Avadel Pharmaceuticals plc (AVDL) financial statements (2020 and earlier)

Company profile

Business Address BLOCK 10-1 BLANCHARDSTOWN CORPORATE PARK
DUBLIN, 15
State of Incorp.
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments641394154145
Cash and cash equivalents109173965
Short-term investments5437811580
Receivables1014171912
Inventory, net of allowances, customer advances and progress billings45634
Inventory45634
Prepaid expense22733
Other current assets00   
Other undisclosed current assets391013
Total current assets:82125124181166
Noncurrent Assets
Property, plant and equipment12333
Intangible assets, net (including goodwill)19201114134
Goodwill1818181818
Intangible assets, net (excluding goodwill)12922316
Other noncurrent assets39361080
Deferred tax assets, net  1012
Other undisclosed noncurrent assets10752 
Total noncurrent assets:69651296449
TOTAL ASSETS:151190253245215
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2625592614
Accounts payable647711
Accrued liabilities202251174
Taxes payable 0010
Debt 0000
Due to related parties692534 
Business combination, contingent consideration, liability    29
Deferred revenue and credits225
Contract with customer, liability0
Other liabilities43100
Other undisclosed current liabilities1    
Total current liabilities:3638876249
Noncurrent Liabilities
Long-term debt and lease obligation122116011
Long-term debt, excluding current maturities122116011
Liabilities, other than long-term debt21338114098
Deferred tax liabilities, net   1
Due to related parties121974135 
Other liabilities914752
Business combination, contingent consideration, liability    94
Other undisclosed noncurrent liabilities2    
Total noncurrent liabilities:1451498114198
Total liabilities:181188168203147
Stockholders' equity
Stockholders' equity attributable to parent(29)3864268
Common stock00006
Treasury stock, value(50)(50)(22)  
Additional paid in capital434434393385364
Accumulated other comprehensive loss(23)(23)(23)(24)(23)
Accumulated deficit(391)(358)(263)(320)(280)
Total stockholders' equity:(29)3864268
TOTAL LIABILITIES AND EQUITY:151190253245215

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues59103173150173
Revenue, net173150173
Cost of revenue(17)(25)(23)(27)(23)
Cost of goods and services sold(12)(18)(16)(13)(11)
Gross profit:4278151123150
Operating expenses(66)(183)(61)(128)(78)
Operating income (loss):(24)(105)90(5)71
Nonoperating income (expense)(2)24313
Investment income, nonoperating(2)0323
Foreign currency transaction gain (loss), before tax  (1)111
Other nonoperating income (expense)(0)22  
Interest and debt expense(12)(11)(1)(8)(6)
Income (loss) from continuing operations before income taxes:(39)(113)93(10)78
Income tax expense (benefit)518(24)(32)(38)
Net income (loss) available to common stockholders, diluted:(33)(95)68(41)41

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(33)(95)68(41)41
Comprehensive income (loss):(33)(95)68(41)41
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(0)0(1)(15)
Comprehensive income (loss), net of tax, attributable to parent:(33)(95)69(42)25

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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