2024 Q4 Form 10-Q Financial Statement

#000109980024000086 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $1.354B
YoY Change -8.54%
Cost Of Revenue $262.9M
YoY Change -24.97%
Gross Profit $1.092B
YoY Change -3.45%
Gross Profit Margin 80.59%
Selling, General & Admin $421.4M
YoY Change -4.14%
% of Gross Profit 38.61%
Research & Development $253.4M
YoY Change -6.25%
% of Gross Profit 23.22%
Depreciation & Amortization $34.50M
YoY Change -6.5%
% of Gross Profit 3.16%
Operating Expenses $667.2M
YoY Change -6.01%
Operating Profit $424.3M
YoY Change 1.41%
Interest Expense $24.30M
YoY Change 60.93%
% of Operating Profit 5.73%
Other Income/Expense, Net $27.90M
YoY Change 381.03%
Pretax Income $402.8M
YoY Change -8.31%
Income Tax $40.70M
% Of Pretax Income 10.1%
Net Earnings $3.071B
YoY Change 697.82%
Net Earnings / Revenue 226.73%
Basic Earnings Per Share $5.14
Diluted Earnings Per Share $5.13
COMMON SHARES
Basic Shares Outstanding 589.8M shares 602.4M shares
Diluted Shares Outstanding 598.1M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.446B
YoY Change 138.54%
Cash & Equivalents $3.676B
Short-Term Investments $769.7M
Other Short-Term Assets $231.0M
YoY Change -2.04%
Inventory $1.104B
Prepaid Expenses $114.9M
Receivables $716.0M
Other Receivables $95.50M
Total Short-Term Assets $6.728B
YoY Change 65.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.676B
YoY Change -0.33%
Goodwill $1.605B
YoY Change 23.73%
Intangibles $956.1M
YoY Change 122.45%
Long-Term Investments $32.30M
YoY Change 41.05%
Other Assets $683.5M
YoY Change 52.77%
Total Long-Term Assets $6.244B
YoY Change 17.73%
TOTAL ASSETS
Total Short-Term Assets $6.728B
Total Long-Term Assets $6.244B
Total Assets $12.97B
YoY Change 38.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $172.8M
YoY Change -9.34%
Accrued Expenses $859.5M
YoY Change 11.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.944B
YoY Change 56.92%
LONG-TERM LIABILITIES
Long-Term Debt $597.5M
YoY Change 0.12%
Other Long-Term Liabilities $322.6M
YoY Change 34.25%
Total Long-Term Liabilities $920.1M
YoY Change 9.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.944B
Total Long-Term Liabilities $920.1M
Total Liabilities $3.360B
YoY Change 27.09%
SHAREHOLDERS EQUITY
Retained Earnings $12.78B
YoY Change 48.23%
Common Stock $3.106B
YoY Change 8.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.546B
YoY Change
Total Liabilities & Shareholders Equity $12.97B
YoY Change 38.42%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $3.071B
YoY Change 697.82%
Depreciation, Depletion And Amortization $34.50M
YoY Change -6.5%
Cash From Operating Activities $351.8M
YoY Change -14.51%
INVESTING ACTIVITIES
Capital Expenditures $57.30M
YoY Change 3.62%
Acquisitions
YoY Change
Other Investing Activities $2.759B
YoY Change 1811.99%
Cash From Investing Activities $2.702B
YoY Change 2935.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -976.7M
YoY Change 581.58%
NET CHANGE
Cash From Operating Activities 351.8M
Cash From Investing Activities 2.702B
Cash From Financing Activities -976.7M
Net Change In Cash 2.077B
YoY Change 481.41%
FREE CASH FLOW
Cash From Operating Activities $351.8M
Capital Expenditures $57.30M
Free Cash Flow $294.5M
YoY Change -17.32%

Facts In Submission

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dei Entity Registrant Name
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EDWARDS LIFESCIENCES CORPORATION
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dei Entity Tax Identification Number
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dei Entity Address City Or Town
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dei Security12b Title
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The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates.
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
4.53
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
4.55
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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IncomeLossFromContinuingOperationsPerDilutedShare
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CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.75
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.46
CY2024Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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4.52
CY2023Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
4.54
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.23
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.13
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.29
us-gaap Earnings Per Share Diluted
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1.69
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EffectiveIncomeTaxRateContinuingOperations
0.101
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.136
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.092
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.118
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CY2023Q3 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
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CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
656500000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2024Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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326100000 usd
CY2023Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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CY2024Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2020Q4 ew Number Of Advance Pricing Agreements Renewed
NumberOfAdvancePricingAgreementsRenewed
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CY2021 ew Income Tax Assessment Estimate Of Additional Tax Expense
IncomeTaxAssessmentEstimateOfAdditionalTaxExpense
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CY2023Q4 us-gaap Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
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CY2022Q4 ew Income Tax Examination Amount Deposited To Mitigate Interest On Tax Liabilities
IncomeTaxExaminationAmountDepositedToMitigateInterestOnTaxLiabilities
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CY2024Q1 ew Income Tax Examination Amount Deposited To Mitigate Interest On Tax Liabilities
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2023Q3 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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CY2024Q3 us-gaap Operating Income Loss
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CY2023Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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