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RAYONIER ADVANCED MATERIALS INC

For the period ended Dec 31, 2024. Filed Mar 6, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 6, 2025

RYAM$5.61-1.4%Stored close · as of Nov 10, 2026

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

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Contents

Item 8. Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows

Year Ended December 31,
202420232022
Operating activities
Net loss$(38,707)$(101,835)$(14,919)
Adjustments to reconcile net loss to cash provided by operating activities:
Income from discontinued operations(3,217)(312)(12,458)
Depreciation and amortization137,173139,983134,576
Asset impairment25,16962,300—
Stock-based compensation expense7,1016,5079,650
Amortization of debt discount and issuance costs8,5596,0504,033
Deferred income tax benefit(9,606)(27,713)(3,948)
Increase in environmental liabilities6,4174,7644,595
Gain on GreenFirst equity securities——(5,197)
(Gain) loss on debt extinguishment4,363(361)(651)
Net periodic benefit cost of pension and other postretirement plans2,2683,5785,290
Unrealized (gain) loss on foreign currency(5,613)1,900(5,666)
Loss on disposal of property, plant and equipment1,7907313,742
Changes in operating assets and liabilities:
Accounts receivable(24,392)19,979(33,824)
Inventories(2,134)58,949(35,113)
Income tax receivable19,859(7,137)19,795
Accounts payable8,06813,757(8,266)
Accrued and other current liabilities20,505(12,219)27,909
Duty refund rights40,111(1,946)(17,760)
Other20,315(13,783)9,401
Contributions to pension and other postretirement plans(8,514)(11,533)(7,915)
Expenditures for environmental liabilities(5,905)(5,385)(4,461)
Cash provided by operating activities203,610136,27468,813
Investing activities
Capital expenditures, net of proceeds(107,944)(127,670)(138,223)
Investment in equity method investment—(780)(379)
Cash used in investing activities-continuing operations(107,944)(128,450)(138,602)
Cash provided by investing activities-discontinued operations—1,16944,428
Cash used in investing activities(107,944)(127,281)(94,174)
Financing activities
Borrowings of long-term debt672,200465,0305,721
Repayments of long-term debt(701,885)(537,845)(75,250)
Short-term financing, net(2,740)1,369(3,153)
Debt issuance costs(23,790)(10,082)—
Repurchase of common stock(914)(5,419)(433)
Contribution from redeemable noncontrolling interest15,843——
Preferred equity issuance costs(1,192)——
Cash used in financing activities(42,478)(86,947)(73,115)
Net increase (decrease) in cash and cash equivalents53,188(77,954)(98,476)
Net effect of foreign exchange on cash and cash equivalents(3,734)1,919(3,028)
Balance, beginning of period75,768151,803253,307
Balance, end of period$125,222$75,768$151,803
Year Ended December 31,
202420232022
Supplemental cash flow information:
Interest paid$(95,050)$(51,017)$(58,053)
Income taxes refunded (paid), net19,003(7,239)15,200
Capital assets purchased on account39,16337,36329,726
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.