Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 191

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 191
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 the policies or procedures may deteriorate.

/s/ Ernst & Young LLP

Grand Rapids, Michigan

February 28, 2025

60

Perrigo Company plc - Item 8

PERRIGO COMPANY PLC

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except per share amounts)

 Year Ended December 31, 2024December 31, 2023December 31, 2022Net sales$4,373.4 $4,655.6 $4,451.6 Cost of sales2,830.7 2,975.2 2,996.2 Gross profit1,542.7 1,680.4 1,455.4 Operating expensesDistribution98.0 110.5 113.0 Research and development112.2 122.5 123.1 Selling546.6 641.8 584.8 Administration468.0 522.3 512.3 Impairment charges88.9 90.0 — Restructuring110.1 42.2 42.5 Other operating (income) expense, net6.0 (0.8)0.8 Total operating expenses1,429.8 1,528.5 1,376.5 Operating income 112.9 151.9 78.9 Interest expense, net187.8 173.8 156.0 Other (income) expense, net(0.9)(10.4)53.1 (Gain) loss on extinguishment of debt6.7 (3.2)8.9 Income (loss) from continuing operations before income taxes(80.7)(8.3)(139.1)Income tax (benefit) expense80.0 (3.9)(8.2)Income (loss) from continuing operations(160.7)(4.4)(130.9)Loss from discontinued operations, net of tax(11.1)(8.3)(9.7)Net income (loss)$(171.8)$(12.7)$(140.6)Earnings (loss) per shareBasicContinuing operations$(1.17)$(0.03)$(0.97)Discontinued operations$(0.08)$(0.06)$(0.07)Basic earnings (loss) per share$(1.