Orthofix Medical Inc. (OFIX) financial statements (2022 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 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 investments87,84796,29169,71969,62381,15739,57263,663
Cash and cash equivalents87,84796,29169,71969,62381,15739,57263,663
Restricted cash and investments 5306842,566 14,369 
Receivables78,56072,42386,80577,74763,43757,84859,839
Inventory, net of allowances, customer advances and progress billings82,97484,63582,39776,84781,33063,34657,563
Inventory82,97484,63582,39776,84781,33063,34657,563
Other undisclosed current assets20,14116,50020,94817,85625,87719,23831,187
Total current assets:269,522270,379260,553244,639251,801194,373212,252
Noncurrent Assets
Finance lease, right-of-use asset  20,207
Operating lease, right-of-use asset  5,798
Property, plant and equipment59,25263,61362,72742,83545,13948,91652,306
Intangible assets, net (including goodwill)123,983144,535125,316124,29864,02661,02658,867
Goodwill71,31784,01871,17772,40153,56553,56553,565
Intangible assets, net (excluding goodwill)52,66660,51754,13951,89710,4617,4615,302
Deferred income tax assets1,77125,042 
Other noncurrent assets22,09522,29211,90721,64121,07320,46319,491
Other undisclosed noncurrent assets  9,11233,22823,31547,32557,306
Total noncurrent assets:207,101255,482235,067222,002153,553177,730187,970
TOTAL ASSETS:476,623525,861495,620466,641405,354372,103400,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,45923,11819,88617,98918,11114,35316,391
Accounts payable26,45923,11819,88617,98918,11114,35316,391
Debt2,590510323    
Other liabilities76,78180,27164,67467,91961,29569,08865,597
Total current liabilities:105,830103,89984,88385,90879,40683,44181,988
Noncurrent Liabilities
Long-term debt and lease obligation19,89022,33820,648    
Finance lease, liability19,89022,33820,648
Liabilities, other than long-term debt13,96942,76062,45845,33629,34025,18527,923
Other liabilities13,96942,76062,45845,33629,34025,18527,923
Total noncurrent liabilities:33,85965,09883,10645,33629,34025,18527,923
Total liabilities:139,689168,997167,989131,244108,746108,626109,911
Stockholders' equity
Stockholders' equity attributable to parent336,934356,864327,631335,397296,608263,477290,311
Common stock1,9831,9421,9021,8581,8281,7831,866
Additional paid in capital313,951292,291271,019243,165220,591204,095232,126
Accumulated other comprehensive income (loss) 3,252(3,039)3,2963,787(6,580)(6,232)
Retained earnings21,00059,37957,74987,07870,40264,17962,551
Total stockholders' equity:336,934356,864327,631335,397296,608263,477290,311
TOTAL LIABILITIES AND EQUITY:476,623525,861495,620466,641405,354372,103400,222

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
Revenues464,479406,562459,955453,042433,823409,788396,489
Revenue, net433,823409,788396,489
Cost of revenue
(Cost of Goods and Services Sold)
(114,914)(101,889)(100,607)(96,628)(93,037)(87,853)(86,525)
Gross profit:349,565304,673359,348356,414340,786321,935309,964
Operating expenses(340,292)(311,438)(378,132)(326,320)(299,975)(300,868)(300,709)
Other undisclosed operating income (loss)(17,588)499     
Operating income (loss):(8,315)(6,266)(18,784)30,09440,81121,0679,255
Nonoperating income (expense)(3,343)8,381(8,143)(6,381)(9,589)(5,533)(748)
Investment income, nonoperating    (5,585)(2,727) 
Other nonoperating income (expense)(3,343)8,381(8,143)(6,381)(4,004)(2,806)(259)
Interest and debt expense(933)(940)(919)   (596)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1,543)797(828)5,1693,490596
Income (loss) from continuing operations before equity method investments, income taxes:(12,591)(368)(27,049)22,88536,39119,0248,507
Other undisclosed loss from continuing operations before income taxes(904)      
Income (loss) from continuing operations before income taxes:(13,495)(368)(27,049)22,88536,39119,0248,507
Income tax expense (benefit)(24,884)2,885(1,413)(9,074)(29,100)(15,527)(10,849)
Income (loss) from continuing operations:(38,379)2,517(28,462)13,8117,2913,497(2,342)
Loss from discontinued operations    (1,068)(441)(467)
Net income (loss) available to common stockholders, diluted:(38,379)2,517(28,462)13,8116,2233,056(2,809)

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 income (loss):(38,379)2,517(28,462)13,8116,2233,056(2,809)
Comprehensive income (loss):(38,379)2,517(28,462)13,8116,2233,056(2,809)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,252)6,291(7,272)(491)10,367(348)(5,850)
Comprehensive income (loss), net of tax, attributable to parent:(41,631)8,808(35,734)13,32016,5902,708(8,659)

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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