← MERIT MEDICAL SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $20.1m |
$27.5m
+36.79%
|
$42.0m
+52.66%
|
$5.5m
-87.03%
|
($9.8m)
-280.57%
|
$48.5m
+592.27%
|
$74.5m
+53.79%
|
$94.4m
+26.70%
|
$120.4m
+27.48%
|
$128.5m
+6.76%
|
— | |
| Depreciation, Depletion and Amortization | $43.8m | $53.6m | $69.5m | $92.1m | $94.1m | $84.1m | $81.8m | $90.0m | $102.7m | $123.2m | $135.9m | |
| Depreciation | $24.5m | $26.8m | $28.3m | $31.4m | $35.4m | $34.5m | $33.4m | $34.0m | $37.2m | $38.2m | $135.9m | |
| Amortization of Debt Issuance Costs | $952k | $685k | $804k | $721k | $604k | $604k | $604k | $1.7m | $6.8m | $5.7m | — | |
| Amortization of Intangible Assets | $19.3m | $26.8m | $41.2m | $60.7m | $58.6m | $49.6m | $48.4m | $56.1m | $65.6m | $85.1m | — | |
| Deferred Income Tax Expense (Benefit) | ($962k) | ($1.3m) | $2.1m | ($12.4m) | ($11.3m) | ($4.6m) | ($14.9m) | ($12.6m) | ($14.9m) | $5.2m | $5.2m | |
| Share-based Payment Arrangement, Noncash Expense | $2.5m | $4.1m | $6.1m | $9.4m | $14.3m | $16.1m | $18.0m | $21.3m | $28.5m | $43.5m | $45.4m | |
| Share-based Payment Arrangement, Expense | $2.5m | $4.1m | $6.1m | $9.4m | $14.3m | $16.1m | $18.0m | $21.3m | $28.5m | $43.5m | $45.4m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Goodwill and Intangible Asset Impairment | $0 | $809k | $657k | $25.6m | $36.6m | $4.4m | $2.3m | $506k | $456k | $313k | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | $497k | |
| Impairment of Intangible Assets, Finite-lived | $101k | $988k | $814k | $3.3m | $28.7m | $1.6m | $1.7m | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | $1.5m | $1.4m | $0 | $0 | — | — | — | |
| Nonoperating Income (Expense) | ($9.5m) | $2.8m | ($9.1m) | ($13.2m) | ($11.7m) | ($7.0m) | ($4.9m) | ($11.9m) | ($5.7m) | ($13.8m) | — | |
| Other Nonoperating Income (Expense) | ($773k) | ($872k) | $63k | ($537k) | ($2.3m) | ($2.5m) | $966k | $1.2m | ($711k) | ($2.4m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $6.8m | $12.8m | $27.5m | $17.9m | ($10.4m) | $8.6m | $15.1m | $11.9m | $13.7m | $7.3m | ($16.4m) | |
| Increase (Decrease) in Inventories | $3.7m | $17.8m | $28.2m | $27.0m | ($29.4m) | $25.2m | $47.9m | $32.1m | $2.3m | $21.6m | ($53.5m) | |
| Net Cash Provided by (Used in) Operating Activities | $53.6m |
$62.7m
+17.03%
|
$86.5m
+37.95%
|
$77.8m
-10.08%
|
$165.3m
+112.39%
|
$147.2m
-10.91%
|
$114.3m
-22.37%
|
$145.2m
+27.00%
|
$220.8m
+52.12%
|
$297.4m
+34.68%
|
$283.4m
-4.68%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $32.8m | $38.6m | $63.3m | $78.2m | $46.0m | $27.9m | $45.0m | $34.3m | $35.1m | $81.7m | ($83.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $19k | ($427k) | ($625k) | ($115k) | ($2.2m) | ($1.3m) | ($380k) | ($5.8m) | ($1.5m) | ($2.3m) | ($9.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $125.2m | $105.6m | $301.8m | $53.9m | $11.0m | $7.2m | $8.3m | $138.3m | $320.2m | $144.8m | ($115.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($159.1m) | ($146.8m) | ($378.8m) | ($134.5m) | ($58.7m) | ($37.2m) | ($57.4m) | ($175.3m) | ($368.7m) | ($247.4m) | ($176.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $102.1m | $243.2m | $522.6m | $202.2m | $157.0m | $206.9m | $260.1m | — | — | — | ($75.0m) | |
| Proceeds from Issuance of Long-term Debt | $219.5m | $197.2m | $639.1m | $246.7m | $68.6m | $98.4m | $215.2m | $1.2b | — | — | $0 | |
| Proceeds from Issuance of Common Stock | $5.3m | $143.8m | $215.0m | $6.3m | $6.6m | $21.3m | $20.1m | $15.6m | $40.9m | $28.2m | $12.8m | |
| Proceeds from (Payments for) Other Financing Activities | ($218k) | ($61k) | ($231k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $121.1m |
$96.5m
-20.30%
|
$328.3m
+240.13%
|
$33.5m
-89.79%
|
($95.7m)
-385.41%
|
($98.4m)
-2.85%
|
($60.3m)
+38.78%
|
$559.3m
+1028.09%
|
($60.0m)
-110.73%
|
$16.0m
+126.66%
|
($644k)
-104.03%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($23.0m) | $12.6m | $10.8m | ($7.2m) | $528.6m | ($210.4m) | $69.8m | $449.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($159.1m) | ($146.8m) | ($378.8m) | $44.3m | $56.9m | $67.8m | $60.6m | $589.1m | $378.8m | $448.5m | $449.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $96k | $1.7m | ($801k) | — | ($484k) | ($2.5m) | — | $985k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | — | $8.5m | $4.8m | $5.5m | $20.2m | $19.0m | $14.5m | $39.7m | $26.8m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.9m | $7.7m | $10.3m | $12.4m | $10.1m | $5.3m | $6.3m | $14.1m | $23.2m | $21.0m | — | |
| Income Taxes Paid, Net | $2.3m | $6.0m | $8.7m | $12.1m | $8.9m | $8.8m | $17.1m | $31.5m | $45.0m | $31.4m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | $517k | — | ($1.4m) | $431k | — | $249k | — | |
| Goodwill | $211.9m | $238.1m | $335.4m | $353.2m | $363.5m | $361.7m | $359.8m | $382.2m | $463.5m | $506.8m | $497k | |
| Income Tax Expense (Benefit) | $5.3m | $8.4m | $7.5m | ($3.3m) | ($3.4m) | $5.5m | $8.1m | $17.7m | $29.6m | $42.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $31.2m | $26.5m | — | |
| Investment Income, Interest | $81k | $381k | $1.2m | — | — | — | — | — | — | — | — | |
| Operating Expenses | $230.1m | $293.2m | $336.2m | $416.9m | $402.7m | $424.4m | $431.5m | $459.9m | $487.6m | $553.5m | — | |
| Operating Lease, Expense | — | — | — | $16.8m | $16.7m | $16.0m | $14.2m | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $155k | ($531k) | $82k | $287k | $798k | $1.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.