Bausch+Lomb Results Presentation Deck
Non-GAAP Adjustments EPS Impact ($M)2,3
Three Months Ended
September 30,
Net (loss) income attributable to Bausch + Lomb
Corporation
Non-GAAP adjustments:
Amortization of intangible assets
Asset impairments
Restructuring, integration and transformation costs
Acquired in-process research and development costs
Acquisition-related costs and adjustments (excluding
amortization of intangible assets)
IT infrastructure investment
Separation costs and separation-related costs
Legal and other professional fees
Other
Tax effect of non-GAAP adjustments
Adjusted net income attributable to Bausch +
Lomb Corporation (non-GAAP)¹
BAUSCH + LOMB
1.
1234
Income
(Expense)
$
$
2022
(18)
59
1
11
15
39
107
Earnings per
Share Impact
$ (0.05)
0.17
0.03
0.04
0.12
0.31
Income
(Expense)
$
$
2021
60
72
8
1
1
(16)
124
Earnings per
Share Impact
0.17
$
0.21
0.02
(0.01)
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.
(0.04)
0.35
Income
(Expense)
$
$
7
188
1
14
2022
(5)
1
28
6
55
295
Nine Months Ended
September 30,
Earnings per
Share Impact
$
0.02
0.54
0.04
(0.01)
0.08
0.02
0.15
0.84
Income
(Expense)
$
$
2021
131
225
11
1
1
6
2
(44)
333
Earnings per
Share Impact
$
0.37
0.64
0.03
0.02
0.01
(0.12)
0.95
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, the amount of acquired IPR&D for the third quarter of 2022 was less than $1 million and there was no acquired IPR&D in either the first or second quarter of 2022. For 2021, there was no acquired IPR&D in the third quarter of 2021
and there was $1 million in aggregate acquired IPR&D for the nine months ended September 30, 2021.
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