10-Q Filing

LANTHEUS HOLDINGS, INC. CIK: 1521036 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001521036-19-000007`
Period End Date	20190331
Filing Date	20190430
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	lnth-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 21 Comprehensive Income 8

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.06M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.02M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.75M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$33.02M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$32.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.37M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.24M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$195.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$195.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.47M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.82M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$107.89M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$112.21M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.47M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.82M	shares	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$8.69M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$9.13M	USD	Point-in-time
Goodwill	`Goodwill`	$15.71M	USD	Point-in-time
Goodwill	`Goodwill`	$15.71M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNet`	$79.75M	USD	Point-in-time
Deferred tax assets, net	`DeferredTaxAssetsLiabilitiesNet`	$81.45M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$32.04M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$30.23M	USD	Point-in-time
Total assets	`Assets`	$443.91M	USD	Point-in-time
Total assets	`Assets`	$439.83M	USD	Point-in-time
Current portion of long-term debt and other borrowings	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Current portion of long-term debt and other borrowings	`LongTermDebtCurrent`	$2.85M	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`	$17.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.32M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$24.59M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$32.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.77M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$11.57M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$11.89M	USD	Point-in-time
Long-term debt, net and other borrowings	`LongTermDebtNoncurrent`	$263.29M	USD	Point-in-time
Long-term debt, net and other borrowings	`LongTermDebtNoncurrent`	$263.71M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$40.79M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$42.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$368.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$360.69M	USD	Point-in-time
Commitments and contingencies (See Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($0.01 par value, 25,000 shares authorized; no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.01 par value, 25,000 shares authorized; no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common stock ($0.01 par value, 250,000 shares authorized; 38,818 and 38,466 shares issued and outstanding, respectively)	`CommonStockValue`	$385.00K	USD	Point-in-time
Common stock ($0.01 par value, 250,000 shares authorized; 38,818 and 38,466 shares issued and outstanding, respectively)	`CommonStockValue`	$388.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$242.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$239.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-168.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-158.19M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$23.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$33.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$83.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$71.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$443.91M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$439.83M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$86.51M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$82.63M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$40.32M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$42.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.08M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.40M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.54M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.99M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.93M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$27.91M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$27.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.14M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.05M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$920.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.76M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.01M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.80M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.95M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.89M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.49M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.79M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.95M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$3.60M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$3.32M	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCosts`	$320.00K	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCosts`	$320.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$195.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$-190.00K	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$511.00K	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$1.22M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.80M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.72M	USD	1 Quarter
Deferred taxes	`NoncashItemstoReconcileNetIncomeLosstoCashProvidedbyUsedinOperatingActivitiesDeferredIncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Deferred taxes	`NoncashItemstoReconcileNetIncomeLosstoCashProvidedbyUsedinOperatingActivitiesDeferredIncomeTaxExpenseBenefit`	$1.74M	USD	1 Quarter
Long-term income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$802.00K	USD	1 Quarter
Long-term income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$841.00K	USD	1 Quarter
Long-term income tax payable and other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$854.00K	USD	1 Quarter
Long-term income tax payable and other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.02M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$46.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.04M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.82M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-465.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$6.58M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.00M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.15M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.46M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.66M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.85M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.47M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-666.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.13M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.55M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.14M	USD	1 Quarter
Payments on long-term debt and other borrowings	`RepaymentsOfLongTermDebt`	$717.00K	USD	1 Quarter
Payments on long-term debt and other borrowings	`RepaymentsOfLongTermDebt`	$715.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$514.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$324.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$206.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$282.00K	USD	1 Quarter
Payments for minimum statutory tax withholding related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.12M	USD	1 Quarter
Payments for minimum statutory tax withholding related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$709.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-704.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.23M	USD	1 Quarter
Effect of foreign exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-27.00K	USD	1 Quarter
Effect of foreign exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-46.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.34M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.55M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$112.06M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.74M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$113.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$112.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.74M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$113.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$76.29M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$23.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$83.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$71.00M	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.95M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Forfeiture of dividend equivalent right	`RestrictedStockAwardForfeituresDividends`	$355.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$56.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Stock option exercises and employee stock plan purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedandEmployeeStockOwnershipPlan`	$606.00K	USD	1 Quarter
Stock option exercises and employee stock plan purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedandEmployeeStockOwnershipPlan`	$720.00K	USD	1 Quarter
Vesting of restricted stock awards and units	`VestingOfRestrictedStockAwardsValue`	-	USD	1 Quarter
Vesting of restricted stock awards and units	`VestingOfRestrictedStockAwardsValue`	-	USD	1 Quarter
Shares withheld to cover taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.12M	USD	1 Quarter
Shares withheld to cover taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$709.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.72M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.80M	USD	1 Quarter
Balance	`StockholdersEquity`	$23.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$83.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$71.00M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.95M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$56.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$56.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.21M	USD	1 Quarter

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