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

Company profile

Business Address COLLEGE BUSINESS & TECHNOLOGY PARK
DUBLIN 15, D15
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0717913491,261281366708
Cash and cash equivalents1,0717913491,261281366708
Restricted cash and investments     21 
Receivables539578623600466549546
Inventory, net of allowances, customer advances and progress billings345312322340336282397
Inventory345312322340336282397
Disposal group, including discontinued operation    309300 
Deferred tax assets   143165
Other current assets35015013384116207 
Other undisclosed current assets     (21)256
Total current assets:2,3041,8311,4272,2851,5071,8462,071
Noncurrent Assets
Property, plant and equipment833897982967844991949
Intangible assets, net (including goodwill)6,1857,0188,28311,85812,88813,3169,514
Goodwill   3,4833,7053,6492,402
Intangible assets, net (excluding goodwill)6,1857,0188,2838,3759,1829,6667,112
Regulated entity, other noncurrent assets     103 
Deferred costs     58 
Other noncurrent assets394594185171261251331
Deferred tax assets, net   724
Other undisclosed noncurrent assets     (168)(24)
Total noncurrent assets:7,4118,5089,45012,99613,99214,55810,794
TOTAL ASSETS:9,71510,33910,87715,28115,49916,40412,865
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities200308374285307266254
Accounts payable93140148113110133129
Accrued liabilities    8129 
Employee-related liabilities7910512499116104125
Taxes payable  2516   
Interest and dividends payable27637857   
Debt3,588634223142562221
Disposal group, including discontinued operation    12173 
Deferred tax liabilities   51
Other liabilities331485547452551568547
Other undisclosed current liabilities     (5)82
Total current liabilities:4,1191,4279441,0501,235929905
Noncurrent Liabilities
Long-term debt and lease obligation, including: 4,7416,0696,4215,7896,4743,952
Capital lease obligations  010
Operating lease, liability 70
Other undisclosed long-term debt and lease obligation 4,6716,0696,4215,7896,4733,951
Liabilities, other than long-term debt3055887491,1943,2053,5682,928
Pension and other postretirement defined benefit plans, liabilities119
Accounts payable and accrued liabilities100227  68  
Deferred revenue01
Deferred tax liabilities, net3246892,5813,1322,399
Liability, pension and other postretirement and postemployment benefits35626167145117 
Accrued environmental loss contingencies60606073737360
Other liabilities110226305364337246350
Business combination, contingent consideration, liability 12     
Other undisclosed noncurrent liabilities4,2731,64222894 121123
Total noncurrent liabilities:4,5786,9717,0467,7098,99310,1647,002
Total liabilities:8,6968,3987,9908,75910,22811,0937,907
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0191,9412,8876,5225,2715,3114,958
Treasury stock, value(1,616)(1,616)(1,617)(1,565)(763)(110)(18)
Additional paid in capital5,5885,5635,5285,4935,4135,3585,172
Accumulated other comprehensive income (loss)(10)(8)(24)(13)(86)166
Retained earnings (accumulated deficit)(2,962)(2,017)(1,018)2,58968339(286)
Other undisclosed stockholders' equity attributable to parent19191918242423
Total stockholders' equity:1,0191,9412,8876,5225,2715,3114,958
TOTAL LIABILITIES AND EQUITY:9,71510,33910,87715,28115,49916,40412,865

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
Revenues2,2133,1633,2163,2223,3813,3472,540
Revenue, net3,2223,3813,3472,540
Cost of revenue
(Cost of Goods and Services Sold)
(1,544)(1,741)(1,744)(1,565)(1,526)(1,536)(1,425)
Other undisclosed gross profit     4288
Gross profit:6691,4211,4711,6561,8551,8541,203
Operating expenses(1,212)(1,179)(1,298)(1,229)(1,221)(1,947)(1,684)
Other undisclosed operating income (loss)(109)(2,065)(3,894)(7)(17)556197
Operating income (loss):(652)(1,822)(3,721)420617462(284)
Nonoperating income (expense)764316(1)392
Foreign currency transaction gain, before tax     311
Other nonoperating income (expense)764316(1)82
Interest and debt expense(261)158(370)(369)(385)(256)(83)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(56)10851(30)1
Income (loss) from continuing operations before income taxes:(961)(1,592)(4,052)62233215(363)
Income tax expense (benefit)(9)5844301,7102569345
Income (loss) from continuing operations:(970)(1,007)(3,622)1,771489308(319)
Loss from discontinued operations     (12) 
Net income (loss):(970)(1,007)(3,622)1,771489297(319)
Other undisclosed net income (loss) attributable to parent25111536315528(1)
Net income (loss) attributable to parent:(945)(997)(3,607)2,134644325(319)
Other undisclosed net loss available to common stockholders, basic     (3) 
Net income (loss) available to common stockholders, diluted:(945)(997)(3,607)2,134644322(319)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):(970)(1,007)(3,622)1,771489297(319)
Other comprehensive income (loss)(2)1(3)373213 
Comprehensive income (loss):(971)(1,006)(3,624)1,808521309(319)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2526838636(50)(44)
Comprehensive income (loss), net of tax, attributable to parent:(946)(981)(3,617)2,194557260(362)

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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