Vericel Corporation (VCEL) financial statements (2021 and earlier)

Company profile

Business Address 64 SIDNEY ST.
CAMBRIDGE, MA 02139
State of Incorp. MI
Fiscal Year End December 31
SIC 2836 - Biological Products, Except Diagnostic Substances (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 investments76708327231530
Cash and cash equivalents34271827231530
Short-term investments424365    
Receivables2928231817118
Inventory, net of allowances, customer advances and progress billings9744312
Inventory9744312
Other current assets4332101
Other undisclosed current assets54     
Total current assets:12411211351452741
Noncurrent Assets
Finance lease, right-of-use asset00
Operating lease, right-of-use asset5025
Property, plant and equipment  64443
Long-term investments and receivables249     
Long-term investments249     
Intangible assets, net (including goodwill)     33
Intangible assets, net (excluding goodwill)     33
Restricted cash and investments00     
Other undisclosed noncurrent assets87     
Total noncurrent assets:824264476
TOTAL ASSETS:20615311955493448
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18141411111112
Accounts payable7676786
Accrued liabilities11876545
Employee-related liabilities      1
Debt05     
Deferred rent credit  1
Asset retirement obligation      0
Deferred revenue and credits0   
Other liabilities0000000
Other undisclosed current liabilities4  121(1)
Total current liabilities:22201513131212
Noncurrent Liabilities
Long-term debt and lease obligation4922  0  
Long-term debt, excluding current maturities    0  
Operating lease, liability4922
Liabilities, other than long-term debt00     
Other liabilities00     
Other undisclosed noncurrent liabilities  22200
Total noncurrent liabilities:492222200
Other undisclosed liabilities   179  
Total liabilities:71421632241212
Stockholders' equity
Stockholders' equity attributable to parent, including:13411110223252236
Common stock510490471383330308305
Treasury stock, value     (3) 
Accumulated other comprehensive income (loss)00(0)00 (0)
Accumulated deficit(376)(379)(369)(361)(344)  
Warrants and rights outstanding  0 111
Other undisclosed stockholders' equity attributable to parent    38(283)(270)
Total stockholders' equity:13411110223252236
TOTAL LIABILITIES AND EQUITY:20615311955493448

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
Revenues1241189164545129
Revenue, net64545129
Cost of revenue
(Cost of Goods and Services Sold)
(40)(38)(32)(30)(28)(26)(17)
Gross profit:84805934262512
Operating expenses(82)(92)(63)(49)(45)(41)(35)
Operating income (loss):2(11)(4)(15)(19)(17)(24)
Nonoperating income (expense)12(4)(2)(0)04
Investment income, nonoperating1210003
Foreign currency transaction gain (loss), before tax    (0)(0)0
Other nonoperating income (expense)(0)(0)(2)(0)(0)0(0)
Interest and debt expense(0)(0)(1)(1)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)011000
Income (loss) from continuing operations before equity method investments, income taxes:3(10)(8)(17)(20)(16)(20)
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:3(10)(8)(17)(20)(16)(20)
Income tax expense (benefit)(0)    5 
Net income (loss):3(10)(8)(17)(20)(11)(20)
Other undisclosed net loss attributable to parent     (5) 
Net income (loss) attributable to parent:3(10)(8)(17)(20)(16)(20)
Preferred stock dividends and other adjustments    (8)(7)(6)
Net income (loss) available to common stockholders, diluted:3(10)(8)(17)(27)(23)(26)

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 (loss):3(10)(8)(17)(20)(11)(20)
Comprehensive income (loss):3(10)(8)(17)(20)(11)(20)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)  (5)(0)
Comprehensive income (loss), net of tax, attributable to parent:3(10)(8)(17)(20)(16)(20)

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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