iRhythm Technologies, Inc. (IRTC) financial statements (2022 and earlier)

Company profile

Business Address 699 8TH STREET
SAN FRANCISCO, CA 94103
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
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including: 335,217140,55178,343102,363111,325
Cash and cash equivalents 88,62820,46220,0238,67151,643
Short-term investments 246,589120,08958,32093,69254,407
Other undisclosed cash, cash equivalents, and short-term investments     5,275
Restricted cash and investments     91
Receivables 29,93223,86721,97712,9539,406
Inventory, net of allowances, customer advances and progress billings 5,3134,0372,0621,6831,390
Inventory 5,3134,0372,0621,6831,390
Other undisclosed current assets 7,3634,3374,1002,582(3,604)
Total current assets: 377,825172,792106,482119,581118,608
Noncurrent Assets
Operating lease, right-of-use asset 84,71490,124
Property, plant and equipment 34,24726,4649,1586,2214,653
Long-term investments and receivables  8,030 2,99410,981
Long-term investments  8,030 2,99410,981
Intangible assets, net (including goodwill) 862862862862862
Goodwill 862862862862862
Other noncurrent assets 14,0917,9403,2083,4653,052
Total noncurrent assets: 133,914133,42013,22813,54219,548
TOTAL ASSETS: 511,739306,212119,710133,123138,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 44,89740,95728,99318,19312,268
Accounts payable 4,3658,2432,2842,3952,103
Accrued liabilities 40,53232,58626,57015,64410,165
Interest and dividends payable  128139154 
Deferred revenue 9301,251
Debt 11,6671,944 1,487 
Deferred revenue and credits1,238947
Contract with customer, liability1,243
Other undisclosed current liabilities 8,1717,914   
Total current liabilities: 65,66552,06630,23620,91813,215
Noncurrent Liabilities
Long-term debt and lease obligation 81,29385,74834,89932,49132,227
Long-term debt, excluding current maturities   34,89932,49132,227
Operating lease, liability 81,29385,748
Liabilities, other than long-term debt 1,830 15316126
Deferred revenue and credits16126
Deferred rent credit   153
Other liabilities 1,830    
Other undisclosed noncurrent liabilities 21,33932,989  126
Total noncurrent liabilities: 104,462118,73735,05232,65232,379
Total liabilities: 170,127170,80365,28853,57045,594
Stockholders' equity
Stockholders' equity attributable to parent 341,612135,40954,42279,55392,562
Common stock 2725232322
Additional paid in capital 646,258395,695257,955236,184219,718
Accumulated other comprehensive income (loss) 1182(41)(65)(9)
Accumulated deficit (304,684)(260,393)(203,515)(156,589)(127,169)
Total stockholders' equity: 341,612135,40954,42279,55392,562
TOTAL LIABILITIES AND EQUITY: 511,739306,212119,710133,123138,156

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 265,166214,552147,29398,50964,072
Revenue, net98,50964,072
Cost of revenue (70,277)(52,485)(38,579)(27,708)(20,883)
Gross profit: 194,889162,067108,71470,80143,189
Operating expenses (238,562)(216,822)(152,332)(98,072)(58,771)
Operating loss: (43,673)(54,755)(43,618)(27,271)(15,582)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 1,5911,8951,5261,237(2,073)
Interest and debt expense (1,519)(1,643)(6,144)(3,386)(3,248)
Loss from continuing operations before income taxes: (43,601)(54,503)(48,236)(29,420)(20,903)
Income tax expense (229)(65)(44)  
Net loss available to common stockholders, diluted: (43,830)(54,568)(48,280)(29,420)(20,903)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (43,830)(54,568)(48,280)(29,420)(20,903)
Comprehensive loss: (43,830)(54,568)(48,280)(29,420)(20,903)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (71)9824(56)(9)
Comprehensive loss, net of tax, attributable to parent: (43,901)(54,470)(48,256)(29,476)(20,912)

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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