Magnera Corp

For the period ended Mar 29, 2025. Filed May 7, 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.

Mar 29, 2025 · Filed May 7, 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

	Two Quarterly Periods Ended
(in millions of dollars)	March 29, 2025	March 30, 2024
Cash Flows from Operating Activities:
Net income (loss)	$(101)	$6
Adjustments to reconcile net cash from operating activities:
Depreciation	83	63
Amortization of intangibles	28	24
Non-cash interest expense	8	3
Deferred income tax	10	1
Share-based compensation expense	10	5
Other non-cash operating activities, net	37	2
Changes in working capital, net	(78)	(112)
Change in other assets and liabilities	10	1
Net cash from (used in) operating activities	7	(7)
Cash Flows from Investing Activities:
Additions to property, plant and equipment, net	(39)	(41)
Cash acquired from GLT acquisition	37	—
Settlement of net investment hedges	22	—
Other investing activities and other	—	28
Net cash from (used in) investing activities	20	(13)
Cash Flows from Financing Activities:
Proceeds from long-term borrowings	1,556	—
Repayments on long-term borrowings	(432)	(1)
Transfers from (to) Berry, net	34	8
Cash distribution to Berry	(1,111)	—
Debt fees	(15)	—
Net cash from financing activities	32	7
Effect of currency translation on cash	(7)	2
Net change in cash and cash equivalents	52	(11)
Cash and cash equivalents at beginning of period	230	185
Cash and cash equivalents at the end of period	$282	$174

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