Lannett Co Inc (LCI) Financial Statements (2023 and Earlier)

Company Profile

Business Address 9000 STATE RD
PHILADELPHIA, PA 19136
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments999314414099145239
Cash and cash equivalents999314414099118225
Short-term investments     2714
Receivables102134140165253204212
Inventory, net of allowances, customer advances and progress billings106110143144142123115
Inventory106110143144142123115
Prepaid expense    1517 
Assets held-for-sale, not part of disposal group13331014  
Deferred tax assets  2941
Other current assets15141314576
Total current assets:335354443472527524613
Noncurrent Assets
Operating lease, right-of-use asset10119
Property, plant and equipment143167180187233243217
Intangible assets, net (including goodwill)91138375411764793909
Goodwill    340340334
Intangible assets, net (excluding goodwill)91138375411424454576
Deferred income tax assets  118
Other noncurrent assets1615128291914
Deferred tax assets, net109222412
Total noncurrent assets:2603306937151,0481,0801,151
TOTAL ASSETS:5956841,1371,1871,5751,6031,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities47536439726255
Accounts payable26303313574535
Accrued liabilities11131567129
Employee-related liabilities101116208511
Taxes payable      1
Debt  89676760178
Restructuring reserve1002754
Estimated litigation liability     177
Business combination, contingent consideration, liability      35
Other liabilities4234   
Other undisclosed current liabilities38355965554827
Total current liabilities:8990215177201192307
Noncurrent Liabilities
Long-term debt and lease obligation614602603662772844884
Long-term debt, excluding current maturities603591593662772844884
Operating lease, liability111110
Liabilities, other than long-term debt181916153619
Estimated litigation liability      13
Other liabilities18191615367
Total noncurrent liabilities:632621619677775850903
Total liabilities:7217118348539761,0421,210
Stockholders' equity
Stockholders' equity attributable to parent, including:(126)(27)303334599561554
Common stock000000 
Treasury stock, value(18)(17)(16)(14)(14)(9)(7)
Additional paid in capital361355321317307293283
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(0)(0)
Retained earnings (accumulated deficit)(468)(365)(1)32306278278
Other undisclosed stockholders' equity attributable to parent      0
Stockholders' equity attributable to noncontrolling interest      0
Total stockholders' equity:(126)(27)303334599561554
TOTAL LIABILITIES AND EQUITY:5956841,1371,1871,5751,6031,764

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues406479546655685633542
Revenue, net685633542
Cost of revenue
(Cost of Goods and Services Sold)
(335)(403)(381)(32)(32)(32)(19)
Other undisclosed gross profit   (380)(364)(300)(237)
Gross profit:7176165244289301286
Operating expenses(168)(313)(146)(506)(159)(215)(156)
Operating income (loss):(97)(237)20(262)13086131
Nonoperating expense(66)(66)(68)(84)(79)(86)(69)
Other nonoperating income (expense)(2)(2)(1)(2)2(0)(69)
Interest and debt expense(11)(10)(2)(0)(86)(89)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(28) 2086893
Income (loss) from continuing operations before equity method investments, income taxes:(202)(313)(49)(346)51162
Other undisclosed income from continuing operations before income taxes3910     
Income (loss) from continuing operations before income taxes:(163)(303)(49)(346)51162
Income tax expense (benefit)(125)(61)1574(22)(1)(17)
Net income (loss):(288)(363)(33)(272)29(1)45
Net loss attributable to noncontrolling interest     (0)(0)
Net income (loss) available to common stockholders, diluted:(288)(363)(33)(272)29(1)45

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(288)(363)(33)(272)29(1)45
Other comprehensive income (loss)00(0)(0)(0)0 
Comprehensive income (loss):(288)(363)(33)(272)28(0)45
Comprehensive loss, net of tax, attributable to noncontrolling interest     (0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(288)(363)(33)(272)28(1)45

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: