Assertio Holdings, Inc. (ASRT) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 S. SAUNDERS ROAD
LAKE FOREST, IL 60045
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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64,94136,81020,786
Cash and cash equivalents64,94136,81020,786
Receivables45,35744,36144,350
Inventory, net of allowances, customer advances and progress billings13,6967,48911,712
Inventory13,6967,48911,712
Other current assets   
Other undisclosed current assets8,26814,83817,406
Total current assets:132,262103,49894,254
Noncurrent Assets
Property, plant and equipment7441,5272,437
Long-term investments and receivables   1,579
Long-term investments   1,579
Intangible assets, net (including goodwill)197,996216,054200,082
Goodwill   
Intangible assets, net (excluding goodwill)197,996216,054200,082
Deferred income tax assets 80,202  
Other noncurrent assets2,7095,4684,922
Total noncurrent assets:281,651223,049209,020
TOTAL ASSETS:413,913326,547303,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,17221,38448,172
Interest and dividends payable 1,793
Accounts payable5,9916,68514,808
Accrued liabilities12,18114,69931,571
Debt 47012,17411,942
Customer refund liability49,42652,66263,114
Business combination, contingent consideration, liability26,30014,5006,776
Other liabilities94834,2992,682
Total current liabilities:95,316135,019132,686
Noncurrent Liabilities
Long-term debt and lease obligation66,40361,31972,160
Long-term debt, excluding current maturities66,40361,31972,160
Liabilities, other than long-term debt26,46927,79542,914
Other liabilities4,2694,63611,138
Business combination, contingent consideration, liability22,20023,15931,776
Total noncurrent liabilities:92,87289,114115,074
Total liabilities:188,188224,133247,760
Equity
Equity, attributable to parent225,725102,41455,514
Common stock5413
Additional paid in capital545,321531,636483,446
Accumulated deficit(319,601)(429,226)(427,945)
Total equity:225,725102,41455,514
TOTAL LIABILITIES AND EQUITY:413,913326,547303,274

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues156,234111,014106,275
Cost of revenue(37,435)(15,832)(19,872)
Cost of goods and services sold(18,748)(15,832)(19,872)
Gross profit:118,79995,18286,403
Operating expenses(79,394)(85,758)(168,558)
Other undisclosed operating income   
Operating income (loss):39,4059,424(82,155)
Nonoperating income (expense)(8,239)(9,977)36,642
Interest and debt expense1,046(10,220)(56,113)
Income (loss) from continuing operations before equity method investments, income taxes:32,212(10,773)(101,626)
Other undisclosed income (loss) from continuing operations before income taxes(1,046)10,22056,113
Income (loss) from continuing operations before income taxes:31,166(553)(45,513)
Income tax expense (benefit)78,459(728)17,369
Income (loss) from continuing operations:109,625(1,281)(28,144)
Loss before gain (loss) on sale of properties:(1,281)(28,144)
Net income (loss) available to common stockholders, basic:109,625(1,281)(28,144)
Interest on convertible debt1,560  
Net income (loss) available to common stockholders, diluted:111,185(1,281)(28,144)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):109,625(1,281)(28,144)
Comprehensive income (loss), net of tax, attributable to parent:109,625(1,281)(28,144)

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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