Company: BLCO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001860742-25-000004
Chunk: 272

Company: Bausch & Lomb Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 272
---
 3)343 324 307 19 17 Amortization of intangible assets288 240 244 48 (4)Other expense, net44 74 13 (30)61 4,629 4,016 3,561 613 455 Operating income162 130 207 32 (77)Interest income15 15 6 — 9 Interest expense (Note 3)(399)(283)(146)(116)(137)Foreign exchange and other(12)(28)6 16 (34)(Loss) income before provision for income taxes(234)(166)73 (68)(239)Provision for income taxes(71)(82)(58)11 (24)Net (loss) income(305)(248)15 (57)(263)Net income attributable to noncontrolling interest(12)(12)(9)— (3)Net (loss) income attributable to Bausch + Lomb Corporation$(317)$(260)$6 $(57)$(266)A detailed discussion of the year-over-year changes of the Company’s 2024 results compared with that of 2023 can be found below. A detailed discussion of the year-over-year changes of the Company’s 2023 results compared with that of 2022 can be found under "Management’s Discussion and Analysis of Financial Condition and Results of Operations'' included in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC and the CSA on February 21, 2024.

67

2024 Compared to 2023Revenues Our revenues are primarily generated from product sales in the therapeutic areas of eye health that consist of: (i) branded prescription eye-medications and pharmaceuticals, (ii) generic and branded generic prescription eye medications and pharmaceuticals, (iii) OTC vitamin and supplement products and (iv) medical devices (contact lenses, IOLs and ophthalmic surgical equipment). Other revenues include alliance and service revenue from the licensing and co-promotion of products and contract service revenue. Contract service revenue is derived primarily from contract manufacturing for third parties and is not material. See Note 21, “SEGMENT INFORMATION” to our audited Consolidated Financial Statements for the disaggregation of revenues which depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by the economic factors of each category of customer contracts.Our revenues were $4,791