Quidel Corporation (QDEL) financial statements (2020 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

12/31/2019
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 investments5344361701912018
Cash and cash equivalents5344361701912018
Restricted cash and investments    03 
Receivables83616725183430
Inventory, net of allowances, customer advances and progress billings58676726262528
Inventory58676726262528
Prepaid expense35     
Assets held-for-sale, not part of disposal group  147  ✕✕
Other current assets21     
Other undisclosed current assets241614541213
Total current assets:22219333122524127579
Noncurrent Assets
Operating lease, right-of-use asset92✕✕✕✕✕✕
Property, plant and equipment80746251534948
Long-term investments and receivables     3 
Unbilled change orders, amount expected to be collected after one year✕✕   3✕
Intangible assets, net (including goodwill), including:48551220428113123143
Goodwill33733733784818181
Intangible assets, net (excluding goodwill)14817520428324262
Other undisclosed intangible assets, net (including goodwill)  (337)(84)  ✕
Regulated entity, other noncurrent assets  7    
Other noncurrent assets7521152
Deferred tax assets, net✕22     
Other undisclosed noncurrent assets25 33084 (3) 
Total noncurrent assets:689613604163166176193
TOTAL ASSETS:911806935388407452271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45444326182214
Accounts payable272527169127
Accrued liabilities     1 
Employee-related liabilities171916101087
Taxes payable1     0
Debt2054     
Deferred rent credit 1✕✕✕✕✕
Business combination, contingent consideration, liability646311✕
Deferred revenue and credits✕✕  462
Other liabilities1513135788
Other undisclosed current liabilities40446601(0)(0)
Total current liabilities:12616012834313624
Noncurrent Liabilities
Long-term debt and lease obligation98 2271481471475
Long-term debt, excluding current maturities  227144143142 
Finance lease, liability4✕✕✕✕✕✕
Capital lease obligations✕  4455
Operating lease, liability93✕✕✕✕✕✕
Liabilities, other than long-term debt2327276102513
Deferred revenue and credits✕✕22242
Accounts payable and accrued liabilities   111 
Accrued income taxes✕✕✕✕✕✕2
Deferred rent credit 3✕✕✕✕✕
Deferred tax liabilities, net✕ 002156
Other liabilities121070003
Business combination, contingent consideration, liability111518245✕
Total noncurrent liabilities:1202725415415717218
Total liabilities:24618738318818820842
Stockholders' equity
Stockholders' equity attributable to parent560426227201219245224
Common stock0000000
Additional paid in capital426364239205209229201
Accumulated other comprehensive income (loss)(0)(0) (0)(0)(0)0
Retained earnings (accumulated deficit)13562(12)(4)101623
Total stockholders' equity:560426227201219245224
Other undisclosed liabilities and equity105194325  (2)6
TOTAL LIABILITIES AND EQUITY:911806935388407452271

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues535522278192196183175
Revenue, net✕✕284198201189178
Cost of revenue(214)(207)(125)(82)(81)(76)(69)
Cost of goods and services sold(214)(207)(125)(73)(72)(76)(69)
Other undisclosed gross profit  4    
Gross profit:321316156109116106106
Operating expenses(249)(237)(161)(114)(113)(119)(104)
Other undisclosed operating income211815  42
Operating income (loss):939610(4)3(9)4
Nonoperating expense(16)(33)    (1)
Other nonoperating income (expense)(16)(33)    0
Interest and debt expense(0)(1)(0)0(11) (1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes01(17)(12)(1)(2)1
Income (loss) from continuing operations before income taxes:7763(8)(16)(9)(11)3
Income tax expense (benefit)(4)11(0)2344
Net income (loss) attributable to parent:7374(8)(14)(6)(7)7
Other undisclosed net loss available to common stockholders, basic      (0)
Net income (loss) available to common stockholders, basic:7374(8)(14)(6)(7)7
Dilutive securities, effect on basic earnings per share25     
Other undisclosed net income available to common stockholders, diluted      0
Net income (loss) available to common stockholders, diluted:7579(8)(14)(6)(7)7

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):7374(8)(14)(6)(7)7
Comprehensive income (loss):7374(8)(14)(6)(7)7
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)0(0)(0)(0)0
Comprehensive income (loss), net of tax, attributable to parent:7374(8)(14)(6)(7)7

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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