Lantheus Holdings, Inc. (LNTH) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
United States					288.6	290.0	257.4	235.8
International					54.8	41.4	44.4	57.6
Total revenues	935.1	425.2	339.4	347.3	343.4	331.4	301.9	293.5
Revenue growth [+]	119.9%	25.3%	-2.3%	1.2%	3.6%	9.8%	2.9%	-2.7%
United States					-0.5%	12.7%	9.2%	-0.3%
International					32.4%	-6.9%	-22.9%	-11.4%
Cost of goods sold	353.4	237.5	200.6	172.5	168.5	169.2	164.1	157.9
Gross profit	581.7	187.7	138.8	174.8	174.9	162.1	137.8	135.5
Gross margin	62.2%	44.1%	40.9%	50.3%	50.9%	48.9%	45.6%	46.2%
Selling, general and administrative [+]	233.8	218.8	110.2	103.1	93.3	92.2	75.4	78.6
Sales and marketing	100.2	68.4	40.9	41.9	43.2	42.3	36.5	34.7
General and administrative	133.6	150.4	69.3	61.2	50.2	49.8	38.8	43.9
Research and development	311.7	45.0	32.8	20.0	17.1	18.1	12.2	14.4
Other operating expenses	25.4	39.9					-12.8
Adjusted EBITDA	88.0	-57.7	34.6	77.5	87.1	77.0	83.8	64.2
Adjusted EBITDA margin	9.4%	-13.6%	10.2%	22.3%	25.4%	23.2%	27.7%	21.9%
Stock-based compensation	29.3	15.9	14.1	12.5	8.7	5.9	2.5	2.0
EBITDA [+]	58.7	-73.7	20.5	65.0	78.4	71.1	81.2	62.2
EBITDA growth	-179.7%	-459.5%	-68.5%	-17.1%	10.3%	-12.5%	30.6%	6.4%
EBITDA margin	6.3%	-17.3%	6.0%	18.7%	22.8%	21.5%	26.9%	21.2%
Depreciation	14.7	14.8	13.9	11.6	11.3	15.9	13.2	13.7
EBITA	44.0	-88.5	6.6	53.5	67.1	55.2	68.1	48.5
EBITA margin	4.7%	-20.8%	1.9%	15.4%	19.5%	16.6%	22.6%	16.5%
Amortization of intangibles	33.2	27.5	10.8	1.8	2.6	3.3	5.1	6.0
EBIT [+]	10.8	-116.0	-4.2	51.7	64.5	51.9	63.0	42.5
EBIT growth	-109.3%	2662.3%	-108.1%	-19.9%	24.4%	-17.7%	48.1%	7.9%
EBIT margin	1.2%	-27.3%	-1.2%	14.9%	18.8%	15.6%	20.9%	14.5%
Non-recurring items [+]	-25.4	-55.1					6.4
Asset impairment							6.4
Loss (gain) on sale of assets		15.3
Interest expense, net [+]	4.6	7.7	9.2	12.9	17.2	18.4	26.6	38.7
Interest expense	7.2	7.8	9.5	13.6	17.4	18.4	26.6	38.7
Interest income	2.6	0.0	0.2	0.7	0.2	0.0
Other income (expense), net [+]	-4.9	-6.5	2.0	-10.1	2.3	6.2	-1.7	-15.6
Amortization of financing costs and debt discount							1.9
Gain (loss) on debt retirement	-0.6	0.9		-3.2		-2.4		-15.5
Other	-1.7	-7.4	2.2	-6.2	2.5	8.6	0.2	-0.1
Pre-tax income	26.7	-75.0	-11.5	28.6	49.5	39.6	28.3	-11.8
Income taxes	-1.3	-3.8	2.0	-3.0	9.0	-83.7	1.5	3.0
Tax rate		5.0%			18.2%		5.4%
Net income	28.1	-71.3	-13.5	31.7	40.5	123.4	26.8	-14.7
Net margin	3.0%	-16.8%	-4.0%	9.1%	11.8%	37.2%	8.9%	-5.0%

Basic EPS [+]	$0.41	($1.06)	($0.25)	$0.81	$1.06	$3.31	$0.84	($0.60)
Growth	-138.8%	324.4%	-130.6%	-23.4%	-68.0%	296.3%	-238.4%	206.3%
Diluted EPS [+]	$0.40	($1.06)	($0.25)	$0.79	$1.03	$3.17	$0.82	($0.60)
Growth	-137.6%	324.4%	-131.5%	-23.0%	-67.7%	287.1%	-235.8%	206.3%


Shares outstanding (basic) [+]	68.5	67.5	54.1	39.0	38.2	37.3	32.0	24.4
Growth	1.5%	24.7%	38.8%	2.0%	2.6%	16.3%	31.1%	35.2%
Shares outstanding (diluted) [+]	70.7	67.5	54.1	40.1	39.5	38.9	32.7	24.4
Growth	4.7%	24.7%	35.0%	1.5%	1.6%	19.1%	33.6%	35.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.