Cutera, Inc. (CUTR) financial statements (2022 and earlier)

Company profile

Business Address 3240 BAYSHORE BOULEVARD
BRISBANE, CA 94005
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 investments164,16447,04733,92135,57535,91254,07448,407
Cash and cash equivalents164,16447,04726,31626,05214,18413,77510,868
Short-term investments  7,6059,52321,72840,29937,539
Receivables31,44921,96221,55619,63720,77716,54711,669
Inventory, net of allowances, customer advances and progress billings39,50328,50833,92128,01428,78214,97712,078
Inventory39,50328,50833,92128,01428,78214,97712,078
Other undisclosed current assets14,5458,7795,6483,9722,9032,2511,675
Total current assets:249,661106,29695,04687,19888,37487,84973,829
Noncurrent Assets
Finance lease, right-of-use asset392  
Operating lease, right-of-use asset14,62717,0767,702
Property, plant and equipment 2,2992,8172,6722,0961,9071,473
Intangible assets, net (including goodwill), including:1,3391,3391,3391,3391,3391,3411,482
Goodwill1,3391,3391,3391,3391,3391,3391,339
Intangible assets, net (excluding goodwill)  (4,663)(4,663)(4,663)2143
Other undisclosed intangible assets, net (including goodwill)  4,6634,6634,663  
Restricted cash and investments700      
Deferred income tax assets778643423
Other noncurrent assets10,1695,0806,4115,971374380384
Other undisclosed noncurrent assets2,627  45719,055377350
Total noncurrent assets:30,63226,43718,69210,43922,8644,0053,689
TOTAL ASSETS:280,293132,733113,73897,637111,23891,85477,518
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities61,99137,76342,99234,57933,85019,99515,793
Accounts payable7,8916,68412,68511,2797,0022,5981,959
Accrued liabilities54,10031,07930,30723,30026,84817,39713,834
Deferred revenue9,4909,48910,831
Debt5544,0002,800    
Deferred revenue and credits9,4618,3948,638
Other undisclosed current liabilities1,8653,1061,99913,041   
Total current liabilities:73,90054,35858,62247,62043,31128,38924,431
Noncurrent Liabilities
Long-term debt and lease obligation147,72616,1915,112    
Long-term debt, excluding current maturities134,243      
Finance lease, liability 241 
Operating lease, liability13,48315,9505,112
Liabilities, other than long-term debt2,0981,9904,0629473,0342,4553,053
Deferred revenue and credits2,1951,7052,287
Accounts payable and accrued liabilities  93394379168182
Deferred revenue1,3351,7483,391
Other liabilities763242578553460582584
Other undisclosed noncurrent liabilities 3,314 2,684   
Total noncurrent liabilities:149,82421,4959,1743,6313,0342,4553,053
Total liabilities:223,72475,85367,79651,25146,34530,84427,484
Stockholders' equity
Stockholders' equity attributable to parent56,56956,88045,94246,38664,89361,01050,034
Common stock18181414131413
Additional paid in capital114,724117,09782,34670,45162,02588,11479,782
Accumulated other comprehensive loss  (60)(69)(92)(72)(89)
Retained earnings (accumulated deficit)(58,173)(60,235)(36,358)(24,010)2,947(27,046)(29,672)
Total stockholders' equity:56,56956,88045,94246,38664,89361,01050,034
TOTAL LIABILITIES AND EQUITY:280,293132,733113,73897,637111,23891,85477,518

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
Revenues231,270147,683181,712162,720151,493118,05694,761
Revenue, net151,493118,05694,761
Cost of revenue
(Cost of Goods and Services Sold)
(98,165)(71,911)(83,549)(82,338)(65,383)(49,921)(40,478)
Gross profit:133,10575,77298,16380,38286,11068,13554,283
Operating expenses(131,275)(98,600)(110,227)(93,774)(75,034)(65,738)(58,804)
Operating income (loss):1,830(22,828)(12,064)(13,392)11,0762,397(4,521)
Nonoperating income (expense)1,555(579)(199)(123)884323293
Other nonoperating expense(2,406)      
Interest and debt expense(59)(63)(88)    
Other undisclosed income from continuing operations before equity method investments, income taxes 6388    
Income (loss) from continuing operations before equity method investments, income taxes:3,326(23,407)(12,263)(13,515)11,9602,720(4,228)
Other undisclosed income from continuing operations before income taxes59      
Income (loss) from continuing operations before income taxes:3,385(23,407)(12,263)(13,515)11,9602,720(4,228)
Income tax expense (benefit)(1,323)(470)(85)(17,255)18,033(143)(212)
Net income (loss) available to common stockholders, diluted:2,062(23,877)(12,348)(30,770)29,9932,577(4,440)

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):2,062(23,877)(12,348)(30,770)29,9932,577(4,440)
Other comprehensive income (loss) 60923(20)17(94)
Comprehensive income (loss), net of tax, attributable to parent:2,062(23,817)(12,339)(30,747)29,9732,594(4,534)

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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