Globus Medical, Inc. (GMED) financial statements (2021 and earlier)

Company profile

Business Address 2560 GENERAL ARMISTEAD AVENUE
AUDUBON, PA 19403
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 millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments311140374290281229
Cash and cash equivalents1951401191336082
Short-term investments116 255158221146
Restricted cash and investments 0 026 
Receivables162144127968675
Inventory, net of allowances, customer advances and progress billings19613110811310591
Inventory19613110811310591
Income taxes receivable6
Other undisclosed current assets1721511154669
Total current assets:687631620514545470
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment20017214312411569
Long-term investments and receivables  84904975
Long-term investments  56604975
Accounts and financing receivable, after allowance for credit loss  2830  
Intangible assets, net (including goodwill)20821120316812588
Goodwill1291241241069253
Intangible assets, net (excluding goodwill)798779623335
Other noncurrent assets22108111
Deferred tax assets, net142031  
Other undisclosed noncurrent assets413263    
Total noncurrent assets:845670458414289234
TOTAL ASSETS:1,5321,3011,079928834704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8987816671103
Accounts payable252625171616
Accrued liabilities636053465461
Employee-related liabilities     20
Taxes payable113215
Deferred revenue5
Debt1     
Deferred revenue and credits1   
Other undisclosed current liabilities169111412(13)
Total current liabilities:1119693808389
Noncurrent Liabilities
Long-term debt and lease obligation1     
Operating lease, liability1
Liabilities, other than long-term debt9161310158
Deferred tax liabilities, net8118135
Other liabilities982223
Other undisclosed noncurrent liabilities83562120
Total noncurrent liabilities:181918163629
Total liabilities:13011511196119118
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4021,186968832715585
Additional paid in capital357300238212193175
Accumulated other comprehensive loss(3)(7)(7)(9)(2)(2)
Retained earnings1,048893736629525412
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:1,4021,186968832715585
TOTAL LIABILITIES AND EQUITY:1,5321,3011,079928834704

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues785713636564545474
Revenue, net636564545474
Cost of revenue
(Cost of Goods and Services Sold)
(180)(159)(150)(135)(133)(118)
Other undisclosed gross profit     7
Gross profit:605554486429412364
Operating expenses(433)(384)(324)(275)(240)(225)
Operating income:172169162154172138
Nonoperating income (expense)1819831(3)
Investment income, nonoperating     (3)
Foreign currency transaction loss, before tax     (1)
Other nonoperating income18198310
Other undisclosed income from continuing operations before equity method investments, income taxes     4
Income from continuing operations before income taxes:190189170157173139
Income tax expense(35)(32)(63)(53)(60)(46)
Net income available to common stockholders, diluted:15515610710411392

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:15515610710411392
Comprehensive income:15515610710411392
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(0)2(7)(0)(1)
Comprehensive income, net of tax, attributable to parent:1591561099811292

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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