MiMedx Group, Inc (MDXG) financial statements (2022 and earlier)
Company profile
| Business Address |
1775 W OAK COMMONS COURT, NE MARIETTA, GA 30062 |
| State of Incorp. | |
| 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 87,083 | 95,812 | 69,069 | 45,118 | 34,391 | 31,486 | ||
| Cash and cash equivalents | 87,083 | 95,812 | 69,069 | 45,118 | 34,391 | 28,486 | ||
| Short-term investments | 3,000 | |||||||
| Receivables | 41,096 | 45,468 | 32,345 | 454 | 67,151 | 53,755 | ||
| Inventory, net of allowances, customer advances and progress billings | 11,389 | 10,361 | 9,104 | 15,986 | 17,814 | 7,460 | ||
| Inventory | 11,389 | 10,361 | 9,104 | 15,986 | 17,814 | 7,460 | ||
| Prepaid expense | 6,146 | 5,605 | 6,669 | 6,673 | 5,894 | |||
| Other current assets | 2,809 | 3,371 | 6,058 | 5,818 | 1,288 | |||
| Other undisclosed current assets | 3,609 | |||||||
| Total current assets: | 148,523 | 160,617 | 123,245 | 74,049 | 126,538 | 96,310 | ||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 145 | ✕ | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 4,696 | 3,623 | 3,397 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 11,437 | 12,328 | 17,424 | 13,786 | 9,475 | |||
| Intangible assets, net (including goodwill) | 25,359 | 25,980 | 27,753 | 29,584 | 43,471 | 14,803 | ||
| Goodwill | 19,976 | 19,976 | 19,976 | 19,976 | 20,203 | 4,040 | ||
| Intangible assets, net (excluding goodwill) | 5,383 | 6,004 | 7,777 | 9,608 | 23,268 | 10,763 | ||
| Other noncurrent assets | 186 | 375 | 443 | 1,787 | ||||
| Other undisclosed noncurrent assets | 9,020 | 9,468 | 15,325 | |||||
| Total noncurrent assets: | 39,406 | 41,415 | 43,921 | 48,795 | 66,725 | 39,603 | ||
| TOTAL ASSETS: | 187,929 | 202,032 | 167,166 | 122,844 | 193,263 | 135,913 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 40,792 | 57,692 | 53,463 | 54,866 | 29,074 | 19,678 | ||
| Accounts payable | 7,385 | 8,765 | ||||||
| Accrued liabilities | 9,812 | 30,460 | 32,161 | 31,842 | 10,941 | 4,644 | ||
| Employee-related liabilities | 23,595 | 18,467 | 21,302 | 23,024 | 12,365 | 15,034 | ||
| Taxes payable | 5,768 | |||||||
| Debt | 3,750 | |||||||
| Business combination, contingent consideration, liability | 8,740 | |||||||
| Other liabilities | 1,565 | 1,470 | 1,399 | 1,817 | 1,482 | 466 | ||
| Other undisclosed current liabilities | 8,710 | 14,864 | 11,436 | 6,633 | ||||
| Total current liabilities: | 42,357 | 59,162 | 67,322 | 71,547 | 50,732 | 26,777 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 48,127 | 47,697 | 61,906 | |||||
| Long-term debt, excluding current maturities | 48,127 | 47,697 | 61,906 | |||||
| Liabilities, other than long-term debt | 4,869 | 3,755 | 3,540 | 1,642 | 9,531 | 1,148 | ||
| Other liabilities | 4,869 | 3,755 | 3,540 | 1,642 | 821 | 1,148 | ||
| Business combination, contingent consideration, liability | 8,710 | |||||||
| Total noncurrent liabilities: | 52,996 | 51,452 | 65,446 | 1,642 | 9,531 | 1,148 | ||
| Total liabilities: | 95,353 | 110,614 | 132,768 | 73,189 | 60,263 | 27,925 | ||
| Temporary equity, carrying amount | 92,494 | 91,568 | ||||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 82 | (150) | 34,398 | 49,655 | 133,000 | 107,988 | ||
| Common stock | 113 | 113 | 113 | 113 | 110 | 109 | ||
| Treasury stock, value | (4,017) | (7,449) | (10,806) | (38,642) | (2,216) | (17,125) | ||
| Additional paid in capital | 165,695 | 158,610 | 147,231 | 164,744 | 161,261 | 163,133 | ||
| Accumulated deficit | (161,709) | (151,424) | (102,140) | (76,560) | (26,155) | (38,129) | ||
| Total stockholders' equity: | 82 | (150) | 34,398 | 49,655 | 133,000 | 107,988 | ||
| TOTAL LIABILITIES AND EQUITY: | 187,929 | 202,032 | 167,166 | 122,844 | 193,263 | 135,913 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 258,615 | 248,234 | 299,255 | 359,111 | 245,015 | 187,296 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 245,015 | 187,296 | |
| Cost of revenue (Cost of Goods and Services Sold) | (43,283) | (39,330) | (43,081) | (36,386) | (32,407) | (20,202) | |
| Gross profit: | 215,332 | 208,904 | 256,174 | 322,725 | 212,608 | 167,094 | |
| Operating expenses | (216,523) | (193,810) | (210,830) | (275,327) | (194,162) | (142,730) | |
| Other undisclosed operating loss | (3,844) | (60,492) | (66,504) | (51,322) | |||
| Operating income (loss): | (5,035) | (45,398) | (21,160) | (3,924) | 18,446 | 24,364 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (23) | (3) | 283 | 527 | |||
| Interest and debt expense | (13) | (8,201) | (6,650) | (339) | (86) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (7,941) | 1,942 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (5,071) | (61,543) | (25,585) | (3,397) | 18,107 | 24,278 | |
| Other undisclosed loss from continuing operations before income taxes | (4,967) | ||||||
| Income (loss) from continuing operations before income taxes: | (10,038) | (61,543) | (25,585) | (3,397) | 18,107 | 24,278 | |
| Income tax expense (benefit) | (247) | 12,259 | 5 | (26,582) | (6,133) | 5,168 | |
| Net income (loss) attributable to parent: | (10,285) | (49,284) | (25,580) | (29,979) | 11,974 | 29,446 | |
| Other undisclosed net loss available to common stockholders, basic | (6,136) | (34,044) | |||||
| Net income (loss) available to common stockholders, diluted: | (16,421) | (83,328) | (25,580) | (29,979) | 11,974 | 29,446 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (10,285) | (49,284) | (25,580) | (29,979) | 11,974 | 29,446 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (10,285) | (49,284) | (25,580) | (29,979) | 11,974 | 29,446 | |
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.