Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 280

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 280
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 Liquidity and Debt — Long-term Debt”), partially offset by certain upfront financing commitment costs incurred in connection with the XIIDRA Acquisition during the prior period. See Note 10, “FINANCING ARRANGEMENTS” to our audited Consolidated Financial Statements for further details regarding our financing arrangements.Foreign Exchange and OtherForeign exchange and other primarily includes translation gains/losses on intercompany balances and third-party liabilities and the gain/loss due to the change in fair value of foreign currency exchange contracts. Foreign exchange and other was a net loss of $12 million and $28 million for 2024 and 2023, respectively.Income TaxesProvision for income taxes were $71 million and $82 million for 2024 and 2023, respectively, a decrease of $11 million. The decrease in income taxes was primarily related to: (i) a change in the jurisdictional mix of earnings and (ii) discrete tax effects of: (a) establishing a valuation allowance in Canada during the previous year and (b) an increase in non-deductible items, offset by an increase of certain tax attributes recorded in the previous year.See Note 16, “INCOME TAXES” to our audited Consolidated Financial Statements for further details.Net loss attributable to Bausch + Lomb Corporation

72

Net loss attributable to Bausch + Lomb Corporation for 2024 and 2023 was $317 million and $260 million, respectively, a decrease in our results of $57 million, and was primarily due to the increase in interest expense of $116 million, partially offset by: (i) the increase in our operating results of $32 million and (ii) the decrease in the provision for income taxes of $11 million, each as previously discussed.LIQUIDITY AND CAPITAL RESOURCESCash FlowsSummarized cash flow information for the years 2024, 2023 and 2022 is as follows: Years Ended December 31,Change(in millions)2024202320222023 to 20242022 to 2023Net cash provided by (used in) operating activities$232 $(17)$345 $249 $(362)Net cash used in investing activities(412)(2,109)(215)1,697 (1,894)Net cash provided by financing activities178 2,078 81 (1,900)1,997 Effect of exchange rate changes on cash and cash equivalents and restricted cash(16)2 (8