Lantheus Holdings (LNTH) FY2019 results: revenue $347 million, up 1.2% on the year
Lantheus Holdings, Inc. (LNTH) reported revenue of $347 million for fiscal 2019, the year ended 31 December 2019, up 1.2% on the year before. Net income was $32 million, down 21.8%, and diluted earnings per share $0.79. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$347 million
+1.2% on the year
FY2013FY2019
Operating margin
14.9%
18.8% a year earlier
FY2013FY2019
Net income
$32 million
-21.8% on the year
FY2013FY2019
Diluted EPS
$0.79
-23.3% on the year
FY2013FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
347
343
331
+1.2%
Cost of revenue
173
168
169
+2.4%
Gross profit
175
175
162
-0.0%
Gross margin
50.3%
50.9%
48.9%
Research and development
20.0
17.1
18.1
+17.3%
Operating income
51.7
64.5
51.9
-19.9%
Operating margin
14.9%
18.8%
15.6%
Interest expense
13.6
17.4
18.4
-21.8%
Pre-tax income
28.6
49.5
39.6
-42.2%
Income tax
-3.0
9.0
-83.7
Effective tax rate
-10.6%
18.2%
-211.3%
Net income
31.7
40.5
123
-21.8%
Net margin
9.1%
11.8%
37.2%
Diluted EPS
$0.79
$1.03
$3.17
-23.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
80.4
61.2
54.8
+31.4%
Capital expenditure
22.1
20.1
17.5
+9.6%
Free cash flow
58.3
41.1
37.2
+42.0%
Free cash flow margin
16.8%
12.0%
11.2%
Cash from investing
-22.1
-19.1
-16.3
Cash from financing
-78.9
-4.7
-13.4
Depreciation and amortisation
12.1
12.8
18.2
-5.3%
Share-based compensation
12.5
8.7
5.9
+43.3%
Diluted shares, weighted
40m
40m
39m
+1.5%
Shares outstanding at period end
39m
38m
38m
+2.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
115
71.0
23.3
+61.4%
Debt
194
266
268
-27.2%
Operating lease liabilities
0.8
n/a
n/a
Finance lease liabilities
0.2
n/a
n/a
Other liabilities
96.2
102
92.4
-6.0%
Total liabilities and equity
406
440
384
-7.7%
Fixed assets
116
108
93.0
+8.0%
Goodwill
15.7
15.7
15.7
0.0%
Intangible assets
7.3
9.1
11.8
-19.7%
Cash and equivalents
92.9
113
76.3
-18.1%
Receivables
43.5
43.8
40.3
-0.5%
Inventory
29.2
33.0
26.1
-11.6%
Other assets
101
117
121
-13.8%
Total assets
406
440
384
-7.7%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.