Endologix, Inc. (ELGX) financial statements (2022 and earlier)

Company profile

Business Address 2 MUSICK
IRVINE, CA 92618
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,56023,53157,99147,108177,32186,669126,465
Cash and cash equivalents41,56023,53157,99126,120124,55326,79895,152
Short-term investments   20,98852,76859,87131,313
Restricted cash and investments1,2001,2002,6082,001   
Receivables22,67420,98032,71236,21728,90626,61124,972
Inventory, net of allowances, customer advances and progress billings26,40530,39945,15341,16027,86031,32519,558
Inventory26,40530,39945,15341,16027,86031,32519,558
Prepaid expense and other current assets2,328
Other current assets1,8642,8214,6703,3593,3743,162 
Other undisclosed current assets      310
Total current assets:93,70378,931143,134129,845237,461147,767173,633
Noncurrent Assets
Operating lease, right-of-use asset5,768
Property, plant and equipment13,15216,03319,21223,26523,35525,6967,338
Intangible assets, net (including goodwill)193,417197,011201,330205,22270,80372,33172,199
Goodwill120,814120,848120,927120,71128,68528,86629,103
Intangible assets, net (excluding goodwill)72,60376,16380,40384,51142,11843,46543,096
Other noncurrent assets1,1241,0951,3711,3524,1982,415 
Prepaid expense and other noncurrent assets3,027
Total noncurrent assets:213,461214,139221,913229,83998,356100,44282,564
TOTAL ASSETS:307,164293,070365,047359,684335,817248,209256,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45,18738,92743,40744,90236,15529,62420,835
Accounts payable14,02410,98612,35113,23717,54911,0276,265
Accrued liabilities12,93113,31416,00211,6685,5765,2603,094
Employee-related liabilities18,23214,62715,05419,99713,03013,33711,476
Debt  17,202    
Business combination, contingent consideration, liability    14,700 
Other undisclosed current liabilities10,606 21   46,500
Total current liabilities:55,79338,92760,63044,90250,85529,62467,335
Noncurrent Liabilities
Long-term debt and lease obligation183,681198,078     
Long-term debt, excluding current maturities172,060198,078     
Operating lease, liability11,621
Liabilities, other than long-term debt2,89416,26921,10224,8119,14024,0282,720
Deferred revenue and credits7,7247,9498,0518,0601,585
Deferred rent credit 8,065
Deferred tax liabilities, net 2018798798791,135
Deferred income tax liabilities150
Other liabilities2,2441,9923,8773,783210489 
Business combination, contingent consideration, liability5002,2009,30012,200 14,600
Derivative instruments and hedges, liabilities 4,012     
Other undisclosed noncurrent liabilities940150208,253177,178172,51570,40781,501
Total noncurrent liabilities:187,515214,497229,355201,989181,65594,43584,221
Total liabilities:243,308253,424289,985246,891232,510124,059151,556
Stockholders' equity
Stockholders' equity attributable to parent63,85639,64675,062112,793103,307124,150104,641
Common stock18108483686764
Treasury stock, value(4,235)(4,026)(2,942)(2,942)(2,809)(2,328) 
Additional paid in capital730,729640,789594,586567,765404,462372,639321,756
Accumulated other comprehensive income (loss)1,8162,5883,3351,4885102,272(1,097)
Accumulated deficit(664,472)(599,715)(520,001)(453,601)(298,924)(248,500)(216,082)
Other undisclosed stockholders' equity     (248,300) 
Total stockholders' equity:63,85639,64675,062112,793103,307(124,150)104,641
Other undisclosed liabilities and equity     248,300 
TOTAL LIABILITIES AND EQUITY:307,164293,070365,047359,684335,817248,209256,197

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues143,370156,473181,157192,925153,612147,588132,257
Revenue, net181,157192,925153,612147,588132,257
Cost of revenue
(Cost of Goods and Services Sold)
(52,284)(64,550)(59,828)(69,133)(51,821)(41,801)(32,750)
Gross profit:91,08691,923121,329123,792101,791105,78799,507
Operating expenses(133,635)(160,115)(163,149)(218,866)(154,704)(134,933)(109,875)
Operating loss:(42,549)(68,192)(41,820)(95,074)(52,913)(29,146)(10,368)
Nonoperating income (expense)(26,933)(11,238)637(45,764)728(11,293)3,111
Investment income, nonoperating17,71912,10783(43,603)17524550
Foreign currency transaction loss, before tax     (5,740) 
Other nonoperating income (expense)377(517)554(2,161)553(5,798)3,061
Interest and debt expense(11,756)(2,270)(28,576)(15,841)(7,476)(5,709)(321)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11,7562,2702,9002,500(100)13,668(8,500)
Loss from continuing operations before income taxes:(69,482)(79,430)(66,859)(154,179)(59,761)(32,480)(16,078)
Income tax expense (benefit)4,725(284)459(498)9,3376210
Net loss available to common stockholders, diluted:(64,757)(79,714)(66,400)(154,677)(50,424)(32,418)(16,068)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(64,757)(79,714)(66,400)(154,677)(50,424)(32,418)(16,068)
Comprehensive loss:(64,757)(79,714)(66,400)(154,677)(50,424)(32,418)(16,068)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(772)(747)1,847978(1,762)3,369(845)
Comprehensive loss, net of tax, attributable to parent:(65,529)(80,461)(64,553)(153,699)(52,186)(29,049)(16,913)

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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