Spectranetics Corp (SPNC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
9965 FEDERAL DRIVE COLORADO SPRINGS, CO 80921 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 57,537 | 43,942 | 57,237 | 58,895 | 64,343 | 67,494 | 84,594 | ||
| Cash and cash equivalents | 57,537 | 43,942 | 57,237 | 58,895 | 64,343 | 67,494 | 84,594 | ||
| Receivables | 47,434 | 43,869 | 43,565 | 41,661 | 43,248 | 44,204 | 43,359 | ||
| Inventory, net of allowances, customer advances and progress billings | 29,565 | 28,864 | 27,642 | 26,698 | 25,672 | 26,315 | 25,155 | ||
| Inventory | 29,565 | 28,864 | 27,642 | 26,698 | 25,672 | 26,315 | 25,155 | ||
| Other undisclosed current assets | 7,738 | 6,658 | 7,088 | 6,308 | 5,924 | 5,951 | 5,171 | ||
| Total current assets: | 142,274 | 123,333 | 135,532 | 133,562 | 139,187 | 143,964 | 158,279 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 46,268 | 45,461 | 44,827 | 44,851 | 44,624 | 44,761 | 44,719 | ||
| Intangible assets, net (including goodwill) | 242,194 | 244,274 | 247,040 | 250,695 | 253,533 | 259,869 | 263,072 | ||
| Goodwill | 149,803 | 148,964 | 148,811 | 149,547 | 149,482 | 152,616 | 152,616 | ||
| Intangible assets, net (excluding goodwill) | 92,391 | 95,310 | 98,229 | 101,148 | 104,051 | 107,253 | 110,456 | ||
| Other noncurrent assets | 2,617 | 2,667 | 2,679 | 2,754 | 1,917 | 1,953 | 1,929 | ||
| Total noncurrent assets: | 291,079 | 292,402 | 294,546 | 298,300 | 300,074 | 306,583 | 309,720 | ||
| TOTAL ASSETS: | 433,353 | 415,735 | 430,078 | 431,862 | 439,261 | 450,547 | 467,999 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 46,020 | 37,107 | 40,611 | 37,736 | 40,153 | 37,158 | 37,826 | ||
| Accounts payable | 6,537 | 6,633 | 6,230 | 5,779 | 5,261 | 4,390 | 4,150 | ||
| Accrued liabilities | 39,483 | 30,474 | 34,381 | 31,957 | 34,892 | 32,768 | 33,676 | ||
| Debt | 26,162 | 27,103 | 24,712 | 21,288 | 19,232 | 19,234 | 24,232 | ||
| Deferred revenue and credits | 2,024 | 1,857 | 1,619 | 1,615 | 1,645 | 1,488 | 1,621 | ||
| Total current liabilities: | 74,206 | 66,067 | 66,942 | 60,639 | 61,030 | 57,880 | 63,679 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 230,000 | 230,000 | |||||||
| Long-term debt, excluding current maturities | 230,000 | 230,000 | |||||||
| Liabilities, other than long-term debt | 4,327 | 4,178 | 4,054 | 3,830 | 3,771 | 3,770 | 3,674 | ||
| Deferred tax liabilities, net | 2,671 | 2,498 | 2,366 | 2,175 | 2,105 | 2,027 | 1,915 | ||
| Other liabilities | 1,656 | 1,680 | 1,688 | 1,655 | 1,666 | 1,743 | 1,496 | ||
| Business combination, contingent consideration, liability | 263 | ||||||||
| Other undisclosed noncurrent liabilities | 313,628 | 285,037 | 284,759 | 284,483 | 54,209 | 53,939 | 283,677 | ||
| Total noncurrent liabilities: | 317,955 | 289,215 | 288,813 | 288,313 | 287,980 | 287,709 | 287,351 | ||
| Total liabilities: | 392,161 | 355,282 | 355,755 | 348,952 | 349,010 | 345,589 | 351,030 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 41,192 | 60,453 | 74,323 | 82,910 | 90,251 | 104,958 | 116,969 | ||
| Common stock | 44 | 44 | 43 | 43 | 43 | 43 | 42 | ||
| Additional paid in capital | 341,810 | 337,171 | 332,701 | 327,779 | 321,900 | 318,470 | 313,442 | ||
| Accumulated other comprehensive loss | (4,809) | (5,513) | (5,696) | (4,798) | (4,890) | (1,659) | (1,910) | ||
| Accumulated deficit | (295,853) | (271,249) | (252,725) | (240,114) | (226,802) | (211,896) | (194,605) | ||
| Receivable from shareholders or affiliates for issuance of capital stock | (577) | ||||||||
| Other undisclosed equity, attributable to parent | 577 | ||||||||
| Total equity: | 41,192 | 60,453 | 74,323 | 82,910 | 90,251 | 104,958 | 116,969 | ||
| TOTAL LIABILITIES AND EQUITY: | 433,353 | 415,735 | 430,078 | 431,862 | 439,261 | 450,547 | 467,999 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 74,714 | 69,680 | 71,926 | 68,265 | 67,748 | 62,884 | 65,197 | |
| Cost of revenue (Cost of Goods and Services Sold) | (18,482) | (18,051) | (18,377) | (16,884) | (16,983) | (16,082) | (16,358) | |
| Gross profit: | 56,232 | 51,629 | 53,549 | 51,381 | 50,765 | 46,802 | 48,839 | |
| Operating expenses | (77,526) | (66,612) | (62,099) | (61,243) | (62,069) | (60,721) | (56,458) | |
| Operating loss: | (21,294) | (14,983) | (8,550) | (9,862) | (11,304) | (13,919) | (7,619) | |
| Nonoperating expense | (2,942) | (3,292) | (3,761) | (3,318) | (3,452) | (3,167) | (2,558) | |
| Gain (loss), foreign currency transaction, before tax | 656 | 117 | (424) | 4 | (158) | 175 | (114) | |
| Interest and debt expense | (291) | 1,051 | (281) | 938 | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 291 | (1,051) | 281 | (938) | ||||
| Loss from continuing operations before income taxes: | (24,236) | (18,275) | (12,311) | (13,180) | (14,756) | (17,086) | (10,177) | |
| Income tax expense | (368) | (249) | (300) | (132) | (150) | (205) | (283) | |
| Loss from continuing operations: | (24,604) | (18,524) | (12,611) | (13,312) | (14,906) | (17,291) | (10,460) | |
| Loss before gain (loss) on sale of properties: | (24,604) | (18,524) | (12,611) | (13,312) | (14,906) | (17,291) | (10,460) | |
| Net loss available to common stockholders, diluted: | (24,604) | (18,524) | (12,611) | (13,312) | (14,906) | (17,291) | (10,460) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2017 Q2 | 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (24,604) | (18,524) | (12,611) | (13,312) | (14,906) | (17,291) | (10,460) | |
| Comprehensive loss: | (24,604) | (18,524) | (12,611) | (13,312) | (14,906) | (17,291) | (10,460) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 704 | 183 | (898) | 92 | (3,231) | 251 | (173) | |
| Comprehensive loss, net of tax, attributable to parent: | (23,900) | (18,341) | (13,509) | (13,220) | (18,137) | (17,040) | (10,633) | |
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.