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10-Q Filing

GLOBUS MEDICAL INC CIK: 1237831 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001237831-16-000085
Period End Date 20160331
Filing Date 20160504
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance gmed-20160331.xml
Filing Contents
Balance Sheet 75 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $75.01M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $82.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $60.15M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $2.51M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.28M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $2.56M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $26.12M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $10.45M USD Point-in-time
Short-term marketable securities AvailableForSaleSecuritiesCurrent $220.88M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $145.64M USD Point-in-time
Short-term marketable securities AvailableForSaleSecuritiesCurrent $236.86M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $139.11M USD Point-in-time
Accounts receivable, net of allowances of $2,563 and $2,513, respectively AccountsReceivableNetCurrent $75.53M USD Point-in-time
Accounts receivable, net of allowances of $2,563 and $2,513, respectively AccountsReceivableNetCurrent $77.68M USD Point-in-time
Inventories InventoryNet $105.26M USD Point-in-time
Inventories InventoryNet $105.15M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 785.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $5.96M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $7.35M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $8.67M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 95.32M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 95.50M shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $281.00K USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $38.69M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 95.32M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 95.50M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent - USD Point-in-time
Total current assets AssetsCurrent $544.80M USD Point-in-time
Total current assets AssetsCurrent $515.50M USD Point-in-time
Property and equipment, net of accumulated depreciation of $145,642 and $139,114, respectively PropertyPlantAndEquipmentNet $115.11M USD Point-in-time
Property and equipment, net of accumulated depreciation of $145,642 and $139,114, respectively PropertyPlantAndEquipmentNet $114.74M USD Point-in-time
Long-term marketable securities AvailableForSaleSecuritiesNoncurrent $58.94M USD Point-in-time
Long-term marketable securities AvailableForSaleSecuritiesNoncurrent $48.76M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $33.24M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $32.85M USD Point-in-time
Goodwill Goodwill $91.96M USD Point-in-time
Goodwill Goodwill $91.96M USD Point-in-time
Other assets OtherAssetsNoncurrent $590.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $306.00K USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent - USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $25.32M USD Point-in-time
Total assets Assets $839.99M USD Point-in-time
Total assets Assets $834.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $12.12M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.97M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $53.77M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $42.19M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $6.39M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $763.00K USD Point-in-time
Business acquisition liabilities, current BusinessAcquisitionLiabilitiesCurrent $11.63M USD Point-in-time
Business acquisition liabilities, current BusinessAcquisitionLiabilitiesCurrent $12.19M USD Point-in-time
Total current liabilities LiabilitiesCurrent $82.69M USD Point-in-time
Total current liabilities LiabilitiesCurrent $72.34M USD Point-in-time
Business acquisition liabilities, net of current portion BusinessAcquisitionLiabilitiesNoncurrent $17.06M USD Point-in-time
Business acquisition liabilities, net of current portion BusinessAcquisitionLiabilitiesNoncurrent $21.13M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $13.26M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent - USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.71M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $1.70M USD Point-in-time
Total liabilities Liabilities $91.10M USD Point-in-time
Total liabilities Liabilities $118.78M USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $197.88M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $192.63M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.83M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.96M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.66M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.65M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $524.56M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $552.57M USD Point-in-time
Total equity StockholdersEquity $748.88M USD Point-in-time
Total equity StockholdersEquity $715.32M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $839.99M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $834.10M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $131.60M USD 1 Quarter
Sales SalesRevenueNet $139.26M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $32.11M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $31.64M USD 1 Quarter
Gross profit GrossProfit $107.62M USD 1 Quarter
Gross profit GrossProfit $99.50M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $8.66M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $10.20M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $54.57M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $52.29M USD 1 Quarter
Provision for litigation LossContingencyAccrualProvision $32.00K USD 1 Quarter
Provision for litigation LossContingencyAccrualProvision - USD 1 Quarter
Total operating expenses OperatingExpenses $60.98M USD 1 Quarter
Total operating expenses OperatingExpenses $64.77M USD 1 Quarter
Operating Income OperatingIncomeLoss $42.85M USD 1 Quarter
Operating Income OperatingIncomeLoss $38.52M USD 1 Quarter
Interest income, net InterestIncomeExpenseNet $496.00K USD 1 Quarter
Interest income, net InterestIncomeExpenseNet $278.00K USD 1 Quarter
Foreign currency transaction gain/(loss) ForeignCurrencyTransactionGainLossBeforeTax $108.00K USD 1 Quarter
Foreign currency transaction gain/(loss) ForeignCurrencyTransactionGainLossBeforeTax $-677.00K USD 1 Quarter
Other income OtherNonoperatingIncome $156.00K USD 1 Quarter
Other income OtherNonoperatingIncome $52.00K USD 1 Quarter
Total other income/(expense), net OtherNonoperatingIncomeExpense $-347.00K USD 1 Quarter
Total other income/(expense), net OtherNonoperatingIncomeExpense $760.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $43.61M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $38.17M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $15.60M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $13.53M USD 1 Quarter
Net Income NetIncomeLoss $28.01M USD 1 Quarter
Net Income NetIncomeLoss $24.65M USD 1 Quarter
Basic EarningsPerShareBasic $0.26 USD 1 Quarter
Basic EarningsPerShareBasic $0.29 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.29 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.26 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 94.79M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 95.40M shares 1 Quarter
Dilutive stock options IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 895,000.00 shares 1 Quarter
Dilutive stock options IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 1.12M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 95.91M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 96.29M shares 1 Quarter
Anti-dilutive stock options excluded from weighted average calculation AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount 5.21M shares 1 Quarter
Anti-dilutive stock options excluded from weighted average calculation AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount 2.72M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $28.01M USD 1 Quarter
Net income NetIncomeLoss $24.65M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.67M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.68M USD 1 Quarter
Amortization of premium on marketable securities InvestmentIncomeAmortizationOfPremium $953.00K USD 1 Quarter
Amortization of premium on marketable securities InvestmentIncomeAmortizationOfPremium $640.00K USD 1 Quarter
Write-down for excess and obsolete inventories InventoryWriteDown $2.23M USD 1 Quarter
Write-down for excess and obsolete inventories InventoryWriteDown $2.53M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.77M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.13M USD 1 Quarter
Excess tax benefit related to nonqualified stock options ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $510.00K USD 1 Quarter
Excess tax benefit related to nonqualified stock options ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $684.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $88.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $47.00K USD 1 Quarter
Change in deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.22M USD 1 Quarter
Change in deferred income taxes DeferredIncomeTaxesAndTaxCredits $391.00K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash $-15.67M USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-1.89M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.20M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.25M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $7.36M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-896.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.21M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.24M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $835.00K USD 1 Quarter
Accounts payable to related-party IncreaseDecreaseInAccountsPayableRelatedParties - USD 1 Quarter
Accounts payable to related-party IncreaseDecreaseInAccountsPayableRelatedParties $-5.36M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-3.90M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-15.66M USD 1 Quarter
Income taxes payable/receivable IncreaseDecreaseInAccruedIncomeTaxesPayable $14.91M USD 1 Quarter
Income taxes payable/receivable IncreaseDecreaseInAccruedIncomeTaxesPayable $14.52M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $55.05M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $34.67M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireInvestments $72.87M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireInvestments $104.21M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $69.66M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $64.57M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $7.80M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $19.76M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.37M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.23M USD 1 Quarter
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $48.02M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-36.12M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-43.78M USD 1 Quarter
Payment of business acquisition liabilities PaymentOfBusinessAcquisitionLiabilities $300.00K USD 1 Quarter
Payment of business acquisition liabilities PaymentOfBusinessAcquisitionLiabilities $300.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.90M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.43M USD 1 Quarter
Excess tax benefit related to nonqualified stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $510.00K USD 1 Quarter
Excess tax benefit related to nonqualified stock options ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $684.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $2.10M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.81M USD 1 Quarter
Effect of foreign exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $91.00K USD 1 Quarter
Effect of foreign exchange rate on cash EffectOfExchangeRateOnCashAndCashEquivalents $41.00K USD 1 Quarter
Net increase/(decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $21.12M USD 1 Quarter
Net increase/(decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-7.26M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $75.01M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $82.27M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $60.15M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $81.28M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $75.01M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $82.27M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $60.15M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $81.28M USD Point-in-time
Interest paid InterestPaid - USD 1 Quarter
Interest paid InterestPaid $1.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $774.00K USD 1 Quarter
Income taxes paid IncomeTaxesPaid $509.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $28.01M USD 1 Quarter
Net income NetIncomeLoss $24.65M USD 1 Quarter
Unrealized gain on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $224.00K USD 1 Quarter
Unrealized gain on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $65.00K USD 1 Quarter
Foreign currency translation gain/(loss) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-243.00K USD 1 Quarter
Foreign currency translation gain/(loss) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $81.00K USD 1 Quarter
Total other comprehensive gain/(loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-178.00K USD 1 Quarter
Total other comprehensive gain/(loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $305.00K USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $28.32M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $24.47M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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