10-Q Filing

LANTHEUS HOLDINGS, INC. CIK: 1521036 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001628280-20-005914`
Period End Date	20200331
Filing Date	20200430
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	lnth10q-033120_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 20 Comprehensive Income 10

Balance Sheet 72 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`	25.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.71M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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`	$44.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.53M	USD	Point-in-time
Inventory	`InventoryNet`	$29.18M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory	`InventoryNet`	$30.81M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.28M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.75M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$172.91M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.25M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$180.38M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.25M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$116.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	39.75M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$108.61M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$7.34M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$6.93M	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`	$71.83M	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$70.45M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.63M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$22.04M	USD	Point-in-time
Total assets	`Assets`	$405.92M	USD	Point-in-time
Total assets	`Assets`	$404.12M	USD	Point-in-time
Current portion of long-term debt and other borrowings	`LongTermDebtCurrent`	$10.14M	USD	Point-in-time
Current portion of long-term debt and other borrowings	`LongTermDebtCurrent`	$10.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.61M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$32.84M	USD	Point-in-time
Accrued expenses and other liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$37.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.96M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$13.24M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.88M	USD	Point-in-time
Long-term debt, net and other borrowings	`LongTermDebtNoncurrent`	$181.49M	USD	Point-in-time
Long-term debt, net and other borrowings	`LongTermDebtNoncurrent`	$183.93M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$29.04M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$28.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$291.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$285.73M	USD	Point-in-time
Commitments and contingencies (See Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 15)	`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; 39,750 and 39,251 shares issued and outstanding, respectively)	`CommonStockValue`	$398.00K	USD	Point-in-time
Common stock ($0.01 par value, 250,000 shares authorized; 39,750 and 39,251 shares issued and outstanding, respectively)	`CommonStockValue`	$393.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$253.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$251.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-136.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-133.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.39M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-960.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$114.60M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$118.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$71.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$83.21M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$404.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$405.92M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$86.51M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$90.70M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$52.70M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$42.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.00M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.13M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.59M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.93M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$30.88M	USD	1 Quarter
Total operating expenses	`OperatingExpensesBeforeGainLossOnSaleOfAssets`	$27.91M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.59M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$350.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.76M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.53M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.19M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.95M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.43M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.10M	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	`NetIncomeLoss`	$3.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.95M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$3.32M	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationAmortizationAndAccretionNet`	$3.73M	USD	1 Quarter
Impairment of long-lived assets	`AssetImpairmentCharges`	$7.28M	USD	1 Quarter
Impairment of long-lived assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCosts`	$320.00K	USD	1 Quarter
Amortization of debt related costs	`AmortizationOfFinancingCosts`	$169.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$202.00K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$-190.00K	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$449.00K	USD	1 Quarter
Provision for excess and obsolete inventory	`InventoryWriteDown`	$511.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.72M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.08M	USD	1 Quarter
Deferred taxes	`NoncashItemstoReconcileNetIncomeLosstoCashProvidedbyUsedinOperatingActivitiesDeferredIncomeTaxExpenseBenefit`	$1.47M	USD	1 Quarter
Deferred taxes	`NoncashItemstoReconcileNetIncomeLosstoCashProvidedbyUsedinOperatingActivitiesDeferredIncomeTaxExpenseBenefit`	$1.74M	USD	1 Quarter
Long-term income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$554.00K	USD	1 Quarter
Long-term income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$802.00K	USD	1 Quarter
Long-term income tax payable and other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$705.00K	USD	1 Quarter
Long-term income tax payable and other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.02M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-452.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$6.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.04M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.75M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-465.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.10M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.15M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.15M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.46M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-913.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.29M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.85M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.41M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.47M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.55M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.55M	USD	1 Quarter
Payments on long-term debt and other borrowings	`RepaymentsOfLongTermDebt`	$2.55M	USD	1 Quarter
Payments on long-term debt and other borrowings	`RepaymentsOfLongTermDebt`	$717.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$324.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$282.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$366.00K	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`	$1.55M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.23M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.73M	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`	$-184.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.79M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.34M	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`	$113.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.92M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.71M	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`	$113.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$92.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$95.71M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$114.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$118.40M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$71.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$83.21M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.95M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.43M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$56.00K	USD	1 Quarter
Stock option exercises and employee stock plan purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedandEmployeeStockOwnershipPlan`	$366.00K	USD	1 Quarter
Stock option exercises and employee stock plan purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedandEmployeeStockOwnershipPlan`	$606.00K	USD	1 Quarter
Vesting of restricted stock awards and units	`VestingOfRestrictedStockAwardsValueNet`	-	USD	1 Quarter
Vesting of restricted stock awards and units	`VestingOfRestrictedStockAwardsValueNet`	-	USD	1 Quarter
Shares withheld to cover taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.12M	USD	1 Quarter
Shares withheld to cover taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.55M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.08M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.72M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$114.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$118.40M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$71.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$83.21M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.95M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-446.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$56.00K	USD	1 Quarter
Unrealized loss on cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-988.00K	USD	1 Quarter
Unrealized loss on cash flow hedges, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.43M	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$56.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.90M	USD	1 Quarter

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