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VTRS • CIK 0001792044
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | $15,388,400 | $14,692,800 | $14,250,400 | $14,693,800 |
| Revenue Not from Contract with Customer | — | $46,500 | $49,500 | $43,500 |
| Cost of Goods and Services Sold | $8,988,300 | $9,115,700 | $9,286,400 | $9,604,200 |
| Revenues | $15,426,900 | $14,739,300 | $14,299,900 | $14,737,300 |
| Gross Profit | $6,438,600 | $5,623,600 | $5,013,500 | $5,133,100 |
| Operating Income (Loss) | $766,200 | $10,100 | $-2,663,100 | $-87,300 |
| Interest Expense | $573,100 | $550,000 | $471,300 | $480,000 |
| Other Nonoperating Income (Expense) | $9,800 | $-83,300 | $-530,600 | $-94,900 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $202,900 | $-623,200 | $-3,665,000 | $-662,200 |
| Income Tax Expense (Benefit) | $148,200 | $11,000 | $-150,100 | $-251,500 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $54,700 | $-634,200 | $-3,514,900 | $-3,514,900 |
| Research and Development Expense (Excluding Acquired in Process Cost) | $805,200 | $808,700 | $965,900 | $965,900 |
| Other Research and Development Expense | $105,500 | $28,300 | $48,300 | $48,300 |
| Selling, General and Administrative Expense | $4,650,100 | $4,425,600 | $3,794,100 | $3,980,600 |
| Goodwill, Impairment Loss | $581,000 | $321,000 | $2,936,800 | $0 |
| Gain (Loss) Related to Litigation Settlement | $-111,600 | $-350,900 | $68,500 | $-179,300 |
| Operating Expenses | $5,672,400 | $5,613,500 | $7,676,600 | $5,220,400 |
| Weighted Average Number of Shares Outstanding, Basic | 1,208,800,000 | 1,212,100,000 | 1,200,300,000 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 1,208,800,000 | 1,217,400,000 | 1,206,900,000 | — |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | $58,100 | $83,200 | $-78,300 | $-78,300 |
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $-21,000 | $19,000 | $-20,000 | $5,000 |
| Other Comprehensive Income (Loss), Net of Tax | $13,800 | $-465,500 | $505,900 | $-160,400 |
| Weighted Average Basic Shares Outstanding, Pro Forma | 1,200,300,000 | 1,193,300,000 | 1,170,700,000 | 1,170,700,000 |
| Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 6,600,000 | 0 | 0 | 14,400,000 |
| Pro Forma Weighted Average Shares Outstanding, Diluted | 1,206,900,000 | 1,193,300,000 | 1,170,700,000 | 1,170,700,000 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 16,400,000 | 19,900,000 | 28,100,000 | 11,700,000 |
| StockRepurchaseProgramAuthorizedAmount1 | — | $2,000,000 | $2,000,000 | — |
| Stock Repurchased During Period, Shares | 21,200,000 | 19,200,000 | 53,700,000 | 35,100,000 |
| Stock Repurchased During Period, Value | $250,000 | $500,000 | $500,500 | $500,500 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | $991,900 | $734,800 | $1,322,400 | $886,500 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $3,700,400 | $3,221,300 | $3,031,300 | $3,126,200 |
| Property, Plant and Equipment, Net | $2,759,600 | $2,666,100 | $2,614,000 | $2,439,700 |
| Inventory, Net | $3,469,700 | $3,854,100 | $3,999,200 | $3,933,200 |
| Intangible Assets, Net (Excluding Goodwill) | $19,181,100 | $17,070,900 | $15,102,100 | $13,676,900 |
| Prepaid Expense and Other Assets, Current | $2,028,100 | $1,710,500 | $1,436,300 | $2,109,800 |
| Goodwill | $9,867,100 | $9,133,300 | $6,754,700 | $6,654,400 |
| Assets, Current | $12,976,100 | $9,520,700 | $9,789,200 | $10,055,700 |
| Deferred Income Tax Assets, Net | $692,900 | $753,000 | $1,061,200 | $1,157,700 |
| Other Assets, Noncurrent | $2,208,700 | $2,356,900 | $1,871,900 | $1,060,200 |
| Assets | $47,685,500 | $41,500,900 | $37,193,100 | $35,044,600 |
| Long-term Debt, Excluding Current Maturities | $16,188,100 | $14,038,900 | $12,480,600 | $11,612,400 |
| Deferred Income Tax Liabilities, Net | $1,735,700 | $1,107,900 | $892,000 | $802,800 |
| Other Liabilities, Noncurrent | $1,516,900 | $1,939,200 | $2,014,900 | $2,023,200 |
| Liabilities | $27,218,100 | $22,865,400 | $22,481,800 | $20,784,200 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $20,467,400 | $18,635,500 | $14,711,300 | $14,260,400 |
| Accounts Payable, Trade, Current | $1,938,200 | $1,853,700 | $1,754,100 | $1,726,500 |
| Accrued Income Taxes, Current | $226,800 | $192,700 | $124,000 | $0 |
| Long-term Debt, Current Maturities | $1,943,400 | $8,300 | $1,933,300 | $1,738,900 |
| Other Liabilities, Current | $3,393,900 | $3,724,700 | $3,282,900 | $2,880,400 |
| Liabilities, Current | $7,777,400 | $5,779,400 | $7,094,300 | $6,345,800 |
| Common Stock, Value, Issued | $12,200 | $12,300 | $12,500 | $12,600 |
| Additional Paid in Capital | $18,814,700 | $18,921,600 | $18,801,300 | $18,560,400 |
| Retained Earnings (Accumulated Deficit) | $4,639,700 | $3,418,800 | $-388,300 | $-330,700 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-2,747,400 | $-3,212,900 | $-2,707,000 | $-2,824,800 |
| Treasury Stock, Value | $251,800 | $504,300 | $1,007,200 | $1,157,100 |
| Common Stock, Shares Authorized | 3,000,000,000 | 3,000,000,000 | 3,000,000,000 | 3,000,000,000 |
| Inventory Valuation Reserves | $479,300 | $454,500 | $430,500 | $430,500 |
| Capitalized Computer Software, Net | $167,200 | $157,700 | $115,900 | $115,900 |
| Depreciation | $362,100 | $357,000 | $374,600 | $374,600 |
| Restricted Cash and Cash Equivalents, Current | $1,700 | $1,300 | $25,600 | $3,500 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $993,600 | $736,100 | $1,348,000 | $890,000 |
| Inventory, Raw Materials, Net of Reserves | $731,700 | $1,345,900 | $1,422,400 | $1,457,800 |
| Inventory, Work in Process, Net of Reserves | $602,100 | $527,300 | $491,700 | $474,900 |
| Inventory, Finished Goods, Net of Reserves | $2,135,900 | $1,980,900 | $2,085,100 | $2,000,500 |
| Prepaid Expense, Current | $155,900 | $140,900 | $225,400 | $192,100 |
| Debt Securities, Available-for-sale, Current | $37,000 | $38,000 | $40,700 | $40,700 |
| Derivative Asset, Fair Value, Gross Asset | $106,200 | $261,600 | $84,200 | $104,200 |
| EquitySecuritiesFvNiCurrentAndNoncurrent | $49,300 | $55,500 | $65,700 | $65,700 |
| Income Taxes Receivable | $340,200 | $300,700 | $315,800 | $543,300 |
| Other Assets, Current | $271,000 | $387,200 | $136,200 | $139,600 |
| Property, Plant and Equipment, Gross | $4,770,300 | $4,869,300 | $5,134,700 | $5,106,900 |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2,010,700 | $2,203,200 | $2,520,700 | $2,667,200 |
| Operating Lease, Right-of-Use Asset | $245,600 | $253,100 | $271,300 | $259,100 |
| Accounts Payable, Trade | $1,381,400 | $1,355,300 | $1,293,700 | $1,240,400 |
| Accounts Payable, Other | $556,800 | $498,400 | $460,400 | $486,100 |
| SupplierFinanceProgramObligation | $65,100 | $41,900 | $34,500 | $34,500 |
| SupplierFinanceProgramObligationIncrease | — | $157,500 | $162,600 | $162,600 |
| SupplierFinanceProgramObligationDecreaseSettlement | — | $180,700 | $170,000 | $170,000 |
| Employee-related Liabilities, Current | $844,500 | $729,300 | $756,400 | $600,700 |
| Estimated Litigation Liability, Current | $244,000 | $472,800 | $326,300 | $303,000 |
| Business Combination, Contingent Consideration, Liability, Current | — | $59,500 | $28,500 | $18,900 |
| Restructuring Reserve, Current | $36,400 | $63,400 | $40,200 | $52,200 |
| Interest Payable, Current | $66,800 | $49,900 | $52,900 | $43,800 |
| Derivative Liability, Current | — | — | $166,600 | $166,600 |
| Operating Lease, Liability, Current | $83,000 | $87,100 | $109,400 | $115,300 |
| Other Accrued Liabilities, Current | $898,400 | $1,147,500 | $791,400 | $745,600 |
| Liability, Defined Benefit Pension Plan, Noncurrent | $504,300 | $467,900 | $425,900 | $413,600 |
| Business Combination, Contingent Consideration, Liability, Noncurrent | — | $496,600 | $343,100 | $444,700 |
| Liability for Uncertainty in Income Taxes, Noncurrent | $399,300 | $341,900 | $332,600 | $294,900 |
| Operating Lease, Liability, Noncurrent | $165,400 | $179,300 | $178,100 | $159,800 |
| Restructuring Reserve, Noncurrent | $59,200 | $128,500 | $116,300 | $152,400 |
| Other Sundry Liabilities, Noncurrent | — | $325,000 | $618,900 | $557,800 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $54,700 | $-634,200 | $-3,514,900 | $-3,514,900 |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $-2,500 | $-30,700 | $17,600 | $-13,400 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-268,900 | $-257,500 | $611,900 | $322,200 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $993,600 | $736,100 | $1,348,000 | $2,397,400 |
| Depreciation, Depletion and Amortization | $2,740,500 | $2,893,200 | $2,798,300 | $2,803,700 |
| Payments to Acquire Businesses, Net of Cash Acquired | $667,700 | $350,000 | $0 | $0 |
| Deferred Income Tax Expense (Benefit) | $-387,100 | $-767,600 | $-476,500 | $-579,600 |
| Payments to Acquire Property, Plant, and Equipment | $377,000 | $326,000 | $378,800 | $376,000 |
| Payments for (Proceeds from) Other Investing Activities | $97,500 | $20,800 | $35,500 | $98,500 |
| Gain (Loss) on Disposition of Business | $-239,900 | $-399,500 | $-101,000 | $-34,200 |
| Proceeds from Sale of Property, Plant, and Equipment | $14,000 | $2,700 | $34,900 | $34,900 |
| Share-based Payment Arrangement, Noncash Expense | $180,700 | $146,100 | $177,700 | $172,300 |
| Proceeds from Divestiture of Businesses | $364,100 | $2,507,100 | $2,500 | $2,500 |
| Goodwill, Impairment Loss | $581,000 | $321,000 | $2,936,800 | $0 |
| Payments to Acquire Marketable Securities | $26,300 | $26,000 | $23,900 | $29,800 |
| Other Noncash Income (Expense) | $-595,400 | $-297,700 | $-969,300 | $-620,300 |
| Net Cash Provided by (Used in) Investing Activities | $-764,100 | $1,800,700 | $-427,700 | $-84,300 |
| Proceeds from Issuance of Long-term Debt | $300 | $0 | $0 | $1,302,800 |
| Repayments of Long-term Debt | $1,250,200 | $3,713,700 | $100 | $2,225,100 |
| Payments of Financing Costs | $500 | $4,800 | $1,500 | $3,500 |
| Proceeds from (Repayments of) Short-term Debt | $300 | $0 | $200 | $-1,200 |
| Payments for Repurchase of Common Stock | $250,000 | $250,000 | $500,500 | $300,100 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $38,200 | $53,300 | $30,200 | $57,500 |
| Payments of Merger Related Costs, Financing Activities | $8,400 | $31,500 | $13,100 | $11,400 |
| Payments to Noncontrolling Interests | $575,600 | $574,800 | $561,200 | $557,500 |
| Proceeds from Issuance of Common Stock | $3,100 | $2,500 | $2,600 | $2,500 |
| Proceeds from (Payments for) Other Financing Activities | $-173,000 | $295,200 | $-190,100 | $-59,900 |
| Net Cash Provided by (Used in) Financing Activities | $-2,301,900 | $-4,330,400 | $-1,293,900 | $-1,910,900 |
| Increase (Decrease) in Accounts Receivable | $-78,600 | $-300,100 | $-334,600 | $76,600 |
| Increase (Decrease) in Inventories | $613,300 | $723,400 | $106,400 | $96,200 |
| Increase (Decrease) in Accounts Payable, Trade | $314,700 | $36,000 | $-168,000 | $33,200 |
| Increase (Decrease) in Income Taxes Payable | $-76,700 | $219,300 | $-112,900 | $-168,800 |
| Increase (Decrease) in Other Operating Assets and Liabilities, Net | $414,600 | $150,600 | $633,700 | $224,000 |
| Net Cash Provided by (Used in) Operating Activities | $2,799,600 | $2,302,900 | $2,315,900 | $2,330,800 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $611,600 | $561,100 | $492,600 | $492,600 |