Village Farms International Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands of United States dollars)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows provided by (used in) operating activities: | ||
| Net loss attributable to Village Farms International, Inc. shareholders | $(27,221) | $(9,315) |
| Adjustments to reconcile net loss attributable to Village Farms International, Inc. shareholders to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 14,507 | 11,726 |
| Amortization of deferred charges | 10 | 102 |
| Net income attributable to non-controlling interest | 234 | 6 |
| Interest expense | 2,606 | 3,532 |
| Interest paid on long-term debt | (3,128) | (3,645) |
| Unrealized foreign exchange loss | 143 | 92 |
| Goodwill and intangible asset impairments | 11,939 | — |
| Non-cash lease expense | 1,684 | 1,615 |
| Share-based compensation | 3,476 | 3,135 |
| Deferred income taxes | 384 | 1,748 |
| Changes in non-cash working capital items | 5,302 | (2,191) |
| Net cash provided by operating activities | 9,936 | 6,805 |
| Cash flows (used in) provided by investing activities: | ||
| Purchases of property, plant and equipment | (8,147) | (4,358) |
| Purchases of intangibles | (80) | — |
| Repayment of note receivable | — | 835 |
| Net cash used in investing activities | (8,227) | (3,523) |
| Cash flows (used in) provided by financing activities: | ||
| Repayments on borrowings | (4,301) | (7,858) |
| Purchase of Non-controlling interest | (3,817) | — |
| Proceeds from issuance of common stock and warrants | — | 24,772 |
| Issuance costs | — | (1,437) |
| Proceeds from exercise of stock options | — | 83 |
| Net cash (used in) provided by financing activities | (8,118) | 15,560 |
| Effect of exchange rate changes on cash and cash equivalents | (186) | (35) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (6,595) | 18,807 |
| Cash, cash equivalents and restricted cash, beginning of period | 35,291 | 21,676 |
| Cash, cash equivalents and restricted cash, end of period | $28,696 | $40,483 |
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