Below are the financial statements of Globus Medical, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 2,519.36a | 1,568.48a | 1,022.84a |
| Cost of sales and operating expenses | — | — | — |
| Cost of sales (exclusive of amortization of intangibles) | -1,035.48a | -548.17a | -263.73a |
| Research and development | -163.75a | -124.01a | -73.02a |
| Selling, general and administrative | -981.05a | -643.41a | -432.12a |
| Provision for litigation, net | -0.31a | -0.43a | -2.34a |
| Amortization of intangibles | -119.37a | -51.03a | -17.74a |
| Acquisition-related costs | -29.62a | -68.27a | -5.96a |
| Restructuring costs | -23.77a | 0a | 0a |
| Operating income/(loss) | 165.99a | 133.14a | 227.95a |
| Other income/(expense), net | — | — | — |
| Interest income/(expense), net | -4.19a | 20.13a | 14.23a |
| Foreign currency transaction gain/(loss) | -43.29a | 14.26a | -1.02a |
| Other income/(expense) | 2.21a | -2.14a | 1.86a |
| Total other income/(expense), net | -45.27a | 32.25a | 15.07a |
| Income/(loss) before income taxes | 120.72a | 165.39a | 243.02a |
| Income tax provision/(benefit) | -17.74a | -42.52a | -52.85a |
| Net income/(loss) | 102.98a | 122.87a | 190.17a |
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