ANI Pharmaceuticals Inc. (ANIP) Financial Statements (2024 and earlier)

Company Profile

Business Address 210 MAIN STREET WEST
BAUDETTE, MN 56623
State of Incorp. DE
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments221,12148,228100,3007,86462,33243,008
Cash and cash equivalents221,12148,228100,3007,86462,33243,008
Restricted cash and investments  5,006    
Receivables162,079165,438128,52695,79372,12964,842
Inventory, net of allowances, customer advances and progress billings111,196105,35581,69360,80348,16340,503
Inventory111,196105,35581,69360,80348,16340,503
Prepaid expense17,4008,3877,5895,8613,9954,524
Asset, held-for-sale, not part of disposal group 8,0208,020    
Other undisclosed current assets 3,8273,667 1,076 
Total current assets:519,816344,261321,775170,321187,695152,877
Noncurrent Assets
Property, plant and equipment44,59343,24652,67141,26940,55138,090
Intangible assets, net (including goodwill)237,230279,856322,010192,091183,968205,184
Goodwill28,22128,22127,8883,5803,5803,580
Intangible assets, net (excluding goodwill)209,009251,635294,122188,511180,388201,604
Restricted cash and investments   5,0015,0035,0295,021
Deferred income tax assets90,71181,36367,93651,70438,326
Other noncurrent assets12,07211,3612,2058021,2201,468
Other undisclosed noncurrent assets      27,964
Total noncurrent assets:384,606415,826449,823290,869269,094277,727
TOTAL ASSETS:904,422760,087771,598461,190456,789430,604
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,28934,69939,05223,85420,70419,137
Taxes payable 3,906 5,022
Employee-related liabilities8,5226,2313,7363,524
Accounts payable36,68329,30522,96711,26114,6068,884
Accrued liabilities5,6065,3947,5632,4562,3621,707
Deferred revenue   8780451
Debt85085085013,24310,1383,256
Business combination, contingent consideration, liability12,266     
Other undisclosed current liabilities90,07263,89047,54841,38830,383143,156
Total current liabilities:145,47799,43987,53778,56561,676165,549
Noncurrent Liabilities
Long-term debt and lease obligation284,819285,669286,520172,443175,80867,296
Long-term debt, excluding current maturities284,819285,669286,520172,443175,80867,296
Liabilities, other than long-term debt16,52736,43938,80114,4826,514496
Other liabilities4,8091,3817,80114,4826,514496
Business combination, contingent consideration, liability11,71835,05831,000   
Total noncurrent liabilities:301,346322,108325,321186,925182,32267,792
Total liabilities:446,823421,547412,858265,490243,998233,341
Temporary equity, carrying amount24,85024,85024,850   
Equity
Equity, attributable to parent432,749313,690333,890195,700212,791197,263
Common stock211111
Treasury stock, value(10,081)(5,094)(3,135)(2,246)(723)(659)
Additional paid in capital514,103403,901387,844214,354200,800186,812
Accumulated other comprehensive income (loss)8,85712,168(3,055)(11,437)(4,871)(379)
Retained earnings (accumulated deficit)(80,132)(97,286)(47,765)(4,972)17,58411,488
Total equity:432,749313,690333,890195,700212,791197,263
TOTAL LIABILITIES AND EQUITY:904,422760,087771,598461,190456,789430,604

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues486,816316,385216,136208,475206,547201,576
Cost of revenue(184,071)(148,510)(109,164)(87,157)(63,154)(73,024)
Cost of goods and services sold(181,513)(138,785)(100,610)   
Gross profit:302,745167,875106,972121,318143,393128,552
Operating expenses(255,774)(203,158)(146,765)(80,987)(75,724)(59,451)
Other undisclosed operating income (loss)   (56,347)(51,318)(33,742)
Operating income (loss):46,971(35,283)(39,793)(16,016)16,35135,359
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(159)670(4,343)(494)(228)(550)
Interest and debt expense(32,469)(28,418)(1,458)(9,479)(13,468)(468)
Income (loss) from continuing operations before equity method investments, income taxes:14,343(63,031)(45,594)(25,989)2,65534,341
Other undisclosed income (loss) from continuing operations before income taxes5,529366(10,464)27502(14,290)
Income (loss) from continuing operations before income taxes:19,872(62,665)(56,058)(25,962)3,15720,051
Income tax expense (benefit)(1,093)14,76913,4553,4142,937(4,557)
Income (loss) from continuing operations:18,779(47,896)(42,603)(22,548)6,09415,494
Income (loss) before gain (loss) on sale of properties:(42,603)(22,548)6,09415,494
Net income (loss) attributable to parent:18,779(47,896)(42,603)(22,548)6,09415,494
Preferred stock dividends and other adjustments(1,625)(1,625)(190)   
Other undisclosed net loss available to common stockholders, basic     (97)(154)
Net income (loss) available to common stockholders, basic:17,154(49,521)(42,793)(22,548)5,99715,340
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:17,154(49,521)(42,793)(22,548)5,99715,340

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):18,779(47,896)(42,603)(22,548)6,09415,494
Other comprehensive income (loss)(3,311)15,2238,382(6,566)(4,492)(379)
Comprehensive income (loss), net of tax, attributable to parent:15,468(32,673)(34,221)(29,114)1,60215,115

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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