Bausch+Lomb Results Presentation Deck
Non-GAAP Adjustments EPS Impact ($M) 2,3
Three Months Ended
December 31,
Net (loss) income attributable to Bausch + Lomb
Corporation
Non-GAAP adjustments:
Amortization of intangible asset
Asset impairments
Restructuring, integration and transformation costs
Acquired in-process research and development costs
Acquisition-related costs and adjustments (excluding
amortization of intangible assets)
Separation costs and separation-related costs
Litigation and other matters
Other
Tax effect of non-GAAP adjustments
Adjusted net come attributable to Bausch +
Lomb Corporation (non-GAAP)¹
BAUSCH + LOMB
INST
4
Income
(Expense)
$
$
2022
(1)
56
21
1
7
1
(5)
80
Earnings per
Share Impact
$
0.16
0.06
0.02
(0.01)
0.23
Income
(Expense)
$
$
2021
51
67
1
4
4
1
(1)
7
(13)
121
Earnings per
Share Impact
0.15
$
This is a non-GAAP measure or non-GAAP ratio. See Slide 2 and Non-GAAP Appendix for further information on non-GAAP measures and ratios.
Except per share amounts.
0.19
0.01
0.01
0.02
(0.03)
0.35
Income
(Expense)
$
$
6
244
1
36
2022
(4)
35
1
6
50
375
Twelve Months Ended
December 31,
Earnings per
Share Impact
$
0.02
0.70
0.10
(0.01)
0.10
0.02
0.14
1.07
Income
(Expense)
$
$
2021
182
292
12
11
5
3
(1)
7
(57)
454
Earnings per
Share Impact
$
0.52
On a proforma basis after giving effect to the IPO.
Prior to 2022, in calculating Adjusted Net Income and Adjusted EPS, the Company had excluded expenses associated with acquired IPR&D. Beginning in 2022, the Company no longer excludes acquired IPR&D in its calculation of Adjusted Net Income or Adjusted
EPS. The Company is making this change to align with evolving practice in this regard. The Company is making this change for 2022 periods and onwards and has not made this change for periods prior to 2022. The Company believes these costs are not material for
the periods presented. In particular, there was no acquired IPR&D in the fourth quarter of 2022 and there was less then $1 million in aggregate acquired IPR&D for the twelve months ended December 31, 2022. For 2021, there was $4 million in the fourth quarter of
2021 and there was $5 million in aggregate acquired IPR&D for the twelve months ended December 31, 2021.
0.83
0.03
0.03
0.01
I
0.01
0.02
(0.15)
1.30
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