Organon & Co.
For the period ended Sep 30, 2024. Filed Nov 1, 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 30, 2024 · Filed Nov 1, 2024
OGN$13.89+0.3%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
(Unaudited, $ in millions)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities | ||
| Net income | $755 | $477 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Depreciation | 98 | 88 |
| Amortization | 102 | 88 |
| Acquired in-process research and development and milestones | 81 | 8 |
| Deferred income tax (benefit) expense | (170) | 4 |
| Stock-based compensation | 79 | 74 |
| Unrealized foreign exchange (gain) loss | (24) | 19 |
| Other | 18 | 24 |
| Net changes in assets and liabilities | ||
| Accounts receivable | 42 | (185) |
| Inventories | (100) | (137) |
| Other current assets | (180) | (56) |
| Trade accounts payable | (215) | (68) |
| Accrued and other current liabilities | (28) | 34 |
| Income taxes payable | 24 | (21) |
| Other | 67 | 53 |
| Net Cash Flows Provided by Operating Activities | 549 | 402 |
| Cash Flows from Investing Activities | ||
| Capital expenditures | (120) | (172) |
| Proceeds from sale of property, plant and equipment | 2 | 1 |
| Acquired in-process research and development and milestones | (26) | (8) |
| Purchase of product rights and asset acquisition, net of cash acquired | (73) | — |
| Net Cash Flows Used in Investing Activities | (217) | (179) |
| Cash Flows from Financing Activities | ||
| Proceeds from debt | 1,036 | 80 |
| Repayments of debt | (1,045) | (336) |
| Payment of long-term debt issuance costs | (36) | — |
| Employee withholding taxes related to stock-based awards | (18) | (15) |
| Dividend payments | (223) | (221) |
| Net Cash Flows Used in Financing Activities | (286) | (492) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 24 | (23) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 70 | (292) |
| Cash and Cash Equivalents, Beginning of Period | 693 | 706 |
| Cash and Cash Equivalents, End of Period | $763 | $414 |
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