Lannett co inc (LCI)
Balance Sheet / 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'11
ASSETS
Current assets:
Cash and cash equivalents

101,455

119,176

101,008

140,249

205,207

163,774

150,327

98,586

114,016

139,862

92,461

117,737

132,031

247,253

241,680

224,769

225,446

178,830

207,768

200,340

208,772

170,607

137,395

105,587

84,113

94,387

35,727

42,689

33,066

31,455

26,361

22,562

18,989

19,949

17,518

5,277

Investment securities

-

-

-

-

-

-

-

-

9,089

27,842

23,973

27,091

22,534

11,870

11,381

14,094

12,959

13,986

14,890

13,467

16,614

14,328

14,929

40,693

39,363

11,463

10,072

8,461

5,906

6,638

5,010

6,667

5,571

5,214

6,863

19,382

Accounts receivable, net

180,356

158,498

173,109

164,752

151,804

275,364

205,350

252,651

238,767

256,728

243,326

204,066

215,237

222,986

190,526

211,722

183,624

235,006

107,216

91,103

79,715

90,645

75,835

61,325

59,236

51,412

29,749

26,413

39,810

41,370

42,057

26,586

37,499

36,722

34,635

33,464

Inventories

135,955

152,090

149,162

143,971

136,352

136,128

145,915

141,635

133,290

135,591

125,390

122,604

123,817

130,238

127,751

114,904

116,511

124,009

45,231

46,191

42,474

42,642

44,070

44,844

41,365

35,756

34,524

32,531

32,847

30,688

27,606

27,064

27,975

23,868

26,474

26,903

Prepaid income taxes

8,414

6,949

159

-

101

-

1,690

15,159

16,563

1,760

13,494

16,703

9,889

-

22,933

-

15,253

13,689

4,953

-

4,604

-

-

-

2,591

-

-

-

213

249

-

-

-

-

-

-

Assets held for sale

2,678

3,757

4,637

9,671

14,644

11,422

13,245

13,976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,167

-

-

-

-

2,120

3,205

3,592

3,739

3,636

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

43,945

45,375

44,001

40,892

23,808

23,032

15,854

16,270

11,894

11,655

12,220

11,265

8,250

9,013

6,346

4,874

5,253

4,955

4,914

4,833

4,867

4,894

4,715

4,538

Other current assets

14,450

8,709

6,994

13,606

7,246

7,958

7,859

4,863

10,045

6,471

9,325

6,592

7,268

7,886

7,681

6,434

23,995

18,487

4,512

3,175

3,157

4,156

3,342

1,833

2,172

2,344

2,823

1,161

1,851

1,309

2,083

1,023

1,472

1,821

1,598

942

Total current assets

443,308

449,179

435,069

472,249

515,354

594,646

524,386

526,870

521,770

568,254

507,969

494,793

554,721

665,608

645,953

612,815

601,596

607,039

400,424

370,546

367,230

334,033

287,791

265,547

237,090

204,375

122,408

116,129

118,946

116,664

108,031

90,855

99,580

96,062

95,546

94,142

Property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,181

56,479

56,197

-

Less accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,371

26,437

25,529

-

Property, plant and equipment, net

181,408

183,631

184,889

186,670

193,121

195,607

195,880

233,247

267,398

258,206

249,276

243,148

232,320

227,053

221,343

216,638

220,199

198,397

98,621

94,556

80,265

75,276

69,736

61,704

57,005

53,295

40,954

40,141

39,288

38,876

36,811

37,068

30,809

30,041

30,668

29,929

Construction in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,266

6,045

4,798

5,761

Intangible assets, net

401,044

422,849

427,253

411,229

401,973

409,870

416,016

424,425

420,582

439,639

447,797

453,861

461,963

470,065

501,167

575,503

598,418

689,061

28,903

29,090

1,166

1,186

1,207

927

948

1,414

1,881

2,547

3,017

3,488

3,958

4,429

4,899

5,369

5,839

5,910

Operating lease right-of-use assets

9,774

6,015

6,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

111,793

111,514

-

109,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

339,566

339,566

339,566

339,566

339,566

339,566

339,566

339,566

333,611

313,451

240,716

141

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

110,396

-

102,541

100,013

99,761

22,063

18,713

30,584

48,592

52,753

19,720

31,782

11,879

11,556

10,036

8,946

12,471

12,495

12,777

12,917

14,949

14,234

11,869

12,155

9,561

8,005

8,024

8,540

8,853

9,069

8,747

9,400

9,953

10,446

Other assets

11,824

7,896

7,914

7,960

18,620

19,320

21,612

29,133

29,462

23,146

22,587

19,191

18,714

18,848

14,148

13,895

8,676

8,584

2,441

1,938

1,638

320

340

361

408

414

315

930

956

810

1,167

1,171

1,174

1,178

1,208

1,556

TOTAL ASSETS

1,159,151

1,181,084

1,171,931

1,187,413

1,231,609

1,319,456

1,257,655

1,575,304

1,597,491

1,659,395

1,615,787

1,603,312

1,627,004

1,752,922

1,734,056

1,764,018

1,752,376

1,752,743

543,001

508,766

463,076

423,732

374,023

342,773

307,320

271,653

175,119

167,752

170,231

168,378

158,820

142,592

151,476

148,097

148,015

147,744

LIABILITIES
Current liabilities:
Accounts payable

33,834

30,883

26,927

13,493

31,564

60,178

48,558

56,767

67,501

78,633

49,229

44,720

48,787

43,772

43,987

34,720

33,038

33,506

17,259

19,195

16,994

19,045

13,959

20,982

21,270

19,261

16,636

22,668

15,709

18,625

12,640

17,989

15,753

13,654

15,337

18,378

Accrued expenses

14,115

10,750

6,233

5,805

8,423

7,283

5,732

7,425

5,832

12,730

13,042

12,499

7,462

11,662

8,289

9,247

9,181

14,725

6,675

4,928

3,843

4,181

2,578

3,901

8,760

4,393

3,936

1,630

2,053

1,982

1,899

2,931

1,170

1,041

1,127

1,354

Accrued payroll and payroll-related expenses

13,121

12,238

12,347

19,924

18,677

15,545

10,009

7,819

9,318

16,036

6,706

4,833

9,939

8,910

8,947

10,572

6,717

24,011

4,748

10,397

8,062

5,459

3,863

12,860

7,082

6,027

3,054

6,910

5,347

3,810

2,338

3,198

2,159

1,674

1,204

935

Deferred revenue

-

-

-

-

-

23,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rebates payable

43,304

48,447

43,358

46,175

41,873

44,384

36,489

49,400

41,267

48,379

47,336

44,593

34,667

36,785

20,103

21,894

16,993

22,553

11,458

7,553

5,889

10,198

6,152

4,558

-

-

-

1,067

-

-

-

-

-

-

-

-

Royalties payable

21,362

20,298

16,597

16,215

10,423

9,615

5,878

5,955

9,540

5,579

2,480

3,015

3,931

3,550

4,158

5,127

5,779

6,482

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring liability

61

515

1,167

2,315

270

5,693

6,911

6,706

3,328

4,581

4,498

5,431

4,970

5,347

4,767

4,130

3,008

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

2,198

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current operating lease liabilities

1,045

1,848

1,932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings and current portion of long-term debt

95,064

101,939

66,845

66,845

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

2,850

2,851

3,652

3,652

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities held for sale

-

-

-

-

847

1,204

2,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement liability

-

-

-

-

-

8,000

-

-

-

12,000

14,500

17,000

19,500

8,000

9,000

7,000

10,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

1,346

-

-

-

-

-

-

-

1,483

-

743

-

-

-

1,340

-

4,149

13,735

4,569

-

4,539

-

154

-

-

1,679

-

-

-

-

-

Acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

35,000

35,000

35,000

35,000

35,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings and current portion of long-term debt

-

-

-

-

66,845

66,845

66,845

66,845

66,845

66,845

63,556

60,117

81,678

178,239

178,238

178,236

-

-

-

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

-

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45,640

45,638

137

-

134

132

131

129

128

276

673

670

657

654

651

648

639

636

632

629

Rebates, chargebacks and returns payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,550

18,961

18,313

-

15,394

16,885

14,350

13,564

Total current liabilities

224,756

229,769

179,058

176,622

178,922

244,091

182,432

200,917

203,631

244,783

201,347

192,208

210,934

332,748

312,489

306,669

176,879

146,915

40,277

43,548

34,922

43,164

40,418

46,999

37,240

34,496

24,299

33,099

40,316

44,032

37,520

24,766

35,117

33,892

34,651

34,860

Long-term debt, net

599,553

606,073

654,432

662,203

711,341

746,607

760,127

772,425

784,689

819,220

831,665

843,530

855,379

867,221

875,450

883,612

1,008,212

1,014,877

839

874

908

942

975

1,009

1,041

1,074

5,714

5,844

6,125

6,255

6,385

6,513

6,781

6,909

7,067

7,193

Long-term operating lease liabilities

10,189

5,358

5,626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement liability

-

-

-

-

-

-

-

-

-

-

-

-

-

9,167

10,860

12,526

13,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

14,115

14,712

14,711

14,547

2,046

2,247

3,073

3,047

2,199

2,596

6,504

6,452

6,770

7,136

7,534

6,754

6,268

6,290

-

578

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

TOTAL LIABILITIES

848,613

855,912

853,827

853,372

892,309

992,945

945,632

976,389

990,519

1,066,599

1,039,516

1,042,190

1,073,083

1,216,272

1,206,333

1,209,561

1,204,850

1,203,082

41,116

45,000

35,830

44,106

41,393

48,008

38,281

35,570

30,013

38,943

46,441

50,287

43,905

31,279

41,899

40,801

41,719

42,055

Commitments (Note 12)

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

STOCKHOLDERS' EQUITY
Common stock ($0.001 par value, 100,000,000 shares authorized; 39,898,838 and 38,969,518 shares issued; 38,741,712 and 38,010,714 shares outstanding at March 31, 2020 and June 30, 2019, respectively)

40

40

40

39

39

39

39

38

38

38

38

37

37

37

-

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-

Common stock ($0.001 par value, 100,000,000 shares authorized; 37,406,625 and 37,150,165 shares issued; 36,801,759 and 36,604,202 shares outstanding at September 30, 2016 and June 30, 2016, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

-

37

37

37

37

37

36

36

36

36

35

31

29

-

-

-

29

-

-

-

-

Common stock - authorized 50,000,000 shares, par value $0.001; issued 29,103,931 and 28,594,437 shares, respectively; outstanding, 28,668,052 and 28,252,192 shares, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

29

29

-

28

28

-

28

Additional paid-in capital

319,064

317,012

314,645

317,023

314,591

312,322

310,135

306,817

303,376

298,337

295,282

292,780

291,206

288,906

287,756

283,301

279,874

276,219

242,025

236,178

233,488

222,149

219,708

216,793

211,384

200,729

126,358

104,075

102,702

100,913

100,467

99,515

98,925

98,371

97,807

97,082

Retained earnings

8,410

25,002

19,918

32,075

39,661

29,016

16,653

306,464

317,823

305,053

291,031

277,774

272,048

257,119

248,947

278,355

274,784

280,274

266,754

233,573

199,630

163,397

118,586

83,654

60,119

37,124

20,558

26,553

22,990

19,043

16,162

13,236

11,820

10,102

9,493

9,288

Accumulated other comprehensive loss

-641

-578

-661

-615

-571

-502

-509

-515

-450

-347

-221

-222

-181

-257

-298

-295

-280

-269

-311

-295

-285

-320

-54

-54

-49

-38

-48

-47

-79

-26

-22

-63

-19

-11

20

24

Stockholders' Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,928

108,647

107,505

-

Treasury stock (1,157,126 and 958,804 shares at March 31, 2020 and June 30, 2019, respectively)

16,335

16,304

15,838

14,481

14,420

14,364

14,295

13,889

13,815

10,285

9,859

9,247

9,189

9,155

9,147

7,349

7,277

6,988

6,988

6,080

5,959

5,959

5,959

5,959

2,729

2,034

2,034

2,034

2,034

2,034

1,928

1,594

1,351

1,351

1,209

872

Total stockholders' equity

-

-

-

-

-

-

-

598,915

-

-

-

561,122

553,921

536,650

527,295

554,049

547,138

549,273

501,517

463,413

426,911

379,303

332,317

294,470

268,761

235,816

144,865

128,576

123,608

117,925

114,708

111,123

-

-

-

105,550

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

408

388

388

368

353

335

323

313

295

278

267

241

233

182

166

207

190

173

156

155

139

Total stockholders’ equity

310,538

325,172

318,104

334,041

339,300

326,511

312,023

-

606,972

592,796

576,271

561,122

553,921

536,650

527,723

554,457

547,526

549,661

501,885

463,766

427,246

379,626

332,630

294,765

269,039

236,083

145,106

128,809

123,790

118,091

114,915

111,313

109,577

107,295

106,295

105,689

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

1,159,151

1,181,084

1,171,931

1,187,413

1,231,609

1,319,456

1,257,655

1,575,304

1,597,491

1,659,395

1,615,787

1,603,312

1,627,004

1,752,922

1,734,056

1,764,018

1,752,376

1,752,743

543,001

508,766

463,076

423,732

374,023

342,773

307,320

271,653

175,119

167,752

170,231

168,378

158,820

142,592

151,476

148,097

148,015

147,744