Alphatec Holdings, Inc. (ATEC) financial statements (2022 and earlier)

Company profile

Business Address 5818 EL CAMINO REAL
CARLSBAD, CA 92008
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187,248107,76547,11329,05422,46619,59311,229
Cash and cash equivalents187,248107,76547,11329,05422,46619,59311,229
Restricted cash and investments      2,350
Receivables41,89324,60316,15015,44514,82218,51238,319
Inventory, net of allowances, customer advances and progress billings91,70346,00134,85428,76527,29230,09344,908
Inventory91,70346,00134,85428,76527,29230,09344,908
Disposal group, including discontinued operation 352321242131364 
Other undisclosed current assets10,3135,4399,8802,0301,7674,2625,052
Total current assets:331,157184,160108,31875,53666,47872,824101,858
Noncurrent Assets
Operating lease, right-of-use asset25,2831,1771,860
Property, plant and equipment87,40136,67019,72213,23512,67015,07621,945
Intangible assets, net (including goodwill)124,96338,61739,50240,3055,2485,71121,616
Goodwill39,68913,89713,89713,897   
Intangible assets, net (excluding goodwill)85,27424,72025,60526,4085,2485,71121,616
Disposal group, including discontinued operation, noncurrent assets 5853545661 
Other noncurrent assets3,2495414933472085161,285
Total noncurrent assets:240,89677,06361,63053,94118,18221,36444,846
TOTAL ASSETS:572,053261,223169,948129,47784,66094,188146,704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60,67952,83034,18826,71526,12436,29043,960
Accounts payable25,73717,5997,7724,3993,8788,70114,169
Accrued liabilities12,44435,23126,41622,31622,24627,58929,791
Employee-related liabilities18,449      
Taxes payable3,004      
Interest and dividends payable1,045      
Deferred revenue15,255  
Debt6844,2004893,2763,3063,11380,105
Derivative instruments and hedges, liabilities      687
Estimated litigation liability4,400      
Disposal group, including discontinued operation 397399621312732 
Deferred revenue and credits  648
Other undisclosed current liabilities20,0778851,314    
Total current liabilities:101,09558,31236,39030,61229,74240,135125,400
Noncurrent Liabilities
Long-term debt and lease obligation, including:350,87238,03453,44842,29937,76743,092480
Long-term debt, excluding current maturities326,48938,03453,44842,29937,76743,092480
Capital lease obligations9212966 
Operating lease, liability24,38341925
Other undisclosed long-term debt and lease obligation (41)(925)(92)(129)(66) 
Liabilities, other than long-term debt17,06111,35311,95115,38920,20628,86233,797
Other liabilities17,06111,35311,95115,38920,20628,86233,797
Total noncurrent liabilities:367,93349,38765,39957,68857,97371,95434,277
Total liabilities:469,028107,699101,78988,30087,715112,089159,677
Temporary equity, carrying amount23,60323,60323,60323,60323,60323,60323,603
Stockholders' equity
Stockholders' equity attributable to parent, including:79,422129,88043,63117,574(26,658)(41,504)(31,576)
Common stock108642110
Treasury stock, value(25,097)(97)(97)(97)(97)(97)(97)
Additional paid in capital892,828770,764606,558523,525436,803419,787416,939
Accumulated other comprehensive income (loss)(5,994)1,2041,0881,0641,093970(21,188)
Accumulated deficit(782,325)(637,999)(558,924)(501,922)(459,459)(457,165)(427,240)
Other undisclosed stockholders' equity attributable to parent (4,000)(5,000)(5,000)(5,000)(5,000) 
Other undisclosed stockholders' equity      (5,000)
Total stockholders' equity:79,422129,88043,63117,574(26,658)(41,504)(36,576)
Other undisclosed liabilities and equity 41925    
TOTAL LIABILITIES AND EQUITY:572,053261,223169,948129,47784,66094,188146,704

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues243,212144,861113,42791,694101,739120,248185,279
Cost of revenue(85,450)(42,360)(35,833)(28,457)(39,406)(44,114)(63,742)
Cost of goods and services sold(11,147)(7,044)(8,624) (4,842)(8,363)(7,409)
Other undisclosed gross profit      (1,453)
Gross profit:157,762102,50177,59463,23762,33376,134120,084
Operating expenses(285,819)(161,364)(124,870)(85,677)(71,336)(91,511)(292,523)
Operating loss:(128,057)(58,863)(47,276)(22,440)(9,003)(15,377)(172,439)
Nonoperating income (expense)(1,563) (9,865)(7,729)4,429(15,558)(5,556)
Other nonoperating income (expense)(1,563) (9,865) (133)(715)6,980
Interest and debt expense(14,542)(19,986) (590) (9,478)(12,589)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (100)590 9,47812,589
Loss from continuing operations before equity method investments, income taxes:(144,162)(78,849)(57,241)(30,169)(4,574)(30,935)(177,995)
Other undisclosed income from continuing operations before income taxes  100    
Loss from continuing operations before income taxes:(144,162)(78,849)(57,141)(30,169)(4,574)(30,935)(177,995)
Income tax expense (benefit)(164)(145)2391,361344,634(681)
Loss from continuing operations:(144,326)(78,994)(56,902)(28,808)(4,540)(26,301)(178,676)
Loss from discontinued operations     (6,500) 
Net loss:(144,326)(78,994)(56,902)(28,808)(4,540)(32,801)(178,676)
Other undisclosed net income (loss) attributable to parent  (100)(167)2,2462,876 
Net loss attributable to parent:(144,326)(78,994)(57,002)(28,975)(2,294)(29,925)(178,676)
Other undisclosed net loss available to common stockholders, basic   (13,488)   
Net loss available to common stockholders, diluted:(144,326)(78,994)(57,002)(42,463)(2,294)(29,925)(178,676)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(144,326)(78,994)(56,902)(28,808)(4,540)(32,801)(178,676)
Comprehensive loss:(144,326)(78,994)(56,902)(28,808)(4,540)(32,801)(178,676)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7,198)116(76)(196)2,36925,034(9,872)
Comprehensive loss, net of tax, attributable to parent:(151,524)(78,878)(56,978)(29,004)(2,171)(7,767)(188,548)

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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