RAYONIER ADVANCED MATERIALS INC.
For the period ended Mar 29, 2025. Filed May 7, 2025.
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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 29, 2025 · Filed May 7, 2025
RYAM$5.61-1.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended | ||
|---|---|---|
| March 29, 2025 | March 30, 2024 | |
| Operating activities | ||
| Net loss | $(31,952) | $(1,570) |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||
| Depreciation and amortization | 31,251 | 33,283 |
| Stock-based compensation expense | 1,805 | 1,780 |
| Deferred income tax benefit | (6,016) | 47 |
| Increase in environmental liabilities | 13,021 | 653 |
| Change in fair value of put option liability | 494 | — |
| Net periodic benefit cost of pension and other postretirement plans | 648 | 755 |
| Unrealized (gain) loss on foreign currency | 730 | (1,899) |
| Other | 1,514 | 2,362 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 47,744 | 12,792 |
| Inventory | (3,222) | (21,231) |
| Accounts payable | 5,857 | (14,320) |
| Accrued and other current liabilities | (6,531) | (12,476) |
| Other | (13,777) | 13,353 |
| Contributions to pension and other postretirement plans | (1,950) | (2,264) |
| Cash provided by operating activities | 39,616 | 11,265 |
| Investing activities | ||
| Capital expenditures, net of proceeds | (37,510) | (32,561) |
| Cash used in investing activities | (37,510) | (32,561) |
| Financing activities | ||
| Borrowings of long-term debt | — | 132,825 |
| Repayments of long-term debt | (1,658) | (127,861) |
| Short-term financing, net | 3,778 | (1,709) |
| Debt issuance costs | — | (1,875) |
| Repurchase of common stock | (2,838) | (453) |
| Cash provided by (used in) financing activities | (718) | 927 |
| Net increase (decrease) in cash and cash equivalents | 1,388 | (20,369) |
| Net effect of foreign exchange on cash and cash equivalents | 3,250 | (791) |
| Balance, beginning of period | 125,222 | 75,768 |
| Balance, end of period | $129,860 | $54,608 |
| Supplemental cash flow information: | ||
| Interest paid | $(877) | $(34,036) |
| Income taxes refunded, net | 2,119 | 1,587 |
| Capital assets purchased on account | 38,542 | 23,495 |
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