◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

GLOBUS MEDICAL INC CIK: 1237831 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001562762-21-000188
Period End Date 20210331
Filing Date 20210504
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance gmed-20210331x10q_htm.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $4.41M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $4.36M USD Point-in-time
Cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $184.85M USD Point-in-time
Cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $166.74M USD Point-in-time
Cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $239.40M USD Point-in-time
Cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $195.72M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $282.35M USD Point-in-time
Short-term marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $187.34M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $276.45M USD Point-in-time
Short-term marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $218.71M USD Point-in-time
Accounts receivable, net of allowances of $4,358 and $4,408, respectively AccountsReceivableNetCurrent $141.68M USD Point-in-time
Accounts receivable, net of allowances of $4,358 and $4,408, respectively AccountsReceivableNetCurrent $160.94M USD Point-in-time
Inventories InventoryNet $232.01M USD Point-in-time
Inventories InventoryNet $229.15M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $16.13M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 775.00M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.77M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $6.42M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $1.74M USD Point-in-time
Total current assets AssetsCurrent $821.76M USD Point-in-time
Total current assets AssetsCurrent $814.37M USD Point-in-time
Property and equipment, net of accumulated depreciation of $282,346 and $276,451, respectively PropertyPlantAndEquipmentNet $216.19M USD Point-in-time
Property and equipment, net of accumulated depreciation of $282,346 and $276,451, respectively PropertyPlantAndEquipmentNet $216.88M USD Point-in-time
Long-term marketable securities AvailableForSaleSecuritiesNoncurrent $434.88M USD Point-in-time
Long-term marketable securities AvailableForSaleSecuritiesNoncurrent $358.52M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $80.41M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $86.95M USD Point-in-time
Goodwill Goodwill $155.37M USD Point-in-time
Goodwill Goodwill $128.78M USD Point-in-time
Goodwill Goodwill $156.72M USD Point-in-time
Other assets OtherAssetsNoncurrent $28.69M USD Point-in-time
Other assets OtherAssetsNoncurrent $32.04M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $6.62M USD Point-in-time
Deferred income taxes DeferredIncomeTaxAssetsNet $7.97M USD Point-in-time
Total assets Assets $1.74B USD Point-in-time
Total assets Assets $1.68B USD Point-in-time
Accounts payable AccountsPayableCurrent $22.41M USD Point-in-time
Accounts payable AccountsPayableCurrent $18.20M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $69.91M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $78.33M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $1.10M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $8.43M USD Point-in-time
Business acquisition liabilities BusinessAcquisitionLiabilitiesCurrent $5.78M USD Point-in-time
Business acquisition liabilities BusinessAcquisitionLiabilitiesCurrent $6.05M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $8.12M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $8.65M USD Point-in-time
Payable to broker PayablesToBrokerDealersAndClearingOrganizations $9.25M USD Point-in-time
Payable to broker PayablesToBrokerDealersAndClearingOrganizations $8.22M USD Point-in-time
Total current liabilities LiabilitiesCurrent $123.68M USD Point-in-time
Total current liabilities LiabilitiesCurrent $120.79M USD Point-in-time
Business acquisition liabilities, net of current portion BusinessAcquisitionLiabilitiesNoncurrent $29.97M USD Point-in-time
Business acquisition liabilities, net of current portion BusinessAcquisitionLiabilitiesNoncurrent $31.49M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $5.92M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $6.20M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $15.32M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $14.70M USD Point-in-time
Total liabilities Liabilities $174.90M USD Point-in-time
Total liabilities Liabilities $173.19M USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $457.16M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $474.31M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.96M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.82M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.05B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.09B USD Point-in-time
Total equity StockholdersEquity $1.40B USD Point-in-time
Total equity StockholdersEquity $1.56B USD Point-in-time
Total equity StockholdersEquity $1.36B USD Point-in-time
Total equity StockholdersEquity $1.51B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.74B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.68B USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
Net sales Revenues $190.58M USD 1 Quarter
Net sales Revenues $227.34M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $48.86M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $55.03M USD 1 Quarter
Gross profit GrossProfit $172.32M USD 1 Quarter
Gross profit GrossProfit $141.71M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $14.92M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $15.40M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $97.89M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $93.54M USD 1 Quarter
Provision for litigation LitigationSettlementExpense $-94.00K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $4.77M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $3.78M USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $274.00K USD 1 Quarter
Acquisition related costs BusinessCombinationAcquisitionRelatedCosts $548.00K USD 1 Quarter
Total operating expenses OperatingExpenses $113.27M USD 1 Quarter
Total operating expenses OperatingExpenses $117.77M USD 1 Quarter
Operating income/(loss) OperatingIncomeLoss $54.55M USD 1 Quarter
Operating income/(loss) OperatingIncomeLoss $28.45M USD 1 Quarter
Interest income/(expense), net InterestIncomeExpenseNet $4.32M USD 1 Quarter
Interest income/(expense), net InterestIncomeExpenseNet $2.71M USD 1 Quarter
Foreign currency transaction gain/(loss) ForeignCurrencyTransactionGainLossBeforeTax $-468.00K USD 1 Quarter
Foreign currency transaction gain/(loss) ForeignCurrencyTransactionGainLossBeforeTax $-280.00K USD 1 Quarter
Other income/(expense) OtherNonoperatingIncome $194.00K USD 1 Quarter
Other income/(expense) OtherNonoperatingIncome $214.00K USD 1 Quarter
Total other income/(expense), net OtherNonoperatingIncomeExpense $4.05M USD 1 Quarter
Total other income/(expense), net OtherNonoperatingIncomeExpense $2.65M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $57.19M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $32.50M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $6.55M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $11.87M USD 1 Quarter
Net income/(loss) NetIncomeLoss $45.33M USD 1 Quarter
Net income/(loss) NetIncomeLoss $25.95M USD 1 Quarter
Unrealized gain/(loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-1.67M USD 1 Quarter
Unrealized gain/(loss) on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-3.84M USD 1 Quarter
Foreign currency translation gain/(loss) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $474.00K USD 1 Quarter
Foreign currency translation gain/(loss) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-4.11M USD 1 Quarter
Total other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-5.78M USD 1 Quarter
Total other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-3.37M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTax $39.55M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTax $22.58M USD 1 Quarter
Basic EarningsPerShareBasic $0.45 USD 1 Quarter
Basic EarningsPerShareBasic $0.26 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.25 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.44 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 99.87M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 99.64M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 102.42M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 102.15M shares 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $45.33M USD 1 Quarter
Net income NetIncomeLoss $25.95M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.57M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $17.16M USD 1 Quarter
Amortization of premium (discount) on marketable securities InvestmentIncomeNetAmortizationOfDiscountAndPremium $-20.00K USD 1 Quarter
Amortization of premium (discount) on marketable securities InvestmentIncomeNetAmortizationOfDiscountAndPremium $-520.00K USD 1 Quarter
Write-down of excess and obsolete inventories InventoryWriteDown $679.00K USD 1 Quarter
Write-down of excess and obsolete inventories InventoryWriteDown $1.55M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $6.81M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $7.70M USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $80.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $756.00K USD 1 Quarter
Change in fair value of business acquisition liabilities BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $258.00K USD 1 Quarter
Change in fair value of business acquisition liabilities BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $506.00K USD 1 Quarter
Change in deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.90M USD 1 Quarter
Change in deferred income taxes DeferredIncomeTaxesAndTaxCredits $-808.00K USD 1 Quarter
(Gain)/loss on disposal of assets, net GainLossOnDispositionOfAssets1 $-207.00K USD 1 Quarter
(Gain)/loss on disposal of assets, net GainLossOnDispositionOfAssets1 $-103.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $20.35M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-14.13M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $12.11M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.00M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $205.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.52M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-283.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $4.21M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-4.78M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-13.70M USD 1 Quarter
Income taxes payable/receivable IncreaseDecreaseInAccruedIncomeTaxesPayable $7.86M USD 1 Quarter
Income taxes payable/receivable IncreaseDecreaseInAccruedIncomeTaxesPayable $12.08M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $63.57M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $42.29M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireInvestments $185.11M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireInvestments $57.42M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $71.77M USD 1 Quarter
Maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $39.85M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $33.82M USD 1 Quarter
Sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $5.37M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $13.67M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $22.31M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.59M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-125.11M USD 1 Quarter
Payment of business acquisition related liabilities PaymentOfBusinessAcquisitionLiabilities $1.54M USD 1 Quarter
Payment of business acquisition related liabilities PaymentOfBusinessAcquisitionLiabilities $566.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $5.76M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $9.10M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $73.86M USD 1 Quarter
Net cash provided by/used in financing activities NetCashProvidedByUsedInFinancingActivities $7.56M USD 1 Quarter
Net cash provided by/used in financing activities NetCashProvidedByUsedInFinancingActivities $-68.67M USD 1 Quarter
Effect of foreign exchange rates on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-569.00K USD 1 Quarter
Effect of foreign exchange rates on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-16.00K USD 1 Quarter
Net increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-28.98M USD 1 Quarter
Net increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-54.55M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $184.85M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $166.74M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $239.40M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $195.72M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $184.85M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $166.74M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $239.40M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $195.72M USD Point-in-time
Income taxes paid IncomeTaxesPaidNet $1.79M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $570.00K USD 1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $5.29M USD 1 Quarter
Purchases of property and equipment included in accounts payable and accrued expenses CapitalExpendituresIncurredButNotYetPaid $2.62M USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Total equity, beginning of period StockholdersEquity $1.40B USD Point-in-time
Total equity, beginning of period StockholdersEquity $1.56B USD Point-in-time
Total equity, beginning of period StockholdersEquity $1.36B USD Point-in-time
Total equity, beginning of period StockholdersEquity $1.51B USD Point-in-time
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $7.88M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $6.90M USD 1 Quarter
Grants of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardGross $163.00K USD 1 Quarter
Exercise of stock options (shares) StockIssuedDuringPeriodSharesStockOptionsExercised 303,000.00 shares 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $5.76M USD 1 Quarter
Exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $9.10M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTax $39.55M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTax $22.58M USD 1 Quarter
Repurchase and retirement of common stock StockRepurchasedAndRetiredDuringPeriodValue $73.86M USD 1 Quarter
Total equity, end of period StockholdersEquity $1.40B USD Point-in-time
Total equity, end of period StockholdersEquity $1.56B USD Point-in-time
Total equity, end of period StockholdersEquity $1.36B USD Point-in-time
Total equity, end of period StockholdersEquity $1.51B USD Point-in-time

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

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...