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10-Q Filing

LIVANOVA PLC CIK: 1639691 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001639691-16-000042
Period End Date 20160331
Filing Date 20160509
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance livn-20160331.xml
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Ordinary shares, par value (in Pounds per Share) CommonStockParOrStatedValuePerShare 1.00 GBP Point-in-time
Ordinary shares, par value (in Pounds per Share) CommonStockParOrStatedValuePerShare 1.00 GBP Point-in-time
Ordinary shares issued CommonStockSharesIssued 48.87M shares Point-in-time
Ordinary shares issued CommonStockSharesIssued 49.01M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $87.47M USD Point-in-time
Ordinary shares outstanding CommonStockSharesOutstanding 49.01M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $124.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $112.61M USD Point-in-time
Ordinary shares outstanding CommonStockSharesOutstanding 48.87M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.21M USD Point-in-time
Short-term Investments HeldToMaturitySecuritiesCurrent $6.99M USD Point-in-time
Short-term Investments HeldToMaturitySecuritiesCurrent $7.00M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $288.54M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $272.35M USD Point-in-time
Inventories InventoryNet $212.45M USD Point-in-time
Inventories InventoryNet $210.76M USD Point-in-time
Prepaid taxes PrepaidTaxes $51.35M USD Point-in-time
Prepaid taxes PrepaidTaxes $42.42M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $38.56M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $26.58M USD Point-in-time
Total Current Assets AssetsCurrent $683.67M USD Point-in-time
Total Current Assets AssetsCurrent $673.41M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $244.59M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $253.75M USD Point-in-time
Goodwill Goodwill $745.36M USD Point-in-time
Goodwill Goodwill $764.54M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $674.74M USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $658.94M USD Point-in-time
Investments InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $77.49M USD Point-in-time
Investments InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $77.68M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNetNoncurrent $153.51M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsLiabilitiesNetNoncurrent $157.81M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.45M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.52M USD Point-in-time
Total Assets Assets $2.56B USD Point-in-time
Total Assets Assets $2.62B USD Point-in-time
Current debt obligations DebtCurrent $82.51M USD Point-in-time
Current debt obligations DebtCurrent $75.54M USD Point-in-time
Accounts payable AccountsPayableCurrent $109.59M USD Point-in-time
Accounts payable AccountsPayableCurrent $118.86M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $80.53M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $63.05M USD Point-in-time
Income taxes payable TaxesPayableCurrent $26.70M USD Point-in-time
Income taxes payable TaxesPayableCurrent $26.95M USD Point-in-time
Accrued employee compensation and related benefits liability DeferredCompensationLiabilityCurrent $79.67M USD Point-in-time
Accrued employee compensation and related benefits liability DeferredCompensationLiabilityCurrent $77.27M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $381.55M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $359.12M USD Point-in-time
Long-term debt obligations LongTermDebtNoncurrent $96.06M USD Point-in-time
Long-term debt obligations LongTermDebtNoncurrent $91.79M USD Point-in-time
Deferred income taxes liability DeferredTaxLiabilitiesNoncurrent $250.53M USD Point-in-time
Deferred income taxes liability DeferredTaxLiabilitiesNoncurrent $235.48M USD Point-in-time
Long-term employee compensation and related benefits liability PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $32.53M USD Point-in-time
Long-term employee compensation and related benefits liability PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $31.14M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $29.74M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $31.81M USD Point-in-time
Total Liabilities Liabilities $747.28M USD Point-in-time
Total Liabilities Liabilities $792.48M USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Ordinary Shares, 1.00 par value: unlimited shares authorized; 49,008,015 and 48,868,305 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $75.44M USD Point-in-time
Ordinary Shares, 1.00 par value: unlimited shares authorized; 49,008,015 and 48,868,305 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively CommonStockValue $75.64M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.74B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.75B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-9.11M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-54.23M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.84M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $48.21M USD Point-in-time
Total Stockholders Equity StockholdersEquity $1.81B USD Point-in-time
Total Stockholders Equity StockholdersEquity $1.83B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $2.62B USD Point-in-time
Total Liabilities and Stockholders Equity LiabilitiesAndStockholdersEquity $2.56B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $286.97M USD 1 Quarter
Net sales SalesRevenueNet $74.07M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $123.57M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $7.59M USD 1 Quarter
Gross profit GrossProfit $66.48M USD 1 Quarter
Gross profit GrossProfit $163.40M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $115.58M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $29.69M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $10.69M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $31.69M USD 1 Quarter
Merger and Integration expenses BusinessCombinationIntegrationRelatedCosts $8.69M USD 1 Quarter
Merger and Integration expenses BusinessCombinationIntegrationRelatedCosts $6.76M USD 1 Quarter
Restructuring expenses RestructuringCharges $28.59M USD 1 Quarter
Restructuring expenses RestructuringCharges - USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $15.89M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $685.00K USD 1 Quarter
Litigation related expenses GainLossRelatedToLitigationSettlement - USD 1 Quarter
Litigation related expenses GainLossRelatedToLitigationSettlement $-997.00K USD 1 Quarter
Total operating expenses OperatingExpenses $49.76M USD 1 Quarter
Total operating expenses OperatingExpenses $199.51M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $16.72M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-36.10M USD 1 Quarter
Interest income InvestmentIncomeInterest $38.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $213.00K USD 1 Quarter
Interest expense InterestExpense $1.19M USD 1 Quarter
Interest expense InterestExpense $7.00K USD 1 Quarter
Foreign exchange and other - (gain) loss ForeignCurrencyTransactionGainLossandOtherNonoperatingIncome $-1.83M USD 1 Quarter
Foreign exchange and other - (gain) loss ForeignCurrencyTransactionGainLossandOtherNonoperatingIncome $112.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $16.86M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-38.92M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-1.26M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $6.35M USD 1 Quarter
Losses from equity method investments IncomeLossFromEquityMethodInvestments $-2.72M USD 1 Quarter
Losses from equity method investments IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Net income (loss) NetIncomeLoss $10.51M USD 1 Quarter
Net income (loss) NetIncomeLoss $-40.38M USD 1 Quarter
Basic income (loss) per share (in Dollars per Share) EarningsPerShareBasic $0.40 USD 1 Quarter
Basic income (loss) per share (in Dollars per Share) EarningsPerShareBasic $-0.83 USD 1 Quarter
Diluted income (loss) per share (in Dollars per Share) EarningsPerShareDiluted $-0.83 USD 1 Quarter
Diluted income (loss) per share (in Dollars per Share) EarningsPerShareDiluted $0.40 USD 1 Quarter
Shares used in computing basic income (loss) per share (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 48.92M shares 1 Quarter
Shares used in computing basic income (loss) per share (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 26.02M shares 1 Quarter
Shares used in computing diluted income (loss) per share (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 48.92M shares 1 Quarter
Shares used in computing diluted income (loss) per share (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 26.27M shares 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $10.51M USD 1 Quarter
Net income (loss) NetIncomeLoss $-40.38M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.99M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $23.57M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.49M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $6.12M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $1.28M USD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit $2.77M USD 1 Quarter
Impairment of intangible assets ImpairmentOfIntangibleAssetsFinitelived - USD 1 Quarter
Impairment of intangible assets ImpairmentOfIntangibleAssetsFinitelived $448.00K USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets1 - USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets1 $-150.00K USD 1 Quarter
Loss from equity method investments IncomeLossFromEquityMethodInvestments - USD 1 Quarter
Loss from equity method investments IncomeLossFromEquityMethodInvestments $-2.72M USD 1 Quarter
Unrealized (gain) loss in foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $697.00K USD 1 Quarter
Unrealized (gain) loss in foreign currency transactions ForeignCurrencyTransactionGainLossBeforeTax $-109.00K USD 1 Quarter
Restructuring reserve IncreaseDecreaseInRestructuringReserve $22.01M USD 1 Quarter
Restructuring reserve IncreaseDecreaseInRestructuringReserve - USD 1 Quarter
Other OtherNoncashIncomeExpense $-3.29M USD 1 Quarter
Other OtherNoncashIncomeExpense - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $8.44M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $3.75M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.09M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-10.80M USD 1 Quarter
Other current and non-current assets IncreaseDecreaseInOtherOperatingAssets $16.03M USD 1 Quarter
Other current and non-current assets IncreaseDecreaseInOtherOperatingAssets $1.32M USD 1 Quarter
Current and non-current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $5.21M USD 1 Quarter
Current and non-current liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $6.02M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $16.17M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $9.60M USD 1 Quarter
Purchase of short-term investments PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm - USD 1 Quarter
Purchase of short-term investments PaymentsForProceedsFromHeldtomaturitySecuritiesShortterm $6.99M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $7.00M USD 1 Quarter
Maturities of short-term investments ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities - USD 1 Quarter
Purchase of property, plant and equipment and other PaymentsToAcquirePropertyPlantAndEquipment $8.14M USD 1 Quarter
Purchase of property, plant and equipment and other PaymentsToAcquirePropertyPlantAndEquipment $1.20M USD 1 Quarter
Intangible assets purchases PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Intangible assets purchases PaymentsToAcquireIntangibleAssets $820.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-1.20M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-8.95M USD 1 Quarter
Short-term borrowing ProceedsFromShortTermDebt - USD 1 Quarter
Short-term borrowing ProceedsFromShortTermDebt $14.08M USD 1 Quarter
Short-term repayments RepaymentsOfShortTermDebt - USD 1 Quarter
Short-term repayments RepaymentsOfShortTermDebt $24.43M USD 1 Quarter
Repayment of long-term debt obligations RepaymentsOfLongTermDebt - USD 1 Quarter
Repayment of long-term debt obligations RepaymentsOfLongTermDebt $569.00K USD 1 Quarter
Repayment of trade receivable advances RepaymentsOfLongtermLoansFromVendors - USD 1 Quarter
Repayment of trade receivable advances RepaymentsOfLongtermLoansFromVendors $16.08M USD 1 Quarter
Loans to equity-method investees PaymentsToMinorityShareholders - USD 1 Quarter
Loans to equity-method investees PaymentsToMinorityShareholders $2.85M USD 1 Quarter
Proceeds from exercise of options and SARS for common stock ProceedsFromStockOptionsExercised $2.54M USD 1 Quarter
Proceeds from exercise of options and SARS for common stock ProceedsFromStockOptionsExercised $170.00K USD 1 Quarter
Realized excess tax benefits - stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $705.00K USD 1 Quarter
Realized excess tax benefits - stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.61M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $8.35M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Cash settlement of compensation-based stock units CashSettlementOfCompensationPlanShareBasedUnits $384.00K USD 1 Quarter
Cash settlement of compensation-based stock units CashSettlementOfCompensationPlanShareBasedUnits - USD 1 Quarter
Other financial assets and liabilities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities - USD 1 Quarter
Other financial assets and liabilities PaymentsForProceedsFromDerivativeInstrumentFinancingActivities $482.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-27.07M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-6.95M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $1.27M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-51.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $7.97M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-25.14M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $87.47M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $124.19M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $112.61M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $116.21M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $112.61M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $116.21M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $124.19M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $87.47M USD Point-in-time
Cash paid for interest InterestPaid $1.00K USD 1 Quarter
Cash paid for interest InterestPaid $602.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaidNet $3.60M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaidNet $3.32M USD 1 Quarter
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $1.81B USD Point-in-time
Balance StockholdersEquity $1.83B USD Point-in-time
Balance (shares) CommonStockSharesIssued 48.87M shares Point-in-time
Balance (shares) CommonStockSharesIssued 49.01M shares Point-in-time
Stock-based compensation plans StockIssuedDuringPeriodValueShareBasedCompensation $9.03M USD 1 Quarter
Net income (loss) NetIncomeLoss $10.51M USD 1 Quarter
Net income (loss) NetIncomeLoss $-40.38M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $45.12M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-477.00K USD 1 Quarter
Balance StockholdersEquity $1.81B USD Point-in-time
Balance StockholdersEquity $1.83B USD Point-in-time
Balance (shares) CommonStockSharesIssued 48.87M shares Point-in-time
Balance (shares) CommonStockSharesIssued 49.01M shares Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $10.51M USD 1 Quarter
Net income (loss) NetIncomeLoss $-40.38M USD 1 Quarter
Net change in unrealized loss on derivatives OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent $-3.77M USD 1 Quarter
Net change in unrealized loss on derivatives OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent - USD 1 Quarter
Tax effect OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-386.00K USD 1 Quarter
Tax effect OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent - USD 1 Quarter
Net OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent - USD 1 Quarter
Net OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-3.38M USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-477.00K USD 1 Quarter
Foreign currency translation adjustment, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $48.50M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $45.12M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-477.00K USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $4.74M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTax $10.04M USD 1 Quarter

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

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