Company: PRMB
Filing Date: 2025-02-07
Form Type: S-1/A
Source: 0001193125-25-022806
Chunk: 155

Company: Primo Brands Corp
Filing Date: 2025-02-07
Form: S-1/A
Chunk 155
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33.5 million increase was due primarily to improved earnings, excluding non-cashcharges, partially offset by lower cash provided by working capital in the current year period relative the prior year period. Cash provided by operating activities from continuing operations was $289.2 million in 2023 compared to $238.3 million in 2022 and $211.3 million in 2021. The $50.9 million increase in 2023 compared to 2022 was due primarily to improved earnings, excluding non-cashcharges and income and an increase in cash provided by working capital relative to the prior year. The $27.0 million increase in 2022 compared to 2021 was due primarily to improved earnings, excluding non-cashcharges, partially offset by an increase in cash used for working capital balances relative to the prior year. Investing Activities Cash used in investing activities was $137.2 million for the nine months ended September 28, 2024 compared to $122.7 million for the nine months ended September 30, 2023. The $14.5 million increase was due primarily to a decrease in the proceeds from sale of property and an increase in additions to property, plant and equipment relative to the prior year period. Cash used in investing activities from continuing operations was $147.3 million in 2023 compared to $127.1 million in 2022 and $151.9 million in 2021. The $20.2 million increase in 2023 compared to 2022 was due primarily to lower receipt of proceeds from the sale of properties and increased cash used for acquisitions, partially offset by a decrease in additions to property, plant and equipment relative to the prior year. The $24.8 million decrease in 2022 compared to 2021 was due primarily to receipt of proceeds from the sale of properties in 2022 and a decrease in cash used for acquisitions, partially offset by an increase in additions to property, plant and equipment relative to the prior year. Financing Activities Cash used in financing activities was $59.5 million for the nine months ended September 28, 2024 compared to $137.9 million for the nine months ended September 30, 2023. The $78.4 million decrease was due primarily to a decrease in net payments of short-term debt borrowings and an increase in the issuance of common shares relative to the prior year period. 104

Cash used in financing activities from continuing operations was $290.4 million in 2023