Amneal Pharmaceuticals Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
AMRX$21.28+5.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net revenue | $2,393,607 | $2,212,304 | $2,093,669 |
| Cost of goods sold | 1,573,042 | 1,427,596 | 1,324,696 |
| Gross profit | 820,565 | 784,708 | 768,973 |
| Selling, general and administrative | 429,675 | 399,700 | 365,504 |
| Research and development | 163,950 | 195,688 | 201,847 |
| In-process research and development impairment charges | 30,800 | 12,970 | 710 |
| Intellectual property legal development expenses | 3,828 | 4,358 | 7,716 |
| Acquisition, transaction-related and integration expenses | — | 709 | 8,055 |
| Restructuring and other charges | 1,749 | 1,421 | 1,857 |
| Change in fair value of contingent consideration | (14,497) | 731 | 200 |
| (Insurance recoveries) charges for property losses and associated expenses, net | — | (1,911) | 5,368 |
| Charges related to legal matters, net | 1,824 | 269,930 | 25,000 |
| Other operating income | (1,138) | (3,960) | — |
| Operating income (loss) | 204,374 | (94,928) | 152,716 |
| Other (expense) income: | |||
| Interest expense, net | (210,629) | (158,377) | (136,325) |
| Foreign exchange gain (loss), net | 1,671 | (12,364) | (355) |
| Loss on refinancing | (40,805) | (291) | — |
| Other income, net | 5,119 | 17,833 | 15,330 |
| Total other expense, net | (244,644) | (153,199) | (121,350) |
| (Loss) income before income taxes | (40,270) | (248,127) | 31,366 |
| Provision for income taxes | 8,452 | 6,662 | 11,196 |
| Net (loss) income | (48,722) | (254,789) | 20,170 |
| Less: Net (income) loss attributable to non-controlling interests | (35,271) | 125,241 | (9,546) |
| Net (loss) income attributable to Amneal Pharmaceuticals, Inc. before accretion of redeemable non-controlling interest | (83,993) | (129,548) | 10,624 |
| Accretion of redeemable non-controlling interest | — | (438) | — |
| Net (loss) income attributable to Amneal Pharmaceuticals, Inc. | $(83,993) | $(129,986) | $10,624 |
| Net (loss) income per share attributable to Amneal Pharmaceuticals, Inc.'s Class A common stockholders: | |||
| Basic | $(0.48) | $(0.86) | $0.07 |
| Diluted | $(0.48) | $(0.86) | $0.07 |
| Weighted-average common shares outstanding: | |||
| Basic | 176,136 | 150,944 | 148,922 |
| Diluted | 176,136 | 150,944 | 151,821 |
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