NuVasive, Inc. (NUVA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7475 LUSK BLVD SAN DIEGO, CA 92121 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3841 - Surgical and Medical Instruments and Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 252 | 246 | 1,030 | 213 | 118 | 73 | |||
| Cash and cash equivalent | 249 | 246 | 857 | 213 | 118 | 73 | |||
| Short-term investments | 3 | 173 | |||||||
| Restricted cash and investments | 4 | ||||||||
| Receivables | 249 | 214 | 207 | 212 | 196 | 199 | |||
| Inventory, net of allowances, customer advances and progress billings | 339 | 316 | 301 | 312 | 273 | 247 | |||
| Inventory | 339 | 316 | 301 | 312 | 273 | 247 | |||
| Prepaid expense | 7 | 5 | 5 | 10 | 17 | 17 | |||
| Other undisclosed current assets | 18 | 21 | 20 | 17 | 14 | 19 | |||
| Total current assets: | 865 | 802 | 1,562 | 764 | 618 | 559 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1 | ✕ | ✕ | ||||||
| Operating lease, right-of-use asset | 95 | 103 | 102 | 67 | ✕ | ✕ | |||
| Property, plant and equipment | 304 | 286 | 266 | 239 | 215 | ||||
| Intangible assets, net (including goodwill) | 824 | 876 | 712 | 762 | 813 | 818 | |||
| Goodwill | 640 | 633 | 560 | 561 | 561 | 537 | |||
| Intangible assets, net (excluding goodwill) | 184 | 243 | 152 | 201 | 252 | 281 | |||
| Restricted cash and investments | 1 | 1 | 1 | 1 | 2 | 1 | |||
| Deferred income tax assets | 68 | 48 | 16 | ✕ | ✕ | ||||
| Other noncurrent assets | 24 | 19 | 13 | 15 | 30 | 39 | |||
| Other undisclosed noncurrent assets | 347 | 8 | 5 | 6 | |||||
| Total noncurrent assets: | 1,359 | 1,352 | 1,131 | 1,121 | 1,090 | 1,080 | |||
| TOTAL ASSETS: | 2,225 | 2,154 | 2,693 | 1,885 | 1,708 | 1,639 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 120 | 116 | 110 | 97 | 106 | 75 | |||
| Settlement liabilities | ✕ | ✕ | 2 | 5 | |||||
| Interest and dividends payable | ✕ | ✕ | 1 | 5 | |||||
| Accounts payable | 20 | 16 | 17 | 12 | 9 | 4 | |||
| Accrued liabilities | 70 | 69 | 59 | 63 | 70 | 42 | |||
| Other undisclosed accounts payable and accrued liabilities | 30 | 28 | 23 | 22 | 27 | 28 | |||
| Debt | 449 | 2 | 647 | 6 | 0 | 1 | |||
| Estimated litigation liability | 1 | 8 | |||||||
| Business combination, contingent consideration, liability | 67 | 8 | 7 | 16 | 8 | 19 | |||
| Other undisclosed current liabilities | 80 | 76 | 72 | 88 | 64 | 58 | |||
| Total current liabilities: | 716 | 201 | 836 | 207 | 179 | 161 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 444 | 997 | 878 | 697 | 603 | 583 | |||
| Long-term debt, excluding current maturities | 444 | 885 | 766 | 623 | 603 | 583 | |||
| Finance lease, liability | 1 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 195 | 161 | 55 | 52 | 91 | 96 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 5 | 19 | ||
| Deferred income tax liabilities | 13 | 3 | 3 | ✕ | ✕ | ||||
| Other liabilities | 15 | 19 | 52 | 52 | 86 | 78 | |||
| Operating lease, liability | 104 | 112 | 112 | 73 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 64 | 140 | |||||||
| Other undisclosed noncurrent liabilities | 14 | ||||||||
| Total noncurrent liabilities: | 640 | 1,158 | 933 | 763 | 694 | 679 | |||
| Total liabilities: | 1,356 | 1,359 | 1,769 | 970 | 873 | 840 | |||
| Temporary equity, including noncontrolling interest | 5 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 869 | 795 | 919 | 915 | 835 | 795 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | ||||
| Treasury stock, value | (683) | (678) | (669) | (588) | (572) | (566) | |||
| Additional paid in capital | 1,469 | 1,435 | 1,550 | 1,430 | 1,398 | 1,364 | |||
| Accumulated other comprehensive loss | (3) | (8) | (8) | (9) | (9) | (7) | |||
| Retained earnings | 86 | 46 | 45 | 82 | 17 | 5 | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Equity, attributable to noncontrolling interest | 4 | ||||||||
| Total equity: | 869 | 795 | 919 | 915 | 835 | 799 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,225 | 2,154 | 2,693 | 1,885 | 1,708 | 1,639 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,202 | 1,139 | 1,051 | 1,168 | 1,102 | 1,030 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,030 | |
| Cost of revenue (Cost of Product and Service Sold) | (337) | (322) | (322) | (312) | (311) | (269) | ||
| Gross profit: | 865 | 817 | 729 | 856 | 791 | 761 | ||
| Operating expenses | (777) | (829) | (691) | (733) | (736) | (647) | ||
| Operating income (loss): | 88 | (12) | 38 | 123 | 54 | 113 | ||
| Nonoperating expense | (36) | (46) | (86) | (43) | (45) | (39) | ||
| Investment income, nonoperating | 3 | 0 | 1 | 2 | 1 | 0 | ||
| Other nonoperating expense | (21) | (25) | (17) | (6) | (8) | (2) | ||
| Interest and debt expense | (0) | (0) | (0) | (0) | (38) | (38) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 52 | (58) | (48) | 80 | (29) | 36 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 0 | 0 | 38 | 38 | ||
| Income (loss) from continuing operations before income taxes: | 52 | (58) | (48) | 81 | 9 | 74 | ||
| Income tax expense (benefit) | (12) | (6) | 10 | (15) | 4 | 7 | ||
| Income (loss) from continuing operations: | 40 | (64) | (37) | 65 | 12 | 81 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (64) | (37) | 65 | 12 | 81 | ||
| Net income (loss): | 40 | (64) | (37) | 65 | 12 | 81 | ||
| Net income attributable to noncontrolling interest | 2 | |||||||
| Net income (loss) available to common stockholders, diluted: | 40 | (64) | (37) | 65 | 12 | 83 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 40 | (64) | (37) | 65 | 12 | 81 | ||
| Other comprehensive income (loss) | (0) | 2 | (1) | (2) | 4 | |||
| Comprehensive income (loss): | 40 | (64) | (35) | 64 | 11 | 85 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2 | |||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 5 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 45 | (64) | (35) | 64 | 11 | 87 | ||
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.