Wright Medical

Health clinics lifestyle surgical solutions

Wright Medical Group N.V. is a global medical device company focused on providing extremity and biologic solutions that enable clinicians to alleviate pain and restore their patients’ lifestyles. The company is a recognized leader of surgical solutions for the upper extremity (shoulder, elbow, wrist and hand), lower extremity (foot and ankle) and biologics markets, three of the fastest growing segments in orthopedics. For more information about Wright, visit www.wright.com. Wright Medical Group N.V. 1023 Cherry Road Memphis, TN 38117 (901) 867-9971

Type

Public

Memphis, US

Size (employees)

1,180 (est)

Website

wright.com

Wright Medical is headquartered in Memphis, US

Wright Medical Office Locations

Wright Medical has an office in Memphis

Memphis, US (HQ)

1023 Cherry Rd

Wright Medical Data and Metrics

Wright Medical Financial Metrics

Wright Medical's revenue was reported to be $690.4 m in FY, 2016 which is a 66% increase from the previous period.

Summary

USD

Wright Medical's current market capitalization is $2.8 b.

Income Statement

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	311 m	345 m	415.5 m	690.4 m
Revenue growth, %		11%	20%	66%
Cost of goods sold	59.7 m	19.1 m	55.4 m	49.8 m
Gross profit	251.2 m	325.9 m	360 m	640.6 m
Gross profit Margin, %	81%	94%	87%	93%
Operating expense total	248.9 m	282.9 m	486.2 m	197.3 m
EBIT	(24.1 m)	(21.4 m)	(190 m)	(80.3 m)
EBIT margin, %	(8%)	(6%)	(46%)	(12%)
Interest expense	16 m	5.3 m
Interest income	245 k	136 k
Pre tax profit	(230.4 m)	(27.9 m)
Income tax expense	49.8 m	(1.6 m)
Net Income	(36.4 m)	(29.5 m)	(298.7 m)	(432.4 m)

Balance Sheet

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	56.8 m	27.9 m	139.8 m	262.3 m
Accounts Receivable	55.6 m	63.6 m	131.1 m	130.6 m
Inventories	87 m	88.7 m	229.1 m	150.8 m
Current Assets	226.5 m	209.7 m	559.9 m	759.6 m
PP&E	43.5 m	44.7 m	240.8 m	201.7 m
Goodwill	251.5 m	244.8 m	876.3 m	851 m
Total Assets	705.4 m	658.6 m	2.1 b	2.3 b
Accounts Payable	17.3 m	15.1 m	30.9 m	32.9 m
Current Liabilities	76.3 m	84.5 m	206.9 m	474.5 m
Additional Paid-in Capital	769.5 m	783.3 m	1.8 b	1.9 b
Retained Earnings	(272.2 m)	(301.6 m)	(773.9 m)	(1.2 b)
Total Equity	525.8 m	478.9 m	1.1 b	686.9 m
Financial Leverage	1.3 x	1.4 x	2 x	3.3 x

Cash Flow

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(273.9 m)	(259.7 m)	(49.7 m)	(432.4 m)
Depreciation and Amortization	7.5 m	2.8 m	9.2 m	9 m
Accounts Receivable	(3.5 m)	(12 m)		(1.1 m)
Inventories	7.4 m	(21 m)		(187 k)
Accounts Payable	(1.3 m)	12.9 m		1.5 m
Cash From Operating Activities	(36.6 m)	(116 m)	(85 m)	37.8 m
Purchases of PP&E	(10.8 m)	(10.5 m)
Capital Expenditures	(37.5 m)	(48.6 m)		(50.1 m)
Cash From Investing Activities	(121.3 m)	145.6 m		(34.2 m)
Long-term Borrowings	(54.1 m)	(1.1 m)
Cash From Financing Activities	6.3 m	33.1 m		270.4 m
Interest Paid	6 m	4.2 m
Income Taxes Paid	1.7 m	2 m
Free Cash Flow	929 k	(67.4 m)		87.9 m