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
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments156,618161,074171,928172,744223,574222,900
Cash and cash equivalents156,618161,074171,928172,744223,574222,900
Net investment in lease, before allowance for credit loss 182   137 
Receivables29,49326,41527,88726,54127,99525,286
Inventory, net of allowances, customer advances and progress billings60,05057,47755,79955,22249,36145,036
Inventory60,05057,47755,79955,22249,36145,036
Prepaid expense5,5145,2694,8945,3895,2445,518
Contract with customer, asset, after allowance for credit loss1,8001,6001,6001,5001,5001,400
Other current assets5,9265,6815,6986,3097,2067,177
Other undisclosed current assets5,4515,2985,0655,0444,5384,303
Total current assets:265,034262,814272,871272,749319,555311,620
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,4711,3681,4411,5231,6501,625
Operating lease, right-of-use asset6,8976,8107,5598,1545,1985,664
Property, plant and equipment32,17131,05932,71133,81833,41333,727
Long-term investments and receivables14,45214,50810,14810,48910,85411,710
Due from related parties 13,1968,4798,464 8,861
Long-term investments9411,3121,6692,0252,4062,849
Accounts and financing receivable, after allowance for credit loss 13,511   8,448 
Intangible assets, net (including goodwill)198,311190,395201,057211,829175,531178,918
Goodwill135,918129,960134,872139,990118,826119,584
Intangible assets, net (excluding goodwill)62,39360,43566,18571,83956,70559,334
Contract with customer, asset, after allowance for credit loss5,9005,3005,5005,3005,1004,600
Deferred income tax assets 23,76322,69321,503 18,601
Other noncurrent assets12,52610,90311,05111,25910,1469,895
Other undisclosed noncurrent assets49,05423,14721,75825,04742,62520,834
Total noncurrent assets:320,782307,253313,918328,922284,517285,574
TOTAL ASSETS:585,816570,067586,789601,671604,072597,194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,55229,04131,20832,14934,79829,924
Accounts payable16,40314,74912,05012,37515,37412,064
Accrued liabilities15,14914,29219,15819,77419,42417,860
Deferred revenue5,0814,8695,7005,8786,9015,759
Debt127127149168200200
Other undisclosed current liabilities2,8172,5542,4002,3362,0272,051
Total current liabilities:39,57736,59139,45740,53143,92637,934
Noncurrent Liabilities
Long-term debt and lease obligation95,597102,875106,023106,548103,443104,023
Long-term debt, excluding current maturities95,59797,872100,148100,04099,93499,846
Finance lease, liability 290283297 244
Liabilities, other than long-term debt28,4347,5567,8448,83320,8498,433
Deferred revenue4,0963,6033,6213,7113,8543,870
Deferred income tax liabilities 16,438   12,667 
Other liabilities3,3723,9534,2235,1224,3284,563
Operating lease, liability4,5284,7135,5926,2113,5093,933
Other undisclosed noncurrent liabilities 15,14616,17817,164 11,962
Total noncurrent liabilities:124,031125,577130,045132,545124,292124,418
Total liabilities:163,608162,168169,502173,076168,218162,352
Equity
Equity, attributable to parent, including:422,208407,899417,287428,595435,854434,842
Additional paid in capital597,139593,140590,447585,123579,354575,618
Accumulated other comprehensive income (loss)(6,506)(21,037)(9,392)1,9945,0377,207
Accumulated deficit(168,533)(164,312)(163,876)(158,630)(148,644)(148,090)
Other undisclosed equity, attributable to parent108108108108107107
Total equity:422,208407,899417,287428,595435,854434,842
TOTAL LIABILITIES AND EQUITY:585,816570,067586,789601,671604,072597,194

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

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues66,33861,49264,67764,80068,06860,240
Cost of revenue(38,519)(34,616)(37,349)(35,655)(40,260)(34,996)
Gross profit:27,81926,87627,32829,14527,80825,244
Operating expenses(30,448)(27,547)(32,870)(40,599)(26,690)(27,677)
Operating income (loss):(2,629)(671)(5,542)(11,454)1,118(2,433)
Nonoperating income (expense)157(241)(481)(359)1,03130
Other nonoperating income (expense) 74(125)81 469
Interest and debt expense(1,163)(1,172)(931)(925)(1,441)(918)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5501,172931925(963)918
Loss from continuing operations before equity method investments, income taxes:(3,085)(912)(6,023)(11,813)(255)(2,403)
Loss from equity method investments(371)(358)(356)(381)(443)(308)
Other undisclosed income from continuing operations before income taxes 1,465   1,280 
Income (loss) from continuing operations before income taxes:(1,991)(1,270)(6,379)(12,194)582(2,711)
Income tax expense (benefit)(765)8341,1332,208144813
Income (loss) from continuing operations:(2,756)(436)(5,246)(9,986)726(1,898)
Income (loss) before gain (loss) on sale of properties:(436)(5,246)(9,986)726(1,898)
Other undisclosed net loss (1,465)   (1,280) 
Net loss available to common stockholders, diluted:(4,221)(436)(5,246)(9,986)(554)(1,898)

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net loss:(4,221)(436)(5,246)(9,986)(554)(1,898)
Other comprehensive income (loss)14,531(11,645)(11,386)(3,043)(2,170)(3,431)
Comprehensive income (loss), net of tax, attributable to parent:10,310(12,081)(16,632)(13,029)(2,724)(5,329)

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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