Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 115

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 115
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.8$4,971.3$(1,513.7)$(17.2)$3,444.2

The accompanying notes are an integral part of these consolidated financial statements

F-8

PRIMO BRANDS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Year Ended December 31,($ in millions)202420232022Cash flows from operating activities of continuing operations:Net (loss) income$(16.4)$92.8$(126.7)Less: Net loss from discontinued operations, net of income taxes(3.8)— — Net (loss) income from continuing operations$(12.6)$92.8$(126.7)Adjustments to reconcile net (loss) income from continuing operations to cash flows from operating activities of continuing operations:Depreciation and amortization333.3305.7326.2Amortization of debt discount and issuance costs18.413.513.9Stock-based compensation costs8.71.31.8Write off of long lived assets7.114.33.7Amortization of purchase accounting inventory step-up6.0——Restructuring charges22.0——Inventory obsolescence expense16.927.638.8Charge for expected credit losses12.614.118.4Deferred income taxes(78.1)(40.5)(59.5)Gain on extinguishment of debt— — (8.7)Other non-cash items3.0(0.1)2.6Changes in operating assets and liabilities, net of effects of businesses acquired:Trade receivables83.651.3(188.0)Inventories(0.1)23.1(113.1)Prepaid expenses and other current assets and other assets(33.5)1.8(10.4)Trade payables(23.4)(228.0)212.4Accruals and other current and non-current liabilities99.944.0(3.1)Net cash provided by operating activities of continuing operations463.8320.9108.3Cash flows from investing activities of continuing operations:Purchases of property, plant and equipment(150.2)(203.6)(258.5)Purchases of intangible assets(40.7)(14.1)(78.2)Cash acquired in the Transaction665.9——Proceeds from sale of other assets——2.9Purchases of investments(10.0)(