Akorn, Inc. (AKRX) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 22536820235278
Cash and cash equivalents 22536820134671
Short-term investments   167
Receivables 153141283151221
Inventory, net of allowances, customer advances and progress billings 174184175185131
Inventory 174184175185131
Deferred tax assets   4333
Other undisclosed current assets 3237262031
Total current assets: 584730686751494
Noncurrent Assets
Property, plant and equipment 335313238180144
Long-term investments and receivables   000
Long-term investments   000
Intangible assets, net (including goodwill) 5698551,043938983
Goodwill 284285284285279
Intangible assets, net (excluding goodwill) 285569759654704
Restricted cash and investments  2  3
Deferred costs    2822
Other noncurrent assets 85112
Deferred tax assets, net  543
Other undisclosed noncurrent assets  5 211112
Total noncurrent assets: 9111,1791,2881,3621,269
Other undisclosed assets     144
TOTAL ASSETS: 1,4951,9101,9742,1131,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 7512311911775
Accounts payable 4052604644
Accrued liabilities 1643243218
Employee-related liabilities 2012191613
Taxes payable  1616240
Debt    5310
Business combination, contingent consideration, liability  455 
Other undisclosed current liabilities 9645515648
Total current liabilities: 171171176232134
Noncurrent Liabilities
Long-term debt and lease obligation 8208158101,0211,114
Long-term debt, excluding current maturities 8208158101,0211,114
Liabilities, other than long-term debt 60491173
Liability for uncertainty in income taxes 50    
Other liabilities 10491173
Other undisclosed noncurrent liabilities 143158231269
Total noncurrent liabilities: 8819079791,2601,386
Total liabilities: 1,0511,0781,1551,4911,520
Commitments and contingencies     7
Stockholders' equity
Stockholders' equity attributable to parent 444831819622387
Common stock 575550522459351
Accumulated other comprehensive loss (24)(14)(22)(17)(15)
Retained earnings (accumulated deficit) (107)29531918051
Other undisclosed stockholders' equity     (7)
Total stockholders' equity: 444831819622379
TOTAL LIABILITIES AND EQUITY: 1,4951,9101,9742,1131,907

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 6948411,117985593
Revenue, net8411,117985593
Cost of revenue
(Cost of Goods and Services Sold)
 (448)(408)(443)(389)(295)
Other undisclosed gross profit     (0)
Gross profit: 246433674596298
Operating expenses (634)(451)(347)(301)(201)
Operating income (loss): (388)(18)32829597
Nonoperating income (expense) 12(3)(6)0
Other nonoperating income (expense) 12(3)(7)0
Interest and debt expense (5)(5)(11)(6)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes (46)(38)(43)(51)(25)
Income (loss) from continuing operations before income taxes: (438)(59)27123259
Income tax expense (benefit) 3635(87)(81)(23)
Net income (loss): (402)(25)18415136
Other undisclosed net loss attributable to parent     (1)
Net income (loss) available to common stockholders, basic: (402)(25)18415135
Interest on convertible debt    36
Other undisclosed net income available to common stockholders, diluted   1 1
Net income (loss) available to common stockholders, diluted: (402)(25)18515442

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (402)(25)18415136
Other comprehensive income (loss) 0  (1)(1)
Comprehensive income (loss): (402)(25)18415035
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (10)8(5)(1)(2)
Comprehensive income (loss), net of tax, attributable to parent: (411)(17)17914933

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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