Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 450

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 450
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 increase of certain tax attributes recorded in the previous year.See Note 16, “INCOME TAXES” to our audited Consolidated Financial Statements for further details.Net loss attributable to Bausch + Lomb Corporation

72

Net loss attributable to Bausch + Lomb Corporation for 2024 and 2023 was $317 million and $260 million, respectively, a decrease in our results of $57 million, and was primarily due to the increase in interest expense of $116 million, partially offset by: (i) the increase in our operating results of $32 million and (ii) the decrease in the provision for income taxes of $11 million, each as previously discussed.LIQUIDITY AND CAPITAL RESOURCESCash FlowsSummarized cash flow information for the years 2024, 2023 and 2022 is as follows: Years Ended December 31,Change(in millions)2024202320222023 to 20242022 to 2023Net cash provided by (used in) operating activities$232 $(17)$345 $249 $(362)Net cash used in investing activities(412)(2,109)(215)1,697 (1,894)Net cash provided by financing activities178 2,078 81 (1,900)1,997 Effect of exchange rate changes on cash and cash equivalents and restricted cash(16)2 (8)(18)10 Net (decrease) increase in cash and cash equivalents and restricted cash(18)(46)203 28 (249)Cash and cash equivalents and restricted cash, beginning of period334 380 177 (46)203 Cash and cash equivalents and restricted cash, end of period$316 $334 $380 $(18)$(46)A detailed discussion of the year-over-year changes of the Company’s 2024 results compared with that of 2023 can be found below. A detailed discussion of the year-over-year changes of the Company’s 2023 results compared with that of 2022 can be found under "Management’s Discussion and Analysis of Financial Condition and Results of Operations'' included in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC and the CSA on February 21, 2024.Operating ActivitiesNet cash provided by operating activities was $232 million for 2024, as compared to net cash used in operating activities of $17 million for 2023