Recro Pharma, Inc. (REPH) financial statements (2022 and earlier)
Company profile
| Business Address |
1 E. UWCHLAN AVE, SUITE 112 EXTON, PA 19341 |
| State of Incorp. | PA |
| 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 25,217 | 23,760 | 19,148 | 38,514 | 64,482 | 64,483 | 19,779 | ||
| Cash and cash equivalents | 25,217 | 23,760 | 19,148 | 38,514 | 60,984 | 64,483 | 19,779 | ||
| Short-term investments | 3,498 | ||||||||
| Receivables | 11,913 | 9,033 | 14,389 | 12,866 | 9,686 | 10,411 | 8,616 | ||
| Inventory, net of allowances, customer advances and progress billings | 8,917 | 11,612 | 15,072 | 10,699 | 9,839 | 8,746 | 8,982 | ||
| Inventory | 8,917 | 11,612 | 15,072 | 10,699 | 9,839 | 8,746 | 8,982 | ||
| Prepaid expense | 757 | ||||||||
| Contract with customer, asset | 8,565 | 7,330 | 8,851 | 5,201 | ✕ | ✕ | ✕ | ||
| Deferred costs | 542 | ||||||||
| Other undisclosed current assets | 2,917 | 2,334 | 2,700 | 3,861 | 3,276 | 1,118 | |||
| Total current assets: | 57,529 | 54,069 | 60,160 | 71,141 | 87,283 | 84,758 | 38,676 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,924 | 485 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 51,708 | 43,841 | 42,212 | 45,640 | 39,074 | 37,300 | 37,922 | ||
| Intangible assets, net (including goodwill) | 44,910 | 5,019 | 7,602 | 38,712 | 41,296 | 43,879 | 46,462 | ||
| Goodwill | 41,077 | 4,319 | 4,319 | 6,446 | 6,446 | 6,446 | 6,446 | ||
| Intangible assets, net (excluding goodwill) | 3,833 | 700 | 3,283 | 32,266 | 34,850 | 37,433 | 40,016 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 18,573 | 17,060 | 15,637 | |||
| Other undisclosed noncurrent assets | 246 | 486 | |||||||
| Total noncurrent assets: | 102,788 | 49,346 | 50,299 | 84,352 | 98,943 | 98,239 | 100,021 | ||
| TOTAL ASSETS: | 160,317 | 103,415 | 110,459 | 155,493 | 186,226 | 182,997 | 138,697 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,085 | 6,329 | 5,165 | 18,675 | 17,851 | 14,025 | 4,971 | ||
| Accounts payable | 2,085 | 1,804 | 989 | 4,510 | 7,954 | 4,132 | 1,553 | ||
| Accrued liabilities | 4,525 | 4,176 | 14,165 | 9,897 | 9,893 | 3,418 | |||
| Debt | 1,474 | 148 | 2,236 | 4,516 | |||||
| Due to related parties | 2,039 | ||||||||
| Disposal group, including discontinued operation | 1,172 | ||||||||
| Business combination, contingent consideration, liability | 10,354 | 32,053 | |||||||
| Other undisclosed current liabilities | 13,611 | ||||||||
| Total current liabilities: | 17,735 | 7,803 | 6,485 | 29,029 | 49,904 | 16,261 | 9,487 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 97,059 | 108,097 | 110,686 | 64,243 | 53,598 | 22,152 | 25,244 | ||
| Long-term debt, excluding current maturities | 92,127 | 108,097 | 110,319 | 64,243 | 53,598 | 22,152 | 25,244 | ||
| Operating lease, liability | 4,932 | 367 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 3,369 | 1,248 | 80,558 | 50,360 | |||||
| Deferred revenue | 1,248 | ✕ | ✕ | ✕ | ✕ | ||||
| Due to related parties | 3,369 | ||||||||
| Business combination, contingent consideration, liability | 80,558 | 50,360 | |||||||
| Other undisclosed noncurrent liabilities | 90 | 367 | 1,163 | 3,516 | 72,971 | 63,616 | |||
| Total noncurrent liabilities: | 100,518 | 109,712 | 110,686 | 145,964 | 107,474 | 95,123 | 88,860 | ||
| Total liabilities: | 118,253 | 117,515 | 117,171 | 174,993 | 157,378 | 111,384 | 98,347 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 42,064 | (14,100) | (6,712) | (19,500) | 28,848 | 71,613 | 40,350 | ||
| Common stock | 467 | 286 | 233 | 218 | 191 | 190 | 92 | ||
| Additional paid in capital | 287,351 | 219,998 | 199,938 | 168,535 | 140,006 | 132,691 | 71,321 | ||
| Accumulated other comprehensive loss | (1) | ||||||||
| Accumulated deficit | (245,754) | (234,384) | (206,883) | (188,253) | (111,348) | (61,268) | (31,063) | ||
| Total stockholders' equity: | 42,064 | (14,100) | (6,712) | (19,500) | 28,848 | 71,613 | 40,350 | ||
| TOTAL LIABILITIES AND EQUITY: | 160,317 | 103,415 | 110,459 | 155,493 | 186,226 | 182,997 | 138,697 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 75,360 | 66,499 | 99,219 | 77,347 | 71,834 | 69,337 | 51,952 | |
| Cost of revenue | (55,537) | (54,134) | (53,097) | (46,676) | (46,177) | (41,514) | (31,740) | |
| Cost of goods and services sold | (55,537) | (54,134) | (50,981) | (43,160) | (38,193) | (37,152) | (28,054) | |
| Gross profit: | 19,823 | 12,365 | 46,122 | 30,671 | 25,657 | 27,823 | 20,212 | |
| Operating expenses | (19,411) | (20,707) | (22,492) | (84,714) | (65,968) | (53,596) | (27,182) | |
| Operating income (loss): | 412 | (8,342) | 23,630 | (54,043) | (40,311) | (25,773) | (6,970) | |
| Nonoperating income (Investment Income, Nonoperating) | 512 | 385 | 49 | 12 | ||||
| Interest and debt expense | (11,782) | (19,159) | (19,806) | (8,756) | (12,034) | (5,588) | (5,560) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,370) | (27,501) | 3,824 | (62,287) | (51,960) | (31,312) | (12,518) | |
| Other undisclosed income from continuing operations before income taxes | 19,806 | |||||||
| Income (loss) from continuing operations before income taxes: | (11,370) | (27,501) | 23,630 | (62,287) | (51,960) | (31,312) | (12,518) | |
| Income tax expense (benefit) | 677 | 7,135 | (1,012) | (17,436) | 1,880 | 1,107 | 15,551 | |
| Income (loss) from continuing operations: | (10,693) | (20,366) | 22,618 | (79,723) | (50,080) | (30,205) | 3,033 | |
| Loss from discontinued operations | (23,255) | |||||||
| Income (loss) before gain (loss) on sale of properties: | (10,693) | (20,366) | (637) | (79,723) | (50,080) | (30,205) | 3,033 | |
| Other undisclosed net loss | (677) | (7,135) | (17,993) | |||||
| Net income (loss) available to common stockholders, basic: | (11,370) | (27,501) | (18,630) | (79,723) | (50,080) | (30,205) | 3,033 | |
| Dilutive securities, effect on basic earnings per share | (1,174) | |||||||
| Net income (loss) available to common stockholders, diluted: | (11,370) | (27,501) | (18,630) | (79,723) | (50,080) | (30,205) | 1,859 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (11,370) | (27,501) | (18,630) | (79,723) | (50,080) | (30,205) | 3,033 | |
| Other comprehensive income (loss) | 1 | (1) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (11,370) | (27,501) | (18,630) | (79,722) | (50,081) | (30,205) | 3,033 | |
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.