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Condensed Consolidated Statements of Cash Flows
$ in Millions
9 Months Ended
Sep. 27, 2024
USD ($)
Sep. 29, 2023
USD ($)
Dec. 30, 2022
USD ($)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ (0.6) $ (1.7)  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 135.6 (14.7)  
Depreciation and amortization 93.5 423.2  
Deferred income taxes 22.9 475.5  
Reorganization Items, non-cash 0.0 1,294.1  
(Amortization) accretion expense on debt premium/discount and settlement obligation (3.6) 176.7  
Other Noncash Income (Expense) (18.9) (11.6)  
Increase (Decrease) in Accounts Receivable 16.5 23.8  
Increase (Decrease) in Inventories (222.1) (99.1)  
Accounts payable (5.6) (31.2)  
Income taxes (7.1) 168.7  
Increase (Decrease) in Other Operating Assets and Liabilities, Net (13.6) 46.8  
Net Cash Provided by (Used in) Operating Activities 185.7 (297.7)  
Payments to Acquire Property, Plant, and Equipment 71.5 41.9  
Payments for (Proceeds from) Other Investing Activities (4.2) (1.1)  
Net Cash Provided by (Used in) Investing Activities (44.7) (40.8)  
Issuance of external debt 0.0 380.0  
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security 4.4 52.0  
Debt financing costs 0.0 (2.4)  
Net Cash Provided by (Used in) Financing Activities (4.8) 325.5  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 132.6 (14.7)  
Cash and cash equivalents 410.5 389.8  
Restricted Cash and Investments, Current 23.9 22.9  
Restricted Cash and Investments, Noncurrent 41.6 39.3  
Adjustments to reconcile net cash from operating activities:      
Depreciation and amortization 93.5 423.2  
Deferred income taxes 22.9 475.5  
Other non-cash items 18.9 11.6  
Non-cash impairment charges 0.0 135.9  
Opioid-Related Litigation Settlement liability 0.0 (250.0)  
Changes in assets and liabilities:      
Accounts receivable, net (16.5) (23.8)  
Inventories 222.1 99.1  
Accounts payable (5.6) (31.2)  
Income taxes (7.1) 168.7  
Other 13.6 (46.8)  
Net Cash Provided by (Used in) Operating Activities 185.7 (297.7)  
Cash Flows From Investing Activities:      
Capital expenditures (71.5) (41.9)  
Other 4.2 1.1  
Net Cash From Investing Activities (44.7) (40.8)  
Cash Flows From Financing Activities:      
Repayment of debt (4.4) (52.0)  
Net Cash Provided From Financing Activities (4.8) 325.5  
Net change in cash, cash equivalents and restricted cash, including cash classified within assets held for sale 132.6 (14.7)  
Disposal Group, Including Discontinued Operations, Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (3.0) 0.0  
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 476.0 452.0 $ 466.7
Cash and cash equivalents, end of period 410.5 389.8  
Proceeds from Sale of Restricted Investments 22.6 0.0  
Acthar Gel-Related Litigation Settlement liability (21.4) (16.5)  
Other (0.4) (0.1)  
Retained Earnings (Deficit)      
Net loss (134.9) (2,721.9)  
Cash Flows From Operating Activities:      
Net loss (134.9) (2,721.9)  
Additional Paid-In Capital      
Share-based compensation 3.8 7.7  
Adjustments to reconcile net cash from operating activities:      
Share-based compensation $ 3.8 $ 7.7