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SEC Filings

10-K/A
ACETO CORP filed this Form 10-K/A on 11/09/2017
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ACETO CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF JUNE 30, 2017 AND 2016

(in thousands, except per-share amounts)

 

   2017   2016 
ASSETS          
Current assets:          
Cash and cash equivalents  $55,680   $66,828 
Investments   2,046    881 
Trade receivables: less allowance for doubtful accounts (2017, $485; 2016, $513)   260,889    163,605 
Other receivables   12,066    14,052 
Inventory   136,387    98,107 
Prepaid expenses and other current assets   3,941    3,339 
Deferred income tax asset, net   546    3,244 
Total current assets   471,555    350,056 
           
Property and equipment, net   10,428    10,044 
Property held for sale   7,152    6,868 
Goodwill   236,970    67,871 
Intangible assets, net   285,081    79,071 
Deferred income tax asset, net   19,453    18,053 
Other assets   7,546    6,210 
           
TOTAL ASSETS  $1,038,185   $538,173 
           
LIABILITIES AND SHAREHOLDERS’ EQUITY          
Current liabilities:          
Current portion of long-term debt  $14,466   $197 
Accounts payable   90,011    46,034 
Accrued expenses   118,328    52,675 
Total current liabilities   222,805    98,906 
           
Long-term debt   339,200    118,592 
Long-term liabilities   61,449    6,344 
Environmental remediation liability   2,339    3,352 
Deferred income tax liability   7,325    9,142 
Total liabilities   633,118    236,336 
           
Commitments and contingencies (Note 16)          
           
Shareholders’ equity:          
Preferred stock, 2,000 shares authorized; no shares issued and outstanding   -    - 
Common stock, $.01 par value, 75,000 shares authorized at June 30, 2017 and June 30, 2016; 30,094 and 29,595 shares issued and outstanding at June 30, 2017 and 2016, respectively   301    296 
Capital in excess of par value   214,198    115,667 
Retained earnings   195,680    192,199 
Accumulated other comprehensive loss   (5,112)   (6,325)
Total shareholders’ equity   405,067    301,837 
           
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $1,038,185   $538,173 

 

See accompanying notes to consolidated financial statements.

 

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