viatris annual report

Supporting Viatris Colleagues: An Account of the Early Days of . For more detailed information on the risks and uncertainties associated with Viatris, see the risks described in Part I, Item 1A in the Company's Annual Report on Form 10-K for the year ended . Ensure applicable Annual Report sections follow current formatting and content practices. Therefore, we are reaffirming our adjusted EBITDA and free cash flow guidance ranges despite foreign exchange headwinds. 2019 FY Annual report, 10-K SEC filing by Viatris on 7 May 20, 1:42pm Base business brands increased 1% on an operational basis compared to Q3 2021 results, and performed better than expectations, driven by products such as Lipitor, Brufen, and Creon. &p),!STzQ ZpY6OjC$uZQy.KvTzro%S(J@uSPegg{w\xt2Si|^(345^'~ '&Z\lu endobj party site that is solely responsible for its content, including its /ca 1.0 The Company does not disclose net sales for any products considered competitively sensitive. /CreationDate (D:20211231231355Z) Near You, Search ", Viatris CFO Sanjeev Narula said: "We are extremely pleased with our momentum and how the business is performing after another strong quarter of operational results and free cash flow generation. ET. For financial reporting, their fiscal year ends on December 31st. Oct. 24, 2022 Viatris to Report Financial Results for the Third Quarter 2022 and Provide an Update on its February 28 Investor Event on November 7, 2022 Learn more Oct. 11, 2022 Viatris Named to Forbes' Annual List of the World's Best Employers for the Second Year in a Row Learn more Sep. 6, 2022 Adjusted gross margin is calculated as adjusted gross profit divided by total revenues. Viatris Inc. (NASDAQ: VTRS) is a global pharmaceutical company empowering people worldwide to live healthier at every stage of life. Complex generics and biosimilars performed largely in line with expectations and grew by 11% on an operational basis compared to Q2 2021 results, mainly driven by our interchangeable Semglee launch in the, Generics, which include diversified product forms such as extended-release oral solids, injectables, transdermals and topicals, performed better than expectations driven by higher. from 8 AM - 9 PM ET. Learn about our story, explore our products and browse career opportunities. Earnings Press Release 10-K Annual Report 10-K YoY Changes Annual Proxy Viatris Inc CIK: 1792044 Ticker: VTRS Sections Exhibits Stats Financial Statements, Disclosures and Schedules Inside this 10-K Annual Report Cover Consolidated Balance Sheets Consolidated Balance Sheets (Parenthetical) Consolidated Statements Of Cash Flows Viatris Reports Strong Third Quarter 2022 Results . Represents operational change for net sales and adjusted EBITDA which excludes the impacts of foreign currency translation. certain geographies. It operates through two segments, Enterprise Software Solutions, and Appraisal and Tax Software Solutions and Services. Item 1A in the Company's Annual Report on Form 10-K for the year . Below is a reconciliation of U.S. GAAP net earnings (loss) to EBITDA and adjusted EBITDA for the three and nine months ended September30, 2022 compared to the prior year periods: Net contribution attributable to equity method investments, Restructuring, acquisition related and other special items (c). Change for use in your country. Creating an Integrated Approach to Noncommunicable Diseases: Through Focus on Patient-Centered, Sustainable, Scalable Local Solutions, Long, full, healthy lives: Delivering on the commitment to integrated NCD care for people living with HIV by 2025, Because good health matters to everyone, everywhere. Mylan Announces Appointment of Experienced Pharmaceutical Executive Bill Szablewski as Head of Capital Markets for Viatris. ET, to review the Company's financial results for the first quarter ended March 31, 2022.Investors and the general public are invited to listen to a live webcast of the call at investor.viatris.com or by calling 866.342.8591 or 203.518.9713 for international callers (ID . Based in Plano, Texas. Primarily due to acquisitions and other significant events which may impact comparability of our periodic operating results, Viatris believes that an evaluation of its ongoing operations (and comparisons of its current operations with historical and future operations) would be difficult if the disclosure of its financial results was limited to financial measures prepared only in accordance with U.S. GAAP. their own terms and data protection notices and practices. Viatris routinely posts information that may be important to investors on our website at investor.viatris.com, and we use this website address as a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC's Regulation Fair Disclosure (Reg FD). The "Summary of Total Revenues by Segment" table below compares net sales on an actual and constant currency basis for each reportable segment for the quarters and six months ended June 30, 2022 and 2021 as well as for total revenues. w .$1_Eqx[U+UC'&onk2JV:}1P. You can access Viatris' filings with the SEC through the SEC website at www.sec.gov or through our website, and Viatris strongly encourages you to do so. The "Viatris Q3 Earnings Presentation", which will be referenced during the call, can be found at investor.viatris.com. These measures provide information on the change in total revenues, net sales and adjusted EBITDA assuming that foreign currency exchange rates had not changed between the prior and current period. (NASDAQ: VTRS), a global pharmaceutical company, today announced that it has been named to Forbes' list of World's Best Employers 2022. << Products disclosed may change in future periods, including as a result of seasonality, competition or new product launches. Privacy Notice, California Supply This supports our commitment to maintaining our investment grade rating. Reconciliation of Non-GAAP Financial Measures, Reconciliation of U.S. GAAP Net Earnings (Loss) to Adjusted Net Earnings. << For the three and nine months ended September30, 2022, charges include approximately $8.6 million and $28.4 million, respectively, in cost of sales and approximately $6.4 million and $13.6 million, respectively, in SG&A. Viatris Inc. will host a conference call and live webcast, today at 8:30 a.m. Viatris did not author the report; Viatris leaders provided context and input to help inform the report. Viatris is a publicly traded company that is managed and controlled under the oversight of the companys board of directors. Viatris' portfolio comprises more than 1,400 approved molecules across a wide range of therapeutic areas, spanning both non-communicable and infectious diseases, including globally recognized brands, complex generic and branded medicines, a portfolio of biosimilars and a variety of over-the-counter consumer products. Also, set forth below, Viatris has provided reconciliations of such non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures. Viatris Inc is . Areas, Working Links to Viatris affiliate sites and third party sites are provided as a resource to our visitors and may not be governed by the same regulatory requirements A replay of the webcast also will be available on the website. The Company also believes that adjusted EBITDA better focuses management on the Company's underlying operational results and true business performance and, is used, in part, for management's incentive compensation. Revenues from the biosimilars portfolio to be contributed to Biocon Biologics totaled approximately, Generics, which include diversified product forms such as extended-release oral solids, injectables, transdermals and topicals, performed in line with expectations, including solid performance across the broader. To reflect the Company's currently expected negative impact of foreign exchange rates of approximately $800 million, the Company is revising its 2022 guidance range for total revenues as set forth above. its compliance with guidelines applicable in certain geographies. For more detailed information on the risks and uncertainties associated with Viatris, see the risks described in Part I, Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as amended, and our other filings with the SEC. Beginning in 2022, upfront and milestone-related R&D expenses related to collaboration and licensing arrangements are no longer excluded from adjusted net earnings and adjusted EBITDA. Includes purchase accounting related amortization. Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector with a focus on local governments in the United States and internationally. Annual Dividend: $0.48: Payout Ratio: 0.13: Change in Payout Ratio: 0.10: Viatris kept its 2022 financial guidance the same as Q2, estimating $16.2 billion to. and Filings, Stock Free cash flow refers to U.S. GAAP net cash provided by operating activities, less capital expenditures. For additional information regarding the components and uses of Non-GAAP financial measures refer to Management's Discussion and Analysis of Financial Condition and Results of OperationsUse of Non-GAAP Financial Measures section of Viatris' Quarterly Report on Form 10-Q for the three months ended June 30, 2022. Feb 04, 2022: Viatris to Host Virtual Investor Event and Report Fourth Quarter and Full Year 2021 Financial Results on February 28, 2022 Jan 06, 2022: Viatris Announces 9% Dividend Increase, Fourth Consecutive Quarterly Dividend Nov 18, 2021: Viatris to Participate in Evercore ISI 4th Annual HealthCONx Conference Mylan Announces Third Quarter 2020 Financial Results and Looks Ahead to the Launch of Viatris Inc. Nov 02, 2020. A replay of the webcast also will be available on the website. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Viatris Inc. 10-Q Quarterly Report [latest filing . endobj PITTSBURGH, Nov. 7, 2022 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS) today reported strong results for the third quarter of 2022 and reaffirmed its 2022 financial guidance. ", (Unaudited; in millions, except per share amounts and %s), U.S. GAAP net cash provided by operating activities. We believe that non-GAAP financial measures are useful supplemental information for our investors and when considered together with our U.S. GAAP financial measures and the reconciliation to the most directly comparable U.S. GAAP financial measure, provide a more complete understanding of the factors and trends affecting our operations. The reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. Viatris empowers people worldwide to live healthier at every stage of life. Amounts for the three and nine months ended September 30, 2022 include the unfavorable impact of foreign currency translations compared to the prior year period. between countries and the information provided therein may not be suitable You are now leaving this page for a Viatris affiliate site This change had no impact on the three and six months ended, Adjustment represents exclusion of activity related to, A reconciliation of the estimated 2022 U. S. GAAP, https://www.prnewswire.com/news-releases/viatris-reports-strong-second-quarter-2022-results-301601210.html, California Supply Chain Transparency, UK and Australia Modern Slavery Statement. VTRS: Viatris - Full Company Report. Viatris undertakes no obligation to update any statements herein for revisions or changes after the date of this release other than as required by law. You can access Viatris' filings with the SEC through the SEC website at www.sec.gov or through our website, and Viatris strongly encourages you to do so. Such forward-looking statements may include, without limitation, statements about Viatris' 2022 financial guidance; reaffirms 2022 guidance ranges across total revenues, adjusted EBITDA and free cash flow; driven by solid operating momentum despite foreign exchange headwinds and absorbing inflation impact to date;Viatris' Board of Directors declared a quarterly dividend of twelve cents ($0.12) for each issued and outstanding share of the company's common stock payable on December 16, 2022, to shareholders of record at the close of business on November 23, 2022; we are very pleased with our seven quarters of strong financial performance, which allow us to continue to deliver on our Phase 1 financial commitments and lay a solid foundation for our return to growth in Phase 2; in addition to the strong quarterly performance, we continue to progress our pipeline of complex and novel products; we are extremely pleased with our momentum and how the business is performing after another strong quarter of operational results and free cash flow generation; our commitment to maintaining our investment grade rating; the Company expects to be at the lower end of the adjusted EBITDA guidance range due to negative foreign exchange impacts and expects to be around the mid-point of the range for free cash flow; that the Company is on track to achieve approximately $525 million in new product revenues in 2022, below expectations due to timing of launches, but with better-than-expected margins; statements about the pending transaction between Viatris and Biocon Biologics Limited ("Biocon Biologics") pursuant to which Viatris will contribute its biosimilars portfolio to Biocon Biologics (the "Biocon Biologics Transaction"), statements about the transaction pursuant to which Mylan N.V. ("Mylan") combined with Pfizer Inc.'s Upjohn business (the "Upjohn Business") in a Reverse Morris Trust transaction (the "Combination") and Upjohn Inc. became the parent entity of the combined Upjohn Business and Mylan business and was renamed "Viatris Inc.", the benefits and synergies of the Combination or our global restructuring program, the Company's strategic initiatives, including but not limited to potential divestitures and recently announced acquisitions, future opportunities for the Company and its products and any other statements regarding the Company's future operations, financial or operating results, capital allocation, dividend policy and payments, debt ratio and covenants, anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competitions, commitments, confidence in future results, efforts to create, enhance or otherwise unlock the value of our unique global platform, and other expectations and targets for future periods. /BitsPerComponent 8 For all prior periods presented, these expenses and payments were excluded from adjusted net earnings and adjusted EBITDA. This release contains "forward-looking statements". Viatris has received this recognition in each of its first. With only about half of the global population able to receive essential health services a figure further exacerbated by the COVID-19 pandemic there is much to be done to ensure sustainable access to medicines worldwide. New product sales, new product launches or new product revenuesrefer to revenue from new products launched in 2022 and the carryover impact of new products, including business development, launched within the last twelve months. . ViatrisInc. and SubsidiariesReconciliation of Non-GAAP Financial Measures The report explores the recent trends in major NCDs across regions and makes a strong call-to-action for all stakeholders to join hands and work toward creating and implementing effective and localized solutions to relieve the burden of NCDs and invest in building resilient health systems worldwide. When typing in this field, a list of search results will appear and be automatically updated as you type. Learn more at viatris.com and investor.viatris.com, and connect with us on Twitter at @ViatrisInc, LinkedIn and YouTube. Viatris that is specific to. Conference Call and Earnings Materials. We routinely evaluate our net sales, total revenues and adjusted EBITDA performance at constant currency so that sales results can be viewed without the impact of foreign currency exchange rates, thereby facilitating a period-to-period comparison of our operational activities and believe that this presentation also provides useful information to investors for the same reason. Work in the required document management and submission scheduling systems. Free cash flow refers to U.S. GAAP net cash provided by operating activities, less capital expenditures. For the three months ended June 30, 2022, other revenues in Developed Markets and Emerging Markets were approximately $4.8million and $6.6million, respectively. Adjusted for changes for uncertain tax positions and for certain impacts of the Combination. The comparisons presented at constant currency rates reflect comparative local currency sales at the prior year's foreign exchange rates. Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news. Work in the required document management and submission scheduling systems. Viatris' portfolio comprises more than 1,400 approved molecules across a wide range of therapeutic areas, spanning both non-communicable and infectious diseases, including globally recognized brands, complex generic and branded medicines, a portfolio of biosimilars and a variety of over-the-counter consumer products. For more detailed information on the risks and uncertainties associated with Viatris, see the risks described in Part I, Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as amended, and our other filings with the SEC. [/Pattern /DeviceRGB] Information, Shareholder Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2020 OR . Access and Impact. Previous Annual Reports 2020 Annual Report 6.9 MB. Adjusted earnings from operations is calculated as adjusted gross profit less adjusted total operating expenses. ET today to discuss the Company's financial results for the fourth quarter and year ended December 31, 2019, along with financial guidance for 2020.The webcast can be accessed live by calling 855.493.3607 or 346.354.0950 for international callers (ID#: 9599904) or at the following .

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