BioLife Solutions, Inc. (BLFS) financial statements (2022 and earlier)

Company profile

Business Address 3303 MONTE VILLA PARKWAY
BOTHELL, WA 98021
State of Incorp. DE
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic 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 investments69,86090,4036,44830,6576,6631,4063,825
Cash and cash equivalents69,86090,4036,44830,6576,6631,4062,173
Short-term investments      1,651
Restricted cash and investments1053     
Receivables23,2178,0065,3453,0451,0211,194929
Inventory, net of allowances, customer advances and progress billings28,34511,60210,9723,5091,8471,7581,835
Inventory28,34511,60210,9723,5091,8471,7581,835
Other undisclosed current assets4,4274,6481,348353400271384
Total current assets:125,859114,71224,11337,5649,9314,6286,973
Noncurrent Assets
Finance lease, right-of-use asset44017 
Operating lease, right-of-use asset18,7059,6751,040
Property, plant and equipment17,65710,1205,5721,3191,1061,1871,446
Long-term investments and receivables   6,548   
Long-term investments   6,548   
Intangible assets, net (including goodwill)376,89089,49855,619   2,215
Goodwill224,74158,44933,637    
Intangible assets, net (excluding goodwill)152,14931,04921,982   2,215
Regulated entity, other noncurrent assets      102
Deposits noncurrent assets3252305036363636
Other undisclosed noncurrent assets14,18110,5776,422 1,0702,0751,597
Total noncurrent assets:428,198120,11768,7037,9032,2123,2995,397
TOTAL ASSETS:554,057234,82992,81645,46712,1437,92712,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16,6284,2563,3691,8091,3831,0031,596
Accounts payable14,9453,6723,1197206917111,029
Accrued liabilities1,6564723,36991201116146
Employee-related liabilities   998491176420
Taxes payable27112     
Other undisclosed accounts payable and accrued liabilities  (3,119)    
Deferred revenue814931 
Debt1,011622     
Deferred compensation liability4,3512,898     
Deferred rent credit   130
Derivative instruments and hedges, liabilities 2,780     
Business combination, contingent consideration, liability5,1272,637377    
Deferred revenue and credits130130 
Other liabilities294130     
Other undisclosed current liabilities12,1561,3193,923   130
Total current liabilities:40,38115,5737,6691,9391,5131,1331,726
Noncurrent Liabilities
Long-term debt and lease obligation23,1108,769550    
Long-term debt, excluding current maturities6,353      
Finance lease, liability29112 
Operating lease, liability16,4668,757550
Liabilities, other than long-term debt10,4295,24141,14338046  
Deferred rent credit   349
Deferred income tax liabilities5,487  
Other liabilities4272643146  
Business combination, contingent consideration, liability4,9004,5151,537    
Derivative instruments and hedges, liabilities  39,602    
Other undisclosed noncurrent liabilities    4923,627784
Total noncurrent liabilities:33,53914,01041,6933805383,627784
Total liabilities:73,92029,58349,3622,3192,0514,7602,510
Stockholders' equity
Stockholders' equity attributable to parent, including:480,137205,24643,45443,14810,0933,1669,859
Preferred stock    0  
Common stock42332119141312
Additional paid in capital585,397302,598143,485114,16084,03674,35672,823
Accumulated other comprehensive loss(282)      
Accumulated deficit(105,020)(97,385)(100,052)(71,031)(73,958)(71,202)(64,327)
Other undisclosed stockholders' equity attributable to parent      1,350
Other undisclosed stockholders' equity      (1,351)
Total stockholders' equity:480,137205,24643,45443,14810,0933,1668,508
Other undisclosed liabilities and equity      1,351
TOTAL LIABILITIES AND EQUITY:554,057234,82992,81645,46712,1437,92712,370

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
Revenues119,15648,08727,37119,74211,0228,2276,449
Revenue, net11,0228,2276,449
Cost of revenue(84,501)(22,221)(8,810)(6,217)(4,275)(3,448)(2,635)
Cost of goods and services sold  (8,760)(6,217)(4,275)(3,448)(2,635)
Gross profit:34,65525,86618,56113,5256,7464,7793,814
Operating expenses(68,595)(31,441)(18,781)(9,863)(7,802)(9,630)(8,831)
Operating income (loss):(33,940)(5,575)(220)3,662(1,056)(4,852)(5,017)
Nonoperating income (expense)6,1874,978(2,978)(396)(1,459)(3,190)22
Investment income, nonoperating 1,377506  (2,786) 
Interest and debt expense284 (5)(5)(109)(87) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(284)      
Income (loss) from continuing operations before equity method investments, income taxes:(27,753)(597)(3,203)3,261(2,624)(8,128)(4,995)
Loss from equity method investments   (672)   
Other undisclosed income from continuing operations before income taxes  5677   
Income (loss) from continuing operations before income taxes:(27,753)(597)(3,198)3,266(2,624)(8,128)(4,995)
Income tax benefit20,1183,2641,541    
Income (loss) before gain (loss) on sale of properties:(7,635)2,667(1,657)3,266(2,624)(8,128)(4,995)
Other undisclosed net income    10987 
Net income (loss):(7,635)2,667(1,657)3,266(2,515)(8,041)(4,995)
Net income attributable to noncontrolling interest     1,166781
Net income (loss) attributable to parent:(7,635)2,667(1,657)3,266(2,515)(6,875)(4,214)
Preferred stock dividends and other adjustments   (339)(213)  
Other undisclosed net loss available to common stockholders, basic (217)     
Net income (loss) available to common stockholders, basic:(7,635)2,450(1,657)2,927(2,728)(6,875)(4,214)
Other undisclosed net loss available to common stockholders, diluted (3,404)     
Net income (loss) available to common stockholders, diluted:(7,635)(954)(1,657)2,927(2,728)(6,875)(4,214)

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):(7,635)2,667(1,657)3,266(2,515)(8,041)(4,995)
Other comprehensive income     06
Other undisclosed comprehensive income      781
Comprehensive income (loss):(7,635)2,667(1,657)3,266(2,515)(8,041)(4,208)
Comprehensive income, net of tax, attributable to noncontrolling interest     1,166781
Other undisclosed comprehensive loss, net of tax, attributable to parent(282)     (1,563)
Comprehensive income (loss), net of tax, attributable to parent:(7,917)2,667(1,657)3,266(2,515)(6,875)(4,989)

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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