Company: BLCO
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001860742-25-000023
Chunk: 83

Company: Bausch & Lomb Corp
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 83
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 the nine months ended September 30, 2025, as compared to a provision for income taxes of $79 million for the nine months ended September 30, 2024, a favorable change of $115 million. The change in income taxes was primarily related to: (i) a change in the jurisdictional and seasonal mix of earnings and (ii) discrete tax effects of: (a) a tax benefit recorded on acquired assets, (b) the year to date impact of the enVista recall and (c) a benefit for previously accrued taxes that settled favorably with the Internal Revenue Service.See Note 14, “INCOME TAXES” to our unaudited interim Condensed Consolidated Financial Statements for further details.Net loss attributable to Bausch + Lomb CorporationNet loss attributable to Bausch + Lomb Corporation for the nine months ended September 30, 2025 and 2024 was $302 million and $314 million, respectively, an increase in our results of $12 million and was primarily driven by the decrease in the provision for income taxes of $115 million, partially offset by the decrease in our operating results of $74 million and increase in interest expense of $22 million, each as previously discussed.

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LIQUIDITY AND CAPITAL RESOURCESCash FlowsNine Months Ended September 30,(in millions)20252024ChangeNet cash provided by operating activities$147 $210 $(63)Net cash used in investing activities(267)(227)(40)Net cash provided by financing activities109 32 77 Effect of exchange rate changes on cash and cash equivalents and restricted cash27 1 26 Net decrease in cash and cash equivalents and restricted cash16 16 — Cash and cash equivalents and restricted cash, beginning of period316 334 (18)Cash and cash equivalents and restricted cash, end of period$332 $350 $(18)Operating ActivitiesNet cash provided by operating activities was $147 million and $210 million for the nine months ended September 30, 2025 and 2024, respectively, a decrease of $63 million, and is primarily attributable to: (i) financing fees associated with the June 2025 refinancing and (ii) the timing of payments, primarily related to Business Transformation Costs.Investing ActivitiesNet cash used in investing activities was $267 million and $227 million for the nine months ended September 30, 2025 and 2024, respectively, an increase of $40 million and