9892,069
Other undisclosed current assets5,4514,5383,402   
Total current assets:265,034319,555171,275139,86762,40762,912
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,4711,6501,907 
Operating lease, right-of-use asset6,8975,1985,457 
Property, plant and equipment32,17133,41335,54215,46915,98117,331
Long-term investments and receivables14,45210,8543,68618,71316,9089,615
Long-term investments9412,4063,6864,4065,000 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases14,30711,9089,615
Accounts and financing receivable, after allowance for credit loss 13,5118,448    
Intangible assets, net (including goodwill)198,311175,531144,26847,67636,44328,645
Goodwill135,918118,82688,27636,20426,67926,687
Intangible assets, net (excluding goodwill)62,39356,70555,99211,4729,7641,958
Contract with customer, asset, after allowance for credit loss5,9005,1004,1003,7003,300
Deferred income tax assets    
Other noncurrent assets12,52610,1468,4397,5267,5745,407
Other undisclosed noncurrent assets49,05442,62525,16511,47313,83911,877
Total noncurrent assets:320,782284,517228,564104,55794,04572,875
TOTAL ASSETS:585,816604,072399,839244,424156,452135,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,55234,79833,17412,94517,61113,906
Accounts payable16,40315,37415,1196,6007,4699,489
Accrued liabilities15,14919,42418,0556,34510,1424,417
Deferred revenue5,0816,9016,854 
Debt127200295  6,000
Business combination, contingent consideration, liability    14,579  
Deferred revenue and credits3,992
Due to related parties     2261,828
Contract with customer, liability2,9302,526
Other undisclosed current liabilities2,8172,0271,7921,745  
Total current liabilities:39,57743,92642,11532,19920,36325,726
Noncurrent Liabilities
Long-term debt and lease obligation95,597103,44352,8711,1216,031 
Long-term debt, excluding current maturities95,59799,93449,0131,1216,031 
Finance lease, liability    
Liabilities, other than long-term debt28,43420,84917,8006,1187,6499,621
Deferred revenue and credits9,621
Deferred revenue4,0963,8544,667 
Contract with customer, liability5,9667,082
Deferred income tax liabilities 16,43812,66711,856 
Other liabilities3,3724,3281,277152567 
Operating lease, liability4,5283,5093,858 
Other undisclosed noncurrent liabilities   50,452  
Total noncurrent liabilities:124,031124,29270,67157,69113,6809,621
Total liabilities:163,608168,218112,78689,89034,04335,347
Temporary equity, carrying amount    170  
Equity
Equity, attributable to parent, including:422,208435,854287,053154,364122,409100,440
Additional paid in capital597,139579,354423,650290,216257,034243,598
Accumulated other comprehensive income (loss)(6,506)5,03714,169513277232
Accumulated deficit(168,533)(148,644)(150,861)(136,444)(134,979)(143,463)
Other undisclosed equity, attributable to parent10810795797773
Total equity:422,208435,854287,053154,364122,409100,440
TOTAL LIABILITIES AND EQUITY:585,816604,072399,839244,424156,452135,787

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
Revenues257,307253,739197,323122,661127,446129,341
Revenue, net129,341
Cost of revenue(146,140)(147,945)(116,033)(68,212)(70,808)(71,080)
Gross profit:111,167105,79481,29054,44956,63858,261
Operating expenses(131,465)(106,787)(89,482)(54,122)(52,844)(40,042)
Operating income (loss):(20,298)(993)(8,192)3273,79418,219
Nonoperating income (expense)(923)(44)166(482)62228
Other nonoperating income (expense)(923)(44)166(482)62228
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 taxes3,5781,797607661261167
Income (loss) from continuing operations before equity method investments, income taxes:(21,834)(3,441)(13,793)(2,583)3,80718,369
Loss from equity method investments(1,465)(1,280)(720)(594)(72) 
Other undisclosed income from continuing operations before income taxes1,4651,28072059472 
Income (loss) from continuing operations before income taxes:(21,834)(3,441)(13,793)(2,583)3,80718,369
Income tax expense (benefit)3,4103,573(239)1,4462,115(8,913)
Income (loss) from continuing operations:(18,424)132(14,032)(1,137)5,9229,456
Income (loss) before gain (loss) on sale of properties:132(14,032)(1,137)5,9229,456
Other undisclosed net loss(1,465)(1,280)(720)(594)(72) 
Net income (loss):(19,889)(1,148)(14,752)(1,731)5,8509,456
Net income attributable to noncontrolling interest   353266 497
Net income (loss) available to common stockholders, diluted:(19,889)(1,148)(14,399)(1,465)5,8509,953

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)5,8509,456
Other comprehensive income (loss)(11,543)(9,132)13,65623645135
Comprehensive income (loss):(31,432)(10,280)(1,096)(1,495)5,8959,591
Comprehensive income, net of tax, attributable to noncontrolling interest   353266 497
Comprehensive income (loss), net of tax, attributable to parent:(31,432)(10,280)(743)(1,229)5,89510,088

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.

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