Viatris Inc. (VTRS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 MYLAN BOULEVARD
CANONSBURG, PA 15317
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,295739844 
Cash and cash equivalents1,260701844 
Short-term investments 3538  
Restricted cash and investments356 
Receivables3,2443,7743,891 
Inventory, net of allowances, customer advances and progress billings3,5203,9785,472 
Inventory3,5203,9785,472 
Prepaid expense195257268 
Other current assets1,4041,4671,236 
Other undisclosed current assets9766831,150 
Total current assets:10,63510,90312,868 
Noncurrent Assets
Property, plant and equipment3,0253,1893,460 
Intangible assets, net (including goodwill)33,03338,24842,030 
Goodwill10,42612,11412,347 
Intangible assets, net (excluding goodwill)22,60726,13429,683 
Deferred income tax assets9261,3332,148 
Other noncurrent assets2,4041,1711,048 
Total noncurrent assets:39,38743,94048,686 
TOTAL ASSETS:50,02254,84361,553 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0461,8942,193 
Taxes payable237289 
Accounts payable1,7671,6571,904 
Accrued liabilities280   
Other liabilities3,4414,6204,961 
Other undisclosed current liabilities1,2593,3713,409 
Total current liabilities:6,7469,88410,563 
Noncurrent Liabilities
Long-term debt and lease obligation18,01519,91822,659 
Long-term debt, excluding current maturities18,01519,71722,429 
Liabilities, other than long-term debt, including:245233506 
Deferred income tax liabilities2,4322,8153,124 
Liability for uncertainty in income taxes415426470 
Liability, pension and other postretirement and postemployment benefits5458761,020 
Restructuring reserve6064135 
Other liabilities1,7571,9342,483 
Operating lease, liability181201230 
Other undisclosed liabilities, other than long-term debt(5,145)(5,883)(6,726) 
Other undisclosed noncurrent liabilities3,9444,3154,872 
Total noncurrent liabilities:22,20424,46628,036 
Total liabilities:28,95034,35038,599 
Equity
Equity, attributable to parent21,07220,49322,954 
Common stock1212120
Treasury stock, value    
Additional paid in capital18,64618,53618,439 
Accumulated other comprehensive loss(2,761)(1,744)(858) 
Retained earnings5,1763,6895,361 
Receivable from shareholders or affiliates for issuance of capital stock    (0)
Total equity:21,07220,49322,954 
TOTAL LIABILITIES AND EQUITY:50,02254,84361,553 

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues16,26317,88611,946 
Cost of revenue
(Cost of Goods and Services Sold)
(9,766)(12,311)(8,149) 
Gross profit:6,4975,5763,797 
Operating expenses(4,882)(5,610)(4,008) 
Operating income (loss):1,615(34)(211) 
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,7916(13) 
Interest and debt expense(592)(636)(498) 
Income (loss) from continuing operations before income taxes:2,813(664)(721) 
Income tax expense (benefit)(735)(605)51 
Income (loss) from continuing operations:2,079(1,269)(670) 
Loss before gain (loss) on sale of properties:(1,269)(670) 
Net income (loss) available to common stockholders, diluted:2,079(1,269)(670) 

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):2,079(1,269)(670) 
Other comprehensive income (loss)(1,017)(886)939 
Comprehensive income (loss), net of tax, attributable to parent:1,062(2,155)269 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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