← Alvotech
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Share of net loss of joint venture | $1.5m | $2.4m | $2.6m | $7.2m | $0 | $0 | — | |
| Net Income | — | — | ($513.6m) |
($551.7m)
-7.43%
|
($231.9m)
+57.98%
|
$27.9m
+112.04%
|
($80.7m)
-389.16%
|
|
| Profit or Loss | — | ($101.5m) | ($513.6m) | ($551.7m) | ($231.9m) | $27.9m | — | |
| Depreciation, amortization and impairment | $16.4m | $18.2m | $20.4m | $24.2m | $31.3m | $37.9m | $39.9m | |
| Depreciation Amortization Depletion | — | — | $20.4m | $24.2m | $31.3m | $37.9m | $39.9m | |
| Depreciation And Amortization | — | — | $20.4m | $24.2m | $31.3m | $37.9m | $39.9m | |
| Adjustments For Deferred Tax Of Prior Periods | — | ($477k) | $15.3m | ($10.7m) | $5.9m | ($30.9m) | — | |
| Deferred Tax | — | — | ($38.1m) | ($99.3m) | $14.3m | $108.4m | $124.6m | |
| Adjustments For Share-Based Payments | — | $0 | $10.3m | $18.0m | $7.6m | $7.4m | — | |
| Impairment of other intangible assets | — | $4.0m | $2.8m | $1.8m | $0 | $0 | — | |
| Impairment loss on investment in joint venture | — | $0 | $0 | $21.5m | $0 | $0 | — | |
| Asset Impairment Charge | — | — | $2.8m | $23.3m | $0 | $0 | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | $2.6m | $7.2m | $0 | ($8.0m) | ($8.0m) | |
| Change In Working Capital | — | — | ($47.9m) | $26.3m | ($288.6m) | ($117.6m) | ($164.8m) | |
| Change in allowance for receivables | — | $0 | $0 | $18.5m | ($946k) | $703k | — | |
| Decrease / (increase) in trade receivables | $21.8m | ($28.8m) | ($3.6m) | ($8.3m) | ($119.1m) | $93.2m | — | |
| (Decrease) increase in receivables with related parties | — | — | ($437k) | $881k | $20k | ($320k) | — | |
| Change In Receivables | — | — | ($13.2m) | ($24.8m) | ($164.2m) | ($2.1m) | ($9.8m) | |
| Changes In Account Receivables | — | — | ($3.6m) | ($8.3m) | ($119.1m) | $93.2m | ($9.8m) | |
| Change in inventory reserves | — | $0 | $0 | $8.3m | ($3.5m) | $646k | ($86.3m) | |
| Increase in inventories | ($3.3m) | ($29.4m) | ($32.4m) | ($11.3m) | ($50.0m) | ($90.1m) | — | |
| Change In Inventory | — | — | ($32.4m) | ($11.3m) | ($50.0m) | ($90.1m) | ($86.3m) | |
| Increase / (decrease) in trade and other payables | $227k | $14.3m | $16.4m | $31.8m | ($13.7m) | $45.3m | — | |
| Increase in other assets | ($7.4m) | ($4.4m) | ($17.2m) | ($802k) | ($7.1m) | ($4.2m) | — | |
| Increase / (decrease) in other liabilities | $7.1m | $5.2m | ($21.4m) | ($5.2m) | ($14.3m) | $5.1m | — | |
| Change In Other Current Assets | — | — | ($17.2m) | ($802k) | ($7.1m) | ($4.2m) | ($8.7m) | |
| Change In Other Current Liabilities | — | — | ($20.9m) | ($3.9m) | ($22.2m) | $2.8m | $15.0m | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $79k | ($20.5m) | $379k | $133k | $0 | $0 | — | |
| Capital Expenditure | — | — | ($49.0m) | ($46.5m) | ($57.0m) | ($96.1m) | ($119.0m) | |
| Net Other Investing Changes | — | — | ($14.9m) | — | $26.1m | — | $26.1m | |
| Cash flows from financing activities: | ||||||||
| Proceeds From Borrowings Classified As Financing Activities | — | $113.8m | $193.7m | $278.8m | $896.3m | $233.5m | — | |
| Repayments Of Borrowings Classified As Financing Activities | — | $37.5m | $34.7m | $99.4m | $749.1m | $25.4m | — | |
| Restricted cash in connection with debt extinguishment | — | — | $0 | $0 | $26.1m | $0 | — | |
| Repayments of borrowings | ($2.9m) | ($37.5m) | ($34.7m) | ($99.4m) | ($749.1m) | ($25.4m) | — | |
| Proceeds from new borrowings | $30.0m | $113.8m | $193.7m | $278.8m | $896.3m | $233.5m | — | |
| Transaction cost from new borrowings | — | $0 | ($12.1m) | ($9.0m) | ($4.2m) | ($5.6m) | — | |
| Issuance Of Debt | — | — | $353.7m | $278.8m | $920.8m | $233.5m | $247.0m | |
| Long Term Debt Issuance | — | — | $353.7m | $278.8m | $920.8m | $233.5m | $247.0m | |
| Long Term Debt Payments | — | — | ($45.9m) | ($107.6m) | ($768.8m) | ($35.8m) | ($42.2m) | |
| Net Issuance Payments Of Debt | — | — | $257.8m | $171.2m | $152.0m | $197.7m | $204.8m | |
| Net Long Term Debt Issuance | — | — | $307.8m | $171.2m | $152.0m | $197.7m | $204.8m | |
| Net Short Term Debt Issuance | — | $0 | ($50.0m) | $0 | ($9.5m) | — | ($9.5m) | |
| Repayment Of Debt | — | — | ($95.9m) | ($107.6m) | ($768.8m) | ($35.8m) | ($42.2m) | |
| Short Term Debt Issuance | — | $0 | $160.0m | $0 | — | — | $0 | |
| Short Term Debt Payments | — | $0 | ($50.0m) | $0 | ($9.5m) | — | ($9.5m) | |
| Common Stock Issuance | — | — | $9.8m | $136.9m | $150.5m | $82.5m | $82.5m | |
| Issuance Of Capital Stock | — | — | $9.8m | $136.9m | $150.5m | $82.5m | $82.5m | |
| Dividends paid | — | $0 | $0 | $0 | — | $0 | — | |
| Net Other Financing Charges | — | — | $157.3m | ($13.1m) | ($10.0m) | ($9.3m) | ($9.3m) | |
| Net cash generated from financing activities | $55.4m |
$254.8m
+359.97%
|
$424.9m
+66.74%
|
$301.3m
-29.09%
|
$297.3m
-1.33%
|
$270.8m
-8.90%
|
— | |
| (Decrease) increase in cash and cash equivalents | ($35.8m) | ($14.0m) | $49.0m | ($57.2m) | $41.6m | $116.4m | — | |
| Cash and cash equivalents at the beginning of the year | $31.7m | $17.6m | $66.4m | $11.2m | $51.4m | $172.4m | — | |
| Beginning Cash Position | — | — | $17.6m | $66.4m | $11.2m | $51.4m | $38.5m | |
| Exchange rate difference | ($3.2m) | ($2.7m) | ($10.6m) | $5.2m | ($8.2m) | $16.8m | — | |
| Effect of movements in exchange rates on cash held | $82k | ($161k) | ($113k) | $1.9m | ($1.3m) | $4.5m | — | |
| Effect Of Exchange Rate Changes | — | — | ($113k) | $1.9m | ($1.3m) | $4.5m | $2.8m | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Additional Financial Items | ||||||||
| Adjustments For Current Tax Of Prior Period | — | $491k | ($115k) | ($60k) | ($48k) | ($80k) | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | $21.8m | ($28.8m) | ($3.6m) | ($8.3m) | ($119.1m) | $93.2m | — | |
| Adjustments For Finance Costs | $161.6m | $117.4m | $188.4m | $267.2m | $303.2m | $149.2m | — | |
| Adjustments For Finance Income | — | — | — | $4.8m | $80.1m | $198.5m | — | |
| Adjustments For Income Tax Expense | ($121.7m) | ($47.7m) | ($38.1m) | ($99.3m) | $14.3m | $108.4m | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | — | ($2.7m) | ($10.6m) | $5.2m | ($8.2m) | $16.8m | — | |
| General And Administrative Expense | — | $84.1m | $186.7m | $76.6m | $65.7m | $90.9m | — | |
| Goodwill | — | $12.4m | $11.6m | $12.1m | $11.3m | $12.8m | $0 | |
| Interest Paid Classified As Operating Activities | ($5.7m) | $28.0m | $35.4m | $57.3m | $54.9m | $59.0m | — | |
| Interest Received Classified As Operating Activities | $212k | $16k | $568k | $3.6m | $4.6m | $2.4m | — | |
| Proceeds From Issuing Shares | — | $185.9m | $9.8m | $0 | — | — | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | $20.2m | $11.1m | $13.2m | $3.3m | $31.7m | — | |
| Profit / (loss) for the year | ($170.0m) | ($101.5m) | ($513.6m) | ($551.7m) | ($231.9m) | $27.9m | — | |
| Long-term incentive plan expense | $18.1m | $18.0m | $5.5m | $78k | $0 | $0 | — | |
| Effects resulting from business combination | — | — | — | $0 | $0 | ($8.0m) | — | |
| Loss on sale of interest in joint venture | — | — | $0 | $0 | $3.0m | $0 | — | |
| Finance income | ($5.6m) | ($51.6m) | ($2.5m) | ($4.8m) | ($80.1m) | ($198.5m) | — | |
| Net (gain) / loss on modification and extinguishment of financial liabilities | — | ($151.8m) | $27.3m | $0 | $69.4m | ($17.7m) | — | |
| Increase in contract assets | ($11.7m) | $15.3m | ($9.2m) | ($17.4m) | ($45.2m) | ($94.9m) | — | |
| (Decrease) / increase in contract liabilities | $24.0m | $21.5m | $19.4m | $35.4m | ($31.4m) | ($69.3m) | — | |
| (Decrease) / increase in liabilities with related parties | $1.7m | ($453k) | $56k | $2.2m | ($7.9m) | ($2.2m) | — | |
| Cash from (used in) operations | ($68.4m) | ($200.0m) | ($276.8m) | ($257.2m) | ($184.5m) | $7.1m | — | |
| Income tax paid | ($440k) | ($155k) | ($834k) | ($1.4m) | ($2.0m) | ($780k) | — | |
| Acquisition of intangible assets | ($4.5m) | ($20.2m) | ($11.1m) | ($13.2m) | ($3.3m) | ($31.7m) | — | |
| Net cash outflow on acquisition of subsidiary | — | — | — | $0 | $0 | ($14.0m) | — | |
| Proceeds from the sale in joint venture | — | — | $0 | $0 | $12.0m | $6.0m | — | |
| Net used in investing activities | ($16.9m) | ($40.6m) | ($63.5m) | ($46.3m) | ($18.9m) | ($104.2m) | — | |
| Repayments of principal portion of lease liabilities | ($6.1m) | ($7.3m) | ($11.1m) | ($8.3m) | ($10.2m) | ($10.4m) | — | |
| Gross proceeds from equity offering | — | $0 | $0 | $136.9m | $150.5m | $82.5m | — | |
| Fees from equity offering | — | $0 | $0 | ($4.1m) | ($5.8m) | ($3.8m) | — | |
| Proceeds from warrants | — | $0 | $0 | $6.4m | $4.8m | $0 | — | |
| Stock options exercised | — | — | $0 | $0 | $76k | $0 | — | |
| Proceeds from loans from related parties | — | $0 | $160.0m | $0 | $24.5m | $0 | — | |
| Repayment of loans from related parties | — | $0 | ($50.0m) | $0 | ($9.5m) | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | $424.9m | $301.3m | $297.3m | $270.8m | $275.7m | |
| Cash Flow From Continuing Investing Activities | — | — | ($63.5m) | ($46.3m) | ($18.9m) | ($104.2m) | ($130.0m) | |
| Change In Cash Supplemental As Reported | — | — | $49.0m | ($57.2m) | $41.6m | $116.4m | — | |
| Change In Other Working Capital | — | — | $19.4m | $35.4m | ($31.4m) | ($69.3m) | ($69.3m) | |
| Change In Payable | — | — | $16.4m | $31.8m | ($13.7m) | $45.3m | $7.2m | |
| Changes In Cash | — | — | $49.0m | ($57.2m) | $41.6m | $116.4m | $22.5m | |
| End Cash Position | — | — | $66.4m | $11.2m | $51.4m | $172.4m | $61.1m | |
| Financing Cash Flow | — | — | $424.9m |
$301.3m
-29.09%
|
$297.3m
-1.33%
|
$270.8m
-8.90%
|
$275.7m
+1.80%
|
|
| Free Cash Flow | — | — | ($361.4m) | ($358.7m) | ($293.8m) | ($146.3m) | ($242.1m) | |
| Gain Loss On Investment Securities | — | ($48.7m) | $95.3m | $132.3m | — | — | $297.3m | |
| Gain Loss On Sale Of Business | — | — | $0 | $0 | $3.0m | $0 | $0 | |
| Gain Loss On Sale Of PPE | — | — | $0 | $365k | $0 | $0 | $0 | |
| Interest Received CFO | — | — | $568k | $3.6m | $4.6m | $2.4m | $2.5m | |
| Investing Cash Flow | — | — | ($63.5m) | ($46.3m) | ($18.9m) | ($104.2m) | ($130.0m) | |
| Net Business Purchase And Sale | — | — | $0 | $0 | $12.0m | ($8.1m) | ($11.1m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | ($10.6m) | $5.2m | ($8.2m) | $16.8m | $10.2m | |
| Net Intangibles Purchase And Sale | — | — | ($11.1m) | ($13.2m) | ($3.3m) | ($31.7m) | ($70.5m) | |
| Net PPE Purchase And Sale | — | — | ($37.5m) | ($33.1m) | ($53.7m) | ($64.5m) | ($48.4m) | |
| Operating Gains Losses | — | — | ($12.8m) | $12.7m | ($5.2m) | $8.9m | $2.2m | |
| Other Non Cash Items | — | — | $302.1m | $262.4m | $292.4m | ($67.0m) | — | |
| Proceeds From Stock Option Exercised | — | — | $0 | $6.4m | $4.9m | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | $0 | $26.8m | ($4.4m) | $1.3m | $3.7m | |
| Purchase Of Business | — | $0 | — | $0 | $0 | ($14.0m) | ($14.0m) | |
| Purchase Of Intangibles | — | — | ($11.1m) | ($13.2m) | ($3.3m) | ($31.7m) | ($70.5m) | |
| Purchase Of PPE | — | — | ($37.9m) | ($33.2m) | ($53.7m) | ($64.5m) | ($119.0m) | |
| Sale Of Business | — | — | $0 | $0 | $12.0m | $6.0m | $3.0m | |
| Sale Of PPE | — | — | $379k | $133k | $0 | $0 | $0 | |
| Stock Based Compensation | — | — | $10.3m | $18.0m | $7.6m | $7.4m | $8.4m |