Company: PRGO
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001585364-25-000056
Chunk: 4

Company: PERRIGO Co plc
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 4
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18.4)(51.6)Accrued income taxes3.6 (81.6)Prepaid expenses and other current assets6.1 (1.7)Accrued customer programs6.4 18.2 Accounts payable7.2 (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 ActivitiesProceeds from royalty rights1.7 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 ActivitiesPayments 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 equivalents10.3 (7.5)Net decrease in cash and cash equivalents (141.7)(92.8)Cash and cash equivalents of continuing operations, beginning of period558.8 751.3 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   

See accompanying Notes to the Condensed Consolidated Financial Statements.

8

Perrigo Company plc - Item 1Note 1

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

General InformationPerrigo Company plc was incorporated under the laws of Ireland on June 28, 2013 and became the successor registrant of Perrigo Company, a Michigan corporation, on December 18, 2013 in connection with the acquisition of Elan Corporation, plc ("Elan"). Unless the context requires otherwise, the terms "Perrigo," the "Company," "we," "our," "us," and similar pronouns used herein refer to Perrigo Company plc, its subsidiaries, and all predecessors of Perrigo Company plc and its subsidiaries.Perrigo is a leading pure-play self-care company with more than a century