PERRIGO Co plc
For the period ended Mar 30, 2024. Filed May 7, 2024.
View on SEC.govAbout 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$16.83-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(in millions)
| Three Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Cash Flows From (For) Operating Activities | ||
| Net income (loss) | $2.0 | $(3.0) |
| Adjustments to derive cash flows: | ||
| Depreciation and amortization | 81.4 | 88.7 |
| Restructuring charges | 44.3 | 3.4 |
| Share-based compensation | 15.6 | 24.9 |
| Amortization of debt discount | 0.4 | 0.7 |
| Gain on sale of assets | — | (3.9) |
| Deferred income taxes | (11.0) | (9.9) |
| Other non-cash adjustments, net | (7.4) | 6.4 |
| Subtotal | 125.3 | 107.3 |
| Increase (decrease) in cash due to: | ||
| Accrued income taxes | (81.6) | 2.5 |
| Accounts receivable | (51.9) | (39.8) |
| Payroll and related taxes | (51.6) | (34.3) |
| Accounts payable | (16.7) | (29.8) |
| Prepaid expenses and other current assets | (1.7) | 17.1 |
| Inventories | 10.6 | (28.6) |
| Accrued customer programs | 18.2 | 6.8 |
| Accrued liabilities | 30.6 | 8.0 |
| Other operating, net | 17.4 | 10.2 |
| Subtotal | (126.7) | (87.9) |
| Net cash (for) from operating activities | (1.4) | 19.4 |
| Cash Flows From (For) Investing Activities | ||
| Additions to property, plant and equipment | (25.1) | (23.2) |
| Proceeds from sale of assets | — | 1.8 |
| Proceeds from royalty rights | 1.6 | 1.8 |
| Net cash for investing activities | (23.5) | (19.6) |
| Cash Flows For Financing Activities | ||
| Cash dividends | (37.6) | (36.2) |
| Payments on long-term debt | (9.8) | (5.9) |
| Other financing, net | (13.0) | (8.6) |
| Net cash for financing activities | (60.4) | (50.7) |
| Effect of exchange rate changes on cash and cash equivalents | (7.5) | 3.2 |
| Net decrease in cash and cash equivalents | (92.8) | (47.7) |
| Cash, cash equivalents and restricted cash of continuing operations, beginning of period | 751.3 | 600.7 |
| Cash, cash equivalents and restricted cash of continuing operations, end of period | $658.5 | $553.0 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.