Merit Medical Systems, Inc. (MMSI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57 6732194
Cash and cash equivalents57 6732194
Receivables154 1491158677
Inventory, net of allowances, customer advances and progress billings198 198155121106
Inventory198 198155121106
Prepaid expense4 4333
Other undisclosed current assets17 12101514
Total current assets:430 430316243204
Noncurrent Assets
Operating lease, right-of-use asset78 
Property, plant and equipment383 331293277268
Intangible assets, net (including goodwill)364 335238212184
Goodwill364 335238212184
Deferred income tax assets5 
Other noncurrent assets38 58352813
Other undisclosed noncurrent assets368 466230183109
Total noncurrent assets:1,235 1,190796699575
TOTAL ASSETS:1,664 1,6201,112943779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities165 153967877
Accounts payable50 54353138
Accrued liabilities112 96594538
Taxes payable3 3221
Debt8 22191010
Due to related parties    11
Other undisclosed current liabilities13     
Total current liabilities:185 1751168888
Noncurrent Liabilities
Long-term debt and lease obligation415 373259314198
Long-term debt, excluding current maturities344 373259314198
Operating lease, liability71 
Liabilities, other than long-term debt106 82614227
Deferred revenue and credits233
Accounts payable and accrued liabilities0 05  
Deferred revenue2 
Contract with customer, liability2
Deferred compensation liability, classified17 111199
Deferred tax liabilities, net 232611
Deferred income tax liabilities33 
Liability for uncertainty in income taxes1 3301
Other liabilities53 651644
Other undisclosed noncurrent liabilities  56   
Total noncurrent liabilities:521 512320356225
Total liabilities:706 687435445313
Stockholders' equity
Stockholders' equity attributable to parent959 933676498466
Common stock606 571353206198
Accumulated other comprehensive income (loss)(5) (2)2(2)(5)
Retained earnings358 363321294274
Total stockholders' equity:959 933676498466
TOTAL LIABILITIES AND EQUITY:1,664 1,6201,112943779

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues964 883728604542
Revenue, net728604542
Cost of revenue
(Cost of Goods and Services Sold)
(563) (488)(402)(339)(306)
Gross profit:401 395326265236
Operating expenses(403) (336)(293)(230)(198)
Operating income (loss):(2) 59333538
Nonoperating income (expense)(12) (9)3(9)(6)
Investment income, nonoperating1 11100
Other nonoperating income (expense)(2) 0(1)(1)(0)
Interest and debt expense(10) (10)(8)(9)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes10 10896
Income (loss) from continuing operations before income taxes:(13) 50362531
Income tax expense (benefit)3 (8)(8)(5)(7)
Net income (loss) available to common stockholders, diluted:(10) 42282024

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(10) 42282024
Other comprehensive income (loss)(0) (4)34(3)
Comprehensive income (loss), net of tax, attributable to parent:(10) 38312421

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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