$VTRS
Viatris Inc

2023 Q4 Form 10-Q Financial Statement

#000179204423000033 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $3.837B $3.942B $4.078B
YoY Change -1.0% -3.34% -10.1%
Cost Of Revenue $2.187B $2.251B $2.330B
YoY Change -4.34% -3.4% -21.36%
Gross Profit $1.651B $1.691B $1.748B
YoY Change 3.81% -3.27% 11.07%
Gross Profit Margin 43.02% 42.91% 42.87%
Selling, General & Admin $1.562B $1.054B $1.017B
YoY Change 47.88% 3.56% -3.57%
% of Gross Profit 94.64% 62.29% 58.18%
Research & Development $202.4M $211.2M $174.9M
YoY Change 11.89% 20.75% 14.99%
% of Gross Profit 12.26% 12.49% 10.0%
Depreciation & Amortization $644.4M $679.4M $699.5M
YoY Change -25.91% -2.87% -31.23%
% of Gross Profit 39.04% 40.17% 40.01%
Operating Expenses $1.765B $1.240B $1.188B
YoY Change 42.62% 4.32% -2.32%
Operating Profit -$113.9M $451.7M $560.1M
YoY Change -132.28% -19.35% 56.63%
Interest Expense -$140.9M $141.5M $153.2M
YoY Change -4.21% -7.64% 0.86%
% of Operating Profit 31.33% 27.35%
Other Income/Expense, Net -$349.2M $92.00M $20.60M
YoY Change -119.26% 346.6% -455.17%
Pretax Income -$855.0M $402.2M $427.5M
YoY Change -158.21% -5.92% 113.86%
Income Tax -$89.40M $70.60M $73.20M
% Of Pretax Income 17.55% 17.12%
Net Earnings -$765.6M $331.6M $354.3M
YoY Change -175.71% -6.41% 13.74%
Net Earnings / Revenue -19.95% 8.41% 8.69%
Basic Earnings Per Share $0.28 $0.29
Diluted Earnings Per Share -$0.64 $0.27 $0.29
COMMON SHARES
Basic Shares Outstanding 1.200B shares 1.200B shares 1.213B shares
Diluted Shares Outstanding 1.208B shares 1.218B shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.029B $1.390B $721.0M
YoY Change -20.56% 92.79% -14.6%
Cash & Equivalents $991.9M $1.310B $646.7M
Short-Term Investments $37.00M $80.00M $74.30M
Other Short-Term Assets $271.0M $1.195B $1.132B
YoY Change -80.7% 5.58% -31.5%
Inventory $3.470B $3.672B $3.380B
Prepaid Expenses $155.9M $166.9M $237.1M
Receivables $3.700B $3.739B $3.334B
Other Receivables $876.6M $507.5M $504.1M
Total Short-Term Assets $12.98B $10.93B $10.49B
YoY Change 22.01% 4.24% -7.26%
LONG-TERM ASSETS
Property, Plant & Equipment $2.760B $2.927B $3.039B
YoY Change -8.76% -3.7% -2.41%
Goodwill $9.867B $10.28B $10.05B
YoY Change -5.36% 2.22% -17.38%
Intangibles $19.18B $21.28B $23.01B
YoY Change -15.15% -7.53% -14.72%
Long-Term Investments $165.7M $166.0M
YoY Change 76.28%
Other Assets $2.209B $2.395B $963.9M
YoY Change -8.1% 148.47% -7.28%
Total Long-Term Assets $34.71B $37.81B $38.17B
YoY Change -11.88% -0.95% -14.72%
TOTAL ASSETS
Total Short-Term Assets $12.98B $10.93B $10.49B
Total Long-Term Assets $34.71B $37.81B $38.17B
Total Assets $47.69B $48.74B $48.66B
YoY Change -4.67% 0.16% -13.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.381B $1.219B $791.2M
YoY Change 19.29% 54.07% -30.54%
Accrued Expenses $2.271B $2.231B $2.271B
YoY Change 3.75% -1.76% -27.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $100.0K $500.4M
YoY Change -99.98% -70.68%
Long-Term Debt Due $1.943B $1.307B $763.8M
YoY Change 54.35% 71.17% -59.97%
Total Short-Term Liabilities $7.777B $6.834B $6.521B
YoY Change 15.29% 4.79% -35.46%
LONG-TERM LIABILITIES
Long-Term Debt $16.19B $17.08B $18.72B
YoY Change -10.14% -8.8% -5.69%
Other Long-Term Liabilities $1.517B $1.647B $1.745B
YoY Change -13.64% -5.62% -14.99%
Total Long-Term Liabilities $17.71B $18.72B $20.47B
YoY Change -10.45% -8.53% -6.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.777B $6.834B $6.521B
Total Long-Term Liabilities $17.71B $18.72B $20.47B
Total Liabilities $27.22B $27.88B $29.48B
YoY Change -5.98% -5.44% -15.6%
SHAREHOLDERS EQUITY
Retained Earnings $4.640B $5.553B $4.313B
YoY Change -10.35% 28.77% 5.52%
Common Stock $12.20M $12.20M $12.10M
YoY Change 0.83% 0.83% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $251.8M $251.8M $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $20.47B $20.87B $19.18B
YoY Change
Total Liabilities & Shareholders Equity $47.69B $48.74B $48.66B
YoY Change -4.67% 0.16% -13.21%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$765.6M $331.6M $354.3M
YoY Change -175.71% -6.41% 13.74%
Depreciation, Depletion And Amortization $644.4M $679.4M $699.5M
YoY Change -25.91% -2.87% -31.23%
Cash From Operating Activities $479.4M $834.1M $869.0M
YoY Change 236.19% -4.02% -19.95%
INVESTING ACTIVITIES
Capital Expenditures $200.9M $102.1M -$115.7M
YoY Change 21.1% -188.25% -12.28%
Acquisitions
YoY Change
Other Investing Activities $316.7M $48.30M $700.0K
YoY Change -83.76% 6800.0% -94.89%
Cash From Investing Activities $115.8M -$53.80M -$115.0M
YoY Change -93.51% -53.22% -2.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -926.1M -97.60M -758.7M
YoY Change -30.4% -87.14% -13.54%
NET CHANGE
Cash From Operating Activities 479.4M 834.1M 869.0M
Cash From Investing Activities 115.8M -53.80M -115.0M
Cash From Financing Activities -926.1M -97.60M -758.7M
Net Change In Cash -330.9M 682.7M -4.700M
YoY Change -155.47% -14625.53% -105.23%
FREE CASH FLOW
Cash From Operating Activities $479.4M $834.1M $869.0M
Capital Expenditures $200.9M $102.1M -$115.7M
Free Cash Flow $278.5M $732.0M $984.7M
YoY Change -1295.28% -25.66% -19.12%

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CY2021Q2 vtrs Number Of Scottish Health Boards Nhs Scotland
NumberOfScottishHealthBoardsNHSScotland
14 healthboard
CY2021Q2 vtrs Number Of Entities National Health Service England Wales And Northern Ireland
NumberOfEntitiesNationalHealthServiceEnglandWalesAndNorthernIreland
32 entity
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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