Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 304

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 304
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   (0.3 | ) |     |      |   (0.1 | ) |
| Net change in cash, cash equivalents, and restricted cash                                  |     |                                 |  129.7 |   |     |      |    7.7 |   |
| Cash, cash equivalents, and restricted cash at beginning of period                         |     |                                 |   47.0 |   |     |      |  105.8 |   |
| Cash, cash equivalents, and restricted cash at end of period                               |     | $                               |  176.7 |   |     | $    |  113.5 |   |
| Supplemental disclosure of cash flow information:                                          |     |                                 |        |   |     |      |        |   |
| Cash paid for interest, net of capitalized interest of $4.2 and $8.7 during 2024 and 2023, 
 respectively                                                                               |     | $                               |  231.5 |   |     | $    |  189.6 |   |
| Cash paid for income taxes                                                                 |     | $                               |   58.6 |   |     | $    |   42.3 |   |
| Purchases of property, plant, equipment and intangible assets included in trade payables   |     | $                               |   16.1 |   |     | $    |   17.9 |   |

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements F-52

TRITON WATER PARENT, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

NOTE 1—DESCRIPTION OF THE BUSINESS

Nature of the Business

Triton Water Parent, Inc., and its subsidiaries, (the “Company”), produces and sells national and regional spring water brands, purified national
water and flavored water brands. Brands include Arrowhead, Deer Park, Ice
Mountain, Origin, Ozarka, Poland Spring, Saratoga, Zephyrhills, Pure
Life, Ac+ion, Frutitas and Splash Refresher , among others, which are sold through the Company’s Retail segment (direct to wholesalers, grocery stores or other retailers) and its ReadyRefresh segment (direct-to-consumer, office and retailer beverage delivery services). The Company is also a distributor for select third-party beverage brands through the ReadyRefresh segment. As of September