Company: BLCO
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001860742-25-000008
Chunk: 9

Company: Bausch & Lomb Corp
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 9
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Item 1. Financial Statements

BAUSCH + LOMB CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)

(Unaudited)

 March 31, 2025December 31, 2024Assets  Current assets:  Cash and cash equivalents$202 $305 Restricted cash13 11 Trade receivables, net1,007 1,026 Inventories, net1,031 1,036 Prepaid expenses and other current assets (Note 4)441 410 Total current assets2,694 2,788 Property, plant and equipment, net1,581 1,485 Intangible assets, net3,427 3,494 Goodwill4,567 4,523 Deferred tax assets, net864 885 Other non-current assets (Note 4)295 294 Total assets$13,428 $13,469 Liabilities Current liabilities: Accounts payable (Note 4)$427 $389 Accrued and other current liabilities1,259 1,309 Current portion of long-term debt40 40 Total current liabilities1,726 1,738 Deferred tax liabilities, net13 13 Other non-current liabilities467 430 Long-term debt4,789 4,744 Total liabilities6,995 6,925 Commitments and contingencies (Note 16)Equity  Common shares, no par value, unlimited shares authorized, 353,364,741 and 352,402,374 issued and outstanding at March 31, 2025 and December 31, 2024, respectively— — Additional paid-in capital8,448 8,429 Accumulated deficit(783)(571)Accumulated other comprehensive loss(1,304)(1,385)Total Bausch + Lomb Corporation shareholders’ equity6,361 6,473 Noncontrolling interest72 71 Total equity6,433 6,544 Total liabilities and equity$13,428 $13,469 

The accompanying notes are an integral part of these condensed consolidated financial statements.