Jun 30, 2020

Bausch Health Q2 2020 Earnings Report

Announced second-quarter 2020 financial results, which were meaningfully impacted by the COVID-19 pandemic.

Key Takeaways

Bausch Health reported revenues of $1.664 billion for Q2 2020, a decrease of 23% compared to Q2 2019, primarily due to the impact of the COVID-19 pandemic. The company had a GAAP net loss of $326 million and an adjusted EBITDA of $622 million. They also narrowed their 2020 full-year revenue and adjusted EBITDA guidance ranges.

Revenues of $1.664 Billion; Meaningfully Impacted by the COVID-19 Pandemic

GAAP Net Loss of $326 Million

Adjusted EBITDA (non-GAAP) of $622 Million

GAAP Cash Generated from Operations of $200 Million

Total Revenue
$1.66B
Previous year: $2.15B
-22.7%
EPS
$0.46
Previous year: $1.07
-57.0%
Adjusted EBITDA
$622M
Previous year: $880M
-29.3%
Gross Profit
$1.17B
Cash and Equivalents
$896M
Free Cash Flow
$131M
Total Assets
$31.4B

Bausch Health

Bausch Health

Bausch Health Revenue by Segment

Forward Guidance

Bausch Health tightened its revenue and Adjusted EBITDA (non-GAAP) guidance ranges for the full year of 2020, primarily due to the actual and anticipated impacts of the COVID-19 pandemic.

Revenue & Expenses

Visualization of income flow from segment revenue to net income