Nevro Corp. (NVRO) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1800 BRIDGE PARKWAY
REDWOOD CITY, CA 94065
State of Incorp.
Fiscal Year End December 31
Industry (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 investments362,027587,970237,802264,547269,312276,357193,670
Cash and cash equivalents34,71044,59765,37351,26642,84541,40687,036
Short-term investments327,317543,373172,429213,281226,467234,951106,634
Receivables70,47577,66782,83380,65667,28752,81822,522
Inventory, net of allowances, customer advances and progress billings93,51783,29691,57992,03598,11985,22162,430
Inventory93,51783,29691,57992,03598,11985,22162,430
Other undisclosed current assets5,1854,1739,8386,6216,4635,8954,009
Total current assets:531,204753,106422,052443,859441,181420,291282,631
Noncurrent Assets
Operating lease, right-of-use asset17,57718,14221,533
Property, plant and equipment20,66413,53111,76612,8018,8197,1325,794
Restricted cash and investments606606956606806806906
Other noncurrent assets4,4934,04313,3385,8503,2502,3541,852
Total noncurrent assets:43,34036,32247,59319,25712,87510,2928,552
TOTAL ASSETS:574,544789,428469,645463,116454,056430,583291,183
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities77,51666,41467,01462,29557,88242,19036,268
Accounts payable31,99923,10916,04823,50518,49216,16221,887
Accrued liabilities45,51743,30550,96638,79039,39026,02814,381
Debt 168,776     
Other liabilities4,6873,9753,5971191228121
Total current liabilities:82,203239,16570,61162,41458,00442,19836,389
Noncurrent Liabilities
Long-term debt and lease obligation166,712158,460180,745152,394145,019 19,740
Long-term debt, excluding current maturities151,310141,771160,300152,394145,019 19,740
Operating lease, liability15,40216,68920,445
Liabilities, other than long-term debt22,0133,3431,9372,8251,8611,211462
Other liabilities22,0133,3431,9372,8251,8611,211462
Other undisclosed noncurrent liabilities     138,140 
Total noncurrent liabilities:188,725161,803182,682155,219146,880139,35120,202
Total liabilities:270,928400,968253,293217,633204,884181,54956,591
Stockholders' equity
Stockholders' equity attributable to parent303,616388,460216,352245,483249,172249,034234,592
Common stock35353230302928
Additional paid in capital928,138880,660626,401552,612508,228470,869424,147
Accumulated other comprehensive income (loss)(364)598(313)(1,077)(1,242)(678)(175)
Accumulated deficit(624,193)(492,833)(409,768)(306,082)(257,844)(221,186)(189,408)
Total stockholders' equity:303,616388,460216,352245,483249,172249,034234,592
TOTAL LIABILITIES AND EQUITY:574,544789,428469,645463,116454,056430,583291,183

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
Revenues386,905362,048390,255387,289326,674228,50469,606
Cost of revenue(120,863)(112,146)(121,905)(113,965)(98,981)(75,433)(28,120)
Cost of goods and services sold(120,863)(112,146)(121,905)(113,965)(3,984)(4,056)(2,767)
Gross profit:266,042249,902268,350273,324227,693153,07141,486
Operating expenses(376,976)(312,754)(364,829)(315,067)(257,272)(176,152)(103,853)
Operating loss:(110,934)(62,852)(96,479)(41,743)(29,579)(23,081)(62,367)
Nonoperating income (expense)(143)2,4615,3233,7074,231588(1,166)
Investment income, nonoperating6712,9566,0204,8713,1641,685575
Other nonoperating income (expense)(814)(495)(697)(1,164)1,067(1,097)(1,741)
Interest and debt expense(19,749)(21,806)(10,931)(10,401)(9,902)(7,662)(2,732)
Loss from continuing operations before income taxes:(130,826)(82,197)(102,087)(48,437)(35,250)(30,155)(66,265)
Income tax expense(534)(868)(1,599)(768)(1,408)(1,623)(1,166)
Net loss available to common stockholders, diluted:(131,360)(83,065)(103,686)(49,205)(36,658)(31,778)(67,431)

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 loss:(131,360)(83,065)(103,686)(49,205)(36,658)(31,778)(67,431)
Comprehensive loss:(131,360)(83,065)(103,686)(49,205)(36,658)(31,778)(67,431)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(962)911764165(564)(503)(252)
Comprehensive loss, net of tax, attributable to parent:(132,322)(82,154)(102,922)(49,040)(37,222)(32,281)(67,683)

Statements Sources

The financial statements are based on the Company's filings with 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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