Annual Financials for Solventum Corporation (SOLV)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



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Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 8,246,000 8,241,000 8,130,000 8,171,000 7,281,000
Revenue Growth - 1.37% -0.50% 12.22%
Cost of Revenue 3,668,000 3,681,000 3,435,000 3,248,000 2,966,000
Gross Profit 4,578,000 4,560,000 4,695,000 4,923,000 4,315,000
Gross Profit Margin 55.54% 55.33% 57.75% 60.25% 59.26%
Research and Development 756,000 759,000 767,000 766,000 719,000
General and Administrative Expenses 2,453,000 2,321,000 2,235,000 2,278,000 2,166,000
Total Operating Expenses 3,209,000 3,080,000 3,002,000 3,044,000 2,885,000
Operating Income or Loss 1,369,000 1,480,000 1,693,000 1,879,000 1,430,000
Operating Margin 16.63% 17.96% 20.82% 23.00% 19.64%
Interest Expense 153,000 0 0 0 0
EBITDA 1,924,000 2,041,000 2,271,000 2,476,000 2,029,000
Depreciation and Amortization 555,000 561,000 578,000 597,000 599,000
Income Before Tax 887,000 910,000 1,692,000 1,882,000 1,440,000
Income Tax Expense 203,000 218,000 349,000 422,000 302,000
Net Income 684,000 692,000 1,343,000 1,460,000 1,138,000
Net Income Margin 8.35% 8.40% 16.52% 17.87% 15.63%
EPS 3.95 4.01 7.79 8.47 6.60
EPS Diluted 3.95 4.01 7.79 8.47 6.60
Weighted Average Shares Out - 172,466 172,466 172,466 172,466
Weighted Average Shares Out Diluted - 172,466 172,466 172,466 172,466

Reported Currency: USD Q2 2023-12-31 2022-12-31 2021-12-31
Current Assets
Cash and Cash Equivalents 897,000 600,000 61,000 91,000
Short Term Investments 0 0 0 0
Cash + Short Term Investments 897,000 600,000 61,000 91,000
Net Receivables 1,028,000 1,293,000 1,171,000 1,177,000
Inventory 899,000 869,000 873,000 813,000
Other Current Assets 539,000 154,000 126,000 108,000
Total Current Assets 3,363,000 2,916,000 2,231,000 2,189,000
Non-Current Assets
Property, Plant and Equipment 1,537,000 1,466,000 1,319,000 1,306,000
Goodwill 6,447,000 6,535,000 6,434,000 6,666,000
Intangible Assets 2,724,000 2,902,000 3,252,000 3,661,000
Long Term Investments -214,000 -320,000 -153,000 0
Tax Assets 214,000 320,000 153,000 0
Other Non-Current Assets 507,000 558,000 358,000 253,000
Total Non-Current Assets 11,215,000 11,461,000 11,363,000 11,886,000
Other Assets 0 0 0 0
Total Assets 14,578,000 14,377,000 13,594,000 14,075,000
Current Liabilities
Accounts Payable 495,000 468,000 348,000 320,000
Short Term Debt 611,000 29,000 233,000 325,000
Tax Payables 0 0 0 0
Deferred Revenue 505,000 574,000 559,000 574,000
Other Current Liabilities 960,000 700,000 171,000 187,000
Total Current Liabilities 2,571,000 1,771,000 1,311,000 1,406,000
Non-Current Liabilities
Long Term Debt 8,306,000 8,303,000 68,000 83,000
Deferred Revenue 0 431,000 -68,000 -83,000
Deferred Tax 214,000 239,000 215,000 218,000
Other Non-Current Liabilities 620,000 224,000 326,000 392,000
Total Non-Current Liabilities 9,140,000 9,197,000 541,000 610,000
Total Liabilities 11,711,000 10,968,000 1,852,000 2,016,000
Common Stock 2,000 2,000 12,239,000 12,259,000
Retained Earnings 89,000 0 0 0
Accumulated Other Comprehensive Income/Loss -943,000 -822,000 -497,000 -200,000
Total Stockholders Equity 2,867,000 3,409,000 11,742,000 12,059,000
Total Investments -214,000 -320,000 -153,000 0
Total Debt 8,917,000 8,303,000 95,000 83,000
Net Debt 8,020,000 7,703,000 34,000 -8,000

Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Flows from Operating Activities
Net Income 1,058,000 1,346,000 1,343,000 1,460,000 1,138,000
Depreciation & Amortization 555,000 561,000 578,000 597,000 599,000
Deferred Income Tax -129,000 -142,000 -141,000 -34,000 -54,000
Stock Based Compensation 73,000 39,000 37,000 38,000 35,000
Change in Working Capital 297,000 126,000 -202,000 67,000 234,000
Accounts Receivable -29,000 -129,000 -32,000 -1,000 41,000
Inventory -29,000 23,000 -82,000 -136,000 43,000
Accounts Payable 207,000 105,000 25,000 68,000 10,000
Other Working Capital 148,000 127,000 -113,000 136,000 140,000
Other Non-Cash Items 442,000 -15,000 64,000 74,000 74,000
Net Cash Provided by Operating Activities 1,837,000 1,915,000 1,679,000 2,202,000 2,026,000
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -314,000 -290,000 -251,000 -277,000 -271,000
Acquisitions Net 0 60,000 0 0 0
Purchases of Investments 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 469,000
Other Investing Activities 60,000 60,000 -2,000 -1,000 30,000
Net Cash Used for Investing Activities -254,000 -230,000 -253,000 -278,000 228,000
Cash Flows from Financing Activities
Debt Repayment -8,303,000 0 0 0 -445,000
Common Stock Issued 0 0 0 0 0
Common Stock Repurchased 0 0 0 0 0
Dividends Paid 0 0 0 0 0
Other Financing Activities -9,028,000 -1,552,000 -1,460,000 -1,960,000 -1,766,000
Net Cash Used Provided by Financing Activities -725,000 -1,552,000 -1,460,000 -1,960,000 -2,211,000
Effect of Forex Changes on Cash 0 0 4,000 3,000 -3,000
Net Change in Cash 858,000 133,000 -30,000 -33,000 40,000
Cash at End of Period 2,129,000 194,000 61,000 91,000 124,000
Cash at Start of Period 1,271,000 61,000 91,000 124,000 84,000
Free Cash Flow
Operating Cash Flow 1,837,000 1,915,000 1,679,000 2,202,000 2,026,000
Capital Expenditure -314,000 -290,000 -251,000 -277,000 -271,000
Free Cash Flow 1,523,000 1,625,000 1,428,000 1,925,000 1,755,000