Heska Corporation (HSKA) financial statements (2022 and earlier)

Company profile

Business Address 3760 ROCKY MOUNTAIN AVENUE
LOVELAND, CO 80538
State of Incorp. DE
Fiscal Year End December 31
SIC 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking)
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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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments223,57486,33489,03013,3899,65910,794
Cash and cash equivalents223,57486,33489,03013,3899,65910,794
Net investment in lease137192 
Receivables27,99531,08015,16116,45415,71120,957
Inventory, net of allowances, customer advances and progress billings49,36140,03726,60125,10432,59620,395
Inventory49,36140,03726,60125,10432,59620,395
Prepaid expense5,2443,8752,219   
Contract with customer, asset1,5001,200  
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases3,8562,9892,069 
Other current assets7,2065,1553,0004,4712,8773,127
Other undisclosed current assets4,5383,402    
Total current assets:319,555171,275139,86762,40762,91255,273
Noncurrent Assets
Finance lease, right-of-use asset1,6501,907 
Operating lease, right-of-use asset5,1985,457 
Property, plant and equipment33,41335,54215,46915,98117,33116,581
Long-term investments and receivables10,8543,68618,71316,9089,615 
Long-term investments2,4063,6864,4065,000  
Accounts and financing receivable, after allowance for credit loss8,448     
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases14,30711,9089,615 
Intangible assets, net (including goodwill)175,531144,26847,67636,44328,64528,993
Goodwill118,82688,27636,20426,67926,68726,647
Intangible assets, net (excluding goodwill)56,70555,99211,4729,7641,9582,346
Contract with customer, asset, net5,1004,1003,7003,300
Other noncurrent assets10,1468,4397,5267,5745,4078,875
Other undisclosed noncurrent assets42,62525,16511,47313,83911,87721,122
Total noncurrent assets:284,517228,564104,55794,04572,87575,571
TOTAL ASSETS:604,072399,839244,424156,452135,787130,844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,79833,17412,94517,61113,90613,623
Accounts payable15,37415,1196,6007,4699,4897,154
Accrued liabilities19,42418,0556,34510,1424,4176,469
Deferred revenue6,9016,854 
Debt200295  6,000750
Due to related parties   2261,828 
Business combination, contingent consideration, liability  14,579   
Deferred revenue and credits3,9923,439
Contract with customer, liability2,9302,526
Other undisclosed current liabilities2,0271,7921,745  14,602
Total current liabilities:43,92642,11532,19920,36325,72632,414
Noncurrent Liabilities
Long-term debt and lease obligation103,44352,8711,1216,031  
Long-term debt, excluding current maturities99,93449,0131,1216,031  
Operating lease, liability3,5093,858 
Liabilities, other than long-term debt20,84917,8006,1187,6499,62111,455
Deferred revenue and credits9,62111,455
Deferred revenue3,8544,667 
Contract with customer, liability5,9667,082
Deferred income tax liabilities12,66711,856 
Other liabilities4,3281,277152567  
Other undisclosed noncurrent liabilities  50,452   
Total noncurrent liabilities:124,29270,67157,69113,6809,62111,455
Total liabilities:168,218112,78689,89034,04335,34743,869
Temporary equity, carrying amount  170   
Stockholders' equity
Stockholders' equity attributable to parent, including:435,854287,053154,364122,409100,44086,975
Additional paid in capital579,354423,650290,216257,034243,598238,635
Accumulated other comprehensive income5,03714,16951327723297
Accumulated deficit(148,644)(150,861)(136,444)(134,979)(143,463)(151,827)
Other undisclosed stockholders' equity attributable to parent1079579777370
Total stockholders' equity:435,854287,053154,364122,409100,44086,975
TOTAL LIABILITIES AND EQUITY:604,072399,839244,424156,452135,787130,844

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues253,739197,323122,661127,446129,341130,083
Revenue, net129,341130,083
Cost of revenue(147,945)(116,033)(68,212)(70,808)(71,080)(76,191)
Gross profit:105,79481,29054,44956,63858,26153,892
Operating expenses(106,787)(89,482)(54,122)(52,844)(40,042)(37,359)
Operating income (loss):(993)(8,192)3273,79418,21916,533
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(44)166(482)62228 
Interest and debt expense(4,201)(6,374)(3,089)(310)(245)(160)
Other undisclosed income from continuing operations before equity method investments, income taxes1,797607661261167131
Income (loss) from continuing operations before equity method investments, income taxes:(3,441)(13,793)(2,583)3,80718,36916,504
Loss from equity method investments(1,280)(720)(594)(72)  
Other undisclosed income from continuing operations before income taxes1,28072059472  
Income (loss) from continuing operations before income taxes:(3,441)(13,793)(2,583)3,80718,36916,504
Income tax expense (benefit)3,573(239)1,4462,115(8,913)(4,339)
Income (loss) before gain (loss) on sale of properties:132(14,032)(1,137)5,9229,45612,165
Other undisclosed net loss(1,280)(720)(594)(72)  
Net income (loss):(1,148)(14,752)(1,731)5,8509,45612,165
Net income (loss) attributable to noncontrolling interest 353266 497(1,657)
Net income (loss) available to common stockholders, diluted:(1,148)(14,399)(1,465)5,8509,95310,508

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(1,148)(14,752)(1,731)5,8509,45612,165
Other comprehensive income (loss)(9,132)13,6562364513575
Other undisclosed comprehensive loss     (165)
Comprehensive income (loss):(10,280)(1,096)(1,495)5,8959,59112,075
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 353266 497(1,657)
Comprehensive income (loss), net of tax, attributable to parent:(10,280)(743)(1,229)5,89510,08810,418

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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