Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.lannett.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000057725 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2015-07-01 - 2016-06-30
2014-07-01 - 2015-06-30
2013-07-01 - 2014-06-30
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
OPERATING ACTIVITIES:
 
 
 
Net income
44,857,000  
149,992,000  
57,163,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
33,433,000  
5,583,000  
5,984,000  
Deferred income benefit
(19,497,000) 
(3,266,000) 
(12,886,000) 
Share-based compensation
11,562,000  
6,397,000  
9,026,000  
Excess tax benefits on share-based compensation awards
(1,507,000) 
(8,051,000) 
(7,017,000) 
Intangible assets impairment charge
8,000,000  
0  
0  
Loss (gain) on sale of assets
92,000  
(33,000) 
142,000  
Loss (gain) on investment securities
11,000  
(705,000) 
(1,907,000) 
Loss on extinguishment of debt
3,009,000  
  
Amortization of debt discount and other debt issuance costs
12,484,000  
110,000  
111,000  
JSP contract renewal cost
  
20,100,000  
Other noncash expenses
523,000  
  
Changes in assets and liabilities which provided (used) cash, net of acquisition:
 
 
 
Accounts receivable, net
15,149,000  
(25,382,000) 
(34,912,000) 
Inventories
15,296,000  
1,358,000  
(12,313,000) 
Income taxes payable
1,717,000  
5,127,000  
11,432,000  
Other assets
7,719,000  
(1,673,000) 
154,000  
Rebates payable
4,525,000  
2,995,000  
3,491,000  
Royalties payable
1,524,000  
  
Restructuring liability
4,130,000  
  
Settlement liability
18,598,000  
  
Accounts payable
(3,723,000) 
(2,498,000) 
(1,686,000) 
Accrued expenses
(1,760,000) 
1,027,000  
2,271,000  
Accrued payroll and payroll-related expenses
(20,865,000) 
(2,463,000) 
5,950,000  
Net cash provided by operating activities
135,277,000  
 
128,518,000  
 
45,103,000  
 
INVESTING ACTIVITIES:
 
 
 
Purchases of property, plant and equipment
(24,267,000) 
(31,676,000) 
(26,082,000) 
Proceeds from sale of property, plant and equipment
16,000  
94,000  
48,000  
Purchases of intangible assets
 
(300,000) 
 
Acquisitions, net of cash acquired
(934,178,000) 
(41,862,000) 
 
Proceeds from sale of investment securities
39,895,000  
75,770,000  
23,374,000  
Purchase of investment securities
(40,533,000) 
(47,839,000) 
(53,699,000) 
Net cash used in investing activities
(959,067,000) 
 
(45,813,000) 
 
(56,359,000) 
 
FINANCING ACTIVITIES:
 
 
 
Proceeds from issuance of long-term debt
1,048,610,000  
  
Short-term borrowings under revolving credit facility
125,000,000  
  
Repayments of long-term debt
(295,033,000) 
(129,000) 
(5,376,000) 
Proceeds from issuance of stock
4,134,000  
4,938,000  
5,369,000  
Payment of debt issuance costs
(34,710,000) 
(435,000) 
(402,000) 
Excess tax benefits on share-based compensation awards
1,507,000  
8,051,000  
7,017,000  
Proceeds from stock offering
  
71,478,000  
Purchase of treasury stock
(1,269,000) 
(121,000) 
(3,925,000) 
Distributions to noncontrolling shareholders
(20,000) 
(15,000) 
 
Net cash provided by financing activities
848,219,000  
 
12,289,000  
 
74,161,000  
 
Effect on cash and cash equivalents of changes in foreign exchange rates
 
(241,000) 
(7,000) 
NET INCREASE IN CASH AND CASH EQUIVALENTS
24,429,000  
 
94,753,000  
 
62,898,000  
 
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
200,340,000  
105,587,000  
42,689,000  
CASH AND CASH EQUIVALENTS, END OF PERIOD
224,769,000  
 
200,340,000  
 
105,587,000  
 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
 
 
 
Interest paid
52,916,000  
206,000  
130,000  
Income taxes paid
35,141,000  
75,569,000  
34,311,000  
Issuance of unsecured 12.0% Senior Notes to finance KUPI acquisition
200,000,000  
  
Issuance of a warrant to finance KUPI acquisition
29,920,000  
  
Acquisition-related contingent consideration
35,000,000