STAAR Surgical Company (STAA) financial statements (2022 and earlier)

Company profile

Business Address 1911 WALKER AVE
MONROVIA, CA 91016
State of Incorp. DE
Fiscal Year End December 31
SIC 3851 - Ophthalmic Goods (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 investments199,706152,453119,968103,87718,52013,99913,402
Cash and cash equivalents199,706152,453119,968103,87718,52013,99913,402
Receivables45,77737,29031,84826,79618,94417,73517,016
Inventory, net of allowances, customer advances and progress billings17,27418,11117,14216,70413,31014,82515,921
Inventory17,27418,11117,14216,70413,31014,82515,921
Prepaid expense4,0473,7913,0311,7071,4351,0031,386
Deferred costs      182
Deferred tax assets  39169
Other current assets1,179692315305197484747
Other undisclosed current assets3,4284,0812,3622,1831,4841,471350
Total current assets:271,411216,418174,666151,57253,89049,90849,073
Noncurrent Assets
Finance lease, right-of-use asset5065961,867
Operating lease, right-of-use asset31,3108,7646,684
Property, plant and equipment35,91224,03017,06511,4519,77611,79010,095
Intangible assets, net (including goodwill)2,0042,0562,0822,0292,0572,2592,452
Goodwill1,7861,7861,7861,7861,7861,7861,786
Intangible assets, net (excluding goodwill)218270296243271473666
Deferred income tax assets3,8134,944 
Other noncurrent assets8226087511,009967772617
Deferred tax assets, net   (1,171)
Other undisclosed noncurrent assets  3,7501,2781,2427141,888
Total noncurrent assets:74,36740,99832,19915,76714,04215,53513,881
TOTAL ASSETS:345,778257,416206,865167,33967,93265,44362,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,6997,8748,0506,5246,0338,3116,691
Accounts payable8,6997,8748,0506,5246,0338,3116,691
Debt1271,7395,0874,878501,2785,4814,521
Deferred tax liabilities   370
Other liabilities31,87724,60617,69713,4317,3397,2756,305
Other undisclosed current liabilities8,0997,0173,6442,895(495,562)  
Total current liabilities:48,80241,23634,47827,72819,08821,06717,887
Noncurrent Liabilities
Long-term debt and lease obligation28,6516,5754,4524595311,339204
Finance lease, liability38238366
Capital lease obligations4595311,339204
Operating lease, liability28,2696,5374,086
Liabilities, other than long-term debt9,76712,3838,0515,7045,0274,4186,017
Deferred revenue and credits1725987
Deferred rent credit   188
Asset retirement obligations198221211206202195156
Deferred tax liabilities, net  1671,888
Deferred income tax liabilities811222 
Liability, pension and other postretirement and postemployment benefits8,75811,9407,8405,3104,6533,9973,886
Other undisclosed noncurrent liabilities   1,022350714 
Total noncurrent liabilities:38,41818,95812,5037,1855,9086,4716,221
Total liabilities:87,22060,19446,98134,91324,99627,53824,108
Stockholders' equity
Stockholders' equity attributable to parent258,558197,222159,884132,42642,93637,90538,846
Common stock477464448442414407399
Additional paid in capital373,519338,194304,288289,584204,920197,657187,007
Accumulated other comprehensive loss(4,048)(5,545)(3,048)(1,320)(1,150)(1,050)(1,580)
Accumulated deficit(111,390)(135,891)(141,804)(156,280)(161,248)(159,109)(146,980)
Total stockholders' equity:258,558197,222159,884132,42642,93637,90538,846
TOTAL LIABILITIES AND EQUITY:345,778257,416206,865167,33967,93265,44362,954

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
Revenues230,472163,460150,185123,95490,61182,43277,123
Revenue, net90,61182,43277,123
Cost of revenue
(Cost of Goods and Services Sold)
(51,835)(45,098)(38,231)(32,444)(26,331)(24,063)(24,400)
Gross profit:178,637118,362111,95491,51064,28058,36952,723
Operating expenses(145,298)(111,593)(100,102)(84,915)(67,911)(71,024)(58,060)
Operating income (loss):33,3396,76911,8526,595(3,631)(12,655)(5,337)
Nonoperating income (expense)(2,035)1,4981,174441,335211(268)
Investment income, nonoperating1,015440551633581621790
Foreign currency transaction gain (loss), before tax(2,964)864(517)(836)819(147)(949)
Other nonoperating income (expense)(48)(44)1528247(148)19
Interest and debt expense(6)(30)(72) (112)(115)(128)
Other undisclosed income from continuing operations before equity method investments, income taxes    112115128
Income (loss) from continuing operations before equity method investments, income taxes:31,2988,23712,9546,639(2,296)(12,444)(5,605)
Other undisclosed income from continuing operations before income taxes63072    
Income (loss) from continuing operations before income taxes:31,3048,26713,0266,639(2,296)(12,444)(5,605)
Income tax expense (benefit)(6,803)(2,354)1,022(1,671)157315(928)
Net income (loss) available to common stockholders, diluted:24,5015,91314,0484,968(2,139)(12,129)(6,533)

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):24,5015,91314,0484,968(2,139)(12,129)(6,533)
Other comprehensive income (loss)1,497(2,497)(1,728)(170)(100)530(510)
Comprehensive income (loss), net of tax, attributable to parent:25,9983,41612,3204,798(2,239)(11,599)(7,043)

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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