Company: PRMB
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0002042694-25-000007
Chunk: 4

Company: Primo Brands Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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$65.2Cash paid (refunds received) for income taxes1.6(1.1)

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

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PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

Unaudited

Common StockAdditional Paid-In CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders' Equity($ and shares in millions)SharesAmountDecember 31, 2024379.8$3.8$4,971.3$(1,513.7)$(17.2)$3,444.2Net income———28.7—28.7Other comprehensive income————4.54.5Common shares repurchased and cancelled(4.2)—(5.1)(114.1)—(119.2)Issuance of common stock0.6—1.2——1.2Stock-based compensation——12.0——12.0Dividends on common stock ($0.10 per share)———(38.3)—(38.3)March 31, 2025376.2$3.8$4,979.4$(1,637.4)$(12.7)$3,333.1

Common StockAdditional Paid-In CapitalAccumulated DeficitAccumulated Other Comprehensive LossTotal Stockholders' Equity($ and shares in millions)SharesAmountDecember 31, 20231.0$—$1,024.5$(1,014.3)$(7.5)$2.7Net income———33.5—33.5Other comprehensive loss————(3.6)(3.6)Stock-based compensation——0.3——0.3Dividends to Sponsor Stockholder———(382.7)—(382.7)March 31, 20241.0$—$1,024.8$(1,363.5)$(11.1)$(349.8)

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

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PRIMO BRANDS CORPORATION

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Unaudited

NOTE 1—DESCRIPTION OF THE BUSINESS 

On November 8, 2024, Primo Brands Corporation ("we", "Primo Brands" or the "Company") consummated