Press Release: Primo Water Corporation Announces -3-

新聞稿：Primo水務公司宣佈-3-

Dow Jones Newswires · 2021/11/04 18:50

risks associated with its international operations and address difficulties in complying with laws and regulations including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010; the impact on Primo's tax obligations and effective tax rate arising from changes in local tax laws or countries adopting more aggressive interpretations of tax laws; disruptions in Primo's information systems; Primo's ability to securely maintain its customers' confidential or credit card information, or other private data relating to Primo's employees or the Company; Primo's ability to maintain its quarterly dividend; or credit rating changes.

The foregoing list of factors is not exhaustive. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Primo's Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other filings with the securities commissions. Primo does not undertake to update or revise any of these statements considering new information or future events, except as expressly required by applicable law.

Website: www.primowatercorp.com

PRIMO WATER CORPORATION                                                  EXHIBIT 1 
CONSOLIDATED STATEMENTS OF OPERATIONS 
(in millions of U.S. dollars, except share and per 
 share amounts) 
Unaudited 
                 For the Three Months Ended                For the Nine Months Ended 
                 October 2, 2021    September 26, 2020     October 2,     September 26, 2020 
                                                            2021 
Revenue, net     $          550.8         $        517.5   $    1,555.3      $         1,448.5 
Cost of sales               242.4                  213.4          685.2                  616.4 
Gross profit                308.4                  304.1          870.1                  832.1 
Selling, 
 general and 
 administrative 
 expenses                   263.6                  257.2          771.5                  759.0 
Loss on 
 disposal of 
 property, 
 plant and 
 equipment, 
 net                           --                    2.3            5.4                    6.2 
Acquisition and 
 integration 
 expenses                     2.6                    3.3            6.3                   28.4 
Goodwill and 
 intangible 
 asset 
 impairment 
 charges                       --                     --             --                  115.2 
Operating 
 income (loss)               42.2                   41.3           86.9                 (76.7) 
Other expense 
 (income), net                4.3                  (4.8)           29.5                    0.6 
Interest 
 expense, net                16.7                   20.4           53.4                   60.8 
Income (loss) 
 from 
 continuing 
 operations 
 before income 
 taxes                       21.2                   25.7            4.0                (138.1) 
Income tax 
 expense 
 (benefit)                    3.1                    3.4            4.4                  (1.3) 
Net income 
 (loss) from 
 continuing 
 operations      $           18.1         $         22.3   $      (0.4)      $         (136.8) 
Net (loss) 
 income from 
 discontinued 
 operations, 
 net 
 of income 
 taxes                         --                  (0.3)             --                   26.3 
Net income 
 (loss)          $           18.1         $         22.0   $      (0.4)      $         (110.5) 
Net income 
(loss) per 
common share 
Basic: 
Continuing 
 operations      $           0.11         $         0.14   $       0.00      $          (0.89) 
Discontinued 
 operations      $             --         $           --   $         --      $            0.17 
Net income 
 (loss)          $           0.11         $         0.14   $       0.00      $          (0.72) 
Diluted: 
Continuing 
 operations      $           0.11         $         0.14   $       0.00      $          (0.89) 
Discontinued 
 operations      $             --         $           --   $         --      $            0.17 
Net income 
 (loss)          $           0.11         $         0.14   $       0.00      $          (0.72) 
Weighted 
average common 
shares 
outstanding (in 
thousands) 
Basic                     160,481                160,101        160,892                153,723 
Diluted                   161,932                161,433        160,892                153,723 
PRIMO WATER CORPORATION                                    EXHIBIT 2 
CONSOLIDATED BALANCE SHEETS 
(in millions of U.S. dollars, except 
share amounts) 
Unaudited 
                                        October 2, 2021    January 2, 2021 
ASSETS 
Current assets 
Cash and cash equivalents                $          125.3   $          115.1 
Accounts receivable, net of allowance 
 of $21.0 ($20.7 
 as of January 2, 2021)                             287.6              222.3 
Inventories                                          95.7               83.8 
Prepaid expenses and other current 
 assets                                              21.1               21.3 
Total current assets                                529.7              442.5 
Property, plant and equipment, net                  689.5              685.6 
Operating lease right-of-use-assets                 174.6              180.6 
Goodwill                                          1,277.0            1,284.3 
Intangible assets, net                              948.4              987.6 
Other long-term assets, net                          23.9               24.1 
Total assets                             $        3,643.1   $        3,604.7 
LIABILITIES AND EQUITY 
Current liabilities 
Short-term borrowings                    $          172.9   $          107.7 
Current maturities of long-term debt                 14.1               17.9 
Accounts payable and accrued 
 liabilities                                        442.1              387.7 
Current operating lease obligations                  33.9               35.5 
Total current liabilities                           663.0              548.8 
Long-term debt                                    1,308.4            1,345.1 
Operating lease obligations                         143.8              148.0 
Deferred tax liabilities                            149.6              148.1 
Other long-term liabilities                          64.8               67.8 
Total liabilities                                 2,329.6            2,257.8 
Shareholders' Equity 
Common shares, no par value - 
 160,135,328 (January 
 2, 2021 - 160,406,464) shares issued             1,277.8            1,268.0 
Additional paid-in-capital                           83.0               84.5 
Retained earnings                                    29.7               81.1 
Accumulated other comprehensive loss               (77.0)             (86.7) 
Total shareholders' equity                        1,313.5            1,346.9 
Total liabilities and shareholders' 
 equity                                  $        3,643.1   $        3,604.7 
PRIMO WATER CORPORATION                                    EXHIBIT 3 
CONSOLIDATED STATEMENTS OF CASH FLOWS 
(in millions of U.S. dollars) 
Unaudited 
                 For the Three Months Ended      For the Nine Months 
                                                 Ended 
                 October 2, 2021   September     October   September 
                                   26, 2020      2, 2021   26, 2020 
Cash flows from 
operating 
activities of 
continuing 
operations: 
Net income 
 (loss)          $           18.1  $       22.0  $  (0.4)   $  (110.5) 
Net (loss) 
 income from 
 discontinued 
 operations, 
 net 
 of income 
 taxes                         --         (0.3)        --         26.3 
Net income 
 (loss) from 
 continuing 
 operations      $           18.1  $       22.3  $  (0.4)   $  (136.8) 
Adjustments to 
reconcile net 
income (loss) 
from continuing 
operations to 
cash flows from 
operating 
activities: 
Depreciation 
 and 
 amortization                53.3          53.6     158.4        151.4 
Amortization of 
 financing fees               0.8           0.9       2.5          2.7 
Share-based 
 compensation 
 expense                      3.8           6.2      10.0         13.5 
Provision 
 (benefit) for 
 deferred 
 income taxes                 1.9           1.8       1.3        (2.6) 
(Gain) loss on 
 sale of 
 business                      --            --        --        (0.6) 
Loss on                        --            --      27.2           -- 
extinguishment 
of debt 
Goodwill and 
 intangible 
 asset 
 impairment 
 charges                       --            --        --        115.2 
Loss on 
 disposal of 
 property, 
 plant and 
 equipment, 
 net                           --           2.3       5.4          6.2 
Other non-cash 
 items                        3.9         (2.8)       2.9          1.7 
Change in 
operating 
assets and 
liabilities, 
net of 
acquisitions: 
Accounts 
 receivable                 (3.3)        (48.6)    (65.2)       (38.5) 
Inventories                 (9.6)           0.5    (12.7)          3.0 
Prepaid 
 expenses and 
 other current 
 assets                       3.6         (3.9)     (0.6)        (3.5) 
Other assets                  0.1         (0.3)       0.4        (0.9) 
Accounts 
 payable and 
 accrued 
 liabilities 
 and other 
 liabilities                 10.8          21.2      42.5         12.6 
Net cash 
 provided by 
 operating 
 activities 
 from 
 continuing 
 operations                  83.4          53.2     171.7        123.4 
Cash flows from 
investing 
activities of 
continuing 
operations: 
Acquisitions, 
 net of cash 
 received                  (12.9)         (1.2)    (13.2)      (435.7) 
Additions to 
 property, 
 plant and 
 equipment                 (37.5)        (21.4)    (99.3)       (85.0) 
Additions to 
 intangible 
 assets                     (2.6)         (2.5)     (6.7)        (7.9) 
Proceeds from 
 sale of

與其國際業務相關的風險，並解決遵守法律法規(包括美國“反海外腐敗法”和2010年英國“反賄賂法”)方面的困難；Primo的納税義務和有效税率因當地税法的變化或採用更激進的税法解釋的國家而產生的影響；Primo的信息系統中斷；Primo安全地維護其客户的機密或信用卡信息或其他與Primo員工或公司相關的私人數據的能力；Primo維持季度股息的能力；或信用評級的變化。

前面列出的因素並不是詳盡的。告誡讀者不要過度依賴任何前瞻性陳述，這些陳述僅説明截至本文發佈之日的情況。敦促讀者仔細審查和考慮各種披露，包括但不限於Primo公司的10-K表格年度報告和10-Q表格季度報告中包含的風險因素，以及提交給證券管理委員會的其他文件。除非適用法律明確要求，否則Primo不承諾根據新信息或未來事件更新或修改這些聲明中的任何一項。

Website: www.primowatercorp.com

網址：www.primowater corp.com

PRIMO WATER CORPORATION                                                  EXHIBIT 1 
CONSOLIDATED STATEMENTS OF OPERATIONS 
(in millions of U.S. dollars, except share and per 
 share amounts) 
Unaudited 
                 For the Three Months Ended                For the Nine Months Ended 
                 October 2, 2021    September 26, 2020     October 2,     September 26, 2020 
                                                            2021 
Revenue, net     $          550.8         $        517.5   $    1,555.3      $         1,448.5 
Cost of sales               242.4                  213.4          685.2                  616.4 
Gross profit                308.4                  304.1          870.1                  832.1 
Selling, 
 general and 
 administrative 
 expenses                   263.6                  257.2          771.5                  759.0 
Loss on 
 disposal of 
 property, 
 plant and 
 equipment, 
 net                           --                    2.3            5.4                    6.2 
Acquisition and 
 integration 
 expenses                     2.6                    3.3            6.3                   28.4 
Goodwill and 
 intangible 
 asset 
 impairment 
 charges                       --                     --             --                  115.2 
Operating 
 income (loss)               42.2                   41.3           86.9                 (76.7) 
Other expense 
 (income), net                4.3                  (4.8)           29.5                    0.6 
Interest 
 expense, net                16.7                   20.4           53.4                   60.8 
Income (loss) 
 from 
 continuing 
 operations 
 before income 
 taxes                       21.2                   25.7            4.0                (138.1) 
Income tax 
 expense 
 (benefit)                    3.1                    3.4            4.4                  (1.3) 
Net income 
 (loss) from 
 continuing 
 operations      $           18.1         $         22.3   $      (0.4)      $         (136.8) 
Net (loss) 
 income from 
 discontinued 
 operations, 
 net 
 of income 
 taxes                         --                  (0.3)             --                   26.3 
Net income 
 (loss)          $           18.1         $         22.0   $      (0.4)      $         (110.5) 
Net income 
(loss) per 
common share 
Basic: 
Continuing 
 operations      $           0.11         $         0.14   $       0.00      $          (0.89) 
Discontinued 
 operations      $             --         $           --   $         --      $            0.17 
Net income 
 (loss)          $           0.11         $         0.14   $       0.00      $          (0.72) 
Diluted: 
Continuing 
 operations      $           0.11         $         0.14   $       0.00      $          (0.89) 
Discontinued 
 operations      $             --         $           --   $         --      $            0.17 
Net income 
 (loss)          $           0.11         $         0.14   $       0.00      $          (0.72) 
Weighted 
average common 
shares 
outstanding (in 
thousands) 
Basic                     160,481                160,101        160,892                153,723 
Diluted                   161,932                161,433        160,892                153,723 
PRIMO WATER CORPORATION                                    EXHIBIT 2 
CONSOLIDATED BALANCE SHEETS 
(in millions of U.S. dollars, except 
share amounts) 
Unaudited 
                                        October 2, 2021    January 2, 2021 
ASSETS 
Current assets 
Cash and cash equivalents                $          125.3   $          115.1 
Accounts receivable, net of allowance 
 of $21.0 ($20.7 
 as of January 2, 2021)                             287.6              222.3 
Inventories                                          95.7               83.8 
Prepaid expenses and other current 
 assets                                              21.1               21.3 
Total current assets                                529.7              442.5 
Property, plant and equipment, net                  689.5              685.6 
Operating lease right-of-use-assets                 174.6              180.6 
Goodwill                                          1,277.0            1,284.3 
Intangible assets, net                              948.4              987.6 
Other long-term assets, net                          23.9               24.1 
Total assets                             $        3,643.1   $        3,604.7 
LIABILITIES AND EQUITY 
Current liabilities 
Short-term borrowings                    $          172.9   $          107.7 
Current maturities of long-term debt                 14.1               17.9 
Accounts payable and accrued 
 liabilities                                        442.1              387.7 
Current operating lease obligations                  33.9               35.5 
Total current liabilities                           663.0              548.8 
Long-term debt                                    1,308.4            1,345.1 
Operating lease obligations                         143.8              148.0 
Deferred tax liabilities                            149.6              148.1 
Other long-term liabilities                          64.8               67.8 
Total liabilities                                 2,329.6            2,257.8 
Shareholders' Equity 
Common shares, no par value - 
 160,135,328 (January 
 2, 2021 - 160,406,464) shares issued             1,277.8            1,268.0 
Additional paid-in-capital                           83.0               84.5 
Retained earnings                                    29.7               81.1 
Accumulated other comprehensive loss               (77.0)             (86.7) 
Total shareholders' equity                        1,313.5            1,346.9 
Total liabilities and shareholders' 
 equity                                  $        3,643.1   $        3,604.7 
PRIMO WATER CORPORATION                                    EXHIBIT 3 
CONSOLIDATED STATEMENTS OF CASH FLOWS 
(in millions of U.S. dollars) 
Unaudited 
                 For the Three Months Ended      For the Nine Months 
                                                 Ended 
                 October 2, 2021   September     October   September 
                                   26, 2020      2, 2021   26, 2020 
Cash flows from 
operating 
activities of 
continuing 
operations: 
Net income 
 (loss)          $           18.1  $       22.0  $  (0.4)   $  (110.5) 
Net (loss) 
 income from 
 discontinued 
 operations, 
 net 
 of income 
 taxes                         --         (0.3)        --         26.3 
Net income 
 (loss) from 
 continuing 
 operations      $           18.1  $       22.3  $  (0.4)   $  (136.8) 
Adjustments to 
reconcile net 
income (loss) 
from continuing 
operations to 
cash flows from 
operating 
activities: 
Depreciation 
 and 
 amortization                53.3          53.6     158.4        151.4 
Amortization of 
 financing fees               0.8           0.9       2.5          2.7 
Share-based 
 compensation 
 expense                      3.8           6.2      10.0         13.5 
Provision 
 (benefit) for 
 deferred 
 income taxes                 1.9           1.8       1.3        (2.6) 
(Gain) loss on 
 sale of 
 business                      --            --        --        (0.6) 
Loss on                        --            --      27.2           -- 
extinguishment 
of debt 
Goodwill and 
 intangible 
 asset 
 impairment 
 charges                       --            --        --        115.2 
Loss on 
 disposal of 
 property, 
 plant and 
 equipment, 
 net                           --           2.3       5.4          6.2 
Other non-cash 
 items                        3.9         (2.8)       2.9          1.7 
Change in 
operating 
assets and 
liabilities, 
net of 
acquisitions: 
Accounts 
 receivable                 (3.3)        (48.6)    (65.2)       (38.5) 
Inventories                 (9.6)           0.5    (12.7)          3.0 
Prepaid 
 expenses and 
 other current 
 assets                       3.6         (3.9)     (0.6)        (3.5) 
Other assets                  0.1         (0.3)       0.4        (0.9) 
Accounts 
 payable and 
 accrued 
 liabilities 
 and other 
 liabilities                 10.8          21.2      42.5         12.6 
Net cash 
 provided by 
 operating 
 activities 
 from 
 continuing 
 operations                  83.4          53.2     171.7        123.4 
Cash flows from 
investing 
activities of 
continuing 
operations: 
Acquisitions, 
 net of cash 
 received                  (12.9)         (1.2)    (13.2)      (435.7) 
Additions to 
 property, 
 plant and 
 equipment                 (37.5)        (21.4)    (99.3)       (85.0) 
Additions to 
 intangible 
 assets                     (2.6)         (2.5)     (6.7)        (7.9) 
Proceeds from 
 sale of

Primo水務公司展品1合併業務報表(以百萬美元計，不包括每股和股份金額)未經審計截至本年度首九個月的三個月2021年10月2日2020年9月26日10月2日                                                            2021 收入，淨額$550.8$517.5$1,555.3$1,448.5銷售成本242.4 213.4 685.2 616.4毛利308.4 304.1 870.1 832.1銷售，一般和行政性開支263.6 257.2 771.5 759.0虧損發生在處置財產，植物和設備，淨值--2.3--5.4 6.2收購和集成費用2.6 3.3 6.3 28.4商譽和無形資產損傷收費-115.2運營中收入(虧損)42.2 41.3 86.9(76.7)其他費用(收入)，淨額4.3(4.8)29.5 0.6利息費用，淨額16.7 20.4 53.4 60.8收益(虧損)從…繼續運營未計收入税收21.225.74.0(138.1)所得税費用(利益)3.1 3.4 4.4(1.3)淨收入(損失)來自繼續營運費$18.1$22.3$(0.4)$(136.8)淨額(虧損)從以下項目獲得的收入停產運營，網絡收入的百分比税--(0.3)--26.3淨收入(虧損)$18.1$22.0$(0.4)$(110.5)淨收入(虧損)每普通股基本信息：持續運營$0.11$0.14$0.00$(0.89)停產運營費用$--$0.17淨收入(虧損)$0.11$0.14$0.00$(0.72)稀釋：持續運營$0.11$0.14$0.00$(0.89)停產運營費用$--$0.17淨收入(虧損)$0.11$0.14$0.00$(0.72)加權平均公約數股票未完成(In數千人)基本160,481 160,101 160,892 153,723稀釋161,932 161,433 160,892 153,723Primo水務公司展品2綜合資產負債表(單位：百萬美元，除股份金額)未經審計2021年10月2日2021年1月2日資產流動資產現金和現金等價物$125.3$115.1應收賬款，扣除備抵後的淨額21.0美元(20.7美元)截至2021年1月2日)287.6 222.3庫存95.7 83.8預付費用和其他當期費用資產21.1 21.3流動資產總額529.7 442.5不動產、廠房和設備，淨額689.5 685.6經營租賃使用權--資產174.6 180.6商譽1,277.0 1,284.3無形資產，淨額948.4 987.6其他長期資產，淨額23.9 24.1總資產$3,643.1$3,604.7負債和權益流動負債短期借款172.9美元107.7美元長期債務當期到期日14.1 17.9應付賬款和應計賬款負債442.1 387.7當前經營租賃債務33.9 35.5流動負債總額663.0 548.8長期債務1,308.4 1,345.1經營租賃義務143.8 148.0遞延税項負債149.6 148.1其他長期負債64.8 67.8總負債2,329.6 2,257.8股東權益普通股，沒有面值-160,135,328(1月2021年-160,406,464股)已發行1,277.8,268.0股新增實收資本83.0 84.5留存收益29.7 81.1累計其他綜合虧損(77.0)(86.7)總股東權益1,313.5 1,346.9總負債和股東權益股本$3,643.1$3,604.7Primo水務公司展品3合併現金流量表(單位：百萬美元)未經審計截至前九個月的三個月告一段落2021年10月2日9月10月9月                                   26, 2020      2, 2021   26, 2020 現金流來自運營中的活動繼續運營：淨收入(虧損)$18.1$22.0$(0.4)$(110.5)淨額(虧損)從以下項目獲得的收入停產運營，網絡收入的百分比税--(0.3)--26.3淨收入(損失)來自繼續營運費$18.1$22.3$(0.4)$(136.8)調整到對帳網收益(虧損)從繼續操作至現金流來自運營中活動：折舊和攤銷53.353.6 158.4 151.4攤銷融資費0.8 0.9 2.5 2.7基於共享的補償費用3.8 6.2 10.0 13.5規定(利益)用於遞延所得税1.9 1.8 1.3(2.6)(收益)虧損出售業務-(0.6)虧損-27.2--滅火的債務商譽和無形資產損傷收費-115.2虧損發生在處置財產，植物和設備，淨值--2.3--5.4 6.2其他非現金項目3.9(2.8)2.9 1.7改變運營中資產和負債，淨額，淨額收購：帳目應收賬款(3.3)(48.6)(65.2)(38.5)庫存(9.6)0.5(12.7)3.0預付費用和其他電流資產3.6(3.9)(0.6)(3.5)其他資產0.1(0.3)0.4(0.9)帳目應付及累計負債及其他負債10.8 21.2 42.5 12.6淨現金由以下人員提供運營中活動從…繼續業務83.453.2 171.7 123.4現金流來自投資的活動繼續運營：收購，現金淨額已收到(12.9)(1.2)(13.2)(435.7)添加到財產，植物和設備(37.5)(21.4)(99.3)(85.0)添加到無形資產(2.6)(2.5)(6.7)(7.9)從以下項目獲得的收益出售

譯文內容由第三人軟體翻譯。

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Press Release: Primo Water Corporation Announces -3-

Press Release: Primo Water Corporation Announces -3-

風險及免責聲明

聲明