2024 Q4 Form 10-Q Financial Statement

#000088559024000036 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $2.510B
YoY Change 12.15%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $850.0M
YoY Change 18.88%
% of Gross Profit
Research & Development $146.0M
YoY Change -4.58%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $996.0M
YoY Change 14.75%
Operating Profit $318.0M
YoY Change 2171.43%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$225.0M
YoY Change 275.0%
Pretax Income -$21.00M
YoY Change -93.56%
Income Tax $71.00M
% Of Pretax Income
Net Earnings -$85.00M
YoY Change -77.51%
Net Earnings / Revenue -3.39%
Basic Earnings Per Share -$0.23
Diluted Earnings Per Share -$0.23
COMMON SHARES
Basic Shares Outstanding 367.8M shares 367.1M shares
Diluted Shares Outstanding 368.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $719.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.655B
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $5.351B
YoY Change 6.0%
LONG-TERM ASSETS
Property, Plant & Equipment $1.789B
YoY Change 12.94%
Goodwill $11.17B
YoY Change -0.14%
Intangibles $5.652B
YoY Change -15.99%
Long-Term Investments
YoY Change
Other Assets $389.0M
YoY Change 18.6%
Total Long-Term Assets $21.19B
YoY Change -3.76%
TOTAL ASSETS
Total Short-Term Assets $5.351B
Total Long-Term Assets $21.19B
Total Assets $26.54B
YoY Change -1.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $667.0M
YoY Change 17.22%
Accrued Expenses $3.386B
YoY Change 8.56%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $453.0M
YoY Change -15.49%
Total Short-Term Liabilities $4.506B
YoY Change 6.68%
LONG-TERM LIABILITIES
Long-Term Debt $21.05B
YoY Change -3.84%
Other Long-Term Liabilities $805.0M
YoY Change 11.65%
Total Long-Term Liabilities $21.86B
YoY Change -3.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.506B
Total Long-Term Liabilities $21.86B
Total Liabilities $26.78B
YoY Change -1.89%
SHAREHOLDERS EQUITY
Retained Earnings -$9.917B
YoY Change 1.83%
Common Stock $10.69B
YoY Change 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.174B
YoY Change
Total Liabilities & Shareholders Equity $26.54B
YoY Change -1.94%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$85.00M
YoY Change -77.51%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.5pt">DESCRIPTION OF BUSINESS </span><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Bausch Health Companies Inc. (the “Company” or “Bausch Health”) is a global, diversified specialty pharmaceutical and medical device company that develops, manufactures and markets, primarily in the therapeutic areas of gastroenterology (“GI”), hepatology, neurology and dermatology, a broad range of branded, generic and branded generic pharmaceuticals, over-the-counter (“OTC”) products and aesthetic medical devices, and, through its approximately 88% ownership of Bausch + Lomb Corporation (“Bausch + Lomb” or “B+L”), branded, and branded generic pharmaceuticals, OTC products and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment) in the therapeutic areas of eye health. The Company’s products are marketed directly or indirectly in approximately 90 countries.</span></div>
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<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing the unaudited Condensed Consolidated Financial Statements, management is required to make estimates and assumptions. The estimates and assumptions used by the Company affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited Condensed Consolidated Financial Statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates and the differences could be material. </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On an ongoing basis, management reviews its estimates to ensure that these estimates appropriately reflect changes in the Company’s business and new information as it becomes available. If historical experience and other factors used by </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">management to make these estimates do not reasonably reflect future activity, the Company’s results of operations and financial position could be materially impacted.</span></div>
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Files In Submission

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