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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments376301357334544338303
Cash and cash equivalents376301357334544338303
Receivables395419366346272262274
Inventory, net of allowances, customer advances and progress billings513477428396316330336
Inventory513477428396316330336
Prepaid expense231212683140
Disposal group, including discontinued operation    37 
Assets held-for-sale, not part of disposal group     7
Assets held-for-sale7
Other undisclosed current assets115987248403193
Total current assets:1,4221,3061,2361,1291,1831,0061,053
Noncurrent Assets
Operating lease, right-of-use asset101113
Property, plant and equipment474431433383303316317
Long-term investments and receivables   (7)(7)(6)(5)
Long-term investments     01
Accounts and financing receivable, after allowance for credit loss   (7)(7)(6)(6)
Intangible assets, net (including goodwill)5,1064,4024,5724,6192,3682,4962,540
Goodwill2,5862,2452,2472,2361,2771,2961,324
Intangible assets, net (excluding goodwill)2,5202,1562,3252,3841,0921,2001,217
Deferred income tax assets86
Other noncurrent assets42523547355864
Assets held-for-sale, long lived7
Other undisclosed noncurrent assets  211880
Total noncurrent assets:5,7305,0035,0425,0532,7082,8722,924
TOTAL ASSETS:7,1536,3106,2786,1813,8913,8793,977
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities386332321314236231236
Accounts payable10310310792696664
Accrued liabilities1361009897656472
Employee-related liabilities122116105107838585
Taxes payable1776128814
Interest and dividends payable7666107 
Debt101508787183 368
Business combination, contingent consideration, liability211481377417 
Other liabilities33333898910
Other undisclosed current liabilities     42020
Total current liabilities:540563582484428667635
Noncurrent Liabilities
Long-term debt and lease obligation2,4641,9602,0722,163850646700
Long-term debt, excluding current maturities2,3781,8592,0722,163850646700
Operating lease, liability86101
Liabilities, other than long-term debt8128074751,104474555729
Pension and other postretirement defined benefit plans, liabilities167
Deferred tax liabilities, net 604271316452
Deferred income tax liabilities485440
Liability for uncertainty in income taxes10101112184051
Liability, pension and other postretirement and postemployment benefits748393121133149 
Other liabilities227203204169524959
Business combination, contingent consideration, liability1672167198   
Other undisclosed noncurrent liabilities  608    
Total noncurrent liabilities:3,2762,7673,1563,2671,3241,2011,429
Total liabilities:3,8163,3313,7383,7511,7521,8672,064
Temporary equity, carrying amount    2  
Stockholders' equity
Stockholders' equity attributable to parent3,3362,9792,5402,4312,1382,0091,911
Common stock48484747464443
Treasury stock, value(163)(166)(169)(229)(171)(119)(121)
Additional paid in capital652617575592507440422
Accumulated other comprehensive loss(297)(344)(341)(265)(439)(371)(261)
Retained earnings3,0962,8252,4282,2862,1952,0161,828
Stockholders' equity attributable to noncontrolling interest     22
Total stockholders' equity:3,3362,9792,5402,4312,1382,0111,914
TOTAL LIABILITIES AND EQUITY:7,1536,3106,2786,1813,8913,8793,977

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,5372,5952,4482,1461,8681,8101,840
Revenue, net2,1461,8681,8101,840
Cost of revenue
(Cost of Goods and Services Sold)
(1,212)(1,104)(1,064)(975)(872)(865)(897)
Gross profit:1,3251,4921,3841,172996944942
Operating expenses(902)(1,064)(1,063)(800)(622)(629)(767)
Other undisclosed operating income (loss)    (55)0109
Operating income:423427322372319316285
Nonoperating income
(Investment Income, Nonoperating)
1211011
Interest and debt expense(66)(89)(103)(88)(74)(72)(65)
Income from continuing operations before income taxes:358340220285246245220
Income tax expense (benefit)(22)122(23)(130)(8)(8)(29)
Income from continuing operations:336462196155238237191
Income (loss) from discontinued operations(0)(1)4(3)09(3)
Net income:335461201153238246189
Other undisclosed net loss attributable to parent    (0)(1)(1)
Net income available to common stockholders, basic:335461201153237245188
Interest on convertible debt     1616
Net income available to common stockholders, diluted:335461201153237260203

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:335461201153238246189
Other comprehensive income (loss)47(3)(76)174(67)(110)(150)
Comprehensive income:38245812532617113539
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (0)(1)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (2)
Comprehensive income, net of tax, attributable to parent:38245812532617113538

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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