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)

12/31/2019
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 investments, including:70708140647154
Cash and cash equivalents70708140643730
Other undisclosed cash, cash equivalents, and short-term investments     3424
Restricted cash and investments13 14 3424
Receivables87786358606176
Inventory, net of allowances, customer advances and progress billings82778163586091
Inventory82778163586091
Other undisclosed current assets21182619313036
Total current assets:261245252194212256280
Noncurrent Assets
Finance lease, right-of-use asset20
Operating lease, right-of-use asset6
Property, plant and equipment63434549524955
Intangible assets, net (including goodwill)1251246461596163
Goodwill71725454545454
Intangible assets, net (excluding goodwill)5452107579
Other noncurrent assets122221201997
Other undisclosed noncurrent assets9332347571918
Total noncurrent assets:235222154178188137143
TOTAL ASSETS:496467405372400393423
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20181814165333
Accounts payable201818141613 
Accrued liabilities     2316
Employee-related liabilities     1717
Debt0      
Other liabilities65686169665346
Other undisclosed current liabilities     (40)(12)
Total current liabilities:85867983826667
Noncurrent Liabilities
Long-term debt and lease obligation21     20
Long-term debt, excluding current maturities      20
Finance lease, liability21
Liabilities, other than long-term debt62452925282726
Deferred tax liabilities, net    013
Other liabilities62452925282713
Total noncurrent liabilities:83452925282746
Total liabilities:16813110910911094113
Stockholders' equity
Stockholders' equity attributable to parent328335297263290300310
Common stock2222222
Additional paid in capital271243221204232233217
Accumulated other comprehensive income (loss)(3)34(7)(6)(0)3
Retained earnings58877064636589
Total stockholders' equity:328335297263290300310
TOTAL LIABILITIES AND EQUITY:496467405372400393423

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
Revenues460453434410396402401
Revenue, net434410396402401
Cost of revenue
(Cost of Goods and Services Sold)
(101)(97)(93)(88)(87)(99)(102)
Gross profit:359356341322310303298
Operating expenses(378)(326)(300)(301)(301)(286)(303)
Operating income (loss):(19)304121917(5)
Nonoperating income (expense)(8)(6)(10)(6)(1)(5)0
Investment income, nonoperating  (6)(3)   
Other nonoperating income (expense)(8)(6)(4)(3)(0)(3)2
Interest and debt expense(1)   (1)(2)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1(1)53122
Income (loss) from continuing operations before income taxes:(27)233619912(5)
Income tax expense(1)(9)(29)(16)(11)(16)(10)
Income (loss) from continuing operations:(28)1473(2)(4)(15)
Income (loss) from discontinued operations  (1)(0)(0)25
Net income (loss):(28)1463(3)(1)(10)
Other undisclosed net loss attributable to parent     (7)(16)
Net income (loss) available to common stockholders, diluted:(28)1463(3)(9)(26)

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 (loss):(28)1463(3)(1)(10)
Comprehensive income (loss):(28)1463(3)(1)(10)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)(0)10(0)(6)(11)(18)
Comprehensive income (loss), net of tax, attributable to parent:(36)13173(9)(12)(28)

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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