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Globus Medical GMED Other operating expenses

Discontinued — last reported Q3 '24

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Segments

By segment

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Reportable Segment$55.36M-6.6%

Other financials

Income statement

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Revenue$789.6M+5.9%
Gross profit$548.2M+10.4%
Operating income$182.4M+140%
Net income$151.6M-25.3%
EPS (diluted)$1.10-26.2%

Balance sheet

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Cash & equivalents$507.7M+121%
Total debt$112.3M-7.6%
Total equity$4.8B+11.0%
Total assets$5.5B+10.6%

Cash flow

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Operating cash flow$209.7M+169%
CapEx$33.2M-28.8%
Free cash flow$176.6M+464%

Valuation

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Market cap$10.93B+52.9%
Enterprise value$10.54B+49.6%
P/E20.4×+0.4×
P/S3.5×+0.8×

Profitability

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Gross margin68.5%+5.8pp
Operating margin20.3%+9.6pp
Net margin17%+3.4pp
FCF margin24%+3.9pp

Returns & leverage

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Return on equity11.8%+3.2pp
Debt / equity0.0×
Current ratio4.6×+0.5×

Where this comes from

Reported directly by Globus Medical in its filing.

Tagged under the XBRL concept us-gaap:GoodwillOtherIncreaseDecrease.

The source filing: Globus Medical’s 10-Q, filed November 5, 2024.

Filed
Nov 5, 2024
Fiscal quarter
Q3 FY2024
Calendar quarter
Q3 2024
Accession
0001562762-24-000254
(In thousands)
December 31, 2022$197,471
Additions and adjustments1,235,890
Foreign exchange1,179
December 31, 20231,434,540
Additions and adjustments(2,993)
Foreign exchange119
September 30, 2024$1,431,666

Item 1. Financial Statements

FAQ

What is Globus Medical's other operating expenses?
Globus Medical (GMED) reported other operating expenses of -$680.2M in Q3 2024.
How has Globus Medical's other operating expenses changed year-over-year?
Globus Medical's other operating expenses decreased by 374.4% year-over-year, from $247.85M to -$680.2M.
What is the long-term trend for Globus Medical's other operating expenses?
Over 2 years (2021 to 2023), Globus Medical's other operating expenses has grown at a 27.4% compound annual growth rate (CAGR), from $546.93M to $887.16M.
What does other operating expenses mean?
Residual operating expenses not classified into specific categories, serving as a catch-all for miscellaneous operating costs.

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