Heartware International Inc (HTWR) financial statements (2022 and earlier)

Company profile

Business Address 500 OLD CONNECTICUT PATH
FRAMINGHAM, MA 01701
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:185,000189,200244,600249,500252,000174,100179,700
Cash and cash equivalents129,241113,256175,047184,882181,222102,525102,946
Short-term investments55,98174,95268,53163,39169,57470,35475,535
Other undisclosed cash, cash equivalents, and short-term investments(222)9921,0221,2271,2041,2211,219
Receivables38,69829,47235,57034,96835,64836,56638,041
Inventory, net of allowances, customer advances and progress billings37,86443,40747,68647,24550,57152,35654,046
Inventory37,86443,40747,68647,24550,57152,35654,046
Other undisclosed current assets5,6295,9131,8465,5175,0726,0384,756
Total current assets:267,191267,992329,702337,230343,291269,060276,543
Noncurrent Assets
Inventory, Noncurrent 7,367     
Property, plant and equipment14,53514,60215,09815,71117,00517,02019,036
Long-term investments and receivables, including:49,4283,9532,500    
Long-term investments49,42863,668     
Other undisclosed long-term investments and receivables (59,715)2,500    
Intangible assets, net (including goodwill)74,06574,25274,27879,20878,84879,00879,197
Goodwill61,25361,28261,23361,27361,25461,22361,390
Intangible assets, net (excluding goodwill)12,81212,97013,04517,93517,59417,78517,807
Other noncurrent assets13,353980     
Other undisclosed noncurrent assets10,80062,16835,99856,31751,50648,63249,037
Total noncurrent assets:162,181163,322127,874151,236147,359144,660147,270
TOTAL ASSETS:429,372431,314457,576488,466490,650413,720423,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,52649,23061,13871,63354,08853,92364,952
Accounts payable15,50113,70915,24912,73111,07110,67413,322
Accrued liabilities35,02535,52145,88947,46332,41633,67136,589
Employee-related liabilities   11,43910,6019,57813,404
Taxes payable      1,637
Restructuring reserve   1,1521,3132,3721,266
Other undisclosed current liabilities   (12,591)(11,914)(11,950)(16,307)
Total current liabilities:50,52649,23061,13860,19443,48744,34549,911
Noncurrent Liabilities
Long-term debt and lease obligation192,107189,572191,062188,790186,565116,871114,803
Long-term debt, excluding current maturities192,107189,572191,062188,790186,565116,871114,803
Liabilities, other than long-term debt3,9374,0357,7544,6804,7436,69810,325
Deferred revenue and credits  3,200   3,500
Other liabilities3,9374,0354,5544,6804,7436,6986,825
Total noncurrent liabilities:196,044193,607198,816193,470191,308123,569125,128
Total liabilities:246,570242,837259,954253,664234,795167,914175,039
Stockholders' equity
Stockholders' equity attributable to parent169,292175,567188,492184,362207,775199,966208,534
Common stock18181717171717
Additional paid in capital626,814622,606618,219613,204607,077571,616565,609
Accumulated other comprehensive loss(7,698)(8,098)(8,245)(8,285)(8,672)(8,413)(8,373)
Accumulated deficit(449,842)(438,959)(421,499)(420,574)(390,647)(363,254)(348,719)
Total stockholders' equity:169,292175,567188,492184,362207,775199,966208,534
Other undisclosed liabilities and equity13,51012,9109,13050,44048,08045,84040,240
TOTAL LIABILITIES AND EQUITY:429,372431,314457,576488,466490,650413,720423,813

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Revenues
(Revenue, Net)
68,72055,07468,08765,16673,56970,02173,209
Cost of revenue
(Cost of Goods and Services Sold)
(23,826)(23,021)(23,029)(32,990)(25,228)(22,040)(23,349)
Gross profit:44,89432,05345,05832,17648,34147,98149,860
Operating expenses(51,258)(47,275)(41,400)(57,917)(56,189)(55,296)(45,783)
Operating income (loss):(6,364)(15,222)3,658(25,741)(7,848)(7,315)4,077
Nonoperating income (expense)(528)1,650(17,279)(276)892(3,550)(1,722)
Investment income, nonoperating890725 150135146123
Foreign currency transaction gain (loss), before tax(1,418)920 (426)757(3,697)(1,843)
Interest and debt expense(3,793)(3,740)23,916(7,432)(23,804)(6,985)(6,854)
Income (loss) from continuing operations before equity method investments, income taxes:(10,685)(17,312)10,295(33,449)(30,760)(17,850)(4,499)
Other undisclosed income (loss) from continuing operations before income taxes  (11,015)3,7943,6733,5473,480
Loss from continuing operations before income taxes:(10,685)(17,312)(720)(29,655)(27,087)(14,303)(1,019)
Income tax expense (benefit)(198)(147)(205)(272)(306)(232)103
Net loss available to common stockholders, diluted:(10,883)(17,459)(925)(29,927)(27,393)(14,535)(916)

Comprehensive Income ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Net loss:(10,883)(17,459)(925)(29,927)(27,393)(14,535)(916)
Other comprehensive loss     (40)(54)
Other undisclosed comprehensive loss  (88)    
Comprehensive loss:(10,883)(17,459)(1,013)(29,927)(27,393)(14,575)(970)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent400147128387(259)(459) 
Comprehensive loss, net of tax, attributable to parent:(10,483)(17,312)(885)(29,540)(27,652)(15,034)(970)

Statements sources

The financial statements are based on the company's filings with the 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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