RAYONIER ADVANCED MATERIALS INC.
For the period ended Sep 26, 2026. Filed Nov 4, 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.
Sep 26, 2026 · Filed Nov 4, 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)
| Nine Months Ended | ||
|---|---|---|
| September 26, 2026 | September 27, 2025 | |
| Operating activities | ||
| Net loss | $(342,951) | $(399,557) |
| Adjustments to reconcile net loss to cash provided by (used in) operating activities: | ||
| Income from discontinued operations | — | (2,670) |
| Depreciation and amortization | 98,665 | 95,585 |
| Temiscaming HPC permanent idling charges - accelerated depreciation | 34,494 | — |
| Temiscaming HPC permanent idling charges - other asset adjustments | 6,389 | — |
| Asset and investment impairments | 233,777 | — |
| Stock-based compensation expense | 2,668 | 4,703 |
| Deferred income tax expense (benefit) | (4,382) | 322,608 |
| Increase in environmental liabilities | 4,830 | 16,179 |
| Change in fair value of put option liability | 848 | 1,756 |
| Net periodic benefit cost of pension and other postretirement plans | (225) | 1,903 |
| Unrealized (gain) loss on foreign currency | (2,133) | 3,093 |
| Loss on disposal of property, plant and equipment | 126 | 797 |
| Gain on insurance recoveries | (8,000) | — |
| Other | 7,252 | 6,277 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (23,882) | 35,886 |
| Inventory | 41,486 | (38,924) |
| Accounts payable | 17,825 | (9,456) |
| Accrued and other current liabilities | 23,081 | (12,939) |
| Other | (19,119) | (28,203) |
| Contributions to pension and other postretirement plans | (5,120) | (5,387) |
| Cash provided by (used in) operating activities | 65,629 | (8,349) |
| Investing activities | ||
| Capital expenditures, net of proceeds from sale of property, plant and equipment | (66,066) | (98,673) |
| Insurance recoveries on property damage | 2,000 | 3,500 |
| Investment in equity method investment | — | (2,000) |
| Cash used in investing activities | (64,066) | (97,173) |
| Financing activities | ||
| Borrowings of long-term debt | 545,958 | 428,350 |
| Repayments of long-term debt | (554,363) | (378,532) |
| Other financing, net | (3,367) | 833 |
| Debt issuance costs | (387) | (197) |
| Repurchase of common stock | (2,183) | (3,018) |
| Cash provided by (used in) financing activities | (14,342) | 47,436 |
| Net decrease in cash and cash equivalents | (12,779) | (58,086) |
| Net effect of foreign exchange on cash and cash equivalents | (1,475) | 9,894 |
| Balance, beginning of period | 75,393 | 125,222 |
| Balance, end of period | $61,139 | $77,030 |
| Supplemental cash flow information: | ||
| Interest paid | $(44,890) | $(55,797) |
| Income taxes paid, net | $(338) | $(454) |
| Capital assets purchased on account | $21,808 | $23,603 |
| Operating lease ROU assets obtained in exchange for lease liabilities | $1,509 | $2,051 |
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