Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 185

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 185
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 ended December 31, 2024 was $7.6 million, as compared to cash provided by operating activities for working capital of $5.0 million for the year ended December 31, 2023. In the current year, the increase in the cash used in operations is primarily attributable to the losses sustained at our Lugano subsidiary.

2023

Cash flows provided by operating activities totaled approximately $16.6 million for the year ended December 31, 2023, which represents an increase of $63.3 million compared to cash flow used in operating activities of $46.6 million for the year ended December 31, 2022. A majority of the increase in cash provided by operating activities was due to a decrease in cash used for working capital in 2023. Cash provided by operating activities for working capital for the year ended December 31, 2023 was $5.0 million , as compared to cash used in operating activities for working capital of $91.2 million for the year ended December 31, 2022. The decrease in the use of cash for working capital in the year ended December 31, 2023 primarily reflects inventory management strategies, as several of our businesses worked through higher inventory levels than normal during 2023. In 2022, these businesses substantially increased inventory levels to combat supply chain issues given longer lead times, resulting in higher cash outflows throughout the year.

2022

Cash flows used in operating activities totaled approximately $46.6 million for the year ended December 31, 2022. Cash used in operating activities for working capital for the year ended December 31, 2022 was $91.2 million. We typically have a higher usage of cash for working capital in the first half of the year as most of our companies will build up inventories after the fourth quarter; however, in 2022, several of our subsidiary businesses substantially increased inventory levels to combat supply chain issues given longer lead times, resulting in higher cash outflows throughout the year.

#### Cash Flow from Investing Activities
2024

Cash flows used in investing activities totaled approximately $422.5 million for the year ended December 31, 2024, compared to $570.5 million provided by investing activities during the year ended December 31, 2023. Investing activities in 2024 reflects our acquisition of The Honey Pot Co. in January 2024, and an add-on acquisition at our Altor business (total cash use of $517.9