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Acelity L.P. Inc. (1557939) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Acelity L.P. Inc.

CIK: 1557939



ACELITY L.P. INC. REPORTS
FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS FOR 2015

Total Revenue for the Fourth Quarter and Full Year of 2015 Grows 3.4% and 4.0%, respectively,
on a Constant Currency Basis

Fourth Quarter Financial Highlights

Revenue for the fourth quarter of 2015 of $483.8 million, grew 0.2% as reported on a GAAP basis from the prior-year period and grew 3.4% on a constant currency basis, bringing revenue for the full year of 2015 to $1.867 billion, which was comparable to the prior year as reported on a GAAP basis and up 4.0% on a constant currency basis

Revenue from Advanced Wound Therapeutics ("AWT") decreased 1.3% as reported on a GAAP basis and grew 2.5% on a constant currency basis, led by solid volume growth in advanced devices compared to the prior-year period

Revenue from Regenerative Medicine ("RM") grew 6.9% as reported on a GAAP basis and grew 8.4% on a constant currency basis, led by double-digit increases in revenue related to breast reconstruction procedures in the U.S.

Loss from continuing operations was $15.5 million, as reported on a GAAP basis, compared to $30.9 million for the prior-year period

Adjusted EBITDA from continuing operations1 of $183.5 million, declined 7.5% as reported from the prior-year period and was down 5.3% on a constant currency basis, achieving an Adjusted EBITDA margin of 37.9%


Operational Highlights

Closed the acquisition of the SNaP® business from Spiracur, Inc., expanding our offering in disposable, portable, mechanical negative pressure wound therapy ("NPWT") technology, allowing Acelity’s sales and service channels to support the expansion of the SNaP® Therapy System to patients and their care teams around the world who need access to NPWT devices

Returned the Regenerative Medicine segment to growth for the full year with two consecutive quarters of strong growth led by revenue from breast reconstruction procedures and international sales

Joe Woody, President and Chief Executive Officer, commented, “Our strong fourth quarter performance reflects the realization of strategic investments we’ve made in our business and employees to drive sustainable, long-term growth. With five consecutive quarters of organic revenue growth, 2015 marks a pivotal year for Acelity as we continue to execute our strategy.

“We delivered a solid quarter in both Advanced Wound Therapeutics and Regenerative Medicine, led by continued volume increases in advanced devices as well as double-digit growth in revenue from breast reconstruction procedures. Sales of our expansion products, led by Prevena™ and Revolve™, accelerated in the fourth quarter and continue to diversify our growth profile.

“We continue to provide value to our customers through focused innovation and an enhanced portfolio of offerings across our business. The solid momentum we generated in 2015 supports our confidence in our ability to sustain long-term growth.”





The following information was filed by Acelity L.P. Inc. on Tuesday, January 26, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii
Schedule Ii (details)
Consolidated Balance Sheets
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Operations
Accounting For Goodwill And Other Non-current Assets
Accounting For Goodwill And Other Non-current Assets (tables)
Accounting For Goodwill And Other Non-current Assets Debt Issuance Costs (details)
Accounting For Goodwill And Other Non-current Assets Schedule Of Definite-lived And Indefinite-lived Intangible Assets (details)
Accounting For Goodwill And Other Non-current Assets Schedule Of Estimated Amortization Expense (details)
Accounting For Goodwill And Other Non-current Assets Schedule Of Goodwill (details)
Acquisitions And Divestitures
Acquisitions And Divestitures Acquisitions (details)
Acquisitions And Divestitures Acquisitions And Divestitures (tables)
Acquisitions And Divestitures Divestitures (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Derivative Financial Instruments And Fair Value Measurements
Derivative Financial Instruments And Fair Value Measurements (tables)
Derivative Financial Instruments And Fair Value Measurements - Derivative Financial Instruments (details)
Derivative Financial Instruments And Fair Value Measurements - Fair Value And Balance Sheet Locations (details)
Derivative Financial Instruments And Fair Value Measurements - Gain (loss) On Derivatives (details)
Equity
Equity (details)
Guarantor Condensed Consolidating Financial Statements
Guarantor Condensed Consolidating Financial Statements (tables)
Guarantor Condensed Consolidating Financial Statements - Condensed Consolidated Balance Sheet (details)
Guarantor Condensed Consolidating Financial Statements - Condensed Consolidated Cash Flow (details)
Guarantor Condensed Consolidating Financial Statements - Condensed Consolidated Statement Of Operations And Comprehensive Income (loss) (details)
Incentive Compensation Plans
Incentive Compensation Plans - Equity-based Compensation Expense And 401(k) Recognized Costs (details)
Incentive Compensation Plans - Equity-based Plans (details)
Incentive Compensation Plans Incentive Compensation Plans (tables)
Income Taxes (benefit)
Income Taxes (benefit) (tables)
Income Taxes (benefit) - Reconciliation Of The Allowance For Uncertain Tax Positions (details)
Income Taxes (benefit) - Schedule Of Components Of Income Tax Expense (benefit) (details)
Income Taxes (benefit) - Schedule Of Deferred Tax Assets And Liabilities (details)
Income Taxes (benefit) - Schedule Of Effective Inome Tax Rate Reconciliation (details)
Income Taxes (benefit) - Schedule Of Income Before Income Tax, Domestic And Foreign (details)
Leasing Obligations
Leasing Obligations (tables)
Leasing Obligations - Narrative (details)
Leasing Obligations - Schedule Of Future Minimum Lease Payments (details)
Long-term Debt
Long-term Debt (details)
Long-term Debt (tables)
Other Comprehensive Income (loss)
Other Comprehensive Income (loss) (details)
Other Comprehensive Income (loss) (tables)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (details)
Quarterly Financial Data (unaudited) (tables)
Related Party Transactions
Related Party Transactions (details)
Segment And Geographic Information
Segment And Geographic Information (details)
Segment And Geographic Information (tables)
Segment And Geographic Information Information On Segment Assets (details)
Segment And Geographic Information Schedule Of Depreciation And Other Amortization (details)
Segment And Geographic Information Schedule Of Gross Capital Expenditures (details)
Segment And Geographic Information Schedule Of Information On The Geographical Location Of Select Financial Information (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Schedule Of Concentrations Of Accounts Receivable (details)
Supplemental Balance Sheet Data
Supplemental Balance Sheet Data (tables)
Supplemental Balance Sheet Data - Accounts Receivable, Net (details)
Supplemental Balance Sheet Data - Accrued Expenses And Other (details)
Supplemental Balance Sheet Data - Inventories, Net (details)
Supplemental Balance Sheet Data - Net Property, Plant, And Equipment (details)

Material Contracts, Statements, Certifications & more

Acelity L.P. Inc. provided additional information to their SEC Filing as exhibits

CIK: 1557939
Form Type: 10-K Annual Report
Accession Number: 0001557939-16-000077
Submitted to the SEC: Fri Mar 04 2016 7:11:18 PM EST
Accepted by the SEC: Mon Mar 07 2016
Period: Thursday, December 31, 2015
Industry: Surgical And Medical Instruments And Apparatus

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