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  "documentTitle": "Herbalife | Investor Presentation Deck | 21 slides",
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  "authorName": "Herbalife Nutrition",
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      "text": "(Dollars in Millions)",
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      "text": "Reported Net Income $372.6 $311.0 $296.6 $213.9 $260.0 $339.1 $308.7 $527.5 $464.0 $415.0 Expenses related to regulatory inquiries (1) 85.4 34.1 9.4 9.0 10.8 14.2 9.4 FTC Consent Order implementation - - - 11.7 7.1 - - - - - Expenses incurred responding to attacks on the Company's business model - - - 3.8 9.1 13.8 16.6 24.5 - - Regulatory Settlements - (5.9) - - 133.0 - - - - - Net expenses related to COVID-19 pandemic 19.2 - - - - - - - - - Debt issuance costs related to the senior secured credit facility amendment 0.4 0.9 - - - - - - - - Expenses incurred for the recovery of re-audit expenses - - - - 2.6 1.3 0.4 15.6 - - Arbitration award related to the re-audit - - - - (25.8) - - - - - Manufacturing Equipment Recovery - - - - - (2.0) - - - - Legal Settlement Reserve - - - - - (1.2) 10.9 - - - Adjusted Net Income (Cash Impact) $477.6 $340.1 $306.0 $238.4 $396.8 $365.2 $346.0 $567.6 $464.0 $415.0 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 100.3 97.7 100.4 99.8 98.3 98.0 93.2 84.7 74.4 71.9 Excess tax benefits from share-based payment arrangements - - - - - - (10.4) (15.6) (29.7) (26.2) Share-based compensation expenses 51.0 38.6 35.5 42.1 40.2 44.9 45.7 29.5 27.9 24.1 Non-cash interest expense 26.7 43.7 63.8 60.2 55.7 56.2 43.5 2.6 1.8 1.9 Deferred income taxes 2.0 15.4 (8.1) 97.8 (36.4) (38.2) (84.8) (24.9) (7.8) (21.3) Inventory write-downs 20.6 19.1 17.4 20.7 15.8 25.3 24.5 29.8 11.4 - Foreign exchange transaction loss 9.9 2.1 8.0 2.4 3.7 26.6 (6.2) 5.8 2.1 9.4 Foreign exchange loss and other changes relating to Venezuela - - - - - - 227.8 15.1 - - Loss on extinguishment of debt - - 48.5 - - - - - - - Other 5.3 (7.9) 7.1 1.9 (11.7) 10.8 6.1 0.6 0.7 2.2 Changes in operating assets and liabilities: Receivables (5.8) (14.4) 2.8 (22.2) - (6.2) 6.0 9.2 (28.2) (9.7) Inventories (76.6) (68.6) (83.3) 37.9 (71.6) (30.5) (99.4) (54.8) (93.6) (84.9) Prepaid expenses and other current assets (11.9) 28.3 (5.1) 38.3 0.8 19.8 (34.9) (9.4) 0.2 3.2 Accounts payable 5.5 0.1 21.7 (5.0) (1.3) 6.0 (5.2) 10.8 17.0 15.4 Royalty overrides 61.2 11.5 22.8 6.0 20.9 21.6 6.7 28.8 41.9 44.0 Other current liabilities 77.6 (5.5) 106.8 (17.1) 12.4 73.5 21.1 134.8 85.2 75.8 Other (9.8) (13.6) 13.5 14.1 (19.5) (18.2) (31.0) (1.6) 0.5 (10.3) Adjusted Net Cash Provided by Operating Activities $733.6 $486.6 $657.8 $615.3 $504.1 $654.8 $548.7 $813.0 $567.8 $510.5 Cash Interest $97.5 $88.7 $97.8 $86.1 $37.7 $38.8 $35.7 $16.0 $8.7 $0.6",
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