PERRIGO Co plc
For the period ended Mar 29, 2025. Filed May 7, 2025.
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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.
Mar 29, 2025 · Filed May 7, 2025
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)
| Three Months Ended | ||
|---|---|---|
| March 29, 2025 | March 30, 2024 | |
| Cash Flows From (For) Operating Activities | ||
| Net income (loss) | $(6.4) | $2.0 |
| Adjustments to derive cash flows: | ||
| Depreciation and amortization | 79.9 | 81.4 |
| Restructuring charges | 29.4 | 44.3 |
| Share-based compensation | 11.6 | 15.6 |
| Impairment charges | 3.1 | — |
| Amortization of debt discount | 2.2 | 0.4 |
| Deferred income taxes | (3.1) | (11.0) |
| Other non-cash adjustments, net | (4.8) | (7.4) |
| Subtotal | 111.9 | 125.3 |
| (Decrease) increase in cash due to: | ||
| Accounts receivable | (65.2) | (51.9) |
| Inventories | (62.5) | 10.6 |
| Other accrued liabilities | (56.1) | 30.6 |
| Payroll and related taxes | (18.4) | (51.6) |
| Accrued income taxes | 3.6 | (81.6) |
| Prepaid expenses and other current assets | 6.1 | (1.7) |
| Accrued customer programs | 6.4 | 18.2 |
| Accounts payable | 7.2 | (16.7) |
| Other operating, net | 2.5 | 17.4 |
| Subtotal | (176.4) | (126.7) |
| Net cash for operating activities | (64.5) | (1.4) |
| Cash Flows From (For) Investing Activities | ||
| Proceeds from royalty rights | 1.7 | 1.6 |
| Asset acquisitions | (1.5) | — |
| Additions to property, plant and equipment | (25.5) | (25.1) |
| Other investing, net | (0.4) | — |
| Net cash for investing activities | (25.7) | (23.5) |
| Cash Flows From (For) Financing Activities | ||
| Payments on long-term debt | (8.8) | (9.8) |
| Cash dividends | (40.6) | (37.6) |
| Other financing, net | (12.4) | (13.0) |
| Net cash for financing activities | (61.8) | (60.4) |
| Effect of exchange rate changes on cash and cash equivalents | 10.3 | (7.5) |
| Net decrease in cash and cash equivalents | (141.7) | (92.8) |
| Cash and cash equivalents of continuing operations, beginning of period | 558.8 | 751.3 |
| Cash and cash equivalents held for sale, beginning of period | — | — |
| Less cash and cash equivalents held for sale, end of period | (7.2) | — |
| Cash and cash equivalents of continuing operations, end of period | $409.9 | $658.5 |
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