OLAPLEX HOLDINGS, INC. [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	S-1/A
Cash flows from operating activities:
Net income	244.1	220.8	39.3
Adjustments to reconcile net income to net cash from operations from operating activities:
Amortization of patent formulations
Amortization of other intangibles
Inventory write-off and disposal
Depreciation of fixed assets	0.4	0.2
Amortization of debt issuance costs	1.5	2.8	1.8
Deferred taxes	9.2	2.5	-4.4
Share-based compensation expense	7.3	4.0	1.5
Loss on extinguishment of debt	18.8
Other operating	0.4
Changes in operating assets and liabilities, net of effects of acquisition (as applicable):
Accounts receivable, net	-5.4	-26.4	-7.1
Inventory	-52.6	-63.7	-14.2
Other current assets	0.9	-7.2	-2.1
Accounts payable	-9.4	2.4	14.9
Accrued expenses and other current liabilities	-7.3	19.6	8.8
Other assets and liabilities	-6.2
Net cash provided by operating activities	255.3	200.0	129.0

Cash flows from investing activities:
Purchase of property and equipment	-0.7	-0.9	0.0
Purchase of software	-2.0	-0.9
Net cash used in investing activities	-2.7	-6.3	-1,381.6

Cash flows from financing activities:
Proceeds from exercise of stock options	1.9	1.1
Payments for shares withheld and retired for taxes and exercise price for stock-settled share appreciation rights	-0.8
Principal payments for 2022 Term Loan Facility, and principal payments and prepayment fees for 2020 Term Loan Facility	-780.4	-20.1	-10.7
Proceeds from the issuance of 2022 Term Loan Facility	675.0		800.0
Payments of debt issuance costs	-11.9		-15.6
Net cash used in financing activities	-116.2	-18.3	1,263.6

Supplemental disclosure of cash flow information:
Cash paid for income taxes	59.9	33.8	9.9
Cash paid during the year for interest	41.2	58.3	34.6
Supplemental disclosure of noncash activities: