Orthofix Medical Inc. (OFIX) financial statements (2021 and earlier)

Company profile

Business Address 3451 PLANO PARKWAY
LEWISVILLE, TX 75056
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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:96707081406471
Cash and cash equivalents96707081406437
Other undisclosed cash, cash equivalents, and short-term investments      34
Restricted cash and investments113 14 34
Receivables72877863586061
Inventory, net of allowances, customer advances and progress billings85827781635860
Inventory85827781635860
Other undisclosed current assets17211826193130
Total current assets:270261245252194212256
Noncurrent Assets
Finance lease, right-of-use asset 20
Operating lease, right-of-use asset 6
Property, plant and equipment64634345495249
Intangible assets, net (including goodwill)14512512464615961
Goodwill84717254545454
Intangible assets, net (excluding goodwill)61545210757
Deferred income tax assets25 
Other noncurrent assets2212222120199
Other undisclosed noncurrent assets 93323475719
Total noncurrent assets:255235222154178188137
TOTAL ASSETS:526496467405372400393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23201818141653
Accounts payable23201818141613
Accrued liabilities      23
Employee-related liabilities      17
Debt10     
Other liabilities80656861696653
Other undisclosed current liabilities      (40)
Total current liabilities:104858679838266
Noncurrent Liabilities
Long-term debt and lease obligation2221     
Finance lease, liability2221
Liabilities, other than long-term debt43624529252827
Deferred tax liabilities, net    0
Other liabilities43624529252827
Total noncurrent liabilities:65834529252827
Total liabilities:16916813110910911094
Stockholders' equity
Stockholders' equity attributable to parent357328335297263290300
Common stock2222222
Additional paid in capital292271243221204232233
Accumulated other comprehensive income (loss)3(3)34(7)(6)(0)
Retained earnings59588770646365
Total stockholders' equity:357328335297263290300
TOTAL LIABILITIES AND EQUITY:526496467405372400393

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues407460453434410396402
Revenue, net434410396402
Cost of revenue
(Cost of Goods and Services Sold)
(102)(101)(97)(93)(88)(87)(99)
Gross profit:305359356341322310303
Operating expenses(311)(378)(326)(300)(301)(301)(286)
Other undisclosed operating income0      
Operating income (loss):(6)(19)304121917
Nonoperating income (expense)8(8)(6)(10)(6)(1)(5)
Investment income, nonoperating   (6)(3)  
Other nonoperating income (expense)8(8)(6)(4)(3)(0)(3)
Interest and debt expense(1)(1)   (1)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2)1(1)5312
Income (loss) from continuing operations before income taxes:(0)(27)233619912
Income tax expense (benefit)3(1)(9)(29)(16)(11)(16)
Income (loss) from continuing operations:3(28)1473(2)(4)
Income (loss) from discontinued operations   (1)(0)(0)2
Net income (loss):3(28)1463(3)(1)
Other undisclosed net loss attributable to parent      (7)
Net income (loss) available to common stockholders, diluted:3(28)1463(3)(9)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):3(28)1463(3)(1)
Comprehensive income (loss):3(28)1463(3)(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(7)(0)10(0)(6)(11)
Comprehensive income (loss), net of tax, attributable to parent:9(36)13173(9)(12)

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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