v3.25.3

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net earnings	$ 216.2	$ 246.5	$ 165.5
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	18.6	36.5	28.3
Non-cash stock-based compensation expense	22.1	21.0	14.2
Deferred income taxes	(20.4)	(8.7)	(6.0)
Other, net	0.7	1.9	1.2
Other changes in operating assets and liabilities:
(Increase) decrease in receivables	(1.3)	(51.6)	5.5
(Increase) decrease in inventories	(43.1)	(90.9)	6.4
Increase in prepaid expenses and other current assets	(2.3)	(1.7)	(0.8)
Decrease (increase) in other assets	0.4	(2.5)	(1.8)
Increase in accounts payable and other current liabilities	69.6	49.2	3.1
Increase (decrease) in non-current liabilities	0.1	(0.1)	0.0
Net Cash Provided by Operating Activities	260.6	199.6	215.6
Cash Flows from Investing Activities:
Additions to property	(4.7)	(1.8)	(1.8)
Net Cash Used in Investing Activities	(4.7)	(1.8)	(1.8)
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt	700.0	0.0	115.0
Repayments of long-term debt	(450.0)	(25.0)	(189.0)
Purchases of treasury stock	(474.9)	(146.6)	(125.5)
Payments of deferred financing fees	(2.1)	0.0	0.0
Tax withholding payments related to stock compensation plans	(11.5)	(3.5)	(2.2)
Other, net	0.2	0.0	0.0
Net Cash Used in Financing Activities	(238.3)	(175.1)	(201.7)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	0.4	0.0	0.5
Net Increase in Cash, Cash Equivalents and Restricted Cash	18.0	22.7	12.6
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	71.1	48.4	35.8
Cash, Cash Equivalents and Restricted Cash, End of Year	$ 89.1	$ 71.1	$ 48.4

Cash transfers to and from Post Holdings, Inc., including cash deposits to Post and cash borrowings received from Post used to fund operations or capital expenditures and allocations of Post’s corporate expenses prior to the IPO and distributions subsequent to the IPO.

+ References

No definition available.

BELLRING BRANDS, INC. 10-K