Company: PRMB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0002042694-25-000015
Chunk: 35

Company: Primo Brands Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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Restructuring charges2.4—2.9—Inventory obsolescence expense6.06.27.28.7Charge for expected credit losses10.31.117.43.2Deferred income taxes1.8(12.9)(0.8)(30.2)Other non-cash items(16.4)4.2(14.9)1.4Changes in operating assets and liabilities, net of effects of businesses acquired:Trade receivables(91.9)(85.0)(159.0)(146.3)Inventories(3.4)9.1(49.1)(28.3)Prepaid expenses and other current and non-current assets(34.9)6.4(0.3)13.7Trade payables and accruals and other current and non-current liabilities84.839.812.740.2Net cash provided by operating activities of continuing operations155.0102.5193.8108.5Cash flows from investing activities of continuing operations:Purchases of property, plant and equipment(53.9)(41.1)(115.9)(64.6)Purchases of intangible assets(17.7)(6.2)(25.2)(27.4)Acquisitions, net of cash received(5.7)—(5.7)—Proceeds from sale of other assets11.3—56.9—Other investing activities15.4(0.3)16.12.7Net cash used in investing activities of continuing operations(50.6)(47.6)(73.8)(89.3)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—(60.0)—(60.0)Repayment of Term Loans(7.8)(8.0)(15.5)(16.0)

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

10

PRIMO BRANDS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

UnauditedThree Months Ended June 30,Six Months Ended June 30,($ in millions)2025202420252024Proceeds from borrowings of other debt—1.0—3.1Principal repayment of other debt(1.