Company: BLCO
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001860742-25-000008
Chunk: 106

Company: Bausch & Lomb Corp
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 2
Chunk 106
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: (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 quarter to date impact of the enVista recall and (c) the filings of certain tax returns.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 was $212 million and $167 million for the three months ended March 31, 2025 and 2024, respectively, a decrease in our results of $45 million and was primarily due to the decrease in our operating results of $89 million, partially offset by the decrease in the provision for income taxes of $42 million, each as previously discussed.

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LIQUIDITY AND CAPITAL RESOURCESCash FlowsThree Months Ended March 31,(in millions)20252024ChangeNet cash (used in) provided by operating activities$(25)$41 $(66)Net cash used in investing activities(116)(57)(59)Net cash provided by financing activities31 12 19 Effect of exchange rate changes on cash and cash equivalents and restricted cash9 (5)14 Net decrease in cash and cash equivalents and restricted cash(101)(9)(92)Cash and cash equivalents and restricted cash, beginning of period316 334 (18)Cash and cash equivalents and restricted cash, end of period$215 $325 $(110)Operating ActivitiesNet cash used by operating activities was $25 million for the three months ended March 31, 2025, as compared to net cash provided by operating activities of $41 million for the three months ended March 31, 2024, a decrease of $66 million, and is primarily attributable to the decrease in our operating results, including the $28 million of acquired in-process research and development payments in 2025, as previously discussed. Investing ActivitiesNet cash used in investing activities was $116 million and $57 million for the three months ended March 31, 2025 and 2024, respectively, an increase of $59 million and was primarily driven by an increase in purchases of property, plant and equipment during the three months ended March 31, 2025.Financing ActivitiesNet cash provided by financing activities was $31 million and $12 million for the three months ended March 31,