2013 Q4 Form 10-Q Financial Statement

#000110465913079467 Filed on October 31, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q1
Revenue $154.5M $139.8M $163.4M
YoY Change 13.68% 12.76% 25.23%
Cost Of Revenue $42.90M $45.42M $47.99M
YoY Change 10.24% 9.48% -6.08%
Gross Profit $111.6M $94.38M $115.4M
YoY Change 15.06% 14.42% 45.38%
Gross Profit Margin 72.23% 67.51% 70.63%
Selling, General & Admin $44.20M $39.45M $34.68M
YoY Change 47.99% 25.54% -10.62%
% of Gross Profit 39.61% 41.8% 30.04%
Research & Development $48.70M $45.95M $35.80M
YoY Change 55.5% 30.95% -20.8%
% of Gross Profit 43.64% 48.68% 31.01%
Depreciation & Amortization $23.40M $23.70M $18.32M
YoY Change 25.81% 26.06% -11.06%
% of Gross Profit 20.97% 25.11% 15.87%
Operating Expenses $105.7M $85.40M $70.48M
YoY Change 72.75% 28.39% -26.28%
Operating Profit $5.900M -$3.878M $18.98M
YoY Change -76.64% -171.5% -217.19%
Interest Expense $3.477M $11.47M
YoY Change -84.65% -217.07%
% of Operating Profit 60.44%
Other Income/Expense, Net -$3.000M -$3.651M -$11.12M
YoY Change -34.74% -83.18% 3606.0%
Pretax Income $2.900M -$7.529M $7.866M
YoY Change -85.97% -53.77% -111.6%
Income Tax -$15.20M $233.0K $4.867M
% Of Pretax Income -524.14% 61.87%
Net Earnings $18.10M -$7.800M $3.000M
YoY Change 11.04% -53.29% -104.73%
Net Earnings / Revenue 11.72% -5.58% 1.84%
Basic Earnings Per Share -$0.06 $0.02
Diluted Earnings Per Share $0.12 -$0.06 $0.02
COMMON SHARES
Basic Shares Outstanding 136.8M shares 136.1M shares 133.3M shares
Diluted Shares Outstanding 136.1M shares 139.7M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $362.2M $339.4M $221.4M
YoY Change 73.06% 70.18% 16.23%
Cash & Equivalents $167.6M $173.5M $96.96M
Short-Term Investments $194.7M $165.9M $124.4M
Other Short-Term Assets $27.50M $23.00M $19.10M
YoY Change 116.54% 82.54% 51.59%
Inventory $46.22M $40.71M $43.48M
Prepaid Expenses
Receivables $134.2M $120.4M $124.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $570.1M $523.6M $408.6M
YoY Change 47.12% 47.52% 20.47%
LONG-TERM ASSETS
Property, Plant & Equipment $274.5M $274.4M $288.4M
YoY Change -6.06% -7.11% -4.81%
Goodwill $92.74M $92.74M $92.74M
YoY Change 0.0% 0.0%
Intangibles $537.6M $550.4M $576.0M
YoY Change -8.31% -7.78% -6.77%
Long-Term Investments $87.80M $55.80M $82.80M
YoY Change 192.67% 541.38% 48.65%
Other Assets $14.89M $15.50M $21.71M
YoY Change -35.32% -29.28% -18.98%
Total Long-Term Assets $1.007B $988.9M $1.062B
YoY Change -1.64% -2.64% -3.13%
TOTAL ASSETS
Total Short-Term Assets $570.1M $523.6M $408.6M
Total Long-Term Assets $1.007B $988.9M $1.062B
Total Assets $1.578B $1.512B $1.470B
YoY Change 11.75% 10.35% 2.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.49M $12.12M $18.28M
YoY Change 35.36% -22.22% -0.64%
Accrued Expenses $71.70M $52.20M $58.60M
YoY Change 34.52% 21.96% -3.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.750M $6.750M $6.750M
YoY Change 0.0% 0.0% 117.74%
Total Short-Term Liabilities $100.9M $73.72M $85.93M
YoY Change 30.56% 7.24% -3.63%
LONG-TERM LIABILITIES
Long-Term Debt $357.5M $359.1M $362.3M
YoY Change -1.33% -1.3% -17.92%
Other Long-Term Liabilities $12.58M $17.49M $23.26M
YoY Change 24.26% 65.89% 165.8%
Total Long-Term Liabilities $370.1M $376.6M $385.5M
YoY Change -0.63% 0.59% -14.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.9M $73.72M $85.93M
Total Long-Term Liabilities $370.1M $376.6M $385.5M
Total Liabilities $512.4M $495.5M $517.9M
YoY Change 4.18% 2.04% -10.91%
SHAREHOLDERS EQUITY
Retained Earnings -$482.3M -$500.4M -$499.9M
YoY Change -4.11% -3.63% -4.76%
Common Stock $1.555B $1.526B $1.460B
YoY Change 8.65% 8.17% 5.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.83M $14.40M $5.380M
YoY Change 231.78% 269.9% 842.21%
Treasury Stock Shares 689.9K shares 596.4K shares 313.5K shares
Shareholders Equity $1.065B $1.017B $952.4M
YoY Change
Total Liabilities & Shareholders Equity $1.578B $1.512B $1.470B
YoY Change 11.75% 10.35% 2.44%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q1
OPERATING ACTIVITIES
Net Income $18.10M -$7.800M $3.000M
YoY Change 11.04% -53.29% -104.73%
Depreciation, Depletion And Amortization $23.40M $23.70M $18.32M
YoY Change 25.81% 26.06% -11.06%
Cash From Operating Activities $38.10M $41.40M $55.40M
YoY Change 45.42% -16.7% 262.09%
INVESTING ACTIVITIES
Capital Expenditures -$9.900M -$5.600M $8.259M
YoY Change 253.57% 24.44% -200.72%
Acquisitions
YoY Change
Other Investing Activities -$47.40M $2.900M -$103.5M
YoY Change 65.73% -95.86% 666.67%
Cash From Investing Activities -$57.30M -$2.700M -$111.8M
YoY Change 83.07% -104.12% 417.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.688M
YoY Change
Cash From Financing Activities 13.20M 18.40M 17.60M
YoY Change 53.49% -126.86% 291.11%
NET CHANGE
Cash From Operating Activities 38.10M 41.40M 55.40M
Cash From Investing Activities -57.30M -2.700M -111.8M
Cash From Financing Activities 13.20M 18.40M 17.60M
Net Change In Cash -6.000M 57.10M -38.80M
YoY Change -271.43% 22.01% 2055.56%
FREE CASH FLOW
Cash From Operating Activities $38.10M $41.40M $55.40M
Capital Expenditures -$9.900M -$5.600M $8.259M
Free Cash Flow $48.00M $47.00M $47.14M
YoY Change 65.52% -13.28% 100.6%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Use Of Estimates
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">1. THE COMPANY</font></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Alkermes&#160;plc is a fully integrated, global biopharmaceutical company that applies its scientific expertise and proprietary technologies to develop innovative medicines that improve patient outcomes. The Company has a diversified portfolio of more than 20 commercial drug products and a substantial clinical pipeline of product candidates that address CNS disorders such as addiction, schizophrenia and depression. Headquartered in Dublin,&#160;Ireland, Alkermes has an R&amp;D center in Waltham, Massachusetts; R&amp;D and manufacturing facilities in Athlone,&#160;Ireland; and manufacturing facilities in Gainesville, Georgia and Wilmington, Ohio.</font></p> </div>
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