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$8.88+1.0%Stored close · as of Nov 10, 2026

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

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Contents

Condensed Consolidated Statements of Cash Flows

(Unaudited)


· · Three Months Ended March 31,
(Thousands)	2025		2024
Cash flows from operating activities:
Net loss		$(27,218)		$(23,673)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		11,755		7,548
Equity-based compensation		3,331		2,455
Provision for credit losses		(166)		441
Amortization of deferred financing fees included in interest expense		893		1,050
Write-off of unamortized deferred financing fees		137		—
(Gain) loss on disposal of property, plant and equipment		7		2
Mark-to-market adjustments		(2,073)		(1,640)
Change in fair value of warrant liabilities		—		(41)
Foreign currency transactions		(141)		245
Deferred income tax expense (benefit)		1,828		5,815
Other		449		343
Change in operating assets and liabilities:
Accounts receivable		14,553		8,397
Inventories		(27,329)		8,907
Derivative assets and liabilities		(3,589)		1,302
Prepaid expense and other assets		1,567		494
Accounts payable		899		(18,038)
Accrued liabilities and other		2,976		14,372
Net cash (used in) provided by operating activities		(22,121)		7,979
Cash flows from investing activities:
Additions to property, plant and equipment		(41,291)		(68,914)
Additions to intangible assets		(20)		(43)
Proceeds from sale of equity method investments and non-marketable securities		500		—
Proceeds from sale of property, plant and equipment		26		21
Net cash used in investing activities		(40,785)		(68,936)
Cash flows from financing activities:
Payments on debt		(34,064)		(100,462)
Proceeds from debt		80,073		73,813
Payments on supply chain financing program		(32,844)		(38,980)
Proceeds from supply chain financing program		49,369		39,610
Proceeds from convertible notes payable		—		22,000
Proceeds from convertible notes payable - related party		—		50,000
Payment of debt issuance costs		(2,176)		(2,934)
Net proceeds from (repayments of) repurchase agreements		13,473		(4,933)
Payment for taxes for net share settlement of equity awards		(1,549)		(1,141)
Net cash provided by financing activities		72,282		36,973
Effect of exchange rate changes on cash		(52)		(80)
Net increase (decrease) in cash and cash equivalents and restricted cash		9,324		(24,064)
Cash and cash equivalents and restricted cash at beginning of period		35,564		37,840
Cash and cash equivalents and restricted cash at end of period		$44,888		$13,776

Supplemental non-cash investing and financing activities:
Property, plant and equipment acquired but not yet paid		$13,036		$17,508

The total cash and cash equivalents and restricted cash at March 31, 2025 and 2024 is as follows:


(Thousands) · March 31, 2025 · March 31, 2024
Cash and cash equivalents	$33,052	$12,571
Restricted cash	8,984	1,205
Cash and cash equivalents - held for sale (Note 3)	2,852	—
Total	$44,888	$13,776

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.