Akorn, inc (AKRX)
CashFlow / TTM
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'11Mar'11
OPERATING ACTIVITIES:
Net (loss)

-401,316

-226,770

-361,148

-478,958

-455,343

-401,909

-252,088

-184,845

-94,324

-24,550

73,122

123,928

183,384

184,243

184,573

184,631

155,146

150,798

135,992

75,692

41,928

13,884

12,583

37,121

51,014

52,362

44,495

46,043

43,112

35,378

32,300

32,071

40,311

43,013

0

0

0

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

65,424

70,300

74,941

78,489

81,277

82,805

82,482

83,400

84,537

85,173

85,770

86,064

86,409

87,963

89,074

86,293

88,283

86,924

84,396

84,008

72,265

57,831

41,821

26,390

17,862

14,476

13,140

12,787

12,233

11,455

9,785

8,256

6,631

5,246

0

0

0

Amortization of debt financing costs

38,879

31,554

16,844

9,567

5,216

5,216

5,216

5,216

5,216

5,216

5,216

5,216

5,753

10,760

10,230

10,012

9,664

4,350

4,690

5,875

10,755

9,984

9,090

7,030

864

842

823

805

793

782

768

740

1,948

1,948

0

0

0

Impairment of intangible assets

-

-

-

-

-

-

-

-

-

-

50,679

52,290

44,436

44,369

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed asset impairment and other

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of favorable contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

71

71

71

71

-1,377

-1,552

-1,728

-1,905

-1,110

-953

-794

-635

0

0

0

-

-

-

-

Impairment of intangible assets

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

267,923

15,955

15,955

15,955

15,955

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fixed asset impairment and other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of inventory step-up

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,681

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash stock compensation expense

19,992

21,281

20,338

20,358

20,715

21,503

22,591

22,627

21,817

21,018

19,756

18,810

17,200

15,412

15,009

13,381

12,944

12,997

11,957

10,539

9,444

7,752

6,441

6,081

6,629

7,050

7,657

8,095

7,312

7,032

6,441

5,846

5,851

5,159

0

0

0

Non-cash interest expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

0

-

-

-

0

-

-

-

-

-

-

-

-

777

1,206

1,653

2,046

2,778

3,258

4,105

4,808

4,871

5,163

5,026

4,657

4,634

6,247

6,312

6,479

6,436

4,529

4,496

3,292

2,109

0

0

0

Non-cash gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

849

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

536

339

-5,711

12,518

29,591

37,396

154,568

137,420

121,908

115,249

22,995

25,551

26,099

32,934

31,897

37,566

44,953

46,130

4,820

15,696

24,975

17,511

40,008

19,213

429

-2,091

-1,696

1,993

912

-67

-2,477

1,150

2,634

4,411

0

0

0

Excess tax benefit from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,997

45,467

76,792

59,428

29,517

33,783

2,905

2,723

2,928

3,273

3,638

3,131

4,488

2,407

1,595

1,595

0

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,243

0

0

0

-

-

-

-

80

76

76

76

0

20

20

13,726

14,550

0

0

0

Gain on sale of available-for-sale security

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

7,920

-1,229

276

2,652

2,573

3,120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts receivable

12,847

-18,879

-20,790

-14,770

-2,598

11,627

-25,190

9,762

-56,908

-141,979

-74,155

-27,527

61,699

132,617

124,021

74,458

-18,548

-40,287

10,919

-1,369

71,962

72,796

13,240

21,085

6,769

14,277

17,506

20,784

27,900

23,856

22,809

18,493

14,312

13,581

0

0

0

Inventories, net

9,428

-3,877

-27,025

-28,615

-29,805

-9,694

12,503

9,877

20,367

8,367

2,822

-6,635

-18,844

-10,208

3,808

32,025

42,098

50,729

46,525

30,514

27,957

19,385

13,259

9,596

8,343

3,797

6,942

10,314

12,733

15,447

14,223

15,347

12,549

9,307

0

0

0

Deferred tax assets, net

536

339

-5,711

12,518

29,591

37,396

154,568

137,420

121,908

115,249

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

30,049

1,075

-15,960

-1,620

7,071

-3,847

-10,610

6,106

3,501

12,232

23,382

-18,237

2,806

7,262

4,217

27,299

-13,488

-17,574

-4,736

3,812

-32,242

-30,372

-39,563

-54,450

624

648

3,770

4,080

4,412

5,689

1,019

134

451

183

0

0

0

Trade accounts payable

-5,289

5,490

114

-3,526

-15,598

-5,002

3,311

4,844

6,381

-9,223

-1,341

-12,104

3,801

6,139

-8,478

3,582

-14,683

-4,819

21,432

-1,184

15,779

13,963

2,419

13,650

9,936

1,975

6,666

6,352

5,004

4,489

-1,253

-1,683

-918

2,546

0

0

0

Accrued legal fees and contingencies

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Uncertain tax liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued legal fees and contingencies

3,677

-4,260

-28,676

-77,395

-34,270

-24,120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Uncertain tax liabilities

48,726

47,357

38,661

-11,372

-10,598

-9,690

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

5,525

-7,188

-1,477

-3,090

2,955

-4,357

-29,304

12,219

-33,732

-18,091

28,632

-3,619

20,128

-14,951

-25,573

-8,050

46,586

93,229

100,537

123,103

42,329

27,967

15,552

-29,239

8,444

2,537

594

4,099

5,142

10,720

12,184

5,912

9,031

1,668

0

0

0

NET CASH (USED IN) OPERATING ACTIVITIES

-67,885

-36,919

-27,360

-66,932

-67,766

-68,894

2,442

57,333

89,459

247,633

279,520

289,640

284,288

166,690

141,170

152,676

261,367

297,648

279,184

200,238

62,332

40,442

28,273

57,181

73,780

57,326

47,342

41,356

30,117

26,244

26,753

18,613

20,879

19,657

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,408

84,564

435,249

1,004,565

987,428

984,741

634,284

62,713

55,482

336

336

92

55,047

105,902

116,625

142,636

87,412

0

0

0

Proceeds from disposal of assets

518

132

0

0

0

-

-

-

-

4,815

4,811

4,811

6,118

5,966

0

0

101

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

3,950

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

31,919

30,447

41,588

50,112

56,830

69,111

68,677

80,960

95,027

95,170

103,592

95,284

87,503

74,938

55,190

42,060

30,764

27,934

33,749

33,587

31,789

29,899

21,484

18,395

14,151

11,642

13,634

13,360

17,757

20,454

17,897

18,524

15,253

11,503

0

0

0

Distributions from unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,881

0

0

0

NET CASH (USED IN) INVESTING ACTIVITIES

-31,488

-30,402

-41,673

-50,189

-56,850

-69,131

-68,695

-80,986

-90,564

-90,555

-99,056

-91,248

-84,335

-72,922

-51,299

-39,689

-35,269

-53,718

-118,788

-469,232

-983,543

-966,874

-955,723

-600,008

-76,614

-66,874

-13,970

-13,696

-17,849

-75,501

-118,121

-130,399

-155,488

-95,034

0

0

0

Proceeds from the exercise of stock options

-

-

-

-

-

546

552

2,677

8,751

9,320

11,714

12,012

12,406

11,291

8,890

6,176

958

11,916

13,892

18,687

18,778

8,842

7,650

4,028

3,376

3,222

3,345

2,620

2,223

1,878

1,441

1,108

1,231

1,087

0

0

0

Stock compensation plan withholdings for employee taxes

392

313

314

1,046

777

777

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

5,128

0

0

0

-

-

-

-

28,365

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Net proceeds from common stock and warrant offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Excess tax benefits from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,997

45,467

76,792

59,428

29,517

33,783

2,905

2,723

2,928

3,273

3,638

3,131

4,488

2,407

1,595

1,595

0

0

0

0

Payment of contingent acquisition liabilities

-116

0

-9,586

-9,586

-9,470

-4,793

4,793

4,793

4,793

0

0

0

0

-

-

-

-

-8,991

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease payments

23

352

348

346

346

14

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease Payments

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt repayment

-

-

-

-

-

-

-

-

-

-

-

-

-

200,000

202,612

205,225

207,837

10,450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH (USED IN) FINANCING ACTIVITIES

-12,562

-12,928

-662

-1,100

-1,239

-5,038

-4,674

-3,848

2,229

7,594

-11,861

-34,484

-35,647

-240,333

-230,456

-213,526

-208,452

31,908

22,915

418,409

999,258

963,116

983,372

592,297

2,659

3,118

4,061

6,258

5,354

6,366

3,433

2,192

117,728

117,716

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-29

62

-113

-331

-1,019

-1,032

-315

-3

695

1,183

407

590

295

2

170

-257

-180

-251

-312

-241

-121

-183

-54

34

-82

-173

-237

84

-97

-290

-271

-479

-181

0

0

0

0

(DECREASE) IN CASH AND CASH EQUIVALENTS

-111,964

-80,187

-69,808

-118,552

-126,874

-144,095

-71,242

-27,504

1,819

165,855

169,010

164,498

164,601

-146,563

-140,415

-100,796

17,466

275,587

182,999

149,174

77,926

36,501

55,868

49,504

-257

-6,603

37,196

34,002

17,525

-43,181

-88,206

-110,073

-17,374

42,339

0

0

0

SUPPLEMENTAL DISCLOSURES:
Amount paid for interest

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount paid for interest

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

0

0

-

0

0

0

-

0

0

0

Amount (received) for income taxes, net

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Additional capital expenditures included in accounts payable

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Standstill Agreement related non-cash interest

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount paid for income taxes, net of refunds received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0