MERIT MEDICAL SYSTEMS INC company info

CIK 856982
IRS Number 870447695
State of incorporation UT
Business address 1600 WEST MERIT PARK WAY
None
SOUTH JORDAN
UT
84095
Mail address 1600 WEST MERIT PARKWAY
None
SOUTH JORDAN
UT
84095

Short summary

MERIT MEDICAL SYSTEMS INC is a Utah company, with head office located at 1600 West Merit Park Way South Jordan, Utah 84095. The company achieved a record breaking net income last year - 27.52 million USD. This is 36.79% higher than one reported in 2016. In 2017 the company owned a total of 1.29 billion USD worth of assets, including 370.96 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 22.75% growth from the last year and a 375.55% increase in the 8 year period.

MERIT MEDICAL SYSTEMS INC Income Statement

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Revenue, Net 257.46296.76359.45
Gross Profit 108.80128.50165.47181.99194.37225.22235.78265.03326.25
Selling, General and Administrative Expense 64.7987.62104.50122.11128.64147.89156.35184.40229.13
Research and development 11.1715.3421.9427.8033.8936.6340.8145.2351.40
Operating Expenses 75.96111.29132.28152.35166.52185.06198.24230.15293.18
Operating Income (Loss) 32.8517.2033.1929.6427.8440.1737.5434.8833.07
Interest expense 0.030.600.790.608.048.836.238.807.74
Other Nonoperating Income (Expense) 0.100.150.35-1.65-0.220.02-0.39-0.77-0.87
Income Tax Expense (Benefit) 10.564.339.837.913.278.607.405.278.36
Net income 22.5312.4623.0416.5722.9723.8020.1227.52

MERIT MEDICAL SYSTEMS INC Balance Sheet

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Cash and cash equivalents 34.034.2563.019.9213.149.4012.1010.4937.6843.51
Accounts Receivable, Net, Current 41.8947.8158.4267.3567.4076.79103.69131.94
Nontrade Receivables, Current 1.412.612.494.036.474.745.568.49
Inventories 62.7271.0081.5686.4792.72109.86136.68169.25
Deferred income taxes 4.653.704.985.626.387.0200
Property, Plant and Equipment, Gross 224.93294.95359.70369.38385.93428.11460.62509.71
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 78.1889.63103.68118.51131.52151.63175.41197.94
Goodwill 33.0058.6665.57175.11184.51184.42187.03226.83249.00
Intangible Assets, Net (Excluding Goodwill) 61.3421.25
Other Assets, Noncurrent 8.608.6813.0214.5417.6914.7731.0658.08
Total assets 271.51458.21500.16728.38744.12755.12814.971,051.851,291.19
Current assets 178.57141.11167.30180.05192.36219.98295.56370.96
Total current liabilities 39.9652.6069.8171.1479.3585.09114.93139.59
Long-term Debt, Excluding Current Maturities 5556.62246.83238.38199.77221.72224.94391.58
Long-term Debt 30.74256.83248.38209.77231.72241.91413.57
Deferred income taxes 1.532.112.342.536.1811.0223.3523.33
Total liabilities 111.90129.60338.84328.22302.32334.98385.37591.94
Common Stock, Value, Issued 164.44167.88173.97181.98194.70200.02348.05359.57
Retained Earnings (Accumulated Deficit) 181.18202.55214.84233.53262.54285.41318.17337.62
Accumulated Other Comprehensive Income (Loss), Net of Tax 0.690.120.730.39-4.44-5.430.262.07

MERIT MEDICAL SYSTEMS INC Cash Flow

Name [in Millions USD]2008200920102011201220132014201520162017Trends
Net income 22.5312.4623.0416.5722.9723.8020.1227.52
Depreciation 1011.4013.201518.402122.6024.5026.80
Amortization of Intangible Assets 3.5067.5014.2014.9014.8019.3026.80
Depreciation and amortization 12.2714.8619.1922.5332.5435.9337.4343.7653.58
Deferred Income Tax Expense (Benefit) 1.79-0.551.680.551.363.873.45-0.96-1.30
Accounts receivable 2.132.093.326.586.4513.605.876.8212.84
Inventories 6.887.619.318.97-2.339.4013.113.6617.83
Net Cash Provided by (Used in) Operating Activities 30.0734.7634.0246.9451.3753.3369.4653.6062.73
Payments to Acquire Property, Plant, and Equipment 18.4823.6559.2064.6459.5134.1850.9632.8438.62
Payments to Acquire Businesses, Net of Cash Acquired 46.1597.7910.25192.7631.605.9312.37125.16105.58
Payments to Acquire Intangible Assets 1.191.082.081.461.621.711.962.222.58
Net Cash Provided by (Used in) Investing Activities -65.79-112.83-74.02-255.57-68.61-36.20-62.02-159.11-146.76
Proceeds from Issuance of Long-term Debt 0108.49104.59330.63176.76144.02152.38219.51197.21
Proceeds from Issuance of Common Stock 2.561.7195.453.763.738.156.675.27143.81
Payments for Repurchase of Common Stock 2.4700
Net Cash Provided by (Used in) Financing Activities 7.8276.1246.70208.2914.77-16.97-10.24121.1096.52
Cash and Cash Equivalents, Period Increase (Decrease) -27.90-2.406.39-0.41-2.26-0.10-3.1814.9913.17