Alkermes plc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
ALKS$46.47+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands, except per share amounts) | |||
| REVENUES: | |||
| Product sales, net | $919,998 | $777,552 | $627,424 |
| Manufacturing and royalty revenues | 743,388 | 331,983 | 541,807 |
| License revenue | — | 2,000 | 3,500 |
| Research and development revenue | 19 | 260 | 1,020 |
| Total revenues | 1,663,405 | 1,111,795 | 1,173,751 |
| EXPENSES: | |||
| Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) | 253,037 | 218,068 | 197,323 |
| Research and development | 270,806 | 272,702 | 290,924 |
| Selling, general and administrative | 689,751 | 590,751 | 549,610 |
| Amortization of acquired intangible assets | 35,689 | 36,363 | 38,148 |
| Total expenses | 1,249,283 | 1,117,884 | 1,076,005 |
| OPERATING INCOME (LOSS) | 414,122 | (6,089) | 97,746 |
| OTHER INCOME (EXPENSE), NET: | |||
| Interest income | 30,854 | 7,629 | 2,408 |
| Interest expense | (23,032) | (13,040) | (11,219) |
| Change in the fair value of contingent consideration | — | (21,750) | (1,427) |
| Other (expense) income, net | (425) | 2,122 | 219 |
| Total other income (expense), net | 7,397 | (25,039) | (10,019) |
| INCOME (LOSS) BEFORE INCOME TAXES | 421,519 | (31,128) | 87,727 |
| INCOME TAX (BENEFIT) PROVISION | (97,638) | 2,024 | 11,326 |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS | 519,157 | (33,152) | 76,401 |
| DISCONTINUED OPERATIONS, NET OF TAX | (163,400) | (125,115) | (124,570) |
| NET INCOME (LOSS) | $355,757 | $(158,267) | $(48,169) |
| EARNINGS (LOSS) PER ORDINARY SHARE: | |||
| Earnings (loss) per share from continuing operations - basic | $3.12 | $(0.20) | $0.47 |
| Earnings (loss) per share from discontinued operations - basic | $(0.98) | $(0.76) | $(0.77) |
| Earnings (loss) per share - basic | $2.14 | $(0.97) | $(0.30) |
| Earnings (loss) per share from continuing operations - diluted | $3.06 | $(0.20) | $0.46 |
| Earnings (loss) per share from discontinued operations - diluted | $(0.96) | $(0.76) | $(0.76) |
| Earnings (loss) per share - diluted | $2.10 | $(0.97) | $(0.29) |
| WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES OUTSTANDING: | |||
| Basic | 166,223 | 163,742 | 160,942 |
| Diluted | 169,730 | 163,742 | 164,753 |
| COMPREHENSIVE INCOME (LOSS): | |||
| Net income (loss) | $355,757 | $(158,267) | $(48,169) |
| Holding gain (loss), net of a tax provision (benefit) of $1,195, $(973) and $(706), respectively | 7,779 | (7,166) | (2,374) |
| COMPREHENSIVE INCOME (LOSS) | $363,536 | $(165,433) | $(50,543) |
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