Redwire Corp
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 20, 2024
RDW$8.13-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands of U.S. dollars)
| Year Ended | ||
|---|---|---|
| December 31, 2023 | December 31, 2022 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(27,264) | $(130,620) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 10,724 | 11,288 |
| Amortization of debt issuance costs and discount | 608 | 490 |
| Equity-based compensation expense | 8,658 | 10,786 |
| (Gain) loss on change in fair value of committed equity facility | 255 | 631 |
| (Gain) loss on change in fair value of warrants | 2,011 | (17,784) |
| Deferred provision (benefit) for income taxes | (925) | (8,238) |
| Impairment expense | — | 96,623 |
| Income from equity method investments | (245) | (58) |
| Non-cash lease expense | 327 | 264 |
| Non-cash interest expense | 525 | 690 |
| Other | (238) | 208 |
| Changes in assets and liabilities: | ||
| (Increase) decrease in accounts receivable | (5,562) | (6,646) |
| (Increase) decrease in contract assets | (5,442) | 813 |
| (Increase) decrease in inventory | (44) | (978) |
| (Increase) decrease in prepaid insurance | 1,157 | 579 |
| (Increase) decrease in prepaid expenses and other assets | (928) | 266 |
| Increase (decrease) in accounts payable and accrued expenses | (3,280) | (1) |
| Increase (decrease) in deferred revenue | 22,736 | 8,270 |
| Increase (decrease) in operating lease liabilities | (325) | — |
| Increase (decrease) in other liabilities | (960) | 1,760 |
| Increase (decrease) in notes payable to sellers | (557) | — |
| Net cash provided by (used in) operating activities | 1,231 | (31,657) |
| Cash flows from investing activities: | ||
| Acquisition of businesses, net of cash acquired | — | (33,230) |
| Purchases of property, plant and equipment, net | (5,620) | (3,626) |
| Purchase of intangible assets | (2,707) | (526) |
| Net cash provided by (used in) investing activities | (8,327) | (37,382) |
| Cash flows from financing activities: | ||
| Proceeds received from debt | 36,696 | 22,696 |
| Repayments of debt | (26,683) | (23,658) |
| Payment of debt issuance fees to third parties | (163) | (1,254) |
| Repayment of finance leases | (395) | (55) |
| Proceeds from issuance of common stock | 1,241 | 2,956 |
| Payment of committed equity facility transaction costs | (571) | (161) |
| Proceeds from issuance of convertible preferred stock | — | 81,250 |
| Payments of issuance costs related to convertible preferred stock | (52) | (4,833) |
| Shares repurchased for settlement of employee tax withholdings on share-based awards | (570) | (381) |
| Payment of contingent earnout | (443) | — |
| Net cash provided by (used in) financing activities | 9,060 | 76,560 |
| Effect of foreign currency rate changes on cash and cash equivalents | (2) | 272 |
| Net increase (decrease) in cash and cash equivalents | 1,962 | 7,793 |
| Cash and cash equivalents at beginning of period | 28,316 | 20,523 |
| Cash and cash equivalents at end of period | $30,278 | $28,316 |
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