Company: PRGO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001585364-25-000156
Chunk: 103

Company: PERRIGO Co plc
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1
Chunk 103
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 the extent of the value of the collateral securing such indebtedness.

55

Perrigo Company plc - Item 2Financial Condition, Liquidity and Capital Resources

Basis of Presentation

The following tables include summarized financial information of the obligor groups of debt issued by Perrigo Finance and the Company. The summarized financial information of each obligor group is presented on a combined basis with balances and transactions within the obligor group eliminated. Investments in and the equity in earnings of non-guarantor subsidiaries, which would otherwise be consolidated in accordance with U.S. GAAP, are excluded from the below summarized financial information pursuant to SEC Regulation S-X Rule 13-01.

The summarized balance sheet information for the consolidated obligor group of debt issued by Perrigo Finance and the Company is presented in the table below:

September 27, 2025December 31, 2024Current assets$1,952.0 $1,792.5 Non-current assets$4,110.3 $4,284.5 Current liabilities$865.8 $731.8 Non-current liabilities$11,710.4 $12,144.5 Due to non-guarantors$7,584.5 $8,131.3 

The summarized results of operations information for the consolidated obligor group of debt issued by Perrigo Finance and the Company is presented in the table below:

Nine Months EndedSeptember 27, 2025Total revenues$2,238.7 Gross profit$678.8 Operating income (loss)$(16.7)Net income (loss)$(266.7)Revenue from non-guarantors$288.2 Operating expenses to non-guarantors$(0.4)Other (income) expense to non-guarantors$(76.6)

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have a material current effect or that are reasonably likely to have a material future effect on our financial condition, changes in financial condition, net sales or expenses, results of operations, liquidity, capital expenditures, or capital resources. 

Contractual Obligations

There were no material changes in contractual obligations as of September 27, 2025 from those provided in our 2024 Form 10-K.

Significant Accounting Policies

There have been no material changes to the significant accounting policies as disclosed in our 2024 Form 10-K.

Critical Accounting Estimates

The determination of certain