Company: PBH
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001295947-25-000009
Chunk: 20

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 2
Chunk 20
---
4 million from March 31, 2024.  The following table summarizes the change: 

 Nine Months Ended December 31,(In thousands)20242023$ ChangeCash provided by (used in): Operating Activities$189,667 $182,019 $7,648 Investing Activities(13,973) (5,107)(8,866)Financing Activities(170,587) (172,571)1,984 Effects of exchange rate changes on cash and cash equivalents(702)785 (1,487)Net change in cash and cash equivalents$4,405 $5,126 $(721)

Operating Activities 

Net cash provided by operating activities was $189.7 million for the nine months ended December 31, 2024, compared to $182.0 million for the nine months ended December 31, 2023.  The $7.6 million increase was due to decreased working capital and increased net income, partly offset by a decrease in non-cash operating activities. 

Investing Activities 

Net cash used in investing activities was $14.0 million for the nine months ended December 31, 2024, compared to $5.1 million for the nine months ended December 31, 2023.  The increase in cash used for investing activities of $8.9 million was primarily attributable to the acquisition of Hydralyte intellectual property of $8.3 million and changes in a short-term loan receivable of $2.3 million, partly offset by a decrease in capital expenditures of $1.7 million.

-29-

Financing Activities 

Net cash used in financing activities was $170.6 million for the nine months ended December 31, 2024, compared to $172.6 million for the nine months ended December 31, 2023. The $2.0 million decrease in cash used in financing activities was primarily due to a decrease in term loan repayments and payments of debt costs of $15.8 million and an increase in the proceeds from the exercise of stock options of $1.5 million, partly offset by an increase in the purchase of shares of our common stock of $15.2 million. 

Capital Resources

As of December 31, 2024, we had an aggregate of $1.0 billion of outstanding indebtedness, which consisted of the following:

•$400.0 million of 5.125% 2019 senior unsecured