Company: PBH
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001295947-25-000039
Chunk: 20

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 20
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 The increase in the effective tax rate for the six months ended September 30, 2025, compared to the six months ended September 30, 2024 was primarily due to establishing a taxable presence in a new state.

Liquidity and Capital Resources 

Liquidity

Our primary source of cash comes from our cash flow from operations.  In the past, we have supplemented this source of cash with various debt facilities, primarily in connection with acquisitions.  We have financed our operations, and expect to continue to finance our operations for the next twelve months and the foreseeable future, with a combination of funds generated from operations and borrowings.  Our principal uses of cash are for operating expenses, debt service, share repurchases, capital expenditures, and acquisitions.  Based on our current levels of operations and anticipated growth, excluding acquisitions, we believe that our cash generated from operations and our existing credit facilities will be adequate to finance our working capital and capital expenditures through the next twelve months.  See "Economic Environment" above.

As of September 30, 2025, we had cash and cash equivalents of $119.1 million, an increase of $21.2 million from March 31, 2025.  The following table summarizes the change: 

 Six Months Ended September 30,(In thousands)20252024$ ChangeCash provided by (used in): Operating Activities$136,499 $124,576 $11,923 Investing Activities(4,867) (4,157)(710)Financing Activities(111,231) (116,722)5,491 Effects of exchange rate changes on cash and cash equivalents821 1,374 (553)Net change in cash and cash equivalents$21,222 $5,071 $16,151 

Operating Activities 

Net cash provided by operating activities was $136.5 million for the six months ended September 30, 2025, compared to $124.6 million for the six months ended September 30, 2024.  The $11.9 million increase was due to the timing of working capital and increased net income before non-cash items.

Investing Activities 

Net cash used in investing activities was $4.9 million for the six months ended September 30, 2025, compared to $4.2 million for the six months ended September 30, 2024.  The  $0.7 million increase in net cash used in investing