Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 6

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 33.9 Minimum pension liabilities(72.5)(74.9)Total Greif, Inc. shareholders’ equity2,040.4 2,082.4 Noncontrolling interests38.5 35.1 Total shareholders’ equity2,078.9 2,117.5 Total liabilities and shareholders’ equity$6,585.7 $6,647.6 

See accompanying Notes to Condensed Consolidated Financial Statements

6

GREIF, INC. AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)Three Months Ended January 31,(in millions)20252024Cash flows from operating activities:Net income 14.4 $74.3 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation, depletion and amortization66.6 60.4 Non-cash asset impairment charges13.7 1.3 Gain on disposals of properties, plants and equipment, net(1.6)(2.7)Loss on disposals of businesses, net0.9 — Unrealized foreign exchange loss 0.5 7.6 Deferred income tax benefit(0.6)(49.2)Non-cash lease expense14.6 12.2 Other, net0.4 0.5 Increase (decrease) in cash from changes in certain assets and liabilities, net of impacts from acquisitions:Trade accounts receivable31.9 21.5 Inventories(21.5)(28.0)Accounts payable(33.5)(21.1)Restructuring reserves— 0.2 Operating leases(14.6)(12.5)Pension and post-retirement benefit liabilities(1.8)(3.3)Other, net(100.2)(56.7)Net cash (used in) provided by operating activities(30.8)4.5 Cash flows from investing activities:Purchases of business, net of cash acquired(4.6)— Purchases of properties, plants and equipment(35.7)(55.6)Purchases of timber properties(1.6)(1.8)Payments for deferred purchase price of acquisitions(1.2)(1.2)Proceeds from the sale of properties, plants, equipment and other assets2.5 5.0 Payments for the