← MANNKIND CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $125.7m | ($117.3m) | ($87.0m) | ($51.9m) | ($57.2m) | ($80.9m) | ($87.4m) | ($11.9m) | $27.6m | $5.9m | — | |
| Depreciation, Depletion and Amortization | $2.4m | $1.8m | $2.9m | $972k | $2.1m | $4.2m | $6.1m | $4.5m | $7.4m | $12.3m | $20.8m | |
| Depreciation | $4.2m | $3.5m | $1.7m | $1.6m | $1.8m | $2.0m | $3.3m | $4.5m | $7.3m | $8.1m | $20.8m | |
| Amortization of Debt Issuance Costs | — | $31k | $46k | — | — | $1.7m | $2.1m | $1.5m | $1.4m | $646k | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | ($111k) | ($101k) | $1.2m | $1.5m | $2.1m | $1.6m | $854k | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | — | $4.0m | — | |
| Amortization Of Securities | — | — | — | — | — | — | $707k | ($925k) | ($5.1m) | ($2.6m) | ($1.4m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $6.3m | $4.5m | $7.4m | $12.3m | $20.8m | |
| Deferred Income Tax Expense (Benefit) | $48.1m | ($260.2m) | $11.1m | ($5.3m) | ($4.8m) | ($19.6m) | ($9.9m) | $6.8m | $3.9m | ($19.5m) | — | |
| Deferred Other Tax Expense (Benefit) | ($48.1m) | $260.2m | ($11.1m) | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $5.1m | $4.8m | $6.9m | $6.2m | $6.5m | $12.2m | $13.4m | $17.6m | $21.4m | $24.2m | $28.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $165k | $127k | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $5.1m | $4.8m | $6.9m | $6.2m | $6.5m | $12.2m | $13.4m | $17.6m | $21.4m | $24.2m | $28.0m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | — | — | $0 | $7.8m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | $0 | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $2.2m | $4.6m | $3.9m | $10.4m | $7.8m | |
| Nonoperating Income (Expense) | $58.4m | ($9.1m) | ($10.1m) | ($7.3m) | ($9.5m) | ($33.9m) | ($23.3m) | ($19.1m) | ($42.1m) | ($37.4m) | — | |
| Other Nonoperating Income (Expense) | ($597k) | $13k | ($437k) | ($926k) | $23k | ($239k) | ($102k) | $122k | $32k | ($1.0m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($24.1m) | $16.7m | ($36.5m) | ($50.9m) | ($33.8m) | |
| Increase (Decrease) in Accounts Receivable | $302k | $2.5m | $1.3m | ($504k) | $705k | $776k | $11.8m | ($2.3m) | ($2.7m) | $4.8m | $5.8m | |
| Change In Receivables | — | — | — | — | — | — | ($11.8m) | $2.3m | $2.7m | ($4.8m) | $5.8m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($11.8m) | $2.3m | $2.7m | ($4.8m) | $5.8m | |
| Increase (Decrease) in Inventories | $2.3m | $3.3m | $3.2m | $558k | $1.3m | $4.1m | $5.7m | $11.3m | $3.2m | $6.6m | ($12.5m) | |
| Inventory Write-down | $200k | $3.0m | — | — | — | — | — | — | — | — | — | |
| Change In Inventory | — | — | — | — | — | — | ($5.7m) | ($11.3m) | ($3.2m) | ($6.6m) | ($12.5m) | |
| Increase (Decrease) in Accounts Payable | ($12.1m) | $3.8m | ($1.6m) | ($593k) | $793k | $1.4m | $4.1m | ($1.5m) | ($2.8m) | ($16.7m) | ($18.2m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $3.4m | $5.1m | ($5.5m) | ($18.4m) | ($18.2m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($723k) | $6.6m | ($2.7m) | $3.3m | $9.6m | |
| Change In Other Current Assets | — | — | — | — | — | — | $523k | $263k | ($3.6m) | ($1.9m) | $1.6m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($9.0m) | ($11.8m) | ($5.0m) | ($873k) | ($1.7m) | |
| Net Cash Provided by (Used in) Operating Activities | ($78.1m) |
($64.8m)
+17.05%
|
($37.7m)
+41.75%
|
($88.5m)
-134.51%
|
($28.1m)
+68.21%
|
($61.7m)
-119.39%
|
($80.7m)
-30.74%
|
$34.1m
+142.26%
|
$42.5m
+24.69%
|
$18.3m
-57.06%
|
($8.1m)
-144.12%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.1m | — | $354k | $2.6m | $801k | $11.5m | $7.6m | $42.4m | $9.7m | $4.6m | ($10.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($1.3m) | ($203k) | $114k | — | — | — | — | — | $959k | — | $5.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($600k) | $24k | $120k | — | — | — | — | — | $959k | — | $5.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $15.3m | — | — | $347.7m | ($347.7m) | |
| Net Other Investing Changes | — | — | — | — | — | — | — | $382k | $396k | ($10.0m) | ($10.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.1m) | $16.7m | ($234k) | ($22.8m) | $15.2m | ($151.5m) | $4.9m | ($2.0m) | ($96.6m) | ($304.8m) | ($280.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $72.0m | ($1.6m) | ($765k) | $3.5m | ($264k) | ($17.2m) | — | — | ($20.4m) | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $4.9m | — | — | — | — | — | $325.0m | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $325.0m | $325.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $325.0m | $325.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($6.7m) | ($133.2m) | $0 | ($35.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | ($6.7m) | ($133.2m) | $325.0m | $289.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | ($6.7m) | ($133.2m) | $325.0m | $289.5m | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($6.7m) | ($133.2m) | $0 | ($35.5m) | |
| Proceeds from Issuance of Common Stock | — | $564k | — | — | — | $498k | $319k | $10.2m | $6.1m | $3.3m | ($1.5m) | |
| Common Stock Issuance | — | — | — | — | — | — | $19.8m | $6.9m | $0 | $0 | ($1.5m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $19.8m | $6.9m | $0 | $0 | ($1.5m) | |
| Proceeds from (Payments for) Other Financing Activities | — | $24k | $7k | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.2m) | $134.6m | ($7.2m) | ($11.9m) | ($7.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $43.0m |
$73.6m
+70.93%
|
$61.3m
-16.68%
|
$69.9m
+13.98%
|
$49.9m
-28.64%
|
$270.3m
+442.13%
|
$21.4m
-92.09%
|
$136.6m
+538.71%
|
($137.3m)
-200.48%
|
$315.1m
+329.55%
|
$284.4m
-9.75%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($36.2m) | $25.5m | $23.3m | ($41.5m) | $36.9m | $57.0m | ($54.4m) | $168.7m | ($191.4m) | $28.6m | $53.7m | |
| Beginning Cash Position | — | — | — | — | — | — | $124.2m | $69.8m | $238.5m | $47.1m | $57.7m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | — | $20k | — | $124k | $600k | $1.0m | $3.0m | $1.2m | $2.9m | $6.4m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $9.0m | $7.7m | $3.8m | $1.8m | $3.6m | $11.3m | $8.9m | $18.3m | $17.5m | $14.7m | — | |
| Income Taxes Paid, Net | — | $51k | $240k | — | — | — | — | $0 | $4.3m | $1.7m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | $3.4m | $13.6m | ($4.5m) | ($1.9m) | ($8.0m) | ($6.6m) | ($4.8m) | $1.9m | ($3.9m) | $7.7m | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $3.4m | ($13.6m) | $4.5m | $1.9m | ($8.0m) | $6.6m | $4.8m | ($1.9m) | $3.9m | ($7.7m) | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | ($565k) | — | — | |
| General and Administrative Expense | $27.1m | — | — | — | — | — | $37.7m | $42.5m | — | — | — | |
| Goodwill | — | — | — | — | — | — | $2.4m | $1.9m | $1.9m | $67.6m | $7.8m | |
| Income Tax Expense (Benefit) | $0 | $51k | $240k | $0 | ($218k) | $0 | $0 | $1.6m | $2.9m | ($4.5m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $12.0m | $13.8m | — | |
| Investment Income, Interest | $85k | $293k | $501k | $997k | $167k | $112k | $2.5m | $6.2m | $12.6m | $8.1m | — | |
| Operating Expenses | — | — | — | — | — | — | $57.5m | $62.8m | $76.6m | $88.0m | — | |
| Payments for Repurchase of Warrants | — | — | — | $433k | — | — | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | — | $7.3m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $21.4m | $136.6m | ($137.3m) | $315.1m | $284.4m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $4.9m | ($2.0m) | ($96.6m) | ($304.8m) | ($280.4m) | |
| Change In Account Payable | — | — | — | — | — | — | $4.1m | ($1.5m) | ($2.8m) | ($16.7m) | ($18.2m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($54.4m) | $168.7m | ($191.4m) | $28.6m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | — | $0 | $0 | ($5.0m) | ($5.0m) | |
| Change In Interest Payable | — | — | — | — | — | ($4.9m) | $0 | $0 | — | — | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $14.1m | $39.5m | ($15.3m) | ($8.3m) | ($8.5m) | |
| Change In Payable | — | — | — | — | — | — | $4.1m | ($1.5m) | ($2.8m) | ($21.7m) | ($18.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($15.6m) | ($7.3m) | ($6.6m) | ($10.0m) | ($5.1m) | |
| Change In Tax Payable | — | — | — | — | — | — | — | $0 | $0 | ($5.0m) | ($5.0m) | |
| Changes In Cash | — | — | — | — | — | — | ($54.4m) | $168.7m | ($191.4m) | $28.6m | ($4.1m) | |
| End Cash Position | — | — | — | — | — | — | $69.8m | $238.5m | $47.1m | $75.6m | $53.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $21.4m |
$136.6m
+538.71%
|
($137.3m)
-200.48%
|
$315.1m
+329.55%
|
$284.4m
-9.75%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($88.3m) | ($8.3m) | $32.8m | $13.7m | ($18.1m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $932k | $170k | $1.6m | $6.4m | $6.4m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $565k | — | $565k | |
| Investing Cash Flow | — | — | — | — | — | — | $4.9m | ($2.0m) | ($96.6m) | ($304.8m) | ($280.4m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($15.3m) | $0 | $0 | ($347.7m) | ($347.7m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($4.8m) | $1.9m | ($3.9m) | $7.7m | ($1.9m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $27.8m | $40.5m | ($87.0m) | $57.5m | $87.4m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($7.6m) | ($42.4m) | ($9.7m) | ($4.6m) | ($10.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($3.9m) | $2.1m | $18.1m | $14.2m | $5.4m | |
| Other Non Cash Items | — | — | — | — | — | — | $12.0m | $1.4m | $5.8m | $4.9m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $2.8m | $1.8m | $3.1m | $2.0m | $2.6m | |
| Purchase Of Business | — | — | — | — | — | — | ($15.3m) | $0 | $0 | ($347.7m) | ($347.7m) | |
| Purchase Of Intangibles | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($79.5m) | ($79.1m) | ($280.8m) | ($157.8m) | ($80.0m) | |
| Purchase Of PPE | $1.1m | $1.1m | $354k | $2.6m | $801k | $11.5m | ($7.6m) | ($42.4m) | ($9.7m) | ($4.6m) | ($10.1m) | |
| Sale Of Investment | — | — | — | — | — | — | $107.3m | $119.5m | $193.8m | $215.3m | $167.4m | |
| Stock Based Compensation | — | — | — | — | — | — | $13.4m | $17.6m | $21.4m | $24.2m | $28.0m |