J.D. Barker's FLATLINERS: RESURRECTION Complete and Expected to Generate Major Bidding War
The completion of FLATLINERS: RESURRECTION marks a significant milestone for the franchise, which has captivated audiences since the original 1990 film exploring near-death experiences and the consequences of tampering with the boundaries between life and death.
'The phones haven't stopped ringing since this project was announced last year,' said Joel Gotler of Intellectual Property Group, who manages film, television, and domestic publishing rights in collaboration with Danny Baror at Baror International, Inc. 'I'm thrilled to finally take it out. Barker has crafted one hell of a tale. Not only does it hold true to the original, it also takes this in a very fresh and timely direction.'
Barker, renowned for his gripping suspense novels including DRACUL (Putnam), THE FOURTH MONKEY (HarperCollins), and SOMETHING I KEEP UPSTAIRS (Hampton Creek Press), wrote the novel with neuropsychologist turned co-author, Christine Daigle, under complete secrecy, sharing pages with no one until the manuscript was finished.
'We kept this one close to the vest,' Barker explained. 'I didn't want to risk a leak. The concept of 'Flatliners' has always fascinated me, and I wanted to ensure fans experienced this story exactly as intended - without any preconceptions or spoilers.'
FLATLINERS: RESURRECTION promises to delve deeper into the psychological and supernatural elements that made the original concept compelling, while introducing contemporary themes that resonate with today's audiences.
The original 'Flatliners' property, based on the screenplay by Peter Filardi, has maintained cultural relevance since its 1990 debut, with a 2017 film remake continuing to explore the franchise's central themes of mortality, consequences, and the unknown.
About J.D. Barker: Hampton Creek Press's J.D. Barker is the international bestselling author of numerous novels, including DRACUL and the wildly popular 4MK thriller series. His work has been translated into two dozen languages and optioned for both film and television. He regularly collaborates with James Patterson.
Contact: Film, Television, and Domestic Print rights are managed by Joel Gotler of Intellectual Property Group, 12400 Wilshire Blvd. Suite 500 Los Angeles, CA 90025, 310-402-5152. Foreign Print rights are managed by Danny Baror of Baror International, Inc., P.O. Box 868, Armonk, NY 10504
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Forward-Looking Statements Certain statements in this release, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause results to differ materially from those expressed or implied in the forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, except to the extent required by law. Risks and uncertainties to which our forward-looking statements are subject include, without limitation: (1) the ability to successfully manage global financial risks, including foreign currency fluctuations, changes in global interest rates and rate differentials, currency exchange, pricing controls or tariffs; (2) the ability to successfully manage local, regional or global economic volatility, including reduced market growth rates, and to generate sufficient income and cash flow to allow the Company to effect the expected share repurchases and dividend payments; (3) the ability to successfully manage uncertainties related to changing political and geopolitical conditions and potential implications such as exchange rate fluctuations, market contraction, boycotts, variability and unpredictability in trade relations, sanctions, tariffs or other trade controls; (4) the ability to manage disruptions in credit markets or to our banking partners or changes to our credit rating; (5) the ability to maintain key manufacturing and supply arrangements (including execution of supply chain optimizations and sole supplier and sole manufacturing plant arrangements) and to manage disruption of business due to various factors, including ones outside of our control, such as natural disasters, acts of war or terrorism or disease outbreaks; (6) the ability to successfully manage cost fluctuations and pressures, including prices of commodities and raw materials and costs of labor, transportation, energy, pension and healthcare; (7) the ability to compete with our local and global competitors in new and existing sales channels, including by successfully responding to competitive factors such as prices, promotional incentives and trade terms for products; (8) the ability to manage and maintain key customer relationships; (9) the ability to protect our reputation and brand equity by successfully managing real or perceived issues, including concerns about safety, quality, ingredients, efficacy, packaging content, supply chain practices, social or environmental practices or similar matters that may arise; (10) the ability to successfully manage the financial, legal, reputational and operational risk associated with third-party relationships, such as our suppliers, contract manufacturers, distributors, contractors and external business partners; (11) the ability to rely on and maintain key company and third-party information and operational technology systems, networks and services and maintain the security and functionality of such systems, networks and services and the data contained therein; (12) the ability to successfully manage the demand, supply and operational challenges, as well as governmental responses or mandates, associated with a disease outbreak, including epidemics, pandemics or similar widespread public health concerns; (13) the ability to stay on the leading edge of innovation, obtain necessary intellectual property protections and successfully respond to changing consumer habits, evolving digital marketing and selling platform requirements and technological advances attained by, and patents granted to, competitors; (14) the ability to successfully manage our ongoing acquisition, divestiture and joint venture activities, in each case to achieve the Company's overall business strategy and financial objectives, without impacting the delivery of base business objectives; (15) the ability to successfully achieve productivity improvements and cost savings and manage ongoing organizational changes while successfully identifying, developing and retaining key employees, including in key growth markets where the availability of skilled or experienced employees may be limited; (16) the ability to successfully manage current and expanding regulatory and legal requirements and matters (including, without limitation, those laws, regulations, policies and related interpretations involving product liability, product and packaging composition, manufacturing processes, intellectual property, labor and employment, antitrust, privacy, cybersecurity, data protection and data transfers, artificial intelligence, tax, the environment, due diligence, risk oversight, accounting and financial reporting) and to resolve new and pending matters within current estimates; (17) the ability to manage changes in applicable tax laws and regulations; and (18) the ability to continue delivering progress towards our environmental sustainability ambitions. For additional information concerning factors that could cause actual results and events to differ materially from those projected herein, please refer to our most recent 10-K, 10-Q and 8-K reports. About Procter & Gamble P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit for the latest news and information about P&G and its brands. For other P&G news, visit us at THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES (Amounts in Millions Except Per Share Amounts) Consolidated Earnings Information Three Months Ended June 30 Fiscal Year Ended June 30 2025 2024 % Chg 2025 2024 % Chg NET SALES $ 20,889 $ 20,532 2% $ 84,284 $ 84,039 —% Cost of products sold 10,631 10,348 3% 41,164 40,848 1% GROSS PROFIT 10,258 10,183 1% 43,120 43,191 —% Selling, general and administrative expense 5,903 6,299 (6)% 22,669 23,305 (3)% Indefinite-lived intangible asset impairment charge — — — 1,341 OPERATING INCOME 4,355 3,884 12% 20,451 18,545 10% Interest expense (212 ) (220 ) (4)% (907 ) (925 ) (2)% Interest income 104 107 (3)% 469 473 (1)% Other non-operating income, net 274 98 180% 154 668 (77)% EARNINGS BEFORE INCOME TAXES 4,521 3,870 17% 20,167 18,761 7% Income taxes 895 726 23% 4,102 3,787 8% NET EARNINGS 3,626 3,144 15% 16,065 14,974 7% Less: Net earnings/(loss) attributable to non controlling interests 11 7 57% 91 95 (4)% NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE $ 3,615 $ 3,137 15% $ 15,974 $ 14,879 7% EFFECTIVE TAX RATE 19.8 % 18.8 % 20.3 % 20.2 % NET EARNINGS PER COMMON SHARE: (1) Basic $ 1.51 $ 1.30 16% $ 6.67 $ 6.18 8% Diluted $ 1.48 $ 1.27 17% $ 6.51 $ 6.02 8% DIVIDENDS PER COMMON SHARE $ 1.0568 $ 1.0065 5% $ 4.0763 $ 3.8286 6% Diluted Weighted Average Common Shares Outstanding 2,443.8 2,472.2 2,454.4 2,471.9 COMPARISONS AS A % OF NET SALES Basis Pt Change Basis Pt Change Gross margin 49.1 % 49.6 % (50) 51.2 % 51.4 % (20) Selling, general and administrative expense 28.3 % 30.7 % (240) 26.9 % 27.7 % (80) Operating margin 20.8 % 18.9 % 190 24.3 % 22.1 % 220 Earnings before income taxes 21.6 % 18.8 % 280 23.9 % 22.3 % 160 Net earnings 17.4 % 15.3 % 210 19.1 % 17.8 % 130 Net earnings attributable to Procter & Gamble 17.3 % 15.3 % 200 19.0 % 17.7 % 130 (1) Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. Amounts in millions of dollars except per share amounts or as otherwise specified. Certain columns and rows may not add due to rounding. 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(2) Other includes the sales mix impact from acquisitions and divestitures and rounding impacts necessary to reconcile volume to net sales. Amounts in millions of dollars except per share amounts or as otherwise specified. Certain columns and rows may not add due to rounding. 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These reclassifications had no effect on the previously reported Total Operating Activities. Amounts in millions of dollars except per share amounts or as otherwise specified. Certain columns and rows may not add due to rounding. THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES (Amounts in Millions Except Per Share Amounts) Condensed Consolidated Balance Sheets June 30, 2025 June 30, 2024 Cash and cash equivalents $ 9,556 $ 9,482 Accounts receivable 6,185 6,118 Inventories 7,551 7,016 Prepaid expenses and other current assets 2,100 2,095 TOTAL CURRENT ASSETS 25,392 24,709 PROPERTY, PLANT AND EQUIPMENT, NET 23,897 22,152 GOODWILL 41,650 40,303 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 21,910 22,047 OTHER NONCURRENT ASSETS 12,381 13,158 TOTAL ASSETS $ 125,231 $ 122,370 Accounts payable $ 15,227 $ 15,364 Accrued and other liabilities 11,318 11,073 Debt due within one year 9,513 7,191 TOTAL CURRENT LIABILITIES 36,058 33,627 LONG-TERM DEBT 24,995 25,269 DEFERRED INCOME TAXES 5,774 6,516 OTHER NONCURRENT LIABILITIES 6,120 6,398 TOTAL LIABILITIES 72,946 71,811 TOTAL SHAREHOLDERS' EQUITY 52,284 50,559 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 125,231 $ 122,370 The Procter & Gamble Company Exhibit 1: Non-GAAP Measures The following provides definitions of the non-GAAP measures used in Procter & Gamble's July 29, 2025, earnings release and the reconciliation to the most closely related GAAP measure. We believe that these measures provide useful perspective on underlying business trends (i.e., trends excluding non-recurring or unusual items) and results and provide a supplemental measure of period-to-period results. The non-GAAP measures described below are used by management in making operating decisions, allocating financial resources and for business strategy purposes. These measures may be useful to investors, as they provide supplemental information about business performance and provide investors a view of our business results through the eyes of management. These measures are also used to evaluate senior management and are a factor in determining their at-risk compensation. These non-GAAP measures are not intended to be considered by the user in place of the related GAAP measures but rather as supplemental information to our business results. These non-GAAP measures may not be the same as similar measures used by other companies due to possible differences in method and in the items or events being adjusted. The Company is not able to reconcile its forward-looking non-GAAP cash flow and tax rate measures because the Company cannot predict the timing and amounts of discrete items such as acquisition and divestitures, which could significantly impact GAAP results. Note that certain columns and rows may not add due to rounding. The Core earnings measures included in the following reconciliation tables refer to the equivalent GAAP measures adjusted as applicable for the following items: Incremental restructuring: The Company has historically had an ongoing level of restructuring activities of approximately $250 - $500 million before tax. In the fiscal year ended June 30, 2024, the Company started a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions. During the period ended September 30, 2024, the Company completed this limited market portfolio restructuring with the substantial liquidation of its operations in Argentina. The adjustment to Core earnings includes the restructuring charges that exceed the normal, recurring level of restructuring charges. Intangible asset impairment: In the fiscal year ended June 30, 2024, the Company recognized a non-cash, after-tax impairment charge of $1.0 billion ($1.3 billion before tax) to adjust the carrying value of the Gillette intangible asset acquired as part of the Company's 2005 acquisition of The Gillette Company. We do not view the above items to be part of our sustainable results, and their exclusion from core earnings measures provides a more comparable measure of year-on-year results. These items are also excluded when evaluating senior management in determining their at-risk compensation. Organic sales growth: Organic sales growth is a non-GAAP measure of sales growth excluding the impacts of acquisitions and divestitures and foreign exchange from year-over-year comparisons. We believe this measure provides investors with a supplemental understanding of underlying sales trends by providing sales growth on a consistent basis. This measure is used in assessing the achievement of management goals for at-risk compensation. Core EPS and Currency-neutral Core EPS: Core net earnings per share, or Core EPS, is a measure of diluted net earnings per common share (diluted EPS) adjusted for items as indicated. Currency-neutral Core EPS is a measure of the Company's Core EPS excluding the incremental current year impact of foreign exchange. We view these non-GAAP measures as useful supplemental measures of Company performance over time. Core gross margin and Currency-neutral Core gross margin: Core gross margin is a measure of the Company's gross margin adjusted for items as indicated. Currency-neutral Core gross margin is a measure of the Company's Core gross margin excluding the incremental current year impact of foreign exchange. We believe these non-GAAP measures provide a supplemental perspective to the Company's operating efficiency over time. Core selling, general and administrative (SG&A) expense as a percentage of sales and Currency-neutral Core SG&A expense as a percentage of sales: Core SG&A expense as a percentage of sales is a measure of the Company's selling, general and administrative expense as a percentage of net sales adjusted for items as indicated. Currency-neutral Core SG&A expense as a percentage of sales is a measure of the Company's Core selling, general and administrative expense as a percentage of net sales excluding the incremental current year impact of foreign exchange. We believe these non-GAAP measures provides a supplemental perspective to the Company's operating efficiency over time. Core operating margin and Currency-neutral Core operating margin: Core operating margin is a measure of the Company's operating margin adjusted for items as indicated. Currency-neutral Core operating margin is a measure of the Company's Core operating margin excluding the incremental current year impact of foreign exchange. We believe these non-GAAP measures provide a supplemental perspective to the Company's operating efficiency over time. Adjusted free cash flow: Adjusted free cash flow is defined as operating cash flow less capital spending and excluding payments for the transitional tax resulting from the 2017 U.S. Tax Act. Adjusted free cash flow represents the cash that the Company is able to generate after taking into account planned maintenance and asset expansion. We view adjusted free cash flow as an important measure because it is one factor used in determining the amount of cash available for dividends, share repurchases, acquisitions and other discretionary investments. Adjusted free cash flow productivity: Adjusted free cash flow productivity is defined as the ratio of adjusted free cash flow to net earnings excluding the non-cash charge for accumulated foreign currency translation losses due to the substantial liquidation of operations in certain Enterprise Markets, including Nigeria and Argentina, and the Gillette intangible asset impairment charge. We view adjusted free cash flow productivity as a useful measure to help investors understand P&G's ability to generate cash. This measure is used by management in making operating decisions, in allocating financial resources and for budget planning purposes. This measure is also used in assessing the achievement of management goals for at-risk compensation. THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES Reconciliation of Non-GAAP Measures Three MonthsEnded June 30, 2025 Three Months Ended June 30, 2024 Amounts in millions except per share amounts As Reported(GAAP) (1) As Reported (GAAP) Incremental Restructuring Core (Non-GAAP) Cost of products sold $ 10,631 $ 10,348 $ (45 ) $ 10,303 Gross profit 10,258 10,183 45 10,229 Gross margin 49.1 % 49.6 % 0.2 % 49.8 % Currency impact to gross margin 0.2 % Currency-neutral gross margin 49.3 % Selling, general and administrative expense 5,903 6,299 (28 ) 6,271 Selling, general and administrative expense as a % of net sales 28.3 % 30.7 % (0.2 )% 30.5 % Currency impact to selling, general and administrative expense as a % of net sales 0.1 % Currency-neutral selling, general and administrative expense as a % of net sales 28.3 % Operating income 4,355 3,884 73 3,958 Operating margin 20.8 % 18.9 % 0.4 % 19.3 % Currency impact to operating margin 0.1 % Currency-neutral operating margin 21.0 % Other non-operating income, net 274 98 248 346 Income taxes 895 726 (6 ) 720 Net earnings attributable to P&G 3,615 3,137 327 3,464 Core EPS Diluted net earnings per common share (2) $ 1.48 $ 1.27 $ 0.13 $ 1.40 Currency impact to earnings $ (0.01 ) Currency-neutral EPS $ 1.47 Diluted weighted average common shares outstanding 2,443.8 2,472.2 Common shares outstanding - June 30, 2025 2,342.0 (1) For the period ending June 30, 2025, there were no adjustments to or reconciling items for Core EPS. (2) Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. CHANGE VERSUS YEAR AGO Gross margin (50 ) BPS Core gross margin (70 ) BPS Currency-neutral Core gross margin (50 ) BPS Selling, general and administrative expense as a % of net sales (240 ) BPS Core selling, general and administrative expense as a % of net sales (220 ) BPS Currency-neutral Core selling, general and administrative as a % of net sales (220 ) BPS Operating margin 190 BPS Core operating margin 150 BPS Currency-neutral Core operating margin 170 BPS Diluted EPS 17 % Core EPS 6 % Currency-neutral Core EPS 5 % THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES Reconciliation of Non-GAAP Measures Fiscal Year Ended June 30, 2025 Fiscal Year Ended June 30, 2024 Amounts in millions except per share amounts AsReported(GAAP) Incremental Restructuring Core(Non-GAAP) AsReported(GAAP) Incremental Restructuring IntangibleImpairment Core(Non-GAAP) Cost of products sold $ 41,164 $ 20 $ 41,184 $ 40,848 $ (70 ) $ — $ 40,778 Gross profit 43,120 (20 ) 43,099 43,191 70 — 43,261 Gross margin 51.2 % — % 51.1 % 51.4 % 0.1 % — % 51.5 % Currency impact to Core gross margin 0.2 % Currency-neutral Core gross margin 51.3 % Selling, general and administrative expense 22,669 (25 ) 22,643 23,305 (33 ) — 23,273 Selling, general and administrative expense as a % of net sales 26.9 % — % 26.9 % 27.7 % — % — % 27.7 % Currency impact to Core selling, general and administrative expense as a % of net sales 0.2 % Currency-neutral Core selling, general and administrative expense as a % of net sales 27.0 % Operating income 20,451 5 20,456 18,545 103 1,341 19,988 Operating margin 24.3 % — % 24.3 % 22.1 % 0.1 % 1.6 % 23.8 % Currency impact to Core operating margin — % Currency-neutral Core operating margin 24.3 % Other non-operating income, net 154 789 943 668 248 — 916 Income taxes 4,102 (7 ) 4,094 3,787 (25 ) 315 4,077 Net earnings attributable to P&G 15,974 801 16,775 14,879 376 1,026 16,281 Core EPS Core EPS Diluted net earnings per common share (1) $ 6.51 $ 0.33 $ 6.83 $ 6.02 $ 0.15 $ 0.42 $ 6.59 Currency impact to Core EPS $ 0.02 Currency-neutral Core EPS $ 6.85 Diluted weighted average common shares outstanding 2,454.4 2,471.9 Common shares outstanding - June 30, 2025 2,342.0 (1) Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble. CHANGE VERSUS YEAR AGO Gross margin (20 ) BPS Core gross margin (40 ) BPS Currency-neutral Core gross margin (20 ) BPS Selling, general and administrative expense as a % of net sales (80 ) BPS Core selling, general and administrative expense as a % of net sales (80 ) BPS Currency-neutral Core selling, general and administrative as a % of net sales (70 ) BPS Operating margin 220 BPS Core operating margin 50 BPS Currency-neutral Core operating margin 50 BPS Diluted EPS 8 % Core EPS 4 % Currency-neutral Core EPS 4 % Organic sales growth: The reconciliation of reported sales growth to organic sales is as follows: April - June 2025 Net Sales Growth Foreign ExchangeImpact Acquisition &DivestitureImpact/Other (1) Organic Sales Growth Beauty —% 1% —% 1% Grooming 2% —% (1)% 1% Health Care 2% —% —% 2% Fabric & Home Care 2% (1)% —% 1% Baby, Feminine & Family Care 2% (1)% —% 1% Total Company 2% —% —% 2% (1) Acquisition & Divestiture Impact/Other includes the volume and mix impact of acquisitions and divestitures and rounding impacts necessary to reconcile net sales to organic sales. Total Company Net Sales Growth Foreign Exchange Impact Acquisition & DivestitureImpact/Other (1) Organic Sales Growth FY 2025 —% 1% 1% 2% (1) Other includes the sales mix impact from acquisitions and divestitures and rounding impacts necessary to reconcile volume to net sales. Total Company Net Sales Growth Combined Foreign Exchange &Acquisition/Divestiture Impact Organic Sales Growth FY 2026 (Estimate) +1% to +5% -1% -% to +4% Core EPS growth: Total Company Diluted EPS Growth Impact of change in Non-Core Items Core EPS Growth FY 2026 (Estimate) +3% to +9% -3% to -5% -% to +4% Adjusted free cash flow (dollars in millions): Three Months Ended June 30, 2025 Operating Cash Flow Capital Spending Adjusted Free Cash Flow $4,985 $(996) $3,989 Fiscal Year Ended June 30, 2025 Operating Cash Flow Capital Spending 2017 U.S. Tax Act Payments Adjusted Free Cash Flow $17,817 $(3,773) $562 $14,606 Adjusted free cash flow productivity (dollars in millions): Three Months Ended June 30, 2025 Adjusted Free Cash Flow Net Earnings Adjusted Free Cash Flow Productivity $3,989 $3,626 110% Fiscal Year Ended June 30, 2025 Adjusted Free Cash Flow Net Earnings Adjustments to NetEarnings (1) Net Earnings as Adjusted Adjusted Free Cash FlowProductivity $14,606 $16,065 $752 $16,817 87% (1) Adjustments to Net Earnings relate to a non-cash charge for accumulated foreign currency translation losses due to the substantial liquidation of operations in Argentina. Category: PG-IR View source version on Contacts P&G Media Contacts: Wendy Kennedy, 513.780.7212Henry Molski, 513.505.3587 P&G Investor Relations Contact: John Chevalier, 513.983.9974 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Royal Caribbean lifts annual profit forecast on steady cruise demand
(Reuters) -Royal Caribbean raised its annual profit forecast on Tuesday, banking on resilient demand for the cruise operator's high-end private island destinations and premium sailings. The company, however, expects third-quarter adjusted earnings per share of $5.55 to $5.65, below analysts' estimates of $5.83, per data compiled by LSEG, amid rising fuel prices. Shares of the company were down about 3% in premarket trading, after rising about 52% so far this year. The company expects fiscal 2025 adjusted profit per share of $15.41 to $15.55, compared with its prior forecast of $14.55 to $15.55.
