Amneal Pharmaceuticals Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
AMRX$21.28+5.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(unaudited; in thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue | $701,780 | $599,046 | $1,360,971 | $1,156,586 |
| Cost of goods sold | 451,833 | 379,025 | 872,964 | 758,379 |
| Gross profit | 249,947 | 220,021 | 488,007 | 398,207 |
| Selling, general and administrative | 116,462 | 105,570 | 229,057 | 207,666 |
| Research and development | 36,054 | 37,799 | 75,352 | 76,489 |
| Intellectual property legal development expenses | 1,042 | 820 | 2,026 | 2,464 |
| Restructuring and other charges | 220 | 82 | 1,690 | 592 |
| Change in fair value of contingent consideration | — | (6,364) | 100 | (3,907) |
| Charges related to legal matters, net | 699 | 2,017 | 95,058 | 1,581 |
| Other operating expense (income) | — | 13 | — | (1,211) |
| Operating income | 95,470 | 80,084 | 84,724 | 114,533 |
| Other (expense) income: | ||||
| Interest expense, net | (65,719) | (50,857) | (131,422) | (100,172) |
| Foreign exchange (loss) gain, net | (262) | 421 | (1,459) | 2,322 |
| Increase in tax receivable agreement liability | (13,444) | (405) | (15,392) | (1,231) |
| Other income, net | 4,360 | 417 | 8,432 | 4,782 |
| Total other expense, net | (75,065) | (50,424) | (139,841) | (94,299) |
| Income (loss) before income taxes | 20,405 | 29,660 | (55,117) | 20,234 |
| Provision for (benefit from) income taxes | 3,618 | (23) | 9,774 | 645 |
| Net income (loss) | 16,787 | 29,683 | (64,891) | 19,589 |
| Less: Net income attributable to non-controlling interests | (10,793) | (17,766) | (20,758) | (14,615) |
| Net income (loss) attributable to Amneal Pharmaceuticals, Inc. | $5,994 | $11,917 | $(85,649) | $4,974 |
| Net income (loss) per share attributable to Amneal Pharmaceuticals, Inc.'s Class A common stockholders: | ||||
| Basic | $0.02 | $0.08 | $(0.28) | $0.03 |
| Diluted | $0.02 | $0.08 | $(0.28) | $0.03 |
| Weighted-average common shares outstanding: | ||||
| Basic | 309,117 | 153,738 | 308,198 | 152,928 |
| Diluted | 318,957 | 154,887 | 308,198 | 154,575 |
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