0001860742-26-000007
SEC filingBausch + Lomb Corporation reported total revenues of $5.10 billion for fiscal year 2025, generating operating income of $113 million. However, the company recorded a net loss attributable to Bausch + Lomb Corporation of $360 million, primarily driven by significant interest expense of $421 million. The company maintained positive operating cash flow of $283 million, but free cash flow was negative due to substantial capital expenditures of $349 million and acquisitions totaling $122 million. The balance sheet shows total assets of $14.02 billion, with significant goodwill of $4.76 billion and intangible assets of $3.28 billion, while long-term debt stands at $5.04 billion. The company's liquidity position includes $383 million in cash and cash equivalents, with total current assets of $2.98 billion against current liabilities of $1.92 billion.
Bausch + Lomb Corporation reported total revenues of $5.10 billion for fiscal year 2025, with cost of goods sold and other revenues totaling $2.05 billion, resulting in gross profit of $3.05 billion. The company generated operating income of $113 million, representing an operating margin of 2.2%. However, significant interest expense of $421 million led to a loss before provision for income taxes of $317 million. After a $35 million provision for income taxes, the company recorded a net loss of $352 million, with net loss attributable to Bausch + Lomb Corporation of $360 million. Basic and diluted loss per share were both $1.00. The company's weighted-average common shares outstanding were 353.8 million for both basic and diluted calculations.
The filing does not provide segment breakdown, geographic mix, or specific growth drivers for revenue. The XBRL data shows total revenues of $5.10 billion, but no further disaggregation is available in the provided data. The document content does not include management discussion and analysis sections that would typically provide revenue segmentation or growth driver analysis. Without this information, a detailed revenue analysis cannot be provided based solely on the available financial statements.
The company achieved a gross margin of 59.8% based on total revenues of $5.10 billion and cost of goods sold of $2.05 billion. Operating expenses totaled $2.86 billion, consisting of selling, general and administrative expenses of $2.23 billion, research and development of $371 million, and amortization of intangible assets of $258 million. Other expense, net provided a benefit of $75 million. The operating margin was 2.2%, calculated from operating income of $113 million divided by total revenues. The net loss margin was 7.1% based on net loss attributable to Bausch + Lomb Corporation of $360 million relative to total revenues.
The company generated positive operating cash flow of $283 million despite reporting a net loss of $352 million, with significant adjustments including depreciation and amortization of $421 million and share-based compensation of $149 million. Investing activities used $455 million in cash, primarily for acquisitions and other investments of $122 million and purchases of property, plant and equipment of $349 million. Financing activities provided $225 million in cash, with $3.36 billion in debt issuance offset by $3.10 billion in debt repayments. Free cash flow was negative $172 million, calculated as operating cash flow of $283 million minus capital expenditures of $349 million and acquisitions of $122 million. The balance sheet shows total assets of $14.02 billion, with current assets of $2.98 billion including cash and cash equivalents of $383 million. Total liabilities were $7.50 billion, with long-term debt of $5.04 billion. Shareholders' equity was $6.45 billion, resulting in a debt-to-equity ratio of 0.78.
The provided document content does not include management guidance, strategic priorities, or risk factor discussions that would typically appear in the Management's Discussion and Analysis or Risk Factors sections of a 10-K filing. The XBRL financial data and document content provided consist solely of financial statement information without forward-looking statements, strategic commentary, or risk assessment. Therefore, no outlook information can be provided based on the available data.