LivaNova PLC (LIVN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
20 EASTBOURNE TERRACE LONDON, W2 6LG |
| State of Incorp. | |
| 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 thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 428,858 | 266,504 | 214,172 | 207,992 | 252,832 | 61,137 | |||
| Cash and cash equivalent | 428,858 | 266,504 | 214,172 | 207,992 | 252,832 | 61,137 | |||
| Restricted cash and investments | 294,698 | 311,368 | 301,446 | ||||||
| Receivables | 193,158 | 215,072 | 183,110 | 185,354 | 184,356 | 257,769 | |||
| Inventory, net of allowances, customer advances and progress billings | 147,566 | 147,887 | 129,379 | 105,840 | 126,675 | 164,154 | |||
| Inventory | 147,566 | 147,887 | 129,379 | 105,840 | 126,675 | 164,154 | |||
| Prepaid expense | 30,544 | 20,145 | 31,708 | 37,621 | 60,240 | 37,779 | |||
| Derivative instruments and hedges, assets | 1,333 | 106,629 | |||||||
| Disposal group, including discontinued operation | 70,539 | ||||||||
| Other undisclosed current assets | 32,362 | 27,182 | 24,988 | 35,745 | 24,792 | 28,604 | |||
| Total current assets: | 1,127,186 | 988,158 | 886,136 | 679,181 | 719,434 | 549,443 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 46,837 | 50,845 | 35,830 | 40,600 | 50,525 | 54,372 | |||
| Property, plant and equipment | 170,260 | 154,181 | 147,187 | 150,066 | 163,805 | 181,354 | |||
| Long-term investments and receivables | 25,084 | 22,843 | 16,266 | 16,598 | 31,094 | 27,256 | |||
| Long-term investments | 25,084 | 22,843 | 16,266 | 16,598 | 31,094 | 27,256 | |||
| Intangible assets, net (including goodwill), including: | 862,006 | 894,947 | 880,793 | 1,011,531 | 1,034,324 | 1,031,594 | |||
| Goodwill | 750,006 | 782,941 | 768,787 | 899,525 | 922,318 | 915,794 | |||
| Intangible assets, net (excluding goodwill) | |||||||||
| Other undisclosed intangible assets, net (including goodwill) | 112,000 | 112,006 | 112,006 | 112,006 | 112,006 | 115,800 | |||
| Derivative instruments and hedges | 23,735 | 38,496 | 54,393 | 72,302 | |||||
| Deferred income tax assets | 111,855 | 118,858 | 1,384 | 2,197 | 2,990 | 68,676 | |||
| Other noncurrent assets | 14,132 | 12,063 | 16,231 | 13,102 | 11,247 | 7,356 | |||
| Other undisclosed noncurrent assets | 125,294 | 149,172 | 256,553 | 287,676 | 325,630 | 491,746 | |||
| Total noncurrent assets: | 1,379,203 | 1,441,405 | 1,408,637 | 1,521,770 | 1,691,917 | 1,862,354 | |||
| TOTAL ASSETS: | 2,506,389 | 2,429,563 | 2,294,773 | 2,200,951 | 2,411,351 | 2,411,797 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 188,211 | 188,146 | 149,905 | 172,077 | 185,539 | 218,711 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 15,140 | 16,463 | 12,719 | ||
| Accounts payable | 69,726 | 80,845 | 74,310 | 68,000 | 73,668 | 85,892 | |||
| Accrued liabilities | 118,485 | 107,301 | 75,595 | 88,937 | 95,408 | 120,100 | |||
| Debt | 78,004 | 18,111 | 23,434 | 229,673 | 13,343 | 77,396 | |||
| Deferred compensation liability | 80,536 | 94,630 | 72,187 | 79,266 | 51,879 | 70,420 | |||
| Derivative instruments and hedges, liabilities | 5,886 | 183,109 | |||||||
| Estimated litigation liability | 12,918 | 10,756 | 29,481 | 32,845 | 28,612 | 146,026 | |||
| Accrued environmental loss contingencies | |||||||||
| Disposal group, including discontinued operation | 29,679 | ||||||||
| Other undisclosed current liabilities | 32,456 | 23,340 | 16,505 | ||||||
| Total current liabilities: | 392,125 | 334,983 | 297,398 | 696,970 | 309,052 | 512,553 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 549,624 | 568,543 | 518,067 | 45,768 | 684,519 | 306,357 | |||
| Long-term debt, excluding current maturities | 549,624 | 568,543 | 518,067 | 9,849 | 642,298 | 260,330 | |||
| Liabilities, other than long-term debt | 244,382 | 248,409 | 200,492 | 86,538 | 217,701 | 103,374 | |||
| Deferred revenue | 14,100 | 9,800 | 8,600 | 8,600 | |||||
| Deferred income tax liabilities | 10,915 | 11,567 | 8,516 | 7,728 | 8,915 | 32,219 | |||
| Liability, pension and other postretirement and postemployment benefits | 12,847 | 17,254 | 16,804 | 19,105 | 20,628 | 22,797 | |||
| Estimated litigation liability | 7,878 | 24,378 | |||||||
| Other liabilities | 44,478 | 47,729 | 45,849 | 49,905 | 49,740 | 15,380 | |||
| Operating lease, liability | 40,105 | 45,388 | 29,548 | 35,919 | 42,221 | 46,027 | |||
| Business combination, contingent consideration, liability | 84,218 | 80,902 | |||||||
| Derivative instruments and hedges, liabilities | 51,819 | 45,569 | 85,675 | 121,940 | |||||
| Other undisclosed noncurrent liabilities | 71,192 | 77,030 | 81,250 | 105,796 | |||||
| Total noncurrent liabilities: | 794,006 | 816,952 | 789,751 | 209,336 | 983,470 | 515,527 | |||
| Total liabilities: | 1,186,131 | 1,151,935 | 1,087,149 | 906,306 | 1,292,522 | 1,028,080 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,320,258 | 1,277,628 | 1,207,624 | 1,294,645 | 1,118,829 | 1,383,717 | |||
| Common stock | 83,156 | 82,533 | 82,424 | 82,295 | 76,300 | 76,257 | |||
| Treasury stock, value | (136) | (55) | (375) | (650) | (1,034) | (1,263) | |||
| Additional paid in capital | 2,220,658 | 2,189,517 | 2,157,724 | 2,117,961 | 1,768,156 | 1,734,870 | |||
| Accumulated other comprehensive income (loss) | (80,170) | (27,883) | (48,119) | (7,177) | 27,809 | (19,392) | |||
| Accumulated deficit | (903,250) | (966,484) | (984,030) | (897,784) | (752,402) | (406,755) | |||
| Total equity: | 1,320,258 | 1,277,628 | 1,207,624 | 1,294,645 | 1,118,829 | 1,383,717 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,506,389 | 2,429,563 | 2,294,773 | 2,200,951 | 2,411,351 | 2,411,797 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,253,437 | 1,153,545 | 1,021,805 | 1,035,365 | 934,241 | 1,084,170 | ||
| Cost of revenue (Cost of Product and Service Sold) | (382,564) | (382,295) | (314,577) | (329,371) | (308,062) | |||
| Gross profit: | 870,873 | 771,250 | 707,228 | 705,994 | 626,179 | 1,084,170 | ||
| Operating expenses | (708,779) | (716,736) | (783,980) | (706,778) | (803,767) | (873,854) | ||
| Other operating expense, net | (33,043) | (37,828) | ||||||
| Other undisclosed operating loss | (85,184) | (92,276) | (379,186) | |||||
| Operating income (loss): | 129,051 | (68,498) | (76,752) | (784) | (269,864) | (168,870) | ||
| Nonoperating income | 33,352 | 21,916 | 6,071 | 8,028 | 131 | 803 | ||
| Investment income, nonoperating | 37,219 | 22,621 | 5,693 | 9,271 | 131 | 803 | ||
| Gain (loss), foreign currency transaction, before tax | (4,881) | (705) | 378 | (1,243) | ||||
| Interest and debt expense | (88,552) | (58,853) | (48,250) | (110,389) | (40,837) | (15,091) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 14,459 | 24,209 | 43,789 | (21,327) | (33,417) | (2,536) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 88,310 | (81,226) | (75,142) | (124,472) | (343,987) | (185,694) | ||
| Loss from equity method investments | (18) | (104) | (53) | (148) | (264) | |||
| Other undisclosed income from continuing operations before income taxes | 18 | 104 | ||||||
| Income (loss) from continuing operations before income taxes: | 88,310 | (81,226) | (75,195) | (124,620) | (344,251) | (185,694) | ||
| Income tax expense (benefit) | (25,058) | 98,876 | (11,051) | (11,198) | 736 | 30,153 | ||
| Income (loss) from continuing operations: | 63,252 | 17,650 | (86,246) | (135,818) | (343,515) | (155,541) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (135,818) | (343,515) | (155,541) | |
| Net income (loss): | 63,252 | 17,650 | (86,246) | (135,818) | (343,515) | (155,541) | ||
| Other undisclosed net income (loss) attributable to parent | (18) | (104) | (1,493) | 365 | ||||
| Net income (loss) available to common stockholders, diluted: | 63,234 | 17,546 | (86,246) | (135,818) | (345,008) | (155,176) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 63,252 | 17,650 | (86,246) | (135,818) | (343,515) | (155,541) | ||
| Comprehensive income (loss): | 63,252 | 17,650 | (86,246) | (135,818) | (343,515) | (155,541) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (52,305) | 20,132 | (40,942) | (34,986) | 45,708 | 5,449 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,947 | 37,782 | (127,188) | (170,804) | (297,807) | (150,092) | ||
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.