Lannett Co Inc (LCI) financial statements (2020 and earlier)

Company profile

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

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11914099145239214146
Cash and cash equivalents11914099118225200106
Short-term investments   27141341
Receivables1581652532042129161
Inventory, net of allowances, customer advances and progress billings1521441421231154645
Inventory1521441421231154645
Prepaid expense7 1517   
Assets held-for-sale, not part of disposal group41014  
Deferred tax assets  29411611
Other current assets91457632
Total current assets:449472527524613371266
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment1841872332432179562
Intangible assets, net (including goodwill)423411764793909291
Goodwill  3403403340 
Intangible assets, net (excluding goodwill)423411424454576291
Deferred income tax assets112
Other noncurrent assets8829191420
Deferred tax assets, net1092224121214
Total noncurrent assets:7327151,0481,0801,15113877
TOTAL ASSETS:1,1811,1871,5751,6031,764509343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54397262553642
Accounts payable31135745351921
Accrued liabilities116712954
Employee-related liabilities122085111013
Taxes payable    125
Debt10467676017800
Restructuring reserve12754 
Estimated litigation liability   177  
Business combination, contingent consideration, liability    35 
Other liabilities34     
Other undisclosed current liabilities696555482785
Total current liabilities:2301772011923074447
Noncurrent Liabilities
Long-term debt and lease obligation61166277284488411
Long-term debt, excluding current maturities60666277284488411
Operating lease, liability5
Liabilities, other than long-term debt15153619  
Estimated litigation liability    13  
Other liabilities1515367  
Total noncurrent liabilities:62667777585090311
Total liabilities:8568539761,0421,2104548
Stockholders' equity
Stockholders' equity attributable to parent, including:325334599561554463294
Common stock0000   
Treasury stock, value(16)(14)(14)(9)(7)(6)(6)
Additional paid in capital317317307293283236217
Accumulated other comprehensive loss(1)(1)(1)(0)(0)(0)(0)
Retained earnings253230627827823484
Other undisclosed stockholders' equity attributable to parent    000
Stockholders' equity attributable to noncontrolling interest    000
Total stockholders' equity:325334599561554464295
TOTAL LIABILITIES AND EQUITY:1,1811,1871,5751,6031,764509343

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues570655685633542407274
Revenue, net685633542407274
Cost of revenue
(Cost of Goods and Services Sold)
(195)(32)(32)(32)(19)(100)(99)
Other undisclosed gross profit(176)(380)(364)(300)(237) (20)
Gross profit:199244289301286306154
Operating expenses(130)(506)(159)(215)(156)(80)(66)
Operating income (loss):69(262)1308613122688
Nonoperating income (expense)(78)(84)(79)(86)(69)12
Investment income, nonoperating3354 00
Other nonoperating income (expense)(1)(2)2(0)(69)12
Interest and debt expense(19)(0)(86)(89)(3)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes19086893(0)(0)
Income (loss) from continuing operations before income taxes:(9)(346)5116222790
Income tax expense (benefit)574(22)(1)(17)(77)(33)
Net income (loss):(4)(272)29(1)4515057
Net loss attributable to noncontrolling interest   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(4)(272)29(1)4515057

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(4)(272)29(1)4515057
Other comprehensive income (loss)(0)(0)(0)0 (0)(0)
Comprehensive income (loss):(4)(272)28(0)4515057
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (0)(0)(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income (loss), net of tax, attributable to parent:(4)(272)28(1)4515057

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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