Replies to post #384252 on Amarin Corp Plc (AMRN)

[HDGabor]

g-

HDG, do you have an estimate of Amarin's annual cash outlay required to meet the minimum purchase agreement for IPE from suppliers

Purchase obligation / commitment has two parts:
a.) Certain of the agreements with the suppliers include minimum purchase obligations. These purchases are generally made on the basis of rolling 12-month forecasts which in part are binding on Amarin and the balance of which are subject to adjustment by Amarin subject to certain limitations.
b.) Certain of the agreements also include contractual minimum purchase commitments regardless of the rolling 12-month forecasts.

The commitment $49M is all-time low as of March 31, 2022 (it is potentially payable over the term of such agreements) and I assume this is “100”% the contractual minimum purchase commitments (regardless of the rolling 12-month forecasts) or contains minimal rolling 12-month forecasts.
Furthermore it is down by $147M from $196 as of December 31, 2021, meanwhile the Q1 purchase was $75.M. (At least $72.M coming from the decrease of the rolling 12-month forecasts.)

Best,
G