Akorn, inc (AKRX)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS
Cash and cash equivalents

72,181

144,804

205,542

178,264

184,090

224,868

275,346

296,782

309,377

368,119

345,380

322,742

307,425

200,772

174,050

156,294

140,998

346,266

314,465

257,090

123,532

70,679

131,466

107,916

45,606

34,178

75,598

58,412

45,863

40,781

38,402

24,410

28,338

83,962

126,608

134,483

41,623

Trade accounts receivable, net

187,218

134,173

142,871

172,611

174,325

153,126

163,715

187,318

177,053

141,383

188,839

177,591

233,682

283,154

262,999

205,005

172,183

150,621

138,920

130,812

190,710

187,545

127,972

128,774

65,500

64,998

61,544

57,707

58,998

51,017

44,536

37,066

31,508

25,307

19,861

16,949

11,270

Inventories, net

172,597

170,047

167,701

162,593

162,752

173,645

194,782

191,041

192,963

183,568

182,488

181,549

172,325

174,793

179,679

187,966

190,869

185,316

175,851

156,315

149,403

135,197

132,116

113,666

62,013

55,982

56,722

56,703

53,958

52,495

50,230

46,575

41,343

35,456

30,488

26,814

18,917

Deferred taxes, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,871

40,717

39,564

38,411

63,976

39,893

8,038

7,945

6,945

7,385

7,886

9,190

6,380

4,469

6,715

8,153

12,505

-

0

Available-for-sale securities

-

-

-

-

-

-

-

-

-

-

0

0

1,310

1,106

1,143

1,480

4,901

5,941

5,637

5,632

5,558

7,268

10,804

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

58,868

31,023

17,842

24,307

29,286

32,180

35,165

27,613

25,623

37,081

46,162

22,008

21,208

25,986

26,326

43,201

21,069

19,988

22,102

16,447

35,118

37,061

27,332

12,277

4,559

5,753

4,448

4,836

3,951

5,224

3,896

3,968

2,995

3,071

3,063

3,787

1,803

TOTAL CURRENT ASSETS

490,864

480,047

533,956

537,775

550,453

583,819

669,008

702,754

705,016

730,151

762,869

703,890

735,950

685,811

644,197

593,946

530,020

708,132

698,846

607,013

543,885

476,161

493,666

402,526

185,716

168,856

205,257

185,043

170,656

158,707

143,444

116,488

110,899

155,949

192,525

182,033

73,613

PROPERTY, PLANT AND EQUIPMENT, NET

294,499

295,533

322,119

325,098

325,970

334,853

333,310

328,909

325,218

313,418

297,679

276,936

252,656

238,404

216,041

195,724

186,258

179,614

177,433

179,239

175,991

144,196

139,374

135,464

87,675

82,108

80,510

81,033

82,285

80,679

78,152

76,310

72,870

44,389

40,500

37,498

32,731

OTHER LONG-TERM ASSETS
Goodwill

0

267,923

267,923

267,923

267,923

283,879

283,217

284,115

284,980

285,310

284,922

285,054

285,031

284,293

284,584

284,379

284,716

284,710

284,708

285,356

285,674

285,283

285,881

186,365

30,437

29,831

29,565

30,487

32,284

32,159

32,369

30,179

32,685

11,863

11,788

14,749

0

Intangible assets, net

209,659

215,801

243,926

253,301

263,644

284,976

416,552

459,812

537,478

569,484

697,085

720,000

743,158

758,854

-

-

-

864,989

699,443

674,687

689,490

704,791

671,127

429,788

122,933

115,900

60,062

61,220

62,463

63,654

64,186

65,498

66,510

67,822

21,125

16,057

3,122

Right-of-use assets, net - Operating leases

21,982

22,445

23,016

22,542

21,973

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income Tax Assets, Net

-

-

-

-

-

-

6,100

6,319

6,190

6,521

9,175

8,225

7,042

5,286

5,038

4,758

4,381

4,207

3,337

2,982

2,643

2,084

1,746

2,451

3,330

1,643

1,194

1,013

1,221

930

1,938

-2,428

-3,824

0

5,817

-

0

Product licensing rights, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

601,237

625,611

638,858

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets, net - Operating leases

-

-

-

-

-

0

-

-

-

-

-

-

-

-

208,834

209,644

210,453

-

212,360

251,283

254,590

255,612

251,156

34,803

14,283

14,605

14,971

15,547

16,316

16,731

17,375

17,458

18,360

13,016

-

-

0

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,263

22,612

22,687

23,704

25,172

18,666

5,473

5,676

5,014

2,667

2,874

3,078

3,279

3,476

3,671

3,864

3,635

3,719

1,545

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

9

114

130

130

129

129

130

129

211

211

10,971

10,012

10,006

10,323

10,311

10,420

10,299

10,284

10,269

10,254

10,137

10,000

-

0

Other non-current assets

15,271

6,890

7,424

7,520

7,228

7,730

7,003

4,647

4,590

4,627

2,198

2,239

1,900

1,063

866

921

1,031

764

748

1,282

1,248

1,863

2,377

579

3,556

3,180

2,791

2,927

3,578

3,328

200

138

112

105

338

1,268

105

TOTAL OTHER LONG-TERM ASSETS

246,912

513,059

542,289

551,286

560,768

576,585

712,872

754,893

833,238

865,942

993,380

1,015,518

1,037,131

1,049,505

1,100,673

1,125,443

1,139,569

1,154,799

1,224,988

1,238,332

1,256,462

1,273,548

1,237,670

683,623

190,024

180,841

123,920

124,172

129,156

130,179

129,631

127,018

131,592

106,807

46,886

35,793

4,772

TOTAL ASSETS

1,032,275

1,288,639

1,398,364

1,414,159

1,437,191

1,495,257

1,715,190

1,786,556

1,863,472

1,909,511

2,053,928

1,996,344

2,025,737

1,973,720

1,960,911

1,915,113

1,855,847

2,042,545

2,101,267

2,024,584

1,976,338

1,893,905

1,870,710

1,221,613

463,415

431,805

409,687

390,248

382,097

369,565

351,227

319,816

315,361

307,145

279,911

255,324

111,116

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable

31,118

44,958

52,389

38,420

38,419

39,570

59,323

50,663

60,337

51,976

55,340

42,770

50,647

59,534

55,172

48,323

45,929

46,019

57,765

45,536

57,971

47,317

38,205

43,454

30,632

22,999

22,143

21,393

20,270

21,784

17,478

15,931

15,922

17,874

11,560

10,707

4,894

Purchase consideration payable

-

-

-

-

-

-

0

201

201

3,901

4,994

4,994

4,994

4,994

4,987

4,981

4,974

4,967

4,936

4,904

12,367

10,970

24,216

24,003

18,898

14,728

16,005

16,038

16,179

16,113

14,910

14,648

14,091

13,841

-

-

0

Income taxes payable

181

0

165

13,955

13,925

-

6,739

6,792

7,592

15,775

4,714

2,832

41,707

16,198

4,762

1,242

13,247

23,670

15,489

3,525

-

-

-

-

8,739

1,459

198

594

4,932

-

-

-

-

-

-

-

-

Accrued royalties

8,953

5,956

7,285

5,862

7,079

6,786

4,306

6,627

4,973

5,902

5,993

4,304

8,168

15,044

12,724

12,676

13,724

19,378

14,452

13,716

13,948

13,204

14,533

7,072

6,480

6,004

6,504

5,561

5,492

5,768

-

-

-

206

-

-

-

Accrued compensation

24,563

13,005

29,695

19,762

16,529

19,745

23,433

17,239

14,956

12,286

22,164

17,244

13,543

19,113

18,552

13,095

16,156

15,866

15,958

11,286

8,375

13,467

12,977

11,058

4,453

7,692

5,155

4,473

2,144

7,533

4,816

3,461

5,865

5,094

3,660

2,896

3,396

Accrued administrative fees

30,537

31,725

32,400

27,453

28,165

36,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of accrued legal fees and contingencies

14,873

23,673

40,891

82,576

-

15,542

35,883

35,763

30,798

38,598

39,019

29,017

31,885

36,436

31,418

30,871

31,399

37,094

46,929

45,229

36,312

40,870

8,898

4,475

2,110

2,544

1,996

2,307

2,250

2,204

-

-

-

1,154

-

-

-

Current portion of lease liability - Operating leases

2,401

2,290

2,334

2,472

2,238

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued acquisition related compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,250

3,063

-

-

-

-

-

Contingent consideration payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,349

-

-

-

-

Accrued expenses and other liabilities

19,350

20,652

12,235

12,926

12,721

-

62,890

60,946

33,074

14,358

51,095

27,699

23,900

24,236

27,879

27,608

26,287

31,603

28,767

20,813

14,428

14,576

31,957

18,829

6,929

5,819

8,644

4,823

6,123

6,002

13,750

5,985

5,614

3,961

6,064

4,672

3,473

Current portion of long-term debt (net of deferred financing costs)

853,627

843,328

838,517

828,282

-

0

-

-

-

-

-

-

-

-

0

0

42,857

52,779

53,450

53,971

10,450

10,450

10,494

4,500

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance from unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,177

TOTAL CURRENT LIABILITIES

985,603

985,587

1,015,911

1,031,708

168,786

170,823

192,574

178,231

151,931

171,089

183,319

128,860

174,844

175,555

155,494

138,796

194,573

231,376

237,746

198,980

153,851

150,854

141,280

113,391

78,241

61,245

44,640

39,151

41,211

43,291

39,294

28,440

30,750

28,289

21,284

18,275

21,940

LONG-TERM LIABILITIES
Long-term debt (net of non-current deferred financing costs)

-

-

0

0

821,715

820,411

819,107

817,803

816,499

815,195

813,891

812,587

811,283

809,979

808,675

807,370

807,142

994,033

1,024,100

1,026,713

1,110,458

1,114,481

1,146,585

706,420

109,825

108,750

107,694

106,656

105,637

104,637

103,653

102,688

101,740

100,808

99,893

98,903

0

Deferred tax liability

0

225

943

937

530

566

2,511

19,929

35,598

43,404

157,859

157,867

157,749

157,607

176,814

180,393

180,610

188,808

248,279

256,035

263,466

269,428

270,775

115,428

-

-

803

825

1,534

1,991

1,686

-

-

3,742

-

-

-

Uncertain tax liabilities

2,684

2,633

2,285

52,516

51,410

49,990

-

-

-

40,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term lease liability - Operating leases

21,427

22,021

22,562

21,877

21,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term portion of accrued legal fees and contingencies

31,160

33,000

37,000

38,500

49,710

0

-

-

-

28,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension obligations and other liabilities

10,895

10,881

7,255

7,469

7,521

9,601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease incentive obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,004

1,050

1,125

Product warranty liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,299

1,299

1,299

1,299

1,299

1,299

1,299

1,299

1,299

Other long-term liabilities

-

-

-

-

-

-

48,710

48,758

48,928

8,278

11,481

11,758

11,449

11,395

9,932

10,244

6,935

6,763

6,640

6,910

6,388

2,836

2,679

2,165

1,634

1,630

1,699

1,386

1,147

1,153

874

953

1,003

958

-

-

-

TOTAL LONG-TERM LIABILITIES

66,166

68,760

70,045

121,299

902,656

880,568

870,328

886,490

901,025

907,177

983,231

982,212

980,481

978,981

995,421

998,007

994,687

1,189,604

1,279,019

1,289,658

1,380,312

1,386,745

1,420,039

824,013

111,459

110,380

126,201

124,905

125,796

125,193

122,422

122,016

121,957

120,648

108,013

101,252

2,424

TOTAL LIABILITIES

1,051,769

1,054,347

1,085,956

1,153,007

1,071,442

1,051,391

1,062,902

1,064,721

1,052,956

1,078,266

1,166,550

1,111,072

1,155,325

1,154,536

1,150,915

1,136,803

1,189,260

1,420,980

1,516,765

1,488,638

1,534,163

1,537,599

1,561,319

937,404

189,700

171,625

170,841

164,056

167,007

168,484

161,716

150,456

152,707

148,937

129,297

119,527

24,364

SHAREHOLDERS’ EQUITY
Preferred stock, $1 par value - 5,000,000 shares authorized; no shares issued or outstanding at March 31, 2020 and December 31, 2019.

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock, $1 par value —5,000,000 shares authorized; no shares issued or outstanding at December 31, 2019 and 2018

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, no par value – 150,000,000 shares authorized; 126,276,438 and 126,145,832 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.

598,873

595,521

590,274

584,592

579,157

574,553

570,250

564,988

559,335

550,472

544,721

538,600

527,684

521,860

521,268

513,716

461,580

458,659

453,940

449,742

388,475

342,252

309,331

271,420

241,571

239,235

235,340

232,288

228,844

226,035

221,064

217,934

216,177

212,636

210,775

209,482

182,466

Warrants to acquire common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,946

17,946

17,946

17,946

17,946

17,946

17,946

17,946

17,946

17,946

17,946

17,946

19,673

Accumulated deficit

-590,700

-333,938

-253,278

-300,948

-189,349

-107,168

107,870

178,010

265,994

294,741

359,958

362,855

360,318

319,291

306,836

283,927

221,934

180,048

147,263

99,296

66,788

29,250

11,271

23,604

24,860

15,366

-1,312

-13,517

-26,154

-36,996

-45,807

-59,560

-69,266

-72,374

-78,107

-91,631

-115,387

Accumulated other comprehensive (loss)

-27,702

-27,291

-24,588

-22,492

-24,059

-23,519

-25,832

-21,163

-14,813

-13,968

-17,301

-16,183

-17,590

-21,967

-18,108

-19,333

-16,927

-17,142

-16,701

-13,092

-13,088

-15,195

-11,211

-10,815

-10,662

-12,367

-13,128

-10,525

-5,546

-5,904

-3,692

-6,960

-2,203

0

-

-

-

TOTAL SHAREHOLDERS’ EQUITY

-19,494

234,292

312,408

261,152

365,749

443,866

652,288

721,835

810,516

831,245

887,378

885,272

870,412

819,184

809,996

778,310

666,587

621,565

584,502

535,946

442,175

356,307

309,391

284,209

273,715

260,180

238,846

226,192

215,090

201,081

189,511

169,360

162,654

158,208

150,614

135,797

86,752

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

1,032,275

1,288,639

1,398,364

1,414,159

1,437,191

1,495,257

1,715,190

1,786,556

1,863,472

1,909,511

2,053,928

1,996,344

2,025,737

1,973,720

1,960,911

1,915,113

1,855,847

2,042,545

2,101,267

2,024,584

1,976,338

1,893,905

1,870,710

1,221,613

463,415

431,805

409,687

390,248

382,097

369,565

351,227

319,816

315,361

307,145

279,911

255,324

111,116