Akorn, Inc. (AKRX) financial statements (2020 and earlier)

Company profile

Business Address 1925 W. FIELD COURT, SUITE 300
LAKE FOREST, IL 60045
State of Incorp. LA
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2062253682023527834
Cash and cash equivalents2062253682013467134
Short-term investments   167 
Receivables14315314128315122165
Inventory, net of allowances, customer advances and progress billings16817418417518513156
Inventory16817418417518513156
Prepaid expense and other current assets6
Deferred tax assets   43338
Other undisclosed current assets183237262031 
Total current assets:534584730686751494169
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment 33531323818014482
Long-term investments and receivables   00010
Long-term investments   00010
Intangible assets, net (including goodwill)5125698551,043938983146
Goodwill26828428528428527930
Intangible assets, net (excluding goodwill)244285569759654704116
Restricted cash and investments  2  33
Deferred costs    28226
Other noncurrent assets785112 
Prepaid expense and other noncurrent assets3
Deferred tax assets, net  5432
Other undisclosed noncurrent assets  5 211112(70)
Total noncurrent assets:5429111,1791,2881,3621,269181
Other undisclosed assets322    14482
TOTAL ASSETS:1,3981,4951,9101,9742,1131,907432
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities94751231191177515
Accounts payable524052604644 
Accrued liabilities1216432432187
Employee-related liabilities3020121916138
Taxes payable0 1616240 
Debt841   5310 
Business combination, contingent consideration, liability  455 
Other undisclosed current liabilities81964551564846
Total current liabilities:1,01617117117623213461
Noncurrent Liabilities
Long-term debt and lease obligation238208158101,0211,114109
Long-term debt, excluding current maturities 8208158101,0211,114109
Finance lease, liability0
Operating lease, liability23
Liabilities, other than long-term debt10604911732
Deferred income tax liabilities1
Liability for uncertainty in income taxes250     
Liability, pension and other postretirement and postemployment benefits7     
Other liabilities 104911732
Other undisclosed noncurrent liabilities37143158231269 
Total noncurrent liabilities:708819079791,2601,386110
Total liabilities:1,0861,0511,0781,1551,4911,520172
Commitments and contingencies     7 
Stockholders' equity
Stockholders' equity attributable to parent312444831819622387260
Common stock590575550522459351239
Accumulated other comprehensive loss(25)(24)(14)(22)(17)(15)(12)
Retained earnings (accumulated deficit)(253)(107)2953191805115
Warrants and rights outstanding      18
Other undisclosed stockholders' equity     (7) 
Total stockholders' equity:312444831819622379260
TOTAL LIABILITIES AND EQUITY:1,3981,4951,9101,9742,1131,907432

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6746948411,117985593318
Revenue, net8411,117985593318
Cost of revenue
(Cost of Goods and Services Sold)
(455)(448)(408)(443)(389)(295)(146)
Other undisclosed gross profit     (0) 
Gross profit:218246433674596298172
Operating expenses(558)(634)(451)(347)(301)(201)(84)
Operating income (loss):(340)(388)(18)3282959788
Nonoperating income (expense)(28)12(3)(6)00
Other nonoperating income (expense)112(3)(7)00
Interest and debt expense(17)(5)(5)(11)(6)(13) 
Other undisclosed loss from continuing operations before equity method investments, income taxes(46)(46)(38)(43)(51)(25)(6)
Income (loss) from continuing operations before equity method investments, income taxes:(430)(438)(59)2712325983
Income from equity method investments      0
Other undisclosed income (loss) from continuing operations before income taxes12     (0)
Income (loss) from continuing operations before income taxes:(419)(438)(59)2712325983
Income tax expense (benefit)583635(87)(81)(23)(31)
Net income (loss):(361)(402)(25)1841513652
Other undisclosed net loss attributable to parent     (1) 
Net income (loss) available to common stockholders, basic:(361)(402)(25)1841513552
Interest on convertible debt    36 
Other undisclosed net income available to common stockholders, diluted   1 1 
Net income (loss) available to common stockholders, diluted:(361)(402)(25)1851544252

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(361)(402)(25)1841513652
Other comprehensive income (loss) 0  (1)(1) 
Other undisclosed comprehensive income0      
Comprehensive income (loss):(361)(402)(25)1841503552
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(10)8(5)(1)(2)(6)
Comprehensive income (loss), net of tax, attributable to parent:(360)(411)(17)1791493346

Statements sources

The financial statements are based on the company's filings with the 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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