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AVADEL PHARMACEUTICALS PLC (AVDL)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Total revenues   [+]0.022.359.2103.3173.2150.2173.015.0
            Revenue growth  -100.0%-62.3%-42.7%-40.4%15.3%-13.2%1055.3%258.3%
Cost of goods sold  -0.15.712.117.516.313.211.43.4
Gross profit  0.116.647.185.8156.9137.0161.611.6
            Gross margin   74.3%79.5%83.0%90.6%91.2%93.4%77.4%
Selling, general and administrative  68.532.430.2100.458.944.221.715.7
Research and development  17.120.432.939.333.434.625.617.3
Other operating expenses   0.09.11.0 13.912.614.8
EBITDA   [+]-84.7-34.9-23.5-54.165.958.8114.8-22.0
            EBITDA margin   -156.4%-39.6%-52.4%38.0%39.1%66.4%-147.1%
Depreciation  0.81.31.70.81.20.60.62.4
EBITA  -85.5-36.2-25.1-55.064.758.2114.3-24.4
            EBITA margin   -162.1%-42.4%-53.2%37.3%38.7%66.1%-163.1%
Amortization of intangibles   0.40.86.63.713.912.611.7
EBIT   [+]-85.5-36.6-25.9-61.661.044.3101.7-36.2
            EBIT margin   -164.0%-43.8%-59.6%35.2%29.5%58.8%-241.5%
Non-recurring items   [+] -42.4-1.843.4-28.549.331.057.5
Interest expense, net   [+]7.812.211.410.2-1.1-1.8-1.28.3
Other income (expense), net   [+]0.21.3-3.11.92.1-6.55.711.9
Pre-tax income  -93.1-5.1-38.6-113.292.7-9.777.7-90.1
Income taxes  -15.8-12.1-5.4-17.924.431.635.9-0.6
            Tax rate  17.0%238.3%13.9%15.8%26.3% 46.2%0.7%
Earnings from continuing ops  -77.37.0-33.2-95.368.3-41.341.8-93.5
Earnings from discontinued ops         4.0
Net income  -77.37.0-33.2-95.368.3-41.341.8-89.5
            Net margin   31.5%-56.1%-92.3%39.4%-27.5%24.2%-597.6%
   
Basic EPS   [+]($1.32)$0.13($0.89)($2.55)$1.69($1.00)$1.03($2.58)
Diluted EPS   [+]($1.32)$0.13($0.89)($2.55)$1.63($1.00)$0.96($2.58)
   
Shares outstanding (basic)   [+]58.553.037.437.340.541.240.636.2
Shares outstanding (diluted)   [+]58.554.937.437.341.841.243.636.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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