10-Q Filing

LANTHEUS HOLDINGS, INC. CIK: 1521036 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001628280-18-005734`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	lnth-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 69 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`	$40.88M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.74M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$51.18M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$47.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$40.26M	USD	Point-in-time
Inventory	`InventoryNet`	$32.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$26.08M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.60M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.22M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$147.85M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.77M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$159.26M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	37.77M	shares	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$93.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	38.00M	shares	Point-in-time
Property, plant & equipment, net	`PropertyPlantAndEquipmentNet`	$93.78M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$11.11M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$11.80M	USD	Point-in-time
Goodwill	`Goodwill`	$15.71M	USD	Point-in-time
Goodwill	`Goodwill`	$15.71M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$83.66M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$87.01M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$28.49M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$29.08M	USD	Point-in-time
Total assets	`Assets`	$383.86M	USD	Point-in-time
Total assets	`Assets`	$392.59M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.75M	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`	$21.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.46M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$21.63M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$26.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.40M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$10.41M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$10.70M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$264.97M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$265.39M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$37.85M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$38.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$358.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$360.57M	USD	Point-in-time
Commitments and contingencies (See Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 13)	`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; 37,997 and 37,765 shares issued and outstanding, respectively)	`CommonStockValue`	$378.00K	USD	Point-in-time
Common stock ($0.01 par value, 250,000 shares authorized; 37,997 and 37,765 shares issued and outstanding, respectively)	`CommonStockValue`	$380.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$234.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$232.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-209.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-200.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$33.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$23.29M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$383.86M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$392.59M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$81.36M	USD	1 Quarter
Revenues	`Revenues`	$82.63M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$40.32M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$41.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.76M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.64M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.54M	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`	$3.99M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$27.17M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$27.84M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.05M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.42M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtBeforeWriteOffOfDeferredDebtIssuanceCost`	$-2.16M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$577.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$920.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.92M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$785.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.14M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.89M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.89M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.49M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.14M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$3.60M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$6.16M	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCosts`	$360.00K	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCosts`	$320.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$62.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$195.00K	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$285.00K	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`	$945.00K	USD	1 Quarter
Loss on extinguishment of debt and debt retirement costs	`GainsLossesOnExtinguishmentOfDebt`	$-2.20M	USD	Point-in-time
Loss on extinguishment of debt and debt retirement costs	`GainsLossesOnExtinguishmentOfDebt`	$-2.16M	USD	1 Quarter
Loss on extinguishment of debt and debt retirement costs	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Deferred taxes	`NoncashItemstoReconcileNetIncomeLosstoCashProvidedbyUsedinOperatingActivitiesDeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred taxes	`NoncashItemstoReconcileNetIncomeLosstoCashProvidedbyUsedinOperatingActivitiesDeferredIncomeTaxExpenseBenefit`	$2.92M	USD	1 Quarter
Long-term income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$841.00K	USD	1 Quarter
Long-term income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$490.00K	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`	$769.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$46.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$58.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.13M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.82M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$6.58M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.43M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.00M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.25M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.16M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.66M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.20M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.52M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-666.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.13M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$335.00K	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$1.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.56M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.14M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$274.31M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$715.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$284.55M	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.22M	USD	1 Quarter
Payments for public offering costs	`PaymentsOfStockIssuanceCosts`	$74.00K	USD	1 Quarter
Payments for public offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$514.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$632.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$206.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payments for minimum statutory tax withholding related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$709.00K	USD	1 Quarter
Payments for minimum statutory tax withholding related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$355.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-704.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.25M	USD	1 Quarter
Effect of foreign exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-2.00K	USD	1 Quarter
Effect of foreign exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-46.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.55M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.30M	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`	$76.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.74M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.18M	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`	$76.29M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.74M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.18M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$8.21M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.14M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.21M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.13M	USD	1 Quarter

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