SeaSpine Holdings Corporation (SPNE) financial statements (2022 and earlier)

Company profile

Business Address 5770 ARMADA DRIVE
CARLSBAD, CA 92008
State of Incorp. DE
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 investments83,10676,81320,19954,03310,78814,56633,429
Cash and cash equivalents83,10676,81320,19924,23310,78814,56633,429
Short-term investments   29,800   
Receivables36,23126,15424,90220,33521,87220,98226,626
Inventory, net of allowances, customer advances and progress billings72,29954,04147,15542,74241,72145,29951,271
Inventory72,29954,04147,15542,74241,72145,29951,271
Other undisclosed current assets4,3283,8843,9062,9482,0371,8132,396
Total current assets:195,964160,89296,162120,05876,41882,660113,722
Noncurrent Assets
Operating lease, right-of-use asset6,9487,658 
Property, plant and equipment46,89231,42225,75122,62322,06321,86321,958
Intangible assets, net (including goodwill)126,65113,88319,17328,71235,20741,78539,632
Goodwill84,595      
Intangible assets, net (excluding goodwill)42,05613,88319,17328,71235,20741,78539,632
Other noncurrent assets8125466329497868571,077
Total noncurrent assets:181,30353,50945,55652,28458,05664,50562,667
TOTAL ASSETS:377,267214,401141,718172,342134,474147,165176,389
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39,32519,21820,77120,96617,15716,72021,808
Accounts payable20,3015,0067,4489,2147,3858,53713,689
Accrued liabilities10,2556,0145,4443,8523,9393,7903,942
Employee-related liabilities8,7698,1987,8797,9005,8334,3934,177
Deferred revenue1,545  
Debt 3,261   445 
Business combination, contingent consideration, liability 491,8641292072,855 
Other undisclosed current liabilities12,1118,1997,8435,4515,7934,3984,227
Total current liabilities:52,98130,72730,47826,54623,15724,41826,035
Noncurrent Liabilities
Long-term debt and lease obligation5,86611,861   3,835328
Long-term debt, excluding current maturities 5,059   3,835328
Operating lease, liability5,8666,802 
Liabilities, other than long-term debt6,056951,4803,7115,6647,9352,687
Deferred income tax liabilities4,308  
Other liabilities1,748951,2501,3441,4362,8102,687
Business combination, contingent consideration, liability  2302,3674,2285,125 
Total noncurrent liabilities:11,92211,9561,4803,7115,66411,7703,015
Total liabilities:64,90342,68331,95830,25728,82136,18829,050
Stockholders' equity
Stockholders' equity attributable to parent, including:312,364171,718109,760142,085105,653110,977147,339
Additional paid in capital584,031388,574284,211277,096206,844180,753173,786
Accumulated other comprehensive income1,5702,1241,4341,6021,9501,2721,391
Accumulated deficit(273,603)(219,257)(176,076)(136,800)(103,276)(71,161)(27,949)
Other undisclosed stockholders' equity attributable to parent366277191187135113111
Total stockholders' equity:312,364171,718109,760142,085105,653110,977147,339
TOTAL LIABILITIES AND EQUITY:377,267214,401141,718172,342134,474147,165176,389

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
Revenues191,451154,345159,083143,443131,814128,860133,178
Revenue, net143,443131,814128,860133,178
Cost of revenue
(Cost of Goods and Services Sold)
(76,864)(56,841)(57,979)(55,969)(51,826)(55,544)(61,119)
Gross profit:114,58797,504101,10487,47479,98873,31672,059
Operating expenses(172,249)(137,761)(132,164)(117,445)(109,483)(112,507)(124,235)
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)(52,176)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5,532463302(256)430(264)(877)
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)(53,053)
Income tax expense (benefit)1,100(218)(356)(129)118552(2,479)
Net loss available to common stockholders, diluted:(54,346)(43,181)(39,276)(33,524)(32,115)(43,212)(55,532)

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 loss:(54,346)(43,181)(39,276)(33,524)(32,115)(43,212)(55,532)
Other comprehensive income      498
Comprehensive loss:(54,346)(43,181)(39,276)(33,524)(32,115)(43,212)(55,034)
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)(55,034)

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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