Company: PRMB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049952
Chunk: 37

Company: Primo Brands Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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521.912.5Stock-based compensation costs11.90.336.80.9Restructuring charges3.1—6.0—Inventory obsolescence expense4.64.611.813.3Charge for expected credit losses12.73.430.16.6Deferred income taxes6.5(13.4)5.7(43.6)Other non-cash items(4.7)11.0(19.6)12.4Changes in operating assets and liabilities, net of effects of businesses acquired:Trade receivables25.684.6(133.4)(61.7)Inventories8.8(3.1)(40.3)(31.4)Prepaid expenses and other current and non-current assets21.62.221.315.9Trade payables and accruals and other current and non-current liabilities(18.5)36.4(5.8)76.6Net cash provided by operating activities of continuing operations283.4261.6477.2370.1Cash flows from investing activities of continuing operations:Purchases of property, plant and equipment(115.7)(32.3)(231.6)(96.9)Purchases of intangible assets(17.0)(9.0)(42.2)(36.4)Acquisitions, net of cash received(23.3)—(29.0)—Proceeds from sale of other assets——56.9—Proceeds from insurance settlements10.0—20.0—Other investing activities1.90.28.02.9Net cash used in investing activities of continuing operations(144.1)(41.1)(217.9)(130.4)Cash flows from financing activities of continuing operations:Proceeds from 2024 Incremental Term Loan, net of discount———392.0Proceeds from borrowings from ABL Credit Facility———25.0Repayment of borrowings from ABL Credit Facility—(55.0)—(115.0)Repayment of Term Loans(7.7)(8.0)(23.2)(24.0)

The accompanying notes are an integral part of these condensed consolidated financial statements

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Table of Contents

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

UnauditedThree Months EndedSeptember 30,Nine Months EndedSeptember 30,($ in millions)2025202420252024