Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 329

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 329
---
13,469 $13,442 On behalf of the Board:/s/ BRENTON L. SAUNDERS/s/ SARAH B. KAVANAGHBrenton L. Saunders Sarah B. KavanaghChairman of the Board and Chief Executive Officer Chairperson, Audit and Risk CommitteeThe accompanying notes are an integral part of these consolidated financial statements.

F-5

BAUSCH + LOMB CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS(in millions, except per share amounts) Years Ended December 31, 202420232022Revenues  Product sales$4,774 $4,131 $3,746 Other revenues17 15 22 4,791 4,146 3,768 ExpensesCost of goods sold (excluding amortization and impairments of intangible assets) (Note 3)1,868 1,640 1,511 Cost of other revenues4 2 8 Selling, general and administrative (Note 3)2,082 1,736 1,478 Research and development (Note 3)343 324 307 Amortization of intangible assets288 240 244 Other expense, net44 74 13 4,629 4,016 3,561 Operating income162 130 207 Interest income15 15 6 Interest expense (Note 3)(399)(283)(146)Foreign exchange and other(12)(28)6 (Loss) income before provision for income taxes(234)(166)73 Provision for income taxes(71)(82)(58)Net (loss) income(305)(248)15 Net income attributable to noncontrolling interest(12)(12)(9)Net (loss) income attributable to Bausch + Lomb Corporation$(317)$(260)$6 Basic and diluted (loss) income per share attributable to Bausch + Lomb Corporation$(0.90)$(0.74)$0.02 Basic weighted-average common shares351.8 350.5 350.0 Diluted weighted-average common shares351.8 350.5 350.2 The accompanying notes are an integral part of these consolidated financial statements.

F-6

BAUSCH + LOMB CORPORATIONCONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME(in millions)Years Ended December 31,202