Bausch Health Companies Inc. (BHC) financial statements (2022 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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5826053,243721720542597
Cash and cash equivalents5826053,243721720542597
Restricted cash and investments 1,2111277  
Receivables1,7751,5771,8391,8652,1302,5172,687
Inventory, net of allowances, customer advances and progress billings9931,0941,1079341,0481,0611,257
Inventory9931,0941,1079341,0481,0611,257
Prepaid expense    7820
Disposal group, including discontinued operation     261 
Other undisclosed current assets2,257855779689764688946
Total current assets:5,6075,3426,9694,2114,7465,0775,507
Noncurrent Assets
Property, plant and equipment1,5981,5671,4661,3531,4031,3121,442
Intangible assets, net (including goodwill)19,40521,48923,32725,14330,80434,67841,636
Goodwill12,45713,04413,12613,14215,59315,79418,553
Intangible assets, net (excluding goodwill)6,9488,44510,20112,00115,21118,88423,083
Disposal group, including discontinued operation, noncurrent assets    122,132 
Deferred income tax assets2,2522,1371,690✕✕✕✕
Other noncurrent assets34066441110999184224
Other undisclosed noncurrent assets   1,676433146156
Total noncurrent assets:23,59525,85726,89428,28132,75138,45243,457
TOTAL ASSETS:29,20231,19933,86332,49237,49743,52948,965
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,1984,9135,0143,6084,0593,4994,293
Accounts payable407337503411365324434
Accrued liabilities4,7914,5764,5113,1973,6943,1753,859
Debt  1,2342282091823
Disposal group, including discontinued operation     57 
Business combination, contingent consideration, liability     52197
Total current liabilities:5,1984,9136,2483,8364,2683,6095,313
Noncurrent Liabilities
Long-term debt and lease obligation22,65423,92524,66124,07725,23529,84530,265
Long-term debt, excluding current maturities22,65423,92524,66124,07725,23529,84530,265
Liabilities, other than long-term debt1,1821,5401,5568798906,8176,398
Deferred tax liabilities, net✕✕✕  5,4345,902
Deferred income tax liabilities529528705✕✕✕✕
Liability for uncertainty in income taxes     184120
Liability, pension and other postretirement and postemployment benefits     195190
Estimated litigation liability    20  
Disposal group, including discontinued operation, liabilities     57 
Other liabilities6531,012851581526107185
Business combination, contingent consideration, liability   298344840 
Other undisclosed noncurrent liabilities2022162628851,160 959
Total noncurrent liabilities:24,03825,68126,47925,84127,28536,66237,622
Total liabilities:29,23630,59432,72729,67731,55340,27142,935
Stockholders' equity
Stockholders' equity attributable to parent(106)5351,0632,7335,8493,1525,911
Common stock10,31710,22710,17210,12110,09010,0389,897
Additional paid in capital462454429413380351305
Accumulated other comprehensive loss(1,924)(2,133)(2,086)(2,137)(1,896)(2,108)(1,542)
Accumulated deficit(8,961)(8,013)(7,452)(5,664)(2,725)(5,129)(2,750)
Stockholders' equity attributable to noncontrolling interest7270738295106119
Total stockholders' equity:(34)6051,1362,8155,9443,2586,030
TOTAL LIABILITIES AND EQUITY:29,20231,19933,86332,49237,49743,52948,965

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,4348,0278,6018,3808,7249,67410,447
Revenue, net✕✕✕✕8,7249,67410,447
Cost of revenue(4,661)(4,396)(5,673)(7,287)(4,908)(3,555)(5,485)
Cost of goods and services sold    (2,548)(2,611)(2,585)
Gross profit:3,7733,6312,9281,0933,8166,1194,962
Operating expenses(3,323)(2,955)(3,131)(3,477)(3,714)(6,685)(3,435)
Other operating income (expense), net(373)(454)(1,414)21353 (256)
Other undisclosed operating income (loss)3734541,414(21)(353) 256
Operating income (loss):450676(203)(2,384)102(566)1,527
Nonoperating income (expense)14(17)2034119(33)(100)
Investment income, nonoperating71312111283
Foreign currency transaction gain (loss), before tax7(30)823107(41)(103)
Interest and debt expense(1,426)(1,534)(1,612)(1,685)(1,840)(1,836)(1,563)
Other undisclosed loss from continuing operations before equity method investments, income taxes (59)(42)(119)(122) (20)
Loss from continuing operations before equity method investments, income taxes:(962)(934)(1,837)(4,154)(1,741)(2,435)(155)
Other undisclosed loss from continuing operations before income taxes(62)      
Loss from continuing operations before income taxes:(1,024)(934)(1,837)(4,154)(1,741)(2,435)(155)
Income tax expense (benefit)8737554104,14527(133)
Net income (loss):(937)(559)(1,783)(4,144)2,404(2,408)(288)
Net loss attributable to noncontrolling interest(11)(1)(5)(4) (1)(4)
Net income (loss) available to common stockholders, diluted:(948)(560)(1,788)(4,148)2,404(2,409)(292)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(937)(559)(1,783)(4,144)2,404(2,408)(288)
Other comprehensive income (loss)(130)(45)50(244)217(571)(630)
Comprehensive income (loss):(1,067)(604)(1,733)(4,388)2,621(2,979)(917)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12)(3)(4)(1)(4)4(0)
Comprehensive income (loss), net of tax, attributable to parent:(1,079)(607)(1,737)(4,389)2,617(2,975)(917)

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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