8-K/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K/A

(AMENDMENT NO. 1)

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

 

Date of Report (Date of earliest event reported): August 8, 2016

 

 

ALERE INC.

 

(Exact name of registrant as specified in charter)

 

 

 

Delaware

 

1-16789

 

04-3565120

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

51 Sawyer Road, Suite 200, Waltham, Massachusetts 02453

(Address of Principal Executive Offices) (Zip Code)

(781) 647-3900

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Explanatory Note: This Form 8-K/A Amendment No. 1 is filed solely to include an additional GAAP/non-GAAP reconciliation that was inadvertently omitted from the earnings release attached to the original Form 8-K filed on August 8, 2016.

Item 2.02 Results of Operations and Financial Condition.

Attached as Exhibit 99.1 to the original Form 8-K filed on August 8, 2016 was a copy of a press release of Alere Inc. dated August 8, 2016, announcing the Company’s financial results for both the fiscal quarter and fiscal year ended December 31, 2015, which was furnished to the Securities and Exchange Commission. Set forth below are reconciliations of GAAP net income to non-GAAP Adjusted EBITDA for the three months and fiscal year ended December 31, 2014. The information in this Amendment to our Form 8-K is being furnished under Item 2.02 of Form 8-K.

Alere Inc. and Subsidiaries

Reconciliation of Net Income (Loss) to Non-GAAP Adjusted EBITDA

(in thousands)

 

     Three
Months
Ended
December 31,
2014(2)
     Year Ended
December 31,
2014(2)
 

Net income (loss) (1)

   $ 111,434       $ (33,436

Less: Income from discontinued operations, net of tax

     142,400         138,318   
  

 

 

    

 

 

 

Loss from continuing operations

     (30,966      (171,754

Adjustment related to acquired software license contracts

     285         1,401   

Income tax benefit

     13,224         70,930   

Depreciation and amortization

     85,215         336,556   

Interest, net

     51,966         206,800   

Non-cash stock-based compensation expense

     4,701         12,452   

Non-cash fair value adjustments to acquisition-related contingent consideration

     (4,765      12,277   

Impairment and (gain) loss on dispositions, net

     7,104         7,742   

Loss on sale of equity investment

     —           457   
  

 

 

    

 

 

 

Non-GAAP Adjusted EBITDA

   $ 126,764       $ 476,861   
  

 

 

    

 

 

 

 

(1) Net loss for the three months and year ended December 31, 2014 includes non-interest related restructuring charges of $21.6 million and $58.7 million, respectively; acquisition costs of $0.2 million and $0.9 million respectively; and costs associated with potential business dispositions of $5.8 million and $26.6 million, respectively, which have not been added back for purposes of computing Non-GAAP Adjusted EBITDA.
(2)  Reflects impact of revisions to our financial statements for the three months and fiscal year ended December 31, 2014. For more information on these revisions, see our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    ALERE INC.
Date: August 17, 2016     By:   /s/ James Hinrichs
      James Hinrichs
      Executive Vice President and Chief Financial Officer