Cardiovascular Systems, Inc. (CSII) financial statements (2022 and earlier)

Company profile

Business Address 1225 OLD HWY 8 NW
ST. PAUL, MN 55112
State of Incorp. DE
Fiscal Year End June 30
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
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments176,540207,038232,154122,672116,804108,61661,322
Cash and cash equivalents65,86571,070185,46374,237116,260107,91260,638
Short-term investments110,675135,96846,69148,435544704684
Receivables34,94440,03325,21236,01531,22528,47223,128
Inventory, net of allowances, customer advances and progress billings31,67132,31327,70618,05816,60516,89717,440
Inventory31,67132,31327,70618,05816,60516,89717,440
Other undisclosed current assets4,8425,2852,6173,3302,9775,0742,992
Total current assets:247,997284,669287,689180,075167,611159,059104,882
Noncurrent Assets
Operating lease, right-of-use asset2,035  
Property, plant and equipment29,39728,89427,81027,32427,74429,69632,471
Long-term investments and receivables2,121      
Long-term investments2,121      
Intangible assets, net (including goodwill)16,42615,37616,6065,1055,2315,0565,013
Intangible assets, net (excluding goodwill)16,42615,37616,6065,1055,2315,0565,013
Other noncurrent assets2,91423,6287,4146,0732,76612940
Other undisclosed noncurrent assets25,510      
Total noncurrent assets:78,40367,89851,83038,50235,74134,88137,524
TOTAL ASSETS:326,400352,567339,519218,577203,352193,940142,406
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39,15952,25042,63940,58136,21740,97235,499
Accounts payable12,49314,06111,53911,19410,44110,7368,506
Accrued liabilities26,66638,18931,10029,38725,77630,23626,993
Deferred revenue2,7212,4001,867
Deferred revenue and credits1,243  
Other undisclosed current liabilities   1,764   
Total current liabilities:41,88054,65044,50642,34537,46040,97235,499
Noncurrent Liabilities
Long-term debt and lease obligation1,525      
Operating lease, liability1,525  
Liabilities, other than long-term debt4,5396,3635,40377510,35813,4796,010
Deferred revenue and credits8,94610,000 
Deferred revenue7522,1944,707
Other liabilities3,7874,1696967751,4123,4796,010
Other undisclosed noncurrent liabilities18,93120,59620,81827,51321,06421,100 
Total noncurrent liabilities:24,99526,95926,22128,28831,42234,5796,010
Total liabilities:66,87581,60970,72770,63368,88275,55141,509
Stockholders' equity
Stockholders' equity attributable to parent259,525270,958268,792147,944134,470118,389100,897
Common stock39393934333333
Additional paid in capital663,660652,288631,559477,368461,927447,559428,235
Accumulated other comprehensive income (loss)(58)112697810110040
Accumulated deficit(404,116)(381,380)(363,075)(329,536)(327,591)(329,303)(327,411)
Total stockholders' equity:259,525270,958268,792147,944134,470118,389100,897
TOTAL LIABILITIES AND EQUITY:326,400352,567339,519218,577203,352193,940142,406

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues180,778258,973236,545248,017217,043204,906178,184
Revenue, net217,043204,906178,184
Cost of revenue(46,394)(61,131)(48,759)(47,680)(39,484)(39,441)(35,421)
Cost of goods and services sold (2,997)  (39,484)(39,441)(35,421)
Gross profit:134,384197,842187,786200,337177,559165,465142,763
Operating expenses(156,707)(209,775)(214,558)(201,162)(175,325)(167,007)(198,840)
Operating income (loss):(22,323)(11,933)(26,772)(825)2,234(1,542)(56,077)
Nonoperating income (expense)(1,004)(1,236)(233)760(390)(164)53
Other nonoperating income (expense)     (47)53
Interest and debt expense(1,231)(1,735)(1,973)(1,684)(1,717)(500) 
Income (loss) from continuing operations before equity method investments, income taxes:(24,558)(14,904)(28,978)(1,749)127(2,206)(56,024)
Other undisclosed income from continuing operations before income taxes1,2311,7351,9731,6841,717500 
Income (loss) from continuing operations before income taxes:(23,327)(13,169)(27,005)(65)1,844(1,706)(56,024)
Income tax expense(262)(252)(231)(190)(132)(86) 
Net income (loss) attributable to parent:(23,589)(13,421)(27,236)(255)1,712(1,792)(56,024)
Undistributed earnings (loss) allocated to participating securities, basic    19
Net income (loss) available to common stockholders, diluted:(23,589)(13,421)(27,236)(255)1,731(1,792)(56,024)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(23,589)(13,421)(27,236)(255)1,712(1,792)(56,024)
Other comprehensive income  19178356620
Comprehensive income (loss):(23,589)(13,421)(27,045)(177)1,747(1,726)(56,004)
Other undisclosed comprehensive loss, net of tax, attributable to parent(141)(258)  (34)(6)(70)
Comprehensive income (loss), net of tax, attributable to parent:(23,730)(13,679)(27,045)(177)1,713(1,732)(56,074)

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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