Bausch Health Companies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	362	-46	-592	-225	-948	-560
Depreciation & Amortization	1,225	1,267	1,264	1,394	1,552	1,825
Other Amortization	87	55	65	99	55	61
Loss (Gain) From Sale of Assets	-6	-10	-3	-5	86	95
Asset Writedown & Restructuring Costs	24	29	547	839	615	18
Stock-Based Compensation	175	150	132	126	128	105
Provision & Write-off of Bad Debts	67	62	56	51	60	60
Other Operating Activities	-285	83	145	-2,611	6	-127
Change in Accounts Receivable	-303	-216	-195	-57	-229	170
Change in Inventory	-56	-267	-322	-198	-16	-77
Change in Accounts Payable	232	357	158	-75	121	-471
Change in Other Net Operating Assets	-16	133	-223	-66	-4	12
Operating Cash Flow	1,506	1,597	1,032	-728	1,426	1,111
Operating Cash Flow Growth	8.66%	54.75%	-	-	28.35%	-25.98%
Capital Expenditures	-411	-337	-215	-218	-269	-302
Sale of Property, Plant & Equipment	7	7	5	5	669	21
Cash Acquisitions	-108	-136	-1,890	-45	-	-
Sale (Purchase) of Intangibles	-11	-3	-57	-50	-14	-7
Investment in Securities	-2	2	-1	5	-4	4
Other Investing Activities	12	13	13	-	27	23
Investing Cash Flow	-513	-454	-2,145	-303	409	-261
Long-Term Debt Issued	-	661	3,291	6,836	2,100	3,455
Total Debt Issued	10,927	661	3,291	6,836	2,100	3,455
Long-Term Debt Repaid	-	-1,460	-1,710	-7,846	-3,440	-5,642
Total Debt Repaid	-11,250	-1,460	-1,710	-7,846	-3,440	-5,642
Net Debt Issued (Repaid)	-323	-799	1,581	-1,010	-1,340	-2,187
Repurchase of Common Stock	-27	-26	-24	-31	-52	-30
Other Financing Activities	-72	-43	-82	567	-121	-77
Financing Cash Flow	-422	-868	1,475	-474	-1,513	-2,294
Foreign Exchange Rate Adjustments	19	-36	9	-23	-19	16
Net Cash Flow	590	239	371	-1,528	303	-1,428
Free Cash Flow	1,095	1,260	817	-946	1,157	809
Free Cash Flow Growth	3.60%	54.22%	-	-	43.02%	-34.28%
Free Cash Flow Margin	10.92%	13.09%	9.33%	-11.64%	13.72%	10.08%
Free Cash Flow Per Share	2.94	3.42	2.24	-2.61	3.22	2.28
Cash Interest Paid	1,674	1,674	1,533	1,540	1,419	1,474
Cash Income Tax Paid	61	61	237	266	240	162
Levered Free Cash Flow	1,240	1,716	738.13	1,017	1,627	432.88
Unlevered Free Cash Flow	2,119	2,529	1,503	1,833	2,464	1,331
Change in Working Capital	-143	7	-582	-396	-128	-366

Source: S&P Global Market Intelligence. Standard template. Financial Sources.