Avanos Medical, Inc. (AVNS) financial statements (2020 and earlier)

Company profile

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments214385220114130149
Cash and cash equivalents214385220114130149
Receivables158151203190225234
Inventory, net of allowances, customer advances and progress billings14512191273303283
Inventory14512191273303283
Disposal group, including discontinued operation  633   
Deferred tax assets    2
Other undisclosed current assets305714171917
Total current assets:5477141,161594676685
Noncurrent Assets
Operating lease, right-of-use asset64
Property, plant and equipment182154110261280278
Intangible assets, net (including goodwill)9909529141,1991,0281,534
Goodwill8017847651,0299451,426
Intangible assets, net (excluding goodwill)19016814917083108
Disposal group, including discontinued operation, noncurrent assets     3
Deferred income tax assets12
Other noncurrent assets13844228
Deferred tax assets, net   15 
Other undisclosed noncurrent assets 6815  
Total noncurrent assets:1,2611,1201,0351,4781,3241,843
TOTAL ASSETS:1,8081,8332,1962,0722,0002,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities204264316324315422
Accounts payable95170171173163169
Accrued liabilities10994145151152183
Employee-related liabilities     46
Taxes payable     23
Debt15 40  4
Disposal group, including discontinued operation  34   
Other undisclosed current liabilities     (70)
Total current liabilities:218264390324315356
Noncurrent Liabilities
Long-term debt and lease obligation310248541579578632
Long-term debt, excluding current maturities248248541579578632
Operating lease, liability63
Liabilities, other than long-term debt, including:122450662848
Accounts payable and accrued liabilities     2
Deferred tax liabilities, net   2428
Deferred income tax liabilities1
Other liabilities122032302848
Other undisclosed liabilities, other than long-term debt 41836(24)(30)
Other undisclosed noncurrent liabilities    (554) 
Total noncurrent liabilities:32327259164552680
Other undisclosed liabilities    578 
Total liabilities:5415369819699451,036
Stockholders' equity
Stockholders' equity attributable to parent1,2671,2971,2151,1031,0551,491
Common stock111111
Treasury stock, value(9)(5)(4)(2)(1) 
Additional paid in capital1,5921,5781,5511,5331,5181,503
Accumulated other comprehensive loss(35)(34)(31)(50)(43)(19)
Retained earnings (accumulated deficit)(282)(242)(300)(379)(419)7
Total stockholders' equity:1,2671,2971,2151,1031,0551,491
TOTAL LIABILITIES AND EQUITY:1,8081,8332,1962,0722,0002,528

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues6786526121,5921,5741,672
Revenue, net6121,5921,5741,672
Cost of revenue
(Cost of Goods and Services Sold)
(285)(261)(275)(1,034)(1,043)(1,124)
Gross profit:393391337558532549
Operating expenses(423)(382)(360)(452)(905)(539)
Other operating income (expense), net(30)(8)(20)(18)(5)4
Other undisclosed operating income     81
Operating income (loss):(61)1(43)87(378)94
Nonoperating income
(Investment Income, Nonoperating)
883103
Interest and debt expense(14)(26)(32)(33)(33)(6)
Income (loss) from continuing operations before income taxes:(67)(18)(72)55(411)91
Income tax expense (benefit)241040(16)(16)(64)
Income (loss) from continuing operations:(43)(9)(32)40(426)27
Income from discontinued operations 98    
Net income (loss):(43)90(32)40(426)27
Other undisclosed net income (loss) attributable to parent1(32)111   
Net income (loss) available to common stockholders, diluted:(42)587940(426)27

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(43)90(32)40(426)27
Other comprehensive income (loss)(2)(2)19(7)(24) 
Comprehensive income (loss):(44)88(13)33(450)27
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(32)111  (11)
Comprehensive income (loss), net of tax, attributable to parent:(46)559833(450)16

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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