Westrock Coffee Co

For the period ended Mar 31, 2024. Filed May 9, 2024.

About this filing

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, 2024 · Filed May 9, 2024

WEST$8.79-2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets


(Thousands, except par value)	March 31, 2024		December 31, 2023
ASSETS
Cash and cash equivalents		$12,571		$37,196
Restricted cash		1,205		644
Accounts receivable, net of allowance for credit losses of $3,356 and 2,915, respectively		90,214		99,158
Inventories		140,354		149,921
Derivative assets		15,424		13,658
Prepaid expenses and other current assets		13,457		12,473
Total current assets		273,225		313,050

Property, plant and equipment, net		400,839		344,038
Goodwill		116,111		116,111
Intangible assets, net		120,950		122,945
Operating lease right-of-use assets		64,000		67,601
Other long-term assets		8,131		7,769
Total Assets		$983,256		$971,514

LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY
Current maturities of long-term debt		$12,118		$9,811
Short-term debt		34,432		43,694
Accounts payable		44,230		69,106
Supply chain finance program		78,706		78,076
Derivative liabilities		4,229		3,731
Accrued expenses and other current liabilities		46,573		35,217
Total current liabilities		220,288		239,635

Long-term debt, net		224,090		223,092
Convertible notes payable - related party, net		49,654		—
Deferred income taxes		16,722		10,847
Operating lease liabilities		60,400		63,554
Warrant liabilities		44,761		44,801
Other long-term liabilities		1,528		1,629
Total liabilities		617,443		583,558

Commitments and contingencies (Note 20)

Series A Convertible Preferred Shares, $0.01 par value, 24,000 shares authorized, 23,512 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively, $11.50 liquidation value		274,129		274,216

Shareholders' Equity
Preferred stock, $0.01 par value, 26,000 shares authorized, no shares issued and outstanding		—		—
Common stock, $0.01 par value, 300,000 shares authorized, 88,282 shares and 88,051 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively		883		880
Additional paid-in-capital		473,064		471,666
Accumulated deficit		(386,297)		(362,624)
Accumulated other comprehensive income		4,034		3,818
Total shareholders' equity		91,684		113,740

Total Liabilities, Convertible Preferred Shares and Shareholders' Equity		$983,256		$971,514

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.