Pernix Therapeutics Holdings, Inc. (PTXT) financial statements (2023 and earlier)

Company profile

Business Address 10 NORTH PARK PLACE
MORRISTOWN, NJ 07960
State of Incorp. MD
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,82036,37556,13534,85515,64723,023
Cash and cash equivalents32,82036,37556,13534,85515,64723,023
Receivables45,44052,14367,94448,85031,08638,293
Inventory, net of allowances, customer advances and progress billings5,3967,77510,03511,36213,81022,014
Inventory5,3967,77510,03511,36213,81022,014
Prepaid expense   10,3465,878
Deferred costs     493
Prepaid expense and other current assets3,888
Deferred tax assets   15,9339,3018,118
Other undisclosed current assets10,11512,61723,2857,911664(113)
Total current assets:93,771108,910157,399129,25776,38595,715
Noncurrent Assets
Property, plant and equipment7521,1032,3461,5146,8726,947
Long-term investments and receivables    4,5315,711
Long-term investments     5,711
Accounts and financing receivable, after allowance for credit loss    4,531 
Intangible assets, net (including goodwill), including:96,606169,571285,943300,48980,022104,054
Goodwill12,10030,60054,86544,90042,49737,161
Intangible assets, net (excluding goodwill)182,212328,142545,386552,27854,32258,216
Other undisclosed intangible assets, net (including goodwill)(97,706)(189,171)(314,308)(296,689)(16,797)8,678
Other noncurrent assets2,26325710,60511,2531,079
Prepaid expense and other noncurrent assets1,859
Deferred tax assets, net  (202)(9,389)(15,499)(35,536)
Other undisclosed noncurrent assets12,10030,60055,06754,28957,99672,696
Total noncurrent assets:111,721201,531353,759358,156135,001155,731
TOTAL ASSETS:205,492310,441511,158487,413211,386251,447
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities80,58023,52930,32019,1317,2477,927
Accounts payable7,9117,27514,0815,3993,4445,045
Accrued liabilities56,3095,3574,3363,5733,8032,882
Employee-related liabilities5,748     
Interest and dividends payable10,61210,89711,90310,159  
Debt3,66411,10315,04414,69033,9992,287
Other liabilities2,6485,22410,0023,2644,073 
Other undisclosed current liabilities6,90969,67278,78660,59224,14843,733
Total current liabilities:93,801109,528134,15297,67769,46853,947
Noncurrent Liabilities
Long-term debt and lease obligation, including:279,976290,321313,749292,34518,309 
Long-term debt, excluding current maturities279,976290,321313,74965,000  
Other undisclosed long-term debt and lease obligation   227,34518,309 
Liabilities, other than long-term debt5,97224,65529,95811,75514,388 
Estimated litigation liability2,00017,522    
Other liabilities2,5214,5006,73811,75514,388 
Business combination, contingent consideration, liability1,3582,40314,055 
Derivative instruments and hedges, liabilities932309,165   
Other undisclosed noncurrent liabilities  2022,044(1,501)84,651
Total noncurrent liabilities:285,948314,976343,909306,14431,19784,651
Total liabilities:379,749424,504478,061403,821100,664138,598
Temporary equity, carrying amount     34,310
Stockholders' equity
Stockholders' equity attributable to parent(174,257)(114,063)33,09783,592110,72278,539
Common stock119100611383372296
Treasury stock, value  (5,548)(5,431)(4,001)(3,772)
Additional paid in capital261,158244,309226,837129,128119,55458,607
Accumulated other comprehensive income (loss) (79)   2,975
Retained earnings (accumulated deficit)(435,534)(358,393)(188,803)(40,488)(5,202)20,433
Total stockholders' equity:(174,257)(114,063)33,09783,592110,72278,539
TOTAL LIABILITIES AND EQUITY:205,492310,441511,158487,413211,386251,447

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues146,068140,856175,850121,74784,87261,313
Revenue, net11811519121,74784,87261,313
Cost of revenue(46,606)(43,320)(51,408)(2,600)(6,359)(24,575)
Cost of goods and services sold(44,631)(43,320)(51,408)(46,356)(45,156)(24,575)
Gross profit:99,46297,536124,442119,14778,51336,737
Operating expenses(155,921)(237,864)(225,696)(105,972)(95,662)(39,360)
Other undisclosed operating income (loss)   (43,389)(37,512)933
Operating loss:(56,459)(140,328)(101,254)(30,214)(54,661)(1,689)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(20,309)(28,823)(39,999)(18,797)8,269 
Interest and debt expense(3,296)(2,440)(1,618)(2,333)  
Loss from continuing operations before equity method investments, income taxes:(80,064)(171,591)(142,871)(51,344)(46,391)(1,689)
Other undisclosed income from continuing operations before income taxes3,2962,4401,6182,333  
Loss from continuing operations before income taxes:(76,768)(169,151)(141,253)(49,011)(46,391)(1,689)
Income tax expense (benefit)(373)(439)(7,062)13,72520,756374
Net loss:(77,141)(169,590)(148,315)(35,286)(25,635)(1,315)
Other undisclosed net loss attributable to parent     (95)
Net loss available to common stockholders, diluted:(77,141)(169,590)(148,315)(35,286)(25,635)(1,410)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(77,141)(169,590)(148,315)(35,286)(25,635)(1,315)
Other comprehensive income (loss)79(79)    
Comprehensive loss:(77,062)(169,669)(148,315)(35,286)(25,635)(1,315)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (2,975)1,791
Comprehensive income (loss), net of tax, attributable to parent:(77,062)(169,669)(148,315)(35,286)(28,610)476

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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