Westrock Coffee Co

For the period ended Jun 30, 2024. Filed Aug 8, 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.

Jun 30, 2024 · Filed Aug 8, 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)	June 30, 2024		December 31, 2023
ASSETS
Cash and cash equivalents		$24,316		$37,196
Restricted cash		1,711		644
Accounts receivable, net of allowance for credit losses of $3,941 and $2,915, respectively		102,071		99,158
Inventories		163,703		149,921
Derivative assets		17,751		13,658
Prepaid expenses and other current assets		22,973		12,473
Total current assets		332,525		313,050

Property, plant and equipment, net		418,247		344,038
Goodwill		116,111		116,111
Intangible assets, net		118,953		122,945
Operating lease right-of-use assets		62,643		67,601
Other long-term assets		7,894		7,769
Total Assets		$1,056,373		$971,514

LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY
Current maturities of long-term debt		$12,137		$9,811
Short-term debt		54,552		43,694
Accounts payable		43,091		69,106
Supply chain finance program		76,336		78,076
Derivative liabilities		5,044		3,731
Accrued expenses and other current liabilities		62,707		35,217
Total current liabilities		253,867		239,635

Long-term debt, net		280,255		223,092
Convertible notes payable - related party, net		49,671		—
Deferred income taxes		13,288		10,847
Operating lease liabilities		59,287		63,554
Warrant liabilities		43,148		44,801
Other long-term liabilities		1,287		1,629
Total liabilities		700,803		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 June 30, 2024 and December 31, 2023, respectively, $11.50 liquidation value		274,042		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, 88,366 shares and 88,051 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively		884		880
Additional paid-in-capital		476,795		471,666
Accumulated deficit		(404,056)		(362,624)
Accumulated other comprehensive income		7,905		3,818
Total shareholders' equity		81,528		113,740

Total Liabilities, Convertible Preferred Shares and Shareholders' Equity		$1,056,373		$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.