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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments80117177124603930
Cash and cash equivalents80117177124603930
Receivables117121127118135183190
Inventory, net of allowances, customer advances and progress billings121128122136133156156
Inventory121128122136133156156
Prepaid expense     15 
Derivative instruments and hedges, assets     1 
Prepaid expense and other current assets14
Income taxes receivable2
Deferred tax assets    (0)(3)
Other current assets383132323437 
Other undisclosed current assets     (35)31
Total current assets:356397457409362395420
Noncurrent Assets
Property, plant and equipment477480757986106
Long-term investments and receivables     12
Long-term investments     01
Accounts and financing receivable, after allowance for credit loss     11
Intangible assets, net (including goodwill)400408432390393464525
Goodwill373381401361362426462
Intangible assets, net (excluding goodwill)26273029313863
Deferred costs     01
Other noncurrent assets469830519 
Prepaid expense and other noncurrent assets1
Deferred tax assets, net     (32)
Other undisclosed noncurrent assets46    (2)73
Total noncurrent assets:496488609495476568677
TOTAL ASSETS:8528861,0669048389641,096
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities209196216206246336287
Accounts payable88929188106120117
Accrued liabilities121100119110122156133
Employee-related liabilities     45 
Taxes payable0477181337
Interest and dividends payable     1 
Debt022152114
Deferred compensation liability     22 
Derivative instruments and hedges, liabilities     31
Deferred revenue and credits   0 
Other undisclosed current liabilities9    (71)(26)
Total current liabilities:219198218221248290276
Noncurrent Liabilities
Long-term debt and lease obligation219254241146451931
Long-term debt, excluding current maturities219254241146451931
Liabilities, other than long-term debt, including:67751831148389177
Pension and other postretirement defined benefit plans, liabilities27
Deferred compensation liability, classified56644612
Deferred tax liabilities, net   31305
Liability for uncertainty in income taxes323341516
Liability, pension and other postretirement and postemployment benefits771013  
Other liabilities43441513118
Other undisclosed liabilities, other than long-term debt4858161912726 
Total noncurrent liabilities:286329425260128108208
Total liabilities:505527643481375398485
Stockholders' equity
Stockholders' equity attributable to parent, including:309359423422463565671
Treasury stock, value(104)(103)(101)(100)(94)(94)(94)
Additional paid in capital313298290266247241235
Accumulated other comprehensive income (loss)31337(19)(9)72125
Retained earnings87142188266311338396
Other undisclosed stockholders' equity attributable to parent10999999
Total stockholders' equity:309359423422463565671
Other undisclosed liabilities and equity39     (59)
TOTAL LIABILITIES AND EQUITY:8528861,0669048389641,096

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9289729661,0471,1421,2701,353
Revenue, net9661,0471,1421,2701,352
Cost of revenue(666)(705)(697)(764)(830)(923)(975)
Cost of goods and services sold      (975)
Other undisclosed gross profit      (0)
Gross profit:262268269284313347377
Operating expenses(261)(282)(297)(296)(320)(437)(451)
Other undisclosed operating loss(12)(3)(12)(2)   
Operating loss:(10)(18)(40)(15)(7)(90)(73)
Nonoperating income (expense)
(Investment Income, Nonoperating)
0000  (82)
Interest and debt expense(36)(28)(23)(16)(3)(3)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes212(3)1(2)30120
Loss from continuing operations before income taxes:(44)(34)(66)(30)(12)(63)(38)
Income tax expense(9)(10)(10)(13)(15)(6)(13)
Loss from continuing operations:(53)(44)(77)(43)(26)(69)(51)
Income from discontinued operations     0 
Net loss:(53)(44)(77)(43)(26)(68)(51)
Other undisclosed net income attributable to parent    01284
Net income (loss) available to common stockholders, diluted:(53)(44)(77)(43)(26)(56)33

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(53)(44)(77)(43)(26)(68)(51)
Other comprehensive income (loss)(10)(24)56(10)(81)(54)12
Comprehensive loss:(63)(68)(20)(53)(107)(122)(39)
Other undisclosed comprehensive income, net of tax, attributable to parent    01284
Comprehensive income (loss), net of tax, attributable to parent:(63)(68)(20)(53)(107)(110)45

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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