Mallinckrodt plc (MNK) financial statements (2021 and earlier)

Company profile

Business Address 3 LOTUS PARK, THE CAUSEWAY
SURREY, TW18 3AG
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
9/30/2016
9/30/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7913491,261281366708276
Cash and cash equivalents7913491,261281366708276
Restricted cash and investments    21  
Receivables578623600466549546401
Inventory, net of allowances, customer advances and progress billings312322340336282397403
Inventory312322340336282397403
Disposal group, including discontinued operation   309300  
Deferred tax assets   143165171
Other current assets15013384116207  
Other undisclosed current assets    (21)256134
Total current assets:1,8311,4272,2851,5071,8462,0711,385
Noncurrent Assets
Property, plant and equipment897982967844991949997
Intangible assets, net (including goodwill)7,0188,28311,85812,88813,3169,514954
Goodwill  3,4833,7053,6492,402532
Intangible assets, net (excluding goodwill)7,0188,2838,3759,1829,6667,112422
Regulated entity, other noncurrent assets    103  
Deferred costs    58  
Other noncurrent assets594185171261251331220
Deferred tax assets, net   7248
Other undisclosed noncurrent assets    (168)(24)(8)
Total noncurrent assets:8,5089,45012,99613,99214,55810,7942,172
TOTAL ASSETS:10,33910,87715,28115,49916,40412,8653,557
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities308374285307266254187
Accounts payable140148113110133129121
Accrued liabilities   8129  
Employee-related liabilities1051249911610412567
Taxes payable 2516    
Interest and dividends payable637857    
Debt6342231425622212
Disposal group, including discontinued operation   12173  
Deferred tax liabilities   512
Other liabilities485547452551568547377
Other undisclosed current liabilities    (5)8233
Total current liabilities:1,4279441,0501,235929905600
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,7416,0696,4215,7896,4743,952918
Capital lease obligations  0102
Operating lease, liability70
Other undisclosed long-term debt and lease obligation4,6716,0696,4215,7896,4733,951917
Liabilities, other than long-term debt5887491,1943,2053,5682,928629
Pension and other postretirement defined benefit plans, liabilities119108
Accounts payable and accrued liabilities227  68   
Deferred revenue1
Deferred tax liabilities, net3246892,5813,1322,399310
Liability, pension and other postretirement and postemployment benefits626167145117 
Accrued environmental loss contingencies60607373736040
Other liabilities226305364337246350172
Business combination, contingent consideration, liability12     
Other undisclosed noncurrent liabilities1,64222894 121123153
Total noncurrent liabilities:6,9717,0467,7098,99310,1647,0021,701
Total liabilities:8,3987,9908,75910,22811,0937,9072,301
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9412,8876,5225,2715,3114,9581,256
Treasury stock, value(1,616)(1,617)(1,565)(763)(110)(18) 
Additional paid in capital5,5635,5285,4935,4135,3585,1721,102
Accumulated other comprehensive income (loss)(8)(24)(13)(86)166109
Retained earnings (accumulated deficit)(2,017)(1,018)2,58968339(286)34
Other undisclosed stockholders' equity attributable to parent19191824242312
Total stockholders' equity:1,9412,8876,5225,2715,3114,9581,256
TOTAL LIABILITIES AND EQUITY:10,33910,87715,28115,49916,40412,8653,557

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

12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Revenues3,1633,2163,2223,3813,3472,5402,205
Revenue, net3,2223,3813,3472,5402,205
Cost of revenue
(Cost of Goods and Services Sold)
(1,741)(1,744)(1,565)(1,526)(1,536)(1,425)(1,236)
Other undisclosed gross profit    428857
Gross profit:1,4211,4711,6561,8551,8541,2031,025
Operating expenses(1,179)(1,298)(1,229)(1,221)(1,947)(1,684)(847)
Other undisclosed operating income (loss)(2,065)(3,894)(7)(17)556197(33)
Operating income (loss):(1,822)(3,721)420617462(284)145
Nonoperating income (expense)64316(1)39215
Foreign currency transaction gain, before tax    31114
Other nonoperating income (expense)64316(1)821
Interest and debt expense158(370)(369)(385)(256)(83)(20)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10851(30)1(14)
Income (loss) from continuing operations before income taxes:(1,592)(4,052)62233215(363)126
Income tax expense (benefit)5844301,7102569345(69)
Income (loss) from continuing operations:(1,007)(3,622)1,771489308(319)58
Loss from discontinued operations    (12)  
Net income (loss):(1,007)(3,622)1,771489297(319)58
Other undisclosed net income (loss) attributable to parent111536315528(1)1
Net income (loss) attributable to parent:(997)(3,607)2,134644325(319)59
Other undisclosed net loss available to common stockholders, basic    (3)  
Net income (loss) available to common stockholders, diluted:(997)(3,607)2,134644322(319)59

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Net income (loss):(1,007)(3,622)1,771489297(319)58
Other comprehensive income (loss)1(3)373213  
Comprehensive income (loss):(1,006)(3,624)1,808521309(319)58
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26838636(50)(44)29
Comprehensive income (loss), net of tax, attributable to parent:(981)(3,617)2,194557260(362)87

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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