RAYONIER ADVANCED MATERIALS INC.
For the period ended Sep 27, 2025. Filed Nov 5, 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.
Sep 27, 2025 · Filed Nov 5, 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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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended | ||
|---|---|---|
| September 27, 2025 | September 28, 2024 | |
| Operating activities | ||
| Net loss | $(399,557) | $(22,778) |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||
| Income from discontinued operations | (2,670) | (3,217) |
| Depreciation and amortization | 95,585 | 101,988 |
| Asset impairment | — | 25,169 |
| Stock-based compensation expense | 4,703 | 5,089 |
| Deferred income tax expense (benefit) | 322,608 | (5,793) |
| Increase in environmental liabilities | 16,179 | 3,670 |
| Change in fair value of put option liability | 1,756 | — |
| Net periodic benefit cost of pension and other postretirement plans | 1,903 | 3,018 |
| Unrealized (gain) loss on foreign currency | 3,093 | (1,124) |
| Loss on disposal of property, plant and equipment | 797 | 1,701 |
| Other | 6,277 | 6,342 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 35,886 | 617 |
| Income tax receivable | 958 | 19,723 |
| Inventory | (38,924) | (26,485) |
| Accounts payable | (9,456) | (9,309) |
| Accrued and other current liabilities | (12,939) | 8,391 |
| Duty refund rights | — | 40,111 |
| Other | (29,161) | 8,314 |
| Contributions to pension and other postretirement plans | (5,387) | (6,737) |
| Cash provided by (used in) operating activities | (8,349) | 148,690 |
| Investing activities | ||
| Capital expenditures, net of proceeds from sale of property, plant and equipment | (98,673) | (79,665) |
| Proceeds related to insurance claims | 3,500 | — |
| Investment in unconsolidated subsidiaries | (2,000) | — |
| Cash used in investing activities | (97,173) | (79,665) |
| Financing activities | ||
| Borrowings of long-term debt | 428,350 | 232,200 |
| Repayments of long-term debt | (378,532) | (238,394) |
| Short-term financing, net | 833 | (1,248) |
| Debt issuance costs | (197) | (1,875) |
| Repurchase of common stock | (3,018) | (661) |
| Cash provided by (used in) financing activities | 47,436 | (9,978) |
| Net increase (decrease) in cash and cash equivalents | (58,086) | 59,047 |
| Net effect of foreign exchange on cash and cash equivalents | 9,894 | 1,276 |
| Balance, beginning of period | 125,222 | 75,768 |
| Balance, end of period | $77,030 | $136,091 |
| Supplemental cash flow information: | ||
| Interest paid | $(55,797) | $(71,243) |
| Income taxes (paid) refunded, net | $(454) | $19,608 |
| Capital assets purchased on account | $23,603 | $25,575 |
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