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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187311140374290281
Cash and cash equivalents 19514011913360
Short-term investments187116 255158221
Restricted cash and investments  0 026
Receivables1481621441279686
Inventory, net of allowances, customer advances and progress billings229196131108113105
Inventory229196131108113105
Other undisclosed current assets25717215111546
Total current assets:822687631620514545
Noncurrent Assets
Operating lease, right-of-use asset52
Property, plant and equipment217200172143124115
Long-term investments and receivables   849049
Long-term investments   566049
Accounts and financing receivable, after allowance for credit loss   2830 
Intangible assets, net (including goodwill)244208211203168125
Goodwill15712912412410692
Intangible assets, net (excluding goodwill)877987796233
Deferred income tax assets7 
Other noncurrent assets322210811
Deferred tax assets, net142031 
Other undisclosed noncurrent assets354413263   
Total noncurrent assets:858845670458414289
TOTAL ASSETS:1,6791,5321,3011,079928834
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities988987816671
Accounts payable182526251716
Accrued liabilities786360534654
Taxes payable111321
Deferred revenue85
Debt 1    
Deferred revenue and credits1  
Other undisclosed current liabilities15169111412
Total current liabilities:12111196938083
Noncurrent Liabilities
Long-term debt and lease obligation31    
Operating lease, liability31
Liabilities, other than long-term debt21916131015
Deferred tax liabilities, net811813
Deferred income tax liabilities6 
Other liabilities1598222
Other undisclosed noncurrent liabilities29835621
Total noncurrent liabilities:521819181636
Total liabilities:17313011511196119
Stockholders' equity
Stockholders' equity attributable to parent, including:1,5061,4021,186968832715
Additional paid in capital457357300238212193
Accumulated other comprehensive income (loss)4(3)(7)(7)(9)(2)
Retained earnings1,0451,048893736629525
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:1,5061,4021,186968832715
TOTAL LIABILITIES AND EQUITY:1,6791,5321,3011,079928834

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues789785713636564545
Revenue, net636564545
Cost of revenue
(Cost of Goods and Services Sold)
(217)(180)(159)(150)(135)(133)
Gross profit:572605554486429412
Operating expenses(460)(433)(384)(324)(275)(240)
Operating income:111172169162154172
Nonoperating income
(Other Nonoperating income)
141819831
Income from continuing operations before income taxes:126190189170157173
Income tax expense(24)(35)(32)(63)(53)(60)
Net income available to common stockholders, diluted:102155156107104113

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:102155156107104113
Comprehensive income:102155156107104113
Other undisclosed comprehensive income (loss), net of tax, attributable to parent74(0)2(7)(0)
Comprehensive income, net of tax, attributable to parent:10915915610998112

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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