MannKind (MNKD) Financials

$4.74 +0.07 (+1.50%)

Closing price 04/25/2025 04:00 PM Eastern

Extended Trading

$4.71 -0.03 (-0.65%)

As of 04/25/2025 06:36 PM Eastern

Annual Income Statements for MannKind

This table shows MannKind's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-198	-368	126	-117	-87	-52	-57	-81	-87	-12	28
Consolidated Net Income / (Loss)	-198	-368	126	-117	-87	-52	-57	-81	-87	-12	28
Net Income / (Loss) Continuing Operations	-198	-368	126	-117	-87	-52	-57	-81	-87	-12	28
Total Pre-Tax Income	-198	-368	126	-117	-87	-52	-57	-81	-87	-10	31
Total Operating Income	-180	-345	67	-108	-77	-45	-48	-47	-64	8.68	73
Total Gross Profit	0.00	-65	125	-5.48	7.39	35	41	37	42	136	209
Total Revenue	0.00	0.00	175	12	28	63	65	75	100	199	286
Operating Revenue	0.00	0.00	175	12	28	63	65	75	100	199	286
Total Cost of Revenue	0.00	65	50	17	20	28	25	39	57	63	77
Operating Cost of Revenue	0.00	65	50	17	20	28	25	39	57	63	77
Total Operating Expenses	180	280	57	103	84	80	88	84	106	128	136
Selling, General & Admin Expense	79	41	47	75	80	75	59	77	91	94	94
Research & Development Expense	100	30	15	14	8.74	6.90	19	12	20	31	46
Other Operating Expenses / (Income)	0.00	69	-5.70	13	-4.47	-1.91	8.01	-6.23	-4.81	1.92	-3.91
Total Other Income / (Expense), net	-19	-24	58	-9.09	-10	-7.31	-9.55	-34	-23	-19	-42
Interest Expense	20	25	-54	15	10	7.38	9.74	34	25	25	58
Interest & Investment Income	0.01	0.02	0.09	0.29	0.50	1.00	0.17	0.11	2.51	6.15	13
Other Income / (Expense), net	1.68	1.37	4.77	5.50	-0.44	-0.93	0.02	-0.24	-1.03	-0.05	3.74
Income Tax Expense	0.00	0.00	-	0.05	0.24	0.00	-0.22	0.00	0.00	1.56	2.93
Basic Earnings per Share	($2.57)	($4.54)	$1.37	($1.13)	($0.60)	($0.27)	($0.26)	($0.32)	($0.34)	($0.04)	$0.10
Weighted Average Basic Shares Outstanding	77.05M	81.23M	92.05M	104.25M	144.14M	195.58M	222.59M	249.24M	257.09M	267.01M	274.42M
Diluted Earnings per Share	($2.57)	($4.54)	$1.36	($1.13)	($0.60)	($0.27)	($0.26)	($0.32)	($0.34)	($0.04)	$0.10
Weighted Average Diluted Shares Outstanding	77.05M	81.23M	92.09M	104.25M	144.14M	195.58M	222.59M	249.24M	257.09M	267.01M	283.84M
Weighted Average Basic & Diluted Shares Outstanding	385.23M	406.17M	91.70M	120.47M	144.14M	195.58M	222.59M	249.24M	263.92M	270.42M	303.59M

This table shows MannKind's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-14	-18	-9.80	-5.27	1.72	1.40	11	-2.01	12	7.42
Consolidated Net Income / (Loss)	-14	-18	-9.80	-5.27	1.72	1.40	11	-2.01	12	7.42
Net Income / (Loss) Continuing Operations	-14	-18	-9.80	-5.27	1.72	1.40	11	-2.01	12	7.42
Total Pre-Tax Income	-14	-18	-9.80	-5.27	1.72	2.96	11	-1.69	13	8.45
Total Operating Income	-9.61	-13	-6.00	1.72	5.10	7.86	17	17	13	26
Total Gross Profit	15	20	24	34	37	40	48	52	52	57
Total Revenue	33	36	41	49	51	58	66	72	70	77
Operating Revenue	33	36	41	49	51	58	66	72	70	77
Total Cost of Revenue	17	16	16	14	14	18	19	20	18	20
Operating Cost of Revenue	17	16	16	14	14	18	19	20	18	20
Total Operating Expenses	25	33	30	33	32	33	31	35	39	31
Selling, General & Admin Expense	23	22	24	26	24	21	22	24	24	24
Research & Development Expense	4.14	7.16	5.61	6.45	9.99	9.24	10	12	13	11
Other Operating Expenses / (Income)	-1.80	3.47	0.95	0.25	-2.07	2.78	-1.40	-0.53	2.45	-4.43
Total Other Income / (Expense), net	-4.82	-5.16	-3.80	-6.99	-3.38	-4.90	-5.83	-18	0.11	-18
Interest Expense	5.28	5.29	5.21	9.32	5.27	5.36	9.26	20	8.36	21
Interest & Investment Income	0.66	0.96	1.30	1.55	1.58	1.73	3.43	3.18	3.18	2.83
Income Tax Expense	0.00	-	0.00	0.00	0.00	1.56	0.26	0.32	1.32	1.02
Basic Earnings per Share	($0.06)	($0.07)	($0.04)	($0.02)	$0.01	$0.01	$0.04	($0.01)	$0.04	$0.03
Weighted Average Basic Shares Outstanding	259.30M	257.09M	263.97M	265.63M	268.73M	267.01M	270.36M	273.06M	275.00M	274.42M
Diluted Earnings per Share	($0.06)	($0.07)	($0.04)	($0.02)	$0.01	$0.01	$0.04	($0.01)	$0.04	$0.03
Weighted Average Diluted Shares Outstanding	259.30M	257.09M	263.97M	265.63M	323.77M	267.01M	324.73M	273.06M	284.69M	283.84M
Weighted Average Basic & Diluted Shares Outstanding	263.20M	263.92M	264.31M	268.36M	269.57M	270.42M	272.32M	275.00M	275.78M	303.59M

This table details how cash moves in and out of MannKind's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	50	-96	-36	25	23	-41	37	57	-54	169	-191
Net Cash From Operating Activities	4.09	-57	-78	-65	-38	-88	-28	-62	-81	34	43
Net Cash From Continuing Operating Activities	4.09	-57	-78	-65	-38	-88	-28	-62	-81	34	43
Net Income / (Loss) Continuing Operations	-198	-368	126	-117	-87	-52	-57	-81	-87	-12	28
Consolidated Net Income / (Loss)	-198	-368	126	-117	-87	-52	-57	-81	-87	-12	28
Depreciation Expense	19	13	4.16	3.53	2.86	0.97	2.15	1.99	3.33	4.54	7.37
Amortization Expense	-	-	-	-	-	1.18	1.18	3.49	5.79	2.46	-1.78
Non-Cash Adjustments To Reconcile Net Income	53	260	-28	17	2.77	-32	31	21	13	10	41
Changes in Operating Assets and Liabilities, net	131	38	-180	32	44	-6.42	-5.03	-6.92	-15	29	-31
Net Cash From Investing Activities	-24	-10	-1.13	17	-0.23	-23	15	-152	4.87	-1.99	-97
Net Cash From Continuing Investing Activities	-24	-10	-1.13	17	-0.23	-23	15	-152	4.87	-1.99	-97
Purchase of Property, Plant & Equipment	-24	-10	-1.14	-	-0.35	-2.57	-0.80	-11	-7.59	-42	-9.69
Acquisitions	-	-	-	-	-	0.00	-3.98	0.00	-15	0.00	0.00
Purchase of Investments	-	-	-	-	-	-45	0.00	-199	-75	-79	-274
Sale and/or Maturity of Investments	-	-	-	-	-	25	20	59	107	119	193
Other Investing Activities, net	-	-	-	-	-	-0.30	0.00	0.00	-5.00	0.38	-6.61
Net Cash From Financing Activities	70	-29	43	74	61	70	50	270	21	137	-137
Net Cash From Continuing Financing Activities	70	5.67	43	74	61	70	50	270	21	137	-137
Repayment of Debt	0.00	-65	-5.00	-4.00	-5.00	-57	0.00	-43	0.00	-6.67	-133
Repurchase of Common Equity	0.00	-0.55	-2.69	-3.31	-4.23	-0.43	-0.29	-3.12	-0.06	-10	-6.09
Issuance of Common Equity	12	33	51	62	71	3.26	23	1.89	20	6.89	0.00
Other Financing Activities, net	-2.28	4.05	-0.17	-0.13	-	4.38	12	85	1.66	147	1.99
Cash Interest Paid	11	13	8.99	18	3.76	1.76	3.56	11	8.85	18	18
Cash Income Taxes Paid	-	0.00	-	0.05	0.24	-	-	-	0.00	0.00	4.26

This table details how cash moves in and out of MannKind's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	19	15	16	0.32	-3.17	155	-45	-96	-34	-16
Net Cash From Operating Activities	-28	-2.38	1.16	2.60	8.66	22	6.70	3.83	9.33	23
Net Cash From Continuing Operating Activities	-28	-2.38	1.16	2.60	8.66	22	6.70	3.83	9.33	23
Net Income / (Loss) Continuing Operations	-14	-18	-9.80	-5.27	1.72	1.40	11	-2.01	12	7.42
Consolidated Net Income / (Loss)	-14	-18	-9.80	-5.27	1.72	1.40	11	-2.01	12	7.42
Depreciation Expense	0.98	1.02	1.06	1.22	1.03	1.23	1.36	1.73	2.12	2.16
Amortization Expense	0.95	1.56	0.81	0.79	0.95	-0.09	0.83	0.73	0.91	-4.25
Non-Cash Adjustments To Reconcile Net Income	-4.32	12	5.07	2.24	-0.44	3.63	7.38	11	1.58	21
Changes in Operating Assets and Liabilities, net	-11	1.24	4.02	3.61	5.39	16	-14	-7.85	-6.83	-3.32
Net Cash From Investing Activities	27	15	14	3.66	-12	-7.90	-48	-55	-41	48
Net Cash From Continuing Investing Activities	27	15	14	3.66	-12	-7.90	-48	-55	-41	48
Purchase of Property, Plant & Equipment	-0.27	-5.10	-8.31	-17	-11	-5.87	-2.41	-2.97	-1.42	-2.90
Sale and/or Maturity of Investments	29	25	22	47	24	27	22	67	47	58
Other Investing Activities, net	-	-	0.00	-	0.38	-	0.40	-	-	-7.01
Net Cash From Financing Activities	20	2.83	1.15	-5.95	-0.28	142	-3.47	-45	-2.34	-87
Net Cash From Continuing Financing Activities	20	2.83	1.15	-5.95	-0.28	142	-3.47	-45	-2.34	-87
Repayment of Debt	-	-	0.00	-	-1.67	-5.00	-5.00	-40	-	-88
Repurchase of Common Equity	-0.57	0.76	-	-	-1.78	0.04	-	-	-1.51	0.09
Other Financing Activities, net	0.31	2.75	-0.02	0.98	-0.95	147	1.53	0.59	-0.83	0.71
Cash Interest Paid	0.80	3.71	3.70	0.56	3.72	10	5.93	2.39	5.29	3.89
Cash Income Taxes Paid	-	-	-	-	-	-	-	-	0.24	2.30

This table presents MannKind's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	394	126	107	85	108	94	109	321	295	475	394
Total Current Assets	201	77	77	57	82	61	79	219	235	373	268
Cash & Equivalents	121	59	23	44	71	30	67	124	70	238	46
Short-Term Investments	-	-	-	-	-	20	0.00	80	101	57	151
Accounts Receivable	50	0.02	31	2.79	4.02	3.51	4.22	4.74	17	15	12
Inventories, net	9.67	0.00	2.33	2.66	3.60	4.16	4.97	7.15	22	29	28
Prepaid Expenses	20	4.02	4.36	3.01	2.56	2.89	3.12	3.48	25	35	31
Plant, Property, & Equipment, net	192	49	29	27	26	27	26	37	45	84	85
Total Noncurrent Assets	1.16	1.01	0.65	0.44	0.25	6.19	3.27	65	15	18	40
Long-Term Investments	-	-	-	-	-	-	0.00	57	1.96	7.16	5.48
Goodwill	-	-	-	-	-	-	-	0.00	2.43	1.93	1.93
Intangible Assets	-	-	-	-	-	-	-	0.00	1.15	1.07	5.27
Other Noncurrent Operating Assets	0.85	1.01	0.65	0.44	0.25	6.19	3.27	8.44	9.72	7.43	27
Total Liabilities & Shareholders' Equity	394	126	107	85	108	94	109	321	295	475	394
Total Liabilities	468	477	291	299	283	284	289	531	546	721	473
Total Current Liabilities	403	268	92	88	75	66	74	48	67	104	82
Short-Term Debt	172	75	71	53	11	5.03	4.06	-	0.00	20	0.00
Accounts Payable	7.39	16	3.26	6.98	5.38	4.79	5.58	6.96	11	9.58	6.79
Accrued Expenses	26	7.93	7.94	12	15	16	20	27	36	42	40
Current Deferred Revenue	197	158	4.42	3.29	37	33	33	0.83	1.73	9.09	12
Other Current Liabilities	-	12	5.09	12	6.66	7.39	11	13	19	23	22
Total Noncurrent Liabilities	65	208	199	212	208	219	215	482	479	617	391
Long-Term Debt	50	77	77	104	91	114	118	281	273	249	36
Noncurrent Deferred Revenue	-	-	-	-	11	8.34	1.66	20	38	70	51
Other Noncurrent Operating Liabilities	15	131	121	108	106	96	95	88	73	299	304
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-74	-350	-184	-215	-175	-191	-180	-209	-251	-246	-79
Total Preferred & Common Equity	-74	-350	-184	-215	-175	-191	-180	-209	-251	-246	-79
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-74	-350	-184	-215	-175	-191	-180	-209	-251	-246	-79
Common Stock	2,421	2,513	2,554	2,640	2,765	2,801	2,869	2,921	2,967	2,983	3,122
Retained Earnings	-2,495	-2,863	-2,738	-2,855	-2,940	-2,992	-3,049	-3,130	-3,217	-3,229	-3,202
Accumulated Other Comprehensive Income / (Loss)	-0.01	-0.02	-0.02	-0.02	-0.02	-0.02	0.00	-	-	0.00	1.11

This table presents MannKind's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	294	298	313	320	481	444	464
Total Current Assets	218	223	230	226	383	326	328
Cash & Equivalents	54	86	86	83	193	97	62
Short-Term Investments	111	80	58	58	107	151	189
Accounts Receivable	23	20	28	22	20	23	18
Inventories, net	18	22	25	27	26	25	27
Prepaid Expenses	12	15	33	36	36	30	31
Plant, Property, & Equipment, net	41	55	70	80	84	85	85
Total Noncurrent Assets	34	20	14	14	14	33	51
Long-Term Investments	13	0.49	2.28	3.27	3.73	13	17
Goodwill	3.07	2.00	1.93	1.93	1.93	1.93	1.93
Intangible Assets	1.17	1.13	1.11	1.09	1.05	1.03	5.31
Other Noncurrent Operating Assets	17	16	8.35	8.05	7.45	16	27
Total Liabilities & Shareholders' Equity	294	298	313	320	481	444	464
Total Liabilities	532	554	574	572	711	670	674
Total Current Liabilities	60	82	97	96	100	80	72
Short-Term Debt	-	12	17	20	20	0.00	0.00
Accounts Payable	9.87	14	17	17	7.15	9.56	6.44
Accrued Expenses	30	33	37	32	42	41	37
Current Deferred Revenue	1.79	2.32	3.49	3.67	7.60	7.42	6.52
Other Current Liabilities	18	21	23	24	23	22	22
Total Noncurrent Liabilities	472	472	477	476	611	590	602
Long-Term Debt	273	262	258	253	244	228	228
Capital Lease Obligations	94	-	94	94	94	0.18	0.17
Noncurrent Deferred Revenue	32	46	60	69	68	66	65
Other Noncurrent Operating Liabilities	72	164	65	59	205	296	309
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-238	-255	-260	-252	-230	-226	-210
Total Preferred & Common Equity	-238	-255	-260	-252	-230	-226	-210
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-238	-255	-260	-252	-230	-226	-210
Common Stock	2,963	2,972	2,972	2,979	2,989	2,995	2,999
Retained Earnings	-3,200	-3,227	-3,233	-3,231	-3,219	-3,221	-3,209
Accumulated Other Comprehensive Income / (Loss)	-1.21	0.00	0.44	0.44	0.00	0.00	0.59

This table displays calculated financial ratios and metrics derived from MannKind's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	-93.28%	137.20%	126.28%	3.34%	15.81%	32.25%	99.42%	43.50%
EBITDA Growth	-2.18%	-107.07%	123.09%	-230.15%	25.20%	41.53%	-2.76%	6.23%	-34.09%	127.89%	424.26%
EBIT Growth	-4.65%	-92.92%	120.98%	-242.56%	24.98%	40.90%	-5.20%	1.31%	-37.84%	113.25%	784.45%
NOPAT Growth	-6.04%	-91.87%	127.88%	-212.60%	29.20%	41.78%	-7.44%	1.86%	-36.34%	113.54%	980.20%
Net Income Growth	-3.60%	-85.73%	134.11%	-193.37%	25.87%	40.32%	-10.28%	-41.38%	-8.00%	86.34%	331.09%
EPS Growth	-3.60%	-85.73%	134.11%	-183.09%	46.90%	55.00%	3.70%	-23.08%	-6.25%	88.24%	350.00%
Operating Cash Flow Growth	103.17%	-1,500.69%	-36.44%	17.05%	41.75%	-134.51%	68.21%	-119.39%	-30.74%	142.26%	24.69%
Free Cash Flow Firm Growth	96.08%	1,129.93%	-403.13%	79.26%	43.19%	-244.01%	44.07%	-109.55%	-34.95%	371.47%	-86.38%
Invested Capital Growth	-81.67%	-1,045.29%	77.49%	-83.24%	-35.77%	15.56%	-2.89%	23.93%	41.96%	-405.44%	12.23%
Revenue Q/Q Growth	0.00%	0.00%	7.64%	-40.13%	70.32%	-0.06%	3.91%	-7.29%	30.89%	12.70%	6.85%
EBITDA Q/Q Growth	9.27%	-278.07%	142.25%	-17.48%	21.36%	-6.33%	-35.14%	2.21%	16.36%	597.64%	25.56%
EBIT Q/Q Growth	8.83%	-241.97%	138.60%	-16.46%	21.10%	-9.53%	-31.79%	-0.47%	13.71%	174.53%	35.27%
NOPAT Q/Q Growth	8.42%	-238.24%	149.59%	-18.65%	21.61%	-8.85%	-34.90%	-0.47%	14.85%	172.50%	41.19%
Net Income Q/Q Growth	7.95%	-188.15%	161.20%	-283.78%	20.94%	-9.53%	-26.94%	-2.08%	10.37%	61.84%	27.92%
EPS Q/Q Growth	7.95%	-188.15%	161.20%	-289.66%	16.67%	-12.50%	-23.81%	3.03%	10.53%	66.67%	25.00%
Operating Cash Flow Q/Q Growth	-29.30%	18.73%	11.15%	-36.23%	59.30%	-51.54%	15.96%	-25.61%	11.00%	239.58%	2.33%
Free Cash Flow Firm Q/Q Growth	94.28%	176.65%	-745.32%	67.37%	75.35%	-130.25%	-25.82%	3.22%	5.49%	926.77%	-88.29%
Invested Capital Q/Q Growth	235.59%	-4,052.22%	54.04%	-0.40%	-30.06%	-4.75%	-6.85%	-12.09%	-15.42%	-883.07%	1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	71.34%	-46.68%	26.53%	55.62%	62.17%	48.49%	42.37%	68.45%	73.17%
EBITDA Margin	0.00%	0.00%	43.60%	-844.27%	-266.25%	-68.80%	-68.41%	-55.39%	-56.16%	7.85%	28.69%
Operating Margin	0.00%	0.00%	38.49%	-921.15%	-274.94%	-70.75%	-73.55%	-62.33%	-64.26%	4.36%	25.42%
EBIT Margin	0.00%	0.00%	41.22%	-874.31%	-276.51%	-72.22%	-73.51%	-62.65%	-65.29%	4.34%	26.73%
Profit (Net Income) Margin	0.00%	0.00%	71.91%	-999.00%	-312.20%	-82.34%	-87.87%	-107.27%	-87.60%	-6.00%	9.66%
Tax Burden Percent	100.00%	100.00%	100.00%	100.04%	100.28%	100.00%	99.62%	100.00%	100.00%	115.04%	90.40%
Interest Burden Percent	111.48%	107.33%	174.46%	114.21%	112.60%	114.01%	119.98%	171.23%	134.16%	-120.24%	39.98%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.60%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	379.74%	173.75%	-47.07%	58.91%	44.62%	28.39%	30.86%	41.53%	38.01%	4.81%	-16.98%
Cash Return on Invested Capital (CROIC)	-4.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	61.70%	-107.17%	-80.12%	-45.20%	-47.34%	-21.99%	-21.14%	2.24%	17.57%
Return on Assets (ROA)	0.00%	0.00%	107.65%	-122.45%	-90.47%	-51.53%	-56.58%	-37.66%	-28.36%	-3.10%	6.35%
Return on Common Equity (ROCE)	379.74%	173.75%	-47.07%	58.91%	44.62%	28.39%	30.86%	41.53%	38.01%	4.81%	-16.98%
Return on Equity Simple (ROE_SIMPLE)	268.92%	105.17%	-68.45%	54.64%	49.68%	27.24%	31.73%	38.66%	34.88%	4.85%	-35.00%
Net Operating Profit after Tax (NOPAT)	-126	-241	67	-76	-54	-31	-34	-33	-45	6.07	66
NOPAT Margin	0.00%	0.00%	38.49%	-644.80%	-192.46%	-49.52%	-51.48%	-43.63%	-44.98%	3.05%	22.98%
Net Nonoperating Expense Percent (NNEP)	51.80%	131.34%	-53.52%	35.55%	47.91%	41.58%	38.30%	56.80%	27.51%	22.29%	-37.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-38.20%	26.96%	-153.44%
Cost of Revenue to Revenue	0.00%	0.00%	28.66%	146.68%	73.47%	44.38%	37.83%	51.51%	57.63%	31.55%	26.83%
SG&A Expenses to Revenue	0.00%	0.00%	26.85%	638.22%	286.14%	118.45%	90.63%	102.62%	91.68%	47.40%	33.04%
R&D to Revenue	0.00%	0.00%	8.54%	120.20%	31.36%	10.95%	29.90%	16.32%	19.77%	15.72%	16.07%
Operating Expenses to Revenue	0.00%	0.00%	32.85%	874.47%	301.46%	126.36%	135.72%	110.82%	106.63%	64.09%	47.75%
Earnings before Interest and Taxes (EBIT)	-178	-343	72	-103	-77	-46	-48	-47	-65	8.63	76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-159	-330	76	-99	-74	-43	-45	-42	-56	16	82
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	1.74	23.14	6.07	4.22	11.18	14.55	13.90	4.93	6.21
Price to Earnings (P/E)	0.00	0.00	2.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	64.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	41.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.56%
Enterprise Value to Invested Capital (EV/IC)	81.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.46	32.38	7.18	5.31	12.02	16.07	15.86	4.76	5.63
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	5.65	0.00	0.00	0.00	0.00	0.00	0.00	60.65	19.61
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	5.97	0.00	0.00	0.00	0.00	0.00	0.00	109.81	21.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	6.40	0.00	0.00	0.00	0.00	0.00	0.00	156.01	24.48
Enterprise Value to Operating Cash Flow (EV/OCF)	542.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.80	37.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.11	51.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.01	-0.43	-0.81	-0.73	-0.59	-0.62	-0.68	-1.79	-1.47	-1.09	-0.46
Long-Term Debt to Equity	-0.67	-0.22	-0.42	-0.48	-0.52	-0.60	-0.66	-1.79	-1.47	-1.01	-0.46
Financial Leverage	-2.68	-0.46	-0.41	-0.59	-0.36	-0.27	-0.33	-0.43	-0.67	-0.33	0.62
Leverage Ratio	-6.25	-1.23	-0.44	-0.48	-0.49	-0.55	-0.55	-1.10	-1.34	-1.55	-2.67
Compound Leverage Factor	-6.97	-1.32	-0.76	-0.55	-0.56	-0.63	-0.65	-1.89	-1.80	1.87	-1.07
Debt to Total Capital	149.81%	-76.39%	-423.09%	-270.80%	-141.17%	-166.00%	-210.08%	226.59%	313.29%	1,192.57%	-84.30%
Short-Term Debt to Total Capital	116.37%	-37.55%	-203.26%	-91.08%	-15.56%	-7.02%	-6.98%	0.00%	0.00%	88.77%	0.00%
Long-Term Debt to Total Capital	33.44%	-38.84%	-219.83%	-179.72%	-125.61%	-158.98%	-203.10%	226.59%	313.29%	1,103.81%	-84.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-49.81%	176.39%	523.09%	370.80%	241.17%	266.00%	310.08%	-126.59%	-213.29%	-1,092.57%	184.30%
Debt to EBITDA	-1.39	-0.46	1.95	-1.58	-1.38	-2.74	-2.74	-8.97	-6.57	17.20	0.44
Net Debt to EBITDA	-0.63	-0.28	1.65	-1.09	-0.42	-1.58	-1.24	-2.73	-3.48	-2.15	-2.03
Long-Term Debt to EBITDA	-0.31	-0.23	1.01	-1.05	-1.23	-2.63	-2.65	-8.97	-6.57	15.92	0.44
Debt to NOPAT	-1.76	-0.63	2.21	-2.07	-1.91	-3.81	-3.64	-11.38	-8.20	44.23	0.55
Net Debt to NOPAT	-0.80	-0.38	1.87	-1.43	-0.57	-2.20	-1.64	-3.46	-4.35	-5.52	-2.54
Long-Term Debt to NOPAT	-0.39	-0.32	1.15	-1.37	-1.70	-3.65	-3.52	-11.38	-8.20	40.94	0.55
Altman Z-Score	-8.25	-41.74	-31.48	-51.01	-39.88	-45.12	-38.58	-12.01	-13.44	-7.54	-7.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.29	0.84	0.65	1.09	0.93	1.08	4.54	3.49	3.59	3.28
Quick Ratio	0.42	0.22	0.58	0.53	1.00	0.81	0.97	4.32	2.79	2.98	2.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.24	44	-132	-27	-16	-54	-30	-63	-85	230	31
Operating Cash Flow to CapEx	16.96%	-560.93%	-6,929.02%	0.00%	-16,124.36%	-3,449.63%	-3,511.61%	-538.19%	-1,063.10%	80.33%	438.57%
Free Cash Flow to Firm to Interest Expense	-0.21	1.74	0.00	-1.84	-1.53	-7.28	-3.08	-1.86	-3.43	9.16	0.54
Operating Cash Flow to Interest Expense	0.20	-2.27	0.00	-4.35	-3.70	-11.99	-2.89	-1.83	-3.26	1.36	0.73
Operating Cash Flow Less CapEx to Interest Expense	-0.98	-2.68	0.00	-3.23	-3.72	-12.34	-2.97	-2.17	-3.56	-0.33	0.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	1.50	0.12	0.29	0.63	0.64	0.35	0.32	0.52	0.66
Accounts Receivable Turnover	0.00	0.00	11.32	0.70	8.19	16.74	16.85	16.85	9.26	12.55	21.38
Inventory Turnover	0.00	0.00	0.00	6.91	6.55	7.22	5.40	6.41	3.98	2.50	2.71
Fixed Asset Turnover	0.00	0.00	4.50	0.42	1.06	2.41	2.47	2.42	2.44	3.08	3.37
Accounts Payable Turnover	0.00	5.63	5.31	3.36	3.31	5.50	4.75	6.20	6.39	6.08	9.36
Days Sales Outstanding (DSO)	0.00	0.00	32.25	522.84	44.59	21.80	21.66	21.67	39.40	29.08	17.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	52.84	55.76	50.56	67.61	56.95	91.81	146.29	134.44
Days Payable Outstanding (DPO)	0.00	64.81	68.72	108.55	110.23	66.32	76.81	58.89	57.16	59.99	39.01
Cash Conversion Cycle (CCC)	0.00	0.00	-36.47	467.13	-9.88	6.04	12.45	19.73	74.05	115.39	112.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27	-258	-58	-106	-144	-122	-125	-95	-55	-280	-246
Invested Capital Turnover	0.00	0.00	-1.11	-0.14	-0.22	-0.47	-0.53	-0.68	-1.32	-1.19	-1.09
Increase / (Decrease) in Invested Capital	-121	-285	200	-48	-38	22	-3.52	30	40	-224	34
Enterprise Value (EV)	2,217	686	430	380	200	335	783	1,212	1,582	948	1,607
Market Capitalization	2,116	594	305	272	169	266	728	1,098	1,387	981	1,773
Book Value per Share	($0.18)	($0.86)	($0.38)	($1.83)	($1.10)	($0.92)	($0.78)	($0.83)	($0.95)	($0.91)	($0.29)
Tangible Book Value per Share	($0.18)	($0.86)	($0.38)	($1.83)	($1.10)	($0.92)	($0.78)	($0.83)	($0.97)	($0.92)	($0.31)
Total Capital	148	-199	-35	-58	-73	-72	-58	165	117	23	-43
Total Debt	222	152	148	157	102	119	122	375	368	269	36
Total Long-Term Debt	50	77	77	104	91	114	118	375	368	249	36
Net Debt	101	93	126	108	31	69	55	114	195	-34	-167
Capital Expenditures (CapEx)	24	10	1.13	-17	0.23	2.57	0.80	11	7.59	42	9.69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-151	-176	34	-26	-54	-50	-57	-33	-3.25	-5.83	-11
Debt-free Net Working Capital (DFNWC)	-30	-117	57	22	18	0.17	9.83	171	168	289	186
Net Working Capital (NWC)	-202	-192	-15	-30	6.61	-4.86	5.77	171	168	269	186
Net Nonoperating Expense (NNE)	73	127	-58	42	33	21	24	48	43	18	38
Net Nonoperating Obligations (NNO)	101	93	126	108	31	69	55	114	195	-34	-167
Total Depreciation and Amortization (D&A)	19	13	4.16	3.53	2.86	2.15	3.33	5.47	9.11	7.00	5.59
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	19.39%	-221.29%	-193.02%	-79.37%	-88.01%	-43.71%	-3.25%	-2.93%	-3.78%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	32.49%	190.41%	64.29%	0.26%	15.09%	226.85%	167.99%	145.39%	65.31%
Net Working Capital to Revenue	0.00%	0.00%	-8.33%	-258.67%	23.74%	-7.71%	8.86%	226.85%	167.99%	135.34%	65.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.55)	($4.55)	$1.37	($1.13)	($0.60)	($0.27)	($0.26)	($0.32)	($0.34)	($0.04)	$0.10
Adjusted Weighted Average Basic Shares Outstanding	81.77M	85.77M	92.05M	104.25M	144.14M	212.30M	247.16M	251.80M	257.09M	267.01M	274.42M
Adjusted Diluted Earnings per Share	($2.55)	($4.55)	$1.36	($1.13)	($0.60)	($0.27)	($0.26)	($0.32)	($0.34)	($0.04)	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	81.77M	85.77M	92.09M	104.25M	144.14M	212.30M	247.16M	251.80M	257.09M	267.01M	283.84M
Adjusted Basic & Diluted Earnings per Share	($2.55)	($4.55)	$0.00	$0.00	$0.00	($0.27)	($0.26)	($0.32)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	77.05M	81.23M	95.78M	120.47M	187.34M	195.58M	222.59M	249.24M	263.92M	270.42M	303.59M
Normalized Net Operating Profit after Tax (NOPAT)	-126	-143	48	-76	-54	-31	-32	-33	-45	6.07	66
Normalized NOPAT Margin	0.00%	0.00%	27.45%	-643.59%	-192.46%	-49.52%	-49.45%	-43.53%	-44.98%	3.05%	22.98%
Pre Tax Income Margin	0.00%	0.00%	71.91%	-998.57%	-311.34%	-82.34%	-88.20%	-107.27%	-87.60%	-5.22%	10.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.70	-13.64	0.00	-6.90	-7.55	-6.17	-4.92	-1.40	-2.63	0.34	1.31
NOPAT to Interest Expense	-6.15	-9.58	0.00	-5.09	-5.25	-4.23	-3.45	-0.97	-1.81	0.24	1.12
EBIT Less CapEx to Interest Expense	-9.88	-14.04	0.00	-5.78	-7.57	-6.52	-5.00	-1.74	-2.94	-1.34	1.14
NOPAT Less CapEx to Interest Expense	-7.33	-9.99	0.00	-3.97	-5.28	-4.58	-3.53	-1.31	-2.12	-1.45	0.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.15%	2.14%	-2.82%	-4.87%	-0.83%	-0.50%	-3.86%	-0.07%	-86.03%	22.06%

This table displays calculated financial ratios and metrics derived from MannKind's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.79%	188.13%	238.78%	157.28%	56.14%	62.16%	63.10%	48.91%	36.73%	31.30%
EBITDA Growth	-45.25%	49.82%	79.79%	126.25%	193.85%	170.04%	570.21%	287.81%	184.90%	215.71%
EBIT Growth	-48.99%	43.18%	72.30%	112.27%	155.16%	148.41%	384.05%	500.00%	233.35%	301.93%
NOPAT Growth	-45.83%	46.64%	71.78%	108.41%	175.77%	141.51%	488.62%	865.14%	124.67%	526.50%
Net Income Growth	-226.07%	36.04%	62.32%	81.86%	111.92%	107.81%	208.52%	61.75%	571.12%	429.76%
EPS Growth	-200.00%	36.36%	60.00%	81.82%	116.67%	114.29%	200.00%	50.00%	300.00%	200.00%
Operating Cash Flow Growth	-84.89%	80.76%	106.33%	108.12%	130.86%	1,012.37%	479.84%	47.65%	7.70%	4.46%
Free Cash Flow Firm Growth	-18.99%	-4.70%	216.20%	42.32%	67.16%	565.82%	-17.86%	951.07%	1,719.64%	-104.79%
Invested Capital Growth	43.64%	41.96%	-64.67%	42.69%	40.66%	-405.44%	-18.91%	-576.88%	-779.31%	12.23%
Revenue Q/Q Growth	73.73%	9.85%	12.67%	19.65%	5.44%	14.09%	13.32%	9.24%	-3.19%	9.56%
EBITDA Q/Q Growth	54.20%	-39.98%	63.56%	212.36%	63.73%	4.47%	144.66%	-7.33%	20.29%	15.77%
EBIT Q/Q Growth	52.00%	-38.71%	56.77%	142.64%	115.74%	21.74%	153.67%	-9.94%	19.86%	46.78%
NOPAT Q/Q Growth	53.02%	-33.09%	53.10%	128.69%	323.09%	-27.08%	339.00%	-28.74%	-1.51%	103.34%
Net Income Q/Q Growth	50.27%	-24.36%	45.42%	46.25%	132.69%	-18.59%	658.74%	-118.95%	673.49%	-35.74%
EPS Q/Q Growth	45.45%	-16.67%	42.86%	50.00%	150.00%	0.00%	300.00%	-125.00%	500.00%	-25.00%
Operating Cash Flow Q/Q Growth	12.22%	91.54%	148.65%	124.57%	233.74%	150.21%	-69.08%	-42.82%	143.44%	142.68%
Free Cash Flow Firm Q/Q Growth	7.43%	-11.67%	210.18%	-150.64%	47.30%	1,684.23%	-80.57%	424.65%	0.29%	-104.69%
Invested Capital Q/Q Growth	28.24%	-15.42%	-167.55%	74.14%	25.69%	-883.07%	37.06%	-47.20%	3.46%	1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.81%	55.28%	60.09%	70.71%	72.19%	69.10%	71.93%	71.85%	74.28%	74.47%
EBITDA Margin	-24.02%	-30.61%	-9.90%	9.30%	14.44%	13.22%	28.54%	24.21%	30.08%	31.79%
Operating Margin	-29.28%	-35.47%	-14.76%	3.54%	9.94%	13.44%	25.24%	22.95%	18.21%	34.51%
EBIT Margin	-29.91%	-37.76%	-14.49%	5.16%	10.57%	11.27%	25.24%	20.81%	25.76%	34.51%
Profit (Net Income) Margin	-43.97%	-49.77%	-24.11%	-10.83%	3.36%	2.40%	16.04%	-2.78%	16.48%	9.67%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	47.30%	97.58%	119.10%	89.74%	87.89%
Interest Burden Percent	147.01%	131.80%	166.38%	-209.76%	31.78%	44.93%	65.15%	-11.23%	71.30%	31.87%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	52.70%	2.42%	0.00%	10.26%	12.11%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	46.18%	38.01%	29.21%	18.69%	12.78%	4.81%	-3.50%	-4.83%	-9.34%	-16.98%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-8.57%	-12.22%	-6.14%	2.73%	6.07%	5.82%	14.55%	13.65%	17.55%	22.67%
Return on Assets (ROA)	-12.60%	-16.11%	-10.21%	-5.72%	1.93%	1.24%	9.25%	-1.83%	11.23%	6.35%
Return on Common Equity (ROCE)	46.18%	38.01%	29.21%	18.69%	12.78%	4.81%	-3.50%	-4.83%	-9.34%	-16.98%
Return on Equity Simple (ROE_SIMPLE)	41.03%	0.00%	27.88%	18.21%	12.43%	0.00%	-3.69%	-5.20%	-10.27%	0.00%
Net Operating Profit after Tax (NOPAT)	-6.73	-8.95	-4.20	1.20	5.10	3.72	16	12	11	23
NOPAT Margin	-20.49%	-24.83%	-10.33%	2.48%	9.94%	6.36%	24.62%	16.06%	16.34%	30.33%
Net Nonoperating Expense Percent (NNEP)	5.33%	5.82%	4.49%	3.22%	1.63%	2.87%	7.05%	14.45%	-0.11%	-15.84%
Return On Investment Capital (ROIC_SIMPLE)	-	-7.62%	-	-	-	16.50%	-	-	-	-54.45%
Cost of Revenue to Revenue	53.19%	44.72%	39.91%	29.29%	27.81%	30.90%	28.07%	28.15%	25.72%	25.53%
SG&A Expenses to Revenue	68.97%	61.27%	58.71%	53.38%	46.78%	35.12%	33.70%	33.31%	34.13%	31.22%
R&D to Revenue	12.60%	19.85%	13.80%	13.27%	19.49%	15.80%	15.11%	16.32%	18.44%	14.51%
Operating Expenses to Revenue	76.09%	90.75%	74.86%	67.17%	62.24%	55.66%	46.70%	48.90%	56.07%	39.96%
Earnings before Interest and Taxes (EBIT)	-9.82	-14	-5.89	2.51	5.42	6.59	17	15	18	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-7.88	-11	-4.02	4.52	7.40	7.73	19	18	21	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	10.43	13.90	8.43	6.80	6.28	4.93	5.44	5.72	6.47	6.21
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	143.89	121.10	80.20	64.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.70%	0.83%	1.25%	1.56%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	12.92	15.86	9.26	8.21	7.54	4.76	5.68	5.59	6.32	5.63
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	60.65	33.07	26.92	25.89	19.61
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	109.81	40.82	31.70	29.94	21.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	156.01	49.34	35.48	36.35	24.48
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	132.63	27.80	32.17	33.96	40.67	37.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	49.65	0.00	0.00	4.11	23.68	5.34	6.30	51.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.55	-1.47	-1.07	-1.42	-1.46	-1.09	-1.56	-1.01	-1.09	-0.46
Long-Term Debt to Equity	-1.55	-1.47	-1.03	-1.35	-1.38	-1.01	-1.47	-1.01	-1.09	-0.46
Financial Leverage	-0.69	-0.67	-0.51	-0.79	-0.84	-0.33	-0.33	-0.39	-0.40	0.62
Leverage Ratio	-1.26	-1.34	-1.24	-1.18	-1.25	-1.55	-1.61	-1.56	-1.70	-2.67
Compound Leverage Factor	-1.85	-1.77	-2.07	2.48	-0.40	-0.70	-1.05	0.17	-1.21	-0.85
Debt to Total Capital	283.07%	313.29%	1,475.69%	340.44%	317.36%	1,192.57%	279.13%	11,497.27%	1,254.33%	-84.30%
Short-Term Debt to Total Capital	0.00%	0.00%	62.84%	15.38%	17.27%	88.77%	15.58%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	283.07%	313.29%	1,412.84%	325.05%	300.10%	1,103.81%	263.55%	11,497.27%	1,254.33%	-84.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-183.07%	-213.29%	-1,375.69%	-240.44%	-217.36%	-1,092.57%	-179.13%	-11,397.27%	-1,154.33%	184.30%
Debt to EBITDA	-5.49	-6.57	-6.82	-20.02	-117.07	17.20	9.29	4.42	3.50	0.44
Net Debt to EBITDA	-2.83	-3.48	-2.67	-12.06	-71.12	-2.15	1.40	-0.65	-0.62	-2.03
Long-Term Debt to EBITDA	-5.49	-6.57	-6.53	-19.12	-110.70	15.92	8.77	4.42	3.50	0.44
Debt to NOPAT	-6.97	-8.20	-8.01	-19.75	-43.87	44.23	13.87	5.82	4.91	0.55
Net Debt to NOPAT	-3.60	-4.35	-3.14	-11.90	-26.65	-5.52	2.09	-0.85	-0.87	-2.54
Long-Term Debt to NOPAT	-6.97	-8.20	-7.67	-18.86	-41.49	40.94	13.09	5.82	4.91	0.55
Altman Z-Score	-13.55	-12.86	-13.05	-12.27	-11.87	-7.55	-7.05	-7.55	-6.77	-7.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.66	3.49	2.73	2.37	2.34	3.59	3.84	4.07	4.54	3.28
Quick Ratio	3.16	2.79	2.27	1.78	1.69	2.98	3.21	3.39	3.74	2.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-49	54	-27	-14	228	44	233	233	-11
Operating Cash Flow to CapEx	-10,359.04%	-46.62%	13.91%	15.39%	76.09%	369.05%	278.36%	128.97%	658.50%	781.91%
Free Cash Flow to Firm to Interest Expense	-8.31	-9.26	10.36	-2.93	-2.73	42.60	4.78	11.67	27.89	-0.52
Operating Cash Flow to Interest Expense	-5.32	-0.45	0.22	0.28	1.64	4.05	0.72	0.19	1.12	1.08
Operating Cash Flow Less CapEx to Interest Expense	-5.37	-1.41	-1.37	-1.53	-0.52	2.95	0.46	0.04	0.95	0.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.32	0.42	0.53	0.57	0.52	0.58	0.66	0.68	0.66
Accounts Receivable Turnover	4.63	9.26	8.69	7.39	7.79	12.55	11.34	9.71	13.36	21.38
Inventory Turnover	4.10	3.98	4.18	2.79	2.68	2.50	2.69	2.85	2.79	2.71
Fixed Asset Turnover	2.12	2.44	2.67	2.94	2.90	3.08	3.24	3.21	3.22	3.37
Accounts Payable Turnover	5.44	6.39	5.55	5.13	4.57	6.08	6.19	5.34	6.47	9.36
Days Sales Outstanding (DSO)	78.86	39.40	41.98	49.42	46.84	29.08	32.20	37.57	27.32	17.07
Days Inventory Outstanding (DIO)	89.01	91.81	87.43	130.71	136.18	146.29	135.68	128.10	130.75	134.44
Days Payable Outstanding (DPO)	67.04	57.16	65.74	71.11	79.88	59.99	58.93	68.30	56.40	39.01
Cash Conversion Cycle (CCC)	100.83	74.05	63.66	109.02	103.14	115.39	108.95	97.37	101.68	112.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-48	-55	-148	-38	-28	-280	-176	-259	-250	-246
Invested Capital Turnover	-1.15	-1.32	-1.08	-3.01	-4.62	-1.19	-1.39	-1.67	-1.92	-1.09
Increase / (Decrease) in Invested Capital	37	40	-58	29	19	-224	-28	-221	-222	34
Enterprise Value (EV)	985	1,582	1,189	1,298	1,332	948	1,275	1,388	1,689	1,607
Market Capitalization	795	1,387	1,082	1,076	1,108	981	1,221	1,421	1,730	1,773
Book Value per Share	($0.92)	($0.95)	($0.97)	($0.99)	($0.94)	($0.91)	($0.85)	($0.83)	($0.76)	($0.29)
Tangible Book Value per Share	($0.94)	($0.97)	($0.98)	($1.00)	($0.95)	($0.92)	($0.86)	($0.84)	($0.79)	($0.31)
Total Capital	130	117	19	108	116	23	128	1.98	18	-43
Total Debt	368	368	274	369	368	269	358	228	228	36
Total Long-Term Debt	368	368	262	352	348	249	338	228	228	36
Net Debt	190	195	107	222	223	-34	54	-33	-40	-167
Capital Expenditures (CapEx)	0.27	5.10	8.31	17	11	5.87	2.41	2.97	1.42	2.90
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6.26	-3.25	-13	5.59	8.19	-5.83	2.48	-1.83	3.98	-11
Debt-free Net Working Capital (DFNWC)	159	168	153	150	149	289	303	246	256	186
Net Working Capital (NWC)	159	168	141	133	129	269	283	246	256	186
Net Nonoperating Expense (NNE)	7.71	8.99	5.60	6.47	3.38	2.32	5.69	14	-0.10	16
Net Nonoperating Obligations (NNO)	190	195	107	222	223	-34	54	-33	-40	-167
Total Depreciation and Amortization (D&A)	1.93	2.58	1.87	2.01	1.98	1.14	2.19	2.47	3.03	-2.09
Debt-free, Cash-free Net Working Capital to Revenue	-8.22%	-3.25%	-10.15%	3.53%	4.64%	-2.93%	1.10%	-0.74%	1.49%	-3.78%
Debt-free Net Working Capital to Revenue	208.31%	167.99%	119.24%	94.82%	84.51%	145.39%	135.00%	99.02%	95.64%	65.31%
Net Working Capital to Revenue	208.31%	167.99%	110.16%	84.28%	73.18%	135.34%	126.09%	99.02%	95.64%	65.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	($0.07)	($0.04)	($0.02)	$0.01	$0.01	$0.04	($0.01)	$0.04	$0.03
Adjusted Weighted Average Basic Shares Outstanding	259.30M	257.09M	263.97M	265.63M	268.73M	267.01M	270.36M	273.06M	275.00M	274.42M
Adjusted Diluted Earnings per Share	($0.06)	($0.07)	($0.04)	($0.02)	$0.01	$0.01	$0.04	($0.01)	$0.04	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	259.30M	257.09M	263.97M	265.63M	323.77M	267.01M	324.73M	273.06M	284.69M	283.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	263.20M	263.92M	264.31M	268.36M	269.57M	270.42M	272.32M	275.00M	275.78M	303.59M
Normalized Net Operating Profit after Tax (NOPAT)	-6.73	-8.95	-4.20	1.20	3.57	5.50	16	12	11	23
Normalized NOPAT Margin	-20.49%	-24.83%	-10.33%	2.48%	6.96%	9.41%	24.62%	16.06%	16.34%	30.33%
Pre Tax Income Margin	-43.97%	-49.77%	-24.11%	-10.83%	3.36%	5.07%	16.44%	-2.34%	18.37%	11.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.86	-2.58	-1.13	0.27	1.03	1.23	1.81	0.76	2.16	1.27
NOPAT to Interest Expense	-1.27	-1.69	-0.81	0.13	0.97	0.69	1.76	0.58	1.37	1.12
EBIT Less CapEx to Interest Expense	-1.91	-3.54	-2.73	-1.54	-1.13	0.13	1.55	0.61	1.99	1.13
NOPAT Less CapEx to Interest Expense	-1.33	-2.66	-2.40	-1.68	-1.19	-0.40	1.50	0.43	1.20	0.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-4.00%	-0.07%	0.00%	-17.60%	-30.52%	-86.03%	0.00%	-32.02%	-18.65%	22.06%

Frequently Asked Questions About MannKind's Financials

When does MannKind's financial year end?

According to the most recent income statement we have on file, MannKind's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MannKind's net income changed over the last 10 years?

MannKind's net income appears to be on a downward trend, with a most recent value of $27.59 million in 2024, falling from -$198.38 million in 2014. The previous period was -$11.94 million in 2023.

What is MannKind's operating income?

MannKind's total operating income in 2024 was $72.59 million, based on the following breakdown:

Total Gross Profit: $208.90 million
Total Operating Expenses: $136.32 million

How has MannKind revenue changed over the last 10 years?

Over the last 10 years, MannKind's total revenue changed from $0.00 in 2014 to $285.50 million in 2024, a change of 28,550,400,000.0%.

How much debt does MannKind have?

MannKind's total liabilities were at $472.66 million at the end of 2024, a 34.5% decrease from 2023, and a 1.0% increase since 2014.

How much cash does MannKind have?

In the past 10 years, MannKind's cash and equivalents has ranged from $22.90 million in 2016 to $238.48 million in 2023, and is currently $46.34 million as of their latest financial filing in 2024.

How has MannKind's book value per share changed over the last 10 years?

Over the last 10 years, MannKind's book value per share changed from -0.18 in 2014 to -0.29 in 2024, a change of 57.2%.

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This page (NASDAQ:MNKD) was last updated on 4/26/2025 by MarketBeat.com Staff

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MannKind (MNKD) Financials

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MannKind (MNKD) Financials

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