Quidel Corporation (QDEL) financial statements (2023 and earlier)

Company profile

Business Address 9975 SUMMERS RIDGE ROAD
SAN DIEGO, CA 92121
State of Incorp. DE
Fiscal Year End December 31
SIC 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 490534436170
Cash and cash equivalents 490534436170
Receivables 39483616725
Inventory, net of allowances, customer advances and progress billings 11458676726
Inventory 11458676726
Prepaid expense 735  
Assets held-for-sale, not part of disposal group    147 
Other current assets 221  
Other undisclosed current assets 1352416145
Total current assets: 1,142222193331225
Noncurrent Assets
Operating lease, right-of-use asset 10192✕✕✕
Property, plant and equipment 11080746251
Intangible assets, net (including goodwill), including: 45948551220428
Goodwill 33733733733784
Intangible assets, net (excluding goodwill) 12214817520428
Other undisclosed intangible assets, net (including goodwill)    (337)(84)
Regulated entity, other noncurrent assets    7 
Deferred income tax assets 45 ✕✕✕
Other noncurrent assets 147521
Deferred tax assets, net✕✕✕22  
Other undisclosed noncurrent assets  25 33084
Total noncurrent assets: 729689613604163
TOTAL ASSETS: 1,871911806935388
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 24945444326
Accounts payable 8627252716
Employee-related liabilities 3517191610
Taxes payable 1281   
Debt 02054  
Deferred rent credit   1✕✕
Business combination, contingent consideration, liability 66463
Other liabilities 321513135
Other undisclosed current liabilities 504044660
Total current liabilities: 33712616012834
Noncurrent Liabilities
Long-term debt and lease obligation 10598 227148
Long-term debt, excluding current maturities    227144
Finance lease, liability 44✕✕✕
Capital lease obligations✕✕✕  4
Operating lease, liability 10193✕✕✕
Liabilities, other than long-term debt 272327276
Deferred revenue and credits✕✕✕✕22
Accounts payable and accrued liabilities     1
Deferred rent credit   3✕✕
Deferred tax liabilities, net✕✕✕ 00
Other liabilities 21121070
Business combination, contingent consideration, liability 61115182
Total noncurrent liabilities: 13212027254154
Total liabilities: 469246187383188
Stockholders' equity
Stockholders' equity attributable to parent 1,333560426227201
Common stock 00000
Additional paid in capital 388426364239205
Accumulated other comprehensive loss (0)(0)(0) (0)
Retained earnings (accumulated deficit) 94513562(12)(4)
Total stockholders' equity: 1,333560426227201
Other undisclosed liabilities and equity 70105194325 
TOTAL LIABILITIES AND EQUITY: 1,871911806935388

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,662535522278192
Revenue, net✕✕✕✕284198
Cost of revenue (313)(214)(207)(125)(82)
Cost of goods and services sold (313)(214)(207)(125)(73)
Other undisclosed gross profit    4 
Gross profit: 1,349321316156109
Operating expenses (312)(249)(237)(161)(114)
Other undisclosed operating income 23211815 
Operating income (loss): 1,060939610(4)
Nonoperating expense
(Other Nonoperating expense)		 (20)(16)(33)  
Interest and debt expense (1)(0)(1)(0)0
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 101(17)(12)
Income (loss) from continuing operations before income taxes: 1,0407763(8)(16)
Income tax expense (benefit) (230)(4)11(0)2
Net income (loss) available to common stockholders, basic: 8107374(8)(14)
Dilutive securities, effect on basic earnings per share 025  
Net income (loss) available to common stockholders, diluted: 8117579(8)(14)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 8107374(8)(14)
Comprehensive income (loss): 8107374(8)(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 0(0)(0)0(0)
Comprehensive income (loss), net of tax, attributable to parent: 8107374(8)(14)

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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