Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 23

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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$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)$(149.9)$(121.5)

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Other Commitments and Contingencies

The Company also has selected levels of property and casualty risks, primarily related to employee health care, workers' compensation claims, and other casualty losses, in addition to contingent liabilities related to the ordinary course of litigation, investigations, and tax audits.

See Note 16 to our Condensed Consolidated Financial Statements included herein and Note 19 to our Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 for additional information about our commitments and contingent obligations.

Except for changes to the scheduled matur