Merit Medical Systems, Inc. (MMSI) financial statements (2022 and earlier)

Company profile

Business Address 1600 WEST MERIT PARK WAY
SOUTH JORDAN, UT 84095
State of Incorp. UT
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 millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6857 673219
Cash and cash equivalents6857 673219
Restricted cash and investments2     
Receivables170154 14911586
Inventory, net of allowances, customer advances and progress billings222198 198155121
Inventory222198 198155121
Prepaid expense44 433
Other undisclosed current assets1717 121015
Total current assets:482430 430316243
Noncurrent Assets
Operating lease, right-of-use asset6678 
Property, plant and equipment372383 331293277
Intangible assets, net (including goodwill)362364 335238212
Goodwill362364 335238212
Deferred income tax assets65 
Other noncurrent assets4138 583528
Other undisclosed noncurrent assets319368 466230183
Total noncurrent assets:1,1661,235 1,190796699
TOTAL ASSETS:1,6481,664 1,6201,112943
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217165 1539678
Accounts payable5650 543531
Accrued liabilities159112 965945
Taxes payable33 322
Debt88 221910
Due to related parties     1
Other undisclosed current liabilities1113    
Total current liabilities:236185 17511688
Noncurrent Liabilities
Long-term debt and lease obligation296415 373259314
Long-term debt, excluding current maturities234344 373259314
Operating lease, liability6271 
Liabilities, other than long-term debt76106 826142
Deferred revenue and credits23
Accounts payable and accrued liabilities00 05 
Deferred revenue22 
Contract with customer, liability2
Deferred compensation liability, classified1817 11119
Deferred tax liabilities, net 2326
Deferred income tax liabilities3233 
Liability for uncertainty in income taxes11 330
Other liabilities2453 65164
Other undisclosed noncurrent liabilities   56  
Total noncurrent liabilities:372521 512320356
Total liabilities:608706 687435445
Stockholders' equity
Stockholders' equity attributable to parent1,040959 933676498
Common stock642606 571353206
Accumulated other comprehensive income (loss)(8)(5) (2)2(2)
Retained earnings406358 363321294
Total stockholders' equity:1,040959 933676498
TOTAL LIABILITIES AND EQUITY:1,6481,664 1,6201,112943

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,075964 883728604
Revenue, net728604
Cost of revenue
(Cost of Goods and Services Sold)
(589)(563) (488)(402)(339)
Gross profit:485401 395326265
Operating expenses(424)(403) (336)(293)(230)
Operating income (loss):61(2) 593335
Nonoperating income (expense)(7)(12) (9)3(9)
Investment income, nonoperating11 1110
Other nonoperating income (expense)(3)(2) 0(1)(1)
Interest and debt expense(5)(10) (10)(8)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes 10 1089
Income (loss) from continuing operations before equity method investments, income taxes:49(13) 503625
Other undisclosed income from continuing operations before income taxes5     
Income (loss) from continuing operations before income taxes:54(13) 503625
Income tax expense (benefit)(5)3 (8)(8)(5)
Net income (loss) available to common stockholders, diluted:48(10) 422820

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):48(10) 422820
Other comprehensive income (loss)(3)(0) (4)34
Comprehensive income (loss), net of tax, attributable to parent:46(10) 383124

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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