Inspire Medical Systems, Inc. (INSP) financial statements (2021 and earlier)

Company profile

Business Address 5500 WAYZATA BLVD
GOLDEN VALLEY, MN 55416
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments234149188
Cash and cash equivalents1912397
Short-term investments4412791
Receivables25137
Inventory, net of allowances, customer advances and progress billings863
Inventory863
Prepaid expense222
Total current assets:270171199
Noncurrent Assets
Operating lease, right-of-use asset6 
Property, plant and equipment531
Long-term investments and receivables 6 
Long-term investments 6 
Other noncurrent assets00 
Other undisclosed noncurrent assets 1 
Total noncurrent assets:11111
TOTAL ASSETS:281181200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities211711
Accounts payable743
Accrued liabilities14128
Total current liabilities:211711
Noncurrent Liabilities
Long-term debt and lease obligation312525
Long-term debt, excluding current maturities252525
Operating lease, liability6 
Liabilities, other than long-term debt00 
Other liabilities00 
Total noncurrent liabilities:312525
Total liabilities:514136
Stockholders' equity
Stockholders' equity attributable to parent230140164
Common stock000
Additional paid in capital467320311
Accumulated other comprehensive income (loss)00(0)
Accumulated deficit(237)(180)(147)
Total stockholders' equity:230140164
TOTAL LIABILITIES AND EQUITY:281181200

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

12/31/2020
12/31/2019
12/31/2018
Revenues1158251
Cost of revenue(18)(14)(10)
Cost of goods and services sold(18)  
Gross profit:986841
Operating expenses(154)(103)(61)
Operating loss:(56)(35)(20)
Nonoperating income (expense)(1)2(1)
Investment income, nonoperating142
Other nonoperating income (expense)00(0)
Interest and debt expense(2)(2)(3)
Loss from continuing operations before equity method investments, income taxes:(59)(35)(25)
Other undisclosed income from continuing operations before income taxes223
Loss from continuing operations before income taxes:(57)(33)(22)
Income tax expense(0)(0) 
Net loss available to common stockholders, diluted:(57)(33)(22)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net loss:(57)(33)(22)
Other comprehensive loss (0) 
Comprehensive loss:(57)(33)(22)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)
Comprehensive loss, net of tax, attributable to parent:(57)(33)(22)

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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