SeaSpine Holdings Corporation (SPNE) Financial Statements (2024 and earlier)

Company Profile

Business Address 5770 ARMADA DRIVE
CARLSBAD, CA 92008
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
MRQ
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 83,10676,81320,19954,03310,78814,566
Cash and cash equivalents 83,10676,81320,19924,23310,78814,566
Short-term investments    29,800  
Receivables 36,23126,15424,90220,33521,87220,982
Inventory, net of allowances, customer advances and progress billings 72,29954,04147,15542,74241,72145,299
Inventory 72,29954,04147,15542,74241,72145,299
Other undisclosed current assets 4,3283,8843,9062,9482,0371,813
Total current assets: 195,964160,89296,162120,05876,41882,660
Noncurrent Assets
Operating lease, right-of-use asset 6,9487,658 
Property, plant and equipment 46,89231,42225,75122,62322,06321,863
Intangible assets, net (including goodwill) 126,65113,88319,17328,71235,20741,785
Goodwill 84,595     
Intangible assets, net (excluding goodwill) 42,05613,88319,17328,71235,20741,785
Other noncurrent assets 812546632949786857
Total noncurrent assets: 181,30353,50945,55652,28458,05664,505
TOTAL ASSETS: 377,267214,401141,718172,342134,474147,165
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 39,32519,21820,77120,96617,15716,720
Employee-related liabilities8,7698,1987,8797,9005,8334,393
Accounts payable 20,3015,0067,4489,2147,3858,537
Accrued liabilities 10,2556,0145,4443,8523,9393,790
Deferred revenue 1,545  
Debt  3,261   445
Business combination, contingent consideration, liability  491,8641292072,855
Other undisclosed current liabilities 12,1118,1997,8435,4515,7934,398
Total current liabilities: 52,98130,72730,47826,54623,15724,418
Noncurrent Liabilities
Long-term debt and lease obligation 5,86611,861   3,835
Long-term debt, excluding current maturities  5,059   3,835
Liabilities, other than long-term debt 6,056951,4803,7115,6647,935
Deferred income tax liabilities 4,308  
Other liabilities 1,748951,2501,3441,4362,810
Operating lease, liability 5,8666,802 
Business combination, contingent consideration, liability   2302,3674,2285,125
Total noncurrent liabilities: 11,92211,9561,4803,7115,66411,770
Total liabilities: 64,90342,68331,95830,25728,82136,188
Equity
Equity, attributable to parent, including: 312,364171,718109,760142,085105,653110,977
Additional paid in capital 584,031388,574284,211277,096206,844180,753
Accumulated other comprehensive income 1,5702,1241,4341,6021,9501,272
Accumulated deficit (273,603)(219,257)(176,076)(136,800)(103,276)(71,161)
Other undisclosed equity, attributable to parent 366277191187135113
Total equity: 312,364171,718109,760142,085105,653110,977
TOTAL LIABILITIES AND EQUITY: 377,267214,401141,718172,342134,474147,165

Income Statement (P&L) ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 191,451154,345159,083143,443131,814128,860
Revenue, net143,443131,814128,860
Cost of revenue
(Cost of Goods and Services Sold)
 (76,864)(56,841)(57,979)(55,969)(51,826)(55,544)
Gross profit: 114,58797,504101,10487,47479,98873,316
Operating expenses (172,249)(137,761)(132,164)(117,445)(109,483)(112,507)
Other undisclosed operating loss (3,316)(3,169)(8,162)(3,168)(3,168)(4,309)
Operating loss: (60,978)(43,426)(39,222)(33,139)(32,663)(43,500)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 5,532463302(256)430(264)
Interest and debt expense   (76)(113)(139)(139)
Other undisclosed income from continuing operations before equity method investments, income taxes   76113139139
Loss from continuing operations before income taxes: (55,446)(42,963)(38,920)(33,395)(32,233)(43,764)
Income tax expense (benefit) 1,100(218)(356)(129)118552
Loss from continuing operations: (54,346)(43,181)(39,276)(33,524)(32,115)(43,212)
Loss before gain (loss) on sale of properties:(54,346)(43,181)(39,276)(33,524)(32,115)(43,212)
Net loss available to common stockholders, diluted: (54,346)(43,181)(39,276)(33,524)(32,115)(43,212)

Comprehensive Income ($ in thousands)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (54,346)(43,181)(39,276)(33,524)(32,115)(43,212)
Comprehensive loss: (54,346)(43,181)(39,276)(33,524)(32,115)(43,212)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (554)690(168)(348)678(119)
Comprehensive loss, net of tax, attributable to parent: (54,900)(42,491)(39,444)(33,872)(31,437)(43,331)

Statements Sources

The financial statements are based on the Company's filings with 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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