LANNETT CO INC: 10-Q filed 2020-05-07
What LANNETT CO INC reported in its quarterly report filed 2020-05-07 (fiscal Q3 2020): 53 published measures, 144 facts as tagged in accession 0001558370-20-005713.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2020-05-07
- Fiscal period
- fiscal Q3 2020
- Accession
- 0001558370-20-005713 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 2020-03-31 | 1,159,151,000 | USD | |
| At 2019-06-30 | 1,187,413,000 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-03-31 | 848,613,000 | USD | |
| At 2019-06-30 | 853,372,000 | 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 | Days |
|---|---|---|---|
| At 2020-03-31 | 101,455,000 | USD | |
| At 2019-06-30 | 140,249,000 | USD | |
| At 2019-03-31 | 205,207,000 | USD | |
| At 2018-06-30 | 98,586,000 | USD |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 50,381,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | 181,727,000 | USD | 274 |
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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 13,105,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | 18,501,000 | USD | 274 |
Contract revenue excluding tax
Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 144,372,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 407,824,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 172,794,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 521,566,000 | USD | 274 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | -55,376,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -74,320,000 | USD | 274 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | -33,773,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -730,000 | USD | 274 |
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 2020-03-31 | 8,410,000 | USD | |
| At 2019-06-30 | 32,075,000 | 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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 38,707,049 | shares | 91 |
| 2019-07-01 to 2020-03-31 | 38,539,850 | shares | 275 |
| 2019-01-01 to 2019-03-31 | 37,842,224 | shares | 90 |
| 2018-07-01 to 2019-03-31 | 37,729,099 | shares | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 38,707,049 | shares | 91 |
| 2019-07-01 to 2020-03-31 | 38,539,850 | shares | 275 |
| 2019-01-01 to 2019-03-31 | 39,330,847 | shares | 90 |
| 2018-07-01 to 2019-03-31 | 37,729,099 | shares | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -0.43 | USD/shares | 91 |
| 2019-07-01 to 2020-03-31 | -0.61 | USD/shares | 275 |
| 2019-01-01 to 2019-03-31 | 0.28 | USD/shares | 90 |
| 2018-07-01 to 2019-03-31 | -7.01 | USD/shares | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -0.43 | USD/shares | 91 |
| 2019-07-01 to 2020-03-31 | -0.61 | USD/shares | 275 |
| 2019-01-01 to 2019-03-31 | 0.27 | USD/shares | 90 |
| 2018-07-01 to 2019-03-31 | -7.01 | USD/shares | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -1,664,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | -5,185,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 1,359,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | -71,594,000 | USD | 274 |
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 2020-03-31 | 181,408,000 | USD | |
| At 2019-06-30 | 186,670,000 | 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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 8,336,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | 6,974,000 | USD | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -2,092,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 24,087,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 33,378,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | -271,723,000 | USD | 274 |
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 2020-03-31 | 443,308,000 | USD | |
| At 2019-06-30 | 472,249,000 | 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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 16,177,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 52,163,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 21,485,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 64,430,000 | USD | 274 |
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 2020-03-31 | 224,756,000 | USD | |
| At 2019-06-30 | 176,622,000 | 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 2020-03-31 | 33,834,000 | USD | |
| At 2019-06-30 | 13,493,000 | USD |
Net finite-lived intangible assets
Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-03-31 | 333,044,000 | USD | |
| At 2019-06-30 | 362,780,000 | 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 2020-03-31 | 180,356,000 | USD | |
| At 2019-06-30 | 164,752,000 | 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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 1,854,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | 531,000 | USD | 274 |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 43,768,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 101,541,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 31,939,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 465,991,000 | USD | 274 |
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 2020-03-31 | 135,955,000 | USD | |
| At 2019-06-30 | 143,971,000 | 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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 41,676,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 125,628,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 65,317,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 194,268,000 | USD | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 22,147,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 60,876,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 21,649,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 65,434,000 | USD | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 7,441,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 23,287,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 9,838,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 29,371,000 | USD | 274 |
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 2020-03-31 | 38,741,712 | shares | |
| At 2019-06-30 | 38,010,714 | 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 2020-03-31 | -641,000 | USD | |
| At 2019-06-30 | -615,000 | USD | |
| At 2019-03-31 | -571,000 | 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 2020-03-31 | 310,538,000 | USD | |
| At 2019-12-31 | 325,172,000 | USD | |
| At 2019-06-30 | 334,041,000 | USD | |
| At 2019-03-31 | 339,300,000 | USD | |
| At 2018-12-31 | 326,511,000 | USD | |
| At 2018-06-30 | 598,915,000 | USD |
Operating lease right-of-use asset
Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-03-31 | 9,774,000 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-03-31 | 11,234,000 | USD |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-03-31 | 694,617,000 | USD | |
| At 2019-06-30 | 729,048,000 | 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 2020-03-31 | 99,748,000 | USD | |
| At 2019-06-30 | 83,424,000 | 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 2020-03-31 | 401,044,000 | USD | |
| At 2019-06-30 | 411,229,000 | 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 2020-03-31 | 11,824,000 | USD | |
| At 2019-06-30 | 7,960,000 | USD |
Other noncurrent liabilities
Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-03-31 | 14,115,000 | USD | |
| At 2019-06-30 | 14,547,000 | 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 2020-03-31 | 14,115,000 | USD | |
| At 2019-06-30 | 5,805,000 | USD |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -16,592,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | -23,665,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 10,645,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | -264,521,000 | USD | 274 |
Depreciation expense
Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 6,200,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 17,900,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 5,500,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 17,700,000 | USD | 274 |
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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 41,386,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | 42,030,000 | USD | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | 8,300,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | 23,500,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | 7,900,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | 24,300,000 | USD | 274 |
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 |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -380,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | -181,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | -401,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | -1,409,000 | USD | 274 |
Nonoperating income or expense
Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-01-01 to 2020-03-31 | -16,164,000 | USD | 91 |
| 2019-07-01 to 2020-03-31 | -52,937,000 | USD | 275 |
| 2019-01-01 to 2019-03-31 | -21,374,000 | USD | 90 |
| 2018-07-01 to 2019-03-31 | -64,392,000 | USD | 274 |
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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | -2,488,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -80,478,000 | USD | 274 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 39,554,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | 50,725,000 | USD | 274 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 7,775,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -6,410,000 | USD | 274 |
Operating lease payments
Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 1,439,000 | USD | 275 |
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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 15,604,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -97,673,000 | USD | 274 |
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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | -8,016,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -1,766,000 | USD | 274 |
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 |
|---|---|---|---|
| 2019-07-01 to 2020-03-31 | 20,341,000 | USD | 275 |
| 2018-07-01 to 2019-03-31 | -24,965,000 | USD | 274 |
Inspect the source
- Entity
- LANNETT CO INC / CIK 0000057725
- Captured
- SEC response SHA-256
f8a3687bdcc4aa741d124eaaa64b6f072be61e6849adf27777a05b20417863c7
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0000057725.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))