Globus Medical, Inc. (GMED) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments250187311140374290
Cash and cash equivalents  195140119133
Short-term investments250187116 255158
Restricted cash and investments   0 0
Receivables16614816214412796
Inventory, net of allowances, customer advances and progress billings237229196131108113
Inventory237229196131108113
Other undisclosed current assets211257172151115
Total current assets:865822687631620514
Noncurrent Assets
Operating lease, right-of-use asset 52
Property, plant and equipment221217200172143124
Long-term investments and receivables562   8490
Long-term investments562   5660
Accounts and financing receivable, after allowance for credit loss    2830
Intangible assets, net (including goodwill)248244208211203168
Goodwill180157129124124106
Intangible assets, net (excluding goodwill)698779877962
Deferred income tax assets247 
Other noncurrent assets3632221081
Deferred tax assets, net142031
Other undisclosed noncurrent assets 354413263  
Total noncurrent assets:1,093858845670458414
TOTAL ASSETS:1,9571,6791,5321,3011,079928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1149889878166
Accounts payable221825262517
Accrued liabilities917863605346
Taxes payable111132
Deferred revenue1285
Debt  1   
Deferred revenue and credits1 
Other undisclosed current liabilities14151691114
Total current liabilities:140121111969380
Noncurrent Liabilities
Long-term debt and lease obligation331   
Operating lease, liability331
Liabilities, other than long-term debt17219161310
Deferred tax liabilities, net8118
Deferred income tax liabilities46 
Other liabilities13159822
Other undisclosed noncurrent liabilities56298356
Total noncurrent liabilities:765218191816
Total liabilities:21617313011511196
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7411,5061,4021,186968832
Additional paid in capital554457357300238212
Accumulated other comprehensive income (loss)(7)4(3)(7)(7)(9)
Retained earnings1,1941,0451,048893736629
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:1,7411,5061,4021,186968832
TOTAL LIABILITIES AND EQUITY:1,9571,6791,5321,3011,079928

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues958789785713636564
Revenue, net636564
Cost of revenue
(Cost of Goods and Services Sold)
(239)(217)(180)(159)(150)(135)
Gross profit:719572605554486429
Operating expenses(547)(460)(433)(384)(324)(275)
Operating income:172111172169162154
Nonoperating income
(Other Nonoperating income)
814181983
Income from continuing operations before income taxes:180126190189170157
Income tax expense(31)(24)(35)(32)(63)(53)
Net income available to common stockholders, diluted:149102155156107104

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:149102155156107104
Comprehensive income:149102155156107104
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11)74(0)2(7)
Comprehensive income, net of tax, attributable to parent:13810915915610998

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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