NASDAQ : LIVN
LivaNova PLC — Financial statements
Healthcare · Medical Devices · United Kingdom
Last price 78.97 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.35B
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Financial statements
LivaNova PLC (LIVN) reported revenue of 1.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.47B | 1.39B | 1.25B | 1.15B | 1.02B | 1.04B |
| Cost of Revenue | 474.67M | 443.98M | 398.65M | 385.12M | 314.58M | 329.37M |
| Gross Profit | 996.85M | 944.07M | 854.78M | 768.42M | 707.23M | 705.99M |
| Selling, General & Admin | 583.58M | 548.81M | 508.88M | 502.70M | 469.24M | 471.90M |
| Research & Development | 202.76M | 182.16M | 180.51M | 193.82M | 155.81M | 183.41M |
| Other Operating Expenses | 2.96M | 1.70M | 2.35M | 616.00K | 1.78M | |
| Operating Expenses | 789.30M | 732.68M | 689.39M | 698.87M | 625.66M | 657.10M |
| Operating Income | 207.54M | 211.39M | 165.39M | 69.55M | 81.56M | 48.90M |
| Interest Expense | -34.54M | -49.29M | -63.07M | -58.85M | -48.25M | -50.15M |
| Interest & Investment Income | 15.74M | 18.98M | 30.07M | 22.01M | 5.00M | 3.85M |
| Earnings From Equity Investments | -988.00K | -51.00K | -18.00K | -104.00K | -53.00K | -148.00K |
| Currency Exchange Gain (Loss) | -31.66M | -2.74M | -4.88M | -705.00K | 378.00K | -1.24M |
| Other Non Operating Income (Expenses) | -38.98M | -18.31M | 21.22M | 24.82M | 44.48M | -15.91M |
| EBT Excluding Unusual Items | 117.12M | 159.98M | 148.72M | 56.72M | 83.12M | -14.70M |
| Merger & Restructuring Charges | 177.00K | 177.00K | -13.36M | -13.56M | -6.61M | -9.71M |
| Impairment of Goodwill | -129.40M | |||||
| Gain (Loss) on Sale of Investments | 11.40M | -4.73M | 1.39M | |||
| Gain (Loss) on Sale of Assets | 4.13M | 4.13M | -1.90M | |||
| Asset Writedown | -89.97M | |||||
| Legal Settlements | -18.57M | -369.93M | -19.69M | -34.52M | -22.31M | -38.07M |
| Other Unusual Items | -7.75M | -10.45M | -28.78M | -60.24M | ||
| Pretax Income | 106.52M | -220.83M | 88.29M | -81.33M | -75.19M | -124.62M |
| Income Tax Expense | -82.03M | 21.64M | 25.06M | -98.88M | 11.05M | 11.20M |
| Earnings From Continuing Operations | 188.55M | -242.47M | 63.23M | 17.55M | -86.25M | -135.82M |
| Net Income | 188.55M | -242.47M | 63.23M | 17.55M | -86.25M | -135.82M |
| Net Income to Common | 188.55M | -242.47M | 63.23M | 17.55M | -86.25M | -135.82M |
| Shares Outstanding (Basic) | 54.71M | 54.55M | 54.24M | 53.94M | 53.47M | 50.63M |
| Shares Outstanding (Diluted) | 55.35M | 54.55M | 54.57M | 54.21M | 53.47M | 50.63M |
| EPS (Basic) | 3.45 | -4.45 | 1.17 | 0.33 | -1.61 | -2.68 |
| EPS (Diluted) | 3.40 | -4.45 | 1.16 | 0.32 | -1.61 | -2.68 |
| Free Cash Flow | 148.31M | 173.29M | 135.93M | 39.93M | 43.40M | 77.07M |
| Free Cash Flow Per Share | 2.68 | 3.18 | 2.49 | 0.74 | 0.81 | 1.52 |
| Gross Margin | 67.74% | 68.01% | 68.19% | 66.61% | 69.21% | 68.19% |
| Operating Margin | 14.10% | 15.23% | 13.20% | 6.03% | 7.98% | 4.72% |
| Profit Margin | 12.81% | -17.47% | 5.04% | 1.52% | -8.44% | -13.12% |
| Free Cash Flow Margin | 10.08% | 12.48% | 10.85% | 3.46% | 4.25% | 7.44% |
| EBITDA | 260.14M | 257.65M | 207.71M | 119.76M | 129.13M | 99.95M |
| EBITDA Margin | 17.68% | 18.56% | 16.57% | 10.38% | 12.64% | 9.65% |
| D&A For EBITDA | 52.59M | 46.26M | 42.32M | 50.21M | 47.57M | 51.05M |
| EBIT | 207.54M | 211.39M | 165.39M | 69.55M | 81.56M | 48.90M |
| EBIT Margin | 14.10% | 15.23% | 13.20% | 6.03% | 7.98% | 4.72% |
| Effective Tax Rate | 28.38% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 516.62M | 635.55M | 428.86M | 266.50M | 214.17M | 207.99M |
| Trading Asset Securities | 1.33M | |||||
| Cash & Short-Term Investments | 516.62M | 635.55M | 428.86M | 266.50M | 215.50M | 207.99M |
| Accounts Receivable | 231.30M | 215.99M | 193.16M | 215.07M | 183.11M | 185.35M |
| Other Receivables | 14.90M | |||||
| Receivables | 246.20M | 215.99M | 193.16M | 215.07M | 183.11M | 185.35M |
| Inventory | 172.61M | 164.70M | 147.57M | 147.89M | 129.38M | 105.84M |
| Prepaid Expenses | 89.09M | 85.21M | 59.54M | 47.33M | 56.70M | 73.37M |
| Restricted Cash | 294.70M | 311.37M | 301.45M | |||
| Other Current Assets | 525.00K | 165.00K | 3.36M | 106.63M | ||
| Total Current Assets | 1.03B | 1.10B | 1.13B | 988.16M | 886.14M | 679.18M |
| Property, Plant & Equipment | 330.05M | 298.12M | 217.10M | 205.03M | 183.02M | 190.67M |
| Long-Term Investments | 15.27M | 20.29M | 25.08M | 22.84M | 16.27M | 16.60M |
| Goodwill | 779.14M | 792.84M | 750.01M | 782.94M | 768.79M | 899.52M |
| Other Intangible Assets | 217.00M | 229.96M | 237.29M | 261.18M | 368.56M | 399.68M |
| Long-Term Deferred Tax Assets | 198.75M | 110.98M | 111.86M | 118.86M | 1.38M | 2.20M |
| Other Long-Term Assets | 75.60M | 52.24M | 37.87M | 50.56M | 70.62M | 13.10M |
| Total Assets | 2.64B | 2.61B | 2.51B | 2.43B | 2.29B | 2.20B |
| Accounts Payable | 103.39M | 97.16M | 69.73M | 80.84M | 74.31M | 68.00M |
| Accrued Expenses | 116.02M | 135.85M | 140.85M | 138.28M | 111.06M | 107.35M |
| Short-Term Debt | 3.41M | 594.00K | 665.00K | 627.00K | 2.54M | 2.73M |
| Current Portion of Long-Term Debt | 175.00K | 30.88M | 77.34M | 17.48M | 20.89M | 226.95M |
| Current Portion of Leases | 8.79M | 8.79M | 9.04M | 8.36M | 9.38M | 11.26M |
| Current Income Taxes Payable | 22.07M | 33.13M | 32.46M | 23.34M | 16.50M | 15.14M |
| Current Unearned Revenue | 13.86M | 11.51M | 10.85M | 10.72M | 10.23M | 8.42M |
| Other Current Liabilities | 439.29M | 490.16M | 51.20M | 55.32M | 52.48M | 257.12M |
| Total Current Liabilities | 707.00M | 808.07M | 392.12M | 334.98M | 297.40M | 696.97M |
| Long-Term Debt | 289.91M | 345.19M | 549.62M | 568.54M | 518.07M | 9.85M |
| Long-Term Leases | 49.67M | 48.33M | 40.10M | 45.39M | 29.55M | 35.92M |
| Long-Term Unearned Revenue | 4.74M | 6.39M | 3.85M | 4.58M | 3.87M | 1.38M |
| Long-Term Deferred Tax Liabilities | 9.31M | 9.59M | 10.91M | 11.57M | 8.52M | 7.73M |
| Other Long-Term Liabilities | 254.90M | 188.50M | 189.51M | 186.88M | 229.75M | 154.46M |
| Total Liabilities | 1.32B | 1.41B | 1.19B | 1.15B | 1.09B | 906.31M |
| Common Stock | 84.60M | 84.56M | 83.16M | 82.53M | 82.42M | 82.30M |
| Additional Paid-In Capital | 2.27B | 2.25B | 2.22B | 2.19B | 2.16B | 2.12B |
| Retained Earnings | -1.01B | -1.15B | -903.25M | -966.48M | -984.03M | -897.78M |
| Treasury Stock | -732.00K | -1.17M | -136.00K | -55.00K | -375.00K | -650.00K |
| Comprehensive Income & Other | -14.39M | 7.33M | -80.17M | -27.88M | -48.12M | -7.18M |
| Shareholders' Equity | 1.33B | 1.20B | 1.32B | 1.28B | 1.21B | 1.29B |
| Total Liabilities & Equity | 2.64B | 2.61B | 2.51B | 2.43B | 2.29B | 2.20B |
| Total Debt | 351.95M | 433.77M | 676.77M | 640.40M | 580.43M | 286.70M |
| Net Cash (Debt) | 164.67M | 201.78M | -247.91M | -373.90M | -364.92M | -78.71M |
| Net Cash Per Share | 2.97 | 3.70 | -4.54 | -6.90 | -6.82 | -1.55 |
| Filing Date Shares Outstanding | 55.09M | 54.69M | 54.35M | 53.96M | 53.56M | 53.26M |
| Total Common Shares Outstanding | 55.05M | 54.65M | 54.35M | 53.92M | 53.56M | 53.26M |
| Working Capital | 318.04M | 293.54M | 735.06M | 653.17M | 588.74M | -17.79M |
| Book Value Per Share | 24.07 | 21.96 | 24.29 | 23.70 | 22.55 | 24.31 |
| Tangible Book Value | 329.18M | 177.18M | 332.96M | 233.51M | 70.28M | -4.56M |
| Tangible Book Value Per Share | 5.98 | 3.24 | 6.13 | 4.33 | 1.31 | -0.09 |
| Land | 13.63M | 12.10M | 14.90M | 14.64M | 15.10M | |
| Buildings | 107.05M | 87.74M | 84.54M | 80.61M | 79.47M | |
| Machinery | 213.01M | 179.57M | 233.34M | 206.89M | 195.92M | |
| Construction In Progress | 60.31M | 28.02M | 10.74M | 11.31M | 12.11M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 188.55M | -242.47M | 63.23M | 17.55M | -86.25M | -135.82M |
| Depreciation & Amortization | 63.71M | 59.63M | 51.14M | 60.86M | 57.80M | 67.99M |
| Other Amortization | 21.37M | 23.06M | 21.60M | 19.05M | 21.33M | 16.66M |
| Loss (Gain) From Sale of Assets | -4.13M | -4.13M | 1.94M | |||
| Asset Writedown & Restructuring Costs | 89.97M | 129.40M | ||||
| Loss (Gain) From Sale of Investments | -11.40M | 4.73M | -1.38M | |||
| Stock-Based Compensation | 44.49M | 36.29M | 33.93M | 36.35M | 44.81M | 40.56M |
| Other Operating Activities | -2.25M | 7.25M | 13.20M | -114.25M | -65.47M | 81.99M |
| Change in Accounts Receivable | -14.19M | -10.71M | 11.06M | -28.86M | -4.81M | -15.74M |
| Change in Inventory | -9.40M | -5.29M | -6.76M | -28.48M | -25.68M | 4.48M |
| Change in Accounts Payable | -12.99M | -13.45M | -14.48M | 19.19M | -3.51M | 12.99M |
| Change in Income Taxes | -11.59M | -3.59M | 10.85M | 7.36M | 1.38M | 103.00K |
| Change in Other Net Operating Assets | -2.92M | 403.00M | 630.00K | -3.83M | 928.00K | 27.39M |
| Operating Cash Flow | 249.26M | 254.34M | 183.04M | 74.91M | 69.92M | 102.54M |
| Capital Expenditures | -100.95M | -81.05M | -47.11M | -34.98M | -26.52M | -25.48M |
| Sale of Property, Plant & Equipment | 7.28M | 7.28M | 89.00K | 1.15M | ||
| Cash Acquisitions | -8.86M | -1.69M | ||||
| Divestitures | 42.95M | |||||
| Investment in Securities | -5.67M | 857.00K | -1.14M | -6.50M | -2.95M | 19.40M |
| Other Investing Activities | -476.00K | -88.00K | 1.73M | |||
| Investing Cash Flow | -99.81M | -72.91M | -48.16M | -40.33M | -38.41M | 36.90M |
| Long-Term Debt Issued | 335.51M | 50.00M | 507.55M | |||
| Total Debt Issued | 335.51M | 50.00M | 507.55M | |||
| Long-Term Debt Repaid | -280.93M | -247.55M | -21.62M | -223.54M | -452.26M | |
| Total Debt Repaid | -166.62M | -280.93M | -247.55M | -21.62M | -223.54M | -452.26M |
| Net Debt Issued (Repaid) | -166.62M | -280.93M | 87.97M | 28.38M | 284.01M | -452.26M |
| Issuance of Common Stock | 35.00K | 35.00K | 6.34M | 19.00K | 645.00K | 322.56M |
| Repurchase of Common Stock | -4.43M | -4.43M | -8.44M | -7.50M | -8.67M | -12.94M |
| Other Financing Activities | -51.94M | -338.00K | -67.32M | 592.00K | 4.15M | -38.84M |
| Financing Cash Flow | -222.95M | -285.66M | 18.55M | 21.48M | 280.13M | -181.48M |
| Foreign Exchange Rate Adjustments | -3.51M | 16.23M | -7.75M | 6.19M | -4.01M | -2.81M |
| Net Cash Flow | -77.02M | -88.00M | 145.68M | 62.25M | 307.63M | -44.84M |
| Free Cash Flow | 148.31M | 173.29M | 135.93M | 39.93M | 43.40M | 77.07M |
| Free Cash Flow Margin | 10.08% | 12.48% | 10.85% | 3.46% | 4.25% | 7.44% |
| Free Cash Flow Per Share | 2.68 | 3.18 | 2.49 | 0.74 | 0.81 | 1.52 |
| Levered Free Cash Flow | 59.87M | 834.25M | 143.42M | 80.87M | -272.65M | 254.65M |
| Unlevered Free Cash Flow | 60.09M | 841.99M | 161.24M | 98.60M | -263.83M | 269.33M |
| Cash Interest Paid | 31.07M | 31.07M | 38.89M | 36.91M | 19.04M | 32.57M |
| Cash Income Tax Paid | 29.37M | 29.37M | 15.91M | -1.62M | 1.22M | -13.58M |
| Change in Working Capital | -51.08M | 369.97M | 1.31M | -34.62M | -31.69M | 29.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.42B | 3.36B | 2.51B | 2.79B | 2.97B | 4.65B |
| Enterprise Value | 4.25B | 3.20B | 2.85B | 3.17B | 3.32B | 4.76B |
| Last Close Price | 78.97 | 61.53 | 46.31 | 51.74 | 55.54 | 87.43 |
| PE Ratio | 23.58 | 39.77 | 158.85 | |||
| Forward PE | 17.89 | 15.62 | 13.28 | 17.44 | 22.57 | 37.01 |
| PS Ratio | 3.01 | 2.42 | 2.01 | 2.42 | 2.91 | 4.50 |
| PB Ratio | 3.28 | 2.80 | 1.91 | 2.18 | 2.46 | 3.59 |
| P/TBV Ratio | 13.47 | 18.96 | 7.55 | 11.94 | 42.30 | |
| P/FCF Ratio | 29.89 | 19.39 | 18.50 | 69.80 | 68.49 | 60.38 |
| P/OCF Ratio | 17.78 | 13.21 | 13.74 | 37.21 | 42.51 | 45.38 |
| PEG Ratio | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | |
| EV/Sales Ratio | 2.90 | 2.31 | 2.27 | 2.75 | 3.25 | 4.60 |
| EV/EBITDA Ratio | 16.41 | 12.42 | 13.71 | 26.50 | 25.70 | 47.63 |
| EV/EBIT Ratio | 20.56 | 15.14 | 17.22 | 45.64 | 40.70 | 97.36 |
| EV/FCF Ratio | 28.78 | 18.47 | 20.95 | 79.49 | 76.47 | 61.77 |
| Debt / Equity Ratio | 0.27 | 0.36 | 0.51 | 0.50 | 0.48 | 0.22 |
| Debt / EBITDA Ratio | 1.28 | 1.60 | 3.07 | 4.87 | 4.13 | 2.38 |
| Debt / FCF Ratio | 2.37 | 2.50 | 4.98 | 16.04 | 13.37 | 3.72 |
| Net Debt / Equity Ratio | -0.12 | -0.17 | 0.19 | 0.29 | 0.30 | 0.06 |
| Net Debt / EBITDA Ratio | -0.63 | -0.78 | 1.19 | 3.12 | 2.83 | 0.79 |
| Net Debt / FCF Ratio | -1.11 | -1.16 | 1.82 | 9.36 | 8.41 | 1.02 |
| Asset Turnover | 0.57 | 0.54 | 0.51 | 0.49 | 0.46 | 0.45 |
| Inventory Turnover | 2.81 | 2.84 | 2.70 | 2.78 | 2.67 | 2.98 |
| Quick Ratio | 1.08 | 1.05 | 1.59 | 1.44 | 1.34 | 0.56 |
| Current Ratio | 1.45 | 1.36 | 2.88 | 2.95 | 2.98 | 0.97 |
| Return on Equity (ROE) | 15.40% | -19.24% | 4.87% | 1.41% | -6.89% | -11.30% |
| Return on Assets (ROA) | 5.04% | 5.17% | 4.19% | 1.84% | 2.27% | 1.33% |
| Return on Invested Capital (ROIC) | 19.08% | 16.47% | 7.36% | 4.32% | 5.54% | 3.33% |
| Return on Capital Employed (ROCE) | 10.70% | 11.80% | 7.80% | 3.30% | 4.10% | 3.30% |
| Earnings Yield | 4.24% | -7.22% | 2.51% | 0.63% | -2.90% | -2.92% |
| FCF Yield | 3.35% | 5.16% | 5.41% | 1.43% | 1.46% | 1.66% |
| Buyback Yield / Dilution | -1.77% | 0.05% | -0.67% | -1.38% | -5.61% | -4.20% |