Zimmer Biomet Holdings, Inc. (ZBH) financial statements (2021 and earlier)

Company profile

Business Address 345 EAST MAIN STREET
WARSAW, IN 46580
State of Incorp. DE
Fiscal Year End December 31
SIC 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8026185435246341,6241,696
Cash and cash equivalents8026185435246341,4591,083
Short-term investments     165613
Receivables1,4531,3641,2761,4951,6041,447912
Inventory, net of allowances, customer advances and progress billings2,4512,3852,2572,0821,9592,2541,169
Inventory2,4512,3852,2572,0821,9592,2541,169
Other undisclosed current assets378357352415466538512
Total current assets:5,0834,7244,4274,5154,6645,8634,289
Noncurrent Assets
Property, plant and equipment2,0482,0772,0152,0392,0382,0631,289
Intangible assets, net (including goodwill)16,31716,85717,27919,02219,42918,6813,118
Goodwill9,2629,6009,59410,66810,6449,9342,514
Intangible assets, net (excluding goodwill)7,0567,2587,6858,3538,7858,746604
Estimated insurance recoveries      170
Other noncurrent assets969980405389554614939
Other undisclosed noncurrent assets      (170)
Total noncurrent assets:19,33419,91519,69921,44922,02121,3575,346
TOTAL ASSETS:24,41824,63924,12725,96526,68427,2209,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities390528505495548432759
Accounts payable330401363330365285167
Accrued liabilities      351
Employee-related liabilities      168
Taxes payable6012714216518414772
Debt5001,5005251,225576  
Derivative instruments and hedges, liabilities      59
Estimated litigation liability      70
Other liabilities1,6671,4141,3911,3001,2581,186799
Other undisclosed current liabilities      (648)
Total current liabilities:2,5573,4422,4213,0202,3821,6181,038
Noncurrent Liabilities
Long-term debt and lease obligation7,6276,9378,4148,91810,66611,5561,426
Long-term debt, excluding current maturities7,6276,7218,4148,91810,66611,5561,426
Operating lease, liability 216
Liabilities, other than long-term debt2,0351,2432,0162,2913,9674,156830
Accounts payable and accrued liabilities588685666744  182
Deferred tax liabilities, net1,0001,1023,0313,150 
Deferred income tax liabilities790 
Other liabilities6565583504469361,006649
Other undisclosed noncurrent liabilities 625    (182)
Total noncurrent liabilities:9,6618,80410,42911,20914,63315,7122,074
Total liabilities:12,21812,24612,85114,22917,01517,3303,112
Stockholders' equity
Stockholders' equity attributable to parent12,19412,38811,27111,7369,6699,8886,521
Common stock3333333
Treasury stock, value(6,720)(6,721)(6,722)(6,722)(6,736)(6,329)(6,184)
Additional paid in capital9,1228,9208,6868,5158,3698,1954,331
Accumulated other comprehensive income (loss)(298)(242)(187)(83)(434)(329)86
Retained earnings10,08710,4279,49110,0238,4678,3488,285
Stockholders' equity attributable to noncontrolling interest555(0)122
Total stockholders' equity:12,19912,39311,27611,7369,6709,8896,523
TOTAL LIABILITIES AND EQUITY:24,41824,63924,12725,96526,68427,2209,635

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,0257,9827,9337,8247,6845,9984,673
Revenue, net7,8247,6845,9984,673
Cost of revenue(2,918)(2,397)(2,553)(3,059)(2,890)(118)(1,484)
Cost of goods and services sold(2,128)(2,253)(2,272)(2,525)(2,809)(118)(1,484)
Other undisclosed gross profit      234
Gross profit:4,1075,5855,3804,7654,7945,8793,424
Operating expenses(4,195)(4,448)(5,347)(3,957)(3,968)(5,531)(2,389)
Other undisclosed operating income     118 
Operating income (loss):(88)1,138348088264671,035
Nonoperating income (expense)3(8)(57)29(68)(28)(28)
Investment income, nonoperating   23912
Foreign currency transaction gain (loss), before tax(23)(3)(41)46 (0) 
Other nonoperating income (expense)25(5)(16)(18)(71)(37)(40)
Interest and debt expense   (328)(411)(287)(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(189)(224)(248)(46)530 
Income (loss) from continuing operations before income taxes:(274)906(271)465400153944
Income tax expense (benefit)137226(108)1,349(95)(7)(225)
Net income (loss):(137)1,132(379)1,813305146719
Net income (loss) attributable to noncontrolling interest(2)000111
Net income (loss) available to common stockholders, diluted:(139)1,132(379)1,814306147720

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(137)1,132(379)1,813305146719
Other comprehensive income (loss)(56)(55)(61)351(105)(367)(281)
Comprehensive income (loss):(193)1,077(441)2,164200(221)438
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)001101
Comprehensive income (loss), net of tax, attributable to parent:(195)1,077(441)2,166200(221)439

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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