Amarin Corp Plc (AMRN)

[HDGabor]

d-

Cash on hand went from $489M to $389M last quarter. Maybe this has been discussed already for which I apologize, but how did this happen? We lost $32M and increased inventory $33M - where did the rest go?

$33M is the increase of the balance of short-term inventory (STI) but ...

STI
12/31: 235
sold: -22 (COGS)
reclassification: -20 (to Long-term inventory)
"Balance": 190
Purchase: +75
03/31: 268

LTI:
12/31: 121
reclassification: +20 (from STI)
03/31: 141

Total inventory:
12/31:356
sold: -22 (COGS)
Purchase: +75
03/31: 409

They spent $75M on inventory, it was 75% of the net cash-flow. Cash-flow (exc. inventory) was $-25M.

As the rest of the year: the "Pursuant to the supply agreements, there is a total of approximately $ X million that is potentially payable over the term of such agreements based on minimum purchase obligations." was decrease from $196.1M (12/31) to $49.3.1M (03/31).

Best,
G