$OGN
Organon & Co.

2024 Q3 Form 10-Q Financial Statement

#000182182524000083 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.582B $1.607B
YoY Change 4.15% -0.06%
Cost Of Revenue $659.0M $668.0M
YoY Change 7.68% 4.38%
Gross Profit $923.0M $939.0M
YoY Change 1.76% -3.0%
Gross Profit Margin 58.34% 58.43%
Selling, General & Admin $422.0M $437.0M
YoY Change -21.56% -3.1%
% of Gross Profit 45.72% 46.54%
Research & Development $111.0M $116.0M
YoY Change -18.98% -9.38%
% of Gross Profit 12.03% 12.35%
Depreciation & Amortization $69.00M $66.00M
YoY Change 13.11% 13.79%
% of Gross Profit 7.48% 7.03%
Operating Expenses $533.0M $553.0M
YoY Change -21.04% -4.49%
Operating Profit $390.0M $386.0M
YoY Change 68.1% -0.77%
Interest Expense $126.0M $131.0M
YoY Change -5.97% -0.76%
% of Operating Profit 32.31% 33.94%
Other Income/Expense, Net
YoY Change
Pretax Income $207.0M $235.0M
YoY Change 158.75% -7.48%
Income Tax -$152.0M $40.00M
% Of Pretax Income -73.43% 17.02%
Net Earnings $359.0M $195.0M
YoY Change 518.97% -19.42%
Net Earnings / Revenue 22.69% 12.13%
Basic Earnings Per Share $1.39 $0.76
Diluted Earnings Per Share $1.38 $0.75
COMMON SHARES
Basic Shares Outstanding 257.5M shares 257.2M shares
Diluted Shares Outstanding 259.8M shares 258.6M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $763.0M $704.0M
YoY Change 84.3% 115.95%
Cash & Equivalents $763.0M $704.0M
Short-Term Investments
Other Short-Term Assets $925.0M $901.0M
YoY Change 15.34% 18.4%
Inventory $1.383B $1.287B
Prepaid Expenses
Receivables $1.685B $1.617B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.756B $4.509B
YoY Change 17.43% 13.92%
LONG-TERM ASSETS
Property, Plant & Equipment $1.204B $1.162B
YoY Change 9.85% 4.68%
Goodwill $4.603B $4.603B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.426B $1.196B
YoY Change 103.13% 67.04%
Total Long-Term Assets $7.996B $7.645B
YoY Change 14.85% 8.89%
TOTAL ASSETS
Total Short-Term Assets $4.756B $4.509B
Total Long-Term Assets $7.996B $7.645B
Total Assets $12.75B $12.15B
YoY Change 15.8% 10.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.092B $1.243B
YoY Change 2.34% 11.48%
Accrued Expenses $1.458B $1.302B
YoY Change 16.18% 18.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $9.000M
YoY Change 25.0% 12.5%
Total Short-Term Liabilities $2.790B $2.755B
YoY Change 12.0% 15.42%
LONG-TERM LIABILITIES
Long-Term Debt $8.739B $8.647B
YoY Change 1.08% -0.86%
Other Long-Term Liabilities $674.0M $548.0M
YoY Change 60.1% 39.44%
Total Long-Term Liabilities $9.413B $9.195B
YoY Change 3.82% 0.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.790B $2.755B
Total Long-Term Liabilities $9.413B $9.195B
Total Liabilities $12.26B $12.01B
YoY Change 5.67% 4.13%
SHAREHOLDERS EQUITY
Retained Earnings $975.0M $690.0M
YoY Change -6193.75% -2860.0%
Common Stock $89.00M $66.00M
YoY Change 2866.67% 2100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $493.0M $144.0M
YoY Change
Total Liabilities & Shareholders Equity $12.75B $12.15B
YoY Change 15.8% 10.7%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $359.0M $195.0M
YoY Change 518.97% -19.42%
Depreciation, Depletion And Amortization $69.00M $66.00M
YoY Change 13.11% 13.79%
Cash From Operating Activities $141.0M $332.0M
YoY Change -45.98% 1129.63%
INVESTING ACTIVITIES
Capital Expenditures $76.00M $47.00M
YoY Change 38.18% -33.8%
Acquisitions
YoY Change
Other Investing Activities $1.000M $1.000M
YoY Change 0.0%
Cash From Investing Activities -$75.00M -$46.00M
YoY Change 36.36% -34.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.00M -134.0M
YoY Change 0.0% 52.27%
NET CHANGE
Cash From Operating Activities 141.0M 332.0M
Cash From Investing Activities -75.00M -46.00M
Cash From Financing Activities -78.00M -134.0M
Net Change In Cash -12.00M 152.0M
YoY Change -109.38% -216.03%
FREE CASH FLOW
Cash From Operating Activities $141.0M $332.0M
Capital Expenditures $76.00M $47.00M
Free Cash Flow $65.00M $285.0M
YoY Change -68.45% -747.73%

Facts In Submission

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CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
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Files In Submission

Name View Source Status
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0001821825-24-000083-index.html Edgar Link pending
0001821825-24-000083.txt Edgar Link pending
0001821825-24-000083-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
logo.jpg Edgar Link pending
logoa.jpg Edgar Link pending
logob.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
ogn-06302024xexhibit102.htm Edgar Link pending
ogn-06302024xexhibit103.htm Edgar Link pending
ogn-06302024xexhibit104.htm Edgar Link pending
ogn-06302024xexhibit105.htm Edgar Link pending
ogn-20240630.htm Edgar Link pending
ogn-20240630.xsd Edgar Link pending
ogn06302024-exhibit311.htm Edgar Link pending
ogn06302024-exhibit312.htm Edgar Link pending
ogn06302024-exhibit321.htm Edgar Link pending
ogn06302024-exhibit322.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
ogn-20240630_lab.xml Edgar Link unprocessable
ogn-20240630_pre.xml Edgar Link unprocessable
ogn-20240630_htm.xml Edgar Link completed
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report.css Edgar Link pending
Show.js Edgar Link pending
ogn-20240630_cal.xml Edgar Link unprocessable
ogn-20240630_def.xml Edgar Link unprocessable