Westrock Coffee Co

For the period ended Mar 31, 2025. Filed May 8, 2025.

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, 2025 · Filed May 8, 2025

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

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

See the whole filing, with its images and exhibits

Contents

9. Leases

Note 9. Leases

We have operating leases for manufacturing, production, administrative, distribution and warehousing facilities, vehicles and machinery and equipment. Some of our lease agreements have renewal options, tenant improvement allowances, rent holidays and rent escalation clauses. The remaining terms on our leases range from 1 year to 15 years, some of whichmay include options to extend the leases and some of whichmay include options to terminate the leases within 1 year.

The following table summarizes the amount of right-of-use lease assets and lease liabilities included in each respective line item on the Company’s Condensed Consolidated Balance Sheets:


(Thousands) · Balance Sheet Location · March 31, 2025 · December 31, 2024
Right-of-use operating lease assets	Operating lease right-of-use assets	$62,802	$63,380
Operating lease liabilities - current	Accrued expenses and other current liabilities	5,205	4,420
Operating lease liabilities - noncurrent	Operating lease liabilities	59,605	60,692

During the three months ended March 31, 2025 and 2024, the Company obtained approximately $0.7 million and $1.0 million, respectively, of right-of-use operating lease assets in exchange for lease obligations.

On February 12, 2024, following the completion of its 530,000 square foot distribution center in Conway, Arkansas, the Company entered into a lease termination agreement for the Gregory Distribution Center lease. The Gregory Distribution Center lease terminated, by mutual agreement, on June 30, 2024. No costs were incurred as a result of the lease termination. This lease termination event does not significantly alter the Company’s operational capabilities or its financial position.

Depending on the nature of the lease, lease costs are classified within costs of sales or selling, general and administrative expense on the Company’s Condensed Consolidated Statements of Operations. The components of lease costs for the three months ended March 31, 2025 and 2024, respectively, are as follows:


· · Three Months Ended March 31,
(Thousands) · · 2025 · 2024
Operating lease cost	$2,476	$2,792
Short-term lease cost	206	232
Total	$2,682	$3,024

The following table presents information about the Company’s weighted average discount rate and remaining lease term as of March 31, 2025 and December 31, 2024:


· March 31, 2025 · December 31, 2024
Weighted-average discount rate	7.7%	7.7%
Weighted-average remaining lease term	12.0 years	12.1 years

Supplemental cash flow information about the Company’s leases as of March 31, 2025 and 2024, respectively, is as follows:

· · · · · ·
· · Three Months Ended March 31,
(Thousands) · 2025 · 2024
Cash paid related to operating lease liabilities	$2,283	$2,503

Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued expenses and other current liabilities and long-term debt, net on the Condensed Consolidated Balance Sheets. There wereno material finance leases as of March 31, 2025.

Future minimum lease payments under non-cancellable operating leases as of March 31, 2025 are as follows:


(Thousands) · ·
2025			$6,674
2026			8,711
2027			8,637
2028			8,112
2029			8,184
Thereafter			62,300
Total future minimum lease payments			102,618
Less: imputed interest			(37,808)
Present value of minimum lease payments			$64,810

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.