Inspire Medical Systems, Inc. (INSP) financial statements (2022 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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments214,467234,362149,465188,210
Cash and cash equivalents214,467190,51822,86097,288
Short-term investments 43,844126,60590,922
Receivables34,17925,06313,1316,667
Inventory, net of allowances, customer advances and progress billings17,2318,4795,8342,667
Inventory17,2318,4795,8342,667
Prepaid expense2,6601,9652,2061,734
Total current assets:268,537269,869170,636199,278
Noncurrent Assets
Operating lease, right-of-use asset7,9195,805 
Property, plant and equipment8,4865,3113,045802
Long-term investments and receivables9,938 6,276 
Long-term investments9,938 6,276 
Other noncurrent assets204204381 
Other undisclosed noncurrent assets  915 
Total noncurrent assets:26,54711,32010,617802
TOTAL ASSETS:295,084281,189181,253200,080
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,11920,72516,85611,155
Accounts payable11,6657,2094,4593,429
Accrued liabilities20,45413,51612,3977,726
Debt9,188   
Total current liabilities:41,30720,72516,85611,155
Noncurrent Liabilities
Long-term debt and lease obligation24,59530,63224,52224,926
Long-term debt, excluding current maturities15,79924,74624,52224,926
Operating lease, liability8,7965,886 
Liabilities, other than long-term debt1348540 
Other liabilities1348540 
Total noncurrent liabilities:24,72930,71724,56224,926
Total liabilities:66,03651,44241,41836,081
Stockholders' equity
Stockholders' equity attributable to parent229,048229,747139,835163,999
Common stock27272423
Additional paid in capital508,465467,038319,865310,941
Accumulated other comprehensive income (loss)(55)29102(52)
Accumulated deficit(279,389)(237,347)(180,156)(146,913)
Total stockholders' equity:229,048229,747139,835163,999
TOTAL LIABILITIES AND EQUITY:295,084281,189181,253200,080

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues233,394115,38182,05050,593
Cost of revenue(33,279)(17,623)(13,643)(10,056)
Cost of goods and services sold(33,279)(17,623)  
Gross profit:200,11597,75868,40740,537
Operating expenses(239,965)(153,966)(103,304)(60,915)
Operating loss:(39,850)(56,208)(34,897)(20,378)
Nonoperating income (expense)(2,120)(880)1,694(1,450)
Investment income, nonoperating1251,0923,8011,870
Other nonoperating income (expense)(117)14512(16)
Interest and debt expense(2,128)(2,117)(2,119)(3,304)
Loss from continuing operations before equity method investments, income taxes:(44,098)(59,205)(35,322)(25,132)
Other undisclosed income from continuing operations before income taxes2,1282,1172,1193,304
Loss from continuing operations before income taxes:(41,970)(57,088)(33,203)(21,828)
Income tax expense(72)(115)(40) 
Net loss available to common stockholders, diluted:(42,042)(57,203)(33,243)(21,828)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(42,042)(57,203)(33,243)(21,828)
Other comprehensive loss  (154) 
Comprehensive loss:(42,042)(57,203)(33,397)(21,828)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(84)(73)308(52)
Comprehensive loss, net of tax, attributable to parent:(42,126)(57,276)(33,089)(21,880)

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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