$AVTR
Avantor, Inc.

2024 Q3 Form 10-Q Financial Statement

#000172248224000145 Filed on July 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.714B $1.703B
YoY Change -0.34% -2.36%
Cost Of Revenue $1.150B $1.121B
YoY Change 0.74% -2.83%
Gross Profit $564.4M $581.5M
YoY Change -2.45% -1.44%
Gross Profit Margin 32.92% 34.15%
Selling, General & Admin $439.8M $405.7M
YoY Change 19.38% 13.48%
% of Gross Profit 77.92% 69.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $102.4M $102.6M
YoY Change 4.49% 0.0%
% of Gross Profit 18.14% 17.64%
Operating Expenses $439.8M $405.7M
YoY Change 19.38% 13.48%
Operating Profit $124.6M $175.8M
YoY Change -40.72% -24.39%
Interest Expense $48.70M $60.90M
YoY Change -32.73% -184.82%
% of Operating Profit 39.09% 34.64%
Other Income/Expense, Net $700.0K $1.600M
YoY Change 0.0% 300.0%
Pretax Income $74.50M $114.6M
YoY Change -45.42% -8915.38%
Income Tax $16.70M $21.70M
% Of Pretax Income 22.42% 18.94%
Net Earnings $57.80M $92.90M
YoY Change -46.68% -1372.6%
Net Earnings / Revenue 3.37% 5.46%
Basic Earnings Per Share $0.08 $0.14
Diluted Earnings Per Share $0.08 $0.14
COMMON SHARES
Basic Shares Outstanding 679.8M shares 679.3M shares
Diluted Shares Outstanding 683.0M shares 682.6M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $285.3M $272.6M
YoY Change 20.38% 15.31%
Cash & Equivalents $285.3M $272.6M
Short-Term Investments
Other Short-Term Assets $135.6M $132.0M
YoY Change -7.94% -15.55%
Inventory $779.6M $795.6M
Prepaid Expenses
Receivables $1.088B $1.129B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.505B $2.329B
YoY Change 5.03% -6.8%
LONG-TERM ASSETS
Property, Plant & Equipment $722.8M $753.8M
YoY Change 3.51% 7.96%
Goodwill $5.671B $5.660B
YoY Change 0.58% -0.6%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $419.8M $368.1M
YoY Change 45.16% 33.03%
Total Long-Term Assets $10.34B $10.36B
YoY Change -0.74% -1.89%
TOTAL ASSETS
Total Short-Term Assets $2.505B $2.329B
Total Long-Term Assets $10.34B $10.36B
Total Assets $12.84B $12.69B
YoY Change 0.33% -2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $673.5M $657.4M
YoY Change 2.7% -4.25%
Accrued Expenses $223.2M $196.0M
YoY Change 39.5% 12.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $229.7M $258.4M
YoY Change -31.56% -17.71%
Total Short-Term Liabilities $1.630B $1.465B
YoY Change 9.52% -5.52%
LONG-TERM LIABILITIES
Long-Term Debt $4.691B $4.857B
YoY Change -11.32% -12.81%
Other Long-Term Liabilities $418.9M $361.9M
YoY Change 54.4% 34.64%
Total Long-Term Liabilities $5.110B $5.219B
YoY Change -8.12% -10.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.630B $1.465B
Total Long-Term Liabilities $5.110B $5.219B
Total Liabilities $7.287B $7.259B
YoY Change -5.34% -9.85%
SHAREHOLDERS EQUITY
Retained Earnings $1.703B $1.645B
YoY Change 22.23% 28.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.553B $5.435B
YoY Change
Total Liabilities & Shareholders Equity $12.84B $12.69B
YoY Change 0.33% -2.83%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $57.80M $92.90M
YoY Change -46.68% -1372.6%
Depreciation, Depletion And Amortization $102.4M $102.6M
YoY Change 4.49% 0.0%
Cash From Operating Activities $244.8M $281.1M
YoY Change 6.11% 67.12%
INVESTING ACTIVITIES
Capital Expenditures $40.80M $45.80M
YoY Change 8.22% 52.16%
Acquisitions
YoY Change
Other Investing Activities $300.0K $900.0K
YoY Change -57.14% 28.57%
Cash From Investing Activities -$40.50M -$44.90M
YoY Change 9.46% 52.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -198.6M -197.1M
YoY Change 5.41% 0.46%
NET CHANGE
Cash From Operating Activities 244.8M 281.1M
Cash From Investing Activities -40.50M -44.90M
Cash From Financing Activities -198.6M -197.1M
Net Change In Cash 5.700M 39.10M
YoY Change 7.55% -168.12%
FREE CASH FLOW
Cash From Operating Activities $244.8M $281.1M
Capital Expenditures $40.80M $45.80M
Free Cash Flow $204.0M $235.3M
YoY Change 5.7% 70.38%

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us-gaap Net Income Loss
NetIncomeLoss
153300000 usd
us-gaap Net Income Loss
NetIncomeLoss
114200000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
202200000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
203700000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
160800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
23800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
21900000 usd
avtr Provision For Accounts Receivable And Inventory
ProvisionForAccountsReceivableAndInventory
43100000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5800000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3100000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
100000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14200000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1700000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
45900000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-74400000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-300000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-600000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-6400000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
34300000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5500000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
422700000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
387700000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
80500000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58100000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1400000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1400000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-79100000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
12300000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
383000000.0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
460300000 usd
us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
0 usd
us-gaap Payments Of Debt Restructuring Costs
PaymentsOfDebtRestructuringCosts
2300000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
50800000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4700000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7400000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13300000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-327300000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4100000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9000000.0 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-136100000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
396900000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
296700000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
260800000 usd
us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported throughout the financial statements. Actual results could differ from those estimates.</span></div>
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92900000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
679400000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
153300000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
678700000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2024Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3200000 shares
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3200000 shares
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
92900000 usd
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
682600000 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
153300000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
681900000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7300000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
675300000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
114200000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
675000000.0 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q2 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
0 usd
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2900000 shares
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-7300000 usd
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
675300000 shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
114200000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
677900000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Number Of Operating Segments
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2 segment
CY2024Q2 us-gaap Revenues
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1702800000 usd
CY2023Q2 us-gaap Revenues
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1743900000 usd
CY2024Q2 avtr Adjusted Ebitda
AdjustedEBITDA
277200000 usd
CY2023Q2 avtr Adjusted Ebitda
AdjustedEBITDA
318900000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
92900000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Interest Expense
InterestExpense
60900000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
73400000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21700000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000.0 usd
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2024Q2 us-gaap Other Operating Income Expense Net
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1600000 usd
CY2023Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2000000.0 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
175800000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
71700000 usd
CY2024Q2 us-gaap Adjustment For Amortization
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74900000 usd
CY2023Q2 us-gaap Adjustment For Amortization
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78900000 usd
CY2024Q2 avtr Business Combination Integration Related Costs Benefit
BusinessCombinationIntegrationRelatedCostsBenefit
0 usd
CY2023Q2 avtr Business Combination Integration Related Costs Benefit
BusinessCombinationIntegrationRelatedCostsBenefit
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CY2024Q2 us-gaap Asset Impairment Charges
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0 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
160800000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
160800000 usd
CY2024Q2 avtr Adjusted Ebitda
AdjustedEBITDA
277200000 usd
CY2023Q2 avtr Adjusted Ebitda
AdjustedEBITDA
318900000 usd
avtr Adjusted Ebitda
AdjustedEBITDA
535600000 usd
avtr Adjusted Ebitda
AdjustedEBITDA
642000000.0 usd
CY2024Q2 us-gaap Revenues
Revenues
1702800000 usd
CY2023Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
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3524200000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
272600000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262900000 usd
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
24100000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
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24800000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
296700000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287700000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
86500000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
126700000 usd
us-gaap Interest Paid Net
InterestPaidNet
116100000 usd
us-gaap Interest Paid Net
InterestPaidNet
138200000 usd
us-gaap Finance Lease Interest Payment On Liability
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us-gaap Finance Lease Interest Payment On Liability
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2500000 usd
us-gaap Operating Lease Payments
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22000000.0 usd
us-gaap Operating Lease Payments
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21100000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2800000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2500000 usd
CY2024Q2 us-gaap Retail Related Inventory Merchandise
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443500000 usd
CY2023Q4 us-gaap Retail Related Inventory Merchandise
RetailRelatedInventoryMerchandise
503500000 usd
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
119600000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
91000000.0 usd
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
162300000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
167200000 usd
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
70200000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
66400000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
795600000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
828100000 usd
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
5755500000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
38800000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
5716700000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5809100000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2318600000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3490500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5878400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2195400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3683000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
92300000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
92300000 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3582800000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3775300000 usd
CY2024Q2 avtr Finite Lived Intangible Assets Impaired Accumulated Impairment Loss
FiniteLivedIntangibleAssetsImpairedAccumulatedImpairmentLoss
106400000 usd
CY2023Q4 avtr Finite Lived Intangible Assets Impaired Accumulated Impairment Loss
FiniteLivedIntangibleAssetsImpairedAccumulatedImpairmentLoss
106400000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5148300000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5580000000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
33300000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
43400000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
5115000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
5536600000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
258400000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
259900000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4856600000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5276700000 usd
CY2024Q2 us-gaap Interest Income Operating
InterestIncomeOperating
17900000 usd
CY2023Q2 us-gaap Interest Income Operating
InterestIncomeOperating
15500000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
35800000 usd
us-gaap Interest Income Operating
InterestIncomeOperating
30000000.0 usd
CY2024Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
1308500000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14500000 usd
CY2024Q2 us-gaap Line Of Credit
LineOfCredit
233300000 usd
CY2024Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1060700000 usd
CY2022Q4 avtr Line Of Credit Facility Current Borrowing Capacity Upsize
LineOfCreditFacilityCurrentBorrowingCapacityUpsize
400000000.0 usd
CY2024Q2 avtr Line Of Credit Facility Covenant Compliance Draw Trigger Percentage
LineOfCreditFacilityCovenantComplianceDrawTriggerPercentage
0.35
CY2024Q2 avtr Line Of Credit Facility Covenant Compliance Draw Trigger Percentage
LineOfCreditFacilityCovenantComplianceDrawTriggerPercentage
0.35
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2024Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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8400000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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1000000.0 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2023Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
24700000 usd
CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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7600000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-700000 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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16900000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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8100000 usd
CY2024Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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14100000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2024Q2 us-gaap Allocated Share Based Compensation Expense
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CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23800000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21900000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
103800000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y9M18D
CY2024Q2 avtr Restricted Stock Or Unit Expense Reversal Of Expense
RestrictedStockORUnitExpenseReversalOfExpense
2700000 usd
CY2023Q2 us-gaap Restricted Stock Expense
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500000 usd
avtr Restricted Stock Or Unit Expense Reversal Of Expense
RestrictedStockORUnitExpenseReversalOfExpense
4800000 usd
avtr Restricted Stock Or Unit Expense Reversal Of Expense
RestrictedStockORUnitExpenseReversalOfExpense
1800000 usd
CY2024Q2 avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
1000000.0 usd
CY2023Q2 avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
1600000 usd
avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
1800000 usd
avtr Foreign Currency Transaction Gain Loss From Financing Activities
ForeignCurrencyTransactionGainLossFromFinancingActivities
1800000 usd
CY2024Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2023Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-300000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-900000 usd
us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-700000 usd
CY2024Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 usd
CY2023Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
100000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
100000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1600000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000.0 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2600000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
114600000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1300000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
195200000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
154500000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21700000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000.0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41900000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40300000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-4.615
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
14800000 usd
CY2023Q2 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
25900000 usd
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
160800000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5148300000 usd
CY2024Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4981100000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5580000000 usd
CY2023Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
5429900000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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