Bausch + Lomb (BLCO) financial statements
Bausch + Lomb reported revenue of $5.1B in fiscal 2025, up 8.4% a year over 5 years.
Net income was -$360M and the operating margin 2.2%, against 7.6% in 2020.
Free cash flow was -$66M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Bausch + Lomb's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.8B | $3.8B | $4.1B | $4.8B | $5.1B |
| Research and development | $253M | $271M | $307M | $324M | $343M | $371M |
| Selling, general and admin | $1.3B | $1.4B | $1.5B | $1.7B | $2.1B | $2.2B |
| Operating income | $260M | $329M | $207M | $130M | $162M | $113M |
| Interest expense | $0 | $0 | $146M | $283M | $399M | $421M |
| Pre-tax income | $290M | $318M | $73M | -$166M | -$234M | -$317M |
| Income tax | $307M | $125M | $58M | $82M | $71M | $35M |
| Net income | -$18M | $182M | $6M | -$260M | -$317M | -$360M |
| EPS (diluted) | -$0.05 | $0.52 | $0.02 | -$0.74 | -$0.90 | -$1.02 |
| Diluted shares | 350M | 350M | 350M | 350M | 352M | 354M |
| Operating margin | 7.6% | 8.7% | 5.5% | 3.1% | 3.4% | 2.2% |
| Net margin | -0.5% | 4.8% | 0.2% | -6.3% | -6.6% | -7.1% |
Balance sheet
Fiscal years, from Bausch + Lomb's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $238M | $174M | $354M | $331M | $305M | $383M |
| Receivables | — | $721M | $724M | $839M | $1.0B | $1.2B |
| Inventory | — | $572M | $628M | $1.0B | $1.0B | $976M |
| Total current assets | — | $1.6B | $2.1B | $2.7B | $2.8B | $3.0B |
| Property, plant and equipment | — | $1.2B | $1.3B | $1.4B | $1.5B | $1.8B |
| Goodwill | $4.7B | $4.6B | $4.5B | $4.6B | $4.5B | $4.8B |
| Total assets | — | $10.8B | $11.1B | $13.4B | $13.5B | $14.0B |
| Total current liabilities | — | $1.1B | $1.3B | $1.6B | $1.7B | $1.9B |
| Long-term debt | — | $0 | $2.4B | $4.5B | $4.7B | $5.0B |
| Total liabilities | — | $1.4B | $4.0B | $6.5B | $6.9B | $7.5B |
| Shareholders' equity | $10.0B | $9.3B | $7.0B | $6.8B | $6.5B | $6.4B |
| Net debt | -$238M | -$174M | $2.1B | $4.2B | $4.5B | $4.7B |
Cash flow
Fiscal years, from Bausch + Lomb's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $522M | $873M | $345M | -$17M | $232M | $283M |
| Capital spending | $253M | $193M | $175M | $181M | $291M | $349M |
| Free cash flow | $269M | $680M | $170M | -$198M | -$59M | -$66M |
| Stock-based compensation | $50M | $62M | $62M | $74M | $92M | $149M |
| Net borrowing | $0 | $0 | $2.4B | $2.1B | $201M | $261M |
| Free cash flow margin | 7.9% | 18.1% | 4.5% | -4.8% | -1.2% | -1.3% |
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Open BLCO in InvestinglyQuestions
What was Bausch + Lomb's revenue in 2025?
$5.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Bausch + Lomb generate?
-$66M in fiscal 2025 (operating cash flow minus capital spending).
From Bausch + Lomb's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.