RAYONIER ADVANCED MATERIALS INC
For the period ended Mar 30, 2024. Filed May 8, 2024.
View on SEC.govAbout 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 30, 2024 · Filed May 8, 2024
RYAM$5.61-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended | ||
|---|---|---|
| March 30, 2024 | April 1, 2023 | |
| Operating activities | ||
| Net income (loss) | $(1,570) | $1,607 |
| Adjustments to reconcile net income (loss) to cash provided by operating activities: | ||
| Depreciation and amortization | 33,283 | 35,257 |
| Stock-based compensation expense | 1,780 | 1,478 |
| Net periodic benefit cost of pension and other postretirement plans | 755 | 921 |
| Unrealized (gain) loss on foreign currency | (1,899) | 267 |
| Other | 3,062 | 2,152 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 12,792 | 9,242 |
| Inventories | (21,231) | 28,600 |
| Accounts payable | (14,320) | (6,971) |
| Accrued liabilities | (12,476) | (26,406) |
| Other | 13,353 | 9,929 |
| Contributions to pension and other postretirement plans | (2,264) | (4,687) |
| Cash provided by operating activities | 11,265 | 51,389 |
| Investing activities | ||
| Capital expenditures, net of proceeds | (32,561) | (21,180) |
| Investment in equity method investment | — | (168) |
| Cash used in investing activities | (32,561) | (21,348) |
| Financing activities | ||
| Borrowings of long-term debt | 132,825 | 536 |
| Repayments of long-term debt | (127,861) | (8,369) |
| Short-term financing, net | (1,709) | (647) |
| Debt issuance costs | (1,875) | — |
| Repurchase of common stock | (453) | (5,109) |
| Cash provided by (used in) financing activities | 927 | (13,589) |
| Net increase (decrease) in cash and cash equivalents | (20,369) | 16,452 |
| Net effect of foreign exchange on cash and cash equivalents | (791) | 1,147 |
| Balance, beginning of period | 75,768 | 151,803 |
| Balance, end of period | $54,608 | $169,402 |
| Supplemental cash flow information: | ||
| Interest paid | $(34,036) | $(18,841) |
| Income taxes refunded (paid), net | 1,587 | (3,029) |
| Capital assets purchased on account | 23,495 | 30,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.