Heartware International Inc (HTWR) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 OLD CONNECTICUT PATH
FRAMINGHAM, MA 01701
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)

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:189,200244,600249,500252,000174,100179,700
Cash and cash equivalents113,256175,047184,882181,222102,525102,946
Short-term investments74,95268,53163,39169,57470,35475,535
Other undisclosed cash, cash equivalents, and short-term investments9921,0221,2271,2041,2211,219
Receivables29,47235,57034,96835,64836,56638,041
Inventory, net of allowances, customer advances and progress billings43,40747,68647,24550,57152,35654,046
Inventory43,40747,68647,24550,57152,35654,046
Other undisclosed current assets5,9131,8465,5175,0726,0384,756
Total current assets:267,992329,702337,230343,291269,060276,543
Noncurrent Assets
Inventory, Noncurrent 7,367     
Property, plant and equipment14,60215,09815,71117,00517,02019,036
Long-term investments and receivables, including:3,9532,500    
Long-term investments63,668     
Other undisclosed long-term investments and receivables (59,715)2,500    
Intangible assets, net (including goodwill)74,25274,27879,20878,84879,00879,197
Goodwill61,28261,23361,27361,25461,22361,390
Intangible assets, net (excluding goodwill)12,97013,04517,93517,59417,78517,807
Other noncurrent assets980     
Other undisclosed noncurrent assets62,16835,99856,31751,50648,63249,037
Total noncurrent assets:163,322127,874151,236147,359144,660147,270
TOTAL ASSETS:431,314457,576488,466490,650413,720423,813
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities49,23061,13871,63354,08853,92364,952
Taxes payable      1,637
Employee-related liabilities   11,43910,6019,57813,404
Accounts payable13,70915,24912,73111,07110,67413,322
Accrued liabilities35,52145,88947,46332,41633,67136,589
Restructuring reserve   1,1521,3132,3721,266
Other undisclosed current liabilities   (12,591)(11,914)(11,950)(16,307)
Total current liabilities:49,23061,13860,19443,48744,34549,911
Noncurrent Liabilities
Long-term debt and lease obligation189,572191,062188,790186,565116,871114,803
Long-term debt, excluding current maturities189,572191,062188,790186,565116,871114,803
Liabilities, other than long-term debt4,0357,7544,6804,7436,69810,325
Deferred revenue and credits  3,200   3,500
Other liabilities4,0354,5544,6804,7436,6986,825
Total noncurrent liabilities:193,607198,816193,470191,308123,569125,128
Total liabilities:242,837259,954253,664234,795167,914175,039
Equity
Equity, attributable to parent175,567188,492184,362207,775199,966208,534
Common stock181717171717
Additional paid in capital622,606618,219613,204607,077571,616565,609
Accumulated other comprehensive loss(8,098)(8,245)(8,285)(8,672)(8,413)(8,373)
Accumulated deficit(438,959)(421,499)(420,574)(390,647)(363,254)(348,719)
Total equity:175,567188,492184,362207,775199,966208,534
Other undisclosed liabilities and equity12,9109,13050,44048,08045,84040,240
TOTAL LIABILITIES AND EQUITY:431,314457,576488,466490,650413,720423,813

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)
55,07468,08765,16673,56970,02173,209
Cost of revenue
(Cost of Goods and Services Sold)
(23,021)(23,029)(32,990)(25,228)(22,040)(23,349)
Gross profit:32,05345,05832,17648,34147,98149,860
Operating expenses(47,275)(41,400)(57,917)(56,189)(55,296)(45,783)
Operating income (loss):(15,222)3,658(25,741)(7,848)(7,315)4,077
Nonoperating income (expense)1,650(17,279)(276)892(3,550)(1,722)
Investment income, nonoperating725 150135146123
Gain (loss), foreign currency transaction, before tax920 (426)757(3,697)(1,843)
Interest and debt expense(3,740)23,916(7,432)(23,804)(6,985)(6,854)
Income (loss) from continuing operations before equity method investments, income taxes:(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:(17,312)(720)(29,655)(27,087)(14,303)(1,019)
Income tax expense (benefit)(147)(205)(272)(306)(232)103
Loss from continuing operations:(17,459)(925)(29,927)(27,393)(14,535)(916)
Loss before gain (loss) on sale of properties:(17,459)(925)(29,927)(27,393)(14,535)(916)
Net loss available to common stockholders, diluted:(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:(17,459)(925)(29,927)(27,393)(14,535)(916)
Other comprehensive loss     (40)(54)
Other undisclosed comprehensive loss  (88)    
Comprehensive loss:(17,459)(1,013)(29,927)(27,393)(14,575)(970)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent147128387(259)(459) 
Comprehensive loss, net of tax, attributable to parent:(17,312)(885)(29,540)(27,652)(15,034)(970)

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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