RAYONIER ADVANCED MATERIALS INC.
For the period ended Mar 28, 2026. Filed May 6, 2026.
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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 28, 2026 · Filed May 6, 2026
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 28, 2026 | March 29, 2025 | |
| Operating activities | ||
| Net loss | $(81,530) | $(31,952) |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||
| Depreciation and amortization | 33,453 | 31,251 |
| Temiscaming HPC permanent idling charges - accelerated depreciation | 34,494 | — |
| Temiscaming HPC permanent idling charges - other asset adjustments | 6,389 | — |
| Stock-based compensation expense | 767 | 1,805 |
| Deferred income tax benefit | (7,661) | (6,016) |
| Increase in environmental liabilities | 1,233 | 13,021 |
| Change in fair value of put option liability | 1,890 | 494 |
| Net periodic benefit cost of pension and other postretirement plans | (26) | 648 |
| Unrealized (gain) loss on foreign currency | (907) | 730 |
| Gain on insurance recoveries | (3,800) | — |
| Other | 2,347 | 1,514 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 18,935 | 47,744 |
| Inventory | 13,341 | (3,222) |
| Accounts payable | 12,752 | 5,857 |
| Accrued and other current liabilities | 7,769 | (6,531) |
| Other | (5,690) | (13,777) |
| Contributions to pension and other postretirement plans | (1,819) | (1,950) |
| Cash provided by operating activities | 31,937 | 39,616 |
| Investing activities | ||
| Capital expenditures, net of proceeds from sale of property, plant and equipment | (22,004) | (37,510) |
| Insurance recoveries on property damage | 2,000 | — |
| Cash used in investing activities | (20,004) | (37,510) |
| Financing activities | ||
| Borrowings of long-term debt | 159,048 | — |
| Repayments of long-term debt | (171,217) | (1,658) |
| Short-term financing, net | (3,795) | 3,778 |
| Debt issuance costs | (387) | — |
| Repurchase of common stock | (1,929) | (2,838) |
| Cash used in financing activities | (18,280) | (718) |
| Net increase (decrease) in cash and cash equivalents | (6,347) | 1,388 |
| Net effect of foreign exchange on cash and cash equivalents | (1,102) | 3,250 |
| Balance, beginning of period | 75,393 | 125,222 |
| Balance, end of period | $67,944 | $129,860 |
| Supplemental cash flow information: | ||
| Interest paid | $(1,589) | $(877) |
| Income taxes (paid) refunded, net | $(493) | $2,119 |
| Capital assets purchased on account | $28,951 | $38,542 |
| Operating lease ROU assets obtained in exchange for lease liabilities | $571 | $198 |
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