Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 148

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 148
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     |   |         43.8 |     |   |       46.3 |
| Cash and cash equivalents and restricted cash of continuing operations, end of period   |     | $                          |         667.3 |     | $              |          60.9 |     | $                         |         667.3 |     | $ |          60.9 |     | $                         |        507.9 |     | $ |         78.8 |     | $ |       82.1 |

Operating Activities Cash provided by operating activities was $255.7 million for the nine months ended September 28, 2024 compared to $222.2 million for the nine months ended September 30, 2023. The $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