Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 20

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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Item 1. Financial Statements

TREEHOUSE FOODS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in millions, except per share data)

March 31, 2025December 31, 2024Assets  Current assets:  Cash and cash equivalents$16.4 $289.6 Receivables, net132.7 146.8 Inventories589.2 539.3 Prepaid expenses and other current assets37.2 34.0 Total current assets775.5 1,009.7 Property, plant, and equipment, net757.5 748.6 Operating lease right-of-use assets190.9 154.4 Goodwill1,889.1 1,819.3 Intangible assets, net278.7 212.9 Other assets, net35.6 35.1 Total assets$3,927.3 $3,980.0 Liabilities and Stockholders' Equity  Current liabilities:  Accounts payable$509.4 $602.5 Accrued expenses165.9 141.3 Current portion of long-term debt5.4 1.1 Total current liabilities680.7 744.9 Long-term debt1,417.4 1,401.3 Operating lease liabilities153.8 125.4 Deferred income taxes104.6 105.8 Other long-term liabilities51.9 53.7 Total liabilities2,408.4 2,431.1 Commitments and contingencies (Note 16)Stockholders' equity:  Preferred stock, par value $0.01 per share, 10.0 shares authorized, none issued— — Common stock, par value $0.01 per share, 90.0 shares authorized, 50.4 and 50.2    shares outstanding as of March 31, 2025 and December 31, 2024, respectively0.6 0.6 Treasury stock(385.4)(385.4)Additional paid-in capital2,240.0 2,238.4 Accumulated deficit(253.8)(222.0)Accumulated other comprehensive loss(82.5)(82.7)Total stockholders' equity1,518.9 1,548.9 Total liabilities