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LivaNova (LIVN) Financials

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$45.51 +0.34 (+0.75%)
Closing price 06/20/2025 04:00 PM Eastern
Extended Trading
$45.52 +0.01 (+0.01%)
As of 06/20/2025 05:45 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for LivaNova

Annual Income Statements for LivaNova

This table shows LivaNova's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
-86 18 63
Consolidated Net Income / (Loss)
-86 18 63
Net Income / (Loss) Continuing Operations
-86 18 63
Total Pre-Tax Income
-75 -81 88
Total Operating Income
-77 -68 129
Total Gross Profit
707 771 871
Total Revenue
1,022 1,154 1,253
Operating Revenue
1,022 1,154 1,253
Total Cost of Revenue
315 382 383
Operating Cost of Revenue
315 382 383
Total Operating Expenses
784 840 742
Selling, General & Admin Expense
469 518 526
Research & Development Expense
156 194 183
Other Operating Expenses / (Income)
30 38 33
Impairment Charge
129 90 0.00
Total Other Income / (Expense), net
1.61 -13 -41
Interest Expense
48 59 89
Other Income / (Expense), net
50 46 48
Income Tax Expense
11 -99 25
Other Gains / (Losses), net
-0.05 -0.10 -0.02
Basic Earnings per Share
($1.61) $0.33 $1.17
Weighted Average Basic Shares Outstanding
53.47M 53.94M 54.24M
Diluted Earnings per Share
($1.61) $0.32 $1.16
Weighted Average Diluted Shares Outstanding
53.47M 54.21M 54.57M
Weighted Average Basic & Diluted Shares Outstanding
53.56M 53.96M 54.35M

Quarterly Income Statements for LivaNova

This table shows LivaNova's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-107 1.66 7.37 1.16 -7.32 16 -42 16 33 56 -327
Consolidated Net Income / (Loss)
-107 1.66 7.37 1.16 -7.32 16 -42 16 33 56 -327
Net Income / (Loss) Continuing Operations
-107 1.66 7.37 1.16 -7.32 16 -42 16 33 56 -327
Total Pre-Tax Income
-106 6.39 9.77 5.28 -1.98 -94 -34 22 44 56 -316
Total Operating Income
-132 14 -2.34 17 4.46 -88 16 40 36 37 49
Total Gross Profit
171 184 174 205 202 190 207 219 225 219 221
Total Revenue
253 275 263 294 286 310 295 319 318 322 317
Operating Revenue
253 275 263 294 286 310 295 319 318 322 317
Total Cost of Revenue
82 91 89 89 84 120 88 100 93 102 96
Operating Cost of Revenue
82 91 89 89 84 120 88 100 93 102 96
Total Operating Expenses
303 170 176 188 197 278 191 179 190 182 172
Selling, General & Admin Expense
115 120 124 126 135 133 130 129 132 136 134
Research & Development Expense
36 45 50 51 47 46 46 45 49 43 38
Other Operating Expenses / (Income)
23 5.02 2.31 11 16 8.68 16 4.84 9.18 3.40 0.61
Total Other Income / (Expense), net
26 -7.57 12 -12 -6.44 -6.31 -50 -19 8.82 19 -364
Interest Expense
13 13 13 15 15 16 41 16 16 16 15
Other Income / (Expense), net
39 5.80 26 2.71 8.55 9.32 -9.07 -3.05 25 35 -349
Income Tax Expense
1.30 4.70 2.37 4.10 5.31 -111 7.72 5.23 12 0.59 12
Other Gains / (Losses), net
0.06 -0.03 -0.03 -0.03 -0.03 -0.02 -0.03 -0.03 0.04 - -0.02
Basic Earnings per Share
($2.01) $0.03 $0.14 $0.02 ($0.14) $0.31 ($0.78) $0.30 $0.61 $1.04 ($6.01)
Weighted Average Basic Shares Outstanding
53.53M 53.47M 53.62M 53.80M 53.99M 53.94M 54.01M 54.24M 54.35M 54.24M 54.42M
Diluted Earnings per Share
($2.01) $0.04 $0.14 $0.02 ($0.14) $0.30 ($0.78) $0.30 $0.60 $1.04 ($6.01)
Weighted Average Diluted Shares Outstanding
53.53M 53.47M 53.90M 53.98M 53.99M 54.21M 54.01M 54.59M 54.59M 54.57M 54.42M
Weighted Average Basic & Diluted Shares Outstanding
53.52M 53.56M 53.77M 53.88M 53.87M 53.96M 54.15M 54.30M 54.30M 54.35M 54.53M

Annual Cash Flow Statements for LivaNova

This table details how cash moves in and out of LivaNova's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
308 62 146
Net Cash From Operating Activities
70 75 183
Net Cash From Continuing Operating Activities
70 75 184
Net Income / (Loss) Continuing Operations
-86 18 63
Consolidated Net Income / (Loss)
-86 18 63
Depreciation Expense
48 50 42
Amortization Expense
32 30 30
Non-Cash Adjustments To Reconcile Net Income
176 140 62
Changes in Operating Assets and Liabilities, net
-99 -163 -14
Net Cash From Investing Activities
-38 -40 -48
Net Cash From Continuing Investing Activities
-38 -40 -48
Purchase of Property, Plant & Equipment
-27 -35 -47
Acquisitions
-8.86 0.00 0.00
Purchase of Investments
-2.95 -6.50 -1.14
Other Investing Activities, net
-0.09 1.15 0.09
Net Cash From Financing Activities
280 21 19
Net Cash From Continuing Financing Activities
280 21 19
Repayment of Debt
-221 -21 -318
Repurchase of Common Equity
-3.29 0.00 -5.94
Issuance of Debt
508 50 336
Other Financing Activities, net
-3.43 -7.48 6.68
Effect of Exchange Rate Changes
-4.01 6.19 -7.75
Cash Interest Paid
19 37 39
Cash Income Taxes Paid
1.22 -1.62 16

Quarterly Cash Flow Statements for LivaNova

This table details how cash moves in and out of LivaNova's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents
100 9.34 7.34 11 -1.64 45 38 17 33 57 15
Net Cash From Operating Activities
36 19 21 -18 18 54 9.98 43 51 79 24
Net Cash From Continuing Operating Activities
36 19 21 -18 18 54 9.98 43 51 80 24
Net Income / (Loss) Continuing Operations
-107 1.66 7.37 1.16 -7.32 16 -42 16 33 56 -327
Consolidated Net Income / (Loss)
-107 1.66 7.37 1.16 -7.32 16 -42 16 33 56 -327
Depreciation Expense
12 12 12 12 13 12 11 10 11 11 6.42
Amortization Expense
6.83 8.07 7.66 6.98 6.87 8.18 7.44 7.13 8.04 7.82 14
Non-Cash Adjustments To Reconcile Net Income
106 51 -16 6.88 12 137 47 16 -2.74 2.28 373
Changes in Operating Assets and Liabilities, net
19 -54 9.23 -45 -6.22 -120 -13 -6.62 2.16 3.42 -42
Net Cash From Investing Activities
-5.83 -11 -11 -6.66 -10 -12 -6.36 -13 -19 -11 -11
Net Cash From Continuing Investing Activities
-5.83 -11 -11 -6.66 -10 -12 -6.36 -13 -19 -11 -11
Purchase of Property, Plant & Equipment
-6.04 -9.13 -7.69 -5.66 -8.72 -13 -6.40 -12 -18 -10 -11
Other Investing Activities, net
0.36 0.21 1.34 -0.72 -0.18 0.72 0.04 -0.04 0.10 -0.01 0.16
Net Cash From Financing Activities
73 -1.66 -5.24 36 -4.28 -5.02 37 -12 -3.28 -3.44 -4.42
Net Cash From Continuing Financing Activities
73 -1.66 -5.24 36 -4.28 -5.02 37 -12 -3.28 -3.44 -4.42
Repayment of Debt
-220 2.90 -3.66 -9.74 -3.13 -4.51 -305 -3.94 -4.45 -4.38 -4.42
Issuance of Debt
289 - 0.00 50 - - 336 - - - 0.00
Other Financing Activities, net
- -8.03 -1.58 -4.25 -1.15 -0.51 8.46 -4.13 1.40 0.95 0.00
Effect of Exchange Rate Changes
-3.53 3.25 3.30 -0.02 -5.44 8.35 -2.95 -1.48 4.26 -7.58 5.96

Annual Balance Sheets for LivaNova

This table presents LivaNova's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets
2,295 2,430 2,506
Total Current Assets
886 988 1,127
Cash & Equivalents
214 267 429
Restricted Cash
301 311 295
Accounts Receivable
183 215 193
Inventories, net
129 148 148
Prepaid Expenses
26 27 32
Current Deferred & Refundable Income Taxes
32 20 31
Plant, Property, & Equipment, net
147 154 170
Total Noncurrent Assets
1,261 1,287 1,209
Goodwill
769 783 750
Intangible Assets
369 261 237
Noncurrent Deferred & Refundable Income Taxes
1.38 119 112
Other Noncurrent Operating Assets
123 124 110
Total Liabilities & Shareholders' Equity
2,295 2,430 2,506
Total Liabilities
1,087 1,152 1,186
Total Current Liabilities
297 335 392
Short-Term Debt
23 18 78
Accounts Payable
74 81 70
Accrued Expenses
81 107 118
Current Deferred & Payable Income Tax Liabilities
17 23 32
Current Employee Benefit Liabilities
72 95 81
Other Current Liabilities
29 11 13
Total Noncurrent Liabilities
790 817 794
Long-Term Debt
518 569 550
Noncurrent Deferred & Payable Income Tax Liabilities
8.52 12 11
Noncurrent Employee Benefit Liabilities
17 17 13
Other Noncurrent Operating Liabilities
246 220 221
Commitments & Contingencies
0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,208 1,278 1,320
Total Preferred & Common Equity
1,208 1,278 1,320
Total Common Equity
1,208 1,278 1,320
Common Stock
2,240 2,272 2,304
Retained Earnings
-984 -966 -903
Treasury Stock
-0.38 -0.06 -0.14
Accumulated Other Comprehensive Income / (Loss)
-48 -28 -80

Quarterly Balance Sheets for LivaNova

This table presents LivaNova's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets
2,213 2,295 2,342 2,329 2,460 2,453 2,522 2,559
Total Current Assets
851 903 942 954 1,040 1,047 1,093 1,171
Cash & Equivalents
231 214 223 234 309 329 346 738
Restricted Cash
275 309 311 299 306 304 320 0.00
Accounts Receivable
172 178 186 190 209 201 197 202
Inventories, net
122 142 156 162 153 155 162 154
Prepaid Expenses
24 35 39 44 39 36 43 47
Current Deferred & Refundable Income Taxes
26 24 26 26 23 22 24 29
Plant, Property, & Equipment, net
139 149 150 149 152 158 169 178
Total Noncurrent Assets
1,222 1,243 1,250 1,226 1,267 1,248 1,260 1,210
Goodwill
742 774 779 767 772 766 782 762
Intangible Assets
365 364 357 348 254 248 249 237
Noncurrent Deferred & Refundable Income Taxes
1.42 1.53 2.11 1.51 114 113 110 109
Other Noncurrent Operating Assets
114 103 111 110 128 121 119 102
Total Liabilities & Shareholders' Equity
2,213 2,295 2,342 2,329 2,460 2,453 2,522 2,559
Total Liabilities
1,066 1,068 1,101 1,104 1,238 1,211 1,212 1,524
Total Current Liabilities
288 316 288 295 328 303 324 742
Short-Term Debt
22 22 19 19 20 20 22 80
Accounts Payable
70 76 78 63 76 81 78 88
Accrued Expenses
79 96 82 90 94 98 105 469
Current Deferred & Payable Income Tax Liabilities
12 22 20 22 30 23 27 40
Current Employee Benefit Liabilities
58 80 67 75 91 65 77 53
Other Current Liabilities
48 19 22 27 17 16 16 13
Total Noncurrent Liabilities
778 751 813 809 910 908 888 783
Long-Term Debt
518 520 568 568 605 605 604 549
Noncurrent Deferred & Payable Income Tax Liabilities
6.53 8.63 8.92 9.93 11 11 12 11
Noncurrent Employee Benefit Liabilities
18 16 17 16 17 16 15 13
Other Noncurrent Operating Liabilities
236 206 219 215 278 275 257 210
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
1,147 1,227 1,241 1,225 1,222 1,243 1,310 1,034
Total Preferred & Common Equity
1,147 1,227 1,241 1,225 1,222 1,243 1,310 1,034
Total Common Equity
1,147 1,227 1,241 1,225 1,222 1,243 1,310 1,034
Common Stock
2,226 2,245 2,252 2,263 2,276 2,288 2,296 2,309
Retained Earnings
-986 -977 -976 -983 -1,008 -992 -959 -1,231
Treasury Stock
-0.38 -0.32 -0.10 -0.06 -0.48 -0.20 -0.16 -1.43
Accumulated Other Comprehensive Income / (Loss)
-93 -41 -36 -55 -45 -53 -27 -43

Annual Metrics And Ratios for LivaNova

This table displays calculated financial ratios and metrics derived from LivaNova's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - -
Revenue Growth
-1.31% 12.89% 8.66%
EBITDA Growth
-25.97% 10.14% 333.82%
EBIT Growth
-90.95% 16.80% 890.52%
NOPAT Growth
-9,689.80% 10.75% 292.77%
Net Income Growth
36.50% 120.34% 260.39%
EPS Growth
39.93% 119.88% 262.50%
Operating Cash Flow Growth
-31.81% 7.14% 144.33%
Free Cash Flow Firm Growth
-73.05% -358.98% 253.21%
Invested Capital Growth
-6.99% 4.29% -4.83%
Revenue Q/Q Growth
0.47% 3.15% 0.94%
EBITDA Q/Q Growth
39.74% -62.97% 147.44%
EBIT Q/Q Growth
36.88% -129.42% 581.81%
NOPAT Q/Q Growth
-16.37% -1,034.95% 3,168.48%
Net Income Q/Q Growth
7.30% 511.79% 167.01%
EPS Q/Q Growth
5.85% 433.33% 176.19%
Operating Cash Flow Q/Q Growth
-17.45% 88.90% 15.64%
Free Cash Flow Firm Q/Q Growth
-72.66% -7.08% 1,082.92%
Invested Capital Q/Q Growth
4.48% 0.51% -3.57%
Profitability Metrics
- - -
Gross Margin
69.21% 66.86% 69.48%
EBITDA Margin
5.11% 4.99% 19.91%
Operating Margin
-7.51% -5.94% 10.30%
EBIT Margin
-2.63% -1.94% 14.11%
Profit (Net Income) Margin
-8.44% 1.52% 5.04%
Tax Burden Percent
114.78% -21.60% 71.60%
Interest Burden Percent
279.42% 363.05% 49.93%
Effective Tax Rate
0.00% 0.00% 28.38%
Return on Invested Capital (ROIC)
-4.20% -3.81% 7.36%
ROIC Less NNEP Spread (ROIC-NNEP)
-117.48% 374.07% 74.37%
Return on Net Nonoperating Assets (RNNOA)
-2.70% 5.22% -2.49%
Return on Equity (ROE)
-6.89% 1.41% 4.87%
Cash Return on Invested Capital (CROIC)
3.04% -8.00% 12.31%
Operating Return on Assets (OROA)
-1.20% -0.95% 7.17%
Return on Assets (ROA)
-3.84% 0.74% 2.56%
Return on Common Equity (ROCE)
-6.89% 1.41% 4.87%
Return on Equity Simple (ROE_SIMPLE)
-7.14% 1.37% 4.79%
Net Operating Profit after Tax (NOPAT)
-54 -48 92
NOPAT Margin
-5.26% -4.16% 7.37%
Net Nonoperating Expense Percent (NNEP)
113.28% -377.87% -67.01%
Return On Investment Capital (ROIC_SIMPLE)
-3.07% -2.57% 4.75%
Cost of Revenue to Revenue
30.79% 33.14% 30.52%
SG&A Expenses to Revenue
45.92% 44.92% 41.99%
R&D to Revenue
15.25% 16.80% 14.56%
Operating Expenses to Revenue
76.73% 72.80% 59.18%
Earnings before Interest and Taxes (EBIT)
-27 -22 177
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
52 58 250
Valuation Ratios
- - -
Price to Book Value (P/BV)
2.46 2.18 1.90
Price to Tangible Book Value (P/TBV)
42.30 11.94 7.55
Price to Revenue (P/Rev)
2.91 2.42 2.01
Price to Earnings (P/E)
0.00 158.86 39.77
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.63% 2.51%
Enterprise Value to Invested Capital (EV/IC)
2.43 2.17 1.98
Enterprise Value to Revenue (EV/Rev)
2.93 2.42 1.93
Enterprise Value to EBITDA (EV/EBITDA)
57.40 48.60 9.69
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 13.68
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 26.17
Enterprise Value to Operating Cash Flow (EV/OCF)
42.88 37.32 13.21
Enterprise Value to Free Cash Flow (EV/FCFF)
77.00 0.00 15.65
Leverage & Solvency
- - -
Debt to Equity
0.45 0.46 0.48
Long-Term Debt to Equity
0.43 0.45 0.42
Financial Leverage
0.02 0.01 -0.03
Leverage Ratio
1.80 1.90 1.90
Compound Leverage Factor
5.02 6.90 0.95
Debt to Total Capital
30.96% 31.47% 32.22%
Short-Term Debt to Total Capital
1.34% 0.97% 4.00%
Long-Term Debt to Total Capital
29.62% 30.50% 28.22%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00%
Common Equity to Total Capital
69.04% 68.53% 67.78%
Debt to EBITDA
10.37 10.20 2.51
Net Debt to EBITDA
0.50 0.15 -0.38
Long-Term Debt to EBITDA
9.92 9.88 2.20
Debt to NOPAT
-10.08 -12.24 6.79
Net Debt to NOPAT
-0.48 -0.18 -1.04
Long-Term Debt to NOPAT
-9.64 -11.86 5.95
Altman Z-Score
1.75 1.66 1.85
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00%
Liquidity Ratios
- - -
Current Ratio
2.98 2.95 2.87
Quick Ratio
1.34 1.44 1.59
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
39 -101 155
Operating Cash Flow to CapEx
263.68% 214.16% 388.56%
Free Cash Flow to Firm to Interest Expense
0.81 -1.71 1.74
Operating Cash Flow to Interest Expense
1.45 1.27 2.07
Operating Cash Flow Less CapEx to Interest Expense
0.90 0.68 1.54
Efficiency Ratios
- - -
Asset Turnover
0.45 0.49 0.51
Accounts Receivable Turnover
5.55 5.79 6.14
Inventory Turnover
2.67 2.76 2.59
Fixed Asset Turnover
6.88 7.66 7.73
Accounts Payable Turnover
4.42 4.93 5.08
Days Sales Outstanding (DSO)
65.81 63.00 59.44
Days Inventory Outstanding (DIO)
136.46 132.36 140.94
Days Payable Outstanding (DPO)
82.56 74.07 71.83
Cash Conversion Cycle (CCC)
119.71 121.29 128.55
Capital & Investment Metrics
- - -
Invested Capital
1,234 1,286 1,224
Invested Capital Turnover
0.80 0.92 1.00
Increase / (Decrease) in Invested Capital
-93 53 -62
Enterprise Value (EV)
2,999 2,796 2,419
Market Capitalization
2,973 2,787 2,515
Book Value per Share
$22.56 $23.72 $24.31
Tangible Book Value per Share
$1.31 $4.33 $6.13
Total Capital
1,749 1,864 1,948
Total Debt
542 587 628
Total Long-Term Debt
518 569 550
Net Debt
26 8.78 -96
Capital Expenditures (CapEx)
27 35 47
Debt-free, Cash-free Net Working Capital (DFCFNWC)
97 93 90
Debt-free Net Working Capital (DFNWC)
612 671 813
Net Working Capital (NWC)
589 653 735
Net Nonoperating Expense (NNE)
33 -65 29
Net Nonoperating Obligations (NNO)
26 8.78 -96
Total Depreciation and Amortization (D&A)
79 80 73
Debt-free, Cash-free Net Working Capital to Revenue
9.45% 8.10% 7.14%
Debt-free Net Working Capital to Revenue
59.91% 58.19% 64.87%
Net Working Capital to Revenue
57.62% 56.62% 58.64%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
($1.61) $0.33 $1.17
Adjusted Weighted Average Basic Shares Outstanding
53.47M 53.94M 54.24M
Adjusted Diluted Earnings per Share
($1.61) $0.32 $1.16
Adjusted Weighted Average Diluted Shares Outstanding
53.47M 54.21M 54.57M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
53.56M 53.96M 54.35M
Normalized Net Operating Profit after Tax (NOPAT)
37 15 92
Normalized NOPAT Margin
3.61% 1.30% 7.37%
Pre Tax Income Margin
-7.35% -7.04% 7.05%
Debt Service Ratios
- - -
EBIT to Interest Expense
-0.56 -0.38 2.00
NOPAT to Interest Expense
-1.11 -0.81 1.04
EBIT Less CapEx to Interest Expense
-1.11 -0.97 1.47
NOPAT Less CapEx to Interest Expense
-1.66 -1.41 0.51
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
-3.82% 0.00% 9.39%

Quarterly Metrics And Ratios for LivaNova

This table displays calculated financial ratios and metrics derived from LivaNova's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-0.24% 1.78% 9.68% 15.63% 13.27% 12.83% 11.96% 8.40% 11.19% 3.77% 7.44%
EBITDA Growth
-249.50% 59.49% 32.59% -27.98% 143.71% -245.61% -41.60% 38.35% 140.64% 256.46% -1,210.55%
EBIT Growth
-411.11% 388.38% 73.06% -39.83% 113.92% -498.25% -69.08% 84.78% 363.71% 191.83% -4,286.20%
NOPAT Growth
-903.64% -78.71% -134.27% -85.87% 103.38% -1,769.29% 741.22% 681.92% 745.39% 159.48% 199.26%
Net Income Growth
-147.09% 132.40% 146.24% -92.98% 93.18% 883.68% -669.10% 1,314.11% 550.30% 242.07% -680.40%
EPS Growth
-139.29% 166.67% 133.33% -93.33% 93.03% 650.00% -657.14% 1,400.00% 528.57% 246.67% -670.51%
Operating Cash Flow Growth
48.78% -44.14% -19.62% -75.11% -49.11% 188.50% -51.92% 341.71% 181.18% 45.87% 140.12%
Free Cash Flow Firm Growth
-76.89% -40.65% -11.40% 103.95% -199.98% -218.82% -54.47% 71.76% 138.06% 186.22% 1,115.68%
Invested Capital Growth
-13.77% -6.99% -4.82% -3.58% 8.41% 4.29% -1.33% -4.54% -0.80% -4.83% -24.84%
Revenue Q/Q Growth
-0.61% 8.82% -4.17% 11.56% -2.64% 8.39% -4.91% 8.02% -0.14% 1.17% -1.55%
EBITDA Q/Q Growth
-236.71% 153.06% 8.41% -8.41% -17.04% -276.78% 143.48% 116.98% 44.30% 14.94% -408.60%
EBIT Q/Q Growth
-379.87% 121.14% 17.46% -13.43% -35.25% -704.82% 109.12% 417.37% 62.49% 19.77% -515.74%
NOPAT Q/Q Growth
-435.29% 103.99% -148.07% 319.51% -19.84% -2,073.76% 118.46% 167.68% -13.34% 38.87% -7.11%
Net Income Q/Q Growth
-752.79% 101.55% 343.71% -84.33% -733.59% 323.27% -356.70% 138.94% 101.76% 69.61% -685.64%
EPS Q/Q Growth
-770.00% 101.99% 250.00% -85.71% -800.00% 314.29% -360.00% 138.46% 100.00% 73.33% -677.88%
Operating Cash Flow Q/Q Growth
447.93% -47.52% 10.98% -186.41% 201.11% 197.52% -81.50% 334.39% 17.62% 54.35% -69.55%
Free Cash Flow Firm Q/Q Growth
107.32% 0.15% -36.30% -15.46% -285.39% -19.03% 124.40% 218.94% -58.91% 169.60% 244.11%
Invested Capital Q/Q Growth
-11.98% 4.48% 1.08% 3.72% -1.03% 0.51% -4.36% 0.35% 2.84% -3.57% -24.48%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
67.66% 66.76% 66.09% 69.82% 70.53% 61.32% 70.32% 68.70% 70.81% 68.16% 69.68%
EBITDA Margin
-29.71% 14.49% 16.39% 13.46% 11.47% -18.70% 8.55% 17.17% 24.82% 28.19% -88.37%
Operating Margin
-52.24% 5.08% -0.89% 5.91% 1.56% -28.37% 5.51% 12.61% 11.20% 11.50% 15.34%
EBIT Margin
-36.99% 7.19% 8.81% 6.84% 4.55% -25.37% 2.43% 11.65% 18.96% 22.45% -94.79%
Profit (Net Income) Margin
-42.49% 0.60% 2.80% 0.39% -2.56% 5.27% -14.22% 5.13% 10.36% 17.37% -103.30%
Tax Burden Percent
101.17% 25.98% 75.45% 21.88% 369.97% -17.33% 122.64% 75.65% 74.15% 98.96% 103.70%
Interest Burden Percent
113.55% 32.37% 42.09% 26.28% -15.21% 119.86% -476.66% 58.16% 73.68% 78.18% 105.09%
Effective Tax Rate
0.00% 73.57% 24.27% 77.59% 0.00% 0.00% 0.00% 24.21% 25.93% 1.04% 0.00%
Return on Invested Capital (ROIC)
-29.17% 1.07% -0.55% 1.09% 0.99% -18.18% 3.69% 9.15% 8.08% 11.37% 12.71%
ROIC Less NNEP Spread (ROIC-NNEP)
-62.28% -6.00% 47.93% -3.80% -22.70% 431.45% -372.91% -53.95% 101.10% -32.83% 729.19%
Return on Net Nonoperating Assets (RNNOA)
-2.29% -0.14% 0.72% -0.17% -0.84% 6.02% -4.31% -0.97% 0.56% 1.10% -32.61%
Return on Equity (ROE)
-31.46% 0.93% 0.17% 0.92% 0.15% -12.17% -0.62% 8.17% 8.64% 12.47% -19.89%
Cash Return on Invested Capital (CROIC)
11.17% 3.04% 0.09% -1.83% -7.66% -8.00% -1.48% 3.14% 1.02% 12.31% 38.85%
Operating Return on Assets (OROA)
-17.04% 3.27% 3.91% 3.17% 2.24% -12.39% 1.21% 5.88% 9.71% 11.40% -48.18%
Return on Assets (ROA)
-19.57% 0.27% 1.24% 0.18% -1.26% 2.57% -7.09% 2.59% 5.30% 8.82% -52.51%
Return on Common Equity (ROCE)
-31.46% 0.93% 0.17% 0.92% 0.15% -12.17% -0.62% 8.17% 8.64% 12.47% -19.89%
Return on Equity Simple (ROE_SIMPLE)
-8.11% 0.00% -6.67% -7.83% 0.23% 0.00% -2.60% -1.34% 1.81% 0.00% -21.48%
Net Operating Profit after Tax (NOPAT)
-92 3.69 -1.77 3.89 3.12 -62 11 30 26 37 34
NOPAT Margin
-36.57% 1.34% -0.67% 1.32% 1.09% -19.86% 3.86% 9.56% 8.29% 11.38% 10.74%
Net Nonoperating Expense Percent (NNEP)
33.11% 7.07% -48.48% 4.89% 23.69% -449.63% 376.60% 63.10% -93.02% 44.19% -716.47%
Return On Investment Capital (ROIC_SIMPLE)
- 0.21% - - - -3.30% - - - 1.88% 2.05%
Cost of Revenue to Revenue
32.34% 33.24% 33.91% 30.18% 29.47% 38.68% 29.68% 31.30% 29.19% 31.84% 30.32%
SG&A Expenses to Revenue
45.38% 43.51% 47.12% 42.83% 47.11% 42.99% 44.03% 40.53% 41.39% 42.14% 42.19%
R&D to Revenue
14.14% 16.35% 18.98% 17.40% 16.27% 14.89% 15.48% 14.04% 15.34% 13.46% 11.95%
Operating Expenses to Revenue
119.91% 61.69% 66.98% 63.91% 68.97% 89.69% 64.81% 56.09% 59.61% 56.66% 54.33%
Earnings before Interest and Taxes (EBIT)
-93 20 23 20 13 -79 7.18 37 60 72 -300
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-75 40 43 40 33 -58 25 55 79 91 -280
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.37 2.46 1.90 2.23 2.33 2.18 2.47 2.39 2.18 1.90 2.06
Price to Tangible Book Value (P/TBV)
68.71 42.30 26.28 26.60 25.73 11.94 15.42 13.02 10.19 7.55 59.65
Price to Revenue (P/Rev)
2.67 2.91 2.23 2.55 2.55 2.42 2.55 2.45 2.30 2.01 1.67
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 993.49 158.86 0.00 0.00 120.46 39.77 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.10% 0.63% 0.00% 0.00% 0.83% 2.51% 0.00%
Enterprise Value to Invested Capital (EV/IC)
2.33 2.43 1.89 2.18 2.27 2.17 2.46 2.40 2.22 1.98 2.19
Enterprise Value to Revenue (EV/Rev)
2.71 2.93 2.25 2.60 2.60 2.42 2.55 2.45 2.27 1.93 1.59
Enterprise Value to EBITDA (EV/EBITDA)
73.62 57.40 37.45 59.34 18.69 48.60 76.49 54.09 27.88 9.69 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 38.18 0.00 0.00 0.00 108.42 13.68 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 566.21 0.00 0.00 0.00 994.51 26.17 17.92
Enterprise Value to Operating Cash Flow (EV/OCF)
32.49 42.88 36.29 49.30 73.22 37.32 47.20 23.60 17.77 13.21 10.28
Enterprise Value to Free Cash Flow (EV/FCFF)
19.32 77.00 2,079.96 0.00 0.00 0.00 0.00 74.59 215.32 15.65 4.84
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.47 0.45 0.44 0.47 0.48 0.46 0.51 0.50 0.48 0.48 0.61
Long-Term Debt to Equity
0.45 0.43 0.42 0.46 0.46 0.45 0.50 0.49 0.46 0.42 0.53
Financial Leverage
0.04 0.02 0.02 0.04 0.04 0.01 0.01 0.02 0.01 -0.03 -0.04
Leverage Ratio
1.80 1.80 1.87 1.85 1.91 1.90 1.94 1.93 1.91 1.90 2.22
Compound Leverage Factor
2.04 0.58 0.79 0.49 -0.29 2.28 -9.25 1.12 1.41 1.49 2.34
Debt to Total Capital
32.01% 30.96% 30.65% 32.12% 32.39% 31.47% 33.83% 33.47% 32.34% 32.22% 37.81%
Short-Term Debt to Total Capital
1.29% 1.34% 1.26% 1.04% 1.05% 0.97% 1.07% 1.06% 1.13% 4.00% 4.78%
Long-Term Debt to Total Capital
30.72% 29.62% 29.39% 31.08% 31.34% 30.50% 32.76% 32.42% 31.21% 28.22% 33.02%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
67.99% 69.04% 69.35% 67.88% 67.61% 68.53% 66.17% 66.53% 67.66% 67.78% 62.19%
Debt to EBITDA
14.44 10.37 8.63 12.36 3.78 10.20 15.78 11.42 6.21 2.51 -11.30
Net Debt to EBITDA
0.90 0.50 0.31 1.11 0.35 0.15 0.22 -0.15 -0.40 -0.38 1.97
Long-Term Debt to EBITDA
13.86 9.92 8.28 11.96 3.66 9.88 15.28 11.06 5.99 2.20 -9.87
Debt to NOPAT
-11.69 -10.08 -8.75 -8.14 114.50 -12.24 -17.87 -32.93 221.44 6.79 5.56
Net Debt to NOPAT
-0.73 -0.48 -0.32 -0.73 10.62 -0.18 -0.25 0.42 -14.26 -1.04 -0.97
Long-Term Debt to NOPAT
-11.22 -9.64 -8.39 -7.88 110.79 -11.86 -17.31 -31.89 213.68 5.95 4.86
Altman Z-Score
1.53 1.82 1.51 1.75 1.80 1.59 1.73 1.81 1.82 1.71 0.48
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.96 2.98 2.86 3.27 3.23 2.95 3.17 3.45 3.37 2.87 1.58
Quick Ratio
1.40 1.34 1.24 1.42 1.43 1.44 1.58 1.75 1.68 1.59 1.27
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
96 96 61 52 -96 -114 28 89 37 99 340
Operating Cash Flow to CapEx
589.94% 204.76% 270.10% -316.96% 208.03% 417.66% 156.00% 356.66% 281.01% 756.36% 222.11%
Free Cash Flow to Firm to Interest Expense
7.60 7.21 4.57 3.50 -6.42 -7.33 0.68 5.74 2.31 6.26 22.22
Operating Cash Flow to Interest Expense
2.81 1.40 1.54 -1.21 1.21 3.45 0.24 2.79 3.21 4.99 1.57
Operating Cash Flow Less CapEx to Interest Expense
2.34 0.72 0.97 -1.59 0.63 2.63 0.09 2.01 2.07 4.33 0.86
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.46 0.45 0.44 0.46 0.49 0.49 0.50 0.50 0.51 0.51 0.51
Accounts Receivable Turnover
5.74 5.55 5.80 5.98 6.18 5.79 6.11 6.26 6.42 6.14 6.20
Inventory Turnover
2.37 2.67 2.58 2.55 2.49 2.76 2.57 2.52 2.47 2.59 2.55
Fixed Asset Turnover
6.97 6.88 7.04 7.41 7.75 7.66 7.87 7.87 7.79 7.73 7.73
Accounts Payable Turnover
4.49 4.42 4.44 4.60 5.34 4.93 5.02 4.91 5.69 5.08 4.78
Days Sales Outstanding (DSO)
63.54 65.81 62.94 61.04 59.07 63.00 59.71 58.35 56.88 59.44 58.89
Days Inventory Outstanding (DIO)
153.80 136.46 141.36 143.41 146.33 132.36 141.80 145.05 147.72 140.94 143.34
Days Payable Outstanding (DPO)
81.26 82.56 82.22 79.31 68.32 74.07 72.75 74.37 64.17 71.83 76.33
Cash Conversion Cycle (CCC)
136.08 119.71 122.08 125.14 137.08 121.29 128.76 129.03 140.42 128.55 125.89
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,181 1,234 1,247 1,293 1,280 1,286 1,230 1,235 1,270 1,224 925
Invested Capital Turnover
0.80 0.80 0.82 0.82 0.91 0.92 0.96 0.96 0.97 1.00 1.18
Increase / (Decrease) in Invested Capital
-189 -93 -63 -48 99 53 -17 -59 -10 -62 -306
Enterprise Value (EV)
2,752 2,999 2,354 2,818 2,904 2,796 3,027 2,961 2,812 2,419 2,025
Market Capitalization
2,719 2,973 2,334 2,765 2,849 2,787 3,018 2,969 2,853 2,515 2,135
Book Value per Share
$21.42 $22.56 $22.91 $23.07 $22.74 $23.72 $22.64 $22.95 $24.13 $24.31 $19.03
Tangible Book Value per Share
$0.74 $1.31 $1.66 $1.93 $2.06 $4.33 $3.63 $4.21 $5.16 $6.13 $0.66
Total Capital
1,687 1,749 1,770 1,828 1,813 1,864 1,846 1,868 1,936 1,948 1,663
Total Debt
540 542 542 587 587 587 624 625 626 628 629
Total Long-Term Debt
518 518 520 568 568 569 605 605 604 550 549
Net Debt
34 26 20 53 54 8.78 8.77 -7.95 -40 -96 -110
Capital Expenditures (CapEx)
6.04 9.13 7.69 5.66 8.72 13 6.40 12 18 10 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)
79 97 86 138 145 93 116 130 124 90 -229
Debt-free Net Working Capital (DFNWC)
585 612 609 673 677 671 732 763 791 813 509
Net Working Capital (NWC)
563 589 587 654 658 653 712 744 769 735 430
Net Nonoperating Expense (NNE)
15 2.03 -9.14 2.74 10 -78 53 14 -6.57 -19 361
Net Nonoperating Obligations (NNO)
34 26 20 53 54 8.78 8.77 -7.95 -40 -96 -110
Total Depreciation and Amortization (D&A)
18 20 20 19 20 21 18 18 19 18 20
Debt-free, Cash-free Net Working Capital to Revenue
7.73% 9.45% 8.25% 12.76% 12.95% 8.10% 9.81% 10.77% 9.99% 7.14% -17.98%
Debt-free Net Working Capital to Revenue
57.51% 59.91% 58.29% 62.02% 60.58% 58.19% 61.77% 63.11% 63.67% 64.87% 39.92%
Net Working Capital to Revenue
55.38% 57.62% 56.16% 60.26% 58.88% 56.62% 60.10% 61.48% 61.91% 58.64% 33.68%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($2.01) $0.03 $0.14 $0.02 ($0.14) $0.31 ($0.78) $0.30 $0.61 $1.04 ($6.01)
Adjusted Weighted Average Basic Shares Outstanding
53.53M 53.47M 53.62M 53.80M 53.99M 53.94M 54.01M 54.24M 54.35M 54.24M 54.42M
Adjusted Diluted Earnings per Share
($2.01) $0.04 $0.14 $0.02 ($0.14) $0.30 ($0.78) $0.30 $0.60 $1.04 ($6.01)
Adjusted Weighted Average Diluted Shares Outstanding
53.53M 53.47M 53.90M 53.98M 53.99M 54.21M 54.01M 54.59M 54.59M 54.57M 54.42M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
53.52M 53.56M 53.77M 53.88M 53.87M 53.96M 54.15M 54.30M 54.30M 54.35M 54.53M
Normalized Net Operating Profit after Tax (NOPAT)
-1.80 9.77 -1.77 12 3.12 -62 11 30 26 37 34
Normalized NOPAT Margin
-0.71% 3.56% -0.67% 4.14% 1.09% -19.86% 3.86% 9.56% 8.29% 11.38% 10.74%
Pre Tax Income Margin
-42.00% 2.33% 3.71% 1.80% -0.69% -30.41% -11.60% 6.78% 13.97% 17.55% -99.62%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-7.38 1.48 1.73 1.36 0.87 -5.04 0.17 2.39 3.80 4.58 -19.65
NOPAT to Interest Expense
-7.30 0.28 -0.13 0.26 0.21 -3.94 0.27 1.96 1.66 2.32 2.23
EBIT Less CapEx to Interest Expense
-7.86 0.79 1.16 0.97 0.29 -5.86 0.02 1.61 2.66 3.92 -20.36
NOPAT Less CapEx to Interest Expense
-7.77 -0.41 -0.70 -0.12 -0.37 -4.77 0.12 1.18 0.52 1.66 1.52
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% -3.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.39% 0.00%

Key Financial Trends

In Q1 2025, LivaNova reported operating revenue of $316.9 million, up 7.4% year-over-year, and maintained a strong gross margin of 69.7%. Operating income increased to $48.6 million, and free cash flow to the firm was a healthy $339.7 million. However, the quarter was weighed down by a $364.3 million other expense, resulting in a net loss of $327.3 million and EPS of –$6.01. Below are the key takeaways:

  • Revenue growth of 7.44% YoY, reaching $316.9 million
  • Robust gross margin of 69.7%, up from 68.2% in Q4 2024
  • Operating income rose to $48.6 million (+31% Q/Q)
  • Free cash flow to firm of $339.7 million
  • Cash & equivalents balance strong at $738.4 million
  • Invested capital of $924.7 million, down 24% Q/Q
  • Moderate leverage with debt-to-capital at 37.8%
  • Net loss widened to $327.3 million, driven by a $364.3 million other expense
  • Diluted EPS fell to –$6.01 from +$1.04 in Q4 2024
  • Net cash from operations declined ~70% Q/Q to $23.9 million
06/21/25 03:51 AMAI Generated. May Contain Errors.

Frequently Asked Questions About LivaNova's Financials

When does LivaNova's fiscal year end?

According to the most recent income statement we have on file, LivaNova's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has LivaNova's net income changed over the last 2 years?

LivaNova's net income appears to be on a downward trend, with a most recent value of $63.23 million in 2024, falling from -$86.25 million in 2022. The previous period was $17.55 million in 2023. View LivaNova's forecast to see where analysts expect LivaNova to go next.

What is LivaNova's operating income?
LivaNova's total operating income in 2024 was $129.05 million, based on the following breakdown:
  • Total Gross Profit: $870.87 million
  • Total Operating Expenses: $741.82 million
How has LivaNova's revenue changed over the last 2 years?

Over the last 2 years, LivaNova's total revenue changed from $1.02 billion in 2022 to $1.25 billion in 2024, a change of 22.7%.

How much debt does LivaNova have?

LivaNova's total liabilities were at $1.19 billion at the end of 2024, a 3.0% increase from 2023, and a 9.1% increase since 2022.

How much cash does LivaNova have?

In the past 2 years, LivaNova's cash and equivalents has ranged from $214.17 million in 2022 to $428.86 million in 2024, and is currently $428.86 million as of their latest financial filing in 2024.

How has LivaNova's book value per share changed over the last 2 years?

Over the last 2 years, LivaNova's book value per share changed from 22.56 in 2022 to 24.31 in 2024, a change of 7.8%.



This page (NASDAQ:LIVN) was last updated on 6/21/2025 by MarketBeat.com Staff
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