Primo Brands Corporation (PRMB)

Primo Brands Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	100.3	60.1	-16.4	92.8	-126.7	-175.2
Depreciation & Amortization	619.5	610.2	333.3	305.7	326.2	420.44
Other Amortization	31.2	29.8	18.4	13.5	13.9	10.91
Asset Writedown & Restructuring Costs	27.1	38.7	22	-	3.7	-
Stock-Based Compensation	46	49.9	8.7	1.3	1.8	-
Provision & Write-off of Bad Debts	53.6	45.9	12.6	14.1	18.4	12.33
Other Operating Activities	-33.2	-40.1	-41.3	1.3	-26.8	-29.24
Change in Accounts Receivable	-43.8	-30.9	83.6	51.3	-188	3.71
Change in Inventory	-23.5	-33.5	-0.1	23.1	-113.1	-27.6
Change in Accounts Payable	37.8	-62	76.5	-184	212.4	-5.02
Change in Other Net Operating Assets	3.2	12.2	-33.5	1.8	-13.5	-75.71
Operating Cash Flow	823	687.4	467.2	320.9	108.3	134.62
Operating Cash Flow Growth	48.34%	47.13%	45.59%	196.31%	-19.55%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-451.5	-377.4	-150.2	-203.6	-258.5	-161.89
Cash Acquisitions	-43.3	-29	665.9	-	-	-4,285
Sale (Purchase) of Intangibles	-64.5	-57	-40.7	-14.1	-78.2	-54.55
Investment in Securities	-	-	-10	-3	-1.2	-18.55
Other Investing Activities	110.4	164.3	9.4	3.1	18.5	581.13
Investing Cash Flow	-418.9	-299.1	474.4	-217.6	-319.4	-3,939

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	425.3	182	-	-
Total Debt Issued	659.6	-	425.3	182	-	3,776
Long-Term Debt Repaid	-	-70.9	-158.7	-114.1	-75.1	-
Total Debt Repaid	-719.5	-70.9	-158.7	-114.1	-75.1	-14.84
Net Debt Issued (Repaid)	-59.9	-70.9	266.6	67.9	-75.1	3,761
Issuance of Common Stock	10.2	10.7	1.9	3.3	2.4	1,113
Repurchase of Common Stock	-248.3	-421.5	-10.4	-	-	-
Preferred Dividends Paid	-	-	-	-49.9	-8.6	-26.51
Common Dividends Paid	-163	-151.3	-615.8	-	-	-804
Dividends Paid	-163	-151.3	-615.8	-49.9	-8.6	-830.51
Other Financing Activities	12.1	-1.2	-8.7	-	-	-
Financing Cash Flow	-448.9	-634.2	-366.4	-162.3	-147.7	4,312

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.8	2.1	-1.5	0.2	-0.2	-0.65
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0.11
Net Cash Flow	-45.6	-243.8	573.7	-58.8	-359	507.05

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	371.5	310	317	117.3	-150.2	-27.27
Free Cash Flow Growth	5.15%	-2.21%	170.25%	-	-	-
Free Cash Flow Margin	5.51%	4.65%	6.15%	2.50%	-3.38%	-0.81%
Free Cash Flow Per Share	1.01	0.83	1.31	0.54	-0.69	-26.51
Levered Free Cash Flow	403.34	436.89	657.9	120.18	-	-
Unlevered Free Cash Flow	573.45	611.15	851.75	286.74	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	298.4	303.1	320.2	274.3	198.2	111.27
Cash Income Tax Paid	77.1	56.9	97.1	65.9	13.9	0.11
Change in Working Capital	-26.3	-114.2	126.5	-107.8	-102.2	-104.62

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 24, 2026

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