Company: PRMB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0002042694-25-000003
Chunk: 112

Company: Primo Brands Corp
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 112
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411.5782.8Long-term debt, less current portion4,963.63,450.7Operating lease obligations, less current portion555.6498.2Deferred income taxes738.7397.0Other non-current liabilities49.822.4Non-current liabilities held for sale31.1—Total liabilities  $7,750.3$5,151.1Commitments and contingenciesStockholders' Equity:Preferred stock, $0.01 and $0.001 par value, nil and $1,000 stated value, 100,000,000 and 250,000 shares authorized at December 31, 2024 and 2023, respectively, nil issued and outstanding at December 31, 2024 and 2023$—$—Common stock, $0.01 par value, 900,000,000 shares and 1,050,000 shares authorized, 379,792,996 shares and 1,030,365 shares issued and outstanding at December 31, 2024 and 2023, respectively3.8—Additional paid-in capital4,971.31,024.5Accumulated deficit(1,513.7)(1,014.3)Accumulated other comprehensive loss(17.2)(7.5)Total stockholders' equity3,444.22.7Total liabilities and stockholders' equity$11,194.5$5,153.8

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

F-5

PRIMO BRANDS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Year Ended December 31,($ in millions, except share and per share values)202420232022Net sales$5,152.5$4,698.7$4,441.1Cost of sales3,530.93,346.73,446.9Gross profit1,621.61,352.0994.2Selling, general and administrative expenses1,050.6924.2887.0Acquisition, integration and restructuring expenses204.116.983.8Other operating expense, net6.64.90.1Operating income360.3406.023.3Gain on extinguishment of debt——(8.7)Interest and financing expense, net339.6288.1211.8Income (loss) from continuing operations before income taxes20.7117.9(179.8)Provision for (