Integer Holdings Corporation (ITGR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5830 GRANITE PARKWAY., SUITE 1150 PLANO, TX 75024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 24 | 24 | 18 | 49 | 14 | 26 | |||
| Cash and cash equivalents | 24 | 24 | 18 | 49 | 14 | 26 | |||
| Receivables | 240 | 226 | 187 | 158 | 192 | 186 | |||
| Inventory, net of allowances, customer advances and progress billings | 240 | 209 | 156 | 149 | 167 | 190 | |||
| Inventory | 240 | 209 | 156 | 149 | 167 | 190 | |||
| Contract with customer, asset, after allowance for credit loss | 86 | 72 | 65 | 40 | 25 | ||||
| Other undisclosed current assets | 28 | 27 | 28 | 16 | 18 | 15 | |||
| Total current assets: | 618 | 558 | 453 | 413 | 415 | 416 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 12 | 9 | ✕ | ||||||
| Operating lease, right-of-use asset | 82 | 75 | 70 | 45 | 42 | ✕ | |||
| Property, plant and equipment | 408 | 317 | 277 | 254 | 246 | 231 | |||
| Intangible assets, net (including goodwill) | 1,794 | 1,802 | 1,733 | 1,617 | 1,615 | 1,645 | |||
| Goodwill | 1,011 | 982 | 925 | 859 | 840 | 832 | |||
| Intangible assets, net (excluding goodwill) | 783 | 820 | 808 | 757 | 776 | 812 | |||
| Deferred income tax assets | 7 | 6 | 6 | 4 | 4 | ✕ | |||
| Other noncurrent assets | 22 | 27 | 44 | 39 | 29 | 31 | |||
| Other undisclosed noncurrent assets | 4 | ||||||||
| Total noncurrent assets: | 2,325 | 2,236 | 2,129 | 1,959 | 1,938 | 1,910 | |||
| TOTAL ASSETS: | 2,943 | 2,794 | 2,582 | 2,372 | 2,353 | 2,327 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 208 | 184 | 135 | 110 | 134 | 127 | |||
| Taxes payable | ✕ | ✕ | ✕ | 1 | 2 | 3 | 9 | ||
| Accounts payable | 120 | 111 | 77 | 52 | 65 | 57 | |||
| Accrued liabilities | 88 | 73 | 57 | 57 | 66 | 60 | |||
| Deferred revenue | ✕ | ||||||||
| Debt | 18 | 16 | 38 | 45 | 38 | ||||
| Accrued environmental loss contingencies | 0 | 0 | 0 | 0 | |||||
| Business combination, contingent consideration, liability | 1 | 2 | |||||||
| Other undisclosed current liabilities | 12 | 21 | 8 | 6 | |||||
| Total current liabilities: | 221 | 224 | 160 | 156 | 179 | 165 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 970 | 915 | 873 | 732 | 814 | 888 | |||
| Long-term debt, excluding current maturities | 960 | 907 | 813 | 694 | 777 | 888 | |||
| Finance lease, liability | 10 | 8 | ✕ | ||||||
| Liabilities, other than long-term debt | 232 | 238 | 195 | 213 | 207 | 11 | |||
| Deferred income tax liabilities | 146 | 161 | 172 | 182 | 188 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 1 | ||||||||
| Other liabilities | 14 | 13 | 24 | 31 | 19 | 10 | |||
| Operating lease, liability | 72 | 64 | 60 | 38 | 37 | ✕ | |||
| Other undisclosed noncurrent liabilities | 203 | ||||||||
| Total noncurrent liabilities: | 1,203 | 1,153 | 1,068 | 945 | 1,022 | 1,102 | |||
| Total liabilities: | 1,424 | 1,377 | 1,228 | 1,101 | 1,201 | 1,266 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,519 | 1,417 | 1,355 | 1,271 | 1,152 | 1,060 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (9) | (8) | |||||||
| Additional paid in capital | 727 | 731 | 713 | 701 | 701 | 691 | |||
| Accumulated other comprehensive income | 20 | 5 | 27 | 53 | 20 | 33 | |||
| Retained earnings | 771 | 681 | 614 | 518 | 440 | 344 | |||
| Total equity: | 1,519 | 1,417 | 1,355 | 1,271 | 1,152 | 1,060 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,943 | 2,794 | 2,582 | 2,372 | 2,353 | 2,327 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,597 | 1,376 | 1,221 | 1,073 | 1,258 | 1,215 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,178) | (1,017) | (884) | (788) | (903) | (852) | ||
| Gross profit: | 418 | 359 | 337 | 286 | 355 | 363 | ||
| Operating expenses | (251) | (238) | (201) | (165) | (197) | (207) | ||
| Operating income: | 167 | 121 | 136 | 121 | 158 | 156 | ||
| Nonoperating income (expense) | (7) | 1 | 0 | (2) | 1 | (1) | ||
| Investment income, nonoperating | (6) | |||||||
| Other nonoperating income (expense) | (1) | 1 | 0 | (2) | 1 | (1) | ||
| Interest and debt expense | (53) | (39) | (32) | (38) | (53) | (99) | ||
| Income from continuing operations before equity method investments, income taxes: | 107 | 84 | 104 | 81 | 106 | 55 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (8) | (3) | 5 | (0) | 6 | |||
| Income from continuing operations before income taxes: | 107 | 76 | 101 | 86 | 105 | 61 | ||
| Income tax expense | (17) | (11) | (8) | (9) | (14) | (14) | ||
| Income from continuing operations: | 91 | 65 | 93 | 77 | 91 | 47 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 97 | 77 | 96 | 168 | |
| Income from discontinued operations | 1 | 4 | 5 | 121 | ||||
| Net income available to common stockholders, diluted: | 91 | 66 | 97 | 77 | 96 | 168 | ||
Comprehensive Income ($ in millions)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 91 | 66 | 97 | 77 | 96 | 168 | ||
| Other comprehensive income (loss) | 15 | (22) | (26) | 33 | (13) | (20) | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income: | 106 | 45 | 71 | 110 | 83 | 148 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income, net of tax, attributable to parent: | 106 | 45 | 71 | 110 | 83 | 148 | ||
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.