Lannett Co Inc (LCI) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3414414099145239214
Cash and cash equivalents3414414099118225200
Short-term investments    271413
Receivables22514016525320421291
Inventory, net of allowances, customer advances and progress billings12214314414212311546
Inventory12214314414212311546
Prepaid expense   1517  
Assets held-for-sale, not part of disposal group331014  
Deferred tax assets  294116
Other current assets2413145763
Total current assets:408443472527524613371
Noncurrent Assets
Operating lease, right-of-use asset99
Property, plant and equipment17318018723324321795
Intangible assets, net (including goodwill)16337541176479390929
Goodwill   3403403340
Intangible assets, net (excluding goodwill)16337541142445457629
Deferred income tax assets132118
Other noncurrent assets151282919142
Deferred tax assets, net10922241212
Total noncurrent assets:4926937151,0481,0801,151138
TOTAL ASSETS:9001,1371,1871,5751,6031,764509
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56643972625536
Accounts payable43331357453519
Accrued liabilities415671295
Employee-related liabilities91620851110
Taxes payable     12
Debt39896767601780
Restructuring reserve002754 
Estimated litigation liability    177 
Business combination, contingent consideration, liability     35 
Other liabilities234    
Other undisclosed current liabilities6759655548278
Total current liabilities:16421517720119230744
Noncurrent Liabilities
Long-term debt and lease obligation5886036627728448841
Long-term debt, excluding current maturities5785936627728448841
Operating lease, liability910
Liabilities, other than long-term debt2016153619 
Estimated litigation liability     13 
Other liabilities201615367 
Total noncurrent liabilities:6076196777758509031
Total liabilities:7718348539761,0421,21045
Stockholders' equity
Stockholders' equity attributable to parent, including:129303334599561554463
Common stock00000  
Treasury stock, value(17)(16)(14)(14)(9)(7)(6)
Additional paid in capital327321317307293283236
Accumulated other comprehensive loss(1)(1)(1)(1)(0)(0)(0)
Retained earnings (accumulated deficit)(180)(1)32306278278234
Other undisclosed stockholders' equity attributable to parent     00
Stockholders' equity attributable to noncontrolling interest     00
Total stockholders' equity:129303334599561554464
TOTAL LIABILITIES AND EQUITY:9001,1371,1871,5751,6031,764509

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues543546655685633542407
Revenue, net685633542407
Cost of revenue
(Cost of Goods and Services Sold)
(435)(381)(32)(32)(32)(19)(100)
Other undisclosed gross profit  (380)(364)(300)(237) 
Gross profit:108165244289301286306
Operating expenses(331)(146)(506)(159)(215)(156)(80)
Operating income (loss):(223)20(262)13086131226
Nonoperating income (expense)(59)(68)(84)(79)(86)(69)1
Investment income, nonoperating12354 0
Other nonoperating income (expense)(1)(1)(2)2(0)(69)1
Interest and debt expense(44)(2)(0)(86)(89)(3)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes442086893(0)
Income (loss) from continuing operations before income taxes:(283)(49)(346)51162227
Income tax expense (benefit)781574(22)(1)(17)(77)
Net income (loss):(205)(33)(272)29(1)45150
Net loss attributable to noncontrolling interest    (0)(0)(0)
Net income (loss) available to common stockholders, diluted:(205)(33)(272)29(1)45150

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(205)(33)(272)29(1)45150
Other comprehensive income (loss)(0)(0)(0)(0)0 (0)
Comprehensive income (loss):(205)(33)(272)28(0)45150
Comprehensive loss, net of tax, attributable to noncontrolling interest    (0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(205)(33)(272)28(1)45150

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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