10-Q Filing

LANTHEUS HOLDINGS, INC. CIK: 1521036 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-154209`
Period End Date	20170331
Filing Date	20170502
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	lnth-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 60 Comprehensive Income 8

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.88M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.60M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$39.93M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$36.82M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$17.64M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$19.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.08M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.18M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$106.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.76M	shares	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$94.19M	USD	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$92.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.08M	shares	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$15.12M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$14.29M	USD	Point-in-time
Goodwill	`Goodwill`	$15.71M	USD	Point-in-time
Goodwill	`Goodwill`	$15.71M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$20.79M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$20.06M	USD	Point-in-time
Total assets	`Assets`	$249.56M	USD	Point-in-time
Total assets	`Assets`	$255.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$3.65M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Revolving line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.94M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$21.25M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$18.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.13M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$9.63M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$9.37M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$266.33M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$274.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$34.74M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$35.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$350.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$362.41M	USD	Point-in-time
Commitments and contingencies (See Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.01 par value, 25,000,000 shares authorized; no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.01 par value, 25,000,000 shares authorized; no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.01 par value, 250,000,000 shares authorized; 37,077,587 and 36,756,106 shares issued and outstanding, respectively)	`CommonStockValue`	$371.00K	USD	Point-in-time
Common stock ($0.01 par value, 250,000,000 shares authorized; 37,077,587 and 36,756,106 shares issued and outstanding, respectively)	`CommonStockValue`	$367.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$226.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$227.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-332.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-328.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-951.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-947.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.16M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-106.52M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$255.90M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$249.56M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$76.47M	USD	1 Quarter
Revenues	`Revenues`	$81.36M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$41.60M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$42.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.76M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.21M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$9.31M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.04M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$21.86M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$27.84M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$5.83M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.02M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.16M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$577.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$64.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$390.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$785.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.14M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.32M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.89M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.60M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.14M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.32M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$6.16M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$4.11M	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$497.00K	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$285.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$945.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$407.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$5.83M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.16M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-986.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-643.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.63M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.13M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.43M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$304.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.04M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.25M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.07M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.81M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.52M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$9.00M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$335.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.65M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.90M	USD	1 Quarter
Redemption of certificate of deposit-restricted	`ProceedsFromSaleOfRestrictedInvestments`	-	USD	1 Quarter
Redemption of certificate of deposit-restricted	`ProceedsFromSaleOfRestrictedInvestments`	$74.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.56M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.42M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$933.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$284.55M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$274.31M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$632.00K	USD	1 Quarter
Payments for minimum statutory tax withholding related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$355.00K	USD	1 Quarter
Payments for minimum statutory tax withholding related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.22M	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-74.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-11.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.25M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-944.00K	USD	1 Quarter
Effect of foreign exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$26.00K	USD	1 Quarter
Effect of foreign exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-2.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.30M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.28M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.18M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.60M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.14M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.32M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$340.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$340.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.66M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.13M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.