Lantheus Holdings, Inc. Reports 2017 Fourth Quarter and Full Year Financial Results; Provides 2018 Guidance
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Company exceeds full year 2017 guidance, posts revenues of
$331.4 million , net income of$123.4 million and Adjusted EBITDA of$94.1 million ; full year 2017 worldwide revenues increase 9.8%; DEFINITY® worldwide revenues increase 19.5% over prior year -
Posts fourth quarter 2017 worldwide revenues of
$81.2 million , a 9.3% increase over prior year period; fourth quarter DEFINITY worldwide revenues increase 22.2% -
Provides 2018 financial guidance, including revenues of
$337 to $342 million and Adjusted EBITDA of$85 to $90 million
The Company’s worldwide revenues for the fourth quarter of 2017 totaled
Net income for the fourth quarter of 2017 totaled
The Company’s fourth quarter 2017 Adjusted EBITDA (as outlined in the
GAAP to non-GAAP reconciliation provided below) was
“We are pleased to announce such a successful finish to 2017, a
milestone year for the Company on many fronts,” commented
Outlook
The Company anticipates worldwide revenues for full year 2018 of
approximately
The Company anticipates full year 2018 Adjusted EBITDA, as described in
the GAAP to non-GAAP reconciliation provided later in this release, of
The Company’s guidance for worldwide revenues and Adjusted EBITDA are forward-looking statements. They are subject to various risks and uncertainties that could cause the Company’s actual results to differ materially from guidance. Forward-looking statements are not predictions of the Company’s actual performance. See the cautionary information about forward-looking statements in the “Safe-Harbor Statement” section of this press release.
Internet Posting of Information
The Company routinely posts information that may be important to investors in the “Investors” section of its website at www.lantheus.com. The Company encourages investors and potential investors to consult its website regularly for important information about the Company.
Conference Call and Webcast
As previously announced, the Company will host a conference call
starting at
A replay of the audio webcast will be available in the Investors section of our website at www.lantheus.com approximately two hours after completion of the call and will be archived for 30 days.
The conference call will include a discussion of non-GAAP financial
measures. Reference is made to the most directly comparable GAAP
financial measures, the reconciliation of the differences between the
two financial measures, and the other information included in this press
release, our Form 8-K filed with the
The conference call may include forward-looking statements. See the cautionary information about forward-looking statements in the safe-harbor section of this press release.
About
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, such as revenues excluding the impact of foreign currency; adjusted operating income; adjusted net income and its line components; Adjusted EBITDA; adjusted net income per share - diluted; and free cash flow. The Company’s management believes that the presentation of these measures provides useful information to investors. These measures may assist investors in evaluating the Company’s operations, period over period. The measures may exclude such items which may be highly variable, difficult to predict and of a size that could have substantial impact on the Company’s reported results of operations for a period. Management uses these and other non-GAAP measures internally for evaluation of the performance of the business, including the allocation of resources and the evaluation of results relative to employee performance compensation targets. Investors should consider these non-GAAP measures only as a supplement to, not as a substitute for or as superior to, measures of financial performance prepared in accordance with GAAP.
Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” as defined
under U.S. federal securities laws, including statements about our 2018
outlook. Forward-looking statements may be identified by their use of
terms such as anticipate, believe, confident, could, estimate, expect,
intend, may, plan, predict, project, target, will and other similar
terms. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results to materially differ from
those described in the forward- looking statements. Readers are
cautioned not to place undue reliance on the forward-looking statements
contained herein, which speak only as of the date hereof. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments
or otherwise, except as may be required by law. Risks and uncertainties
that could cause our actual results to materially differ from those
described in the forward-looking statements are discussed in our filings
with the
– Tables Follow –
Lantheus Holdings, Inc. |
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Consolidated Statements of Operations |
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(in thousands, except per share data – unaudited) |
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Three Months Ended December 31, |
Year Ended December 31, |
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2017 | 2016 | 2017 | 2016 | |||||||||||||
Revenues | $ | 81,241 | $ | 74,350 | $ | 331,378 | $ | 301,853 | ||||||||
Cost of goods sold | 43,342 | 39,703 | 169,243 | 164,073 | ||||||||||||
Gross profit | 37,899 | 34,647 | 162,135 | 137,780 | ||||||||||||
Operating expenses | ||||||||||||||||
Sales and marketing | 10,423 | 8,686 | 42,315 | 36,542 | ||||||||||||
General and administrative | 14,293 | 9,990 | 49,842 | 38,832 | ||||||||||||
Research and development | 3,976 | 3,710 | 18,125 | 12,203 | ||||||||||||
Total operating expenses | 28,692 | 22,386 | 110,282 | 87,577 | ||||||||||||
Gain (loss) on sales of assets | — | (120 | ) | — | 6,385 | |||||||||||
Operating income | 9,207 | 12,141 | 51,853 | 56,588 | ||||||||||||
Interest expense | 4,263 | 5,819 | 18,410 | 26,618 | ||||||||||||
Debt retirement costs | — | 481 | — | 1,896 | ||||||||||||
Loss on extinguishment of debt | 281 | — | 2,442 | — | ||||||||||||
Other (income) expense | (6,601 | ) | 97 | (8,638 | ) | (220 | ) | |||||||||
Income before income taxes | 11,264 | 5,744 | 39,639 | 28,294 | ||||||||||||
Income tax (benefit) provision | (85,862 | ) | 875 | (83,746 | ) | 1,532 | ||||||||||
Net income | $ | 97,126 | $ | 4,869 | $ | 123,385 | $ | 26,762 | ||||||||
Net income per common share: | ||||||||||||||||
Basic | $ | 2.58 | $ | 0.13 | $ | 3.31 | $ | 0.84 | ||||||||
Diluted | $ | 2.47 | $ | 0.13 | $ | 3.17 | $ | 0.82 | ||||||||
Weighted-average common shares outstanding: | ||||||||||||||||
Basic | 37,580 | 36,173 | 37,276 | 32,044 | ||||||||||||
Diluted | 39,294 | 37,853 | 38,892 | 32,656 | ||||||||||||
Lantheus Holdings, Inc. |
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Consolidated Segment Revenues Analysis |
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(in thousands – unaudited) |
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Three Months Ended December 31, |
Year Ended December 31, |
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2017 | 2016 | % Change | 2017 | 2016 | % Change | |||||||||||||||||
United States |
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DEFINITY | $ | 40,546 | $ | 33,180 | 22.2 | % | $ | 153,581 | $ | 128,677 | 19.4 | % | ||||||||||
TechneLite | 21,339 | 21,130 | 1.0 | % | 90,489 | 85,412 | 5.9 | % | ||||||||||||||
Xenon | 7,664 | 7,458 | 2.8 | % | 31,373 | 29,078 | 7.9 | % | ||||||||||||||
Other | 1,747 | 2,965 | (41.1 | )% | 14,559 | 14,253 | 2.1 | % | ||||||||||||||
Total United States | 71,296 | 64,733 | 10.1 | % | 290,002 | 257,420 | 12.7 | % | ||||||||||||||
International |
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DEFINITY | 1,153 | 932 | 23.7 | % | 3,687 | 2,935 | 25.6 | % | ||||||||||||||
TechneLite | 3,405 | 3,466 | (1.8 | )% | 14,155 | 13,805 | 2.5 | % | ||||||||||||||
Xenon | — | 2 | (100.0 | )% | 4 | 8 | (50.0 | )% | ||||||||||||||
Other | 5,387 | 5,217 | 3.3 | % | 23,530 | 27,685 | (15.0 | )% | ||||||||||||||
Total International | 9,945 | 9,617 | 3.4 | % | 41,376 | 44,433 | (6.9 | )% | ||||||||||||||
Worldwide |
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DEFINITY | 41,699 | 34,112 | 22.2 | % | 157,268 | 131,612 | 19.5 | % | ||||||||||||||
TechneLite | 24,744 | 24,596 | 0.6 | % | 104,644 | 99,217 | 5.5 | % | ||||||||||||||
Xenon | 7,664 | 7,460 | 2.7 | % | 31,377 | 29,086 | 7.9 | % | ||||||||||||||
Other | 7,134 | 8,182 | (12.8 | )% | 38,089 | 41,938 | (9.2 | )% | ||||||||||||||
Total Revenues | $ | 81,241 | $ | 74,350 | 9.3 | % | $ | 331,378 | $ | 301,853 | 9.8 | % | ||||||||||
Lantheus Holdings, Inc. |
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Supplemental Revenue Information |
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(unaudited) |
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December 31, 2017 | |||||||||||||||
Quarter to Date Sales Growth/(Decline) | |||||||||||||||
Domestic |
Int’l |
Int’l As |
Total |
Total As |
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Products | |||||||||||||||
DEFINITY | 22.2 | % | 20.0 | % | 23.7 | % | 22.1 | % | 22.2 | % | |||||
TechneLite | 1.0 | % | (5.7 | )% | (1.8 | )% | — | % | 0.6 | % | |||||
Xenon | 2.8 | % | (100.0 | )% | (100.0 | )% | 2.7 | % | 2.7 | % | |||||
Other | (41.1 | )% | 2.8 | % | 3.3 | % | (13.1 | )% | (12.8 | )% | |||||
Total Revenues | 10.1 | % | 1.4 | % | 3.4 | % | 9.0 | % | 9.3 | % | |||||
December 31, 2017 | |||||||||||||||
Year to Date Sales Growth/(Decline) | |||||||||||||||
Domestic |
Int’l |
Int’l As |
Total |
Total As |
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Products | |||||||||||||||
DEFINITY | 19.4 | % | 23.7 | % | 25.6 | % | 19.5 | % | 19.5 | % | |||||
TechneLite | 5.9 | % | 0.8 | % | 2.5 | % | 5.2 | % | 5.5 | % | |||||
Xenon | 7.9 | % | (50.0 | )% | (50.0 | )% | 7.9 | % | 7.9 | % | |||||
Other | 2.1 | % | (14.9 | )% | (15.0 | )% | (9.1 | )% | (9.2 | )% | |||||
Total Revenues | 12.7 | % | (7.5 | )% | (6.9 | )% | 9.7 | % | 9.8 | % | |||||
Lantheus Holdings, Inc. |
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Reconciliation of Revenues to Revenues Excluding the Impact of Foreign Currency |
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(in thousands – unaudited) |
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Three Months Ended December 31, 2017 |
Year Ended December 31, 2017 |
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International |
Total |
International |
Total |
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Revenues | $ | 9,945 | $ | 81,241 | $ | 41,376 | $ | 331,378 | ||||||||
Currency impact as compared to prior period | (194 | ) | (194 | ) | (274 | ) | (274 | ) | ||||||||
Revenues, excluding the impact of foreign currency | $ | 9,751 | $ | 81,047 | $ | 41,102 | $ | 331,104 | ||||||||
Lantheus Holdings, Inc. |
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Reconciliation of GAAP to Non-GAAP Financial Measures |
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(in thousands – unaudited) |
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Three Months Ended December 31, |
Year Ended December 31, |
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2017 | 2016 | 2017 | 2016 | |||||||||||||
Operating income | $ | 9,207 | $ | 12,141 | $ | 51,853 | $ | 56,588 | ||||||||
Campus consolidation costs including depreciation | 731 | 1,181 | 6,510 | 1,181 | ||||||||||||
Offering and other costs | (26 | ) | 117 | 576 | 117 | |||||||||||
Non-recurring refinancing related fees | 836 | — | 2,557 | — | ||||||||||||
Loss (gain) on sales of assets | — | 120 | — | (6,385 | ) | |||||||||||
One-time contract and termination costs | 2,210 | — | 2,210 | — | ||||||||||||
Loss on impairment of land | 912 | — | 912 | — | ||||||||||||
Adjusted operating income | $ | 13,870 | $ | 13,559 | $ | 64,618 | $ | 51,501 | ||||||||
Adjusted operating income, as a percentage of revenues | 17.1 | % | 18.2 | % | 19.5 | % | 17.1 | % | ||||||||
Lantheus Holdings, Inc. |
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Reconciliation of GAAP to Non-GAAP Financial Measures |
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(in thousands, except per share data – unaudited) |
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Three Months Ended |
Year Ended |
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2017 | 2016 | 2017 | 2016 | |||||||||||||
Net income | $ | 97,126 | $ | 4,869 | $ | 123,385 | $ | 26,762 | ||||||||
Reconciling items impacting operating income: | ||||||||||||||||
Campus consolidation costs including depreciation | 731 | 1,181 | 6,510 | 1,181 | ||||||||||||
Offering and other costs | (26 | ) | 117 | 576 | 117 | |||||||||||
Non-recurring refinancing related fees | 836 | — | 2,557 | — | ||||||||||||
Loss (gain) on sales of assets | — | 120 | — | (6,385 | ) | |||||||||||
One-time contract and termination costs | 2,210 | — | 2,210 | — | ||||||||||||
Reconciling items impacting non-operating expenses and income taxes: | ||||||||||||||||
Loss on impairment of land | 912 | — | 912 | — | ||||||||||||
Loss on debt extinguishment and retirement costs | 281 | 481 | 2,442 | 1,896 | ||||||||||||
Income tax benefit for release of valuation allowance | (141,094 | ) | — | (141,094 | ) | — | ||||||||||
Impact of tax rate change on deferred taxes | 45,129 | — | 45,129 | — | ||||||||||||
Income tax effect of non-GAAP adjustments(a) | (1,248 | ) | — | (3,840 | ) | — | ||||||||||
Adjusted net income | $ | 4,857 | $ | 6,768 | $ | 38,787 | $ | 23,571 | ||||||||
Adjusted net income, as a percentage of revenues | 6.0 | % | 9.1 | % | 11.7 | % | 7.8 | % | ||||||||
Three Months Ended |
Year Ended |
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2017 | 2016 | 2017 | 2016 | |||||||||||||
Net income per share - diluted | $ | 2.47 | $ | 0.13 | $ | 3.17 | $ | 0.82 | ||||||||
Reconciling items impacting operating income: | ||||||||||||||||
Campus consolidation costs including depreciation | 0.02 | 0.04 | 0.17 | 0.04 | ||||||||||||
Offering and other costs | — | — | 0.01 | — | ||||||||||||
Non-recurring refinancing related fees | 0.02 | — | 0.07 | — | ||||||||||||
Loss (gain) on sales of assets | — | — | — | (0.20 | ) | |||||||||||
One-time contract and termination costs | 0.06 | — | 0.06 | — | ||||||||||||
Reconciling items impacting non-operating expenses and income taxes: | ||||||||||||||||
Loss on impairment of land | 0.02 | — | 0.02 | — | ||||||||||||
Loss on debt extinguishment and retirement costs | 0.01 | 0.01 | 0.06 | 0.06 | ||||||||||||
Income tax benefit for release of valuation allowance | (3.60 | ) | — | (3.62 | ) | — | ||||||||||
Impact of tax rate change on deferred taxes | 1.15 | — | 1.16 | — | ||||||||||||
Tax effect of non-GAAP adjustments(a) | (0.03 | ) | — | (0.10 | ) | — | ||||||||||
Adjusted net income per share - diluted | $ | 0.12 | $ | 0.18 | $ | 1.00 | $ | 0.72 | ||||||||
Weighted-average common shares outstanding - diluted | 39,294 | 37,853 | 38,892 | 32,656 |
(a) The income tax effect of the adjustments between GAAP net income and non-GAAP adjusted net income takes into account the tax treatment and related tax rate that apply to each adjustment in the applicable tax jurisdiction.
Lantheus Holdings, Inc. |
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Reconciliation of GAAP Reported to Non-GAAP Adjusted Information |
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Certain Line Items and Other Information |
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(in thousands, except per share data – unaudited) |
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Three Months Ended | |||||||||||||||||||||||
December 31, 2017 | December 31, 2016 | ||||||||||||||||||||||
GAAP | Adjustments |
Non-GAAP |
GAAP | Adjustments |
Non-GAAP |
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Cost of goods sold | $ | 43,342 | $ | (1,200 | ) | (a) | $ | 42,142 | $ | 39,703 | $ | — | $ | 39,703 | |||||||||
Gross profit | $ | 37,899 | $ | 1,200 | $ | 39,099 | $ | 34,647 | $ | — | $ | 34,647 | |||||||||||
General and administrative | $ | 14,293 | $ | (3,463 | ) | (b) | $ | 10,830 | $ | 9,990 | $ | (117 | ) | (d) | $ | 9,873 | |||||||
Research and development | $ | 3,976 | $ | — | $ | 3,976 | $ | 3,710 | $ | (1,181 | ) | (e) | $ | 2,529 | |||||||||
Loss on sales of assets | $ | — | $ | — | $ | — | $ | (120 | ) | $ | 120 | $ | — | ||||||||||
Operating income | $ | 9,207 | $ | 4,663 | $ | 13,870 | $ | 12,141 | $ | 1,418 | $ | 13,559 | |||||||||||
Debt retirement costs | $ | — | $ | — | $ | — | $ | 481 | $ | (481 | ) | $ | — | ||||||||||
Loss on extinguishment of debt | $ | 281 | $ | (281 | ) | $ | — | $ | — | $ | — | $ | — | ||||||||||
Income before income taxes | $ | 11,264 | $ | 4,944 | $ | 16,208 | $ | 5,744 | $ | 1,899 | $ | 7,643 | |||||||||||
Income tax (benefit) provision | $ | (85,862 | ) | $ | 97,213 | (c) | $ | 11,351 | $ | 875 | $ | — | $ | 875 | |||||||||
Net income | $ | 97,126 | $ | (92,269 | ) | $ | 4,857 | $ | 4,869 | $ | 1,899 | $ | 6,768 | ||||||||||
Net income per common share - diluted | $ | 2.47 | $ | 0.12 | $ | 0.13 | $ | 0.18 | |||||||||||||||
(a) One-time contract and termination costs.
(b) Includes campus consolidation costs (including depreciation expense)
of $0.7 million, one-time contract and termination costs of
(c) Includes the income tax effect of non-GAAP adjustments and the
income tax benefit due to the release of our valuation allowance of
(d) Offering and other costs.
(e) Campus consolidation costs (including depreciation expense).
Lantheus Holdings, Inc. |
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Reconciliation of GAAP Reported to Non-GAAP Adjusted Information |
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Certain Line Items and Other Information |
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(in thousands, except per share data – unaudited) |
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Twelve Months Ended | |||||||||||||||||||||||
December 31, 2017 | December 31, 2016 | ||||||||||||||||||||||
GAAP | Adjustments |
Non-GAAP |
GAAP | Adjustments |
Non-GAAP |
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Cost of goods sold | $ | 169,243 | $ | (1,200 | ) | (a) | $ | 168,043 | $ | 164,073 | $ | — | $ | 164,073 | |||||||||
Gross profit | $ | 162,135 | $ | 1,200 | $ | 163,335 | $ | 137,780 | $ | — | $ | 137,780 | |||||||||||
General and administrative | $ | 49,842 | $ | (11,565 | ) | (b) | $ | 38,277 | $ | 38,832 | $ | (117 | ) | (d) | $ | 38,715 | |||||||
Research and development | $ | 18,125 | $ | — | $ | 18,125 | $ | 12,203 | $ | (1,181 | ) | (e) | $ | 11,022 | |||||||||
Gain on sales of assets | $ | — | $ | — | $ | — | $ | 6,385 | $ | (6,385 | ) | $ | — | ||||||||||
Operating income | $ | 51,853 | $ | 12,765 | $ | 64,618 | $ | 56,588 | $ | (5,087 | ) | $ | 51,501 | ||||||||||
Debt retirement costs | $ | — | $ | — | $ | — | $ | 1,896 | $ | (1,896 | ) | $ | — | ||||||||||
Loss on extinguishment of debt | $ | 2,442 | $ | (2,442 | ) | $ | — | $ | — | $ | — | $ | — | ||||||||||
Income before income taxes | $ | 39,639 | $ | 15,207 | $ | 54,846 | $ | 28,294 | $ | (3,191 | ) | $ | 25,103 | ||||||||||
Income tax (benefit) provision | $ | (83,746 | ) | $ | 99,805 | (c) | $ | 16,059 | $ | 1,532 | $ | — | $ | 1,532 | |||||||||
Net income | $ | 123,385 | $ | (84,598 | ) | $ | 38,787 | $ | 26,762 | $ | (3,191 | ) | $ | 23,571 | |||||||||
Net income per common share - diluted | $ | 3.17 | $ | 1.00 | $ | 0.82 | $ | 0.72 | |||||||||||||||
(a) One-time contract and termination costs.
(b) Includes campus consolidation costs (including depreciation expense)
of
(c) Includes the income tax effect of non-GAAP adjustments and the
income tax benefit due to the release of our valuation allowance of
(d) Offering and other costs.
(e) Campus consolidation costs (including depreciation expense).
Lantheus Holdings, Inc. |
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Reconciliation of GAAP to Non-GAAP Financial Measures |
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(in thousands – unaudited) |
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Three Months Ended December 31, |
Year Ended |
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2017 | 2016 | 2017 | 2016 | |||||||||||||
Net income | $ | 97,126 | $ | 4,869 | $ | 123,385 | $ | 26,762 | ||||||||
Interest expense, net | 4,257 | 5,816 | 18,391 | 26,598 | ||||||||||||
Income tax (benefit) provision(a) | (92,759 | ) | 452 | (92,113 | ) | 477 | ||||||||||
Depreciation | 2,419 | 3,529 | 12,485 | 9,915 | ||||||||||||
Amortization of intangible assets | 1,794 | 2,070 | 6,747 | 8,348 | ||||||||||||
EBITDA | 12,837 | 16,736 | 68,895 | 72,100 | ||||||||||||
Stock and incentive plan compensation | 2,034 | 791 | 6,769 | 3,527 | ||||||||||||
Asset write-off (b) | 1,246 | 818 | 3,430 | 1,906 | ||||||||||||
Severance and recruiting costs (c) | 682 | 204 | 1,715 | 2,090 | ||||||||||||
Offering and other costs (d) | (26 | ) | 117 | 576 | 126 | |||||||||||
Campus consolidation costs | 51 | — | 1,152 | — | ||||||||||||
Debt refinancing costs | 836 | — | 2,557 | — | ||||||||||||
Extinguishment of debt and debt retirement costs | 281 | 481 | 2,442 | 1,896 | ||||||||||||
Loss (gain) on sales of assets | — | 120 | — | (6,385 | ) | |||||||||||
New manufacturer costs (e) | 688 | 578 | 4,304 | 3,029 | ||||||||||||
One-time contract and termination costs | 2,210 | — | 2,210 | — | ||||||||||||
Adjusted EBITDA | $ | 20,839 | $ | 19,845 | $ | 94,050 | $ | 78,289 | ||||||||
Adjusted EBITDA, as a percentage of revenues | 25.7 | % | 26.7 | % | 28.4 | % | 25.9 | % | ||||||||
(a) Represents income tax (benefit) provision, less tax indemnification
income associated with BMS. During the three and twelve months ended
(b) Represents non-cash losses incurred associated with the write-down
of land, inventory and other write-offs of long-lived assets. During the
three and twelve months ended
(c) The amounts consist of severance and recruitment costs related to employees, executives and directors.
(d) Represents offering costs incurred on behalf of certain shareholders pursuant to a registration rights agreement and other non-recurring costs.
(e) Represents internal and external costs associated with establishing new manufacturing sources for our commercial and clinical candidate products.
Lantheus Holdings, Inc. |
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Reconciliation of Free Cash Flow |
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(in thousands – unaudited) |
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Three Months Ended December 31, |
Year Ended December 31, |
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2017 | 2016 | 2017 | 2016 | |||||||||||||
Net cash provided by operating activities | $ | 13,086 | $ | 12,781 | $ | 54,777 | $ | 49,642 | ||||||||
Capital expenditures | (5,954 | ) | (2,422 | ) | (17,543 | ) | (7,398 | ) | ||||||||
Free cash flow | $ | 7,132 | $ | 10,359 | $ | 37,234 | $ | 42,244 | ||||||||
Lantheus Holdings, Inc. |
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Condensed Consolidated Balance Sheets |
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(in thousands – unaudited) |
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December 31, 2017 |
December 31, 2016 |
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Assets | ||||||||
Current assets | ||||||||
Cash and cash equivalents | $ | 76,290 | $ | 51,178 | ||||
Accounts receivable, net | 40,259 | 36,818 | ||||||
Inventory | 26,080 | 17,640 | ||||||
Other current assets | 5,221 | 5,183 | ||||||
Total current assets | 147,850 | 110,819 | ||||||
Property, plant & equipment, net | 92,999 | 94,187 | ||||||
Intangibles, net | 11,798 | 15,118 | ||||||
Goodwill | 15,714 | 15,714 | ||||||
Deferred tax assets, net | 87,010 | 65 | ||||||
Other long-term assets | 28,487 | 19,995 | ||||||
Total assets | $ | 383,858 | $ | 255,898 | ||||
Liabilities and stockholders’ equity (deficit) | ||||||||
Current liabilities | ||||||||
Current portion of long-term debt | $ | 2,750 | $ | 3,650 | ||||
Revolving line of credit | — | — | ||||||
Accounts payable | 17,464 | 18,940 | ||||||
Accrued expenses and other liabilities | 26,536 | 21,249 | ||||||
Total current liabilities | 46,750 | 43,839 | ||||||
Asset retirement obligations | 10,412 | 9,370 | ||||||
Long-term debt, net | 265,393 | 274,460 | ||||||
Other long-term liabilities | 38,012 | 34,745 | ||||||
Total liabilities | 360,567 | 362,414 | ||||||
Total stockholders’ equity (deficit) | 23,291 | (106,516 | ) | |||||
Total liabilities and stockholders’ equity (deficit) | $ | 383,858 | $ | 255,898 |
View source version on businesswire.com: http://www.businesswire.com/news/home/20180226006461/en/
Source:
Lantheus Holdings, Inc.
Meara Murphy, 978-671-8508
Director,
Investor Relations and Corporate Communications