Primo Brands Corp
For the period ended Sep 30, 2024. Filed Dec 17, 2024.
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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.
Sep 30, 2024 · Filed Dec 17, 2024
PRMB$24.07-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| ($ in millions, except share and per share amounts) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash, cash equivalents and restricted cash | $ 176.7 | $ 47.0 |
| Trade receivables, net of credit losses of $3.1 and $3.4 at September 30, 2024 and December 31, 2023, respectively | 452.6 | 397.5 |
| Inventories | 199.3 | 180.4 |
| Prepaid expenses and other current assets | 57.1 | 73.1 |
| Total current assets | 885.7 | 698.0 |
| Property, plant and equipment, net | 1,524.4 | 1,609.2 |
| Operating lease right-of-use-assets, net | 498.8 | 552.0 |
| Goodwill | 816.6 | 817.4 |
| Intangible assets, net | 1,402.7 | 1,420.2 |
| Other non-current assets | 53.6 | 57.0 |
| Total assets | $ 5,181.8 | $ 5,153.8 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Current portion of long-term debt | $ 45.3 | $ 31.9 |
| Trade payables | 354.3 | 356.5 |
| Accruals and other current liabilities | 379.0 | 320.6 |
| Current portion of operating lease obligations | 68.3 | 73.8 |
| Total current liabilities | 846.9 | 782.8 |
| Long-term debt, less current portion | 3,750.1 | 3,450.7 |
| Operating lease obligations, less current portion | 449.4 | 498.2 |
| Deferred income taxes | 353.1 | 397.0 |
| Other non-current liabilities | 23.8 | 22.4 |
| Total liabilities | $ 5,423.3 | $ 5,151.1 |
| Commitments and contingencies | ||
| Shareholders' Equity: | ||
| Series A preferred stock, $0.001 par value, $1,000 stated value, 250,000 shares authorized, nil at September 30, 2024 and December 31, 2023 were issued and outstanding | $ — | $ — |
| Common stock, $0.01 par value, 1,050,000 shares authorized, and 1,030,365 at September 30, 2024 and December 31, 2023 were issued and outstanding | — | — |
| Additional paid-in capital | 1,025.4 | 1,024.5 |
| Accumulated deficit | (1,255.7) | (1,014.3) |
| Accumulated other comprehensive loss | (11.2) | (7.5) |
| Total shareholders' equity | $ (241.5) | $ 2.7 |
| Total liabilities and shareholders' equity | $ 5,181.8 | $ 5,153.8 |
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