CIK 3116

AKORN INC

CIK 0000003116 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

47.5

composite · 4 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-07 · FY 2019-12-31 · TRIGGERED62.1

Pension underfunding

DB plan 71% funded — -$10M deficit (4% of equity)

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-26) ↗

Evidence — inputs and thresholds

{
  "benefit_obligation": 36406000,
  "plan_assets": 25911000,
  "funded_ratio": 0.7117,
  "deficit": -10495000,
  "deficit_vs_equity": 0.0448,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/3116/000162828020002314/0001628280-20-002314-index.htm",
    "form": "10-K",
    "filed": "2020-02-26"
  }
}

P-01 · FY 2019-12-31 · CLEAN4.6

Earnings quality

Beneish M-Score -3.34 — no manipulation profile

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-26) ↗

Evidence — inputs and thresholds

{
  "m_score": -3.34,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.891,
    "GMI": 0.957,
    "AQI": 1.032,
    "SGI": 0.983,
    "DEPI": 1.032,
    "SGAI": 0.996,
    "LVGI": 1.154,
    "TATA": -0.147
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.1364,
  "inputs": {
    "revenue_t": 682429000,
    "revenue_t1": 694018000,
    "total_assets_t": 1288639000,
    "net_income_t": -226770000,
    "cfo_t": -36919000
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/3116/000162828020002314/0001628280-20-002314-index.htm",
    "form": "10-K",
    "filed": "2020-02-26"
  }
}

P-05 · FY 2016-12-31 · CLEAN0.0

Tax arbitrage

[FY2016 data, stale — no more recent pretax-income figure in XBRL] ETR 32.1% — within normal range of statutory

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2019-03-01) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2016-12-31": 0.3209,
    "2015-12-31": 0.3504
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-12-31": -0.1109,
    "2015-12-31": -0.1404
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/3116/000162828019002359/0001628280-19-002359-index.htm",
    "form": "10-K",
    "filed": "2019-03-01"
  }
}

P-12 · FY 2019-12-31 · CLEAN9.8

Restatement predictor

F-Score 0.29 — at or below the population base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2020-02-26) ↗

Evidence — inputs and thresholds

{
  "f_score": 0.295,
  "probability": 0.00109,
  "components": {
    "rsst": -0.1364,
    "drec": -0.0136,
    "dinv": -0.0026,
    "soft": 0.6583,
    "dcs": 0.0106,
    "droa": 0.0928,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2019-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/3116/000162828020002314/0001628280-20-002314-index.htm",
    "form": "10-K",
    "filed": "2020-02-26"
  }
}