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MERIT MEDICAL   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Sales1,074.75963.88994.85882.75727.85603.84542.15509.69449.05394.29
Total Revenues1,074.75963.88994.85882.75727.85603.84542.15509.69449.05394.29
Cost of sales589.42562.70562.49487.98401.60338.81306.37284.47254.68212.30
Gross Profit485.33401.18432.37394.77326.25265.03235.78225.22194.37181.99
Goodwill impairment charge--------------1.10----
Intangible asset impairment charge--------0.81----------
Research and development71.2557.5465.6259.5351.4045.2340.8136.6333.8927.80
Acquired in-process research and development0.000.250.530.6412.140.461.00--0.002.45
Severance costs--------------------
Selling, general and administrative335.69297.72327.27276.02229.13184.40156.35147.89128.64122.11
Legal settlement(10.04)(18.68)0.000.00------------
Impairment(4.28)(36.50)(23.75)(0.66)----0.00--(8.09)--
Gain on sale of land--------------------
Contingent consideration benefit(3.16)7.960.230.700.30(0.06)(0.08)0.574.09--
Total Operating Expenses424.42402.74416.93336.15293.18230.15198.24185.06166.52152.35
Operating Income (Loss)60.92(1.56)15.4358.6233.0734.8837.5440.1727.8429.64
Interest expense5.269.9912.4110.367.748.806.238.838.040.60
Litigation settlement--------------------
Interest income0.770.60(0.29)1.200.380.080.270.220.260.23
Other income (expense)(2.51)(2.28)(0.54)0.06(0.87)(0.77)(0.39)0.02(0.22)(1.65)
Bargain purchase gain--------11.04--0.00------
Total other Income (Expense)(7.00)(11.67)(13.24)(9.10)2.81(9.49)(6.34)(8.59)----
Income (loss) before income taxes53.92(13.23)2.1949.5235.8825.3931.2031.5719.8427.62
Income tax expense (benefit)5.46(3.39)(3.26)7.508.365.277.408.603.277.91
Current tax expense: Foreign8.488.418.046.005.17--3.22--2.321.00
Current tax expense: Federal0.81(0.94)0.48(1.13)3.85--(0.02)--(0.75)5.35
Current tax expense: State0.810.440.660.580.65--0.75--0.331.01
Deferred (benefit) expense: Federal(0.47)(2.69)(8.11)4.40(0.31)--3.25--1.090.87
Deferred (benefit) expense: State(1.85)(4.52)(3.52)(0.67)(0.22)--0.29--0.28(0.34)
Deferred (benefit) expense: Foreign(2.32)(4.08)(0.80)(1.68)(0.77)--(0.09)--(0.01)0.02
Minority interest in income of subsidiary--------------------
Net Income (loss) Available to Common Shareholders48.45(9.84)5.4542.0227.5220.1223.8022.9716.5719.71
Net Earnings Per Share (Basic)0.86(0.18)0.100.800.560.450.540.530.390.47
Net Earnings Per Share (Diluted)0.84(0.18)0.100.780.550.450.530.530.390.46
Weighted Average Shares Outstanding (Basic)56.1555.4355.0852.2748.8144.4144.0443.1442.6142.18
Weighted Average Shares Outstanding (Diluted)57.3655.4356.2453.9350.1044.8644.5143.4142.8842.61