Concordia International Corp. | CIK:0001642271 | 3

  • Filed: 3/8/2018
  • Entity registrant name: Concordia International Corp. (CIK: 0001642271)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1642271/000164227118000008/0001642271-18-000008-index.htm
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    • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

    The following tables set forth operating income (loss), goodwill, total assets and total liabilities by reportable operating segment for the years ended December 31, 2017, 2016 and 2015.
     
    Concordia North America

    Concordia International

    Corporate

    Year ended Dec 31, 2017

     
     
     
     
     
    Revenue
    160,769

    465,400

    —

    626,169

    Cost of sales
    33,046

    157,586

    —

    190,632

    Gross profit
    127,723

    307,814

    —

    435,537

     
     
     
     
     
    Operating expenses
     
     
     
     
    General and administrative
    6,874

    23,150

    20,666

    50,690

    Selling and marketing
    12,366

    25,900

    —

    38,266

    Research and development
    9,140

    22,342

    —

    31,482

    Acquisition related, restructuring and other
    (2,328
    )
    13,945

    35,161

    46,778

    Share based compensation
    2

    —

    8,709

    8,711

    Amortization of intangible assets
    98,354

    128,024

    47

    226,425

    Impairments
    151,199

    1,043,566

    —

    1,194,765

    Depreciation expense
    92

    1,619

    251

    1,962

    Fair value (gain) loss
    547

    263

    596

    1,406

    Total operating expenses
    276,246

    1,258,809

    65,430

    1,600,485

     




    Operating income (loss) from continuing operations
    (148,523
    )
    (950,995
    )
    (65,430
    )
    (1,164,948
    )



     
    Concordia North America

    Concordia International

    Corporate

    Year ended Dec 31, 2016

     
     
     
     
     
    Revenue
    258,645

    557,514

    —

    816,159

    Cost of sales
    39,963

    181,239

    —

    221,202

    Gross profit
    218,682

    376,275

    —

    594,957

     
     
     
     
     
    Operating expenses
     
     
     
     
    General and administrative
    10,279

    26,356

    19,820

    56,455

    Selling and marketing
    24,007

    27,126

    —

    51,133

    Research and development
    16,035

    24,602

    —

    40,637

    Acquisition related, restructuring and other
    5,837

    13,608

    16,523

    35,968

    Share based compensation
    (38
    )
    —

    30,791

    30,753

    Amortization of intangible assets
    52,496

    130,306

    17

    182,819

    Impairments
    877,076

    255,167

    —

    1,132,243

    Depreciation expense
    66

    1,671

    202

    1,939

    Fair value (gain) loss
    (21,289
    )
    866

    11,494

    (8,929
    )
    Litigation settlements
    14,246

    —

    —

    14,246

    Total operating expenses
    978,715

    479,702

    78,847

    1,537,264

     
     
     
     
     
    Operating income (loss) from continuing operations
    (760,033
    )
    (103,427
    )
    (78,847
    )
    (942,307
    )

     
    Concordia North America

    Concordia International

    Corporate

    Year ended Dec 31, 2015

     
     
     
     
     
    Revenue
    278,503

    115,721

    —

    394,224

    Cost of sales
    36,345

    57,949

    —

    94,294

    Gross profit
    242,158

    57,772

    —

    299,930

     
     
     
     
     
    Operating expenses
     
     
     
     
    General and administrative
    10,408

    5,812

    13,477

    29,697

    Selling and marketing
    16,786

    6,700

    —

    23,486

    Research and development
    10,760

    4,232

    —

    14,992

    Acquisition related, restructuring and other
    7,089

    4,167

    45,951

    57,207

    Share based compensation
    433

    —

    15,765

    16,198

    Initial exchange listing expenses
    —

    —

    1,051

    1,051

    Amortization of intangible assets
    49,853

    25,957

    —

    75,810

    Depreciation expense
    64

    334

    79

    477

    Fair value (gain) loss
    7,390

    —

    (6,829
    )
    561

    Total operating expenses
    102,783

    47,202

    69,494

    219,479

     
     
     
     
     
    Operating income (loss) from continuing operations
    139,375

    10,570

    (69,494
    )
    80,451


    Income (loss) from continuing operations before tax includes the total operating income (loss) from continuing operations above plus other income and expense which do not form part of any reportable operating segment.

     
    Concordia North America

    Concordia International

    Corporate

    Total

    As at
     
     
     
    Dec 31, 2017

    Goodwill, continuing operations
    27,966

    216,991

    —

    244,957

     
     
     
     
     
    Total assets, continuing operations
    543,530

    1,670,351

    108,454

    2,322,335

     
     
     
     

    Total liabilities, continuing operations
    48,895

    373,166

    3,810,787

    4,232,848

     
     
     
     
     
    As at
     
     
     
    Dec 31, 2016

    Goodwill, continuing operations
    27,966

    679,964

    —

    707,930






    Total assets, continuing operations
    827,758

    2,585,654

    318,162

    3,731,574






    Total liabilities, continuing operations
    57,015

    454,394

    3,597,738

    4,109,147