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PERRIGO Co plc

For the period ended Mar 30, 2024. Filed May 7, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 30, 2024 · Filed May 7, 2024

PRGO$15.85+0.9%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 30, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-36353

Perrigo Company plc

(Exact name of registrant as specified in its charter)

IrelandNot Applicable
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)

The Sharp Building, Hogan Place, Dublin 2, Ireland D02 TY74

+353 1 7094000

(Address, including zip code, and telephone number, including

area code, of registrant’s principal executive offices)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, €0.001 par valuePRGONew York Stock Exchange
3.900% Notes due 2024PRGO24New York Stock Exchange
4.375% Notes due 2026PRGO26New York Stock Exchange
4.650% Notes due 2030PRGO30New York Stock Exchange
5.300% Notes due 2043PRGO43New York Stock Exchange
4.900% Notes due 2044PRGO44New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐ Yes☒ No

As of May 3, 2024, there were 136,320,433 ordinary shares outstanding.

FORM 10-Q

INDEX

PAGENUMBER
Cautionary Note Regarding Forward-Looking Statements3
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)
Condensed Consolidated Statements of Operations4
Condensed Consolidated Statements of Comprehensive Income5
Condensed Consolidated Balance Sheets6
Condensed Consolidated Statements of Shareholders' Equity7
Condensed Consolidated Statements of Cash Flows8
Notes to the Condensed Consolidated Financial Statements
1Summary of Significant Accounting Policies9
2Revenue Recognition11
3Discontinued Operations12
4Inventories12
5Investments13
6Leases13
7Goodwill and Intangible Assets15
8Fair Value Measurements16
9Derivative Instruments and Hedging Activities17
10Indebtedness21
11Earnings per Share and Shareholders' Equity22
12Accumulated Other Comprehensive Income (Loss)23
13Restructuring Charges23
14Income Taxes24
15Contingencies27
16Segment Information33
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations35
Item 3. Quantitative and Qualitative Disclosures About Market Risk46
Item 4. Controls and Procedures46
PART II. OTHER INFORMATION
Item 1. Legal Proceedings47
Item 1A. Risk Factors47
Item 5. Other Information47
Item 6. Exhibits48
Signatures49
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.