Avadel pharmaceuticals plc (AVDL)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Dec'12Jun'12Mar'12Dec'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

73,506

9,774

12,867

17,111

9,630

9,325

17,837

12,477

40,911

16,564

37,449

43,507

32,236

39,215

18,780

23,899

37,870

65,064

55,236

38,535

39,760

24,006

54,104

55,505

6,636

7,807

8,336

2,742

4,755

4,348

3,456

8,184

Marketable securities

39,977

54,384

59,587

62,151

70,221

90,590

107,425

134,629

157,269

77,511

78,161

130,290

146,978

114,980

130,887

130,964

122,084

79,738

60,884

74,637

53,074

52,496

23,753

28,018

401

1,473

1,387

6,413

15,686

18,376

21,035

23,160

Accounts receivable

8,797

8,281

8,725

10,172

11,772

11,330

9,725

14,940

16,677

14,785

24,080

19,285

13,463

17,839

15,395

9,488

4,865

7,487

3,498

0

1,679

2,988

3,637

4,040

6,204

6,326

5,038

5,464

5,570

5,580

7,765

7,480

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Inventories

3,523

3,570

2,260

2,601

4,258

4,770

6,030

5,724

5,948

6,157

5,870

5,747

5,406

3,258

3,909

3,640

5,312

3,666

5,751

5,497

6,729

6,473

5,564

5,132

2,410

2,892

1,854

1,520

1,599

1,903

1,675

862

Research and development tax credit receivable

1,835

2,107

-

-

-

283

-

-

-

-

-

-

-

-

0

0

368

2,382

1,609

5,378

5,932

9,905

15,232

14,039

14,139

11,500

16,545

6,632

0

0

79

2,304

Prepaid expenses and other current assets

3,337

4,264

5,163

5,165

6,556

8,553

6,859

7,206

11,128

8,958

3,373

5,522

6,529

5,894

8,883

9,657

9,975

8,064

5,189

4,347

4,418

3,380

2,831

1,991

2,481

2,933

1,789

2,314

2,672

2,397

2,642

3,372

Current assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

940

730

-

-

-

1,352

-

-

-

-

-

-

-

Total current assets

130,975

82,380

88,602

97,200

102,437

124,851

147,876

174,976

231,933

123,975

148,933

204,351

204,612

181,186

177,854

177,648

180,474

166,401

132,167

128,394

112,322

99,248

105,121

108,725

32,271

32,932

34,949

25,085

30,282

32,604

36,652

45,362

Property and equipment, net

472

544

770

934

1,749

1,911

2,288

2,439

2,722

3,001

3,180

3,328

3,382

3,320

3,186

3,104

3,100

2,616

1,978

1,777

1,776

15,182

16,605

17,170

2,391

17,352

17,271

18,238

18,041

19,645

19,383

21,425

Operating lease right-of-use assets

3,365

3,612

4,385

5,454

5,802

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

18,491

19,134

18,669

24,055

18,491

18,491

18,491

18,491

18,490

18,491

18,491

18,491

18,490

18,491

18,491

20,461

20,461

0

-

Intangible assets, net

610

813

1,019

1,224

1,428

1,629

69,339

70,962

72,571

92,289

94,256

21,709

22,274

22,837

25,508

29,209

32,911

15,825

22,107

25,248

28,389

31,327

34,264

37,201

40,139

41,094

41,259

41,589

49,089

49,250

0

-

Research and development tax credit receivable

6,288

6,322

7,694

7,833

7,591

7,272

6,168

6,124

5,903

5,272

3,547

3,039

2,396

1,775

4,240

4,034

2,490

0

-

-

-

0

0

0

6,410

6,491

6,261

13,725

15,669

15,276

13,203

7,641

Income tax deferred charge

-

-

-

-

-

-

-

-

-

-

-

-

-

10,342

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax deferred charge

-

-

-

-

-

-

-

-

-

-

0

0

0

-

11,243

11,381

11,964

11,581

-

-

13,102

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets

47,524

39,274

34,927

34,573

36,124

36,146

24,844

22,244

20,241

10,249

9,020

8,242

7,533

7,531

6,820

5,661

16

167

-

-

125

-

-

-

-

-

-

-

-

-

-

-

Income tax deferred charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,685

11,444

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

117

115

-

139

150

155

154

156

177

183

173

175

164

186

Total long term assets from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,378

57,075

-

-

-

-

67,585

-

-

-

-

-

-

-

Total long term from assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

15,044

-

-

-

-

-

-

-

Total other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,647

6,438

-

15,842

15,451

-

-

Total assets

207,725

151,436

155,888

165,709

173,622

190,300

269,006

295,236

351,861

253,277

277,427

259,160

258,688

245,482

247,985

249,706

255,010

215,081

186,545

186,409

174,205

164,386

174,631

181,742

116,252

116,515

118,408

117,311

133,715

137,411

69,402

74,614

LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Long-term Debt, Current Maturities

-

-

35

105

104

106

107

108

114

111

301

291

272

268

286

283

454

434

37,803

44,623

2,440

27,811

18,055

18,090

19,194

20,365

6,797

3,351

1,971

2,092

2,026

2,317

Due to Related Parties, Current

5,855

5,554

7,588

8,264

9,391

9,439

10,979

14,067

21,121

25,007

30,986

40,615

43,699

34,177

33,359

29,500

-

25,204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease liability

604

645

1,596

999

982

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term related party contingent consideration payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,403

-

-

-

39,892

-

-

-

-

-

-

-

-

-

-

-

Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

77

69

42

16

82

78

77

85

88

97

59

Accounts payable

6,790

6,100

3,538

4,798

4,150

3,503

11,399

11,169

15,906

7,477

8,564

12,321

7,962

7,105

8,966

7,043

17,674

5,048

11,403

9,037

8,024

7,007

6,167

6,358

5,099

4,115

3,268

3,596

4,758

4,675

3,920

4,941

Deferred revenue

-

-

-

-

-

-

-

-

-

2,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

115

-

1,720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

1,724

1,884

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

1,927

2,455

1,617

2,223

3,115

3,820

4,611

5,121

21

3,545

1,336

612

954

157

1,264

1,001

190

614

2,488

2,980

2,836

2,528

Advances from customers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

44

0

116

452

447

575

436

408

1,962

139

Accrued Liabilities, Current

14,858

19,810

17,017

15,737

14,689

21,695

20,698

21,493

45,948

50,926

47,997

30,339

19,936

17,222

13,032

10,592

3,346

9,308

3,096

4,354

5,667

5,710

5,345

5,165

6,527

6,269

5,074

5,013

4,790

5,098

5,478

6,004

Income taxes

2,297

43

-

-

-

-

-

-

-

414

7,026

1,455

9,738

1,200

-

6,286

5,844

0

77

10,926

7,643

-

-

-

0

-

-

-

-

-

-

-

Other current liabilities

1,932

3,832

1,989

3,677

1,927

3,640

2,116

3,052

2,212

597

507

1,233

825

226

427

664

611

133

349

5,009

5,672

6,503

7,207

7,485

7,478

1,324

1,248

1,133

1,716

1,835

1,995

3,433

Current liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

149

168

-

-

-

901

-

-

-

-

-

-

-

Total current liabilities

32,336

35,984

31,763

33,580

31,358

38,383

47,019

51,613

87,185

86,539

97,308

88,709

84,049

62,421

59,185

58,188

60,943

45,248

52,749

77,503

70,842

47,720

37,841

37,297

39,694

33,607

17,102

14,359

16,244

17,176

18,314

19,421

Long-term debt

123,258

121,686

120,132

118,631

117,178

115,734

114,382

113,038

111,724

156

614

594

555

547

734

788

710

684

111,882

78,554

1,277

68,028

69,401

56,570

66,320

65,398

77,975

33,278

47,840

47,763

1,689

1,547

Long-term related party contingent consideration payable, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102,656

-

-

-

74,858

-

-

-

-

-

-

-

-

-

-

-

Due to Related Parties, Noncurrent

12,195

11,773

14,118

15,983

18,202

19,401

27,713

38,050

51,646

73,918

76,131

86,844

109,514

135,170

146,926

136,021

15,000

97,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term operating lease liability

2,205

2,319

2,866

3,617

3,889

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,507

-

6,071

5,863

0

0

0

0

-

7,670

8,897

-

20,733

20,859

-

-

Capital lease obligations, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

70

120

15

122

138

179

208

240

251

133

Deferred revenue, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

84

181

1,052

1,498

1,531

3,247

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,806

-

-

-14,130

-

-

0

-

Other non-current liabilities

5,664

8,873

13,972

11,675

12,577

14,002

14,150

13,989

14,252

7,084

6,911

6,285

5,488

5,275

4,307

2,871

2,495

2,526

2,206

2,094

2,333

8,554

9,456

9,626

8,314

24,986

24,276

24,680

22,277

17,890

17,823

13,961

Total liabilities

175,658

180,635

182,851

183,486

183,204

187,520

203,264

216,690

264,807

167,697

180,964

182,432

199,606

203,413

211,152

197,868

185,311

145,947

-

-

149,310

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120,159

86,511

-

76,618

78,927

66,316

77,455

98,313

111,370

72,448

92,110

88,250

21,294

18,888

Total long-term liabilities from liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,714

-

-

-

-

-

-

-

Total long-term liabilities from liabilities held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

Shareholders’ equity (deficit):
Preferred shares, nominal value of $0.01 per share; 50,000 shares authorized; 488 issued and outstanding at March 31, 2020 and none issued and outstanding at December 31, 2019, respectively

5

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ordinary shares, nominal value of $0.01 per share; 500,000 shares authorized; 51,812 issued and 46,404 outstanding at March 31, 2020 and 42,927 issued and 37,520 outstanding at December 31, 2019

518

429

428

427

427

427

424

421

420

414

414

414

414

414

6,331

6,331

6,331

6,331

6,229

6,196

6,188

5,998

5,933

5,888

3,746

3,722

3,722

3,714

3,673

3,673

3,641

3,589

Treasury shares, at cost, 5,407 shares held at March 31, 2020 and December 31, 2019, respectively

49,998

49,998

49,998

49,998

49,998

49,998

49,998

49,998

42,573

22,361

17,506

14,338

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

497,249

434,391

434,055

434,254

434,199

433,756

433,097

430,141

427,383

393,478

391,416

389,451

387,105

385,020

374,724

368,897

366,459

363,984

352,423

348,571

346,582

329,677

326,397

324,378

211,473

211,002

210,406

209,158

207,602

206,757

205,489

202,462

Accumulated deficit

-392,080

-391,215

-388,476

-379,612

-371,007

-357,989

-294,130

-278,359

-274,921

-262,685

-254,440

-276,119

-305,046

-319,800

-324,534

-304,540

-286,169

-278,524

-326,205

-308,805

-320,452

-293,303

-283,257

-262,184

-235,546

-240,668

-234,304

-192,621

-195,298

-189,381

-189,393

-180,619

Accumulated other comprehensive loss

-23,627

-22,806

-22,972

-22,848

-23,203

-23,416

-23,651

-23,659

-23,255

-23,266

-23,421

-22,680

-23,391

-23,565

-19,688

-18,850

-16,922

-22,657

-18,810

-23,716

-7,423

-2,324

8,790

10,047

10,815

10,539

10,112

10,253

9,384

10,936

10,057

10,873

Stockholders' Equity Attributable to Parent

32,067

-29,199

-26,963

-17,777

-9,582

2,780

65,742

78,546

87,054

85,580

96,463

76,728

59,082

42,069

36,833

51,838

69,699

69,134

13,637

22,246

24,895

40,048

57,863

78,129

-9,512

-15,405

-10,064

30,504

25,361

31,985

29,794

36,305

Total liabilities and shareholders’ equity (deficit)

207,725

151,436

155,888

165,709

173,622

190,300

269,006

295,236

351,861

253,277

277,427

259,160

258,688

245,482

247,985

249,706

255,010

215,081

186,545

186,409

174,205

164,386

174,631

181,742

116,252

116,515

118,408

117,311

133,715

137,411

69,402

74,614