Avanos Medical, Inc. (AVNS) Financial Statements (2023 and Earlier)

Company Profile

Business Address 5405 WINDWARD PARKWAY
ALPHARETTA, GA 30004
State of Incorp. DE
Fiscal Year End December 31
Industry (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)

12/31/2021
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 investments119112205385220114130
Cash and cash equivalents119112205385220114130
Receivables131168164151203190225
Inventory, net of allowances, customer advances and progress billings15016914612191273303
Inventory15016914612191273303
Disposal group, including discontinued operation    633  
Other undisclosed current assets19192457141719
Total current assets:4194675397141,161594676
Noncurrent Assets
Operating lease, right-of-use asset394864
Property, plant and equipment168175185154110261280
Intangible assets, net (including goodwill)9439609859529141,1991,028
Goodwill8028038017847651,029945
Intangible assets, net (excluding goodwill)14115818416814917083
Deferred income tax assets101016
Other noncurrent assets1712118442
Deferred tax assets, net   15
Other undisclosed noncurrent assets   6815 
Total noncurrent assets:1,1761,2061,2611,1201,0351,4781,324
TOTAL ASSETS:1,5951,6731,8001,8332,1962,0722,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125151198264316324315
Accounts payable566883170171173163
Accrued liabilities688311594145151152
Debt  15 40  
Disposal group, including discontinued operation    34  
Other undisclosed current liabilities1516     
Total current liabilities:139166213264390324315
Noncurrent Liabilities
Long-term debt and lease obligation4353311248541579578
Long-term debt, excluding current maturities  248248541579578
Operating lease, liability435363
Liabilities, other than long-term debt, including:19171124506628
Deferred tax liabilities, net   24
Deferred income tax liabilities106 
Other liabilities9111120323028
Other undisclosed liabilities, other than long-term debt   41836(24)
Other undisclosed noncurrent liabilities130180    (554)
Total noncurrent liabilities:19225032227259164552
Other undisclosed liabilities      578
Total liabilities:331416534536981969945
Stockholders' equity
Stockholders' equity attributable to parent1,2641,2571,2651,2971,2151,1031,055
Common stock1111111
Treasury stock, value(21)(10)(9)(5)(4)(2)(1)
Additional paid in capital1,6291,6091,5941,5781,5511,5331,518
Accumulated other comprehensive loss(34)(28)(32)(34)(31)(50)(43)
Accumulated deficit(310)(316)(288)(242)(300)(379)(419)
Total stockholders' equity:1,2641,2571,2651,2971,2151,1031,055
TOTAL LIABILITIES AND EQUITY:1,5951,6731,8001,8332,1962,0722,000

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7457156986526121,5921,574
Revenue, net6121,5921,574
Cost of revenue
(Cost of Goods and Services Sold)
(380)(342)(295)(261)(275)(1,034)(1,043)
Gross profit:364373402391337558532
Operating expenses(333)(368)(437)(382)(360)(452)(905)
Other operating expense, net(23)(52)(21)(8)(20)(18)(5)
Operating income (loss):9(46)(56)1(43)87(378)
Nonoperating income
(Investment Income, Nonoperating)
0178310
Interest and debt expense(3)(16)(15)(26)(32)(33)(33)
Income (loss) from continuing operations before income taxes:6(61)(64)(18)(72)55(411)
Income tax expense (benefit)(1)33181040(16)(16)
Income (loss) from continuing operations:5(27)(46)(9)(32)40(426)
Income from discontinued operations   98   
Net income (loss):5(27)(46)90(32)40(426)
Other undisclosed net income (loss) attributable to parent   (32)111  
Net income (loss) available to common stockholders, diluted:5(27)(46)587940(426)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):5(27)(46)90(32)40(426)
Other comprehensive income (loss)(6)42(2)19(7)(24)
Comprehensive income (loss):(1)(23)(44)88(13)33(450)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (32)111  
Comprehensive income (loss), net of tax, attributable to parent:(1)(23)(44)559833(450)

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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