NuVasive, Inc. (NUVA) financial statements (2022 and earlier)

Company profile

Business Address 7475 LUSK BLVD.
SAN DIEGO, CA 92121
State of Incorp. DE
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)

12/31/2021
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 investments2461,03021311873154358
Cash and cash equivalents24685721311873154192
Short-term investments 173    165
Restricted cash and investments    4  
Receivables214207212196199172128
Inventory, net of allowances, customer advances and progress billings316301312273247208168
Inventory316301312273247208168
Prepaid expense551017173241
Other undisclosed current assets2120171419109
Total current assets:8021,562764618559575703
Noncurrent Assets
Finance lease, right-of-use asset  1
Operating lease, right-of-use asset10310267
Property, plant and equipment304286266239215182141
Long-term investments and receivables      112
Long-term investments      112
Intangible assets, net (including goodwill)876712762813818777239
Goodwill633560561561537486154
Intangible assets, net (excluding goodwill)24315220125228129185
Restricted cash and investments1112176
Deferred income tax assets4816 
Other noncurrent assets19131530392421
Other undisclosed noncurrent assets  856667
Total noncurrent assets:1,3521,1311,1211,0901,080995587
TOTAL ASSETS:2,1542,6931,8851,7081,6391,5711,290
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11611097106757861
Accounts payable1617129497
Accrued liabilities69596370424231
Interest and dividends payable15     
Settlement liabilities25     
Other undisclosed accounts payable and accrued liabilities28232227282623
Debt2647601621
Estimated litigation liability   18  
Business combination, contingent consideration, liability871681950 
Other undisclosed current liabilities76728864585338
Total current liabilities:201836207179161242100
Noncurrent Liabilities
Long-term debt and lease obligation997878697603583564377
Long-term debt, excluding current maturities885766623603583564377
Finance lease, liability  1
Operating lease, liability11211273
Liabilities, other than long-term debt1615552919663111
Deferred tax liabilities, net519199
Deferred income tax liabilities33 
Estimated litigation liability      88
Other liabilities19525286784514
Business combination, contingent consideration, liability140      
Other undisclosed noncurrent liabilities  14    
Total noncurrent liabilities:1,158933763694679628488
Total liabilities:1,3591,769970873840870587
Temporary equity, carrying amount 5     
Stockholders' equity
Stockholders' equity attributable to parent795919915835795695695
Common stock0000000
Treasury stock, value(678)(669)(588)(572)(566)(238)(162)
Additional paid in capital1,4351,5501,4301,3981,3641,010989
Accumulated other comprehensive loss(8)(8)(9)(9)(7)(11)(12)
Retained earnings (accumulated deficit)464582175(67)(121)
Stockholders' equity attributable to noncontrolling interest    467
Total stockholders' equity:795919915835799701702
TOTAL LIABILITIES AND EQUITY:2,1542,6931,8851,7081,6391,5711,290

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,1391,0511,1681,1021,030962811
Revenue, net1,030962811
Cost of revenue
(Cost of Goods and Services Sold)
(322)(322)(312)(311)(269)(240)(194)
Gross profit:817729856791761722617
Operating expenses(829)(691)(733)(736)(647)(598)(478)
Operating income (loss):(12)3812354113124139
Nonoperating expense(46)(86)(43)(45)(39)(59)(27)
Other nonoperating income (expense)(25)(17)(6)(8)(2)(0)0
Interest and debt expense(0)(0)(0)(38)(38)(1)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes      29
Income (loss) from continuing operations before equity method investments, income taxes:(58)(48)80(29)3664112
Other undisclosed income from continuing operations before income taxes00038381 
Income (loss) from continuing operations before income taxes:(58)(48)8197465112
Income tax expense (benefit)(6)10(15)47(29)(47)
Net income (loss):(64)(37)6512813565
Net income attributable to noncontrolling interest    221
Net income (loss) available to common stockholders, diluted:(64)(37)6512833766

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(64)(37)6512813565
Other comprehensive income (loss)(0)2(1)(2)41 
Other undisclosed comprehensive loss      (2)
Comprehensive income (loss):(64)(35)6411853763
Comprehensive income, net of tax, attributable to noncontrolling interest    221
Comprehensive income (loss), net of tax, attributable to parent:(64)(35)6411873964

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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