Akorn, inc (AKRX)
Income statement / 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'11Mar'11Sep'10Jun'10
Revenues, net

204,693

162,257

176,244

178,057

165,871

153,386

165,625

190,944

184,063

186,057

202,428

199,140

253,420

283,667

284,095

280,734

268,347

279,977

256,801

220,920

227,378

202,856

127,698

133,872

90,622

84,953

81,892

77,012

73,854

71,520

69,634

63,287

51,717

42,625

36,703

32,148

25,444

21,659

20,185

Cost of sales (exclusive of amortization of intangibles, included within operating expenses below)

110,149

102,450

104,842

110,073

112,358

128,139

108,363

109,665

101,835

103,152

104,665

96,371

104,651

115,172

113,868

108,961

105,330

105,547

93,789

92,513

97,215

97,523

82,198

73,000

40,966

37,983

38,195

34,920

34,709

29,549

29,541

27,560

20,816

17,050

14,725

14,265

11,191

10,244

10,322

GROSS PROFIT

94,544

59,807

71,402

67,984

53,513

25,247

57,262

81,279

82,228

82,905

97,763

102,769

148,769

168,495

170,227

171,773

163,017

174,430

163,012

128,407

130,163

105,333

45,500

60,871

49,656

46,970

43,697

42,092

39,145

41,971

40,093

35,727

30,901

25,575

21,978

17,883

14,253

11,415

9,863

Selling, general and administrative expenses

65,056

84,781

55,550

61,042

72,498

69,800

63,197

83,758

62,994

61,515

53,404

53,981

47,583

47,500

47,074

53,971

49,086

51,980

45,031

35,208

29,986

28,402

26,799

21,168

16,586

14,415

13,645

13,113

12,335

14,428

12,346

10,940

10,339

9,408

8,669

8,024

6,291

5,380

5,993

Acquisition-related costs

-

-

-

-

-

-

-

-

-

-

34

76

11

8

23

136

197

129

230

225

1,257

3,287

8,159

20,940

454

934

1,459

0

519

0

511

184

8,460

188

337

107

111

-

-

Research and development expenses

9,811

9,957

9,334

9,495

8,714

10,867

12,439

11,371

12,644

5,571

12,250

15,876

11,291

9,788

10,618

8,868

9,479

10,404

10,439

10,588

9,276

8,491

8,758

9,588

4,419

4,001

4,837

5,051

5,969

6,034

2,874

4,073

2,877

3,792

3,109

2,767

1,887

1,790

1,881

Amortization of intangibles

6,100

9,300

9,400

10,000

11,100

13,500

13,600

13,200

13,200

15,109

15,316

15,504

15,471

16,291

16,474

16,430

16,518

17,066

16,545

16,284

16,377

16,483

13,814

8,439

4,757

2,444

1,568

1,677

1,733

1,794

1,759

1,754

1,563

659

509

309

256

256

572

Impairment of goodwill

267,923

0

0

0

15,955

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

0

18,749

0

394

10,354

118,088

29,649

64,534

18,815

117,470

7,599

3,058

0

35,001

9,210

0

158

30,376

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation rulings, settlements and contingencies

7,470

19,075

11,625

-74,469

-410

-8,870

-14,344

400

0

-

-400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL OPERATING EXPENSES

341,462

103,787

62,634

155,350

118,996

221,112

133,242

172,445

107,643

203,236

89,003

88,495

74,356

112,412

83,399

79,405

75,438

109,955

72,245

62,305

56,896

56,663

57,530

60,135

26,216

21,794

21,509

19,841

20,556

22,256

17,490

16,951

23,239

14,047

12,624

11,207

8,545

7,426

8,446

OPERATING (LOSS)

-246,918

-44,019

8,768

-87,366

-65,483

-195,865

-75,980

-91,166

-25,415

-120,331

8,760

14,274

74,413

56,083

86,828

92,368

87,579

64,475

90,767

66,102

73,267

48,670

-12,030

736

23,440

25,176

22,188

22,251

18,589

19,715

22,603

18,776

7,662

11,528

9,354

6,676

5,708

3,989

1,417

Amortization of deferred financing costs

8,629

16,014

8,581

5,655

1,304

1,304

1,304

1,304

1,304

1,304

1,304

1,304

1,304

1,304

1,304

1,872

6,311

1,175

1,086

1,026

996

1,116

2,272

2,346

4,251

220

211

207

204

201

193

195

193

187

165

1,403

193

274

273

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,183

-

909

286

0

-

-

Interest expense, net

-24,364

-18,703

-18,982

-17,341

-14,327

-13,569

-11,691

-11,062

-9,578

-9,532

-9,592

-9,380

-9,566

-10,104

-10,344

-10,768

-11,518

-12,606

-12,652

-13,235

-13,480

-13,777

-11,804

-7,917

-2,161

-2,262

-2,155

-2,028

-2,204

-5,033

-2,187

-2,210

-1,044

-3,106

-973

-324

11

-227

-234

Equity in earnings of unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

0

0

76

-

-

-

0

20

0

13,706

824

502

369

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

849

-

-

-

-

3,707

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from product divestiture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

847

8,490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-operating (expense) income, net

-261

384

208

245

353

1,378

436

-724

270

1,830

199

3,160

1,783

4,564

34

547

-3,178

-1,239

-3,014

-1,483

-1,312

-492

1,012

-214

567

193

160

-34

76

-

0

0

-

-

-

-

-

-

-

Change in fair value of warrants liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,679

(LOSS) BEFORE INCOME TAXES

-280,172

-

-18,587

-110,117

-80,761

-

-88,539

-104,256

-36,027

-

-1,937

6,750

65,326

-

75,214

80,275

66,572

49,455

74,015

50,358

58,328

33,245

-24,247

-1,251

17,595

26,674

19,982

19,982

16,257

15,664

20,223

16,371

5,242

9,280

7,307

18,369

6,350

3,990

-9,400

Income tax (benefit)/provision

-23,400

2,392

-66,300

1,500

1,400

5,727

-18,400

-16,300

-7,300

-64,120

960

4,213

24,299

16,784

27,305

18,282

24,686

16,670

26,048

17,850

20,790

15,266

-11,914

-499

8,101

9,996

7,777

7,345

5,415

6,853

6,470

6,665

2,134

3,547

-6,217

423

540

0

33

(LOSS) INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,785

-

-

-

17,979

-12,333

-752

-

16,678

12,205

12,637

10,842

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-504

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET (LOSS)

-256,727

-80,660

47,670

-111,599

-82,181

-215,038

-70,140

-87,984

-28,747

-65,217

-2,897

2,537

41,027

32,455

47,909

61,993

41,886

32,785

47,967

32,508

37,538

17,979

-12,333

-1,256

9,494

16,678

12,205

12,637

10,842

8,811

13,753

9,706

3,108

5,733

13,524

17,946

5,810

3,990

-9,433

(Loss) income from continuing operations, basic (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.27

-

-

-

0.17

-0.12

-0.01

-

0.17

0.13

0.13

0.11

-

-

-

-

-

-

-

-

-

-

NET (LOSS) PER COMMON SHARE:
Net (Loss) per Common Share, basic and diluted (in Dollars per share)

-2.01

-

-

-

-0.65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SHARES USED IN COMPUTING NET (LOSS) PER COMMON SHARE:
NET (LOSS) PER SHARE, BASIC (in Dollars per share)

-

-

0.38

-0.89

-

-

-0.56

-0.70

-0.23

-

-0.02

0.02

0.33

0.26

0.38

0.51

0.35

0.27

0.40

0.28

0.33

0.17

-0.12

-0.01

-

0.17

0.13

0.13

0.11

0.10

0.14

0.10

0.03

0.06

0.14

0.19

0.06

0.04

-0.10

(Loss) income from continuing operations, diluted (in Dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.27

-

-

-

0.16

-0.12

-0.01

-

0.13

0.11

0.11

0.10

-

-

-

-

-

-

-

-

-

-

NET (LOSS) PER SHARE, DILUTED (in Dollars per share)

-

-

0.38

-0.89

-

-

-0.56

-0.70

-0.23

-

-0.02

0.02

0.33

0.25

0.38

0.50

0.34

0.27

0.39

0.27

0.31

0.16

-0.12

-0.01

-

0.13

0.11

0.11

0.10

0.08

0.12

0.09

0.03

0.05

0.13

0.17

0.06

0.04

-0.10

SHARES USED IN COMPUTING NET (LOSS) PER COMMON SHARE:
WEIGHTED AVERAGE BASIC AND DILUTED (in Shares)

127,648

-

-

-

125,566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BASIC (in Shares)

-

-

126,144

126,043

-

-

125,462

125,332

125,240

-

124,986

124,660

124,421

124,731

125,855

121,374

119,516

119

119,260

115,808

113,352

108

105,438

103,183

96,633

96

96

96

95,926

95,521

95,128

95,096

95,011

94,770

94,650

94,579

94,197

93,770

92

DILUTED (in Shares)

-

-

126,826

126,043

-

-

125,462

125,332

125,240

-

124,986

125,194

124,666

125,325

126,334

125,924

125,621

125

125,891

125,919

125,377

124

105,438

103,183

116,884

113

113

112

111,551

110,970

111,388

110,513

109,169

102,242

104,188

105,233

103,985

100,765

92

COMPREHENSIVE (LOSS):
COMPREHENSIVE (LOSS):
Net (loss)

-256,727

-80,660

47,670

-111,599

-82,181

-215,038

-70,140

-87,984

-28,747

-65,217

-2,897

2,537

41,027

32,455

47,909

61,993

41,886

32,785

47,967

32,508

37,538

17,979

-12,333

-1,256

9,494

16,678

12,205

12,637

10,842

8,811

13,753

9,706

3,108

5,733

13,524

17,946

5,810

3,990

-9,433

Unrealized holding (loss) on available-for-sale securities, net of tax of $0 and $0 for the three month periods ended March 31, 2020 and 2019, respectively.

-1

-2

0

-3

0

-12

-4

-4

-1

0

-5

144

128

-23

-212

1,629

-654

191

-277

89

101

-2,193

1,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation (loss)

-524

512

-2,135

1,380

-424

3,866

-4,669

-6,350

-848

2,022

-1,137

1,239

4,026

-2,778

1,276

-1,308

869

-632

-3,332

-95

2,008

-1,790

-1,466

-153

1,705

761

-2,603

-4,979

358

-9,596

-3,268

4,757

2,203

0

0

0

0

-

-

Pension liability adjustment gain/(loss), net of tax of ($29) and $30 for the three month periods ended March 31, 2020 and 2019, respectively.

-114

3,213

-39

-190

116

1,541

-4

-4

-4

-1,311

-24

-24

-223

1,058

-161

2,727

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMPREHENSIVE (LOSS)

-257,138

-83,363

45,574

-110,032

-82,721

-212,725

-74,809

-94,334

-29,592

-61,884

-4,015

3,944

45,404

28,596

49,134

59,587

42,101

32,344

44,358

32,502

39,647

13,996

-12,729

-1,409

11,199

17,439

9,602

7,658

11,200

6,599

17,021

4,949

905

5,733

13,524

17,946

5,810

-

-