Perimeter Solutions, SA Quarterly report pursuant to Section 13 or 15(d)

LEASES (Tables)

3 Months Ended

Mar. 31, 2023

Lease cost for the three months ended March 31, 2023 and 2022 are as follows (in thousands):


	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Operating lease cost (1)	$	1,153	$	1,309

Reported in:
Cost of goods sold	$	1,092	$	1,204
Selling, general and administrative expense	61		105
Total lease cost	$	1,153	$	1,309

(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 three months ended March 31, 2023 and 2022 are as follows (in thousands):


	Three Months Ended March 31, 2023		Three Months Ended March 31, 2022
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows for operating leases	$	1,169	$	1,240
ROU assets obtained in exchange for new operating lease obligations:
Non-cash investing and financing activity for operating leases	$	10	$	350

As of March 31, 2023, the estimated future minimum payment obligations for non-cancelable operating leases are as follows (in thousands):


	Amount
Remainder of 2023	$	3,283
2024	3,501
2025	3,349
2026	3,110
2027	2,230
Thereafter	6,693
Total lease payments	22,166
Less: imputed interest	(4,392)
Present value of operating lease liabilities	$	17,774