Magnera Corp

For the period ended Dec 28, 2024. Filed Feb 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 28, 2024 · Filed Feb 6, 2025

MAGN$13.05+0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated and Combined Statements of Cash Flows

	Quarterly Period Ended
(in millions of dollars)	December 28, 2024	December 30, 2023
Cash Flows from Operating Activities:
Net income (loss)	$(60)	$(8)
Adjustments to reconcile net cash from operating activities:
Depreciation	39	32
Amortization of intangibles	14	12
Non-cash interest expense	3	1
Deferred income tax	8	(7)
Share-based compensation expense	6	3
Other non-cash operating activities, net	32	(3)
Changes in working capital, net	(106)	(59)
Change in other assets and liabilities	6	2
Net cash from (used in) operating activities	(58)	(27)
Cash Flows from Investing Activities:
Additions to property, plant and equipment, net	(16)	(16)
Cash acquired from GLT acquisition	37	—
Other investing activities and other	—	30
Net cash from investing activities	21	14
Cash Flows from Financing Activities:
Proceeds from long-term borrowings	1,556	—
Repayments on long-term borrowings	(430)	(1)
Transfers from (to) Berry, net	34	(8)
Cash distribution to Berry	(1,111)	—
Debt fees	(15)	—
Other, net	(1)	—
Net cash from financing activities	33	(9)
Effect of currency translation on cash	(11)	4
Net change in cash and cash equivalents	(15)	(18)
Cash and cash equivalents at beginning of period	230	185
Cash and cash equivalents at the end of period	$215	$167

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.