Bausch Health Companies Inc. (BHC) financial statements (2021 and earlier)

Company profile

Business Address 2150 ST. ELZEAR BLVD. WEST
QUEBEC, QC H7L 4A8
State of Incorp. NJ
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6053,243721720542597323
Cash and cash equivalents6053,243721720542597323
Restricted cash and investments1,2111277   
Receivables1,5771,8391,8652,1302,5172,6872,076
Inventory, net of allowances, customer advances and progress billings1,0941,1079341,0481,0611,257951
Inventory1,0941,1079341,0481,0611,257951
Prepaid expense   7820 
Disposal group, including discontinued operation    261 9
Deferred tax assets✕✕    193
Other undisclosed current assets855779689764688946642
Total current assets:5,3426,9694,2114,7465,0775,5074,193
Noncurrent Assets
Property, plant and equipment1,5671,4661,3531,4031,3121,4421,311
Intangible assets, net (including goodwill)21,48923,32725,14330,80434,67841,63620,602
Goodwill13,04413,12613,14215,59315,79418,5539,346
Intangible assets, net (excluding goodwill)8,44510,20112,00115,21118,88423,08311,256
Disposal group, including discontinued operation, noncurrent assets   122,132  
Deferred income tax assets2,1371,690✕✕✕✕✕
Other noncurrent assets66441110999184224193
Other undisclosed noncurrent assets  1,67643314615654
Total noncurrent assets:25,85726,89428,28132,75138,45243,45722,160
TOTAL ASSETS:31,19933,86332,49237,49743,52948,96526,353
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,9135,0143,6084,0593,4994,2933,127
Accounts payable337503411365324434398
Accrued liabilities4,5764,5113,1973,6943,1753,8592,179
Employee-related liabilities      205
Taxes payable      148
Interest and dividends payable      197
Debt 1,23422820918237
Restructuring reserve      67
Liability for uncertainty in income taxes      7
Estimated litigation liability      8
Disposal group, including discontinued operation    57  
Business combination, contingent consideration, liability    52197142
Deferred tax liabilities✕✕    11
Other undisclosed current liabilities      (637)
Total current liabilities:4,9136,2483,8364,2683,6095,3132,731
Noncurrent Liabilities
Long-term debt and lease obligation23,92524,66124,07725,23529,84530,26515,254
Long-term debt, excluding current maturities23,92524,66124,07725,23529,84530,26515,254
Liabilities, other than long-term debt1,5401,5568798906,8176,3982,767
Deferred tax liabilities, net✕✕  5,4345,9022,228
Deferred income tax liabilities528705✕✕✕✕✕
Liability for uncertainty in income taxes    184120103
Liability, pension and other postretirement and postemployment benefits    195190240
Estimated litigation liability   20   
Disposal group, including discontinued operation, liabilities    57  
Other liabilities1,012851581526107185197
Business combination, contingent consideration, liability  298344840  
Other undisclosed noncurrent liabilities2162628851,160 959167
Total noncurrent liabilities:25,68126,47925,84127,28536,66237,62218,188
Total liabilities:30,59432,72729,67731,55340,27142,93520,919
Stockholders' equity
Stockholders' equity attributable to parent5351,0632,7335,8493,1525,9115,312
Common stock10,22710,17210,12110,09010,0389,8978,349
Additional paid in capital454429413380351305244
Accumulated other comprehensive loss(2,133)(2,086)(2,137)(1,896)(2,108)(1,542)(916)
Accumulated deficit(8,013)(7,452)(5,664)(2,725)(5,129)(2,750)(2,365)
Stockholders' equity attributable to noncontrolling interest70738295106119122
Total stockholders' equity:6051,1362,8155,9443,2586,0305,435
TOTAL LIABILITIES AND EQUITY:31,19933,86332,49237,49743,52948,96526,353

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,0278,6018,3808,7249,67410,4478,264
Revenue, net✕✕✕8,7249,67410,4478,264
Cost of revenue(4,396)(5,673)(7,287)(4,908)(3,555)(5,485)(2,255)
Cost of goods and services sold   (2,548)(2,611)(2,585)(2,255)
Gross profit:3,6312,9281,0933,8166,1194,9626,009
Operating expenses(2,955)(3,131)(3,477)(3,714)(6,685)(3,435)(4,121)
Other operating income (expense), net(454)(1,414)21353 (256)269
Other undisclosed operating income (loss)4541,414(21)(353) 256(117)
Operating income (loss):676(203)(2,384)102(566)1,5272,040
Nonoperating income (expense)(17)2034119(33)(100)154
Investment income, nonoperating1312111283298
Foreign currency transaction gain (loss), before tax(30)823107(41)(103)(144)
Interest and debt expense(1,534)(1,612)(1,685)(1,840)(1,836)(1,563)(971)
Other undisclosed loss from continuing operations before equity method investments, income taxes(59)(42)(119)(122) (20)(130)
Income (loss) from continuing operations before income taxes:(934)(1,837)(4,154)(1,741)(2,435)(155)1,093
Income tax expense (benefit)37554104,14527(133)(180)
Net income (loss):(559)(1,783)(4,144)2,404(2,408)(288)912
Net income (loss) attributable to noncontrolling interest(1)(5)(4) (1)(4)1
Net income (loss) available to common stockholders, diluted:(560)(1,788)(4,148)2,404(2,409)(292)914

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(559)(1,783)(4,144)2,404(2,408)(288)912
Other comprehensive income (loss)(45)50(244)217(571)(630)(690)
Other undisclosed comprehensive loss      (94)
Comprehensive income (loss):(604)(1,733)(4,388)2,621(2,979)(917)128
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(4)(1)(4)4(0)3
Comprehensive income (loss), net of tax, attributable to parent:(607)(1,737)(4,389)2,617(2,975)(917)130

Statements sources

The financial statements are based on the company's filings with the 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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