LANNETT CO INC: 10-Q filed 2012-02-08

Name: LANNETT CO INC: 10-Q filed 2012-02-08
Creator: LANNETT CO INC
License: https://creativecommons.org/licenses/by/4.0/

What LANNETT CO INC reported in its quarterly report filed 2012-02-08 (fiscal Q2 2012): 41 published measures, 112 facts as tagged in accession 0001104659-12-007768.

This filing

Form: 10-Q (quarterly report)
Filed: 2012-02-08
Fiscal period: fiscal Q2 2012
Accession: 0001104659-12-007768 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All LANNETT CO INC filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2011-12-31	148,097,656	USD
At 2011-06-30	147,744,298	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2011-12-31	40,801,671	USD
At 2011-06-30	42,055,124	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2011-12-31	19,949,952	USD
At 2011-06-30	5,276,735	USD
At 2010-12-31	23,217,833	USD
At 2010-06-30	21,895,648	USD

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	2,263,108	USD	184
2010-07-01 to 2010-12-31	4,146,111	USD	184

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2011-12-31	10,102,796	USD
At 2011-06-30	9,287,732	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	28,526,658	shares	92
2011-07-01 to 2011-12-31	28,479,195	shares	184
2010-10-01 to 2010-12-31	25,420,474	shares	92
2010-07-01 to 2010-12-31	25,160,002	shares	184

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	28,773,477	shares	92
2011-07-01 to 2011-12-31	28,733,435	shares	184
2010-10-01 to 2010-12-31	25,773,609	shares	92
2010-07-01 to 2010-12-31	25,510,792	shares	184

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	0.02	USD/shares	92
2011-07-01 to 2011-12-31	0.03	USD/shares	184
2010-10-01 to 2010-12-31	0.09	USD/shares	92
2010-07-01 to 2010-12-31	0.08	USD/shares	184

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	0.02	USD/shares	92
2011-07-01 to 2011-12-31	0.03	USD/shares	184
2010-10-01 to 2010-12-31	0.09	USD/shares	92
2010-07-01 to 2010-12-31	0.08	USD/shares	184

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	519,499	USD	92
2011-07-01 to 2011-12-31	731,315	USD	184
2010-10-01 to 2010-12-31	1,393,909	USD	92
2010-07-01 to 2010-12-31	1,004,365	USD	184

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2011-12-31	30,041,836	USD
At 2011-06-30	29,929,781	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	1,161,747	USD	184
2010-07-01 to 2010-12-31	892,093	USD	184

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	494,696	USD	92
2011-07-01 to 2011-12-31	1,939,739	USD	184
2010-10-01 to 2010-12-31	3,821,096	USD	92
2010-07-01 to 2010-12-31	3,081,987	USD	184

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2011-12-31	96,062,971	USD
At 2011-06-30	94,141,864	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	72,704	USD	92
2011-07-01 to 2011-12-31	149,708	USD	184
2010-10-01 to 2010-12-31	76,008	USD	92
2010-07-01 to 2010-12-31	146,852	USD	184

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2011-12-31	33,892,357	USD
At 2011-06-30	34,860,211	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2011-12-31	13,654,993	USD
At 2011-06-30	18,377,782	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2011-12-31	36,722,141	USD
At 2011-06-30	33,464,440	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	479,433	USD	184
2010-07-01 to 2010-12-31	220,890	USD	184

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2011-12-31	23,868,256	USD
At 2011-06-30	26,902,521	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	7,426,681	USD	92
2011-07-01 to 2011-12-31	16,042,720	USD	184
2010-10-01 to 2010-12-31	8,356,686	USD	92
2010-07-01 to 2010-12-31	14,260,627	USD	184

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	4,419,254	USD	92
2011-07-01 to 2011-12-31	9,163,767	USD	184
2010-10-01 to 2010-12-31	2,874,879	USD	92
2010-07-01 to 2010-12-31	7,475,560	USD	184

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	2,512,731	USD	92
2011-07-01 to 2011-12-31	4,939,214	USD	184
2010-10-01 to 2010-12-31	1,660,711	USD	92
2010-07-01 to 2010-12-31	3,703,080	USD	184

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2011-12-31	28,553,469	shares
At 2011-06-30	28,403,946	shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2011-12-31	-11,920	USD
At 2011-06-30	23,899	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2011-12-31	107,295,985	USD
At 2011-06-30	105,689,174	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2011-12-31	56,479,375	USD
At 2011-06-30	54,516,229	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2011-12-31	26,437,539	USD
At 2011-06-30	24,586,448	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2011-12-31	5,369,430	USD
At 2011-06-30	5,909,636	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2011-12-31	1,178,246	USD
At 2011-06-30	1,555,831	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2011-12-31	1,041,157	USD
At 2011-06-30	1,354,095	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	629,595	USD	92
2011-07-01 to 2011-12-31	851,668	USD	184
2010-10-01 to 2010-12-31	2,359,996	USD	92
2010-07-01 to 2010-12-31	1,965,874	USD	184

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	609,455	USD	92
2011-07-01 to 2011-12-31	815,064	USD	184
2010-10-01 to 2010-12-31	2,353,154	USD	92
2010-07-01 to 2010-12-31	1,949,593	USD	184

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	2,801,725	USD	184
2010-07-01 to 2010-12-31	2,366,238	USD	184

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	470,410	USD	92
2011-07-01 to 2011-12-31	938,606	USD	184
2010-10-01 to 2010-12-31	473,456	USD	92
2010-07-01 to 2010-12-31	922,123	USD	184

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2011-10-01 to 2011-12-31	654,398	USD	92
2011-07-01 to 2011-12-31	-356,756	USD	184
2010-10-01 to 2010-12-31	-67,191	USD	92
2010-07-01 to 2010-12-31	-111,748	USD	184

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	690,672	USD	184
2010-07-01 to 2010-12-31	1,700,998	USD	184

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	134,864	USD	184
2010-07-01 to 2010-12-31	334,514	USD	184

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	3,257,701	USD	184
2010-07-01 to 2010-12-31	-3,019,634	USD	184

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	-3,034,265	USD	184
2010-07-01 to 2010-12-31	2,347,215	USD	184

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2011-07-01 to 2011-12-31	-4,722,789	USD	184
2010-07-01 to 2010-12-31	-1,972,243	USD	184

Inspect the source

Entity: LANNETT CO INC / CIK 0000057725
Captured: 2026-09-22 19:28 UTC
SEC response SHA-256: f8a3687bdcc4aa741d124eaaa64b6f072be61e6849adf27777a05b20417863c7

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