Perrigo (PRGO) Financials

$24.80 -0.44 (-1.73%)

As of 03:06 PM Eastern

Annual Income Statements for Perrigo

This table shows Perrigo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	136	-4,013	120	131	146	-163	-69	-141	-13	-172
Consolidated Net Income / (Loss)	136	-4,013	120	131	146	-163	-69	-141	-13	-172
Net Income / (Loss) Continuing Operations	136	-4,013	120	131	159	44	-131	-131	-4.40	-161
Total Pre-Tax Income	260	-4,848	280	291	148	5.90	259	-139	-8.30	-81
Total Operating Income	673	-2,000	598	237	175	265	410	79	152	113
Total Gross Profit	1,644	2,052	1,980	1,832	1,434	1,495	1,416	1,455	1,680	1,543
Total Revenue	4,227	5,281	4,946	4,732	3,870	4,088	4,139	4,452	4,656	4,373
Operating Revenue	4,227	5,281	4,946	4,732	3,870	4,088	4,139	4,452	4,656	4,373
Total Cost of Revenue	2,583	3,229	2,967	2,900	2,436	2,593	2,723	2,996	2,975	2,831
Operating Cost of Revenue	2,583	3,229	2,967	2,900	2,436	2,593	2,723	2,996	2,975	2,831
Total Operating Expenses	972	4,052	1,381	1,595	1,259	1,230	1,006	1,377	1,529	1,430
Selling, General & Admin Expense	385	452	461	436	477	479	482	512	522	468
Marketing Expense	319	665	685	596	621	546	536	585	642	547
Research & Development Expense	188	184	168	219	119	122	122	123	123	112
Other Operating Expenses / (Income)	68	88	-41	99	2.90	81	-325	114	110	104
Impairment Charge	6.80	2,631	48	224	14	0.00	173	0.00	90	89
Restructuring Charge	5.10	31	61	21	26	3.20	17	43	42	110
Total Other Income / (Expense), net	-412	-2,849	-318	54	-27	-259	-152	-218	-160	-194
Interest Expense	157	218	303	129	118	148	125	8.90	-3.20	6.70
Interest & Investment Income	-	-	-	-	-	-	-	-156	-174	-188
Other Income / (Expense), net	-256	-2,631	-15	183	91	-112	-27	-53	10	0.90
Income Tax Expense	124	-836	161	160	-11	-38	390	-8.20	-3.90	80
Net Income / (Loss) Discontinued Operations	-	-	-	-	-13	-207	62	-9.70	-8.30	-11
Basic Earnings per Share	$0.97	($28.01)	$0.84	$0.95	$1.07	($1.20)	($0.52)	($1.04)	($0.09)	($1.25)
Weighted Average Basic Shares Outstanding	139.30M	143.30M	142.30M	137.80M	136M	136.10M	133.60M	134.50M	135.30M	137.40M
Diluted Earnings per Share	$0.97	($28.01)	$0.84	$0.95	$1.07	($1.19)	($0.52)	($1.04)	($0.09)	($1.25)
Weighted Average Diluted Shares Outstanding	139.80M	143.30M	142.60M	138.30M	136.50M	137.20M	133.60M	134.50M	135.30M	137.40M
Weighted Average Basic & Diluted Shares Outstanding	147.90M	143.30M	142.40M	140.90M	136.13M	133.10M	133.78M	134.65M	135.52M	136.46M
Cash Dividends to Common per Share	$0.46	$0.58	$0.64	$0.76	$0.82	$0.90	$0.96	$1.04	$1.09	$1.10

This table shows Perrigo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-49	-24	-3.00	8.40	14	-32	2.00	-108	-21	-44
Consolidated Net Income / (Loss)	-49	-24	-3.00	8.40	14	-32	2.00	-108	-21	-44
Net Income / (Loss) Continuing Operations	-52	-13	-1.10	8.90	15	-28	4.10	-106	-18	-42
Total Pre-Tax Income	-3.50	-14	4.30	23	19	-54	-99	-74	22	70
Total Operating Income	33	31	49	57	62	-16	-55	-27	80	114
Total Gross Profit	363	383	414	428	411	427	358	395	404	386
Total Revenue	1,100	1,155	1,182	1,193	1,124	1,157	1,082	1,066	1,088	1,138
Operating Revenue	1,100	1,155	1,182	1,193	1,124	1,157	1,082	1,066	1,088	1,138
Total Cost of Revenue	737	773	768	765	713	730	724	671	683	752
Operating Cost of Revenue	737	773	768	765	713	730	724	671	683	752
Total Operating Expenses	330	352	365	371	349	443	413	421	324	272
Selling, General & Admin Expense	106	126	135	133	126	129	130	126	117	95
Marketing Expense	145	154	168	171	150	153	150	175	129	92
Research & Development Expense	30	33	31	32	30	30	29	29	26	28
Other Operating Expenses / (Income)	31	29	28	29	28	25	59	20	19	6.40
Restructuring Charge	19	10	3.40	6.70	16	17	44	37	17	12
Total Other Income / (Expense), net	-37	-45	-44	-34	-43	-39	-43	-48	-59	-44
Other Income / (Expense), net	4.00	-4.40	-0.50	9.70	0.60	0.60	-0.40	-3.40	4.10	0.60
Income Tax Expense	49	-1.70	5.40	14	3.80	-27	-103	32	39	112
Net Income / (Loss) Discontinued Operations	2.70	-11	-1.90	-0.50	-1.20	-4.70	-2.10	-2.70	-3.40	-2.90
Basic Earnings per Share	($0.37)	($0.17)	($0.02)	$0.06	$0.10	($0.23)	$0.01	($0.79)	($0.15)	($0.32)
Weighted Average Basic Shares Outstanding	134.60M	134.50M	134.90M	135.30M	135.50M	135.30M	136.60M	137.10M	137.50M	137.40M
Diluted Earnings per Share	($0.37)	($0.17)	($0.02)	$0.06	$0.10	($0.23)	$0.01	($0.79)	($0.15)	($0.32)
Weighted Average Diluted Shares Outstanding	134.60M	134.50M	134.90M	136.60M	136.90M	135.30M	137.60M	137.10M	137.50M	137.40M
Weighted Average Basic & Diluted Shares Outstanding	134.64M	134.65M	135.33M	135.40M	135.51M	135.52M	136.32M	136.42M	136.43M	136.46M
Cash Dividends to Common per Share	$0.26	$0.26	$0.27	$0.26	$0.27	-	$0.27	$0.27	$0.27	$0.29

This table details how cash moves in and out of Perrigo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-14	205	56	-128	-197	287	1,238	-1,279	151	-193
Net Cash From Operating Activities	855	655	699	593	388	636	156	307	406	363
Net Cash From Continuing Operating Activities	855	655	699	568	388	961	156	307	406	363
Net Income / (Loss) Continuing Operations	136	-4,013	120	131	146	163	-69	-141	-13	-172
Consolidated Net Income / (Loss)	136	-4,013	120	131	146	-163	-69	-141	-13	-172
Depreciation Expense	259	457	445	424	397	385	312	339	360	326
Amortization Expense	0.20	-25	-22	-8.10	-4.40	-2.40	-3.80	-0.70	2.30	8.90
Non-Cash Adjustments To Reconcile Net Income	302	5,294	312	95	169	526	203	133	196	274
Changes in Operating Assets and Liabilities, net	158	-1,059	-156	16	-320	-110	-286	-23	-139	-74
Net Cash From Investing Activities	-2,302	-175	2,338	-127	-596	-188	1,276	-1,959	-78	79
Net Cash From Continuing Investing Activities	-2,302	-175	2,338	-127	-596	-188	1,276	-1,962	-97	74
Purchase of Property, Plant & Equipment	-137	-106	-89	-138	-287	-206	-152	-96	-102	-118
Acquisitions	-2,182	-493	-0.40	0.00	-748	-184	-71	-2,011	0.00	-13
Purchase of Investments	-330	0.00	0.00	-7.50	-	-	-	62	0.00	-48
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	-	26	4.40	38
Divestitures	0.00	69	155	5.20	183	188	1,492	59	0.00	216
Net Cash From Financing Activities	1,522	-269	-3,005	-572	1.80	-181	-179	422	-187	-611
Net Cash From Continuing Financing Activities	1,522	-269	-3,005	-572	1.80	-181	-179	422	-187	-611
Repayment of Debt	-1,925	-1,374	-2,732	-499	-487	-637	-49	-1,023	-333	-1,550
Payment of Dividends	-65	-83	-91	-105	-112	-124	-130	-142	-150	-153
Issuance of Debt	2,504	1,190	9.10	431	600	744	0.00	1,587	295	1,091
Effect of Exchange Rate Changes	-89	-6.70	-	-22	9.70	20	-16	-49	9.80	-23
Cash Interest Paid	143	205	188	134	137	146	133	217	277	251
Cash Interest Received	1.10	1.20	9.30	5.00	15	12	8.00	58	101	75
Cash Income Taxes Paid	131	140	187	144	136	81	448	100	108	156

This table details how cash moves in and out of Perrigo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024
Net Change in Cash & Equivalents	-17	132	-48	2.20	43	153	-93	-116	921	-905
Net Cash From Operating Activities	59	186	19	53	125	209	-1.40	9.50	42	313
Net Cash From Continuing Operating Activities	-76	186	19	43	134	209	-1.40	13	38	313
Net Income / (Loss) Continuing Operations	-68	-141	-3.00	8.40	14	-32	2.00	-2.00	-127	-45
Consolidated Net Income / (Loss)	-	-	-3.00	8.40	14	-32	2.00	-	-	-45
Depreciation Expense	89	97	89	94	91	86	81	82	82	80
Amortization Expense	1.50	2.10	0.70	0.70	0.40	0.50	0.40	0.30	0.40	7.80
Non-Cash Adjustments To Reconcile Net Income	-96	136	24	15	40	116	60	-4.10	106	113
Changes in Operating Assets and Liabilities, net	-2.20	91	-91	-75	-12	39	-145	-63	-23	156
Net Cash From Investing Activities	-21	-26	-20	-4.40	-31	-23	-24	-73	213	-37
Net Cash From Continuing Investing Activities	-33	-29	-20	-4.40	-31	-43	-24	-73	213	-42
Purchase of Property, Plant & Equipment	-22	-16	-23	-20	-32	-27	-25	-28	-27	-38
Purchase of Investments	-	99	-	-	-	-	-	-	-	-2.40
Sale of Property, Plant & Equipment	-	0.70	1.80	-	-	2.40	-	-	-	4.60
Divestitures	-	-	-	-	-	-	-	-	-	10
Net Cash From Financing Activities	-43	-43	-51	-49	-43	-45	-60	-50	653	-1,154
Net Cash From Continuing Financing Activities	-43	-43	-51	-49	-43	-45	-60	-50	653	-1,154
Repayment of Debt	-9.50	-2.80	-15	-12	-4.40	-302	-23	-12	-402	-1,113
Payment of Dividends	-37	-35	-36	-37	-39	-38	-38	-38	-38	-40
Issuance of Debt	-0.40	-	-	-	-	295	-	-	-	-1.50

This table presents Perrigo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	19,350	13,870	11,629	10,983	11,301	11,488	10,426	11,017	10,809	9,648
Total Current Assets	2,792	2,805	2,820	2,902	2,731	3,134	3,860	2,720	2,833	2,482
Restricted Cash	-	-	-	-	-	-	-	601	751	559
Accounts Receivable	1,189	1,176	1,131	1,073	1,243	594	653	697	740	642
Inventories, net	899	795	807	878	967	1,059	1,020	1,150	1,141	1,082
Prepaid Expenses	286	212	203	400	166	182	306	272	201	199
Plant, Property, & Equipment, net	886	870	833	829	903	865	864	926	916	918
Total Noncurrent Assets	15,672	10,195	7,976	7,252	7,668	7,490	5,702	7,371	7,060	6,248
Goodwill	7,069	4,164	4,266	4,029	4,186	3,103	3,005	3,549	3,534	3,325
Intangible Assets	2,973	3,397	3,291	2,859	2,921	2,482	2,146	3,230	2,981	2,424
Noncurrent Deferred & Refundable Income Taxes	71	72	10	1.20	5.40	41	6.50	7.10	26	5.10
Other Noncurrent Operating Assets	5,558	2,562	410	363	556	502	544	585	519	494
Total Liabilities & Shareholders' Equity	19,350	13,870	11,629	10,983	11,301	11,488	10,426	11,017	10,809	9,648
Total Liabilities	9,243	7,913	5,458	5,315	5,497	5,833	5,274	6,175	6,041	5,328
Total Current Liabilities	2,552	1,836	1,436	1,537	1,336	1,382	1,588	1,114	1,586	1,044
Short-Term Debt	1,061	573	70	190	3.40	37	604	36	441	36
Accounts Payable	556	472	450	475	520	452	411	537	478	495
Accrued Expenses	748	644	651	644	624	312	405	389	499	372
Current Deferred & Payable Income Tax Liabilities	63	32	116	97	32	9.00	17	14	42	17
Current Employee Benefit Liabilities	125	116	149	132	156	153	119	136	127	123
Total Noncurrent Liabilities	6,691	6,076	4,022	3,778	4,162	4,451	3,686	5,062	4,455	4,284
Long-Term Debt	4,972	5,225	3,271	3,052	3,366	3,528	2,917	4,070	3,633	3,582
Noncurrent Deferred & Payable Income Tax Liabilities	1,373	390	322	282	281	276	239	368	262	203
Other Noncurrent Operating Liabilities	346	462	430	443	515	539	530	623	560	499
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	10,107	5,958	6,171	5,668	5,804	5,655	5,152	4,842	4,768	4,319
Total Preferred & Common Equity	10,107	5,958	6,171	5,668	5,804	5,655	5,152	4,842	4,768	4,319
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	10,107	5,958	6,171	5,668	5,804	5,655	5,152	4,842	4,768	4,319
Common Stock	8,143	8,135	7,893	7,422	7,360	7,118	7,043	6,937	6,838	6,734
Retained Earnings	1,980	-2,095	-1,976	-1,838	-1,696	-1,858	-1,927	-2,068	-2,080	-2,252
Accumulated Other Comprehensive Income / (Loss)	-15	-82	253	85	139	395	36	-27	11	-162

This table presents Perrigo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	10/1/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024
Total Assets	10,678	10,955	10,965	10,758	10,640	10,397	11,203
Total Current Assets	2,583	2,741	2,773	2,765	2,806	2,959	3,708
Cash & Equivalents	469	553	555	598	659	543	1,464
Accounts Receivable	708	739	754	738	780	726	786
Inventories, net	1,085	1,183	1,168	1,150	1,121	1,116	1,134
Prepaid Expenses	322	266	296	280	247	282	312
Other Current Nonoperating Assets	0.00	-	-	-	-	292	13
Plant, Property, & Equipment, net	840	919	918	903	911	910	909
Total Noncurrent Assets	7,254	7,295	7,273	7,090	6,923	6,528	6,586
Goodwill	3,492	3,650	3,658	3,555	3,498	3,375	3,427
Intangible Assets	3,003	3,084	3,031	2,941	2,870	2,634	2,655
Noncurrent Deferred & Refundable Income Taxes	7.70	6.10	6.30	6.80	28	14	22
Other Noncurrent Operating Assets	751	555	579	587	526	506	482
Total Liabilities & Shareholders' Equity	10,678	10,955	10,965	10,758	10,640	10,397	11,203
Total Liabilities	6,075	6,121	6,116	6,020	5,953	5,852	6,637
Total Current Liabilities	1,015	1,087	1,057	1,008	1,555	1,488	1,451
Short-Term Debt	34	39	38	38	441	441	441
Accounts Payable	461	505	471	433	454	472	459
Accrued Expenses	380	419	436	419	538	387	395
Current Deferred & Payable Income Tax Liabilities	22	18	7.60	9.80	7.70	12	10
Current Employee Benefit Liabilities	118	107	104	109	114	125	138
Other Current Nonoperating Liabilities	0.00	-	-	-	-	52	8.20
Total Noncurrent Liabilities	5,060	5,034	5,059	5,012	4,399	4,364	5,187
Long-Term Debt	4,078	4,063	4,056	4,049	3,625	3,617	4,313
Noncurrent Deferred & Payable Income Tax Liabilities	409	334	345	349	248	212	214
Other Noncurrent Operating Liabilities	573	638	659	614	526	535	660
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,603	4,834	4,849	4,738	4,687	4,545	4,566
Total Preferred & Common Equity	4,603	4,834	4,849	4,738	4,687	4,545	4,566
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,603	4,834	4,849	4,738	4,687	4,545	4,566
Common Stock	6,964	6,911	6,891	6,864	6,803	6,786	6,764
Retained Earnings	-2,044	-2,071	-2,062	-2,048	-2,078	-2,187	-2,208
Accumulated Other Comprehensive Income / (Loss)	-317	-6.30	20	-78	-38	-54	9.80

This table displays calculated financial ratios and metrics derived from Perrigo's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.00%	24.92%	-6.33%	-4.34%	-18.21%	5.64%	1.24%	7.56%	4.58%	-6.06%
EBITDA Growth	-13.48%	-721.33%	123.96%	-17.02%	-21.18%	-18.52%	29.12%	-47.45%	44.10%	-14.41%
EBIT Growth	-27.25%	-1,210.99%	112.60%	-28.16%	-36.60%	-42.19%	149.80%	-93.28%	529.07%	-29.88%
NOPAT Growth	-19.75%	-498.09%	118.25%	-58.26%	75.71%	960.56%	-110.45%	126.60%	92.52%	-25.67%
Net Income Growth	-41.54%	-3,048.42%	102.98%	9.53%	11.53%	-211.29%	57.63%	-104.06%	90.97%	-1,252.76%
EPS Growth	-51.74%	-2,987.63%	103.00%	13.10%	12.63%	-211.22%	56.30%	-100.00%	91.35%	-1,288.89%
Operating Cash Flow Growth	35.10%	-23.42%	6.72%	-15.15%	-34.60%	64.05%	-75.43%	96.61%	31.96%	-10.51%
Free Cash Flow Firm Growth	40.80%	175.19%	-19.88%	-77.29%	-146.92%	1,466.39%	-98.56%	-2,832.86%	124.81%	116.93%
Invested Capital Growth	41.27%	-29.19%	-20.66%	-5.36%	5.50%	-19.66%	-3.69%	22.33%	-3.09%	-8.79%
Revenue Q/Q Growth	-9.15%	16.80%	-0.97%	-1.82%	-17.83%	20.58%	1.27%	1.14%	0.04%	-0.43%
EBITDA Q/Q Growth	-26.78%	-51.37%	235.75%	7.70%	-28.48%	-9.32%	15.99%	3.74%	-9.39%	41.43%
EBIT Q/Q Growth	-40.58%	-49.29%	149.69%	19.95%	-50.08%	-25.33%	46.90%	-34.85%	-20.36%	815.72%
NOPAT Q/Q Growth	-33.29%	-42.77%	912.68%	-33.85%	-2.66%	642.40%	67.93%	-16.51%	60.28%	772.02%
Net Income Q/Q Growth	-63.78%	-46.77%	109.11%	6.85%	-40.75%	-2,363.64%	72.82%	-31.03%	-209.76%	-7.58%
EPS Q/Q Growth	-65.48%	-47.19%	109.17%	10.47%	-41.21%	-2,280.00%	72.19%	-30.00%	-200.00%	-7.76%
Operating Cash Flow Q/Q Growth	0.66%	-4.60%	1.55%	-3.67%	-21.27%	3.40%	-58.00%	1,820.63%	5.96%	40.12%
Free Cash Flow Firm Q/Q Growth	0.00%	201.45%	-36.65%	-9.17%	-426.19%	705.75%	-95.57%	2.64%	328.92%	117.34%
Invested Capital Q/Q Growth	44.76%	-14.52%	-1.40%	-1.43%	1.08%	-16.95%	2.30%	1.25%	-1.66%	-6.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.90%	38.86%	40.02%	38.71%	37.05%	36.57%	34.22%	32.69%	36.09%	35.27%
EBITDA Margin	15.99%	-79.50%	20.33%	17.64%	17.00%	13.11%	16.72%	8.17%	11.26%	10.26%
Operating Margin	15.91%	-37.87%	12.09%	5.00%	4.51%	6.49%	9.92%	1.77%	3.26%	2.58%
EBIT Margin	9.86%	-87.69%	11.79%	8.86%	6.87%	3.76%	9.27%	0.58%	3.49%	2.60%
Profit (Net Income) Margin	3.22%	-75.99%	2.42%	2.77%	3.78%	-3.98%	-1.66%	-3.16%	-0.27%	-3.93%
Tax Burden Percent	52.29%	82.77%	42.70%	45.08%	98.72%	-2,755.93%	-26.63%	101.08%	153.01%	212.89%
Interest Burden Percent	62.45%	104.70%	48.01%	69.34%	55.70%	3.84%	67.42%	-539.15%	-5.11%	-70.91%
Effective Tax Rate	47.71%	0.00%	57.30%	54.92%	-7.23%	-649.15%	150.60%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	2.62%	-10.43%	2.56%	1.24%	2.18%	24.98%	-2.99%	0.73%	1.29%	1.02%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.75%	-58.86%	-0.91%	2.15%	0.74%	-71.72%	5.96%	-6.84%	-2.19%	-6.84%
Return on Net Nonoperating Assets (RNNOA)	-1.17%	-39.53%	-0.59%	0.97%	0.37%	-27.82%	1.71%	-3.54%	-1.56%	-4.80%
Return on Equity (ROE)	1.45%	-49.96%	1.97%	2.21%	2.55%	-2.84%	-1.28%	-2.81%	-0.26%	-3.78%
Cash Return on Invested Capital (CROIC)	-31.59%	23.75%	25.59%	6.75%	-3.17%	46.78%	0.77%	-19.36%	4.43%	10.22%
Operating Return on Assets (OROA)	2.51%	-27.88%	4.58%	3.71%	2.38%	1.35%	3.50%	0.24%	1.49%	1.11%
Return on Assets (ROA)	0.82%	-24.16%	0.94%	1.16%	1.31%	-1.43%	-0.63%	-1.31%	-0.12%	-1.68%
Return on Common Equity (ROCE)	1.45%	-49.96%	1.97%	2.21%	2.55%	-2.84%	-1.28%	-2.81%	-0.26%	-3.78%
Return on Equity Simple (ROE_SIMPLE)	1.35%	-67.35%	1.94%	2.31%	2.52%	-2.88%	-1.34%	-2.90%	-0.27%	-3.98%
Net Operating Profit after Tax (NOPAT)	352	-1,400	255	107	187	1,987	-208	55	106	79
NOPAT Margin	8.32%	-26.51%	5.16%	2.25%	4.84%	48.60%	-5.02%	1.24%	2.28%	1.81%
Net Nonoperating Expense Percent (NNEP)	5.37%	48.44%	3.47%	-0.91%	1.45%	96.70%	-8.94%	7.56%	3.49%	7.86%
Return On Investment Capital (ROIC_SIMPLE)	2.18%	-11.91%	2.69%	1.20%	2.04%	21.55%	-2.39%	0.62%	1.20%	1.00%
Cost of Revenue to Revenue	61.10%	61.14%	59.98%	61.29%	62.95%	63.43%	65.78%	67.31%	63.91%	64.73%
SG&A Expenses to Revenue	9.12%	8.56%	9.32%	9.21%	12.31%	11.70%	11.65%	11.51%	11.22%	10.70%
R&D to Revenue	4.44%	3.48%	3.39%	4.62%	3.08%	2.98%	2.95%	2.77%	2.63%	2.57%
Operating Expenses to Revenue	22.99%	76.72%	27.93%	33.71%	32.53%	30.08%	24.30%	30.92%	32.83%	32.69%
Earnings before Interest and Taxes (EBIT)	417	-4,631	583	419	266	154	384	26	162	114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	676	-4,198	1,006	835	658	536	692	364	524	449
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	1.66	1.66	0.78	1.04	0.94	0.90	0.87	0.87	0.79
Price to Tangible Book Value (P/TBV)	351.34	0.00	0.00	0.00	0.00	75.26	5,174.67	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.43	1.87	2.08	0.94	1.56	1.31	1.13	0.95	0.89	0.78
Price to Earnings (P/E)	168.57	0.00	85.82	33.95	41.37	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.29%	0.84%	0.88%	2.32%	1.85%	2.30%	2.76%	3.31%	3.56%	4.34%
Earnings Yield	0.59%	0.00%	1.17%	2.95%	2.42%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.82	1.35	1.46	0.85	1.03	1.17	0.93	0.93	0.92	0.88
Enterprise Value to Revenue (EV/Rev)	6.76	2.85	2.61	1.51	2.34	2.02	1.53	1.74	1.60	1.48
Enterprise Value to EBITDA (EV/EBITDA)	42.26	0.00	12.85	8.55	13.77	15.43	9.12	21.27	14.21	14.46
Enterprise Value to EBIT (EV/EBIT)	68.51	0.00	22.16	17.03	34.10	53.84	16.45	299.80	45.88	56.99
Enterprise Value to NOPAT (EV/NOPAT)	81.21	0.00	50.61	66.96	48.36	4.16	0.00	140.05	70.03	82.07
Enterprise Value to Operating Cash Flow (EV/OCF)	33.39	23.01	18.50	12.04	23.36	13.00	40.39	25.17	18.36	17.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.73	5.06	12.30	0.00	2.22	117.47	0.00	20.44	8.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.60	0.97	0.54	0.57	0.58	0.63	0.68	0.85	0.85	0.84
Long-Term Debt to Equity	0.49	0.88	0.53	0.54	0.58	0.62	0.57	0.84	0.76	0.83
Financial Leverage	0.43	0.67	0.65	0.45	0.50	0.39	0.29	0.52	0.71	0.70
Leverage Ratio	1.76	2.07	2.10	1.91	1.94	1.99	2.03	2.15	2.27	2.25
Compound Leverage Factor	1.10	2.17	1.01	1.32	1.08	0.08	1.37	-11.57	-0.12	-1.60
Debt to Total Capital	37.38%	49.32%	35.13%	36.39%	36.73%	38.66%	40.60%	45.89%	46.07%	45.58%
Short-Term Debt to Total Capital	6.57%	4.87%	0.74%	2.13%	0.04%	0.40%	6.96%	0.40%	4.98%	0.46%
Long-Term Debt to Total Capital	30.81%	44.45%	34.39%	34.25%	36.69%	38.26%	33.63%	45.49%	41.09%	45.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	62.63%	50.69%	64.87%	63.61%	63.27%	61.34%	59.40%	54.11%	53.93%	54.42%
Debt to EBITDA	8.93	-1.38	3.32	3.89	5.12	6.65	5.09	11.29	7.77	8.07
Net Debt to EBITDA	8.31	-1.23	2.65	3.22	4.58	5.47	2.39	9.64	6.34	6.82
Long-Term Debt to EBITDA	7.36	-1.24	3.25	3.66	5.12	6.58	4.21	11.19	6.93	7.98
Debt to NOPAT	17.16	-4.14	13.08	30.41	17.99	1.79	-16.95	74.35	38.31	45.78
Net Debt to NOPAT	15.97	-3.70	10.42	25.24	16.09	1.48	-7.97	63.48	31.24	38.71
Long-Term Debt to NOPAT	14.14	-3.73	12.81	28.63	17.97	1.78	-14.05	73.70	34.17	45.32
Altman Z-Score	1.94	-0.10	1.62	0.97	1.02	0.91	1.05	0.73	0.76	0.73
Noncontrolling Interest Sharing Ratio	0.00%	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.53	1.96	1.89	2.04	2.27	2.43	2.44	1.79	2.38
Quick Ratio	0.63	0.98	1.26	1.06	1.20	0.89	1.59	0.63	0.47	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,241	3,189	2,555	580	-272	3,720	54	-1,469	364	790
Operating Cash Flow to CapEx	624.23%	616.67%	788.83%	429.09%	135.22%	309.44%	102.76%	433.43%	416.75%	451.37%
Free Cash Flow to Firm to Interest Expense	-27.10	14.65	8.42	4.52	-2.31	25.19	0.43	-165.02	0.00	117.96
Operating Cash Flow to Interest Expense	5.46	3.01	2.30	4.61	3.29	4.31	1.25	34.53	0.00	54.16
Operating Cash Flow Less CapEx to Interest Expense	4.59	2.52	2.01	3.54	0.86	2.92	0.03	26.56	0.00	42.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.32	0.39	0.42	0.35	0.36	0.38	0.42	0.43	0.43
Accounts Receivable Turnover	3.99	4.47	4.29	4.29	3.34	4.45	6.64	6.60	6.48	6.33
Inventory Turnover	3.38	3.81	3.70	3.44	2.64	2.56	2.62	2.76	2.60	2.55
Fixed Asset Turnover	5.07	6.01	5.81	5.69	4.47	4.63	4.79	4.97	5.05	4.77
Accounts Payable Turnover	5.61	6.28	6.44	6.27	4.90	5.34	6.31	6.32	5.86	5.82
Days Sales Outstanding (DSO)	91.55	81.74	85.11	85.00	109.23	81.99	54.96	55.35	56.32	57.67
Days Inventory Outstanding (DIO)	108.01	95.73	98.54	106.03	138.23	142.63	139.40	132.21	140.54	143.30
Days Payable Outstanding (DPO)	65.01	58.08	56.71	58.21	74.54	68.39	57.84	57.77	62.26	62.72
Cash Conversion Cycle (CCC)	134.54	119.39	126.95	132.82	172.92	156.23	136.53	129.78	134.60	138.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,721	11,133	8,833	8,359	8,819	7,086	6,824	8,348	8,090	7,379
Invested Capital Turnover	0.31	0.39	0.50	0.55	0.45	0.51	0.60	0.59	0.57	0.57
Increase / (Decrease) in Invested Capital	4,593	-4,589	-2,300	-474	460	-1,734	-261	1,524	-258	-711
Enterprise Value (EV)	28,556	15,071	12,927	7,139	9,060	8,269	6,313	7,735	7,446	6,486
Market Capitalization	22,943	9,896	10,264	4,448	6,045	5,336	4,657	4,229	4,124	3,427
Book Value per Share	$69.10	$41.56	$43.81	$41.72	$42.64	$41.43	$38.51	$35.96	$35.19	$31.66
Tangible Book Value per Share	$0.45	($11.18)	($9.84)	($8.98)	($9.57)	$0.52	$0.01	($14.39)	($12.89)	($10.48)
Total Capital	16,139	11,755	9,512	8,911	9,173	9,220	8,672	8,949	8,841	7,938
Total Debt	6,032	5,797	3,341	3,242	3,369	3,565	3,521	4,107	4,073	3,618
Total Long-Term Debt	4,972	5,225	3,271	3,052	3,366	3,528	2,917	4,070	3,633	3,582
Net Debt	5,614	5,175	2,663	2,691	3,015	2,933	1,656	3,506	3,322	3,059
Capital Expenditures (CapEx)	137	106	89	138	287	206	152	71	97	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	882	920	775	1,004	1,044	1,157	1,011	1,042	936	915
Debt-free Net Working Capital (DFNWC)	1,300	1,542	1,454	1,555	1,398	1,789	2,876	1,643	1,687	1,474
Net Working Capital (NWC)	239	969	1,384	1,365	1,395	1,752	2,272	1,606	1,247	1,438
Net Nonoperating Expense (NNE)	216	2,613	136	-24	41	2,149	-139	196	119	251
Net Nonoperating Obligations (NNO)	5,614	5,175	2,663	2,691	3,015	1,430	1,672	3,506	3,322	3,059
Total Depreciation and Amortization (D&A)	259	432	422	416	392	382	308	338	362	335
Debt-free, Cash-free Net Working Capital to Revenue	20.87%	17.41%	15.67%	21.22%	26.97%	28.31%	24.43%	23.40%	20.10%	20.93%
Debt-free Net Working Capital to Revenue	30.75%	29.20%	29.40%	32.86%	36.13%	43.76%	69.49%	36.90%	36.24%	33.71%
Net Working Capital to Revenue	5.66%	18.35%	27.97%	28.84%	36.04%	42.84%	54.90%	36.08%	26.78%	32.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	($28.01)	$0.84	$0.95	$1.07	($1.19)	($0.52)	($1.04)	($0.09)	($1.25)
Adjusted Weighted Average Basic Shares Outstanding	139.30M	143.30M	142.30M	137.80M	136M	136.10M	133.60M	134.50M	135.30M	137.40M
Adjusted Diluted Earnings per Share	$0.92	($28.01)	$0.84	$0.95	$1.07	($1.19)	($0.52)	($1.04)	($0.09)	($1.25)
Adjusted Weighted Average Diluted Shares Outstanding	139.80M	143.30M	142.60M	138.30M	136.50M	136.10M	133.60M	134.50M	135.30M	137.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	146.28M	143.40M	140.83M	135.87M	136.13M	133.10M	133.78M	134.65M	135.52M	136.46M
Normalized Net Operating Profit after Tax (NOPAT)	358	464	495	337	150	188	420	85	199	218
Normalized NOPAT Margin	8.47%	8.78%	10.00%	7.13%	3.88%	4.60%	10.15%	1.91%	4.27%	4.99%
Pre Tax Income Margin	6.16%	-91.81%	5.66%	6.14%	3.82%	0.14%	6.25%	-3.12%	-0.18%	-1.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.66	-21.27	1.92	3.26	2.26	1.04	3.07	2.90	0.00	16.99
NOPAT to Interest Expense	2.25	-6.43	0.84	0.83	1.59	13.45	-1.66	6.21	0.00	11.80
EBIT Less CapEx to Interest Expense	1.79	-21.76	1.63	2.19	-0.18	-0.35	1.85	-5.07	0.00	4.99
NOPAT Less CapEx to Interest Expense	1.37	-6.92	0.55	-0.25	-0.85	12.06	-2.88	-1.76	0.00	-0.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.61%	-2.07%	76.17%	80.08%	76.93%	-76.20%	-188.10%	-101.28%	-1,178.74%	-88.77%
Augmented Payout Ratio	73.84%	-2.33%	236.29%	385.42%	76.93%	-177.18%	-188.10%	-101.28%	-1,178.74%	-88.77%

This table displays calculated financial ratios and metrics derived from Perrigo's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/31/2023	3/30/2024	6/29/2024	9/28/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.51%	4.55%	9.98%	6.37%	2.15%	0.16%	-8.43%	-10.69%	-3.23%	-1.62%
EBITDA Growth	-74.17%	11.62%	49.19%	761.50%	21.24%	-43.16%	-80.93%	-67.54%	8.50%	183.78%
EBIT Growth	-91.16%	-34.16%	110.53%	209.56%	69.00%	-156.02%	-215.83%	-144.96%	34.77%	870.47%
NOPAT Growth	138.14%	-85.64%	-181.68%	565.17%	114.97%	-150.00%	-211.44%	-182.56%	-230.32%	-523.11%
Net Income Growth	16.13%	-346.88%	-25.00%	112.90%	128.74%	-36.29%	166.67%	-1,390.48%	-247.89%	-37.46%
EPS Growth	15.91%	-342.86%	0.00%	112.50%	127.03%	-35.29%	150.00%	-1,416.67%	-250.00%	-39.13%
Operating Cash Flow Growth	-82.78%	276.38%	-75.47%	413.02%	110.30%	12.26%	-107.22%	-82.04%	-66.10%	49.78%
Free Cash Flow Firm Growth	-186.19%	-464.17%	-470.29%	108.56%	104.41%	116.45%	114.35%	373.32%	353.87%	160.45%
Invested Capital Growth	23.61%	22.33%	25.97%	-1.10%	-0.23%	-3.09%	-3.44%	-6.78%	-4.56%	-8.79%
Revenue Q/Q Growth	-1.92%	5.00%	2.29%	0.96%	-5.81%	2.95%	-6.47%	-1.53%	2.06%	4.67%
EBITDA Q/Q Growth	579.68%	-1.02%	9.22%	17.25%	-4.35%	-53.60%	-63.36%	99.62%	219.69%	21.35%
EBIT Q/Q Growth	161.12%	-28.30%	80.45%	38.54%	-5.71%	-123.76%	-273.15%	46.22%	382.61%	35.86%
NOPAT Q/Q Growth	579.71%	-6.34%	-157.18%	281.09%	121.69%	-121.78%	-256.13%	51.99%	-249.92%	-4.16%
Net Income Q/Q Growth	24.12%	52.02%	87.34%	380.00%	69.05%	-327.46%	106.19%	-5,520.00%	80.63%	-111.43%
EPS Q/Q Growth	22.92%	54.05%	88.24%	400.00%	66.67%	-330.00%	104.35%	-8,000.00%	81.01%	-113.33%
Operating Cash Flow Q/Q Growth	450.30%	214.02%	-89.56%	172.68%	135.35%	67.63%	-100.67%	778.57%	344.21%	640.76%
Free Cash Flow Firm Q/Q Growth	-14.27%	3.17%	-15.88%	106.67%	-41.11%	261.28%	1.10%	120.06%	-43.53%	107.32%
Invested Capital Q/Q Growth	-2.79%	1.25%	0.41%	0.06%	-1.92%	-1.66%	0.05%	-3.39%	0.41%	-6.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.98%	33.12%	35.02%	35.87%	36.59%	36.94%	33.06%	37.04%	37.19%	33.90%
EBITDA Margin	11.55%	10.89%	11.63%	13.50%	13.71%	6.18%	2.42%	4.91%	15.37%	17.82%
Operating Margin	3.01%	2.68%	4.10%	4.76%	5.53%	-1.34%	-5.10%	-2.49%	7.39%	10.03%
EBIT Margin	3.37%	2.30%	4.06%	5.57%	5.58%	-1.29%	-5.14%	-2.81%	7.77%	10.09%
Profit (Net Income) Margin	-4.49%	-2.05%	-0.25%	0.70%	1.26%	-2.79%	0.18%	-10.17%	-1.93%	-3.90%
Tax Burden Percent	1,411.43%	165.73%	-69.77%	37.33%	73.96%	59.48%	-2.03%	146.49%	-96.33%	-63.34%
Interest Burden Percent	-9.43%	-53.76%	8.96%	33.83%	30.62%	364.43%	177.34%	247.49%	25.80%	61.06%
Effective Tax Rate	0.00%	0.00%	125.58%	60.44%	19.79%	0.00%	0.00%	0.00%	180.73%	159.20%
Return on Invested Capital (ROIC)	1.24%	1.10%	-0.64%	1.03%	2.50%	-0.53%	-1.97%	-0.95%	-3.26%	-3.36%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.59%	-0.65%	-0.27%	0.64%	1.51%	-1.16%	-0.81%	-3.59%	-1.96%	-2.63%
Return on Net Nonoperating Assets (RNNOA)	-0.83%	-0.34%	-0.14%	0.47%	1.15%	-0.82%	-0.59%	-2.60%	-1.43%	-1.85%
Return on Equity (ROE)	0.41%	0.76%	-0.77%	1.51%	3.65%	-1.36%	-2.56%	-3.55%	-4.69%	-5.21%
Cash Return on Invested Capital (CROIC)	-20.23%	-19.36%	-22.00%	-11.59%	1.03%	4.43%	3.91%	6.71%	4.52%	10.22%
Operating Return on Assets (OROA)	1.37%	0.96%	1.74%	2.36%	2.42%	-0.55%	-2.17%	-1.16%	3.11%	4.31%
Return on Assets (ROA)	-1.83%	-0.85%	-0.11%	0.30%	0.55%	-1.19%	0.08%	-4.22%	-0.77%	-1.67%
Return on Common Equity (ROCE)	0.41%	0.76%	-0.77%	1.51%	3.65%	-1.36%	-2.56%	-3.55%	-4.69%	-5.21%
Return on Equity Simple (ROE_SIMPLE)	-2.33%	0.00%	-2.92%	-1.40%	-0.09%	0.00%	-0.16%	-2.74%	-3.50%	0.00%
Net Operating Profit after Tax (NOPAT)	23	22	-12	22	50	-11	-39	-19	-65	-68
NOPAT Margin	2.11%	1.88%	-1.05%	1.88%	4.43%	-0.94%	-3.57%	-1.74%	-5.97%	-5.94%
Net Nonoperating Expense Percent (NNEP)	2.83%	1.75%	-0.37%	0.39%	1.00%	0.63%	-1.17%	2.64%	-1.30%	-0.73%
Return On Investment Capital (ROIC_SIMPLE)	0.27%	0.24%	-0.14%	0.25%	0.56%	-0.12%	-0.44%	-0.22%	-0.70%	-0.85%
Cost of Revenue to Revenue	67.02%	66.88%	64.98%	64.13%	63.41%	63.06%	66.94%	62.96%	62.81%	66.10%
SG&A Expenses to Revenue	9.63%	10.93%	11.42%	11.11%	11.21%	11.12%	12.05%	11.83%	10.75%	8.31%
R&D to Revenue	2.71%	2.81%	2.63%	2.70%	2.63%	2.56%	2.68%	2.76%	2.39%	2.44%
Operating Expenses to Revenue	29.98%	30.44%	30.91%	31.11%	31.06%	38.28%	38.16%	39.53%	29.79%	23.87%
Earnings before Interest and Taxes (EBIT)	37	27	48	67	63	-15	-56	-30	85	115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	127	126	137	161	154	72	26	52	167	203
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.95	0.87	0.93	0.88	0.86	0.87	0.89	0.74	0.74	0.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.00	0.95	0.98	0.92	0.87	0.89	0.91	0.76	0.77	0.78
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	3.13%	3.31%	3.16%	3.35%	3.58%	3.56%	3.54%	4.40%	4.38%	4.34%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.93	0.96	0.93	0.92	0.92	0.94	0.88	0.85	0.88
Enterprise Value to Revenue (EV/Rev)	1.82	1.74	1.76	1.69	1.62	1.60	1.66	1.55	1.52	1.48
Enterprise Value to EBITDA (EV/EBITDA)	22.90	21.27	19.64	14.18	13.05	14.21	18.34	22.60	21.05	14.46
Enterprise Value to EBIT (EV/EBIT)	202.71	299.80	157.48	43.87	37.03	45.88	129.02	0.00	0.00	56.99
Enterprise Value to NOPAT (EV/NOPAT)	121.35	140.05	108.55	0.00	113.75	70.03	224.47	0.00	0.00	82.07
Enterprise Value to Operating Cash Flow (EV/OCF)	501.71	25.17	32.44	24.63	19.72	18.36	19.69	20.14	25.77	17.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	88.84	20.44	23.50	12.64	18.36	8.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.89	0.85	0.85	0.84	0.86	0.85	0.87	0.89	1.04	0.84
Long-Term Debt to Equity	0.89	0.84	0.84	0.84	0.85	0.76	0.77	0.80	0.94	0.83
Financial Leverage	0.52	0.52	0.51	0.74	0.76	0.71	0.73	0.73	0.73	0.70
Leverage Ratio	2.21	2.15	2.15	2.26	2.29	2.27	2.27	2.27	2.36	2.25
Compound Leverage Factor	-0.21	-1.15	0.19	0.76	0.70	8.28	4.02	5.63	0.61	1.37
Debt to Total Capital	47.18%	45.89%	45.90%	45.78%	46.31%	46.07%	46.45%	47.17%	51.00%	45.58%
Short-Term Debt to Total Capital	0.38%	0.40%	0.43%	0.43%	0.43%	4.98%	5.03%	5.12%	4.73%	0.46%
Long-Term Debt to Total Capital	46.79%	45.49%	45.47%	45.35%	45.88%	41.09%	41.42%	42.04%	46.28%	45.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	52.82%	54.11%	54.10%	54.22%	53.69%	53.93%	53.55%	52.83%	49.00%	54.42%
Debt to EBITDA	11.73	11.29	10.03	7.43	7.07	7.77	9.85	13.34	14.99	8.07
Net Debt to EBITDA	10.39	9.64	8.68	6.42	6.03	6.34	8.25	11.56	10.37	6.82
Long-Term Debt to EBITDA	11.63	11.19	9.93	7.36	7.00	6.93	8.78	11.89	13.60	7.98
Debt to NOPAT	62.15	74.35	55.43	-3.82	61.60	38.31	120.50	-165.14	-404.19	45.78
Net Debt to NOPAT	55.06	63.48	47.96	-3.30	52.58	31.24	100.98	-143.05	-279.74	38.71
Long-Term Debt to NOPAT	61.64	73.70	54.91	-3.79	61.02	34.17	107.44	-147.20	-366.72	45.32
Altman Z-Score	0.77	0.74	0.79	0.79	0.79	0.70	0.70	0.64	0.69	0.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.55	2.44	2.52	2.62	2.74	1.79	1.81	1.99	2.56	2.38
Quick Ratio	1.16	0.63	1.19	1.24	1.33	0.47	0.93	0.85	1.55	0.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,551	-1,502	-1,741	116	68	247	250	550	310	644
Operating Cash Flow to CapEx	274.07%	1,207.14%	90.65%	264.50%	391.51%	858.85%	-5.58%	33.45%	155.72%	944.41%
Free Cash Flow to Firm to Interest Expense	-38.21	0.00	-39.83	0.00	0.00	0.00	5.81	0.00	60.88	0.00
Operating Cash Flow to Interest Expense	1.46	0.00	0.44	0.00	0.00	0.00	-0.03	0.00	8.27	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.93	0.00	-0.05	0.00	0.00	0.00	-0.62	0.00	2.96	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.42	0.43	0.42	0.43	0.43	0.42	0.41	0.40	0.43
Accounts Receivable Turnover	6.32	6.60	6.43	6.16	6.44	6.48	6.00	5.98	5.77	6.33
Inventory Turnover	2.72	2.76	2.75	2.71	2.70	2.60	2.54	2.48	2.46	2.55
Fixed Asset Turnover	5.23	4.97	5.16	5.27	5.34	5.05	4.98	4.84	4.85	4.77
Accounts Payable Turnover	6.84	6.32	6.15	6.33	6.75	5.86	6.11	6.02	6.30	5.82
Days Sales Outstanding (DSO)	57.80	55.35	56.77	59.30	56.69	56.32	60.83	61.00	63.31	57.67
Days Inventory Outstanding (DIO)	133.99	132.21	132.95	134.77	135.12	140.54	143.44	146.89	148.40	143.30
Days Payable Outstanding (DPO)	53.35	57.77	59.37	57.63	54.09	62.26	59.69	60.59	57.95	62.72
Cash Conversion Cycle (CCC)	138.44	129.78	130.35	136.44	137.72	134.60	144.59	147.29	153.77	138.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,245	8,348	8,383	8,388	8,226	8,090	8,094	7,819	7,851	7,379
Invested Capital Turnover	0.59	0.59	0.61	0.55	0.57	0.57	0.55	0.55	0.55	0.57
Increase / (Decrease) in Invested Capital	1,575	1,524	1,728	-94	-19	-258	-289	-568	-375	-711
Enterprise Value (EV)	8,027	7,735	8,031	7,818	7,546	7,446	7,574	6,872	6,676	6,486
Market Capitalization	4,385	4,229	4,483	4,279	4,058	4,124	4,167	3,358	3,386	3,427
Book Value per Share	$34.19	$35.96	$35.90	$35.83	$34.99	$35.19	$34.31	$33.34	$33.47	$31.66
Tangible Book Value per Share	($14.06)	($14.39)	($14.11)	($13.60)	($12.98)	($12.89)	($12.31)	($10.73)	($11.11)	($10.48)
Total Capital	8,714	8,949	8,936	8,943	8,825	8,841	8,753	8,603	9,319	7,938
Total Debt	4,111	4,107	4,102	4,094	4,087	4,073	4,066	4,058	4,753	3,618
Total Long-Term Debt	4,078	4,070	4,063	4,056	4,049	3,633	3,625	3,617	4,313	3,582
Net Debt	3,642	3,506	3,549	3,539	3,488	3,322	3,407	3,515	3,290	3,059
Capital Expenditures (CapEx)	22	15	21	20	32	24	25	28	27	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,133	1,042	1,140	1,199	1,197	936	1,034	1,369	1,235	915
Debt-free Net Working Capital (DFNWC)	1,602	1,643	1,693	1,755	1,795	1,687	1,693	1,912	2,698	1,474
Net Working Capital (NWC)	1,568	1,606	1,654	1,716	1,757	1,247	1,252	1,471	2,257	1,438
Net Nonoperating Expense (NNE)	73	45	-9.41	14	36	21	-41	90	-44	-23
Net Nonoperating Obligations (NNO)	3,642	3,506	3,549	3,539	3,488	3,322	3,407	3,274	3,285	3,059
Total Depreciation and Amortization (D&A)	90	99	89	95	91	86	82	82	83	88
Debt-free, Cash-free Net Working Capital to Revenue	25.74%	23.40%	25.00%	25.90%	25.71%	20.10%	22.70%	30.91%	28.11%	20.93%
Debt-free Net Working Capital to Revenue	36.39%	36.90%	37.13%	37.89%	38.57%	36.24%	37.15%	43.17%	61.43%	33.71%
Net Working Capital to Revenue	35.63%	36.08%	36.28%	37.06%	37.75%	26.78%	27.48%	33.22%	51.39%	32.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.37)	($0.17)	($0.02)	$0.06	$0.10	($0.23)	$0.01	($0.79)	($0.15)	($0.32)
Adjusted Weighted Average Basic Shares Outstanding	134.60M	134.50M	134.90M	135.30M	135.50M	135.30M	136.60M	137.10M	137.50M	137.40M
Adjusted Diluted Earnings per Share	($0.37)	($0.17)	($0.02)	$0.06	$0.10	($0.23)	$0.01	($0.79)	($0.15)	($0.32)
Adjusted Weighted Average Diluted Shares Outstanding	134.60M	134.50M	134.90M	136.60M	136.90M	135.30M	137.60M	137.10M	137.50M	137.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	134.64M	134.65M	135.33M	135.40M	135.51M	135.52M	136.32M	136.42M	136.43M	136.46M
Normalized Net Operating Profit after Tax (NOPAT)	37	29	36	44	62	0.77	-7.63	31	79	88
Normalized NOPAT Margin	3.32%	2.50%	3.07%	3.73%	5.54%	0.07%	-0.71%	2.92%	7.30%	7.77%
Pre Tax Income Margin	-0.32%	-1.24%	0.36%	1.89%	1.71%	-4.69%	-9.11%	-6.95%	2.00%	6.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.91	0.00	1.10	0.00	0.00	0.00	-1.29	0.00	16.57	0.00
NOPAT to Interest Expense	0.57	0.00	-0.28	0.00	0.00	0.00	-0.90	0.00	-12.73	0.00
EBIT Less CapEx to Interest Expense	0.38	0.00	0.61	0.00	0.00	0.00	-1.88	0.00	11.25	0.00
NOPAT Less CapEx to Interest Expense	0.04	0.00	-0.77	0.00	0.00	0.00	-1.48	0.00	-18.04	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-129.36%	-101.28%	-102.27%	-215.66%	-3,597.56%	-1,178.74%	-1,962.34%	-121.93%	-94.24%	-88.77%
Augmented Payout Ratio	-129.36%	-101.28%	-102.27%	-215.66%	-3,597.56%	-1,178.74%	-1,962.34%	-121.93%	-94.24%	-88.77%

Frequently Asked Questions About Perrigo's Financials

When does Perrigo's financial year end?

According to the most recent income statement we have on file, Perrigo's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Perrigo's net income changed over the last 9 years?

Perrigo's net income appears to be on a downward trend, with a most recent value of -$171.80 million in 2024, falling from $136.10 million in 2015. The previous period was -$12.70 million in 2023. See where experts think Perrigo is headed by visiting Perrigo's forecast page.

What is Perrigo's operating income?

Perrigo's total operating income in 2024 was $112.90 million, based on the following breakdown:

Total Gross Profit: $1.54 billion
Total Operating Expenses: $1.43 billion

How has Perrigo revenue changed over the last 9 years?

Over the last 9 years, Perrigo's total revenue changed from $4.23 billion in 2015 to $4.37 billion in 2024, a change of 3.5%.

How much debt does Perrigo have?

Perrigo's total liabilities were at $5.33 billion at the end of 2024, a 11.8% decrease from 2023, and a 42.4% decrease since 2015.

How has Perrigo's book value per share changed over the last 9 years?

Over the last 9 years, Perrigo's book value per share changed from 69.10 in 2015 to 31.66 in 2024, a change of -54.2%.

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This page (NYSE:PRGO) was last updated on 5/6/2025 by MarketBeat.com Staff

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Perrigo (PRGO) Financials

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