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

721,251

682,429

673,558

662,939

675,826

694,018

726,689

763,492

771,688

841,045

938,655

1,020,322

1,101,916

1,116,843

1,113,153

1,085,859

1,026,045

985,076

907,955

778,852

691,804

555,048

437,145

391,339

334,479

317,711

304,278

292,020

278,295

256,158

227,263

194,332

163,193

136,920

115,954

99,436

0

0

0

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

427,514

429,723

455,412

458,933

458,525

448,002

423,015

419,317

406,023

408,839

420,859

430,062

442,652

443,331

433,706

413,627

397,179

389,064

381,040

369,449

349,936

293,687

234,147

190,144

152,064

145,807

137,373

128,719

121,359

107,466

94,967

80,151

66,856

57,231

50,425

46,022

0

0

0

GROSS PROFIT

293,737

252,706

218,146

204,006

217,301

246,016

303,674

344,175

365,665

432,206

517,796

590,260

659,264

673,512

679,447

672,232

628,866

596,012

526,915

409,403

341,867

261,360

202,997

201,194

182,415

171,904

166,905

163,301

156,936

148,692

132,296

114,181

96,337

79,689

65,529

53,414

0

0

0

Selling, general and administrative expenses

266,429

273,871

258,890

266,537

289,253

279,749

271,464

261,671

231,894

216,483

202,468

196,138

196,128

197,631

202,111

200,068

181,305

162,205

138,627

120,395

106,355

92,955

78,968

65,814

57,759

53,508

53,521

52,222

50,049

48,053

43,033

39,356

36,440

32,392

28,364

25,688

0

0

0

Acquisition-related costs

-

-

-

-

-

-

-

-

-

-

129

118

178

364

485

692

781

1,841

4,999

12,928

33,643

32,840

30,487

23,787

2,847

2,912

1,978

1,030

1,214

9,155

9,343

9,169

9,092

743

0

0

0

-

-

Research and development expenses

38,597

37,500

38,410

41,515

43,391

47,321

42,025

41,836

46,341

44,988

49,205

47,573

40,565

38,753

39,369

39,190

40,910

40,707

38,794

37,113

36,113

31,256

26,766

22,845

18,308

19,858

21,891

19,928

18,950

15,858

13,616

13,851

12,545

11,555

9,553

8,325

0

0

0

Amortization of intangibles

34,800

39,800

44,000

48,200

51,400

53,500

55,109

56,825

59,129

61,400

62,582

63,740

64,666

65,713

66,488

66,559

66,413

66,272

65,689

62,958

55,113

43,493

29,454

17,208

10,446

7,422

6,772

6,963

7,040

6,870

5,735

4,485

3,040

1,733

1,330

1,393

0

0

0

Impairment of goodwill

267,923

15,955

15,955

15,955

15,955

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

19,143

29,497

128,836

158,485

222,625

231,086

230,468

208,418

146,942

128,127

45,658

47,269

44,211

44,369

39,744

30,534

30,534

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation rulings, settlements and contingencies

-36,299

-44,179

-72,124

-98,093

-23,224

-22,814

-14,344

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL OPERATING EXPENSES

663,233

440,767

558,092

628,700

645,795

634,442

616,566

572,327

488,377

455,090

364,266

358,662

349,572

350,654

348,197

337,043

319,943

301,401

248,109

233,394

231,224

200,544

165,675

129,654

89,360

83,700

84,162

80,143

77,253

79,936

71,727

66,861

61,117

46,423

39,802

35,624

0

0

0

OPERATING (LOSS)

-369,535

-188,100

-339,946

-424,694

-428,494

-388,426

-312,892

-228,152

-122,712

-22,884

153,530

231,598

309,692

322,858

331,250

335,189

308,923

294,611

278,806

176,009

110,643

60,816

37,322

71,540

93,055

88,204

82,743

83,158

79,683

68,756

60,569

47,320

35,220

33,266

25,727

17,790

0

0

0

Amortization of deferred 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

5,784

10,791

10,662

10,444

9,598

4,283

4,224

5,410

6,730

9,985

9,089

7,028

4,889

842

823

805

793

782

768

740

1,948

1,948

2,035

2,143

0

0

0

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

Interest expense, net

-79,390

-69,353

-64,219

-56,928

-50,649

-45,900

-41,863

-39,764

-38,082

-38,070

-38,642

-39,394

-40,782

-42,734

-45,236

-47,544

-50,011

-51,973

-53,144

-52,296

-46,978

-35,659

-24,144

-14,495

-8,606

-8,649

-11,420

-11,452

-11,634

-10,474

-8,547

-7,333

-5,447

-4,392

-1,513

-774

0

0

0

Equity in earnings of unconsolidated joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

156

0

0

0

-

-

-

13,726

14,550

15,032

15,401

0

0

0

Bargain purchase gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

849

0

0

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from product divestiture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-operating (expense) income, net

576

1,190

2,184

2,412

1,443

1,360

1,812

1,575

5,459

6,972

9,706

9,541

6,928

1,967

-3,836

-6,884

-8,914

-7,048

-6,301

-2,275

-1,006

873

1,558

706

886

395

0

0

0

-

0

0

-

-

-

-

-

-

-

Change in fair value of warrants liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

(LOSS) BEFORE INCOME TAXES

0

-

0

0

0

-

0

0

0

-

119,378

196,529

270,054

-

271,516

270,317

240,400

232,156

215,946

117,684

66,075

25,342

18,771

63,000

84,233

82,895

71,885

72,126

68,515

57,500

51,116

38,200

40,198

41,306

36,016

19,309

0

0

0

Income tax (benefit)/provision

-85,808

-61,008

-57,673

-9,773

-27,573

-36,273

-106,120

-86,760

-66,247

-34,648

46,256

72,601

86,670

87,057

86,943

85,686

85,254

81,358

79,954

41,992

23,643

10,954

5,684

25,375

33,219

30,533

27,390

26,083

25,403

22,122

18,816

6,129

-113

-1,707

-5,254

996

0

0

0

(LOSS) INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

0

-

52,362

0

0

0

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

41,270

18,313

0

0

0

(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)

-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

41,270

18,313

0

0

0

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.

-6

-5

-15

-19

-20

-21

-9

-10

138

267

244

37

1,522

740

954

889

-651

104

-2,280

-933

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation (loss)

-767

-667

2,687

153

-7,577

-8,001

-9,845

-6,313

1,276

6,150

1,350

3,763

1,216

-1,941

205

-4,403

-3,190

-2,051

-3,209

-1,343

-1,401

-1,704

847

-290

-5,116

-6,463

-16,820

-17,485

-7,749

-5,904

3,692

6,960

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.

2,870

3,100

1,428

1,463

1,649

1,529

-1,323

-1,343

-1,363

-1,582

787

650

3,401

3,624

2,566

2,727

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMPREHENSIVE (LOSS)

-404,959

-230,542

-359,904

-480,287

-464,589

-411,460

-260,619

-189,825

-91,547

-16,551

73,929

127,078

182,721

179,418

183,166

178,390

151,305

148,851

130,503

73,416

39,505

11,057

14,500

36,831

45,898

45,899

35,059

42,478

39,769

29,474

28,608

25,111

38,108

43,013

0

0

0

-

-