Insulet Corporation (PODD) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 NAGOG PARK
ACTON, MA 01720
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 thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Restricted cash and investments15,400 5005001,2001,100
Receivables  217,200205,600201,400206,600189,300
Inventory, net of allowances, customer advances and progress billings411,300386,100346,800327,600320,400314,800
Inventory411,300386,100346,800327,600320,400314,800
Capitalized contract cost16,30016,00015,20014,20014,00013,600
Other undisclosed current assets978,500710,700745,900785,400766,900766,600
Total current assets:1,421,5001,330,0001,314,0001,329,1001,309,1001,285,400
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization      
Operating lease, right-of-use asset      
Property, plant and equipment601,500596,600599,900553,100535,800538,200
Intangible assets, net (including goodwill)151,200151,900127,200105,300106,900104,600
Goodwill51,70051,70051,70051,60051,80051,800
Intangible assets, net (excluding goodwill)99,500100,20075,50053,70055,10052,800
Capitalized contract cost, net      
Other noncurrent assets211,600210,600210,000178,700161,900141,000
Other undisclosed noncurrent assets      
Total noncurrent assets:964,300959,100937,100837,100804,600783,800
TOTAL ASSETS:2,385,8002,289,1002,251,1002,166,2002,113,7002,069,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities107,500349,500331,800372,300306,500188,000
Employee-related liabilities68,50056,800
Accounts payable107,50085,90030,80062,10057,20052,200
Accrued liabilities  263,600301,000241,700192,500135,800
Deferred revenue19,400     
Debt29,20027,80027,50026,90026,30025,700
Other undisclosed current liabilities268,9006,0005,400(65,000)(53,500)1,300
Total current liabilities:425,000383,300364,700334,200279,300215,000
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,368,6001,368,8001,374,3001,379,8001,385,2001,390,500
Long-term debt, excluding current maturities 1,368,6001,368,8001,374,3001,379,8001,385,2001,390,500
Other undisclosed long-term debt and lease obligation      
Liabilities, other than long-term debt38,30034,20035,70024,20026,80017,000
Other liabilities38,30034,20035,70024,20026,80017,000
Total noncurrent liabilities:1,406,9001,403,0001,410,0001,404,0001,412,0001,407,500
Total liabilities:1,831,9001,786,3001,774,7001,738,2001,691,3001,622,500
Equity
Equity, attributable to parent553,900502,800476,400428,000422,400446,700
Common stock100100100100100100
Additional paid in capital1,070,7001,047,3001,040,6001,022,4001,011,200995,500
Accumulated other comprehensive income16,30015,90020,0006,8007,20012,200
Accumulated deficit(533,200)(560,500)(584,300)(601,300)(596,100)(561,100)
Total equity:553,900502,800476,400428,000422,400446,700
TOTAL LIABILITIES AND EQUITY:2,385,8002,289,1002,251,1002,166,2002,113,7002,069,200

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues396,500358,100369,700340,800299,400295,400
Revenue from related parties96,80087,10058,90055,50048,400
Cost of revenue
(Cost of Goods and Services Sold)
(131,600)(117,600)(152,400)(152,500)(109,100)(85,700)
Gross profit:264,900240,500217,300188,300190,300209,700
Operating expenses(233,800)(212,800)(193,800)(185,400)(217,000)(171,800)
Operating income (loss):31,10027,70023,5002,900(26,700)37,900
Nonoperating income (expense)(200)(200)1,500(1,800)(1,100)300
Investment income, nonoperating      
Other nonoperating income (expense)(200)(200)1,500(1,800)(1,100)300
Interest and debt expense(9,700)(9,400)(9,200)(9,200)(9,100)(9,000)
Income (loss) from continuing operations before equity method investments, income taxes:21,20018,10015,800(8,100)(36,900)29,200
Other undisclosed income from continuing operations before income taxes 7,3006,5006,5002,400800100
Income (loss) from continuing operations before income taxes:28,50024,60022,300(5,700)(36,100)29,300
Income tax expense (benefit)(1,200)(800)(5,300)5001,100(1,500)
Income (loss) from continuing operations:27,30023,80017,000(5,200)(35,000)27,800
Income (loss) before gain (loss) on sale of properties:(5,200)(35,000)27,800
Net income (loss) available to common stockholders, basic:27,30023,80017,000(5,200)(35,000)27,800
Interest on convertible debt      
Net income (loss) available to common stockholders, diluted:27,30023,80017,000(5,200)(35,000)27,800

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):27,30023,80017,000(5,200)(35,000)27,800
Comprehensive income (loss):27,30023,80017,000(5,200)(35,000)27,800
Other undisclosed comprehensive income (loss), net of tax, attributable to parent400(4,100)13,200(400)(5,000)14,400
Comprehensive income (loss), net of tax, attributable to parent:27,70019,70030,200(5,600)(40,000)42,200

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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