Alkermes plc (ALKS) Financial Statements (2024 and earlier)

Company Profile

Business Address CONNAUGHT HOUSE
DUBLIN 4, 00000
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments608,465536,311635,027534,979539,295433,504
Cash and cash equivalents292,473337,544272,961203,771266,762191,296
Short-term investments315,992198,767362,066331,208272,533242,208
Receivables287,967313,193275,143257,086292,223233,590
Inventory, net of allowances, customer advances and progress billings181,418150,335125,738101,80390,19693,275
Inventory181,418150,335125,738101,80390,19693,275
Contract with customer, asset, after allowance for credit loss8,92913,36314,4018,3868,230
Asset, held-for-sale, not part of disposal group      
Business combination, contingent consideration, asset  6,4007,800   
Deferred tax assets 188
Other undisclosed current assets43,52742,56752,86259,71653,30848,287
Total current assets:1,130,3061,062,1691,110,971961,970983,252808,844
Noncurrent Assets
Operating lease, right-of-use asset115,855115,627131,71812,379
Property, plant and equipment325,361341,054350,003362,168309,987284,736
Long-term investments and receivables131,610229,43024,78079,39180,744157,212
Long-term investments131,610229,43024,78079,39180,744157,212
Intangible assets, net (including goodwill)130,553166,916204,064243,516283,874349,041
Goodwill92,87392,87392,87392,87392,87392,873
Intangible assets, net (excluding goodwill)37,68074,043111,191150,643191,001256,168
Deferred income tax assets115,60281,83386,228 
Business combination, contingent consideration, asset  16,61924,65132,40065,20084,800
Other noncurrent assets14,69110,83617,31517,02116,14314,034
Deferred tax assets, net 686
Other undisclosed noncurrent assets    96,55885,80797,874
Total noncurrent assets:833,672962,315838,759843,433841,755988,383
TOTAL ASSETS:1,963,9782,024,4841,949,7301,805,4031,825,0071,797,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:220,089445,707412,171373,037333,762286,166
Employee-related liabilities77,25671,178   
Accounts payable32,84355,72146,03454,26139,76755,526
Accrued liabilities187,24675,51476,08292,80273,47164,935
Other undisclosed accounts payable and accrued liabilities  237,216218,877225,974220,524165,705
Deferred revenue6,8166,3397,5126,766
Debt3,0003,0002,84311,3092,8433,000
Disposal group, including discontinued operation      
Deferred revenue and credits1,956
Contract with customer, liability3,169
Other undisclosed current liabilities267,83716,24015,732   
Total current liabilities:497,742471,286438,258391,112339,774291,122
Noncurrent Liabilities
Long-term debt and lease obligation290,270396,966391,582279,637276,465278,436
Long-term debt, excluding current maturities290,270292,804272,118274,295276,465278,436
Liabilities, other than long-term debt132,21343,64852,90849,21237,48324,861
Deferred revenue and credits5,657
Deferred revenue  11,49116,39722,068
Contract with customer, liability9,525
Other liabilities42,38432,15736,51127,14427,95819,204
Operating lease, liability89,829104,162119,4645,342
Total noncurrent liabilities:422,483440,614444,490328,849313,948303,297
Total liabilities:920,225911,900882,748719,961653,722594,419
Equity
Equity, attributable to parent1,043,7531,112,5841,066,9821,085,4421,171,2851,202,808
Common stock1,6901,6581,6201,6021,5791,557
Treasury stock, value(160,862)(142,658)(126,087)(118,386)(108,969)(89,347)
Additional paid in capital2,913,0992,798,3252,685,6472,586,0302,467,3232,338,755
Accumulated other comprehensive loss(10,889)(3,723)(1,349)(1,816)(3,280)(3,792)
Accumulated deficit(1,699,285)(1,541,018)(1,492,849)(1,381,988)(1,185,368)(1,044,365)
Total equity:1,043,7531,112,5841,066,9821,085,4421,171,2851,202,808
TOTAL LIABILITIES AND EQUITY:1,963,9782,024,4841,949,7301,805,4031,825,0071,797,227

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,111,7951,173,7511,038,7561,170,9471,094,274903,374
Revenue, net903,374
Cost of revenue
(Cost of Goods and Services Sold)
(218,108)(197,387)(178,316)(180,385)(176,420)(154,748)
Gross profit:893,687976,364860,440990,562917,854748,626
Operating expenses(1,035,952)(1,005,651)(972,867)(1,166,041)(1,016,982)(896,526)
Operating income (loss):(142,265)(29,287)(112,427)(175,479)(99,128)(147,900)
Nonoperating income (expense)(25,039)(10,019)15,890(21,577)(27,839)4,626
Investment income, nonoperating7,6292,4086,96013,9769,2384,649
Other nonoperating income (expense)2,12221913,644848(2,040)(9,615)
Interest and debt expense(13,040)(171)(8,659)(13,601)(2,298)(12,008)
Other undisclosed income from continuing operations before equity method investments, income taxes   8,65913,6012,29812,008
Income (loss) from continuing operations before equity method investments, income taxes:(180,344)(39,477)(96,537)(197,056)(126,967)(143,274)
Other undisclosed income from continuing operations before income taxes13,040171    
Income (loss) from continuing operations before income taxes:(167,304)(39,306)(96,537)(197,056)(126,967)(143,274)
Income tax expense (benefit)9,037(8,863)(14,324)436(12,344)(14,671)
Income (loss) from continuing operations:(158,267)(48,169)(110,861)(196,620)(139,311)(157,945)
Loss before gain (loss) on sale of properties:(48,169)(110,861)(196,620)(139,311)(157,945)
Loss from discontinued operations      
Other undisclosed net income      
Net income (loss) available to common stockholders, diluted:(158,267)(48,169)(110,861)(196,620)(139,311)(157,945)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(158,267)(48,169)(110,861)(196,620)(139,311)(157,945)
Comprehensive income (loss):(158,267)(48,169)(110,861)(196,620)(139,311)(157,945)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7,166)(2,374)4671,464512(518)
Comprehensive income (loss), net of tax, attributable to parent:(165,433)(50,543)(110,394)(195,156)(138,799)(158,463)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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