AtriCure, Inc. (ATRC) Financial Statements (2024 and earlier)

Company Profile

Business Address 7555 INNOVATION WAY
MASON, OH 45040
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments121,113119,090244,21881,801124,40234,451
Cash and cash equivalents58,09943,65441,94428,48332,23121,809
Short-term investments63,01475,436202,27453,31892,17112,642
Receivables42,69333,02123,14628,04625,19523,083
Inventory, net of allowances, customer advances and progress billings45,93138,96435,02629,41422,48422,451
Inventory45,93138,96435,02629,41422,48422,451
Other current assets      2,273
Other undisclosed current assets5,4775,0014,3473,8992,592 
Total current assets:215,214196,076306,737143,160174,67382,258
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization7,5368,491  
Operating lease, right-of-use asset3,7874,7611,9144,032
Property, plant and equipment   28,29032,64627,08028,749
Long-term investments and receivables 51,509104,33814,17812,675  
Long-term investments 51,509104,33814,17812,675  
Intangible assets, net (including goodwill)274,120277,773362,980364,662154,511156,021
Goodwill234,781234,781234,781234,781105,257105,257
Intangible assets, net (excluding goodwill)39,33942,992128,199129,88149,25450,764
Other noncurrent assets1,985955440705495676
Other undisclosed noncurrent assets31,29722,918    
Total noncurrent assets:370,234419,236407,802414,720182,086185,446
TOTAL ASSETS:585,448615,312714,539557,880356,759267,704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52,92054,68940,72047,69835,49931,342
Accounts payable19,89818,59712,73614,9489,65912,431
Accrued liabilities33,02236,09227,98432,75025,84018,911
Debt      561
Other liabilities5,4721,7568,4172,2184,717 
Total current liabilities:58,39256,44549,13749,91640,21631,903
Noncurrent Liabilities
Long-term debt and lease obligation, including:65,98173,89153,33374,20447,74336,861
Long-term debt, excluding current maturities56,83459,74153,43559,63435,57124,100
Capital lease obligations12,17212,761
Finance lease, liability9,14710,08210,96911,774
Other undisclosed long-term debt and lease obligation   (12,251)   
Liabilities, other than long-term debt4,3211,220187,424186,41719,41937,774
Other liabilities1,2261,220187,424186,41719,41937,774
Operating lease, liability3,0954,0681,1802,796
Other undisclosed noncurrent liabilities   12,251   
Total noncurrent liabilities:70,30275,111253,008260,62167,16274,635
Total liabilities:128,694131,556302,145310,537107,378106,538
Equity
Equity, attributable to parent456,754483,756412,394247,343249,381161,166
Common stock474645403935
Additional paid in capital787,422764,811742,389529,658496,544386,963
Accumulated other comprehensive income (loss)(4,096)(948)312(158)(199)34
Accumulated deficit(326,619)(280,153)(330,352)(282,197)(247,003)(225,866)
Total equity:456,754483,756412,394247,343249,381161,166
TOTAL LIABILITIES AND EQUITY:585,448615,312714,539557,880356,759267,704

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues330,379274,329206,531230,807201,630174,716
Cost of revenue(84,439)(68,469)(57,222)(60,472)(54,510)(48,553)
Gross profit:245,940205,860149,309170,335147,120126,163
Operating expenses(288,609)(150,655)(193,542)(203,457)(164,247)(151,142)
Operating income (loss):(42,669)55,205(44,233)(33,122)(17,127)(24,979)
Nonoperating income1,4571001,0772,238823365
Investment income, nonoperating1,9944661,1012,3981,006227
Other nonoperating income (expense)(537)(366)(24)(160)(183)138
Interest and debt expense(4,986)(4,918)(4,885)(4,111)(4,607)(2,264)
Income (loss) from continuing operations before income taxes:(46,198)50,387(48,041)(34,995)(20,911)(26,878)
Income tax expense(268)(188)(114)(199)(226)(14)
Income (loss) from continuing operations:(46,466)50,199(48,155)(35,194)(21,137)(26,892)
Income (loss) before gain (loss) on sale of properties:50,199(48,155)(35,194)(21,137)(26,892)
Net income (loss) available to common stockholders, basic:(46,466)50,199(48,155)(35,194)(21,137)(26,892)
Dilutive securities, effect on basic earnings per share  973    
Net income (loss) available to common stockholders, diluted:(46,466)51,172(48,155)(35,194)(21,137)(26,892)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(46,466)50,199(48,155)(35,194)(21,137)(26,892)
Comprehensive income (loss):(46,466)50,199(48,155)(35,194)(21,137)(26,892)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,148)(1,260)47041(233)502
Comprehensive income (loss), net of tax, attributable to parent:(49,614)48,939(47,685)(35,153)(21,370)(26,390)

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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