Lannett co inc (LCI)
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'11Dec'10Sep'10
OPERATING ACTIVITIES:
Net loss

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

28,690

45,775

47,934

42,098

-547

-2,682

-23,081

-17,727

44,857

75,227

116,957

148,238

149,992

139,583

126,329

98,100

57,163

37,228

18,185

4,452

13,382

11,197

8,968

6,739

4,018

737

-1,353

376

-240

0

0

0

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

54,950

53,850

53,581

55,594

56,507

56,383

56,139

55,115

54,422

54,731

54,801

55,340

54,914

53,277

45,841

33,433

21,638

11,095

6,186

5,583

5,229

5,436

5,717

5,984

6,351

6,262

6,222

6,198

6,151

6,024

5,866

5,735

5,529

5,411

5,174

4,976

0

0

0

Deferred income tax expense (benefit)

-9,252

-11,501

-10,635

-87,242

-83,828

-69,429

-51,169

30,690

44,952

46,573

7,288

-305

-30,591

-45,949

-23,369

-19,497

-4,217

-2,450

-1,156

-3,266

-4,818

-3,670

-11,528

-12,886

-7,082

-7,913

-2,380

783

336

798

902

1,082

1,087

1,840

2,937

2,850

0

0

0

Share-based compensation

10,389

10,508

10,451

9,027

9,852

10,129

10,742

9,896

8,775

8,298

7,452

7,719

9,101

9,337

9,644

11,562

10,091

9,576

9,124

6,397

7,922

9,201

9,776

9,026

6,118

3,581

1,718

1,477

1,695

1,940

2,147

2,162

2,044

2,093

2,001

1,824

0

0

0

Excess tax benefits on share-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

667

1,178

1,543

1,507

1,814

8,107

8,164

8,051

9,585

7,212

7,105

7,017

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Intangible asset impairment charge

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment charges

21,489

7,500

7,500

375,381

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale/disposal of assets

195

280

-224

-1,559

-1,004

-1,259

-651

-848

-771

-256

-522

-290

0

0

0

-

-

-

-

33

-72

-67

-60

-142

5

98

-21

111

51

-42

67

4

0

0

0

-

-

-

-

Loss (gain) on investment securities

-

-

-

-

-

-

-

3,313

3,642

4,051

2,970

2,914

2,671

2,020

1,993

-11

-96

-324

-506

705

734

1,037

1,459

1,907

1,621

1,959

928

699

0

0

0

-

-

-

-

206

0

0

0

Loss on extinguishment of debt

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and other debt issuance costs

15,202

16,278

17,110

17,641

18,012

20,813

21,388

21,866

22,323

20,055

20,306

20,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Unrealized (gain) loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Gain on litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

JSP contract renewal cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other noncash (income) expenses

0

0

0

-

-

-

-

-

-

-

-

-1,889

0

0

0

-

-

-

0

-

-

-

0

-

-179

-163

-17

-16

-17

-16

-14

-15

-13

-10

-16

-20

0

0

0

Changes in assets and liabilities which provided (used) cash:
Accounts receivable, net

28,328

-117,090

-32,465

-84,949

-83,789

21,810

-34,802

48,585

23,530

33,742

52,800

-1,701

45,224

7,376

-46,503

-15,149

-43,911

-9,244

26,985

25,382

15,339

37,752

46,086

34,912

38,710

29,071

4,180

-173

1,330

263

4,096

6,285

4,716

3,502

5,532

-2,775

0

0

0

Inventories

-3,914

12,611

-2,315

2,336

6,579

3,888

26,087

19,031

9,473

5,353

-2,361

7,700

6,897

6,034

-1,489

-15,296

-12,268

-5,152

-1,544

-1,358

1,109

6,886

9,546

12,313

8,518

5,068

6,918

5,467

4,871

6,819

1,131

161

3,228

2,463

5,437

7,845

0

0

0

Prepaid income taxes/income taxes payable

-8,021

-8,179

1,740

18,319

18,119

4,650

13,299

2,174

-7,934

-4,535

7,765

-17,748

6,533

17,196

-14,272

1,717

0

0

0

-

-

6,822

24,007

11,432

3,096

5,811

-4,199

2,514

2,992

3,343

5,418

1,516

-797

-3,059

-3,241

-5,116

0

0

0

Other assets

-5,013

-9,122

-11,581

-2,643

-6,321

-5,195

-1,826

2,287

-424

-855

2,706

-1,916

-10,914

-3,079

-7,404

-7,719

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-502

365

277

-317

-54

-1,097

-342

110

356

755

888

-168

0

0

0

Rebates payable

1,431

4,063

6,869

-3,225

606

-3,995

-10,847

4,807

-1,730

3,264

18,903

14,369

17,674

14,232

-1,171

4,525

1,288

2,539

5,306

2,995

-318

7,650

4,489

3,491

0

0

0

-

-

-

-

1,012

0

0

0

-

0

0

0

Royalties payable

10,939

10,683

10,719

10,260

883

4,036

3,398

2,940

5,609

2,029

-1,678

-2,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring liability

-209

-5,178

-5,744

-4,391

-3,058

1,112

2,413

1,275

-1,642

-766

-269

1,301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

2,032

-29,585

-22,520

-43,274

-35,699

-30,165

-14,282

-4,953

-786

24,861

-2,258

5,000

13,249

10,266

7,480

-3,723

-3,915

-5,498

2,589

-2,498

-4,276

-216

-2,677

-1,686

5,561

636

3,996

4,679

-45

4,970

-2,698

-389

-1,440

-743

-515

2,007

0

0

0

Accrued expenses

-1,381

3,372

104

-1,620

2,720

-5,309

-6,870

-5,074

-1,630

1,068

4,753

3,252

-1,719

-4,981

-4,465

-1,760

-741

6,383

4,097

1,027

-3,850

855

305

2,271

4,646

1,343

-39

111

1,876

941

1,184

164

574

305

-971

-1,710

0

0

0

Accrued payroll and payroll-related expenses

-6,035

-4,082

1,656

12,105

9,838

284

3,985

2,986

-621

7,126

-2,241

-5,739

3,222

-15,410

-16,841

-20,865

-22,385

-2,179

885

-2,463

980

-568

809

5,950

1,735

2,217

716

3,712

3,187

2,136

1,133

2,263

1,074

757

-1,282

-5,370

0

0

0

Net cash provided by operating activities

44,964

130,032

125,867

176,310

196,858

136,410

174,822

118,523

148,306

174,228

127,386

165,373

132,537

140,902

155,806

135,277

162,024

137,572

130,010

128,518

119,027

97,231

64,489

45,103

28,901

13,937

18,725

26,500

19,819

20,385

14,049

11,121

3,091

2,845

-4,222

-6,202

0

0

0

INVESTING ACTIVITIES:
Purchases of property, plant and equipment

18,944

21,106

22,571

24,340

29,670

37,944

46,065

52,316

57,725

53,772

50,802

48,694

39,736

34,962

27,860

24,267

25,743

26,111

28,654

31,676

28,468

26,944

33,438

26,082

22,093

18,817

8,985

7,788

6,940

7,277

5,332

5,237

5,776

5,370

5,517

7,254

0

0

0

Proceeds from sale of property, plant and equipment

7,611

6,647

6,709

14,450

14,164

14,102

14,059

28

109

96

94

112

0

0

0

-

-

-

-

94

76

76

84

48

48

254

249

279

279

73

70

7

0

0

0

-

-

-

-

Proceeds from sale of outstanding loan to Variable Interest Entity ("VIE")

-

-

-

5,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance to VIE

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of intangible assets

0

0

0

-

-

-

-

19,038

0

0

0

-

-

-

-

-

-

-

-

300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment securities

-

-

-

-

-

-

-

94,047

107,090

81,733

79,947

67,828

52,060

49,540

44,211

39,895

46,842

48,175

52,944

75,770

64,068

61,189

53,003

23,374

25,450

24,722

22,232

22,456

20,917

18,977

24,916

35,910

37,954

35,174

25,157

9,750

0

0

0

Purchase of investment securities

-

-

-

-

-

-

-

63,643

90,003

93,654

89,569

77,911

58,964

45,404

38,709

40,533

43,284

48,157

53,411

47,839

40,583

63,016

56,400

53,699

57,287

27,587

26,367

23,550

20,680

19,904

21,933

23,301

0

0

0

-

-

-

-

Net cash used in investing activities

-40,333

-42,959

-42,612

-7,290

-15,004

-19,175

-27,238

-51,176

-57,522

-67,635

-62,368

-58,665

-51,199

-35,384

-956,487

-959,067

-993,594

-997,508

-70,965

-45,813

-5,207

-28,995

-37,051

-56,359

-53,882

-21,428

-12,871

-8,603

-6,424

-8,131

-2,279

7,379

-2,704

-10,287

-12,780

-25,648

0

0

0

FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of capped call

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Repayments of long-term debt

183,244

206,599

206,598

126,743

90,199

91,844

89,106

85,705

107,300

178,898

178,235

178,233

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

130

-

127

276

5,281

5,376

5,613

5,559

649

647

639

637

663

661

620

587

5,018

4,954

0

0

0

Proceeds from issuance of stock

1,157

1,255

1,132

1,180

1,364

3,857

4,112

4,142

4,121

1,839

1,777

2,818

2,622

3,230

4,624

4,134

4,562

6,468

5,030

4,938

4,862

5,273

5,261

5,369

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on share-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

667

1,178

1,543

1,507

1,814

8,107

8,164

8,051

9,585

7,212

7,105

7,017

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

514

272

294

301

500

501

0

0

0

Payment of deferred financing fees

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

1,915

1,940

1,543

592

605

4,079

4,436

4,642

4,626

1,130

712

1,898

1,912

2,167

2,159

1,269

0

0

0

-

-

-

-

-

-

-

-

440

683

682

719

722

479

480

472

221

0

0

0

Net cash used in financing activities

-108,313

-131,595

-132,422

-127,257

-90,542

-93,168

-89,430

-86,205

-108,530

-213,894

-214,314

-213,813

-174,852

-37,107

834,580

848,219

848,239

868,108

11,585

12,289

11,075

8,266

74,236

74,161

75,998

70,435

3,538

2,214

742

-736

-2,887

-1,130

4,195

4,227

16,926

15,243

0

0

0

Effect on cash and cash equivalents of changes in foreign exchange rates

-70

-76

-152

-100

-121

-155

-288

-293

-269

-90

77

73

0

0

0

-

0

0

0

-

-

-

-

-7

30

-12

-26

16

-60

-13

-41

-85

-44

-54

-28

-12

0

0

0

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-103,752

-44,598

-49,319

41,663

91,191

23,912

57,866

-19,151

-18,015

-107,391

-149,219

-107,032

-93,415

68,423

33,912

24,429

16,674

8,223

70,373

94,753

124,659

76,220

101,668

62,898

51,047

62,932

9,366

20,127

14,077

11,505

8,842

17,285

4,539

-3,268

-105

-16,619

0

0

0

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid

55,579

60,322

65,350

66,750

67,548

66,503

64,565

63,563

62,433

63,379

65,456

67,115

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid (refunded)

9,544

15,022

12,711

-4,641

-6,209

-10,985

-19,072

-6,559

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid (net of amounts capitalized)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

192

-

136

166

98

130

174

191

232

251

253

258

271

272

250

217

248

272

0

0

0

Income taxes paid, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,064

-

49,947

69,769

86,639

75,569

71,472

66,383

44,420

34,311

24,774

10,936

7,363

4,006

0

0

0

-

-

-

-

1,809

0

0

0

Credits issued pursuant to a Settlement Agreement

-

-

-

-

-

-

-

17,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchases of property, plant and equipment

-419

653

-1,085

765

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-