LeMaitre Vascular, Inc. (LMAT) financial statements (2023 and earlier)

Company profile

Business Address 63 SECOND AVENUE
BURLINGTON, MA 01803
State of Incorp.
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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69,95926,76411,78626,31841,66024,28827,451
Cash and cash equivalents13,85526,76411,78626,31819,09624,28827,451
Short-term investments56,104   22,564  
Receivables19,63119,55216,57215,72115,00013,19111,971
Inventory, net of allowances, customer advances and progress billings     19,57815,205
Inventory     19,57815,205
Other undisclosed current assets50,29347,94763,73451,97823,6511,9703,557
Total current assets:139,88394,26392,09294,01780,31159,02758,184
Noncurrent Assets
Operating lease, right-of-use asset15,07116,06615,208
Property, plant and equipment17,05915,03614,85414,10212,3788,0127,022
Intangible assets, net (including goodwill)118,655124,85064,84443,56032,07833,32324,125
Goodwill65,94565,94539,95129,86823,84423,42617,789
Intangible assets, net (excluding goodwill)52,71058,90524,89313,6928,2349,8976,336
Deferred income tax assets1,5661,6861,084
Other noncurrent assets568909259194178163168
Deferred tax assets, net1,2151,3781,3991,205
Total noncurrent assets:152,919158,54796,24959,07146,01242,89732,520
TOTAL ASSETS:292,802252,810188,341153,088126,323101,92490,704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,67219,91916,61817,57911,31310,02110,203
Accounts payable2,3402,3942,6041,7321,5431,2171,366
Accrued liabilities16,33217,52514,01415,8479,7708,8048,837
Debt 2,5001,757    
Other undisclosed current liabilities3,1412,7262,4762,1791,876461165
Total current liabilities:21,81325,14520,85119,75813,18910,48210,368
Noncurrent Liabilities
Long-term debt and lease obligation14,06750,32313,955    
Long-term debt, excluding current maturities 35,532     
Operating lease, liability14,06714,79113,955
Liabilities, other than long-term debt2,7714,7705,3942,6111,9863,9422,452
Deferred tax liabilities, net 7981,9411,678
Deferred income tax liabilities701271,179
Other liabilities2,7014,6434,2152,6111,1882,001774
Other undisclosed noncurrent liabilities   4841,378  
Total noncurrent liabilities:16,83855,09319,3493,0953,3643,9422,452
Total liabilities:38,65180,23840,20022,85316,55314,42412,820
Stockholders' equity
Stockholders' equity attributable to parent254,151172,572148,141130,235109,77087,50077,884
Common stock235221217211207200197
Treasury stock, value(12,404)(11,602)(11,032)(10,349)(9,608)(8,830)(8,519)
Additional paid in capital181,630114,924105,93498,44293,12785,37882,094
Accumulated other comprehensive loss(3,435)(1,525)(4,007)(3,900)(2,289)(4,583)(4,049)
Retained earnings88,12570,55457,02945,83128,33315,3358,161
Total stockholders' equity:254,151172,572148,141130,235109,77087,50077,884
TOTAL LIABILITIES AND EQUITY:292,802252,810188,341153,088126,323101,92490,704

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues154,424129,366117,232105,568100,86789,15178,352
Revenue, net100,86789,15178,352
Cost of revenue
(Cost of Goods and Services Sold)
(53,042)(44,748)(37,379)(31,629)(30,170)(26,215)(24,186)
Gross profit:101,38284,61879,85373,93970,69762,93654,166
Operating expenses(64,957)(55,830)(58,670)(45,730)(49,594)(46,600)(42,653)
Operating income:36,42528,78821,18328,20921,10316,33611,513
Nonoperating income (expense)81(122)49623724(80)(89)
Investment income, nonoperating1972076986311798113
Foreign currency transaction loss, before tax(116)(329)(202)(394)(155)(161)(102)
Interest and debt expense(2,219)(1,310) (2)(21)(14) 
Income from continuing operations before income taxes:34,28727,35621,67928,44421,10616,24211,424
Income tax expense(7,380)(6,136)(3,745)(5,501)(3,929)(5,652)(3,666)
Net income available to common stockholders, diluted:26,90721,22017,93422,94317,17710,5907,758

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:26,90721,22017,93422,94317,17710,5907,758
Other comprehensive income (loss)    2,294(534)(1,684)
Comprehensive income:26,90721,22017,93422,94319,47110,0566,074
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,910)2,482(107)(1,611)   
Comprehensive income, net of tax, attributable to parent:24,99723,70217,82721,33219,47110,0566,074

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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