$ZIMV
ZimVie Inc.

2023 Q3 Form 10-Q Financial Statement

#000095017023037176 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $202.9M $224.9M
YoY Change -5.45% -4.12%
Cost Of Revenue $65.20M $74.50M
YoY Change 9.34% -8.11%
Gross Profit $137.6M $150.4M
YoY Change -11.2% -2.02%
Gross Profit Margin 67.83% 66.87%
Selling, General & Admin $117.4M $128.5M
YoY Change -9.27% 1.93%
% of Gross Profit 85.29% 85.43%
Research & Development $11.46M $13.23M
YoY Change -21.0% -13.42%
% of Gross Profit 8.33% 8.8%
Depreciation & Amortization $30.50M $31.96M
YoY Change 0.99% 7.55%
% of Gross Profit 22.17% 21.25%
Operating Expenses $219.1M $246.7M
YoY Change -5.28% -3.66%
Operating Profit -$16.18M -$21.82M
YoY Change -2.96% 1.31%
Interest Expense $9.208M $9.005M
YoY Change 47.52% 84.0%
% of Operating Profit
Other Income/Expense, Net -$65.00K $598.0K
YoY Change -110.57% 458.88%
Pretax Income -$25.45M -$30.23M
YoY Change 14.13% 14.83%
Income Tax -$20.36M -$6.853M
% Of Pretax Income
Net Earnings -$5.089M -$23.37M
YoY Change -712.39% 168.29%
Net Earnings / Revenue -2.51% -10.39%
Basic Earnings Per Share -$0.19 -$0.89
Diluted Earnings Per Share -$0.19 -$0.89
COMMON SHARES
Basic Shares Outstanding 26.53M 26.38M
Diluted Shares Outstanding 26.53M 26.33M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.40M $66.21M
YoY Change -35.0% -49.09%
Cash & Equivalents $75.45M $66.21M
Short-Term Investments
Other Short-Term Assets $54.50M $45.51M
YoY Change 63.89% -10.1%
Inventory $213.7M $227.5M
Prepaid Expenses
Receivables $153.9M $168.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $497.6M $507.4M
YoY Change -8.9% -11.59%
LONG-TERM ASSETS
Property, Plant & Equipment $121.4M $129.7M
YoY Change -19.2% -20.4%
Goodwill $259.1M $261.2M
YoY Change 1.86% 1.01%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $38.27M $37.66M
YoY Change -1.61% -26.38%
Total Long-Term Assets $1.010B $1.053B
YoY Change -6.72% -9.11%
TOTAL ASSETS
Total Short-Term Assets $497.6M $507.4M
Total Long-Term Assets $1.010B $1.053B
Total Assets $1.508B $1.561B
YoY Change -7.45% -9.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.31M $59.42M
YoY Change 24.93% 38.11%
Accrued Expenses $73.00M $64.69M
YoY Change 12.0% 13.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $171.2M $189.7M
YoY Change -21.28% -23.12%
LONG-TERM LIABILITIES
Long-Term Debt $515.5M $522.3M
YoY Change -3.72% -3.05%
Other Long-Term Liabilities $7.762M $10.33M
YoY Change -44.61% -32.32%
Total Long-Term Liabilities $523.3M $532.6M
YoY Change -4.76% -3.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $171.2M $189.7M
Total Long-Term Liabilities $523.3M $532.6M
Total Liabilities $797.7M $832.7M
YoY Change -10.93% -13.98%
SHAREHOLDERS EQUITY
Retained Earnings -$106.0M -$100.9M
YoY Change 516.49% 459.81%
Common Stock $265.0K $265.0K
YoY Change 1.53% 1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $710.2M $727.8M
YoY Change
Total Liabilities & Shareholders Equity $1.508B $1.561B
YoY Change -7.45% -9.93%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$5.089M -$23.37M
YoY Change -712.39% 168.29%
Depreciation, Depletion And Amortization $30.50M $31.96M
YoY Change 0.99% 7.55%
Cash From Operating Activities $22.63M $256.0K
YoY Change 693.76% -99.37%
INVESTING ACTIVITIES
Capital Expenditures $4.570M $1.267M
YoY Change -151.35% -120.54%
Acquisitions
YoY Change
Other Investing Activities -$770.0K $0.00
YoY Change 76900.0% -100.0%
Cash From Investing Activities -$5.340M -$1.267M
YoY Change -40.01% -79.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.010M 1.165M
YoY Change 99.15% -134.03%
NET CHANGE
Cash From Operating Activities 22.63M 256.0K
Cash From Investing Activities -5.340M -1.267M
Cash From Financing Activities -7.010M 1.165M
Net Change In Cash 10.28M 154.0K
YoY Change -207.42% -99.5%
FREE CASH FLOW
Cash From Operating Activities $22.63M $256.0K
Capital Expenditures $4.570M $1.267M
Free Cash Flow $18.06M -$1.011M
YoY Change 53.69% -102.16%

Facts In Submission

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CY2023Q1 us-gaap Stockholders Equity
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StockActivityUnderStockPlans
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5815000
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2023Q2 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 zimv Stock Activity Under Stock Plans
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Stockholders Equity
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us-gaap Profit Loss
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zimv Stock Activity Under Stock Plans
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
727842000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1451377000
us-gaap Profit Loss
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zimv Net Transaction With Zimmer Biomet Holdings Inc
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zimv Net Considerations Paid To Zimmer Biomet Holdingsinc
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zimv Reclassification Of Net Parent Company Investment To Additional Paid In Capital
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zimv Stock Activity Under Stock Plans
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Stockholders Equity
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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zimv Deferred Income Tax Expense Benefit Including Stock Options Exercised
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zimv Deferred Income Tax Expense Benefit Including Stock Options Exercised
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Increase Decrease In Due From Related Parties
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2097000
us-gaap Increase Decrease In Prepaid Expenses Other
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18381000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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45536000
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5450000
us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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zimv Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
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zimv Additions To Property Plant And Equipment
AdditionsToPropertyPlantAndEquipment
6089000
us-gaap Payments To Acquire Other Property Plant And Equipment
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3154000
us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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zimv Payment For Proceeds From Contributions From Parent
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0
zimv Payment For Proceeds From Contributions From Parent
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6920000
us-gaap Payments Of Dividends
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0
us-gaap Payments Of Dividends
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540567000
us-gaap Proceeds From Issuance Of Unsecured Debt
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4760000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
595000000
us-gaap Repayments Of Unsecured Debt
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15279000
us-gaap Repayments Of Unsecured Debt
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37506000
us-gaap Payments Of Debt Issuance Costs
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0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5170000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
419000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0
us-gaap Proceeds From Stock Options Exercised
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1167000
CY2023Q2 us-gaap Goodwill
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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421000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
130052000
us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
17452000
us-gaap Interest Paid Net
InterestPaidNet
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zimv Percentage Of Common Stock Shares Outstanding
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us-gaap Number Of Operating Segments
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CY2023Q2 us-gaap Restricted Cash
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CY2022Q4 us-gaap Restricted Cash
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CY2022Q4 us-gaap Goodwill Gross
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CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1231400000
CY2022Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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1212000
CY2023Q2 us-gaap Goodwill Gross
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CY2023Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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1231400000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
624614000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
34700000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
72400000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
70600000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
68900000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
63600000
CY2023Q2 zimv Finitelivedintangibleassetsamortizationexpenseafteryearfour
Finitelivedintangibleassetsamortizationexpenseafteryearfour
314400000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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zimv Unexercised Stock Option
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zimv Share Based Compensation Arrangement By Share Based Payment Award Award Remaining Weighted Average Vesting Period
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P2Y6M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
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CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5815000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6222000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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CY2023Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4344000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
4650000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
7976000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
15093000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2403635
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
76670
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2326965
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
26.86
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M6D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1602377
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
26.21
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5229
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0194
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
8300000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y8M12D
CY2022Q1 us-gaap Shares Issued
SharesIssued
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26073000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26343000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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26069000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26073000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26343000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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26069000
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EarningsPerShareBasic
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CY2023Q2 us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Earnings Per Share Basic
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CY2022Q2 us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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4000000
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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3700000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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3700000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2400000
CY2023Q2 us-gaap Inventory Finished Goods
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193264000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
200098000
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
21055000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
21199000
CY2023Q2 us-gaap Inventory Raw Materials
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13213000
CY2022Q4 us-gaap Inventory Raw Materials
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12557000
CY2023Q2 us-gaap Inventory Net
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227532000
CY2022Q4 us-gaap Inventory Net
InventoryNet
233854000
CY2023Q2 zimv Expense Benefit Charged To Obsolete Inventories
ExpenseBenefitChargedToObsoleteInventories
1600000
CY2022Q2 zimv Expense Benefit Charged To Obsolete Inventories
ExpenseBenefitChargedToObsoleteInventories
9200000
zimv Expense Benefit Charged To Obsolete Inventories
ExpenseBenefitChargedToObsoleteInventories
600000
zimv Expense Benefit Charged To Obsolete Inventories
ExpenseBenefitChargedToObsoleteInventories
17600000
CY2023Q2 zimv License And Service Agreements
LicenseAndServiceAgreements
19233000
CY2022Q4 zimv License And Service Agreements
LicenseAndServiceAgreements
25337000
CY2023Q2 zimv Salaries Wages And Benefits
SalariesWagesAndBenefits
32172000
CY2022Q4 zimv Salaries Wages And Benefits
SalariesWagesAndBenefits
47812000
CY2023Q2 zimv Lease Liabilities
LeaseLiabilities
9681000
CY2022Q4 zimv Lease Liabilities
LeaseLiabilities
9617000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
64692000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
63013000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
125778000
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
145779000
CY2023Q2 zimv Term Loan
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525938000
CY2022Q4 zimv Term Loan
TermLoan
536456000
CY2023Q2 us-gaap Deferred Finance Costs Net
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3671000
CY2022Q4 us-gaap Deferred Finance Costs Net
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4223000
CY2023Q2 us-gaap Debt Instrument Carrying Amount
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522267000
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
532233000
CY2023Q2 us-gaap Long Term Debt Current
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0
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0
CY2023Q2 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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532233000
us-gaap Debt Instrument Description
DebtInstrumentDescription
As of June 30, 2023, our interest rate was the secured overnight financing rate plus the applicable margin of 1.75% for term benchmark borrowings. Commitments under the Revolver are subject to a commitment fee on the unused portion of the Revolver of 25 basis points.
CY2023Q2 zimv Borrowing For Corporate Insurance Premium Payment
BorrowingForCorporateInsurancePremiumPayment
4800000
CY2023Q2 us-gaap Derivative Notional Amount
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48400000
CY2022Q4 us-gaap Derivative Notional Amount
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69100000
CY2023Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
900000
CY2022Q4 us-gaap Derivative Assets Current
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600000
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
100000
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
300000
CY2023Q2 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
300000
us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
500000
CY2022Q2 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
1400000
us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
1400000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.669
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.051
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.421
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
zimv Deferred Tax Liability Increase In Amount Related To Distribution
DeferredTaxLiabilityIncreaseInAmountRelatedToDistribution
3900000
CY2023Q2 zimv Profit Or Loss From Related Party Transactions
ProfitOrLossFromRelatedPartyTransactions
0
CY2022Q2 zimv Profit Or Loss From Related Party Transactions
ProfitOrLossFromRelatedPartyTransactions
136000
CY2022Q2 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
0
CY2023Q2 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-20663000
CY2022Q2 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-19916000
CY2023Q2 zimv Profit Or Loss From Restructuring
ProfitOrLossFromRestructuring
-8445000
CY2022Q2 zimv Profit Or Loss From Restructuring
ProfitOrLossFromRestructuring
-5055000
CY2023Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1396000
CY2022Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-8723000
CY2023Q2 zimv Operating Income Loss Other
OperatingIncomeLossOther
-22791000
CY2022Q2 zimv Operating Income Loss Other
OperatingIncomeLossOther
-20213000
CY2023Q2 us-gaap Revenues
Revenues
224896000
CY2022Q2 us-gaap Revenues
Revenues
234564000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-21819000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-21536000
zimv Profit Or Loss From Related Party Transactions
ProfitOrLossFromRelatedPartyTransactions
11000
zimv Profit Or Loss From Related Party Transactions
ProfitOrLossFromRelatedPartyTransactions
-12118000
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
616000
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-41172000
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-40821000
zimv Profit Or Loss From Restructuring
ProfitOrLossFromRestructuring
-13420000
zimv Profit Or Loss From Restructuring
ProfitOrLossFromRestructuring
-5797000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-3079000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-17728000
zimv Operating Income Loss Other
OperatingIncomeLossOther
-42861000
zimv Operating Income Loss Other
OperatingIncomeLossOther
-40072000
us-gaap Revenues
Revenues
450323000
us-gaap Revenues
Revenues
470165000
us-gaap Operating Income Loss
OperatingIncomeLoss
-37945000
us-gaap Operating Income Loss
OperatingIncomeLoss
-54159000
CY2023Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
6900000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
9500000
zimv Related Party Cash After Distribution
RelatedPartyCashAfterDistribution
100000000
zimv Restructuring Charges Pre Tax
RestructuringChargesPreTax
1700000
CY2022Q2 zimv Restructuring Charges Pre Tax
RestructuringChargesPreTax
1700000
CY2023Q2 zimv Restructuring Charges Pre Tax
RestructuringChargesPreTax
1400000
zimv Restructuring Charges Pre Tax
RestructuringChargesPreTax
4700000
CY2023 zimv Restructuring Charges Pre Tax
RestructuringChargesPreTax
13700000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000950170-23-037176-index-headers.html Edgar Link pending
0000950170-23-037176-index.html Edgar Link pending
0000950170-23-037176.txt Edgar Link pending
0000950170-23-037176-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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report.css Edgar Link pending
Show.js Edgar Link pending
zimv-20230630.htm Edgar Link pending
zimv-20230630.xsd Edgar Link pending
zimv-20230630_def.xml Edgar Link unprocessable
zimv-20230630_htm.xml Edgar Link completed
zimv-ex21.htm Edgar Link pending
zimv-ex31_1.htm Edgar Link pending
zimv-ex31_2.htm Edgar Link pending
zimv-ex32_1.htm Edgar Link pending
zimv-ex32_2.htm Edgar Link pending
zimv-20230630_pre.xml Edgar Link unprocessable
zimv-20230630_lab.xml Edgar Link unprocessable
zimv-20230630_cal.xml Edgar Link unprocessable