Tandem Diabetes Care, Inc. (TNDM) Financial Statements (2024 and earlier)

Company Profile

Business Address 12400 HIGH BLUFF DRIVE
SAN DIEGO, CA 92130
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:616,901623,811484,936176,500129,00014,179
Cash and cash equivalents172,51771,18194,61351,17541,82613,700
Short-term investments444,384552,630390,323125,28387,201479
Other undisclosed cash, cash equivalents, and short-term investments    42(27) 
Receivables114,717110,72582,19546,58535,19320,793
Inventory, net of allowances, customer advances and progress billings111,11768,55163,72149,07319,89626,993
Inventory111,11768,55163,72149,07319,89626,993
Other undisclosed current assets7,2418,4336,3833,9833,7962,191
Total current assets:849,976811,520637,235276,141187,88564,156
Noncurrent Assets
Operating lease, right-of-use asset110,62627,50319,773 
Property, plant and equipment68,55250,38650,02232,92317,15119,631
Restricted cash and investments      10,000
Other noncurrent assets23,63115,7289,3851,485128102
Other undisclosed noncurrent assets    15,5611,1301,457
Total noncurrent assets:202,80993,61779,18049,96918,40931,190
TOTAL ASSETS:1,052,785905,137716,415326,110206,29495,346
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities65,32589,00756,74754,07934,78422,470
Employee-related liabilities51,55634,15928,32024,03014,488
Accounts payable55,73028,03217,80517,7456,8245,150
Accrued liabilities9,5959,4194,7838,0143,9302,832
Deferred revenue18,83710,1826,082 
Deferred revenue and credits2,526
Contract with customer, liability3,869 
Other liabilities29,32523,24117,34111,6198,9785,657
Other undisclosed current liabilities51,8039,42623,68229,82922,5265,432
Total current liabilities:165,290131,856103,85299,39666,28836,085
Noncurrent Liabilities
Long-term debt and lease obligation283,232305,389218,898   
Long-term debt, excluding current maturities283,232281,467202,984   
Liabilities, other than long-term debt164,31634,78027,36017,6728,73111,868
Deferred revenue and credits4,687
Deferred revenue16,874   
Deferred rent credit     3,799
Other liabilities23,91834,78027,36017,6724,9327,181
Operating lease, liability123,52423,92215,914 
Other undisclosed noncurrent liabilities    14,063 76,541
Total noncurrent liabilities:447,548340,169246,25831,7358,73188,409
Total liabilities:612,838472,025350,110131,13175,019124,494
Equity
Equity, attributable to parent439,947433,112366,305194,979131,275(29,148)
Common stock656462595710
Additional paid in capital1,170,8881,068,2591,025,233819,626731,306448,455
Accumulated other comprehensive income (loss)(1,817)(616)220122(13) 
Accumulated deficit(729,189)(634,595)(659,210)(624,828)(600,075)(477,613)
Total equity:439,947433,112366,305194,979131,275(29,148)
TOTAL LIABILITIES AND EQUITY:1,052,785905,137716,415326,110206,29495,346

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues801,217702,799498,830362,305183,866107,601
Revenue, net107,601
Cost of revenue
(Cost of Goods and Services Sold)
(388,231)(326,584)(238,310)(168,093)(94,044)(63,507)
Gross profit:412,986376,215260,520194,21289,82244,094
Operating expenses(505,834)(353,562)(268,477)(210,934)(134,453)(107,038)
Operating income (loss):(92,848)22,653(7,957)(16,722)(44,631)(62,944)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(4)(6,752)(28,325)(7,882)(77,929)(10,081)
Interest and debt expense(6,208)(6,040)(12,805)(78)(5,313)(11,341)
Income (loss) from continuing operations before equity method investments, income taxes:(99,060)9,861(49,087)(24,682)(127,873)(84,366)
Other undisclosed income from continuing operations before income taxes6,2086,04012,805785,31311,341
Income (loss) from continuing operations before income taxes:(92,852)15,901(36,282)(24,604)(122,560)(73,025)
Income tax expense (benefit)(1,742)(335)1,900(149)(51)(8)
Income (loss) from continuing operations:(94,594)15,566(34,382)(24,753)(122,611)(73,033)
Income (loss) before gain (loss) on sale of properties:15,566(34,382)(24,753)(122,611)(73,033)
Net income (loss) available to common stockholders, basic:(94,594)15,566(34,382)(24,753)(122,611)(73,033)
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(94,594)15,566(34,382)(24,753)(122,611)(73,033)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(94,594)15,566(34,382)(24,753)(122,611)(73,033)
Comprehensive income (loss):(94,594)15,566(34,382)(24,753)(122,611)(73,033)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,201)(836)98135(13)1
Comprehensive income (loss), net of tax, attributable to parent:(95,795)14,730(34,284)(24,618)(122,624)(73,032)

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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