Inotiv Inc. (NOTV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2701 KENT AVE WEST LAFAYETTE, IN 47906-1382 |
| State of Incorp. | IN |
| Fiscal Year End | September 30 |
| Industry (SIC) | 8731 - Commercial Physical and Biological Research (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22,001 | 35,492 | 18,515 | 138,924 | 1,406 | 606 | |||
| Cash and cash equivalents | 22,001 | 35,492 | 18,515 | 138,924 | 1,406 | 606 | |||
| Receivables | 2,375 | (5,633) | 89,233 | 20,734 | 8,681 | 7,178 | |||
| Inventory, net of allowances, customer advances and progress billings | 50,640 | 56,102 | 71,441 | 602 | 700 | 1,095 | |||
| Inventory | 50,640 | 56,102 | 71,441 | 602 | 700 | 1,095 | |||
| Prepaid expense | 13,773 | 19,247 | 30,292 | 2,371 | 1,200 | ||||
| Disposal group, including discontinued operation | 1,934 | 1,418 | |||||||
| Other current assets | 6,098 | 6,822 | 8,250 | ||||||
| Financing receivable, excluding accrued interest, after allowance for credit loss | 1,447 | 1,226 | ✕ | ✕ | |||||
| Other undisclosed current assets | 92,420 | 99,129 | 15,246 | 28,759 | 2,142 | 2,342 | |||
| Total current assets: | 190,688 | 213,803 | 232,977 | 189,019 | 15,300 | 12,421 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 60 | 4,778 | |||||||
| Operating lease, right-of-use asset | 48,012 | 38,866 | 32,489 | 8,358 | 4,001 | ||||
| Nontrade receivables | 75 | 130 | |||||||
| Property, plant and equipment | 191,536 | 191,068 | 186,199 | 47,978 | 28,729 | 22,828 | |||
| Intangible assets, net (including goodwill) | 394,636 | 402,714 | 503,711 | 76,160 | 8,629 | 6,491 | |||
| Goodwill | 94,286 | 94,286 | 157,825 | 51,927 | 4,368 | 3,617 | |||
| Intangible assets, net (excluding goodwill) | 300,350 | 308,428 | 345,886 | 24,233 | 4,261 | 2,874 | |||
| Deferred income tax assets | 31 | ||||||||
| Other noncurrent assets | 10,638 | 10,079 | 7,524 | 281 | 81 | 79 | |||
| Total noncurrent assets: | 644,822 | 642,727 | 729,923 | 132,837 | 46,293 | 29,559 | |||
| TOTAL ASSETS: | 835,510 | 856,530 | 962,900 | 321,856 | 61,593 | 41,980 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 54,152 | 58,340 | 87,184 | 14,940 | 5,884 | 7,561 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 5,228 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 17,460 | |||||
| Accounts payable | 30,716 | 32,564 | 28,695 | 6,163 | 3,196 | 4,941 | |||
| Accrued liabilities | 23,436 | 25,776 | 35,801 | 8,777 | 2,688 | 2,620 | |||
| Deferred revenue | 19,259 | 18,933 | 29,420 | 11,392 | 6,726 | ||||
| Debt | 8,411 | 7,950 | 8,022 | 9,680 | 10,719 | 1,109 | |||
| Restructuring reserve | 168 | 349 | |||||||
| Customer refund liability | 16,562 | 36,689 | |||||||
| Business combination, contingent consideration, liability | 167 | ||||||||
| Other liabilities | 6,729 | 5,239 | 11,913 | ||||||
| Other undisclosed current liabilities | 4,376 | 5,043 | 27,560 | 30,322 | 3,479 | 1,736 | |||
| Total current liabilities: | 109,489 | 132,194 | 164,099 | 55,109 | 31,642 | 17,481 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 370,931 | 369,795 | 330,677 | 160,802 | 22,214 | 13,771 | |||
| Long-term debt, excluding current maturities | 370,931 | 369,795 | 330,677 | 154,209 | 18,826 | 13,771 | |||
| Finance lease, liability | 39 | 44 | |||||||
| Liabilities, other than long-term debt | 100,928 | 86,051 | 108,358 | 817 | 141 | ||||
| Deferred income tax liabilities | 44,887 | 50,064 | 77,027 | 344 | 141 | ||||
| Other liabilities | 17,967 | 6,373 | 6,477 | ||||||
| Operating lease, liability | 38,074 | 29,614 | 24,854 | 6,554 | 3,344 | ||||
| Business combination, contingent consideration, liability | 473 | ||||||||
| Other undisclosed noncurrent liabilities | 18 | ||||||||
| Total noncurrent liabilities: | 471,859 | 455,846 | 439,035 | 161,619 | 22,355 | 13,789 | |||
| Total liabilities: | 581,348 | 588,040 | 603,134 | 216,728 | 53,997 | 31,270 | |||
| Equity | |||||||||
| Equity, attributable to parent | 254,162 | 269,154 | 360,372 | 105,128 | 7,596 | 10,710 | |||
| Preferred stock | 25 | 35 | |||||||
| Common stock | 6,409 | 6,406 | 6,362 | 3,945 | 2,706 | 2,589 | |||
| Additional paid in capital | 715,282 | 715,696 | 707,787 | 112,198 | 26,775 | 25,183 | |||
| Accumulated other comprehensive income (loss) | 1,577 | 330 | (5,500) | ||||||
| Accumulated deficit | (469,106) | (453,278) | (348,277) | (11,015) | (21,910) | (17,097) | |||
| Equity, attributable to noncontrolling interest | (664) | (606) | |||||||
| Total equity: | 254,162 | 268,490 | 359,766 | 105,128 | 7,596 | 10,710 | |||
| TOTAL LIABILITIES AND EQUITY: | 835,510 | 856,530 | 962,900 | 321,856 | 61,593 | 41,980 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 585,172 | 572,425 | 547,656 | 89,605 | 60,469 | 43,616 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (59,449) | (42,232) | (30,695) | |||||
| Gross profit: | 585,172 | 572,425 | 547,656 | 30,156 | 18,237 | 12,921 | ||
| Operating expenses | (151,584) | (212,222) | (389,776) | (35,774) | (21,300) | (13,074) | ||
| Other undisclosed operating loss | (433,841) | (441,663) | (421,332) | |||||
| Operating loss: | (253) | (81,460) | (263,452) | (5,618) | (3,063) | (153) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 3,528 | 237 | (59,293) | 13,420 | 15 | 9 | ||
| Interest and debt expense | (43,933) | (43,019) | (29,704) | (1,683) | (1,490) | (642) | ||
| Income (loss) from continuing operations before income taxes: | (40,658) | (124,242) | (352,449) | 6,119 | (4,538) | (786) | ||
| Income tax expense (benefit) | 6,860 | 19,340 | 15,187 | 4,776 | (147) | (4) | ||
| Income (loss) from continuing operations: | (33,798) | (104,902) | (337,262) | 10,895 | (4,685) | (790) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 10,895 | (4,685) | (790) | |
| Net income (loss): | (33,798) | (104,902) | (337,262) | 10,895 | (4,685) | (790) | ||
| Net income (loss) attributable to noncontrolling interest | 593 | (238) | 244 | |||||
| Net income (loss) available to common stockholders, basic: | (33,205) | (105,140) | (337,018) | 10,895 | (4,685) | (790) | ||
| Other undisclosed net loss available to common stockholders, diluted | (8,322) | |||||||
| Net income (loss) available to common stockholders, diluted: | (33,205) | (105,140) | (337,018) | 2,573 | (4,685) | (790) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (33,798) | (104,902) | (337,262) | 10,895 | (4,685) | (790) | ||
| Other comprehensive income (loss) | 1,783 | 5,830 | (5,500) | |||||
| Comprehensive income (loss): | (32,015) | (99,072) | (342,762) | 10,895 | (4,685) | (790) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 593 | (238) | 244 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (31,422) | (99,310) | (342,518) | 10,895 | (4,685) | (790) | ||
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.