Teleflex Incorporated (TFX) financial statements (2021 and earlier)
Company profile
Business Address |
550 E SWEDESFORD RD WAYNE, PA 19087 |
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 millions)
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 investments | 301 | 357 | 334 | 544 | 338 | 303 | 432 | ||
Cash and cash equivalents | 301 | 357 | 334 | 544 | 338 | 303 | 432 | ||
Receivables | 419 | 366 | 346 | 272 | 262 | 274 | 295 | ||
Inventory, net of allowances, customer advances and progress billings | 477 | 428 | 396 | 316 | 330 | 336 | 334 | ||
Inventory | 477 | 428 | 396 | 316 | 330 | 336 | 334 | ||
Prepaid expense | 12 | 12 | 6 | 8 | 31 | 40 | 37 | ||
Disposal group, including discontinued operation | 3 | 7 | |||||||
Assets held-for-sale, not part of disposal group | 7 | ✕ | ✕ | ||||||
Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | 7 | 10 | ||
Other undisclosed current assets | 98 | 72 | 48 | 40 | 31 | 93 | 93 | ||
Total current assets: | 1,306 | 1,236 | 1,129 | 1,183 | 1,006 | 1,053 | 1,201 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 113 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 431 | 433 | 383 | 303 | 316 | 317 | 326 | ||
Long-term investments and receivables | (7) | (7) | (6) | (5) | 19 | ||||
Long-term investments | 0 | 1 | 2 | ||||||
Accounts and financing receivable, after allowance for credit loss | (7) | (7) | (6) | (6) | 18 | ||||
Intangible assets, net (including goodwill) | 4,402 | 4,572 | 4,619 | 2,368 | 2,496 | 2,540 | 2,610 | ||
Goodwill | 2,245 | 2,247 | 2,236 | 1,277 | 1,296 | 1,324 | 1,354 | ||
Intangible assets, net (excluding goodwill) | 2,156 | 2,325 | 2,384 | 1,092 | 1,200 | 1,217 | 1,256 | ||
Deferred income tax assets | 6 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other noncurrent assets | 52 | 35 | 47 | 35 | 58 | 64 | 70 | ||
Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | 7 | 10 | ||
Other undisclosed noncurrent assets | 2 | 11 | 8 | 8 | 0 | (27) | |||
Total noncurrent assets: | 5,003 | 5,042 | 5,053 | 2,708 | 2,872 | 2,924 | 3,008 | ||
TOTAL ASSETS: | 6,310 | 6,278 | 6,181 | 3,891 | 3,879 | 3,977 | 4,209 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 332 | 321 | 314 | 236 | 231 | 236 | 244 | ||
Accounts payable | 103 | 107 | 92 | 69 | 66 | 64 | 72 | ||
Accrued liabilities | 100 | 98 | 97 | 65 | 64 | 72 | 75 | ||
Employee-related liabilities | 116 | 105 | 107 | 83 | 85 | 85 | 73 | ||
Taxes payable | 7 | 6 | 12 | 8 | 8 | 14 | 24 | ||
Interest and dividends payable | 6 | 6 | 6 | 10 | 7 | ||||
Debt | 50 | 87 | 87 | 183 | 368 | (352) | |||
Business combination, contingent consideration, liability | 148 | 137 | 74 | 1 | 7 | ✕ | |||
Other liabilities | 33 | 38 | 9 | 8 | 9 | 10 | 22 | ||
Other undisclosed current liabilities | 420 | 20 | 721 | ||||||
Total current liabilities: | 563 | 582 | 484 | 428 | 667 | 635 | 635 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,960 | 2,072 | 2,163 | 850 | 646 | 700 | 930 | ||
Long-term debt, excluding current maturities | 1,859 | 2,072 | 2,163 | 850 | 646 | 700 | 930 | ||
Operating lease, liability | 101 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 807 | 475 | 1,104 | 474 | 555 | 729 | 728 | ||
Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 167 | 109 | ||
Deferred tax liabilities, net | ✕ | 604 | 271 | 316 | 452 | 515 | |||
Deferred income tax liabilities | 440 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liability for uncertainty in income taxes | 10 | 11 | 12 | 18 | 40 | 51 | 55 | ||
Liability, pension and other postretirement and postemployment benefits | 83 | 93 | 121 | 133 | 149 | ✕ | |||
Other liabilities | 203 | 204 | 169 | 52 | 49 | 59 | 49 | ||
Business combination, contingent consideration, liability | 72 | 167 | 198 | ✕ | |||||
Other undisclosed noncurrent liabilities | 608 | ||||||||
Total noncurrent liabilities: | 2,767 | 3,156 | 3,267 | 1,324 | 1,201 | 1,429 | 1,658 | ||
Total liabilities: | 3,331 | 3,738 | 3,751 | 1,752 | 1,867 | 2,064 | 2,293 | ||
Temporary equity, carrying amount | 2 | ||||||||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | 2,979 | 2,540 | 2,431 | 2,138 | 2,009 | 1,911 | 1,914 | ||
Common stock | 48 | 47 | 47 | 46 | 44 | 43 | 43 | ||
Treasury stock, value | (166) | (169) | (229) | (171) | (119) | (121) | (125) | ||
Additional paid in capital | 617 | 575 | 592 | 507 | 440 | 422 | 409 | ||
Accumulated other comprehensive loss | (344) | (341) | (265) | (439) | (371) | (261) | (111) | ||
Retained earnings | 2,825 | 2,428 | 2,286 | 2,195 | 2,016 | 1,828 | 1,696 | ||
Stockholders' equity attributable to noncontrolling interest | 2 | 2 | 2 | ||||||
Total stockholders' equity: | 2,979 | 2,540 | 2,431 | 2,138 | 2,011 | 1,914 | 1,916 | ||
TOTAL LIABILITIES AND EQUITY: | 6,310 | 6,278 | 6,181 | 3,891 | 3,879 | 3,977 | 4,209 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 2,595 | 2,448 | 2,146 | 1,868 | 1,810 | 1,840 | 1,696 | |
Revenue, net | ✕ | ✕ | 2,146 | 1,868 | 1,810 | 1,840 | 1,696 | |
Cost of revenue (Cost of Goods and Services Sold) | (1,104) | (1,064) | (975) | (872) | (865) | (897) | (857) | |
Gross profit: | 1,492 | 1,384 | 1,172 | 996 | 944 | 942 | 839 | |
Operating expenses | (1,064) | (1,063) | (800) | (622) | (629) | (767) | (632) | |
Other undisclosed operating income (loss) | (55) | 0 | 109 | 26 | ||||
Operating income: | 427 | 322 | 372 | 319 | 316 | 285 | 233 | |
Nonoperating income (Investment Income, Nonoperating) | 2 | 1 | 1 | 0 | 1 | 1 | 1 | |
Interest and debt expense | (89) | (103) | (88) | (74) | (72) | (65) | (58) | |
Income from continuing operations before income taxes: | 340 | 220 | 285 | 246 | 245 | 220 | 176 | |
Income tax expense (benefit) | 122 | (23) | (130) | (8) | (8) | (29) | (24) | |
Income from continuing operations: | 462 | 196 | 155 | 238 | 237 | 191 | 152 | |
Income (loss) from discontinued operations | (1) | 4 | (3) | 0 | 9 | (3) | (0) | |
Net income: | 461 | 201 | 153 | 238 | 246 | 189 | 152 | |
Other undisclosed net loss attributable to parent | (0) | (1) | (1) | (1) | ||||
Net income available to common stockholders, basic: | 461 | 201 | 153 | 237 | 245 | 188 | 151 | |
Interest on convertible debt | 16 | 16 | 16 | |||||
Net income available to common stockholders, diluted: | 461 | 201 | 153 | 237 | 260 | 203 | 166 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 461 | 201 | 153 | 238 | 246 | 189 | 152 | |
Other comprehensive income (loss) | (3) | (76) | 174 | (67) | (110) | (150) | 21 | |
Comprehensive income: | 458 | 125 | 326 | 171 | 135 | 39 | 173 | |
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (1) | 1 | 1 | ||||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | (1) | ||||||
Comprehensive income, net of tax, attributable to parent: | 458 | 125 | 326 | 171 | 135 | 38 | 172 |
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.