LivaNova PLC (LIVN) financial statements (2021 and earlier)

Company profile

Business Address 20 EASTBOURNE TERRACE
State of Incorp.
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments253 479440
Cash and cash equivalents253 479440
Receivables184 256282276
Inventory, net of allowances, customer advances and progress billings127 154144183
Inventory127 154144183
Prepaid expense60 474661
Disposal group, including discontinued operation71  251 
Other undisclosed current assets25 305360
Total current assets:719 533870620
Noncurrent Assets
Operating lease, right-of-use asset51 
Property, plant and equipment164 191192224
Long-term investments and receivables31 253461
Long-term investments31 253461
Intangible assets, net (including goodwill), including:1,034 1,3681,2311,301
Goodwill922 957784692
Intangible assets, net (excluding goodwill)  412446609
Other undisclosed intangible assets, net (including goodwill)112    
Derivative instruments and hedges72    
Deferred income tax assets3 
Other noncurrent assets11 576131
Deferred tax assets, net  6
Other undisclosed noncurrent assets326 427101 
Total noncurrent assets:1,692 2,0161,6341,723
TOTAL ASSETS:2,411 2,5502,5042,343
Current Liabilities
Accounts payable and accrued liabilities186 224178191
Accounts payable74 778693
Accrued liabilities95 1247976
Taxes payable16 231322
Debt13 298448
Deferred compensation liability52 836678
Estimated litigation liability29 162  
Disposal group, including discontinued operation30  78 
Total current liabilities:309 497406317
Noncurrent Liabilities
Long-term debt and lease obligation685 1406275
Long-term debt, excluding current maturities642 1406275
Operating lease, liability42 
Liabilities, other than long-term debt218 18097244
Deferred revenue9 
Deferred tax liabilities, net  173
Deferred income tax liabilities9 
Liability, pension and other postretirement and postemployment benefits21 252832
Estimated litigation liability8 132  
Other liabilities50 236939
Derivative instruments and hedges, liabilities122    
Other undisclosed noncurrent liabilities81 230123 
Total noncurrent liabilities:983 549283319
Total liabilities:1,293 1,046689636
Stockholders' equity
Stockholders' equity attributable to parent1,119 1,5041,8151,707
Common stock76 767575
Treasury stock, value(1) (1)(0)(5)
Additional paid in capital1,768 1,7051,7351,720
Accumulated other comprehensive income (loss)28 (24)45(68)
Accumulated deficit(752) (252)(40)(15)
Total stockholders' equity:1,119 1,5041,8151,707
TOTAL LIABILITIES AND EQUITY:2,411 2,5502,5042,343

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

Revenues934 1,1071,0121,214
Revenue, net1,0121,214
Cost of revenue
(Cost of Goods and Services Sold)
(308) (362)(353)(472)
Other undisclosed gross profit   (7)(38)
Gross profit:626 745652704
Operating expenses(804) (651)(556)(732)
Other undisclosed operating loss(92) (342)  
Operating income (loss):(270) (248)96(28)
Nonoperating income (expense)
(Investment Income, Nonoperating)
0 1(7)2
Interest and debt expense(41) (10)(8)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(33) 10  
Income (loss) from continuing operations before equity method investments, income taxes:(344) (247)81(37)
Loss from equity method investments(0) (1)  
Other undisclosed income from continuing operations before income taxes  1413
Income (loss) from continuing operations before income taxes:(344) (247)121(33)
Income tax expense (benefit)1 70(50)(7)
Income (loss) from continuing operations:(344) (178)71(40)
Loss from discontinued operations   (94) 
Net loss:(344) (178)(22)(40)
Other undisclosed net loss attributable to parent(1) (12)(3)(23)
Net loss available to common stockholders, diluted:(345) (189)(25)(63)

Comprehensive Income ($ in millions)

Net loss:(344) (178)(22)(40)
Other comprehensive loss    (14)
Comprehensive loss:(344) (178)(22)(54)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent46 (81)111(23)
Comprehensive income (loss), net of tax, attributable to parent:(298) (259)89(77)

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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