2023 Q3 Form 10-Q Financial Statement

#000163969123000076 Filed on July 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $286.1M $293.9M
YoY Change 13.26% 15.63%
Cost Of Revenue $84.31M $88.69M
YoY Change 3.21% 27.05%
Gross Profit $201.8M $205.2M
YoY Change 18.07% 11.31%
Gross Profit Margin 70.53% 69.82%
Selling, General & Admin $134.8M $125.9M
YoY Change 17.59% 8.06%
% of Gross Profit 66.79% 61.34%
Research & Development $46.54M $51.12M
YoY Change 30.28% 49.36%
% of Gross Profit 23.06% 24.91%
Depreciation & Amortization $13.00M $12.48M
YoY Change 12.55% 4.65%
% of Gross Profit 6.44% 6.08%
Operating Expenses $181.3M $187.8M
YoY Change 20.6% 24.62%
Operating Profit $4.458M $17.38M
YoY Change -103.38% -45.28%
Interest Expense $14.99M $509.0K
YoY Change 18.36% -96.46%
% of Operating Profit 336.16% 2.93%
Other Income/Expense, Net $172.0K -$12.61M
YoY Change -137.47% 5477.43%
Pretax Income -$1.978M $5.280M
YoY Change -98.14% -72.21%
Income Tax $5.308M $4.097M
% Of Pretax Income 77.59%
Net Earnings -$7.318M $1.155M
YoY Change -93.18% -92.98%
Net Earnings / Revenue -2.56% 0.39%
Basic Earnings Per Share -$0.14 $0.02
Diluted Earnings Per Share -$0.14 $0.02
COMMON SHARES
Basic Shares Outstanding 53.88M shares 53.77M shares
Diluted Shares Outstanding 53.99M shares 53.98M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $233.9M $222.9M
YoY Change 1.21% 104.49%
Cash & Equivalents $233.9M $222.9M
Short-Term Investments
Other Short-Term Assets $368.5M $376.6M
YoY Change 13.05% 2.74%
Inventory $161.5M $156.4M
Prepaid Expenses
Receivables $189.9M $185.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $953.9M $941.8M
YoY Change 12.06% 22.01%
LONG-TERM ASSETS
Property, Plant & Equipment $149.3M $183.7M
YoY Change 7.29% 28.21%
Goodwill $767.1M $779.2M
YoY Change 3.33% -13.23%
Intangibles $347.7M $357.4M
YoY Change -4.75% -8.21%
Long-Term Investments $22.70M $21.73M
YoY Change 62.83% 55.57%
Other Assets $12.12M $57.63M
YoY Change -26.77% 236.14%
Total Long-Term Assets $1.376B $1.400B
YoY Change 1.02% -10.52%
TOTAL ASSETS
Total Short-Term Assets $953.9M $941.8M
Total Long-Term Assets $1.376B $1.400B
Total Assets $2.329B $2.342B
YoY Change 5.27% 0.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.78M $78.21M
YoY Change -9.82% 5.2%
Accrued Expenses $89.68M $127.1M
YoY Change 13.51% 51.34%
Deferred Revenue $10.97M $11.04M
YoY Change 9.11% 21.38%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.42M $19.07M
YoY Change -1.78% 495.13%
Total Short-Term Liabilities $295.4M $288.2M
YoY Change 2.56% 9.2%
LONG-TERM LIABILITIES
Long-Term Debt $568.2M $568.0M
YoY Change 9.63% 23.52%
Other Long-Term Liabilities $46.26M $235.9M
YoY Change 9.14% 399.89%
Total Long-Term Liabilities $614.4M $803.9M
YoY Change 9.59% 58.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $295.4M $288.2M
Total Long-Term Liabilities $614.4M $803.9M
Total Liabilities $1.104B $1.101B
YoY Change 3.57% 4.43%
SHAREHOLDERS EQUITY
Retained Earnings -$982.8M -$975.5M
YoY Change -0.29% 11.06%
Common Stock $2.263B $2.252B
YoY Change 1.66% 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $56.00K $95.00K
YoY Change -85.26% -76.07%
Treasury Stock Shares
Shareholders Equity $1.225B $1.241B
YoY Change
Total Liabilities & Shareholders Equity $2.329B $2.342B
YoY Change 5.27% 0.23%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$7.318M $1.155M
YoY Change -93.18% -92.98%
Depreciation, Depletion And Amortization $13.00M $12.48M
YoY Change 12.55% 4.65%
Cash From Operating Activities $18.20M -$17.94M
YoY Change -48.93% 75.11%
INVESTING ACTIVITIES
Capital Expenditures $8.800M $5.659M
YoY Change -245.67% -192.36%
Acquisitions
YoY Change
Other Investing Activities -$1.300M -$996.0K
YoY Change -719.05% -90.06%
Cash From Investing Activities -$10.10M -$6.655M
YoY Change 73.21% -58.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.300M 36.01M
YoY Change -105.87% -669.84%
NET CHANGE
Cash From Operating Activities 18.20M -17.94M
Cash From Investing Activities -10.10M -6.655M
Cash From Financing Activities -4.300M 36.01M
Net Change In Cash 3.800M 11.42M
YoY Change -96.31% -134.92%
FREE CASH FLOW
Cash From Operating Activities $18.20M -$17.94M
Capital Expenditures $8.800M $5.659M
Free Cash Flow $9.400M -$23.60M
YoY Change -77.45% 473.28%

Facts In Submission

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CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2023Q2 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Inventory Net
InventoryNet
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CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
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CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
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CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
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ContractWithCustomerLiabilityCurrent
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CY2023Q2 livn Interest Payable Current Net
InterestPayableCurrentNet
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CY2022Q4 livn Interest Payable Current Net
InterestPayableCurrentNet
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CY2023Q2 livn Medical Device Payback Current
MedicalDevicePaybackCurrent
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MedicalDevicePaybackCurrent
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CY2022Q4 us-gaap Accrued Liabilities Current
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CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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ContractWithCustomerLiability
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ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Investment Income Net
InvestmentIncomeNet
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us-gaap Investment Income Net
InvestmentIncomeNet
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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ForeignCurrencyTransactionGainLossAndOtherNonoperatingIncome
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livn Foreign Currency Transaction Gain Loss And Other Nonoperating Income
ForeignCurrencyTransactionGainLossAndOtherNonoperatingIncome
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
534360000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
515618000 usd
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
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CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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