Post Holdings, Inc
(NYSE:POST)

Post Holdings, Inc. operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. The Post Consumer Brands segment manufactures, markets, and se...

Website: http://www.postholdings.com

Founded: 2012

Full Time Employees: 10,200

Sector: Consumer Defensive

Industry: Packaged Foods

Consumer Defensive

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31

net sales	2,042,900,000	2,174,600,000	2,247,000,000	1,984,300,000	1,952,100,000	1,974,700,000	2,010,100,000	1,947,700,000	1,999,000,000	1,965,900,000	1,945,400,000	1,859,400,000	1,619,900,000	1,566,300,000	1,579,100,000	1,524,900,000	1,409,700,000	1,643,700,000	1,695,600,000	1,589,800,000	1,483,300,000	1,458,000,000	1,411,300,000	1,336,400,000	1,494,200,000	1,456,800,000	1,442,800,000	1,439,200,000	1,387,800,000	1,411,300,000	1,629,900,000	1,608,100,000	1,586,100,000	1,433,100,000	1,448,500,000	1,272,100,000	1,255,400,000	1,249,800,000	1,260,800,000	1,246,100,000	1,271,100,000	1,248,800,000	1,309,800,000	1,211,800,000	1,052,700,000	1,073,900,000	1,043,100,000	633,000,000	438,000,000	297,000,000	291,700,000	257,300,000	248,200,000	236,900,000	247,200,000	241,900,000	250,500,000	219,300,000
yoy	4.65%	10.12%	11.79%	1.88%	-2.35%	0.45%	3.33%	4.75%	23.40%	25.51%	23.20%	21.94%	14.91%	-4.71%	-6.87%	-4.08%	-4.96%	12.74%	20.14%	18.96%	-0.73%	0.08%	-2.18%	-7.14%	7.67%	3.22%	-11.48%	-10.50%	-12.50%	-1.52%	12.52%	26.41%	26.34%	14.67%	14.89%	2.09%	-1.24%	0.08%	-3.74%	2.83%	20.75%	16.29%	25.57%	91.44%	140.34%	261.58%	257.59%	146.02%	76.47%	25.37%	18.00%	6.37%	-0.92%	8.03%
qoq	-6.06%	-3.22%	13.24%	1.65%	-1.14%	-1.76%	3.20%	-2.57%	1.68%	1.05%	4.63%	14.78%	3.42%	-0.81%	3.55%	8.17%	-14.24%	-3.06%	6.65%	7.18%	1.74%	3.31%	5.60%	-10.56%	2.57%	0.97%	0.25%	3.70%	-1.67%	-13.41%	1.36%	1.39%	10.68%	-1.06%	13.87%	1.33%	0.45%	-0.87%	1.18%	-1.97%	1.79%	-4.66%	8.09%	15.11%	-1.97%	2.95%	64.79%	44.52%	47.47%	1.82%	13.37%	3.67%	4.77%	-4.17%	2.19%	-3.43%	14.23%
cost of goods sold	1,425,300,000	1,536,100,000	1,644,900,000	1,388,100,000	1,406,300,000	1,379,400,000	1,434,700,000	1,370,400,000	1,419,400,000	1,393,300,000	1,394,000,000	1,357,800,000	1,206,100,000	1,151,400,000	1,186,500,000	1,160,200,000	1,031,200,000	1,219,700,000	1,267,100,000	1,110,400,000	1,032,300,000	1,002,600,000	971,000,000	899,600,000	1,055,400,000	985,300,000	990,600,000	977,100,000	936,500,000	984,800,000	1,151,900,000	1,146,700,000	1,110,400,000	981,400,000	1,011,400,000	878,400,000	891,300,000	870,600,000	883,400,000	847,900,000	861,800,000	886,300,000	976,500,000	895,300,000	777,200,000	824,800,000	814,400,000	484,400,000	308,600,000	182,500,000	179,200,000	153,100,000	145,700,000	131,200,000	137,100,000	132,100,000	139,500,000	121,300,000
gross profit	617,600,000	638,500,000	602,100,000	596,200,000	545,800,000	595,300,000	575,400,000	577,300,000	579,600,000	572,600,000	551,400,000	501,600,000	413,800,000	414,900,000	392,600,000	364,700,000	378,500,000	424,000,000	428,500,000	479,400,000	451,000,000	455,400,000	440,300,000	436,800,000	438,800,000	471,500,000	452,200,000	462,100,000	451,300,000	426,500,000	478,000,000	461,400,000	475,700,000	451,700,000	437,100,000	393,700,000	364,100,000	379,200,000	377,400,000	398,200,000	409,300,000	362,500,000	333,300,000	316,500,000	275,500,000	249,100,000	228,700,000	148,600,000	129,400,000	114,500,000	112,500,000	104,200,000	102,500,000	105,700,000	110,100,000	109,800,000	111,000,000	98,000,000
yoy	13.16%	7.26%	4.64%	3.27%	-5.83%	3.96%	4.35%	15.09%	40.07%	38.01%	40.45%	37.54%	9.33%	-2.15%	-8.38%	-23.93%	-16.08%	-6.90%	-2.68%	9.75%	2.78%	-3.41%	-2.63%	-5.48%	-2.77%	10.55%	-5.40%	0.15%	-5.13%	-5.58%	9.36%	17.20%	30.65%	19.12%	15.82%	-1.13%	-11.04%	4.61%	13.23%	25.81%	48.57%	45.52%	45.74%	112.99%	112.91%	117.55%	103.29%	42.61%	26.24%	8.33%	2.18%	-5.10%	-7.66%	7.86%
qoq	-3.27%	6.05%	0.99%	9.23%	-8.32%	3.46%	-0.33%	-0.40%	1.22%	3.84%	9.93%	21.22%	-0.27%	5.68%	7.65%	-3.65%	-10.73%	-1.05%	-10.62%	6.30%	-0.97%	3.43%	0.80%	-0.46%	-6.94%	4.27%	-2.14%	2.39%	5.81%	-10.77%	3.60%	-3.01%	5.31%	3.34%	11.02%	8.13%	-3.98%	0.48%	-5.22%	-2.71%	12.91%	8.76%	5.31%	14.88%	10.60%	8.92%	53.90%	14.84%	13.01%	1.78%	7.97%	1.66%	-3.03%	-4.00%	0.27%	-1.08%	13.27%
gross margin %	30.23%	29.36%	26.80%	30.05%	27.96%	30.15%	28.63%	29.64%	28.99%	29.13%	28.34%	26.98%	25.54%	26.49%	24.86%	23.92%	26.85%	25.80%	25.27%	30.15%	30.41%	31.23%	31.20%	32.68%	29.37%	32.37%	31.34%	32.11%	32.52%	30.22%	29.33%	28.69%	29.99%	31.52%	30.18%	30.95%	29.00%	30.34%	29.93%	31.96%	32.20%	29.03%	25.45%	26.12%	26.17%	23.20%	21.93%	23.48%	29.54%	38.55%	38.57%	40.50%	41.30%	44.62%	44.54%	45.39%	44.31%	44.69%
selling, general and administrative expenses	326,200,000	357,300,000	350,100,000	312,100,000	314,800,000	331,600,000	341,700,000	324,500,000	341,300,000	322,900,000	309,500,000	300,900,000	239,300,000	228,700,000	223,800,000	225,000,000	235,400,000	257,300,000	241,700,000	231,900,000	249,400,000	251,100,000	229,800,000	224,200,000	245,000,000	235,300,000	245,500,000	223,200,000	225,800,000	217,100,000	239,600,000	225,600,000	264,300,000	245,700,000	251,800,000	164,200,000	187,300,000	264,100,000	231,100,000	216,000,000	205,600,000	187,000,000	197,200,000	193,300,000	173,700,000	166,000,000	137,900,000	120,300,000	104,800,000	83,000,000	79,200,000	73,000,000	70,100,000	72,100,000	71,700,000	65,100,000	74,200,000	63,500,000
amortization of intangible assets	51,000,000	51,700,000	53,200,000	49,400,000	49,100,000	49,100,000	46,100,000	46,400,000	46,400,000	45,700,000	45,300,000	42,400,000	36,600,000	36,400,000	36,500,000	36,600,000	36,400,000	41,400,000	41,600,000	53,700,000	58,500,000	40,600,000	40,100,000	40,100,000	40,000,000	40,100,000	40,300,000	40,300,000	40,400,000	40,300,000	42,300,000	47,200,000	46,400,000	41,500,000	42,300,000	38,900,000	39,000,000	38,900,000	38,200,000	38,200,000	38,100,000	38,100,000	37,800,000	36,700,000	33,700,000	33,500,000	32,000,000	20,400,000	12,700,000	5,700,000	4,700,000	3,500,000	3,200,000	3,200,000	3,200,000	3,100,000	3,100,000	3,200,000
other operating expense	28,500,000	-8,900,000	600,000	100,000	-300,000	500,000	-3,300,000	3,200,000	1,800,000		1,400,000		200,000		400,000	-2,400,000	6,700,000
operating profit	211,900,000	238,400,000	168,400,000	234,600,000	182,200,000	214,100,000	190,900,000	203,200,000	190,100,000	209,300,000	153,000,000	158,300,000	137,700,000	149,900,000	131,900,000	105,500,000	100,000,000	128,700,000	137,800,000	206,500,000	145,100,000	166,300,000	178,900,000	172,100,000	153,500,000	196,000,000	102,600,000	198,200,000	186,300,000	293,900,000	70,900,000	187,800,000	164,300,000	164,500,000	116,100,000	190,500,000	137,500,000	76,200,000	108,300,000	142,000,000	162,500,000	132,900,000	40,800,000	81,300,000	49,700,000	40,900,000	-240,600,000	8,000,000	-300,000	25,200,000	24,400,000	24,200,000	28,900,000	30,300,000	33,100,000	41,500,000	33,200,000	31,300,000
yoy	16.30%	11.35%	-11.79%	15.45%	-4.16%	2.29%	24.77%	28.36%	38.05%	39.63%	16.00%	50.05%	37.70%	16.47%	-4.28%	-48.91%	-31.08%	-22.61%	-22.97%	19.99%	-5.47%	-15.15%	74.37%	-13.17%	-17.61%	-33.31%	44.71%	5.54%	13.39%	78.66%	-38.93%	-1.42%	19.49%	115.88%	7.20%	34.15%	-15.38%	-42.66%	165.44%	74.66%	226.96%	224.94%	-116.96%	916.25%	-16666.67%	62.30%	-1086.07%	-66.94%	-101.04%	-16.83%	-26.28%	-41.69%	-12.95%	-3.19%
qoq	-11.12%	41.57%	-28.22%	28.76%	-14.90%	12.15%	-6.05%	6.89%	-9.17%	36.80%	-3.35%	14.96%	-8.14%	13.65%	25.02%	5.50%	-22.30%	-6.60%	-33.27%	42.32%	-12.75%	-7.04%	3.95%	12.12%	-21.68%	91.03%	-48.23%	6.39%	-36.61%	314.53%	-62.25%	14.30%	-0.12%	41.69%	-39.06%	38.55%	80.45%	-29.64%	-23.73%	-12.62%	22.27%	225.74%	-49.82%	63.58%	21.52%	-117.00%	-3107.50%	-2766.67%	-101.19%	3.28%	0.83%	-16.26%	-4.62%	-8.46%	-20.24%	25.00%	6.07%
operating margin %	10.37%	10.96%	7.49%	11.82%	9.33%	10.84%	9.50%	10.43%	9.51%	10.65%	7.86%	8.51%	8.50%	9.57%	8.35%	6.92%	7.09%	7.83%	8.13%	12.99%	9.78%	11.41%	12.68%	12.88%	10.27%	13.45%	7.11%	13.77%	13.42%	20.82%	4.35%	11.68%	10.36%	11.48%	8.02%	14.98%	10.95%	6.10%	8.59%	11.40%	12.78%	10.64%	3.11%	6.71%	4.72%	3.81%	-23.07%	1.26%	-0.07%	8.48%	8.36%	9.41%	11.64%	12.79%	13.39%	17.16%	13.25%	14.27%
interest expense	105,700,000	103,400,000	101,800,000	88,500,000	87,000,000	84,100,000	79,600,000	78,800,000	80,000,000	78,100,000	76,700,000	72,700,000	63,800,000	65,900,000	72,200,000	75,600,000	87,200,000	91,200,000	92,500,000	91,900,000	94,800,000	96,600,000	95,300,000	96,400,000	94,000,000	102,900,000	91,900,000	85,600,000	85,500,000	59,400,000	99,100,000	98,900,000	98,800,000	90,500,000	85,200,000	76,500,000	80,200,000	72,900,000	74,200,000	77,300,000	77,200,000	77,800,000	102,600,000	65,000,000	59,800,000	60,100,000	60,400,000	57,000,000	37,300,000	29,000,000	25,500,000	19,200,000	21,600,000	19,200,000	16,100,000	16,100,000	15,100,000
loss on extinguishment of debt		17,500,000				5,800,000			300,000		-19,300,000	-6,400,000	-6,100,000		-81,700,000	-10,200,000	19,300,000								60,000,000	12,900,000				6,100,000	-400,000	-6,100,000	300,000	37,300,000		160,400,000	62,500,000
expense on swaps	-1,700,000		400,000	2,600,000	5,500,000	-15,400,000	11,000,000	-3,100,000	-13,300,000	21,100,000			9,000,000	-12,300,000	-45,100,000	-131,600,000		36,900,000	-17,200,000	121,600,000	-185,600,000		-5,300,000	29,200,000	224,600,000		105,700,000	86,200,000
other expense	-2,000,000		425,000	200,000	7,300,000								-3,500,000				1,700,000														-17,600,000	-17,200,000			8,500,000	45,200,000	-1,000,000	-144,500,000	13,500,000	62,600,000	90,900,000	15,900,000	51,000,000	-41,900,000	28,800,000	54,600,000	1,700,000	6,800,000									-1,000,000	-600,000
earnings before income taxes and equity method earnings	109,900,000	124,000,000
income tax expense	28,100,000	27,300,000	21,900,000	34,700,000	20,000,000	32,100,000	16,300,000	31,700,000	28,600,000	28,500,000	29,300,000	26,800,000	18,900,000	24,700,000	42,400,000	35,000,000	21,100,000	-5,800,000	5,400,000	28,500,000	29,500,000	23,200,000	15,200,000	5,000,000	-47,100,000	30,400,000	-43,500,000	7,400,000			12,500,000	15,400,000		-255,800,000	8,200,000	-32,100,000	-200,000	50,200,000	500,000	-1,200,000	-10,500,000	13,700,000	-40,300,000	34,200,000											6,075,000	9,600,000	8,600,000	6,100,000
equity method earnings, net of tax	-200,000	-300,000
net earnings including noncontrolling interest	82,000,000	97,000,000	71,175,000	108,700,000	62,600,000	113,400,000																					-60,700,000	16,500,000	44,300,000	125,900,000	-15,400,000	96,800,000	91,800,000	295,200,000
less: net earnings attributable to noncontrolling interest	100,000	200,000		-100,000		100,000																					400,000	300,000	300,000	300,000	200,000	300,000	300,000	300,000
net earnings	81,900,000	96,800,000	51,000,000	108,800,000	62,600,000	113,300,000	81,600,000	99,800,000	97,200,000	88,100,000	65,700,000	89,600,000	54,100,000	91,900,000	83,900,000	170,200,000	523,300,000	-20,800,000	29,900,000	-54,300,000	109,900,000	81,200,000	57,000,000	36,000,000	-191,400,000	99,200,000	-61,100,000	16,200,000	44,000,000	125,600,000	-15,600,000	96,500,000	91,500,000	294,900,000	14,200,000	-59,500,000	-4,000,000	97,600,000	8,425,000	3,300,000	4,900,000	25,500,000	-72,500,000	24,000,000	30,500,000		-287,400,000	-35,100,000	-18,300,000	-2,400,000	-900,000	3,400,000	5,100,000	7,600,000	10,800,000	15,800,000	10,500,000	12,800,000
yoy	30.83%	-14.56%	-37.50%	9.02%	-35.60%	28.60%	24.20%	11.38%	79.67%	-4.13%	-21.69%	-47.36%	-89.66%	-541.83%	180.60%	-413.44%	376.16%	-125.62%	-47.54%	-250.83%	-157.42%	-18.15%	-193.29%	122.22%	-535.00%	-21.02%	291.67%	-83.21%	-51.91%	-57.41%	-209.86%	-262.18%	-2387.50%	202.15%	68.55%	-1903.03%	-181.63%	282.75%	-111.62%	-86.25%	-83.93%		-74.77%	-168.38%	-266.67%		31833.33%	-1132.35%	-458.82%	-131.58%	-108.33%	-78.48%	-51.43%	-40.63%
qoq	-15.39%	89.80%	-53.13%	73.80%	-44.75%	38.85%	-18.24%	2.67%	10.33%	34.09%	-26.67%	65.62%	-41.13%	9.54%	-50.71%	-67.48%	-2615.87%	-169.57%	-155.06%	-149.41%	35.34%	42.46%	58.33%	-118.81%	-292.94%	-262.36%	-477.16%	-63.18%	-64.97%	-905.13%	-116.17%	5.46%	-68.97%	1976.76%	-123.87%	1387.50%	-104.10%	1058.46%	155.30%	-32.65%	-80.78%	-135.17%	-402.08%	-21.31%			718.80%	91.80%	662.50%	166.67%	-126.47%	-33.33%	-32.89%	-29.63%	-31.65%	50.48%	-17.97%
net income margin %	4.01%	4.45%	2.27%	5.48%	3.21%	5.74%	4.06%	5.12%	4.86%	4.48%	3.38%	4.82%	3.34%	5.87%	5.31%	11.16%	37.12%	-1.27%	1.76%	-3.42%	7.41%	5.57%	4.04%	2.69%	-12.81%	6.81%	-4.23%	1.13%	3.17%	8.90%	-0.96%	6.00%	5.77%	20.58%	0.98%	-4.68%	-0.32%	7.81%	0.67%	0.26%	0.39%	2.04%	-5.54%	1.98%	2.90%	0%	-27.55%	-5.55%	-4.18%	-0.81%	-0.31%	1.32%	2.05%	3.21%	4.37%	6.53%	4.19%	5.84%
earnings per common share:
basic	1,710,000	1,870,000	970,000	1,950,000	1,110,000	1,940,000	1,400,000	1,660,000	1,600,000	1,460,000	1,080,000	1,490,000	980,000	1,660,000	1,460,000	2,770,000	8,470,000	-250,000	400,000	-950,000	1,710,000	1,240,000	820,000	530,000	-2,760,000	1,400,000	-890,000	220,000	610,000	1,850,000	1,782,500	1,410,000	1,330,000	4,420,000	87,500	-930,000	-110,000	1,360,000	42,500		20,000	160,000	-255,000	340,000	480,000		-460,000	-920,000	-670,000	-150,000	100,000	30,000	130,000
diluted	1,560,000	1,710,000	910,000	1,790,000	1,030,000	1,780,000	1,280,000	1,530,000	1,480,000	1,350,000	1,000,000	1,380,000	920,000	1,520,000	1,270,000	2,720,000	8,400,000	-250,000	390,000	-950,000	1,690,000	1,210,000	820,000	520,000	-2,760,000	1,380,000	-810,000	210,000	580,000	1,670,000	1,585,000	1,290,000	1,200,000	3,820,000	85,000	-930,000	-110,000	1,220,000	42,500		20,000	150,000	-255,000	330,000	450,000		-460,000	-920,000	-670,000	-150,000	100,000	30,000	130,000
weighted-average common shares outstanding:
basic	47,900,000	51,700,000	56,100,000	55,700,000	56,400,000	58,300,000	59,900,000	60,000,000	60,800,000	60,500,000	60,000,000	61,600,000	58,800,000	58,800,000	60,900,000	60,400,000	61,700,000	62,500,000	64,200,000	63,700,000	64,100,000	65,700,000	68,900,000	68,100,000	69,300,000	70,700,000	70,800,000	73,300,000	70,600,000	66,700,000	66.6	67,000,000	66,800,000	66,000,000	67.8	67,500,000	68,200,000	69,200,000	68.8	69,200,000	69,100,000	67,400,000	56.7	58,900,000	54,500,000	49,800,000	39.7	42,600,000	33,600,000	32,700,000	32.7	32,700,000	32,650,000	32.6	34.3	34.3	34.3
diluted	54,100,000	58,200,000	62,900,000	62,400,000	63,100,000	65,200,000	66,900,000	67,000,000	67,600,000	67,300,000	67,000,000	68,500,000	65,700,000	65,800,000	62,700,000	61,600,000	62,200,000	62,500,000	65,300,000	63,700,000	65,100,000	66,900,000	70,100,000	69,200,000	69,300,000	72,100,000	75,100,000	75,400,000	75,300,000	75,100,000	75.9	75,000,000	76,000,000	77,300,000	69.9	67,500,000	68,200,000	79,700,000	68.8	69,200,000	70,500,000	68,800,000	56.7	60,800,000	67,600,000	49,800,000	39.7	42,600,000	33,600,000	32,700,000	33	33,200,000	32,900,000	32.7	34.5	34.5	34.5
income on swaps		-1,900,000									-19,500,000	-17,100,000					-128,200,000					-41,600,000				-61,400,000			63,000,000	51,700,000
other income		-4,600,000				-5,800,000	-4,300,000	-2,300,000	-2,800,000	-3,500,000	20,200,000	-16,000,000		-8,300,000	-5,800,000	-12,800,000		-3,000,000	-9,500,000	-2,900,000	-6,100,000	-10,800,000	-1,900,000	-3,100,000	-3,300,000	-3,200,000	-2,100,000	-3,700,000	-3,700,000	-3,700,000			-50,500,000	-2,700,000
earnings before income taxes and equity method (earnings) loss			72,900,000	143,300,000	82,400,000	145,400,000
equity method (earnings) loss, net of tax			-100,000	-100,000	-200,000	-100,000
gain on extinguishment of debt							-1,150,000	-1,800,000		-3,100,000				-8,700,000
earnings before income taxes and equity method loss							97,900,000	131,600,000	125,900,000	116,700,000	94,900,000	125,100,000	74,500,000	118,400,000	146,600,000	219,600,000	567,700,000	3,600,000	72,000,000	-4,200,000	147,300,000	122,100,000	90,800,000	49,600,000	-221,800,000	144,800,000	-92,900,000	30,100,000	41,500,000	180,400,000
equity method loss, net of tax										100,000	100,000		200,000		17,800,000	12,000,000	18,700,000	18,600,000	17,400,000	11,600,000	7,000,000	7,900,000	8,300,000	4,200,000	11,100,000	7,300,000	11,300,000	6,200,000	8,800,000	10,700,000
net earnings including noncontrolling interests							71,325,000	99,900,000	97,300,000	88,100,000								-9,200,000	49,200,000	-44,300,000	110,800,000	91,000,000	67,300,000	40,400,000	-185,800,000	107,100,000
less: net earnings attributable to noncontrolling interests							50,000	100,000	100,000									11,600,000	19,300,000	10,000,000	900,000	9,800,000	10,300,000	4,400,000	5,600,000	7,900,000
other operating income										-5,300,000				-100,000				-3,400,000												-100,000
gain on investment in bellring														-5,100,000	45,700,000	-35,100,000	-447,700,000
net earnings from continuing operations, including noncontrolling interests											65,500,000	98,300,000	55,400,000	93,700,000	86,400,000	172,600,000	527,900,000
less: net earnings attributable to noncontrolling interests from continuing operations											-200,000	8,700,000	1,300,000	1,800,000	2,500,000	2,400,000	2,300,000
net earnings from continuing operations											65,700,000	89,600,000	54,100,000	91,900,000	83,900,000	170,200,000	525,600,000
net earnings from discontinued operations, net of tax and noncontrolling interest																	-2,300,000
earnings from continuing operations per common share:
basic											1,080,000	1,490,000	980,000	1,660,000	1,460,000	2,770,000	8,510,000
diluted											1,000,000	1,380,000	920,000	1,520,000	1,280,000	2,720,000	8,440,000
earnings from discontinued operations per common share:
basic																	-40,000
diluted															-10,000		-40,000
other operating expenses																			7,400,000	-12,700,000	-2,000,000	-2,600,000	-8,500,000	400,000	300,000		-200,000	400,000	1,400,000		300,000	800,000	700,000		400,000	100,000	300,000		-200,000	2,000,000	3,100,000	4,500,000	-3,300,000	5,200,000	15,700,000	7,500,000	2,500,000	300,000	100,000	100,000	500,000	500,000	300,000	100,000	2,100,000	100,000	500,000
loss on extinguishment and refinancing of debt																				100,000	94,700,000
gain on sale of business																											700,000		-2,600,000	-124,700,000
less: preferred stock dividends																													1,000,000	2,000,000
net earnings available to common shareholders																							57,000,000	36,000,000	-191,400,000	99,200,000	-61,100,000	16,200,000	43,000,000	123,600,000	-17,600,000	94,500,000	88,900,000	291,500,000	10,900,000	-62,900,000	-7,400,000	94,200,000	3,000,000		1,500,000	10,500,000	-76,800,000	19,800,000	26,300,000
other operating expenses (income)																										100,000
income tax (benefit) expense																													-11,600,000
income tax benefit																														43,800,000			23,900,000												-69,400,000
earnings before income taxes																															66,825,000	112,200,000	115,700,000	39,400,000	22,400,000	-91,600,000	-4,200,000	147,800,000	8,925,000	2,100,000	-5,600,000	39,200,000	-112,800,000	58,200,000			-329,700,000	-55,800,000	-37,600,000	-3,800,000	-1,100,000	5,000,000	7,300,000	11,100,000	17,000,000	25,400,000	19,100,000	18,900,000
preferred stock dividends																															-2,000,000	-2,000,000	-2,600,000	-3,400,000	-3,300,000	-3,400,000	-3,400,000	-3,400,000	-3,400,000	-3,300,000	-3,400,000	-15,000,000	-4,300,000	-4,200,000	-4,200,000	-4,300,000	-4,300,000	-4,200,000	-4,300,000	-2,600,000	-2,300,000	-2,300,000	-800,000
loss on foreign currency																																													2,700,000	1,200,000	1,100,000	-600,000	11,900,000
income before income taxes																																													-38,900,000	-73,800,000
income tax provision																																														23,500,000	-10,350,000	-20,700,000	-19,300,000	-1,400,000	1,825,000	1,600,000	2,200,000	3,500,000
net income																																														-97,300,000
net loss available to common shareholders																																														-101,600,000
loss per common share:
basic																																														-2,040,000
diluted																																														-2,040,000
restructuring expenses																																															200,000	200,000	200,000	500,000
net earnings available to common stockholders																																															-291,700,000	-39,300,000	-22,600,000	-5,000,000	-3,200,000	1,100,000	4,300,000
restructuring expense																																																			750,000	3,000,000
earnings per share:
basic																																																						0.23	0.31	0.46	0.31
diluted																																																						0.23	0.32	0.46	0.3
impairment of intangible assets
intercompany interest expense																																																										13,000,000
earnings per share
basic and diluted																																																										0.37
weighted-average common shares outstanding:
basic and diluted																																																										34.4

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31

assets
current assets
cash and cash equivalents	269,400,000	279,300,000	176,700,000	1,056,300,000	617,600,000	872,900,000	787,400,000	333,800,000	333,400,000	150,600,000	93,300,000	208,800,000	490,700,000	606,800,000	586,500,000	263,500,000	489,800,000	1,158,000,000	817,100,000	775,900,000	740,500,000	1,118,000,000	1,187,900,000	1,043,600,000	1,179,400,000	812,600,000	1,050,700,000	364,700,000	149,700,000	222,900,000	989,700,000	342,600,000	309,200,000	1,944,500,000	1,525,900,000	2,472,700,000	1,484,900,000	869,100,000	1,143,600,000	1,033,200,000	868,200,000	802,400,000	841,400,000	274,300,000	579,000,000	176,700,000	268,400,000	377,300,000	825,900,000	884,900,000	402,000,000	243,600,000	365,400,000	310,900,000	58,200,000	83,500,000	64,100,000	12,900,000
restricted cash	2,000,000	5,400,000	6,100,000	7,700,000	7,700,000	2,200,000	3,500,000	10,000,000	14,200,000	15,400,000	23,900,000	18,000,000	5,400,000	3,100,000	3,600,000	4,000,000	3,500,000	2,100,000	7,100,000	6,400,000	2,100,000	500,000	5,500,000	11,100,000	17,200,000	2,500,000	3,800,000	1,800,000	2,200,000	10,600,000	4,800,000	6,000,000	2,300,000	2,600,000	4,200,000	5,900,000	6,200,000	13,000,000	8,400,000	2,700,000	8,400,000	14,100,000	18,800,000	10,700,000	13,600,000	13,600,000	84,800,000	5,300,000	1,800,000	1,100,000	38,100,000
receivables	728,800,000	680,600,000	735,400,000	694,400,000	697,800,000	608,400,000	582,900,000	536,100,000	569,300,000	586,700,000	512,400,000	564,900,000	576,300,000	539,100,000	544,200,000	551,300,000	477,800,000	531,800,000	553,900,000	562,900,000	554,800,000	452,700,000	441,600,000	419,500,000	551,200,000	451,800,000	445,100,000	473,400,000	500,400,000	452,500,000	462,300,000	530,400,000	569,000,000	468,300,000	480,600,000	480,300,000	484,300,000	410,400,000	385,000,000	367,000,000	386,800,000	367,500,000	366,200,000	399,200,000	348,700,000	409,000,000	413,700,000	404,100,000	185,500,000	84,900,000	83,200,000	72,800,000	74,300,000	66,700,000	56,500,000
inventories	911,600,000	908,200,000	875,000,000	772,300,000	718,600,000	739,900,000	754,200,000	795,000,000	802,700,000	824,800,000	789,900,000	779,300,000	594,300,000	596,600,000	549,100,000	524,500,000	517,500,000	621,600,000	594,500,000	670,100,000	639,700,000	584,400,000	599,400,000	609,600,000	569,000,000	588,200,000	579,800,000	560,600,000	555,100,000	498,900,000	484,200,000	579,100,000	591,400,000	587,200,000	573,500,000	526,600,000	513,000,000	513,400,000	503,100,000	508,600,000	491,500,000	487,200,000	465,300,000	491,300,000	461,900,000	436,500,000	380,700,000	391,200,000	224,500,000	120,800,000	121,900,000	99,800,000	97,300,000	100,100,000	78,600,000	77,700,000	71,100,000	79,300,000
current assets held for sale	21,100,000		116,300,000																								9,900,000				195,000,000
prepaid expenses and other current assets	118,900,000	98,800,000	115,400,000	112,200,000	125,800,000	124,600,000	103,600,000	81,300,000	91,300,000	83,200,000	59,000,000	69,300,000	112,100,000	103,000,000	98,400,000	119,400,000	127,200,000	121,500,000	113,500,000	83,900,000	128,400,000	100,900,000	53,400,000	48,500,000	66,900,000	66,100,000	37,000,000	42,500,000	46,400,000	57,500,000	64,300,000	71,000,000	79,600,000	47,000,000	31,700,000	34,700,000	36,700,000	44,000,000	36,800,000	51,600,000	55,000,000	45,400,000	42,300,000	71,000,000	49,200,000	38,700,000	44,400,000	31,000,000	53,200,000	10,800,000	11,000,000	14,900,000	20,600,000	9,600,000	15,300,000	6,600,000	6,300,000	2,100,000
total current assets	2,051,800,000	1,972,300,000	2,024,900,000	2,642,900,000	2,167,500,000	2,348,000,000	2,231,600,000	1,756,200,000	1,810,900,000	1,660,700,000	1,478,500,000	1,640,300,000	2,131,100,000	2,197,400,000	2,223,400,000	2,291,000,000	2,063,500,000	2,435,000,000	2,086,100,000	2,099,200,000	2,065,500,000	2,256,500,000	2,287,800,000	2,132,300,000	2,383,700,000	1,921,200,000	2,126,300,000	1,443,000,000	1,253,800,000	1,242,400,000	2,200,300,000	1,529,100,000	1,551,500,000	3,049,600,000	2,615,900,000	3,520,200,000	2,525,100,000	1,849,900,000	2,076,900,000	1,963,100,000	1,809,900,000	1,716,600,000	1,781,700,000	1,269,300,000	1,475,200,000	1,096,300,000	1,219,000,000	1,240,600,000	1,315,600,000	1,114,600,000	668,100,000	431,100,000	557,600,000	489,800,000	209,700,000	233,600,000	210,600,000	151,000,000
property	2,652,100,000	2,682,600,000	2,698,700,000	2,441,200,000	2,381,200,000	2,299,900,000	2,311,700,000	2,187,700,000	2,145,100,000	2,124,600,000	2,021,400,000	1,992,600,000	1,785,700,000	1,756,500,000	1,751,900,000	1,727,400,000	1,736,300,000	1,769,000,000	1,839,400,000	1,846,300,000	1,776,600,000	1,776,000,000	1,779,700,000	1,721,800,000	1,729,200,000	1,764,200,000	1,736,000,000	1,722,000,000	1,718,700,000	1,715,000,000	1,709,700,000	1,834,500,000	1,848,800,000	1,678,400,000	1,690,700,000	1,366,900,000	1,345,800,000	1,350,800,000	1,354,400,000	1,339,900,000	1,341,900,000	1,368,600,000	1,333,200,000	1,344,600,000	827,400,000	860,100,000	831,900,000	850,000,000	491,100,000	387,700,000	388,500,000	390,200,000	388,000,000	396,300,000	405,100,000	409,400,000	417,400,000	411,000,000
goodwill	4,829,000,000	4,845,800,000	4,844,700,000	4,788,900,000	4,734,200,000	4,641,200,000	4,700,700,000	4,648,700,000	4,647,000,000	4,652,400,000	4,574,400,000	4,649,000,000	4,434,600,000	4,416,300,000	4,349,600,000	4,420,300,000	4,475,200,000	4,566,700,000	4,567,500,000	4,597,100,000	4,574,600,000	4,492,000,000	4,438,600,000	4,401,400,000	4,404,600,000	4,460,700,000	4,399,800,000	4,476,000,000	4,498,900,000	4,478,500,000	4,499,600,000	4,927,800,000	4,979,900,000	4,039,200,000	4,032,000,000	3,126,000,000	3,125,900,000	3,127,100,000	3,079,700,000	3,081,500,000	3,081,400,000	3,072,800,000	3,072,800,000	3,142,100,000	2,943,100,000	2,948,400,000	2,886,700,000	3,097,300,000	1,910,800,000	1,489,600,000	1,489,700,000	1,441,300,000	1,370,000,000	1,370,100,000	1,366,600,000	1,366,400,000	1,366,500,000	1,429,400,000
other intangible assets	2,837,400,000	2,963,300,000	3,014,600,000	3,013,700,000	3,039,400,000	3,070,600,000	3,146,000,000	3,169,000,000	3,214,700,000	3,262,500,000	3,212,400,000	3,272,400,000	2,679,400,000	2,707,200,000	2,712,200,000	2,781,900,000	2,830,500,000	3,097,200,000	3,147,500,000	3,197,900,000	3,214,200,000	3,182,500,000	3,197,500,000	3,219,500,000	3,261,100,000	3,328,300,000	3,338,500,000	3,406,900,000	3,458,600,000	3,488,800,000	3,539,300,000	3,984,700,000	4,067,800,000	3,316,600,000	3,353,900,000	2,768,300,000	2,807,200,000	2,843,300,000	2,833,700,000	2,873,100,000	2,911,300,000	2,943,200,000	2,969,300,000	3,019,100,000	2,694,200,000	2,737,500,000	2,643,000,000	2,749,400,000	1,420,700,000	892,700,000	898,400,000	793,400,000	733,400,000	736,600,000	736,000,000	739,200,000	742,300,000	745,500,000
other assets held for sale	60,300,000		424,800,000																												856,600,000
other assets	546,600,000	520,300,000	520,700,000	482,900,000	476,800,000	459,900,000	464,200,000	366,900,000	373,400,000	372,200,000	360,000,000	332,600,000	286,000,000	277,600,000	266,800,000	317,300,000	346,800,000	348,100,000	358,500,000	388,700,000	410,400,000	326,500,000	329,000,000	330,400,000	332,600,000	330,600,000	205,500,000	192,900,000	189,700,000	192,000,000	252,000,000	246,000,000	225,200,000	196,000,000	184,300,000	22,800,000	21,600,000	16,700,000	15,900,000	58,100,000	60,000,000	62,200,000	63,400,000	84,600,000	75,300,000	74,400,000	150,500,000	79,100,000	43,800,000	36,100,000	26,700,000	25,200,000	25,600,000	22,000,000	14,900,000	14,900,000	15,900,000	1,400,000
total assets	12,977,200,000	12,984,300,000	13,528,400,000	13,369,600,000	12,799,100,000	12,819,600,000	12,854,200,000	12,128,500,000	12,191,100,000	12,072,400,000	11,646,700,000	11,886,900,000	11,316,800,000	11,355,000,000	11,308,000,000	11,560,200,000	11,830,700,000	12,612,900,000	12,414,700,000	12,562,400,000	12,141,000,000	12,140,300,000	12,146,700,000	11,927,700,000	12,237,600,000	11,943,500,000	11,951,600,000	11,397,900,000	11,282,800,000	11,284,800,000	13,057,500,000	12,522,100,000	12,673,200,000	12,279,800,000	11,876,800,000	10,804,200,000	9,825,600,000	9,187,800,000	9,360,600,000	9,315,700,000	9,204,500,000	9,163,400,000	9,220,400,000	8,859,700,000	8,015,200,000	7,716,700,000	7,731,100,000	8,018,200,000	5,184,100,000	4,289,100,000	3,473,800,000	3,081,200,000	3,074,600,000	3,014,800,000	2,732,300,000	2,763,500,000	2,752,700,000	2,798,700,000
liabilities and shareholders’ equity
current liabilities
current portion of long-term debt	1,300,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,200,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	1,100,000	36,100,000	117,400,000	115,600,000	74,300,000	36,100,000	64,900,000	36,100,000	36,100,000	156,500,000	13,500,000	10,100,000	6,700,000	3,400,000	22,100,000	28,600,000	25,100,000	22,100,000	22,100,000	22,700,000	4,500,000	8,800,000	12,300,000	15,900,000	15,700,000	16,200,000	16,000,000	32,100,000	24,900,000	24,700,000	25,600,000	25,700,000						17,500,000	15,300,000	13,100,000	10,900,000
accounts payable	618,300,000	579,200,000	624,000,000	529,000,000	559,800,000	563,200,000	483,800,000	392,600,000	396,300,000	412,600,000	368,800,000	389,200,000	402,700,000	426,300,000	452,700,000	400,700,000	386,000,000	426,000,000	473,700,000	440,900,000	406,500,000	374,000,000	367,900,000	314,600,000	317,100,000	332,100,000	395,600,000	325,400,000	325,500,000	331,600,000	365,100,000	346,600,000	323,200,000	351,200,000	336,000,000	214,800,000	210,300,000	235,000,000	264,400,000	227,800,000	224,300,000	233,400,000	265,200,000	258,200,000	229,300,000	231,800,000	225,000,000	195,200,000	112,600,000	56,800,000	77,100,000	45,900,000	57,600,000	42,200,000	50,000,000	34,700,000	43,200,000	30,700,000
current liabilities held for sale	10,000,000		55,500,000																												65,600,000
other current liabilities	477,300,000	459,300,000	532,400,000	488,100,000	454,800,000	416,900,000	459,900,000	463,400,000	442,000,000	421,600,000	435,400,000	405,000,000	375,700,000	360,800,000	370,000,000	355,900,000	406,900,000	479,300,000	458,100,000	374,400,000	409,300,000	480,000,000	541,600,000	397,300,000	383,700,000	394,500,000	393,800,000	380,200,000	317,200,000	462,100,000	339,300,000	412,700,000	345,000,000	378,900,000	346,300,000	309,800,000	241,600,000	298,400,000	357,300,000	370,200,000	316,600,000	314,800,000	329,800,000	295,300,000	282,900,000	328,200,000	269,300,000	247,400,000	117,100,000	94,300,000	68,900,000	72,400,000	53,200,000	79,700,000	61,100,000	63,300,000	51,200,000	50,000,000
total current liabilities	1,106,900,000	1,039,700,000	1,213,100,000	1,018,300,000	1,015,800,000	981,300,000	944,900,000	857,200,000	839,500,000	835,300,000	805,300,000	795,300,000	779,500,000	788,200,000	823,800,000	757,700,000	794,000,000	941,400,000	1,049,200,000	930,900,000	890,100,000	890,100,000	974,400,000	748,000,000	736,900,000	883,100,000	802,900,000	715,700,000	649,400,000	797,100,000	792,100,000	787,900,000	693,300,000	752,200,000	704,400,000	547,300,000	456,400,000	542,200,000	634,000,000	613,900,000	556,600,000	564,400,000	611,000,000	585,600,000	537,100,000	584,700,000	519,900,000	468,300,000	229,700,000	151,100,000	146,000,000	118,300,000	110,800,000	139,400,000	126,400,000	111,100,000	105,300,000	148,700,000
long-term debt	7,629,100,000	7,457,900,000	7,421,700,000	7,346,000,000	6,944,600,000	6,944,400,000	6,811,600,000	6,397,800,000	6,414,600,000	6,314,000,000	6,039,000,000	6,186,100,000	5,837,100,000	5,886,800,000	5,956,600,000	6,032,400,000	6,105,900,000	7,429,000,000	6,922,800,000	6,932,100,000	6,981,000,000	6,972,100,000	6,959,000,000	6,776,900,000	7,171,300,000	6,382,600,000	7,066,000,000	6,324,500,000	6,326,200,000	6,336,500,000	7,232,100,000	7,235,800,000	7,392,600,000	7,512,600,000	7,149,100,000	6,368,500,000	5,266,000,000	4,552,500,000	4,551,200,000	4,493,000,000	4,498,200,000	4,506,200,000	4,511,400,000	4,495,900,000	3,815,100,000	3,823,400,000	3,830,500,000	3,838,600,000	2,302,100,000	1,932,900,000	1,408,600,000	1,039,200,000	1,039,500,000	1,190,700,000	930,300,000	934,700,000	939,100,000
deferred income taxes	657,000,000	660,200,000	638,500,000	654,400,000	656,700,000	663,200,000	653,000,000	645,900,000	666,700,000	684,600,000	674,400,000	694,000,000	675,000,000	691,600,000	688,400,000	707,100,000	702,300,000	838,400,000	863,900,000	879,200,000	858,500,000	808,500,000	784,500,000	767,300,000	771,000,000	842,400,000	688,500,000	723,900,000	751,600,000	781,200,000	778,400,000	869,800,000	860,500,000	643,600,000	905,800,000	793,100,000	814,000,000	806,500,000					47,700,000	22,800,000	22,800,000	21,800,000	27,000,000	31,700,000	24,700,000	12,100,000	11,900,000	303,500,000	310,100,000	1,600,000	1,100,000	3,100,000	1,500,000	3,800,000
other liabilities held for sale	11,700,000		119,700,000																												695,100,000
other liabilities	367,300,000	358,400,000	371,600,000	344,000,000	340,600,000	332,600,000	343,400,000	271,800,000	279,600,000	285,700,000	276,700,000	251,700,000	230,700,000	240,400,000	266,900,000	350,900,000	435,200,000	527,500,000	519,600,000	682,400,000	524,400,000	565,100,000	599,800,000	755,900,000	693,200,000	523,800,000	456,900,000	416,500,000	310,700,000	213,600,000	499,300,000	549,600,000	597,100,000	331,000,000	327,800,000	344,200,000	301,000,000	302,600,000	440,300,000	431,200,000	368,600,000	313,000,000	290,200,000	237,700,000	279,900,000	240,200,000	182,400,000	138,000,000	120,700,000	117,000,000	116,300,000	135,700,000	131,900,000	129,500,000	129,200,000	105,200,000	106,400,000	107,200,000
total liabilities	9,772,000,000	9,516,200,000	9,764,600,000	9,362,700,000	8,957,700,000	8,921,500,000	8,752,900,000	8,172,700,000	8,200,400,000	8,119,600,000	7,795,400,000	7,927,100,000	7,522,300,000	7,607,000,000	7,735,700,000	7,848,100,000	8,037,400,000	9,736,300,000	9,355,500,000	9,424,600,000	9,254,000,000	9,235,800,000	9,317,700,000	9,048,100,000	9,372,400,000	8,631,900,000	9,014,300,000	8,180,600,000	8,037,900,000	8,128,400,000	9,997,000,000	9,443,100,000	9,543,500,000	9,239,400,000	9,087,100,000	8,053,100,000	6,837,400,000	6,203,800,000	6,352,000,000	6,275,500,000	6,197,800,000	6,183,800,000	6,244,400,000	6,190,700,000	5,491,300,000	5,543,400,000	5,447,900,000	5,422,000,000	3,092,700,000	2,503,400,000	1,975,200,000	1,596,700,000	1,592,300,000	1,773,600,000	1,500,800,000	1,479,500,000	1,484,100,000	1,301,300,000
shareholders’ equity
common stock	900,000	900,000		900,000	900,000	900,000		900,000	900,000	900,000		900,000	900,000	900,000		900,000	900,000	900,000		800,000	800,000	800,000		800,000	800,000	800,000		800,000	800,000	800,000		800,000	800,000	700,000		700,000	700,000	700,000		700,000	700,000	700,000		600,000	500,000	500,000		500,000	400,000	300,000		300,000	300,000	300,000
additional paid-in capital	5,376,900,000	5,356,800,000	5,370,700,000	5,350,000,000	5,330,400,000	5,306,300,000	5,331,500,000	5,312,500,000	5,240,100,000	5,273,100,000	5,288,100,000	5,268,700,000	4,757,500,000	4,737,400,000	4,748,200,000	4,728,300,000	4,711,700,000	4,247,700,000	4,253,500,000	4,249,200,000	4,237,700,000	4,226,200,000	4,182,900,000	4,218,000,000	4,207,000,000	4,195,600,000	3,734,800,000	3,653,400,000	3,643,100,000	3,592,400,000	3,590,900,000	3,581,400,000	3,574,000,000	3,565,600,000	3,566,500,000	3,569,800,000	3,567,100,000	3,559,200,000	3,546,000,000	3,537,700,000	3,506,900,000	3,526,400,000	3,538,800,000	3,130,700,000	3,017,100,000	2,670,600,000	2,669,300,000	2,670,000,000	2,138,200,000	1,811,200,000	1,517,200,000	1,514,600,000	1,512,200,000	1,275,200,000	1,272,600,000	1,271,300,000	1,270,300,000
retained earnings	2,297,600,000	2,215,700,000	2,118,900,000	2,067,900,000	1,959,100,000	1,896,500,000	1,783,200,000	1,701,600,000	1,601,800,000	1,504,600,000	1,416,500,000	1,350,800,000	1,253,800,000	1,201,000,000	1,109,000,000	1,024,000,000	852,000,000	326,600,000	347,300,000	310,100,000	399,700,000	289,800,000	208,600,000	151,600,000	115,600,000	307,000,000	207,800,000	268,900,000	252,700,000	210,700,000	88,000,000	106,300,000	11,800,000																21,000,000	42,900,000	47,600,000	50,700,000	49,300,000	44,200,000	36,600,000	25,800,000	10,000,000
accumulated other comprehensive income	-18,500,000	12,100,000	8,700,000	47,000,000	-52,900,000	-102,900,000	6,400,000								-262,900,000	-117,000,000	7,300,000	48,100,000	42,900,000	97,600,000	86,800,000	72,300,000											42,800,000
treasury stock	-4,462,600,000	-4,128,300,000	-3,746,100,000	-3,469,600,000	-3,406,900,000	-3,213,500,000	-3,031,400,000	-2,982,800,000	-2,773,100,000	-2,765,000,000	-2,728,300,000	-2,591,700,000	-2,424,900,000	-2,365,200,000	-2,341,200,000	-2,241,200,000	-2,095,400,000	-2,057,200,000	-1,902,200,000	-1,823,800,000	-1,823,800,000	-1,668,400,000	-1,508,500,000	-1,383,000,000	-1,349,800,000	-1,143,800,000	-920,700,000	-678,600,000	-655,700,000	-615,200,000	-589,900,000	-589,900,000	-510,000,000	-427,200,000	-371,200,000	-367,200,000	-186,500,000	-186,500,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000	-53,400,000
total shareholders’ equity excluding noncontrolling interest	3,194,300,000	3,457,200,000		3,996,200,000	3,830,600,000	3,887,300,000																					2,925,900,000	3,206,100,000	3,233,900,000	3,146,000,000	3,050,400,000	3,068,400,000	3,119,400,000	3,030,400,000	2,780,000,000
noncontrolling interest	10,900,000	10,900,000		10,700,000	10,800,000	10,800,000																					11,400,000	11,200,000	11,000,000	10,400,000	10,100,000	10,600,000	10,300,000	10,000,000	9,700,000
total shareholders’ equity	3,205,200,000	3,468,100,000	3,763,800,000	4,006,900,000	3,841,400,000	3,898,100,000	4,101,300,000	3,955,800,000	3,990,700,000	3,952,800,000	3,851,300,000	3,959,800,000	3,483,900,000	3,439,900,000	3,265,700,000	3,406,700,000	3,488,300,000	2,571,600,000	2,754,200,000	2,832,800,000	2,887,000,000	2,904,500,000	2,829,000,000	2,879,600,000	2,865,200,000	3,311,600,000	2,937,300,000	3,217,300,000	3,244,900,000	3,156,400,000	3,060,500,000	3,079,000,000	3,129,700,000	3,040,400,000	2,789,700,000	2,751,100,000	2,988,200,000	2,984,000,000	3,008,600,000	3,040,200,000	3,006,700,000	2,979,600,000	2,976,000,000	2,669,000,000	2,523,900,000	2,173,300,000
total liabilities and shareholders’ equity	12,977,200,000	12,984,300,000	13,528,400,000	13,369,600,000	12,799,100,000	12,819,600,000	12,854,200,000	12,128,500,000	12,191,100,000	12,072,400,000	11,646,700,000	11,886,900,000	11,316,800,000	11,355,000,000	11,308,000,000	11,560,200,000	11,830,700,000	12,612,900,000	12,414,700,000	12,562,400,000	12,141,000,000	12,140,300,000	12,146,700,000	11,927,700,000	12,237,600,000	11,943,500,000	11,951,600,000	11,397,900,000	11,282,800,000	11,284,800,000	13,057,500,000	12,522,100,000	12,673,200,000	12,279,800,000	11,876,800,000	10,804,200,000	9,825,600,000	9,187,800,000	9,360,600,000	9,315,700,000	9,204,500,000	9,163,400,000	9,220,400,000	8,859,700,000	8,015,200,000	7,716,700,000
commitments and contingencies
preferred stock, 0.01 par value...
common stock, 0.01 par value...			900,000				900,000				900,000				900,000				900,000				800,000				800,000				800,000				700,000				700,000				600,000				500,000				300,000				300,000	300,000	300,000
total shareholders’ equity excluding noncontrolling interests			3,753,100,000				4,090,600,000	3,945,100,000	3,980,300,000	3,944,000,000	3,842,100,000	3,950,000,000	3,473,000,000	3,428,300,000	3,254,000,000	3,395,000,000	3,476,500,000	2,566,100,000	2,742,400,000	2,833,900,000	2,901,200,000	2,920,700,000	2,854,500,000	2,916,300,000	2,907,100,000	3,357,800,000
noncontrolling interests			10,700,000				10,700,000	10,700,000	10,400,000	8,800,000	9,200,000	9,800,000	10,900,000	11,600,000	11,700,000	11,700,000	11,800,000	5,500,000	11,800,000	-1,100,000	-14,200,000	-16,200,000	-25,500,000	-36,700,000	-41,900,000	-46,200,000
accumulated other comprehensive loss								-87,100,000	-89,400,000	-69,600,000	-135,100,000	-78,700,000	-114,300,000	-145,800,000									-29,300,000	-71,100,000	-66,500,000	-1,800,000	-96,800,000	-38,400,000	-7,000,000	-42,700,000	-39,400,000	-30,200,000		-27,600,000	-40,000,000	-62,000,000	-62,400,000	-62,700,000	-60,400,000	-57,500,000	-56,900,000	-98,600,000	-89,100,000	-60,500,000	-67,900,000	-41,500,000	-27,600,000	-2,600,000	-14,900,000	-15,400,000	-13,100,000	-27,700,000	-26,100,000	-25,100,000	-24,600,000	-13,400,000	-12,000,000	-3,700,000
investment in bellring															94,800,000	482,800,000	447,700,000
investments held in trust													352,300,000	348,800,000			345,000,000	345,000,000	345,000,000	345,000,000
redeemable noncontrolling interest													310,600,000	308,100,000	306,600,000	305,400,000	305,000,000	305,000,000	305,000,000	305,000,000
current investments held in trust															346,800,000	345,500,000
current assets of discontinued operations
equity method investments															4,100,000	22,300,000	33,400,000	51,900,000	70,700,000	88,200,000	99,700,000	106,800,000	114,100,000	122,300,000	126,400,000	138,500,000	145,500,000	157,100,000	163,100,000	168,100,000
other assets of discontinued operations
current liabilities of discontinued operations
other liabilities of discontinued operations
preferred stock																																												100,000	100,000	100,000		100,000	100,000	100,000
2.50% series c, zero shares and 3.2 shares issued and outstanding, respectively
3.75% series b, zero and 1.5 shares issued and outstanding, respectively
2.50% series c, 3.2 shares issued and outstanding in each year
accumulated deficit																																		-81,100,000	-376,000,000	-390,200,000	-330,700,000	-326,700,000	-424,300,000	-387,300,000	-390,600,000	-395,500,000	-421,000,000	-348,500,000	-372,500,000	-403,000,000
3.75% series b, 1.5 shares issued and outstanding in each year
3.75% series b, 1.5 and 2.4 shares issued and outstanding, respectively
3.75% series b, 2.4 shares issued and outstanding																																											100,000				100,000
2.50% series c, 3.2 shares issued and outstanding
liabilities and stockholders’ equity
stockholders’ equity
(accumulated deficit) retained earnings																																															-305,700,000	-18,400,000
total stockholders’ equity																																															2,283,200,000	2,596,200,000	2,091,400,000	1,785,700,000	1,498,600,000
total liabilities and stockholders’ equity																																															7,731,100,000	8,018,200,000	5,184,100,000	4,289,100,000	3,473,800,000
cash advance for acquisition																																																		366,200,000
preferred stock, 3.75% series b cumulative perpetual convertible, 0.01 par value...
liabilities and stockholders' equity
stockholders' equity
total stockholders' equity																																																				1,484,500,000	1,482,300,000	1,241,200,000	1,231,500,000	1,284,000,000	1,268,600,000
total liabilities and stockholders' equity																																																				3,081,200,000	3,074,600,000	3,014,800,000	2,732,300,000	2,763,500,000	2,752,700,000
receivable from ralcorp																																																						900,000		4,500,000	6,000,000
intercompany notes receivable
investment in partnership																																																										60,400,000
current portion of intercompany debt
long-term intercompany debt																																																										716,500,000
net investment of ralcorp																																																										1,501,100,000
accounts receivable																																																								58,200,000	61,600,000	52,900,000
intercompany notes receivable with ralcorp
current portion of long-term debt with ralcorp
long-term debt with ralcorp
liabilities and ralcorp equity
short-term intercompany debt																																																										68,000,000
ralcorp equity
total ralcorp equity																																																										1,497,400,000
total liabilities and ralcorp equity																																																										2,798,700,000
cash flows from operating activities:
net earnings																																																										12,800,000
reconciliation of net earnings to net cash from operating activities:
depreciation and amortization																																																										14,900,000
stock based compensation																																																										800,000
other																																																										-400,000
net changes in operating assets and liabilities:
prepaid expenses and other current and non-current assets																																																										1,900,000
accounts payable and other current and non-current liabilities																																																										13,800,000
net cash from operating activities																																																										26,200,000
cash flows from investing activities:
payments for capital expenditures																																																										-9,100,000
net cash from investing activities																																																										-9,100,000
cash flows from financing activities:
change in net investment of ralcorp																																																										-13,800,000
changes in intercompany debt																																																										7,800,000
net cash from financing activities																																																										-6,000,000
effect of exchange rate changes on cash and cash equivalents																																																										100,000
net increase in cash and cash equivalents																																																										11,200,000
cash and cash equivalents, beginning of period																																																										1,700,000
cash and cash equivalents, end of period																																																										12,900,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31

cash flows from operating activities
net earnings including noncontrolling interest	82,000,000	97,000,000		108,700,000	62,600,000	113,400,000																					-60,700,000	16,500,000	44,300,000	125,900,000	-15,400,000	96,800,000	91,800,000	295,200,000
adjustments to reconcile net earnings including noncontrolling interest to net cash from operating activities:
depreciation and amortization	138,200,000	152,500,000	146,200,000	132,200,000	125,600,000	120,300,000	124,200,000	120,700,000	119,600,000	112,400,000	113,800,000	106,500,000	94,200,000	92,600,000	94,700,000	93,800,000	90,000,000	101,700,000	103,300,000	109,400,000	113,400,000	94,100,000	95,800,000	92,700,000	91,500,000	90,300,000	91,500,000	96,700,000	97,800,000	93,600,000	97,600,000	105,700,000	104,600,000	90,500,000	90,200,000	77,800,000	78,000,000	77,100,000	75,900,000	75,700,000	76,400,000	74,800,000	76,100,000	70,400,000	63,200,000	63,100,000	61,900,000	42,700,000	30,100,000	21,100,000	22,600,000	21,800,000	16,200,000	16,200,000	16,300,000	16,000,000	16,000,000	14,900,000
unrealized gain on interest rate swaps and foreign currency contracts	-2,400,000	-800,000
loss on extinguishment of debt	0	17,500,000	0	0	0	5,800,000					-19,300,000	-6,400,000			-81,700,000	-10,200,000							0	0	60,000,000	12,900,000	0	0	0	6,100,000	-400,000	-6,100,000	300,000	37,300,000	0	160,400,000
non-cash stock-based compensation expense	19,500,000	22,400,000	21,400,000	20,100,000			23,500,000	21,100,000	20,700,000	19,100,000	20,000,000	20,000,000	20,200,000	17,000,000	17,500,000	16,700,000			13,900,000	14,200,000	13,800,000	13,900,000	12,500,000	12,500,000	13,300,000	11,400,000	10,500,000	10,300,000	9,400,000	8,700,000	7,700,000	7,400,000	9,000,000	6,800,000	6,200,000	6,000,000	6,500,000	4,900,000	4,300,000	4,500,000	4,900,000	3,500,000
equity method earnings, net of tax	-200,000	-300,000
deferred income taxes	10,300,000	21,700,000	6,200,000	-11,400,000	-11,200,000	21,000,000	-1,600,000	-20,700,000	-14,600,000	1,400,000	-11,700,000	16,700,000	-19,500,000	-8,400,000	-700,000	12,200,000	4,900,000	-26,100,000	-8,500,000	14,100,000	36,600,000	17,000,000	18,200,000	-3,200,000	-77,600,000	19,000,000	-40,600,000	-27,100,000	-20,700,000	8,100,000	-15,400,000	5,000,000	16,600,000	-262,700,000	-32,200,000	-19,200,000	6,700,000	62,100,000	-12,700,000	-36,800,000	-41,900,000	16,800,000	-59,200,000	600,000	-26,800,000	-34,700,000	-49,400,000	-20,800,000	-15,500,000	-1,800,000	-12,200,000	-7,800,000	-5,300,000	-3,800,000	6,000,000	-6,400,000	1,700,000	-3,900,000
other	33,700,000	-9,100,000	-1,300,000	6,400,000	11,100,000	2,100,000	-6,700,000	4,400,000	1,700,000	-5,200,000	23,800,000	300,000	200,000	300,000	2,400,000	-3,900,000	4,200,000	-1,800,000	11,100,000	-3,200,000	-1,400,000	-10,000,000	-6,000,000	1,900,000	2,300,000	3,200,000	5,600,000	500,000	2,300,000	600,000	-400,000	15,400,000	-3,100,000	-3,100,000	3,100,000	4,100,000	-1,300,000	-1,500,000	-1,600,000	-300,000	-2,600,000	400,000	4,200,000	2,500,000	-300,000	800,000	-500,000	11,600,000	1,400,000	-1,900,000	2,100,000	1,100,000	-2,500,000	200,000	2,700,000	2,600,000	-800,000	-400,000
other changes in operating assets and liabilities, net of held for sale assets and liabilities:
increase in receivables					-84,200,000	-30,200,000						8,300,000				-73,500,000					-93,700,000	-10,400,000			-83,700,000	-6,700,000																					-16,700,000	1,000,000	-32,600,000	-2,000,000	700,000	3,100,000	-3,700,000	-9,800,000
decrease in inventories	-15,900,000	-22,900,000	19,900,000	-50,600,000	24,500,000	10,700,000	43,200,000	7,600,000										-38,000,000			-43,200,000	15,500,000					-20,500,000												4,200,000				13,500,000	66,500,000	-31,300,000	-18,200,000		6,400,000	9,200,000	800,000
increase in prepaid expenses and other current assets				13,500,000	-25,000,000	-19,300,000			-11,200,000	-27,100,000			-12,400,000	-8,900,000		7,600,000	-20,600,000	-7,400,000		-2,800,000	-24,500,000	-17,200,000			-3,200,000	-20,000,000				-500,000			5,000,000	-14,500,000		3,800,000	3,000,000	-6,900,000	4,900,000	700,000	-5,600,000	-3,500,000		4,700,000			1,500,000	11,200,000
decrease in other assets	-10,900,000	4,300,000	5,900,000	7,000,000	12,100,000	3,400,000	-3,000,000	6,200,000			-2,000,000	-21,700,000	6,900,000	-200,000	7,300,000	9,500,000	5,700,000	6,300,000				-8,300,000	22,500,000			2,600,000	-1,200,000
increase in accounts payable and other current liabilities	74,500,000	-106,200,000	-2,500,000	-13,600,000	19,900,000	77,100,000					8,200,000	19,500,000	-18,100,000	-39,500,000	33,000,000	31,500,000			-27,900,000							-41,300,000	5,500,000			46,700,000	-30,800,000			61,900,000	-2,900,000				12,200,000	58,200,000
increase in non-current liabilities	900,000	-100,000	-200,000	2,600,000	-1,900,000	2,900,000	2,600,000	1,900,000	9,000,000	5,000,000	-700,000	200,000	2,300,000	5,700,000	-7,100,000			3,400,000	-2,200,000	2,400,000	3,700,000	11,300,000	16,500,000	2,600,000	1,800,000	2,000,000	-8,300,000	-1,200,000			8,800,000	-13,500,000	5,100,000	-2,000,000	3,900,000	-3,900,000	1,300,000	3,700,000	2,500,000	1,400,000
net cash from operating activities	242,300,000	235,700,000	301,300,000	225,900,000	160,700,000	310,400,000	235,400,000	272,300,000	249,600,000	174,400,000	269,800,000	282,200,000	100,000,000	98,300,000	164,500,000	76,100,000	35,900,000	106,100,000	192,900,000	233,000,000	47,800,000	114,500,000	217,200,000	319,400,000	-19,400,000	108,400,000	183,200,000	300,000,000	-33,900,000	238,700,000	128,200,000	327,500,000	59,100,000	204,500,000	178,500,000	234,700,000	-2,900,000	-23,600,000	134,900,000	171,100,000	107,700,000	88,700,000	189,900,000	103,300,000	101,200,000	57,200,000	108,600,000	56,000,000	-6,400,000	24,900,000	53,000,000	47,600,000	-5,000,000	23,600,000	48,700,000	28,200,000	40,900,000	26,200,000
cash flows from investing activities
business acquisitions, net of cash acquired			-795,900,000	-100,000			0	4,600,000	0	-252,700,000	0				0	-24,700,000	0	-100,000	0	-136,600,000	-154,700,000	1,000,000									-400,000	0			-1,825,000,000	0	1,200,000	-91,400,000	0	0	0	-94,400,000	1,200,000	-1,052,500,000	-3,700,000	-184,200,000	-20,400,000
additions to property	-91,300,000	-116,400,000	-149,700,000	-131,000,000	-90,500,000	-139,000,000	-139,200,000	-110,800,000	-98,700,000	-80,800,000	-101,100,000	-69,000,000	-80,600,000	-52,300,000	-88,000,000	-64,800,000	-44,600,000	-57,900,000	-49,800,000	-43,300,000	-45,500,000	-53,900,000	-74,600,000	-42,500,000	-40,200,000	-77,300,000	-71,200,000	-67,200,000	-56,700,000	-78,800,000	-82,900,000	-56,000,000	-39,400,000	-46,700,000	-65,400,000	-61,100,000	-32,100,000	-31,800,000	-40,400,000	-36,300,000	-26,300,000	-18,500,000	-33,600,000	-28,700,000	-21,900,000	-23,700,000	-36,800,000	-52,000,000	-10,200,000	-16,500,000
proceeds from sale of business	0	378,500,000									0				0	0	400,000	50,100,000										0	16,800,000	250,000,000
proceeds from sale of property	2,300,000	300,000	100,000	0	1,100,000	11,000,000																																			300,000	300,000
net cash from investing activities	-89,100,000	261,800,000	-945,900,000	-131,200,000	-213,900,000	-128,300,000	-139,200,000	-105,700,000	-98,800,000	-333,800,000	-101,400,000	-433,900,000	-81,000,000	-53,000,000	-87,900,000	-89,300,000	-47,000,000	3,200,000	-56,200,000	-480,900,000	-215,000,000	-41,500,000	-123,700,000	-32,400,000	13,400,000	-75,800,000	-70,000,000	-66,200,000	-38,600,000	201,500,000	-78,100,000	-59,600,000	-1,493,000,000	-46,200,000	-1,888,600,000	-60,600,000	-19,800,000	-121,800,000	-45,200,000	-28,900,000																-6,500,000	-6,700,000	-9,100,000
cash flows from financing activities
proceeds from issuance of debt	735,000,000	1,485,000,000	100,000,000	400,000,000	0	600,000,000	1,200,000,000	0	1,300,000,000	345,000,000	0	400,000,000	0	130,000,000	1,025,000,000	0
repayments of debt	-566,200,000	-1,430,000,000
premium from issuance of debt															0	0
payments of debt issuance costs	-4,000,000	-15,200,000				-5,200,000																								-300,000				-10,200,000									-13,000,000	-14,800,000			-200,000	-44,000,000	-11,000,000	-8,800,000	-5,800,000	-100,000	0	-4,600,000	0	0
payments of debt premiums	0	-22,600,000	0	0	0	-4,400,000	-4,200,000	0							0	0
purchases of treasury stock	-335,500,000	-376,200,000	-274,700,000	-59,200,000	-200,000,000	-175,100,000	-52,000,000	-203,900,000	-8,100,000	-36,700,000	-144,700,000	-158,700,000	-61,700,000	-22,000,000	-100,000,000	-145,800,000	-38,200,000	-159,000,000	-74,400,000	0	-157,400,000	-165,300,000	-120,100,000	-31,200,000	-206,000,000	-231,800,000	-237,400,000	-18,900,000	-40,500,000	-25,300,000	0	-79,900,000	-82,800,000	-56,000,000	-4,000,000	-180,700,000	0	-133,100,000
net cash from financing activities	-165,800,000	-395,800,000	-235,900,000	340,000,000	-198,500,000	-94,200,000	348,900,000	-170,400,000	30,800,000	206,300,000	-276,000,000	-118,000,000	-133,400,000	-28,300,000	249,200,000	-209,500,000	-653,800,000	227,400,000	-92,300,000	287,500,000	-208,200,000	-154,500,000	41,900,000	-429,800,000	390,800,000	-274,900,000	575,900,000	-18,900,000	-9,800,000	-1,199,600,000	597,300,000	-230,800,000	-202,700,000	259,600,000	764,900,000	778,400,000	638,200,000	-128,400,000	21,100,000	22,900,000	-29,100,000	-19,400,000	388,200,000	669,900,000	325,900,000	-11,600,000		2,032,100,000	658,600,000	804,600,000						-2,200,000	16,700,000	-6,000,000
effect of exchange rate changes on cash, cash equivalents and restricted cash	-700,000	200,000	-700,000	4,000,000	1,900,000	-3,700,000	2,000,000	0	0	1,900,000	-2,000,000	400,000	600,000	2,800,000	-3,200,000	-3,100,000	-1,900,000	-800,000	-2,500,000	100,000	-500,000	6,600,000	3,300,000	900,000	-3,300,000	2,900,000	-1,100,000	-300,000	700,000	-1,600,000
net increase in cash, cash equivalents and restricted cash	-13,300,000	101,900,000	-881,200,000	438,700,000	-249,800,000	84,200,000	447,100,000	-3,800,000	181,600,000	48,800,000				19,800,000				335,900,000	41,900,000	39,700,000			138,700,000	-141,900,000						-761,000,000
cash, cash equivalents and restricted cash, beginning of year	0	182,800,000	0	0	0	790,900,000	0	0	0	117,200,000								824,200,000	0	0	0	1,193,400,000	0	0	0	1,054,500,000	0	0	0	994,500,000
cash, cash equivalents and restricted cash, end of period	-13,300,000	284,700,000		438,700,000	-249,800,000	875,100,000		-3,800,000	181,600,000	166,000,000								1,160,100,000		39,700,000	-375,900,000	1,118,500,000		-141,900,000	381,500,000	815,100,000		214,600,000	-81,600,000	233,500,000
decrease in receivables		42,200,000	8,300,000				-43,200,000			-21,800,000				10,200,000				27,900,000	9,000,000				-11,200,000				27,400,000			30,800,000				11,600,000	34,900,000			-18,000,000	-18,300,000	19,100,000	-15,500,000	10,700,000	20,500,000	-8,700,000	56,100,000	21,600,000
decrease in prepaid expenses and other current assets		17,500,000					-21,500,000				9,700,000												-19,700,000				6,400,000																			-1,100,000				1,400,000		6,800,000	-8,900,000	5,700,000
net earnings including noncontrolling interests								99,900,000	97,300,000	88,100,000								-9,200,000	49,200,000	-44,300,000	110,800,000	91,000,000	67,300,000	40,400,000	-185,800,000	107,100,000
adjustments to reconcile net earnings including noncontrolling interests to net cash from operating activities:
impairment of goodwill
unrealized loss on interest rate swaps, foreign exchange contracts and warrant liabilities													9,900,000	-5,800,000				33,600,000	-36,200,000
equity method (earnings) loss, net of tax			-100,000	-100,000	-200,000	-100,000
non-cash gain on write-off of deferred underwriting commissions											0
other changes in operating assets and liabilities, net of business acquisitions and held for sale assets and liabilities:
return of subsidiary investments held in trust account											0
repayments of debt, net of discounts			-60,000,000	0	-1,200,000	-464,900,000	-775,000,000	-16,100,000	-1,182,900,000	-67,600,000	-128,500,000	-43,600,000	-44,100,000	-90,700,000
payments of debt issuance costs, deferred financing fees and tender fees
redemption of post holdings partnering corporation series a common stock											0
financing portion of cash paid for rate-lock interest rate swaps											0	0	-27,200,000	-16,300,000
payment for share repurchase contracts							0	0
proceeds from share repurchase contracts							0
cash, cash equivalents and restricted cash, end of year
unrealized loss on interest rate swaps and foreign exchange contracts				3,800,000	7,100,000	-16,500,000
other changes in operating assets and liabilities, net of business acquisitions:
payments of debt issuance costs and deferred financing fees				0				0				-1,800,000	-200,000	-1,100,000		0	-3,800,000	-3,600,000		0	-16,700,000	-100,000		-1,000,000	-11,600,000	-28,200,000					-14,400,000	0
stock-based compensation expense						19,800,000												16,200,000																										3,500,000	10,400,000	6,300,000		3,600,000	4,000,000	3,400,000		2,500,000	2,900,000	2,500,000
net earnings from continuing operations, including noncontrolling interests											65,500,000	98,300,000	55,400,000	93,700,000	86,400,000	172,600,000
adjustments to reconcile net earnings from continuing operations, including noncontrolling interests, to net cash from operating activities:
gain on investment in bellring											0	0	0	-5,100,000	45,700,000	-35,100,000
equity method loss, net of tax							0	0	0	100,000	100,000	0			17,800,000	12,000,000	18,700,000	18,600,000	17,400,000	11,600,000	7,000,000	7,900,000	8,300,000	4,200,000	11,100,000	7,300,000	11,300,000	6,200,000	8,800,000	10,700,000
other changes in operating assets and liabilities, net of business acquisitions, divestitures and held for sale assets and liabilities:
net cash from operating activities - continuing operations											269,800,000	282,200,000	100,000,000	98,300,000	164,500,000	76,100,000
net cash from operating activities - discontinued operations															0	0
proceeds from sale of property and assets held for sale											100,000	1,100,000	0	100,000	200,000	500,000	2,900,000	14,400,000	400,000	300,000	2,300,000	16,400,000		100,000	2,300,000	100,000	0	100,000	0	2,000,000	-100,000	100,000	100,000	100,000	100,000	200,000	4,300,000	6,000,000	300,000
net cash from investing activities - continuing operations											-101,400,000	-433,900,000	-81,000,000	-53,000,000	-87,900,000	-89,300,000
net cash from investing activities - discontinued operations															0	0
distributions to bellring brands, inc.
net cash from financing activities - continuing operations											-276,000,000	-118,000,000	-133,400,000	-28,300,000	249,200,000	-209,500,000
net cash from financing activities - discontinued operations															0	0
cash, cash equivalents and restricted cash from discontinued operations, beginning of year
unrealized loss on interest rate swaps, foreign exchange contracts and warrant liability								-1,900,000	-6,200,000	24,000,000
gain on extinguishment of debt								-1,800,000	300,000	-3,100,000				-8,700,000
decrease in accounts payable and other current liabilities								-2,400,000	-6,800,000	-4,700,000								-19,100,000			31,600,000	-48,000,000		67,200,000													-88,900,000	-90,200,000
increase in inventories										-9,200,000		20,900,000	3,000,000	-44,600,000		-6,900,000										-6,100,000			-55,500,000	-16,100,000				-13,400,000		-12,900,000	600,000	-8,700,000			-5,900,000	-16,000,000									2,000,000	3,600,000	2,600,000	-19,000,000
increase in other assets										-4,600,000										-2,400,000											-1,600,000
unrealized gain on interest rate swaps, foreign exchange contracts and warrant liabilities											-16,900,000					-152,200,000
sale of equity securities																			0
investments in partnerships											-300,000	-400,000	-500,000	-500,000	-100,000	-700,000	-4,900,000	-3,300,000	-5,000,000	0
investment of subsidiary initial public offering proceeds into trust account																			0
proceeds from subsidiary initial public offering
cash received from share repurchase contracts																			0	0	0	47,500,000
distributions (to) from bellring brands, inc.															0	0
net decrease in cash, cash equivalents and restricted cash											-109,600,000	-269,300,000				-225,800,000						-74,900,000				-239,400,000		214,600,000
cash, cash equivalents and restricted cash from discontinued operations, end of year
other changes in operating assets and liabilities, net of business acquisitions, held for sale assets and liabilities and divestitures:
cash, cash equivalents and restricted cash from continuing operations, beginning of year												0	0	590,100,000		0
plus: cash, cash equivalents and restricted cash from discontinued operations, beginning of year																0
cash, cash equivalents and restricted cash from continuing operations, end of period												-269,300,000	-113,800,000	609,900,000		-225,800,000
other changes in operating assets and liabilities, net of held for sale assets and liabilities and divestitures:
distributions from bellring brands, inc.
less: cash, cash equivalents and restricted cash from discontinued operations, end of period
purchases of equity securities																			0	0	0	-5,000,000
cross-currency swap cash settlements																							0	0	51,300,000	1,400,000	1,200,000	900,000	1,300,000	28,300,000
proceeds from initial public offering																			0				0	0	0	524,400,000
refund of debt issuance costs																							0	0	0	15,300,000	0	0	0	7,800,000
cash paid for share repurchase contracts
other changes in operating assets and liabilities, net of held for sale assets and liabilities, business acquisitions and divestitures:
repayments of long-term debt, net of discounts
payment of initial public offering costs																			0
other changes in operating assets and liabilities, net of held for sale assets and liabilities and business acquisitions:
decrease in non-current liabilities																														-3,600,000
repayments of long-term debt																	-751,000,000	-90,100,000	-8,800,000	-8,700,000	-1,757,100,000	-37,500,000	-218,800,000	-398,800,000	-1,157,000,000	-2,574,500,000	0	0	-100,000	-919,000,000	-11,600,000	-148,800,000	-116,200,000	-635,500,000	-6,200,000	-1,066,300,000	-1,012,300,000	-3,600,000	-1,620,600,000	-3,500,000	-4,500,000	-3,600,000	-1,204,400,000	-7,500,000	-6,500,000	-6,700,000					0	0	-168,400,000	-2,200,000	-2,200,000
proceeds from issuance of long-term debt																		500,000,000	0	0	1,800,000,000	20,000,000	410,200,000	2,000,000	1,815,000,000	2,031,000,000					625,000,000	0	0	1,000,000,000	750,000,000	2,200,000,000							1,200,000,000
premium from issuance of long-term debt																		17,500,000																													0	0			20,100,000	0	0	15,000,000
subsidiary shares repurchased by subsidiary																		-18,100,000
gain on sale of business																											700,000	0	-2,600,000	-124,700,000
loss on extinguishment and refinancing of debt																			0	100,000
impairment of goodwill and other intangible assets
proceeds from sale of businesses																																							600,000	500,000
insurance proceeds on property losses																			-1,800,000				0																					0
payments to appraisal rights holders																							0	0	0	-3,800,000	0	0	0	-253,600,000
payments of debt issuance costs, deferred financing fees and modification costs
payments of debt premiums and refinancing fees																			0	-100,000
proceeds from exercise of stock awards																															1,700,000	0			0	4,000,000	0	9,400,000	0	400,000
unrealized gain on interest rate swaps and foreign exchange contracts																						-42,300,000
other changes in operating assets and liabilities:
payments of preferred stock dividends																											0	0	-2,000,000	-2,000,000	-2,000,000	-2,000,000	-3,400,000	-3,400,000	-3,300,000	-3,400,000	-3,400,000	-3,400,000	-3,400,000	-3,300,000
payments of debt issuance costs, financing fees and modification costs
payments of debt extinguishment costs																															0	-200,000
distribution to noncontrolling interest
unrealized loss on interest rate swaps																								4,200,000													-1,600,000	-145,000,000	13,000,000	62,600,000	90,900,000	15,900,000
payments of premiums on debt extinguishment																								0
proceeds from exercises of stock awards																								500,000	600,000	2,800,000		0
adjustments to reconcile net earnings including noncontrolling interests to net cash flow provided by operating activities:
decrease (increase) in inventories																																9,900,000
unrealized (gain) loss on interest rate swaps																										-73,300,000
adjustments to reconcile net earnings including noncontrolling interest to net cash flow from operating activities:
loss on foreign currency																																												-400,000	1,300,000	900,000	1,300,000	-600,000
unrealized loss on interest rate swaps and cross-currency swaps
payments of debt issuance and modification costs																												0
payment of debt extinguishment costs
adjustments to reconcile net earnings including noncontrolling interest to net cash flow provided by operating activities:
unrealized gain on interest rate swaps																													62,900,000	51,500,000			-50,900,000	-3,100,000
decrease (increase) in prepaid expenses and other current assets
decrease (increase) in other assets																													3,500,000	900,000
restricted cash																															500,000	-3,700,000	300,000	1,600,000	1,700,000	300,000	6,800,000	-4,600,000	-5,700,000	5,700,000	5,700,000	4,700,000	-1,900,000	2,900,000	-100,000	71,200,000	-78,100,000	-1,500,000	-700,000	37,000,000
preferred stock conversion																																							0	0	0	-10,900,000
net cash received from stock repurchase contracts																																							0
effect of exchange rate changes on cash and cash equivalents																															-300,000	-3,700,000	1,300,000	700,000	-1,600,000	35,300,000	300,000	-700,000	-400,000	-100,000	1,300,000	-400,000														-100,000	300,000	100,000
net increase in cash and cash equivalents																															647,100,000	33,400,000	-1,635,300,000	418,600,000	-946,800,000	987,800,000			110,400,000	165,000,000			567,100,000	-304,700,000	402,300,000	-91,700,000	-108,900,000	-448,600,000	-59,000,000	482,900,000	158,400,000	-121,800,000	54,500,000	252,700,000	-25,300,000	19,400,000	51,200,000	11,200,000
cash and cash equivalents, beginning of year																															0	0	0	1,525,900,000	0	0	0	1,143,600,000	0	0	0	841,400,000	0	0	0	268,400,000	0	0	0	402,000,000	0	0	0	58,200,000
cash and cash equivalents, end of year
adjustments to reconcile net earnings to net cash flow provided by operating activities:
unrealized gain on interest rate swaps and cross-currency swaps
gain on foreign currency
decrease (increase) in receivables
cash and cash equivalents, end of period																																33,400,000	-1,635,300,000	1,944,500,000		987,800,000	615,800,000	869,100,000		165,000,000	65,800,000	802,400,000		-304,700,000	402,300,000	176,700,000		-448,600,000	-59,000,000	884,900,000		-121,800,000	54,500,000	310,900,000		19,400,000	51,200,000	12,900,000
other changes in current assets and liabilities, net of business acquisitions:
adjustments to reconcile net earnings to net cash flow from operating activities:
payment of premium on debt extinguishment																																		-30,800,000
net earnings																																			14,200,000	-59,500,000	-4,000,000	97,600,000		3,300,000	4,900,000	25,500,000					-287,400,000	-35,100,000	-18,300,000	-2,400,000	-900,000	3,400,000	5,100,000	7,600,000	10,800,000	15,800,000	10,500,000	12,800,000
assets held for sale																																			0	0	0	-200,000
proceeds from issuance of common stock, net of issuance costs																																											391,300,000	0			0	289,900,000
unrealized loss on interest rate and cross-currency swaps
payments of debt issuance costs and deferred financing costs																																				-24,800,000
payments of tender premiums on debt extinguishment																																				-151,900,000
amortization of deferred financing costs, debt issuance costs and debt premium
cash paid in advance for stock repurchase contracts
amortization of deferred financing costs and debt premium																																						1,500,000
net decrease in cash and cash equivalents																																						-274,500,000				-39,000,000
net loss																																												24,000,000	30,500,000	-97,300,000
adjustments to reconcile net loss to net cash flow from operating activities:
amortization of deferred financing costs and debt discount/premium																																							1,300,000	1,100,000	1,200,000	1,100,000
loss on write-down of assets held for sale																																									4,400,000	4,000,000
cash advance for acquisition																																																		-366,200,000
proceeds from issuance of preferred stock, net of issuance costs																																															0	0	19,400,000	290,800,000	0	-100,000
proceeds from issuance of equity component of tangible equity units, net of issuance costs																																															0
proceeds from issuance of debt component of tangible equity units																																															0
payment of tender premium on debt extinguishment
losses on assets held for sale
increase in accounts payable and other current and non-current liabilities																																										-44,500,000	57,100,000	-22,800,000	-40,800,000	54,100,000	50,500,000	24,200,000	2,800,000	6,300,000	9,500,000	9,500,000	-8,300,000	9,900,000
net cash used by investing activities																																										-107,900,000		-1,078,100,000	-23,900,000	-136,700,000		-2,537,000,000	-704,900,000	-345,700,000		-166,800,000	-6,000,000	-14,200,000
payment of preferred stock dividend																																										-4,300,000		-4,300,000	-4,200,000	-4,300,000		-4,300,000	-3,600,000	-2,300,000
insurance proceeds on loss of property
loss on interest rate swaps																																												-41,900,000	28,800,000	54,600,000
loss on assets held for sale																																												4,900,000	15,400,000	7,100,000
effect of exchange rate changes on cash																																												200,000	-900,000	-600,000		300,000	-6,300,000	-900,000		-300,000	-200,000	-100,000
cash advance for asset purchase
proceeds from issuance of long term debt																																																1,510,600,000	350,000,000	525,000,000
decrease in receivable from ralcorp																																																				3,600,000	-3,100,000	-900,000
payment to ralcorp																																																							0	0
change in net investment of ralcorp																																																							-10,000,000	0	-15,600,000	-13,800,000
changes in intercompany debt																																																										7,800,000
net cash from by financing activities
loss on interest rate swap
increase in receivable from ralcorp
business acquisitions																																																				-160,000,000	0	-9,200,000
decrease (increase) in receivable from ralcorp
proceeds from issuance of senior notes																																																			350,000,000	0	0	250,000,000	0	0
proceeds from issuance of term loan																																																							0	0
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-6,800,000	-6,000,000	-5,000,000	0	0	0	0
free cash flows	242,300,000	235,700,000	301,300,000	225,900,000	160,700,000	310,400,000	235,400,000	272,300,000	249,600,000	174,400,000	269,800,000	282,200,000	100,000,000	98,300,000	164,500,000	76,100,000	35,900,000	106,100,000	192,900,000	233,000,000	47,800,000	114,500,000	217,200,000	319,400,000	-19,400,000	108,400,000	183,200,000	300,000,000	-33,900,000	238,700,000	128,200,000	327,500,000	59,100,000	204,500,000	178,500,000	234,700,000	-2,900,000	-23,600,000	134,900,000	171,100,000	107,700,000	88,700,000	189,900,000	103,300,000	101,200,000	57,200,000	108,600,000	56,000,000	-6,400,000	24,900,000	53,000,000	40,800,000	-11,000,000	18,600,000	48,700,000	28,200,000	40,900,000	26,200,000
net cash provided (used) by financing activities
excess tax benefit from stock-based compensation arrangements																																																					0	200,000
net cash from (used by) financing activities																																																						243,400,000
other changes in current assets and liabilities
change in due to/from kraft foods inc.
(increase) in prepaid expenses and other current assets
additions to property and intangible assets
net cash used by financing activities
cash flows from operating activities:
reconciliation of net earnings to net cash from operating activities:
impairment of intangible assets
stock based compensation																																																								1,000,000	400,000	800,000
net changes in operating assets and liabilities:
accounts receivable																																																								3,400,000	-8,700,000	-42,500,000
receivable from ralcorp																																																								1,500,000	-6,000,000	41,300,000
inventories																																																								-6,900,000	8,300,000	-12,500,000
prepaid expenses and other current and non-current assets																																																									-1,600,000	1,900,000
accounts payable and other current and non-current liabilities																																																								1,500,000	21,100,000	13,800,000
cash flows from investing activities:
payments for capital expenditures																																																								-6,500,000	-6,700,000	-9,100,000
cash flows from financing activities:
proceeds from repayment of notes receivable from ralcorp																																																								0
cash and cash equivalents, beginning of period																																																								0	0	1,700,000

Post Holdings, Inc(NYSE:POST)

Post Holdings, Inc
(NYSE:POST)