Invacare Corporation (IVC) financial statements (2022 and earlier)

Company profile

Business Address ONE INVACARE WAY
ELYRIA, OH 44036
State of Incorp. OH
Fiscal Year End December 31
SIC 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments841058011717712460
Cash and cash equivalents841058011717712460
Receivables117109117121127118135
Inventory, net of allowances, customer advances and progress billings144115121128122136133
Inventory144115121128122136133
Other current assets40453831323234
Total current assets:385374356397457409362
Noncurrent Assets
Finance lease, right-of-use asset6364 
Operating lease, right-of-use asset1315 
Property, plant and equipment61564774807579
Intangible assets, net (including goodwill)382430400408432390393
Goodwill356402373381401361362
Intangible assets, net (excluding goodwill)26282627302931
Other noncurrent assets564698305
Other undisclosed noncurrent assets  46    
Total noncurrent assets:524572496488609495476
TOTAL ASSETS:9109468528861,066904838
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities237215209196216206246
Accounts payable1308588929188106
Accrued liabilities103126121100119110122
Taxes payable43047718
Debt36022152
Other undisclosed current liabilities7109    
Total current liabilities:247230219198218221248
Noncurrent Liabilities
Long-term debt and lease obligation, including:30523921925424114645
Long-term debt, excluding current maturities30523921925424114645
Operating lease, liability89 
Other undisclosed long-term debt and lease obligation(8)(9)     
Liabilities, other than long-term debt, including:6770677518311483
Deferred compensation liability, classified6556644
Deferred tax liabilities, net   31
Liability for uncertainty in income taxes3332334
Liability, pension and other postretirement and postemployment benefits89771013 
Other liabilities27434415
Other undisclosed liabilities, other than long-term debt484648581619127
Total noncurrent liabilities:372310286329425260128
Total liabilities:619540505527643481375
Stockholders' equity
Stockholders' equity attributable to parent, including:218334309359423422463
Treasury stock, value(108)(106)(104)(103)(101)(100)(94)
Additional paid in capital277326313298290266247
Accumulated other comprehensive income (loss)174531337(19)(9)
Retained earnings235987142188266311
Other undisclosed stockholders' equity attributable to parent1010109999
Total stockholders' equity:218334309359423422463
Other undisclosed liabilities and equity727239    
TOTAL LIABILITIES AND EQUITY:9109468528861,066904838

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8728519289729661,0471,142
Revenue, net9661,0471,142
Cost of revenue(633)(605)(666)(705)(697)(764)(830)
Gross profit:239245262268269284313
Operating expenses(232)(227)(261)(282)(297)(296)(320)
Other undisclosed operating loss(31)(7)(12)(3)(12)(2) 
Operating income (loss):(24)11(10)(18)(40)(15)(7)
Nonoperating income
(Investment Income, Nonoperating)
  0000 
Interest and debt expense(15)(36)(36)(28)(23)(16)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 0212(3)1(2)
Loss from continuing operations before equity method investments, income taxes:(39)(24)(44)(34)(66)(30)(12)
Other undisclosed income from continuing operations before income taxes0      
Loss from continuing operations before income taxes:(39)(24)(44)(34)(66)(30)(12)
Income tax expense(6)(4)(9)(10)(10)(13)(15)
Net loss:(46)(28)(53)(44)(77)(43)(26)
Other undisclosed net income attributable to parent      0
Net loss available to common stockholders, diluted:(46)(28)(53)(44)(77)(43)(26)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(46)(28)(53)(44)(77)(43)(26)
Other comprehensive income (loss)(28)42(10)(24)56(10)(81)
Comprehensive income (loss):(74)14(63)(68)(20)(53)(107)
Other undisclosed comprehensive income, net of tax, attributable to parent      0
Comprehensive income (loss), net of tax, attributable to parent:(74)14(63)(68)(20)(53)(107)

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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