Shockwave Medical Inc., adjusted current assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	1,225,260)	459,263)	285,902)	246,300)	216,697)
Adjustments
Add: Allowance for doubtful accounts	2,179)	710)	350)	380)	194)
After Adjustment
Adjusted current assets	1,227,439)	459,973)	286,252)	246,680)	216,891)

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Shockwave Medical Inc., adjusted total assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	1,566,563)	646,089)	345,682)	272,042)	231,938)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for doubtful accounts	2,179)	710)	350)	380)	194)
Less: Deferred tax assets²	99,169)	97,568)	—)	—)	—)
After Adjustment
Adjusted total assets	1,469,573)	549,231)	346,032)	272,422)	232,132)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Shockwave Medical Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	897,886)	134,773)	103,852)	46,388)	39,285)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	3,609)	—)	—)	—)	—)
After Adjustment
Adjusted total liabilities	894,277)	134,773)	103,852)	46,388)	39,285)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Shockwave Medical Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Stockholders’ equity	668,677)	511,316)	241,830)	225,654)	192,653)
Adjustments
Less: Net deferred tax assets (liabilities)¹	95,560)	97,568)	—)	—)	—)
Add: Allowance for doubtful accounts	2,179)	710)	350)	380)	194)
After Adjustment
Adjusted stockholders’ equity	575,296)	414,458)	242,180)	226,034)	192,847)

¹ Net deferred tax assets (liabilities). See details »

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Shockwave Medical Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Debt, current portion	—)	—)	5,500)	3,300)	6,667)
Convertible debt, noncurrent portion	731,863)	—)	—)	—)	—)
Debt, noncurrent portion	—)	24,198)	11,630)	13,319)	7,152)
Total reported debt	731,863)	24,198)	17,130)	16,619)	13,819)
Stockholders’ equity	668,677)	511,316)	241,830)	225,654)	192,653)
Total reported capital	1,400,540)	535,514)	258,960)	242,273)	206,472)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liability, current portion²	3,641)	1,278)	1,738)	873)	774)
Add: Operating lease liability, noncurrent portion³	35,103)	34,928)	28,321)	7,488)	8,125)
Adjusted total debt	770,607)	60,404)	47,189)	24,980)	22,718)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	95,560)	97,568)	—)	—)	—)
Add: Allowance for doubtful accounts	2,179)	710)	350)	380)	194)
Adjusted stockholders’ equity	575,296)	414,458)	242,180)	226,034)	192,847)
After Adjustment
Adjusted total capital	1,345,903)	474,862)	289,369)	251,014)	215,565)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liability, current portion. See details »

³ Operating lease liability, noncurrent portion. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Shockwave Medical Inc., adjusted net income (loss)

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income (loss)	147,278)	215,996)	(9,136)	(65,699)	(51,109)
Adjustments
Add: Deferred income tax expense (benefit)¹	14,708)	(97,276)	—)	—)	—)
Add: Increase (decrease) in allowance for doubtful accounts	1,469)	360)	(30)	186)	118)
Add: Other comprehensive income (loss)	1,160)	(665)	(211)	(26)	35)
After Adjustment
Adjusted net income (loss)	164,615)	118,415)	(9,377)	(65,539)	(50,956)

¹ Deferred income tax expense (benefit). See details »

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Shockwave Medical Inc. (NASDAQ:SWAV)

Adjustments to Financial Statements