IDEXX Laboratories, Inc. (IDXX) financial statements (2020 and earlier)

Company profile

Business Address ONE IDEXX DRIVE
WESTBROOK, ME 04092-2041
State of Incorp. DE
Fiscal Year End December 31
SIC 2835 - In Vitro and In Vivo Diagnostic Substances (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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90124472392343323279
Cash and cash equivalents90124188155129323279
Short-term investments  284237214  
Receivables269249235204188152158
Inventory, net of allowances, customer advances and progress billings195173164158189160133
Inventory195173164158189160133
Prepaid expense     33 
Deferred costs     11 
Other current assets12510810191628649
Other undisclosed current assets    40(6)33
Total current assets:680654972846822759653
Noncurrent Assets
Operating lease, right-of-use asset81
Property, plant and equipment534437379357333304281
Intangible assets, net (including goodwill)298256244224235250239
Goodwill240214200178179184181
Intangible assets, net (excluding goodwill)58424446566559
Prepaid expense     1113
Deferred costs     2821
Other noncurrent assets240190119103857257
Other undisclosed noncurrent assets     (39)(34)
Total noncurrent assets:1,153883741685653625578
TOTAL ASSETS:1,8321,5371,7131,5311,4751,3841,231
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities395330320296258344258
Accounts payable72706760534530
Accrued liabilities323261253236206195149
Employee-related liabilities     7562
Taxes payable     2817
Deferred revenue41
Debt289399655611573549278
Deferred revenue and credits2927263221
Contract with customer, liability41
Other undisclosed current liabilities     (104)(79)
Total current liabilities:7257701,005935857821478
Noncurrent Liabilities
Long-term debt and lease obligation766601606593597350150
Long-term debt, excluding current maturities699601606593597350150
Operating lease, liability67
Liabilities, other than long-term debt16314615711110510184
Deferred revenue and credits3633272218
Deferred revenue49
Contract with customer, liability61
Deferred tax liabilities, net 2539494234
Deferred income tax liabilities33
Other liabilities81859639293231
Business combination, contingent consideration, liability     6
Other undisclosed noncurrent liabilities 29   (6) 
Total noncurrent liabilities:929776763704702446234
Total liabilities:1,6551,5471,7671,6391,5591,267712
Stockholders' equity
Stockholders' equity attributable to parent, including:177(10)(54)(108)(84)118518
Common stock11111010101010
Treasury stock, value(2,601)(2,289)(1,912)(1,633)(1,316)(2,453)(1,829)
Additional paid in capital1,2141,1381,0741,012941888825
Accumulated other comprehensive income (loss)(46)(42)(36)(43)(42)(8)14
Retained earnings1,5961,1688045403181,6751,493
Other undisclosed stockholders' equity attributable to parent4566555
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:178(9)(54)(108)(84)118518
TOTAL LIABILITIES AND EQUITY:1,8321,5371,7131,5311,4751,3841,231

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,4072,2131,9691,7751,6021,4861,377
Revenue, net1,9691,7751,6021,4861,377
Cost of revenue(1,041)(972)(872)(800)(712)(670)(621)
Cost of goods and services sold  (872)(800)(712)(670)(621)
Gross profit:1,3661,2421,097975890816756
Operating expenses(813)(750)(684)(625)(590)(616)(544)
Other undisclosed operating income     6154
Operating income:553491413350300260267
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
     (2)(0)
Interest and debt expense(31)(35)(37)(32)(29)(15)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes0154242
Income from continuing operations before income taxes:522458381322273247263
Income tax expense(94)(81)(118)(100)(81)(65)(75)
Net income:428377263222192182188
Net income (loss) attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)0
Net income available to common stockholders, diluted:428377263222192182188

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:428377263222192182188
Other comprehensive income (loss)(4)(5)7(1)(34)(22)(2)
Comprehensive income:423372270221158160185
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income, net of tax, attributable to parent:423372270221158160185

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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