PERRIGO Co plc
For the period ended Jun 29, 2024. Filed Aug 2, 2024.
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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.
Jun 29, 2024 · Filed Aug 2, 2024
PRGO$16.83-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in millions)
| Six Months Ended | ||
|---|---|---|
| June 29, 2024 | July 1, 2023 | |
| Cash Flows From (For) Operating Activities | ||
| Net income (loss) | $(106.4) | $5.4 |
| Adjustments to derive cash flows: | ||
| Depreciation and amortization | 163.3 | 182.6 |
| Settlement of interest rate derivatives | 41.2 | — |
| Share-based compensation | 38.6 | 43.5 |
| Restructuring charges | 38.3 | 10.2 |
| Impairment charges | 34.1 | — |
| Deferred income taxes | 1.3 | (1.8) |
| Amortization of debt discount | 0.7 | 1.4 |
| Gain on sale of assets | — | (4.0) |
| Other non-cash adjustments, net | 15.9 | 1.6 |
| Subtotal | 227.0 | 238.9 |
| Increase (decrease) in cash due to: | ||
| Accrued income taxes | (130.8) | (33.2) |
| Payroll and related taxes | (69.6) | (42.5) |
| Accounts receivable | (17.3) | (72.5) |
| Other accrued liabilities | (16.9) | (0.3) |
| Inventories | (2.9) | (11.1) |
| Accrued customer programs | 5.8 | 35.1 |
| Prepaid expenses and other current assets | 12.2 | 10.9 |
| Accounts payable | 13.9 | (68.8) |
| Other operating, net | (13.3) | 15.8 |
| Subtotal | (218.9) | (166.6) |
| Net cash from operating activities | 8.1 | 72.3 |
| Cash Flows From (For) Investing Activities | ||
| Additions to property, plant and equipment | (53.5) | (43.2) |
| Settlement of foreign currency derivatives | (45.8) | — |
| Proceeds from sale of assets | — | 1.8 |
| Proceeds from royalty rights | 2.5 | 17.4 |
| Net cash for investing activities | (96.8) | (24.0) |
| Cash Flows For Financing Activities | ||
| Cash dividends | (75.3) | (73.2) |
| Payments on long-term debt | (19.6) | (14.9) |
| Other financing, net | (15.3) | (11.2) |
| Net cash for financing activities | (110.2) | (99.3) |
| Effect of exchange rate changes on cash and cash equivalents | (9.6) | 5.5 |
| Net decrease in cash and cash equivalents | (208.5) | (45.5) |
| 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 | $542.8 | $555.2 |
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