Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 56

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 Revolving Credit Facility.

Approximately $115.0 million was available under the Receivables Sales Program operating limit as of March 31, 2025. See Note 4 to our Condensed Consolidated Financial Statements for additional information regarding our Receivables Sales Program.

Revolving Credit Facility

If additional borrowings are needed, approximately $443.1 million was available under the Revolving Credit Facility as of March 31, 2025. See Note 10 to our Condensed Consolidated Financial Statements for additional information regarding our Revolving Credit Facility. We are in compliance with the terms of the Revolving Credit Facility and expect to meet foreseeable financial requirements.

Cash Flow

The following table is derived from our Condensed Consolidated Statement of Cash Flows:

 Three Months EndedMarch 31, 20252024 (In millions)Net Cash Flows (Used In) Provided By:  Operating activities$(53.5)$(52.4)Investing activities(231.1)(28.1)Financing activities11.2 (47.8)

Operating Activities

Net cash used in operating activities was $53.5 million in the first three months of 2025 compared to $52.4 million in the first three months of 2024, an increase in cash used of $1.1 million, which was mostly attributable to timing of working capital. 

Investing Activities

Net cash used in investing activities was $231.1 million in the first three months of 2025 compared to $28.1 million in the first three months of 2024, an increase in cash used of $203.0 million. The increase in cash used for investing activities in the first three months of 2025 was primarily driven by the $209.3 million of cash used for the acquisition of the private brand tea business in the first quarter of 2025. This was partially offset by proceeds of $4.1 million from the sale of machinery and equipment related to the RTD business exit and lower capital expenditures of $2.4 million during the first three months of 2025.

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Financing Activities

Net cash provided by financing activities was $11.2 million in the first three months of 2025 compared to $47.8 million net cash used in financing activities in the first three months of 2024, an increase in cash provided of $59.0 million. The increase in cash provided is