Akorn, inc (AKRX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net (loss)

-226,770

-401,909

-24,550

184,243

150,798

13,884

52,362

35,378

43,013

21,824

-25,306

Loss from discontinued operations, net of tax

-

-

-

-

-

-504

-

-

-

-

-

Adjustments to reconcile consolidated net (loss) to net cash (used in) operating activities:
Depreciation and amortization

70,300

82,805

85,173

87,963

86,924

57,831

14,476

11,455

5,246

5,030

5,453

Fixed asset impairment and other

39,894

6,135

0

-

-

-

-

-

-

-

-

Amortization of debt financing costs

31,554

5,216

5,216

10,760

4,350

9,984

842

782

1,948

2,841

2,013

Impairment of intangible assets

-

-

-

44,369

33,003

0

-

-

-

-

-

Fixed asset impairment and other

-

-

-

0

-

-

-

-

-

-

-

Amortization of favorable contracts

-

-

-

-

71

71

-1,905

-635

0

0

-

Impairment of intangible assets

29,497

231,086

128,127

-

-

-

-

-

-

-

-

Goodwill impairment

15,955

0

0

-

-

-

-

-

-

-

-

Amortization of inventory step-up

-

-

-

-

4,681

20,798

-

-

-

-

-

Non-cash stock compensation expense

21,281

21,503

21,018

15,412

12,997

7,752

7,050

7,032

5,159

2,737

2,362

Non-cash change in fair value of warrants liability

-

-

-

-

-

-

-

-

-

8,881

3,843

Non-cash interest expense

3,626

0

0

777

2,778

4,871

4,634

6,436

2,109

0

0

Non-cash gain on bargain purchase

-

-

-

-

849

0

-3,707

0

0

-

-

Income from available-for-sale securities

0

0

3,032

0

0

-

-

-

-

-

-

Gain from product divestiture

-

-

-

-

-

9,329

-

-

-

-

-

Non-cash gain on bargain purchase

-

-

-

-

849

-

-

0

0

-

-

Deferred income taxes, net

339

37,396

115,249

32,934

46,130

17,511

-2,091

-67

4,411

0

0

Gain on sale of available-for-sale security

0

0

-199

-45

-

-

-

-

-

-

-

Excess tax benefit from stock compensation

-

-

-

-

47,997

29,517

2,928

4,488

0

0

-

Loss on extinguishment of debt

-

-

-

-

-1,243

-990

80

0

14,550

23,368

1,580

Gain on sale of available-for-sale security

-

-

-

-

-237

7

-

-

-

-

-

Other

32

-421

307

4,888

0

0

-

-

-

-

-

Non-cash settlement of product warranty liability

-

-

-

-

-

-

-1,299

0

0

-

1,051

Changes in operating assets and liabilities:
Other non-current assets

-1,229

3,120

3,519

301

-

-

-

-

-

-

-

Trade accounts receivable

-18,879

11,627

-141,979

132,617

-40,287

72,796

14,277

23,856

13,581

2,045

2,696

Inventories, net

-3,877

-9,694

8,367

-10,208

50,729

19,385

3,797

15,447

9,307

5,750

-16,996

Deferred tax assets, net

339

37,396

115,249

32,934

46,130

-

-

-

-

-

0

Prepaid expenses and other current assets

1,075

-3,847

12,232

7,262

-17,574

-30,372

648

5,689

183

-233

345

Supply agreement termination liabilities

-

-

-

-

-

-

-

-

-

-1,500

1,500

Trade accounts payable

5,490

-5,002

-9,223

6,139

-4,819

13,963

1,975

4,489

2,546

1,608

-5,509

Accrued legal fees and contingencies

-4,260

-24,120

-21,492

-

-

-

-

-

-

-

-

Uncertain tax liabilities

47,357

-9,690

-38,999

-

-

-

-

-

-

-

-

Accrued legal fees and contingencies

-4,260

-24,120

-21,492

-711

-

-

-

-

-

-

-

Uncertain tax liabilities

47,357

-9,690

-38,999

984

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-7,188

-4,357

-18,091

-14,951

93,229

27,967

2,537

10,720

1,668

1,791

1,180

NET CASH (USED IN) OPERATING ACTIVITIES

-36,919

-68,894

247,633

166,690

297,648

40,442

57,326

26,244

19,657

12,282

-1,038

INVESTING ACTIVITIES:
Payments for acquisitions and equity investments, net of cash acquired

-

-

-

-

24,408

987,428

55,482

55,047

87,412

0

0

Proceeds from disposal of assets

-

-

-

-

2,459

-

-

-

-

-

-

Proceeds from disposal of assets

132

30

4,815

5,966

-

59,361

-

-

-

-

-

Payments for intangible assets

87

50

200

3,950

3,835

8,908

-

-

-

-

-

Purchases of property, plant and equipment

30,447

69,111

95,170

74,938

27,934

29,899

11,642

20,454

11,503

4,710

1,147

Distributions from unconsolidated joint venture

-

-

-

-

-

-

250

0

3,881

36,265

0

NET CASH (USED IN) INVESTING ACTIVITIES

-30,402

-69,131

-90,555

-72,922

-53,718

-966,874

-66,874

-75,501

-95,034

31,555

-1,397

FINANCING ACTIVITIES:
Proceeds from issuances of debt

-

-

-

-

-

1,045,000

-

-

-

-

-

Proceeds from the exercise of stock options

0

546

9,320

11,291

11,916

8,842

3,222

1,878

1,087

639

1,359

Stock compensation plan withholdings for employee taxes

313

777

1,726

1,496

-

-

-

-

-

-

-

Debt financing costs

12,263

0

0

5,128

8,564

28,365

3,032

0

5,098

0

1,370

Proceeds from warrant exercises

-

-

-

-

-

8,171

-

0

1,727

4,969

0

Proceeds from issuance of convertible notes

-

-

-

-

-

-

-

0

120,000

0

0

Repayments of subordinated debt - related party

-

-

-

-

-

-

-

-

-

6,439

0

Repayments of revolving line of credit

-

-

-

-

-

-

-

-

-

3,000

-3,000

Excess tax benefits from stock compensation

-

-

-

-

47,997

29,517

2,928

4,488

0

0

-

Common stock repurchases

-

-

-

45,000

0

0

-

-

-

-

-

Payment of contingent acquisition liabilities

0

-4,793

0

0

-8,991

-15,000

-

-

-

-

-

Lease payments

352

14

0

-

-

-

-

-

-

-

-

Lease Payments

-

-

-

0

-

-

-

-

-

-

-

Debt repayment

-

-

-

200,000

10,450

85,049

-

-

-

-

-

NET CASH (USED IN) FINANCING ACTIVITIES

-12,928

-5,038

7,594

-240,333

31,908

963,116

3,118

6,366

117,716

-3,831

2,989

Effect of exchange rate changes on cash and cash equivalents

62

-1,032

1,183

2

-251

-183

-173

-290

0

0

-

(DECREASE) IN CASH AND CASH EQUIVALENTS

-80,187

-144,095

165,855

-146,563

275,587

36,501

-6,603

-43,181

42,339

40,006

554