VTRS · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
Viatris Inc · 2026-08-06 · Importance 49 · Surprise 6 · From source text
Viatris reported $886.5 million of cash and cash equivalents at June 30, 2026 and $770.1 million of operating cash flow for the six months then ended. The Company expects available cash, operating cash generation, and borrowing capacity under its $3.5 billion 2024 Revolving Facility, $600 million Receivables Facility, and Commercial Paper Program to fund foreseeable needs without repatriating non-U.S. cash. Cash held in countries with significant restrictions or controls, including China, may be difficult or costly to repatriate or convert. The Company also derecognized $250.6 million of non-U.S. receivables through factoring arrangements and approximately $84.0 million of European trade receivables as of June 30, 2026.
Key facts
- Net cash used in financing activities was $1.45 billion for the six months ended June 30, 2026, compared to $829.4 million for the six months ended June 30, 2025, an increase of $617.0 million. source
- The YEN Term Loan Facility and the 2024 Revolving Facility contain customary covenants including a financial covenant setting the Maximum Leverage Ratio as of the end of any quarter at 3.75 to 1.00. source
- Combined summarized current assets were $1,317.8 million and non-current assets were $57,235.2 million as of June 30, 2026 (compared to $1,457.2 million current and $59,413.4 million non-current as of December 31, 2025). source
- Combined summarized current liabilities were $32,994.1 million and non-current liabilities were $11,298.5 million as of June 30, 2026 (compared to $35,024.2 million current and $11,135.0 million non-current as of December 31, 2025). source
- Cash and cash equivalents totaled $886.5 million at June 30, 2026. source
- In 2026 financing activities included proceeds from issuance of 4.250% Euro Senior Notes due 2033 of approximately $752.8 million. source
- The Company has access to $3.5 billion under the 2024 Revolving Facility which matures in September 2029, and up to $1.65 billion of that facility may be used to support borrowings under the Commercial Paper Program. source
- The Company has a Receivables Facility for up to an aggregate amount of $600 million which expires in April 2028, and as of June 30, 2026 the Company did not have any borrowings outstanding under the Receivables Facility. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | -6.2% | Combined summarized current assets were $1,317.8 million and non-current assets were $57,235.2 million as of June 30, 2026 (compared to… |
| liability | positive | realized | +5.8% | Combined summarized current liabilities were $32,994.1 million and non-current liabilities were $11,298.5 million as of June 30, 2026… |
| cash | negative | realized | -1.8% | Net cash used in financing activities was $1.45 billion for the six months ended June 30, 2026, compared to $829.4 million for the six… |
| liability | negative | realized | -0.5% | Combined summarized current liabilities were $32,994.1 million and non-current liabilities were $11,298.5 million as of June 30, 2026… |
| assets | negative | realized | -0.4% | Combined summarized current assets were $1,317.8 million and non-current assets were $57,235.2 million as of June 30, 2026 (compared to… |