RAYONIER ADVANCED MATERIALS INC.
For the period ended Jun 27, 2026. Filed Aug 5, 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.
Jun 27, 2026 · Filed Aug 5, 2026
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)
| Six Months Ended | ||
|---|---|---|
| June 27, 2026 | June 28, 2025 | |
| Operating activities | ||
| Net loss | $(114,224) | $(395,131) |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||
| Income from discontinued operations | — | (2,670) |
| Depreciation and amortization | 65,450 | 62,438 |
| Temiscaming HPC permanent idling charges - accelerated depreciation | 34,494 | — |
| Temiscaming HPC permanent idling charges - other asset adjustments | 6,389 | — |
| Asset impairment | 13,037 | — |
| Stock-based compensation expense | 1,579 | 3,255 |
| Deferred income tax expense (benefit) | (6,096) | 332,705 |
| Increase in environmental liabilities | 3,094 | 14,406 |
| Change in fair value of put option liability | 2,934 | 1,052 |
| Net periodic benefit cost of pension and other postretirement plans | (147) | 1,274 |
| Unrealized (gain) loss on foreign currency | (2,296) | 4,343 |
| Loss on disposal of property, plant and equipment | 288 | 646 |
| Gain on insurance recoveries | (5,443) | — |
| Other | 4,729 | 4,078 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 13,032 | 66,487 |
| Inventory | 40,669 | (20,604) |
| Accounts payable | 3,602 | 1,786 |
| Accrued and other current liabilities | 4,347 | (26,789) |
| Other | (24,662) | (33,732) |
| Contributions to pension and other postretirement plans | (3,835) | (4,106) |
| Cash provided by operating activities | 36,941 | 9,438 |
| Investing activities | ||
| Capital expenditures, net of proceeds from sale of property, plant and equipment | (47,355) | (74,980) |
| Insurance recoveries on property damage | 2,000 | — |
| Cash used in investing activities | (45,355) | (74,980) |
| Financing activities | ||
| Borrowings of long-term debt | 357,798 | 155,750 |
| Repayments of long-term debt | (357,932) | (149,500) |
| Short-term financing, net | (5,836) | (2,319) |
| Debt issuance costs | (387) | — |
| Repurchase of common stock | (2,145) | (3,018) |
| Cash provided by (used in) financing activities | (8,502) | 913 |
| Net decrease in cash and cash equivalents | (16,916) | (64,629) |
| Net effect of foreign exchange on cash and cash equivalents | (1,468) | 10,086 |
| Balance, beginning of period | 75,393 | 125,222 |
| Balance, end of period | $57,009 | $70,679 |
| Supplemental cash flow information: | ||
| Interest paid | $(23,027) | $(34,208) |
| Income taxes (paid) refunded, net | $(284) | $231 |
| Capital assets purchased on account | $29,624 | $29,851 |
| Operating lease ROU assets obtained in exchange for lease liabilities | $716 | $770 |
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