Nuvasive inc (NUVA)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Current assets:
Cash and cash equivalents

511,976

213,034

163,399

128,377

93,391

117,840

75,112

70,078

73,741

72,803

62,200

130,932

134,008

153,643

203,818

263,082

270,105

192,339

141,328

78,637

88,494

142,387

130,657

106,461

110,777

102,825

100,616

58,880

78,472

123,299

107,731

121,156

270,180

163,492

220,943

505,084

134,101

92,597

70,590

67,513

65,413

Short-term marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,081

42,495

165,423

196,037

200,052

200,809

220,329

169,824

140,849

176,608

143,449

109,214

113,779

121,897

138,405

134,899

120,656

88,417

146,228

151,363

14,545

58,876

86,458

106,546

111,666

99,279

Restricted cash and investments

-

-

-

-

-

-

-

-

-

3,901

2,402

2,402

-

-

-

-

-

-

-

32,755

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of allowances of $17,386 and $17,019, respectively

186,826

211,532

203,611

207,992

194,358

196,487

191,571

199,907

188,107

200,220

187,247

190,169

172,103

171,595

143,818

141,917

126,088

127,595

115,579

116,835

111,547

118,959

108,367

112,572

106,269

104,774

96,208

96,314

90,410

88,958

78,140

85,749

85,570

87,736

78,637

80,532

75,952

74,361

71,617

68,230

58,462

Inventory, net

324,675

312,419

308,893

297,136

288,539

273,244

271,347

259,819

257,982

247,138

249,003

236,839

223,075

208,249

212,784

201,901

200,711

168,140

164,867

163,651

163,413

154,638

159,708

157,361

147,721

136,937

140,709

137,394

129,583

126,364

132,958

128,559

122,027

119,313

122,588

117,952

114,388

107,577

98,789

93,106

90,191

Prepaid income taxes

17,628

10,434

20,328

16,188

16,484

16,905

18,215

18,187

16,877

17,209

19,817

19,576

21,161

31,926

46,904

42,852

44,921

40,540

-

-

-

11,321

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred and prepaid taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,420

83,978

59,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,049

37,105

37,091

37,076

31,136

31,136

31,136

28,236

54,550

54,550

54,550

54,550

4,425

4,425

4,425

4,425

-

-

0

Income Taxes Receivable, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,809

21,013

16,512

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

17,294

16,917

14,610

14,617

13,555

13,733

23,408

23,588

21,102

18,792

9,184

12,310

12,921

10,030

9,573

8,141

7,844

8,790

7,279

8,423

8,992

10,325

10,216

11,774

11,273

10,947

10,100

9,016

9,078

8,487

7,264

8,130

9,209

20,518

5,100

4,724

4,750

6,353

4,520

3,768

3,757

Total current assets

1,058,399

764,336

710,841

664,310

606,327

618,209

579,653

571,579

557,809

560,063

529,853

592,228

563,268

575,443

616,897

711,974

692,164

702,827

698,510

684,331

632,863

657,959

629,630

587,135

606,251

536,008

487,983

446,519

460,576

513,749

515,542

518,800

629,953

591,837

583,056

727,262

392,492

371,771

352,062

344,283

317,102

Property and equipment, net

280,058

266,318

263,135

257,438

247,533

238,841

237,491

231,733

227,573

215,326

220,809

214,601

203,677

181,524

179,913

171,291

152,988

141,441

140,474

142,076

139,541

128,565

131,217

134,863

128,857

128,064

130,796

130,591

122,897

125,123

131,158

129,435

131,041

124,754

118,125

115,566

105,066

102,165

101,120

89,801

82,602

Long-term marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,654

18,381

112,332

113,793

27,921

27,501

43,042

83,752

102,920

52,209

79,829

92,999

100,072

80,829

84,412

42,416

23,707

4,999

32,503

46,593

4,603

32,814

50,635

39,629

34,046

39,968

Intangible assets, net

191,136

201,092

214,492

227,545

240,663

252,048

262,945

276,318

287,600

280,774

294,445

268,466

279,603

291,143

303,928

263,607

266,089

85,076

86,190

89,978

92,640

96,555

72,210

75,312

89,593

93,986

93,037

97,183

101,992

101,362

105,086

105,128

105,307

108,140

100,044

101,435

105,817

107,121

101,670

100,833

103,338

Goodwill

559,299

561,064

560,744

561,420

561,235

561,366

560,401

560,751

563,046

536,926

538,310

486,439

486,342

485,685

498,686

405,569

404,307

154,281

154,324

154,305

154,273

154,443

154,512

154,637

154,650

154,944

154,913

154,846

154,056

154,106

162,333

160,745

160,745

159,349

103,070

103,070

103,070

103,070

101,938

101,938

101,938

Operating lease right-of-use assets

107,304

66,932

67,128

62,424

61,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

9,354

9,162

4,023

4,885

4,369

5,263

4,939

4,955

5,277

6,440

6,093

5,961

5,977

5,810

4,633

14,698

8,176

83,691

49,614

42,035

65,196

111,354

46,827

46,886

42,874

42,863

39,719

37,677

37,676

40,575

19,857

19,857

19,857

19,857

76,260

52,033

52,033

52,033

-

-

612

Restricted cash and investments

1,494

1,494

2,395

2,394

2,395

2,395

2,394

2,394

2,394

1,494

4,946

4,945

7,547

7,405

7,420

7,403

7,316

5,615

5,615

119,731

156,155

123,233

123,170

123,140

123,068

119,195

119,168

119,048

119,046

118,995

182,067

181,815

68,547

68,600

68,463

68,613

-

5,529

-

-

-

Convertible note hedge derivative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80,098

-

-

-

-

-

Other assets

13,477

14,892

17,094

24,894

27,180

29,737

27,577

24,607

27,433

39,117

34,460

33,744

23,721

23,794

24,568

17,714

19,698

17,404

23,444

25,388

27,439

26,420

28,065

29,231

27,586

24,679

21,624

22,248

24,380

25,463

26,169

27,756

28,690

18,522

19,187

20,245

15,438

9,705

14,470

14,781

7,260

Total assets

2,220,521

1,885,290

1,839,852

1,805,310

1,751,102

1,707,859

1,675,400

1,672,337

1,671,132

1,640,140

1,628,916

1,606,384

1,570,135

1,570,804

1,636,045

1,605,910

1,569,119

1,302,667

1,271,964

1,285,765

1,295,608

1,341,571

1,269,383

1,254,124

1,225,088

1,179,568

1,140,239

1,108,184

1,101,452

1,163,785

1,184,628

1,167,243

1,149,139

1,123,562

1,114,798

1,272,925

806,730

802,029

710,889

685,682

652,820

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable and accrued liabilities

91,241

97,160

105,944

105,710

99,991

107,292

100,912

89,534

83,136

75,767

73,552

82,933

82,467

77,585

72,581

100,791

77,357

60,986

63,545

61,099

71,507

133,324

107,956

102,224

102,571

86,057

81,820

78,298

72,227

62,048

63,498

61,232

61,470

51,744

52,191

52,447

54,899

58,995

43,798

38,337

35,636

Contingent consideration liabilities

14,859

15,727

7,774

7,892

6,637

7,560

2,207

12,214

11,670

18,952

19,275

19,271

48,576

49,742

45,005

-

19,497

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and related expenses

40,173

86,458

66,044

58,492

44,824

59,960

47,798

51,128

39,369

55,618

51,965

49,323

38,651

51,000

41,010

35,268

30,276

37,640

32,767

29,490

27,702

38,032

31,289

26,966

24,219

31,095

26,117

21,936

20,952

27,916

22,527

20,746

18,582

22,215

17,872

15,356

14,643

17,266

13,191

13,088

19,111

Operating lease liabilities

7,031

5,567

5,792

6,471

6,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation liabilities

-

-

2,065

3,250

2,045

-

8,316

10,300

38,190

8,150

-

-

-

-

-

45,140

-

-

937

41,065

14,000

30,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

5,000

37,000

55,000

-

40,000

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax liabilities

151

2,005

5,496

2,823

1,964

4,648

4,002

3,825

3,899

2,908

857

11,995

2,130

2,469

828

1,083

930

990

-

-

-

12,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Embedded conversion derivative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,900

-

-

-

-

-

Senior convertible notes

628,681

-

-

-

-

-

-

-

-

-

-

63,302

62,486

61,701

120,975

119,451

-

-

-

-

-

-

-

-

-

-

0

0

0

74,311

74,311

74,311

74,311

0

-

-

-

-

-

-

-

Deferred and income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,066

785

750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current Litigation Liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

30,000

30,000

-

-

-

7,500

-

-

-

101,200

101,200

101,200

-

-

0

-

-

-

Acquisition-related liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,628

33,955

33,155

32,715

-

-

0

Royalties payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,619

2,484

-

Total current liabilities

782,136

206,917

193,115

184,638

161,781

179,460

168,235

204,001

231,264

161,395

185,649

246,824

234,310

242,497

280,399

301,733

128,060

99,616

99,315

132,439

113,959

214,096

169,245

159,190

156,790

117,152

107,937

100,234

100,679

164,275

192,725

188,579

287,652

207,380

204,891

101,758

102,697

108,976

59,608

53,909

54,747

Acquisition-related liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,389

32,290

32,089

32,221

0

0

339

326

31,264

30,876

30,694

Long-term senior convertible notes

361,633

623,298

617,992

612,762

607,607

602,526

597,518

592,581

587,716

582,920

578,192

573,532

568,939

564,412

559,950

555,493

669,398

372,920

372,485

368,501

364,588

360,746

356,974

353,269

349,632

346,060

342,552

339,108

335,726

332,404

329,143

325,941

322,796

394,019

427,974

543,696

230,000

230,000

230,000

230,000

230,000

Deferred and income tax liabilities

23,905

14,655

13,491

10,269

5,641

4,964

6,200

9,525

4,900

18,870

29,667

16,110

20,529

18,607

26,239

14,288

11,496

8,602

8,177

9,289

23,517

11,441

2,967

2,980

2,933

2,934

3,143

3,125

3,123

3,129

4,180

3,952

3,952

3,952

3,685

3,685

3,685

3,685

-

-

16,756

Operating lease liabilities

116,496

73,153

72,713

67,753

67,112

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current litigation liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,310

88,261

87,553

87,495

117,430

93,700

-

-

-

93,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93,700

93,700

93,700

-

93,700

93,700

93,700

101,200

101,200

101,200

-

0

-

-

-

-

-

-

-

Other long-term liabilities

50,152

52,060

65,927

67,164

68,955

86,384

99,826

85,067

84,856

77,539

75,213

46,312

47,629

44,764

46,643

26,541

20,170

14,425

12,742

12,679

12,633

13,230

14,088

16,674

17,545

14,844

14,789

14,838

15,056

15,199

15,581

14,564

14,693

13,461

13,088

12,670

12,729

12,810

29,480

27,810

10,772

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,748

10,003

10,033

10,248

10,501

10,705

11,015

11,138

11,496

11,877

12,276

12,714

13,629

Stockholders’ equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none outstanding

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Common stock, $0.001 par value; 120,000,000 shares authorized at March 31, 2020 and December 31, 2019, 57,691,871 and 57,524,658 issued and outstanding at March 31, 2020 and December 31, 2019, respectively

62

62

62

62

61

61

61

61

60

60

60

58

56

55

55

55

53

53

52

51

50

48

47

47

47

45

45

45

44

44

44

43

43

42

40

40

40

40

39

39

39

Additional paid-in capital

1,478,294

1,429,854

1,421,235

1,413,934

1,402,797

1,397,829

1,380,519

1,371,436

1,358,759

1,363,549

1,347,482

1,033,546

1,020,672

1,010,238

1,033,298

1,017,902

961,206

989,387

973,481

940,765

884,469

847,145

822,854

813,541

786,285

769,203

746,518

734,796

721,688

714,865

705,931

700,409

688,992

674,790

625,387

613,016

553,484

545,114

520,948

513,072

485,757

Accumulated other comprehensive loss

-13,227

-9,418

-11,332

-8,552

-9,122

-8,628

-10,194

-8,875

-4,353

-6,933

-6,855

-8,131

-8,774

-10,631

-5,891

-6,351

-9,079

-12,112

-11,323

-10,970

-11,722

-9,670

-3,907

-1,299

-2,179

-3,238

-1,476

-3,413

-1,043

786

1,166

35

1,101

477

-54

1,698

1,316

616

621

-849

126

Retained earnings

87,773

82,475

52,599

41,589

26,627

17,241

5,084

-10,839

-22,370

4,762

-19,460

-53,077

-65,738

-66,859

-73,235

-77,161

-129,533

-104,006

-132,150

-145,110

-155,378

-186,938

-194,412

-192,582

-188,494

-170,218

-176,227

-183,738

-177,269

-178,120

-175,375

-177,728

-180,591

-181,264

-171,228

-103,676

-109,056

-111,415

-173,347

-181,889

-189,700

Treasury stock at cost; 6,524,218 shares and 5,379,536 shares at March 31, 2020 and December 31, 2019, respectively

666,703

587,766

585,950

584,309

580,357

571,978

571,849

570,620

569,700

565,867

565,313

253,503

252,633

237,867

237,411

233,019

177,814

161,788

146,077

117,293

62,085

10,537

664

44

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total NuVasive, Inc. stockholders’ equity

-

-

-

-

-

-

803,621

781,163

762,396

795,571

755,914

718,893

693,583

694,936

716,816

701,426

644,833

711,534

683,983

667,443

655,334

640,048

623,918

619,663

595,659

595,792

568,860

547,690

543,420

537,575

531,766

522,759

509,545

494,045

454,145

511,078

445,784

434,355

348,261

330,373

296,222

Non-controlling interests

-

-

-

-

-

-

-

-

-

3,845

4,281

4,713

5,145

5,588

5,998

6,429

6,852

7,309

7,709

7,919

8,147

8,310

8,491

8,648

8,829

9,086

9,258

9,489

-

0

-

-

-

-

-

-

-

-

-

-

-

Total equity

886,199

915,207

876,614

862,724

840,006

834,525

803,621

781,163

762,396

799,416

760,195

723,606

698,728

700,524

722,814

707,855

651,685

718,843

691,692

675,362

663,481

648,358

632,409

628,311

604,488

604,878

578,118

557,179

-

537,575

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

2,220,521

1,885,290

1,839,852

1,805,310

1,751,102

1,707,859

1,675,400

1,672,337

1,671,132

1,640,140

1,628,916

1,606,384

1,570,135

1,570,804

1,636,045

1,605,910

1,569,119

1,302,667

1,271,964

1,285,765

1,295,608

1,341,571

1,269,383

1,254,124

1,225,088

1,179,568

1,140,239

1,108,184

1,101,452

1,163,785

1,184,628

1,167,243

1,149,139

1,123,562

1,114,798

1,272,925

806,730

802,029

710,889

685,682

652,820