Company Information

  

Address: 9000 STATE RD  
City: PHILADELPHIA 
State: PA 
Zip Code: 19136 
Telephone: 215-333-9000 

Description of Business

Primary SIC Code: 2834
(As filed with the SEC)  

Lannett Company, Inc. and subsidiaries (the "Company," "Lannett," "we," or "us") was incorporated in 1942 under the laws of the Commonwealth of Pennsylvania and reincorporated in 1991 as a Delaware corporation. We develop, manufacture, market and distribute generic versions of brand pharmaceutical products. We report financial information on a quarterly and fiscal year basis with the most recent being the fiscal year ended June 30, 2017. All references herein to a "fiscal year" or "Fiscal" refer to the applicable fiscal year ended June 30. The Company has experienced total net sales growth at a compounded annual growth rate in excess of 28% over the past sixteen years. In that time period, total net sales increased from $12.1 million in fiscal year 2001 to $633.3 million in fiscal year 2017.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20172.02NA11.49
09/20171.13NA16.33
06/2017-0.02NAN/E
03/2017-0.07NAN/E
12/2016-0.63NAN/E
09/2016-0.49NAN/E
06/20161.20NA19.82
03/20160.81NA22.14

Key Financial Ratios and Statistics

FYE: 06/30

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.00Total Liab/Total Assets0.65
Net Inc/Total Assets0.00Total Liab/Inv Cap0.80
Net Inc/Inv Cap0.00Total Liab/Comm Equity3.68
Pretax Inc/Net Sales0.00Interest Coverage Ratio1.01
Net Inc/Net Sales0.00Curr Debt/Equity0.19
Cash Flow/Net Sales0.26LTD/Equity1.50
SG&A/NetSales0.12Total Debt/Equity1.69
Asset Utilization   Liquidity  
Net Receivables Turnover2.61Quick Ratio2.09
Inventory Turnover2.80Current Ratio2.72
Inventory Day Sales0.01Net Rec/Curr Assets0.44
Net Sales/Work Cap1.91Inv/Curr Assets0.23
Net Sales/PP&E2.60  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 174.39 184.31 154.96 139.12
Cost of Goods Sold 107.33 96.86 87.29 80.24
Selling & Admin Exps 14.11 28.49 19.04 16.52
Operating Income 33.28 47.14 40.68 28.81
Interest Exp 22.84 20.69 20.91 20.72
Pretax Income 10.50 32.16 20.68 8.83
Other Income -15.46 5.71 0.91 0.74
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 12.77 14.02 13.26 5.73

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 123.11 167.70 116.43 144.83
Receivables - Total 238.77 256.73 243.33 232.97
Inventories - Total 133.29 135.59 125.39 122.60
Total Current Assets 521.77 568.25 507.97 523.70
Net Property, Plant & Equipment 267.40 258.21 249.28 243.15
Total Assets 1,597.49 1,659.40 1,615.79 1,603.31
Liabilities        
Accounts Payable 92.19 112.98 71.46 65.07
Debt in Current Liabilities 108.11 115.22 110.89 104.71
Total Current Liabilities 203.63 244.78 201.35 192.21
Long-Term Debt 784.69 819.22 831.67 843.53
Total Liabilities 990.52 1,066.60 1,039.52 1,042.19
Stockholder's Equity        
Minority Interest NA NA NA 0.00
Preferred Stock NA NA NA NA
Common Stock 0.04 0.04 0.04 0.04
Retained Earnings 317.82 305.05 291.03 277.77
Treasury Stock -13.82 -10.29 -9.86 -9.25
Total Stockholders' Equity 606.97 592.80 576.27 561.12
Total Liabilities and Stockholders' Equity 1,597.49 1,659.40 1,615.79 1,603.31

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 27.29 77.68 -1.58 44.91
Net Cash Provided by Investing Activities -10.56 -16.25 -10.09 -20.62
Net Cash Provided by Financing Activities -42.47 -13.91 -13.61 -38.55

Annual Summary Data (Millions)

Year Sales Net Income EPS
06/2013151.0513.320.46
06/2014273.7757.101.62
06/2015406.84149.924.04
06/2016542.4944.781.20
06/2017633.34-0.58-0.02
Growth Rates43.10----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/1821338,868--




Report Date : 6/18/2018

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