AtriCure, Inc. (ATRC) financial statements (2022 and earlier)

Company profile

Business Address 7555 INNOVATION WAY
MASON, OH 45040
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 investments119,090244,21881,801124,40234,45144,00934,578
Cash and cash equivalents43,65441,94428,48332,23121,80924,20823,764
Short-term investments75,436202,27453,31892,17112,64219,80110,814
Receivables33,02123,14628,04625,19523,08321,09419,409
Inventory, net of allowances, customer advances and progress billings38,96435,02629,41422,48422,45117,66017,659
Inventory38,96435,02629,41422,48422,45117,66017,659
Other current assets    2,2732,9543,106
Other undisclosed current assets5,0014,3473,8992,592   
Total current assets:196,076306,737143,160174,67382,25885,71774,752
Noncurrent Assets
Finance lease, right-of-use asset8,491  
Operating lease, right-of-use asset4,7611,9144,032
Property, plant and equipment 28,29032,64627,08028,74929,99531,279
Long-term investments and receivables104,33814,17812,675  3,0007,706
Long-term investments104,33814,17812,675  3,0007,706
Intangible assets, net (including goodwill)277,773362,980364,662154,511156,021157,388159,032
Goodwill234,781234,781234,781105,257105,257105,257105,257
Intangible assets, net (excluding goodwill)42,992128,199129,88149,25450,76452,13153,775
Other noncurrent assets955440705495676321323
Other undisclosed noncurrent assets22,918      
Total noncurrent assets:419,236407,802414,720182,086185,446190,704198,340
TOTAL ASSETS:615,312714,539557,880356,759267,704276,421273,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,68940,72047,69835,49931,34227,14031,138
Accounts payable18,59712,73614,9489,65912,43110,67312,744
Accrued liabilities36,09227,98432,75025,84018,91116,46718,394
Debt    5611,688 
Other liabilities1,7568,4172,2184,717  450
Total current liabilities:56,44549,13749,91640,21631,90328,82831,588
Noncurrent Liabilities
Long-term debt and lease obligation, including:73,89153,33374,20447,74336,86137,20513,710
Long-term debt, excluding current maturities59,74153,43559,63435,57124,10023,886 
Finance lease, liability10,08210,96911,774
Capital lease obligations12,17212,76113,31913,710
Operating lease, liability4,0681,1802,796
Other undisclosed long-term debt and lease obligation (12,251)     
Liabilities, other than long-term debt1,220187,424186,41719,41937,77441,94641,109
Other liabilities1,220187,424186,41719,41937,77441,94641,109
Other undisclosed noncurrent liabilities 12,251     
Total noncurrent liabilities:75,111253,008260,62167,16274,63579,15154,819
Total liabilities:131,556302,145310,537107,378106,538107,97986,407
Stockholders' equity
Stockholders' equity attributable to parent483,756412,394247,343249,381161,166168,442186,685
Common stock46454039353332
Additional paid in capital764,811742,389529,658496,544386,963367,851352,900
Accumulated other comprehensive income (loss)(948)312(158)(199)34(468)(611)
Accumulated deficit(280,153)(330,352)(282,197)(247,003)(225,866)(198,974)(165,636)
Total stockholders' equity:483,756412,394247,343249,381161,166168,442186,685
TOTAL LIABILITIES AND EQUITY:615,312714,539557,880356,759267,704276,421273,092

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
Revenues274,329206,531230,807201,630174,716155,109129,755
Cost of revenue(68,469)(57,222)(60,472)(54,510)(48,553)(44,008)(36,880)
Gross profit:205,860149,309170,335147,120126,163111,10192,875
Operating expenses(150,655)(193,542)(203,457)(164,247)(151,142)(142,239)(119,595)
Operating income (loss):55,205(44,233)(33,122)(17,127)(24,979)(31,138)(26,720)
Nonoperating income (expense)1001,0772,238823365(359)(164)
Investment income, nonoperating4661,1012,3981,006227227190
Other nonoperating income (expense)(366)(24)(160)(183)138(586)(354)
Interest and debt expense(4,918)(4,885)(4,111)(4,607)(2,264)(1,801)(292)
Income (loss) from continuing operations before income taxes:50,387(48,041)(34,995)(20,911)(26,878)(33,298)(27,176)
Income tax expense(188)(114)(199)(226)(14)(40)(36)
Net income (loss) available to common stockholders, basic:50,199(48,155)(35,194)(21,137)(26,892)(33,338)(27,212)
Dilutive securities, effect on basic earnings per share973      
Net income (loss) available to common stockholders, diluted:51,172(48,155)(35,194)(21,137)(26,892)(33,338)(27,212)

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 income (loss):50,199(48,155)(35,194)(21,137)(26,892)(33,338)(27,212)
Comprehensive income (loss):50,199(48,155)(35,194)(21,137)(26,892)(33,338)(27,212)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,260)47041(233)502143(263)
Comprehensive income (loss), net of tax, attributable to parent:48,939(47,685)(35,153)(21,370)(26,390)(33,195)(27,475)

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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