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 investments87,08395,81269,06945,11834,39131,486
Cash and cash equivalents87,08395,81269,06945,11834,39128,486
Short-term investments     3,000
Receivables41,09645,46832,34545467,15153,755
Inventory, net of allowances, customer advances and progress billings11,38910,3619,10415,98617,8147,460
Inventory11,38910,3619,10415,98617,8147,460
Prepaid expense6,1465,6056,6696,6735,894 
Other current assets2,8093,3716,0585,8181,288 
Other undisclosed current assets     3,609
Total current assets:148,523160,617123,24574,049126,53896,310
Noncurrent Assets
Finance lease, right-of-use asset145  
Operating lease, right-of-use asset4,6963,6233,397
Property, plant and equipment 11,43712,32817,42413,7869,475
Intangible assets, net (including goodwill)25,35925,98027,75329,58443,47114,803
Goodwill19,97619,97619,97619,97620,2034,040
Intangible assets, net (excluding goodwill)5,3836,0047,7779,60823,26810,763
Other noncurrent assets1863754431,787  
Other undisclosed noncurrent assets9,020   9,46815,325
Total noncurrent assets:39,40641,41543,92148,79566,72539,603
TOTAL ASSETS:187,929202,032167,166122,844193,263135,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,79257,69253,46354,86629,07419,678
Accounts payable7,3858,765    
Accrued liabilities9,81230,46032,16131,84210,9414,644
Employee-related liabilities23,59518,46721,30223,02412,36515,034
Taxes payable    5,768 
Debt  3,750   
Business combination, contingent consideration, liability    8,740 
Other liabilities1,5651,4701,3991,8171,482466
Other undisclosed current liabilities  8,71014,86411,4366,633
Total current liabilities:42,35759,16267,32271,54750,73226,777
Noncurrent Liabilities
Long-term debt and lease obligation48,12747,69761,906   
Long-term debt, excluding current maturities48,12747,69761,906   
Liabilities, other than long-term debt4,8693,7553,5401,6429,5311,148
Other liabilities4,8693,7553,5401,6428211,148
Business combination, contingent consideration, liability    8,710 
Total noncurrent liabilities:52,99651,45265,4461,6429,5311,148
Total liabilities:95,353110,614132,76873,18960,26327,925
Temporary equity, carrying amount92,49491,568    
Stockholders' equity
Stockholders' equity attributable to parent82(150)34,39849,655133,000107,988
Common stock113113113113110109
Treasury stock, value(4,017)(7,449)(10,806)(38,642)(2,216)(17,125)
Additional paid in capital165,695158,610147,231164,744161,261163,133
Accumulated deficit(161,709)(151,424)(102,140)(76,560)(26,155)(38,129)
Total stockholders' equity:82(150)34,39849,655133,000107,988
TOTAL LIABILITIES AND EQUITY:187,929202,032167,166122,844193,263135,913

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2016
12/31/2015
Revenues258,615248,234299,255359,111245,015187,296
Revenue, net245,015187,296
Cost of revenue
(Cost of Goods and Services Sold)
(43,283)(39,330)(43,081)(36,386)(32,407)(20,202)
Gross profit:215,332208,904256,174322,725212,608167,094
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)18,44624,364
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(23)(3)283527  
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)18,10724,278
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)18,10724,278
Income tax expense (benefit)(247)12,2595(26,582)(6,133)5,168
Net income (loss) attributable to parent:(10,285)(49,284)(25,580)(29,979)11,97429,446
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)11,97429,446

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)11,97429,446
Comprehensive income (loss), net of tax, attributable to parent:(10,285)(49,284)(25,580)(29,979)11,97429,446

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.

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