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

LEASES (Tables)

3 Months Ended

Mar. 31, 2024

Lease cost for the three months ended March 31, 2024 and 2023 are as follows (in thousands):


	Three Months Ended March 31,
	2024		2023
Operating lease cost (1)	$	913	$	1,153
Finance lease cost:
Amortization of right-of-use assets	341		—
Interest on lease liabilities	138		—
Total lease cost	$	1,392	$	1,153

Reported in:
Cost of goods sold	$	1,233	$	1,092
Selling, general and administrative expense	159		61
Total lease cost	$	1,392	$	1,153

(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, 2024 and 2023 are as follows (in thousands):


	Three Months Ended March 31,
	2024		2023
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows for operating leases	$	838	$	1,169
Operating cash flows for finance leases	130		—
Financing cash flows for finance leases	172		—
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	97	$	10
Financing leases	686		—

As of March 31, 2024, the estimated future minimum payment obligations for non-cancelable operating and finance leases are as follows (in thousands):


	Operating Leases		Finance Leases
Remainder of 2024	$	2,371	$	949
2025	3,142		1,177
2026	2,811		1,049
2027	2,667		889
2028	1,995		1,632
Thereafter	9,065		4,063
Total lease payments	22,051		9,759
Less: imputed interest	(5,385)		(2,798)
Present value of lease liabilities	$	16,666	$	6,961