PERRIGO Co plc
For the period ended Sep 28, 2024. Filed Nov 6, 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.
Sep 28, 2024 · Filed Nov 6, 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)
| Nine Months Ended | ||
|---|---|---|
| September 28, 2024 | September 30, 2023 | |
| Cash Flows From Operating Activities | ||
| Net income (loss) | $(127.3) | $19.6 |
| Adjustments to derive cash flows: | ||
| Depreciation and amortization | 245.6 | 273.6 |
| Impairment charges | 50.3 | — |
| Share-based compensation | 44.5 | 58.2 |
| Restructuring charges | 43.1 | 25.7 |
| Settlement of interest rate derivatives | 41.2 | — |
| Dedesignation of interest rate swap agreements | 14.4 | — |
| Amortization of debt discount | 1.1 | 1.8 |
| Deferred income taxes | (13.5) | 12.3 |
| Gain on sale of assets | (26.0) | (4.0) |
| Gain on sale of business | (5.8) | — |
| Other non-cash adjustments, net | 19.2 | (2.7) |
| Subtotal | 286.8 | 384.5 |
| (Decrease) increase in cash due to: | ||
| Accrued income taxes | (134.6) | (54.4) |
| Payroll and related taxes | (73.9) | (52.7) |
| Accounts receivable | (69.3) | (70.6) |
| Inventories | (14.7) | (5.5) |
| Accounts payable | (4.9) | (92.9) |
| Prepaid expenses and other current assets | 0.5 | 35.9 |
| Accrued customer programs | 2.0 | 20.5 |
| Other accrued liabilities | 22.4 | 13.2 |
| Other operating, net | 36.0 | 18.8 |
| Subtotal | (236.5) | (187.7) |
| Net cash from operating activities | 50.3 | 196.8 |
| Cash Flows From (For) Investing Activities | ||
| Net proceeds from sale of businesses | 205.5 | — |
| Proceeds from sale of assets | 33.3 | 2.0 |
| Proceeds from royalty rights | 3.5 | 18.3 |
| Additions to property, plant and equipment | (80.6) | (75.0) |
| Settlement of foreign currency derivatives | (45.8) | — |
| Net cash from (for) investing activities | 115.9 | (54.7) |
| Cash Flows From (For) Financing Activities | ||
| Issuances of long-term debt | 1,092.7 | — |
| Payments on long-term debt | (420.4) | (24.0) |
| Cash dividends | (112.9) | (112.1) |
| Other financing, net | (16.3) | (6.5) |
| Net cash from (for) financing activities | 543.1 | (142.6) |
| Effect of exchange rate changes on cash and cash equivalents | 2.9 | (1.9) |
| Net increase (decrease) in cash and cash equivalents | 712.2 | (2.4) |
| 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 | $1,463.5 | $598.3 |
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