Arthrocare Corp (ARTC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 7000 W. WILLIAM CANNON DRIVE
AUSTIN, TX 78735
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)

Current Assets
Cash, cash equivalents, and short-term investments214,853218,787
Cash and cash equivalents214,853218,787
Inventory, net of allowances, customer advances and progress billings46,28848,417
Prepaid expense and other current assets6,022
Other undisclosed current assets18,42720,090
Total current assets:332,378342,197
Noncurrent Assets
Property, plant and equipment51,24430,461
Intangible assets, net (including goodwill)180,534121,752
Intangible assets, net (excluding goodwill)14,5811,859
Other noncurrent assets4,143
Prepaid expense and other noncurrent assets2,171
Other undisclosed noncurrent assets25,84223,206
Total noncurrent assets:261,763177,590
TOTAL ASSETS:594,141519,787
Current Liabilities
Accounts payable and accrued liabilities104,01271,180
Accounts payable18,32512,189
Accrued liabilities64,94841,674
Employee-related liabilities19,36717,031
Taxes payable1,372286
Deferred revenue and credits350285
Deferred tax liabilities333
Other undisclosed current liabilities(19,367)(17,031)
Total current liabilities:84,99854,467
Noncurrent Liabilities
Liabilities, other than long-term debt23,45435,354
Deferred tax liabilities, net249354
Liability for uncertainty in income taxes1,90014,800
Other liabilities21,30520,200
Other undisclosed noncurrent liabilities(1,900)(14,800)
Total noncurrent liabilities:21,55420,554
Total liabilities:106,55275,021
Temporary equity, carrying amount84,494 
Stockholders' equity
Stockholders' equity attributable to parent403,095364,007
Common stock2828
Treasury stock, value(105,798)(106,425)
Additional paid in capital429,979413,660
Accumulated other comprehensive income5,1215,300
Retained earnings73,76551,444
Other undisclosed stockholders' equity 80,759
Total stockholders' equity:403,095444,766

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

Revenue, net358,564350,671
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:261,725260,503
Operating expenses(229,760)(196,369)
Operating income:31,96564,134
Nonoperating expense(850)(427)
Foreign currency transaction loss, before tax(1,524)(257)
Other nonoperating income2,648678
Income from continuing operations before income taxes:31,11563,707
Income tax expense(5,059)(17,329)
Net income attributable to parent:26,05646,378
Preferred stock dividends and other adjustments(3,735)(3,575)
Net income available to common stockholders, diluted:22,32142,803

Comprehensive Income ($ in thousands)

Net income:26,05646,378
Comprehensive income:26,05646,378
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(179)685
Comprehensive income, net of tax, attributable to parent:25,87747,063

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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