Invacare Corporation (IVC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105801171771246039
Cash and cash equivalents105801171771246039
Receivables109117121127118135183
Inventory, net of allowances, customer advances and progress billings115121128122136133156
Inventory115121128122136133156
Prepaid expense      15
Derivative instruments and hedges, assets      1
Deferred tax assets    (0)
Other current assets45383132323437
Other undisclosed current assets      (35)
Total current assets:374356397457409362395
Noncurrent Assets
Finance lease, right-of-use asset64 
Operating lease, right-of-use asset15 
Property, plant and equipment56477480757986
Long-term investments and receivables      1
Long-term investments      0
Accounts and financing receivable, after allowance for credit loss      1
Intangible assets, net (including goodwill)430400408432390393464
Goodwill402373381401361362426
Intangible assets, net (excluding goodwill)28262730293138
Deferred costs      0
Other noncurrent assets6469830519
Other undisclosed noncurrent assets 46    (2)
Total noncurrent assets:572496488609495476568
TOTAL ASSETS:9468528861,066904838964
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities215209196216206246336
Accounts payable8588929188106120
Accrued liabilities126121100119110122156
Employee-related liabilities      45
Taxes payable304771813
Interest and dividends payable      1
Debt60221521
Deferred compensation liability      22
Derivative instruments and hedges, liabilities      3
Deferred revenue and credits   0
Other undisclosed current liabilities109    (71)
Total current liabilities:230219198218221248290
Noncurrent Liabilities
Long-term debt and lease obligation, including:2392192542411464519
Long-term debt, excluding current maturities2392192542411464519
Operating lease, liability9 
Other undisclosed long-term debt and lease obligation(9)      
Liabilities, other than long-term debt, including:7067751831148389
Deferred compensation liability, classified5566446
Deferred tax liabilities, net   3130
Liability for uncertainty in income taxes33233415
Liability, pension and other postretirement and postemployment benefits9771013  
Other liabilities743441513
Other undisclosed liabilities, other than long-term debt464858161912726
Total noncurrent liabilities:310286329425260128108
Total liabilities:540505527643481375398
Stockholders' equity
Stockholders' equity attributable to parent, including:334309359423422463565
Treasury stock, value(106)(104)(103)(101)(100)(94)(94)
Additional paid in capital326313298290266247241
Accumulated other comprehensive income (loss)4531337(19)(9)72
Retained earnings5987142188266311338
Other undisclosed stockholders' equity attributable to parent101099999
Total stockholders' equity:334309359423422463565
Other undisclosed liabilities and equity7239     
TOTAL LIABILITIES AND EQUITY:9468528861,066904838964

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8519289729661,0471,1421,270
Revenue, net9661,0471,1421,270
Cost of revenue(605)(666)(705)(697)(764)(830)(923)
Gross profit:245262268269284313347
Operating expenses(227)(261)(282)(297)(296)(320)(437)
Other undisclosed operating loss(7)(12)(3)(12)(2)  
Operating income (loss):11(10)(18)(40)(15)(7)(90)
Nonoperating income
(Investment Income, Nonoperating)
 0000  
Interest and debt expense(36)(36)(28)(23)(16)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0212(3)1(2)30
Loss from continuing operations before income taxes:(24)(44)(34)(66)(30)(12)(63)
Income tax expense(4)(9)(10)(10)(13)(15)(6)
Loss from continuing operations:(28)(53)(44)(77)(43)(26)(69)
Income from discontinued operations      0
Net loss:(28)(53)(44)(77)(43)(26)(68)
Other undisclosed net income attributable to parent     012
Net loss available to common stockholders, diluted:(28)(53)(44)(77)(43)(26)(56)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(28)(53)(44)(77)(43)(26)(68)
Other comprehensive income (loss)42(10)(24)56(10)(81)(54)
Comprehensive income (loss):14(63)(68)(20)(53)(107)(122)
Other undisclosed comprehensive income, net of tax, attributable to parent     012
Comprehensive income (loss), net of tax, attributable to parent:14(63)(68)(20)(53)(107)(110)

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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