LivaNova PLC (LIVN) Financial Statements (2024 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)

3/31/2024
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 investments266,504214,172207,992252,83261,13747,204
Cash and cash equivalents266,504214,172207,992252,83261,13747,204
Restricted cash and investments311,368301,446    
Receivables215,072183,110185,354184,356257,769256,135
Inventory, net of allowances, customer advances and progress billings147,887129,379105,840126,675164,154153,535
Inventory147,887129,379105,840126,675164,154153,535
Prepaid expense20,14531,70837,62160,24037,77946,852
Derivative instruments and hedges, assets  1,333106,629   
Disposal group, including discontinued operation    70,539  
Other undisclosed current assets27,18224,98835,74524,79228,60429,571
Total current assets:988,158886,136679,181719,434549,443533,297
Noncurrent Assets
Operating lease, right-of-use asset50,84535,83040,60050,52554,372
Property, plant and equipment154,181147,187150,066163,805181,354191,400
Long-term investments and receivables 22,84316,26616,59831,09427,25624,823
Long-term investments 22,84316,26616,59831,09427,25624,823
Intangible assets, net (including goodwill), including:894,947880,7931,011,5311,034,3241,031,5941,368,469
Goodwill782,941768,787899,525922,318915,794956,815
Intangible assets, net (excluding goodwill)     411,654
Other undisclosed intangible assets, net (including goodwill) 112,006112,006112,006112,006115,800 
Derivative instruments and hedges38,49654,393 72,302  
Deferred income tax assets118,8581,3842,1972,99068,676
Other noncurrent assets12,06316,23113,10211,2477,3564,781
Other undisclosed noncurrent assets149,172256,553287,676325,630491,746426,931
Total noncurrent assets:1,441,4051,408,6371,521,7701,691,9171,862,3542,016,404
TOTAL ASSETS:2,429,5632,294,7732,200,9512,411,3512,411,7972,549,701
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188,146149,905172,077185,539218,711223,550
Taxes payable15,14016,46312,71922,530
Accounts payable80,84574,31068,00073,66885,89276,735
Accrued liabilities107,30175,59588,93795,408120,100124,285
Debt18,11123,434229,67313,34377,39628,794
Deferred compensation liability94,63072,18779,26651,87970,42082,551
Derivative instruments and hedges, liabilities  5,886183,109   
Estimated litigation liability10,75629,48132,84528,612146,026161,851
Disposal group, including discontinued operation    29,679  
Other undisclosed current liabilities23,34016,505    
Total current liabilities:334,983297,398696,970309,052512,553496,746
Noncurrent Liabilities
Long-term debt and lease obligation568,543518,06745,768684,519306,357139,538
Long-term debt, excluding current maturities568,543518,0679,849642,298260,330139,538
Liabilities, other than long-term debt248,409200,49286,538217,701103,374180,109
Deferred revenue  14,1009,8008,6008,600
Deferred income tax liabilities11,5678,5167,7288,91532,219
Liability, pension and other postretirement and postemployment benefits17,25416,80419,10520,62822,79725,264
Estimated litigation liability    7,87824,378132,210
Other liabilities47,72945,84949,90549,74015,38022,635
Operating lease, liability45,38829,54835,91942,22146,027
Business combination, contingent consideration, liability 80,902     
Derivative instruments and hedges, liabilities45,56985,675 121,940  
Other undisclosed noncurrent liabilities 71,19277,03081,250105,796229,570
Total noncurrent liabilities:816,952789,751209,336983,470515,527549,217
Total liabilities:1,151,9351,087,149906,3061,292,5221,028,0801,045,963
Equity
Equity, attributable to parent1,277,6281,207,6241,294,6451,118,8291,383,7171,503,738
Common stock82,53382,42482,29576,30076,25776,144
Treasury stock, value(55)(375)(650)(1,034)(1,263)(1,462)
Additional paid in capital2,189,5172,157,7242,117,9611,768,1561,734,8701,705,111
Accumulated other comprehensive income (loss)(27,883)(48,119)(7,177)27,809(19,392)(24,476)
Accumulated deficit(966,484)(984,030)(897,784)(752,402)(406,755)(251,579)
Total equity:1,277,6281,207,6241,294,6451,118,8291,383,7171,503,738
TOTAL LIABILITIES AND EQUITY:2,429,5632,294,7732,200,9512,411,3512,411,7972,549,701

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,153,5451,021,8051,035,365934,2411,084,1701,106,961
Cost of revenue
(Cost of Goods and Services Sold)
(382,295)(314,577)(329,371)(308,062) (361,812)
Gross profit:771,250707,228705,994626,1791,084,170745,149
Operating expenses(716,736)(783,980)(706,778)(803,767)(873,854)(651,326)
Other operating expense, net(37,828)     
Other undisclosed operating loss(85,184)  (92,276)(379,186)(341,895)
Operating loss:(68,498)(76,752)(784)(269,864)(168,870)(248,072)
Nonoperating income21,9166,0718,028131803847
Investment income, nonoperating22,6215,6939,271131803847
Gain (loss), foreign currency transaction, before tax(705)378(1,243)   
Interest and debt expense(58,853)(48,250)(110,389)(40,837)(15,091)(9,825)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes24,20943,789(21,327)(33,417)(2,536)9,603
Loss from continuing operations before equity method investments, income taxes:(81,226)(75,142)(124,472)(343,987)(185,694)(247,447)
Loss from equity method investments(104)(53)(148)(264) (644)
Other undisclosed income from continuing operations before income taxes104    644
Loss from continuing operations before income taxes:(81,226)(75,195)(124,620)(344,251)(185,694)(247,447)
Income tax expense (benefit)98,876(11,051)(11,198)73630,15369,629
Income (loss) from continuing operations:17,650(86,246)(135,818)(343,515)(155,541)(177,818)
Loss before gain (loss) on sale of properties:(135,818)(343,515)(155,541)(177,818)
Net income (loss):17,650(86,246)(135,818)(343,515)(155,541)(177,818)
Other undisclosed net income (loss) attributable to parent(104)  (1,493)365(11,581)
Net income (loss) available to common stockholders, diluted:17,546(86,246)(135,818)(345,008)(155,176)(189,399)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):17,650(86,246)(135,818)(343,515)(155,541)(177,818)
Comprehensive income (loss):17,650(86,246)(135,818)(343,515)(155,541)(177,818)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent20,132(40,942)(34,986)45,7085,449(81,370)
Comprehensive income (loss), net of tax, attributable to parent:37,782(127,188)(170,804)(297,807)(150,092)(259,188)

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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