Company: GEF
Filing Date: 2025-02-27
Form Type: 10-Q
Source: 0000043920-25-000009
Chunk: 7

Company: GREIF, INC
Filing Date: 2025-02-27
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 sale of businesses(0.9)— Proceeds from hedging derivatives22.5 — Net cash used in investing activities(19.0)(53.6)Cash flows from financing activities:Proceeds from issuance of long-term debt724.9 529.1 Payments on long-term debt(570.5)(419.2)Payments on short-term borrowings, net(2.1)12.7 Proceeds from trade accounts receivable credit facility7.4 0.7 Payments on trade accounts receivable credit facility(55.9)(49.2)Dividends paid to Greif, Inc. shareholders(31.0)(29.7)Dividends paid to noncontrolling interests(2.0)— Tax withholding payments for stock-based awards(6.4)(6.8)Other, net(1.9)(1.5)Net cash provided by financing activities62.5 36.1 Effects of exchange rates on cash(9.3)11.4 Net increase (decrease) in cash and cash equivalents3.4 (1.6)Cash and cash equivalents at beginning of period197.7 180.9 Cash and cash equivalents at end of period$201.1 $179.3 

See accompanying Notes to Condensed Consolidated Financial Statements

7

GREIF, INC. AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)Three Months Ended January 31, 2025Common StockTreasury StockRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Greif,Inc.EquityNoncontrollinginterestsTotalEquity(in millions, except for shares which are in thousands)CommonSharesAmountTreasurySharesAmountAs of October 31, 202447,181 $230.3 29,661 $(279.0)$2,486.2 $(355.1)$2,082.4 $35.1 $2,117.5 Net income8.6 8.6 5.8 14.4 Other comprehensive income (loss):Foreign currency translation(40.7)(40.7)(0.3)(41.0)Derivative financial instruments, net of $2.8 million of income tax benefit8.8 8.8 8.8