AMERICAN VANGUARD CORP
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
AVD$0.82+0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(4,145) | $(8,462) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization of property, plant and equipment and intangible assets | 4,685 | 4,744 |
| Amortization of other long-term assets | 5 | 5 |
| Provision for estimated credit losses | 444 | 1,056 |
| Stock-based compensation | 186 | 559 |
| Deferred income taxes | (204) | 1,348 |
| Change in liabilities for uncertain tax positions or unrecognized tax benefits | (17) | 90 |
| Change in equity investment fair value | 120 | — |
| Impairment of assets | 659 | — |
| Payment-in-Kind debt leverage fee | 112 | — |
| Amortization of deferred loan fees | 738 | 235 |
| Lease obligations and non-cash lease expense, net | (115) | (109) |
| Foreign currency transaction (losses) gains | 28 | (99) |
| Changes in assets and liabilities associated with operations: | ||
| (Increase) decrease in net receivables | (19,088) | 6,892 |
| Decrease (increase) in inventories | 1,530 | (4,721) |
| Increase in prepaid expenses and other assets | (877) | (856) |
| Change in income tax receivable and payable, net | 385 | (1,885) |
| Increase in accounts payable | 2,871 | 22,966 |
| Decrease in customer prepayments | (18,656) | (28,215) |
| (Decrease) increase in accrued program costs | (6,170) | 837 |
| Increase (decrease) in other payables and accrued expenses | 2,067 | (14,961) |
| Net cash used in operating activities | (35,442) | (20,576) |
| Cash flows from investing activities: | ||
| Capital expenditures | (971) | (431) |
| Proceeds from disposal of property, plant and equipment | 7 | 12 |
| Intangible assets | (9) | (27) |
| Net cash used in investing activities | (973) | (446) |
| Cash flows from financing activities: | ||
| Payments under line of credit agreement | (140,000) | (89,098) |
| Borrowings under line of credit agreement | 26,000 | 109,265 |
| Borrowings under term loans | 225,000 | — |
| Payment of deferred loan fees | (16,234) | (687) |
| Net receipt from the issuance of common stock under ESPP | 263 | 332 |
| Net payment from common stock purchased for tax withholding | (19) | (11) |
| Net cash provided by financing activities | 95,010 | 19,801 |
| Net increase (decrease) in cash | 58,595 | (1,221) |
| Effect of exchange rate changes on cash and cash equivalents | (106) | 512 |
| Cash at beginning of period | 12,425 | 12,514 |
| Cash at end of period | $70,914 | $11,805 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.