Merit Medical Systems, Inc. (MMSI) financial statements (2020 and earlier)

Company profile

Business Address 1600 WEST MERIT PARK WAY
SOUTH JORDAN, UT 84095
State of Incorp. UT
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 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 investments44673219477
Cash and cash equivalents44673219477
Receivables16514911586778060
Inventory, net of allowances, customer advances and progress billings2261981551211069282
Inventory2261981551211069282
Prepaid expense3433311
Income taxes receivable0
Other undisclosed current assets16121015141214
Total current assets:455430316243204192166
Noncurrent Assets
Operating lease, right-of-use asset80
Property, plant and equipment379331293277268244243
Intangible assets, net (including goodwill)353335238212184184185
Goodwill353335238212184184185
Deferred income tax assets4
Other noncurrent assets41583528131614
Other undisclosed noncurrent assets445466230183109110121
Total noncurrent assets:1,3031,190796699575555562
TOTAL ASSETS:1,7571,6201,112943779747728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1631539678778030
Accounts payable555435313830 
Accrued liabilities105965945383428
Employee-related liabilities     13 
Taxes payable3322133
Debt19221910101010
Due to related parties   110 
Other undisclosed current liabilities     (15)25
Total current liabilities:18217511688887566
Noncurrent Liabilities
Long-term debt and lease obligation505373259314198214239
Long-term debt, excluding current maturities432373259314198214239
Operating lease, liability73
Liabilities, other than long-term debt121826142272218
Deferred revenue and credits23333
Accounts payable and accrued liabilities005    
Deferred revenue2
Contract with customer, liability2
Deferred compensation liability, classified1511119998
Deferred tax liabilities, net 23261163
Deferred income tax liabilities45
Liability for uncertainty in income taxes2330112
Other liabilities5665164433
Other undisclosed noncurrent liabilities 56     
Total noncurrent liabilities:626512320356225236257
Total liabilities:807687435445313312323
Stockholders' equity
Stockholders' equity attributable to parent950933676498466435406
Common stock587571353206198188178
Accumulated other comprehensive income (loss)(5)(2)2(2)(5)(2)1
Retained earnings368363321294274250227
Total stockholders' equity:950933676498466435406
TOTAL LIABILITIES AND EQUITY:1,7571,6201,112943779747728

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
Revenues995883728604542510449
Revenue, net728604542510449
Cost of revenue
(Cost of Goods and Services Sold)
(562)(488)(402)(339)(306)(284)(255)
Gross profit:432395326265236225194
Operating expenses(417)(336)(293)(230)(198)(185)(167)
Operating income:15593335384028
Nonoperating income (expense)(13)(9)3(9)(6)(9)(8)
Investment income, nonoperating(0)1110000
Other nonoperating income (expense)(1)0(1)(1)(0)0(0)
Interest and debt expense(12)(10)(8)(9)(6)(9)(8)
Other undisclosed income from continuing operations before equity method investments, income taxes121089698
Income from continuing operations before income taxes:2503625313220
Income tax expense (benefit)3(8)(8)(5)(7)(9)(3)
Net income available to common stockholders, diluted:5422820242317

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 income:5422820242317
Other comprehensive income (loss)(4)(4)34(3)(3)2
Comprehensive income, net of tax, attributable to parent:1383124212019

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: