Perimeter Solutions, SA Annual report pursuant to Section 13 and 15(d)

LEASES (Tables)

12 Months Ended

Dec. 31, 2022

The following table presents assets and liabilities for leases as of December 31, 2022 (in thousands):


	Amount
Assets
Operating lease right-of-use assets	$	18,582

Liabilities
Operating lease liabilities:
Current (included in accrued expenses and other current liabilities)	$	3,541
Non-current	15,484
Total lease liabilities	$	19,025

Lease cost for the year ended December 31, 2022 are as follows (in thousands):


	Amount
Operating lease cost (1)	$	5,390




Reported in:
Cost of goods sold	$	4,897
Selling, general and administrative expense	493
Total lease cost	$	5,390

(1)Operating lease cost does not include short-term leases or variable costs, all of which are immaterial.

Supplemental cash flow information related to leases for the year ended December 31, 2022 are as follows (in thousands):


	Amount
Cash paid for amounts included in the measurement of operating lease liabilities
Operating cash flows for operating leases	$	5,072
ROU assets obtained in exchange for new operating lease obligations
Non-cash investing and financing activity for operating leases	$	4,380

As of December 31, 2022, the estimated future minimum payment obligations for non-cancelable operating leases are as follows (in thousands):


Years Ending December 31,	Amount
2023	$	4,519
2024	3,570
2025	3,418
2026	3,181
2027	2,301
Thereafter	6,724
Total lease payments	23,713
Less: imputed interest	(4,688)
Present value of operating lease liabilities	$	19,025

As of December 31, 2021, the estimated future minimum payment obligations for non-cancelable operating leases

were as follows (in thousands):