Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 83

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---
 notes(4)— — — — — (3.5)— 3.5 Product recalls and related costs(5)2.3 (12.1)14.4 — 14.4 — — 14.4 Impairment(7)— — — (19.3)19.3 — — 19.3 Taxes on adjusting items— — — — — — 11.3 (11.3)As adjusted (Non-GAAP)$1,611.5 $1,354.7 $256.8 $208.1 $48.7 $32.0 $3.5 $13.2 As reported (% of net sales)14.9 %15.5 %(0.6)%1.7 %(0.5)%(1.8)%As adjusted (% of adjusted net sales)15.9 %12.9 %3.0 %2.0 %0.2 %0.8 %Earnings per share:Diluted$(0.54)Adjusted diluted$0.25 Weighted average common shares:Diluted for net loss53.0 Diluted for adjusted net income53.4 

Free Cash Flow

In addition to measuring our cash flow generation and usage based upon the operating, investing, and financing classifications included in the Condensed Consolidated Statements of Cash Flows, we also measure free cash flow (a Non-GAAP measure) which represents net cash used in operating activities, less capital expenditures and proceeds from sales of fixed assets. We believe free cash flow is an important measure of liquidity because it provides management and investors a measure of cash generated from operations that is available for mandatory payment obligations and investment opportunities such as funding acquisitions, repaying debt, repurchasing public debt, and repurchasing our common stock.

The following table reconciles cash flow used in operating activities (a GAAP measure) to our free cash flow (a Non-GAAP measure).

 Six Months EndedJune 30, 20252024 (In millions)Cash flow used in operating activities (GAAP)$(100.7)$(71.8)Capital expenditures(54.0)(51.1)Proceeds from sales of fixed assets4.8 1.4Free cash flow (Non-GAAP)$(149.9)$(