Redwire Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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 30, 2024 · Filed Nov 7, 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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Condensed Consolidated Statements of Cash Flows
(In thousands of U.S. dollars)
| Nine Months Ended | ||
|---|---|---|
| September 30, 2024 | September 30, 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(47,142) | $(19,048) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 8,538 | 7,971 |
| Amortization of debt issuance costs and discount | 584 | 448 |
| Equity-based compensation expense | 8,046 | 6,317 |
| (Gain) loss on sale of joint ventures | (1,303) | — |
| (Gain) loss on change in fair value of committed equity facility | — | 179 |
| (Gain) loss on change in fair value of warrants | 8,111 | 2,475 |
| Deferred provision (benefit) for income taxes | (47) | (1,012) |
| Non-cash lease expense | 23 | 248 |
| Non-cash interest expense | — | 525 |
| Other | (74) | 157 |
| Changes in assets and liabilities: | ||
| (Increase) decrease in accounts receivable | 14,496 | 2,031 |
| (Increase) decrease in contract assets | (8,754) | (9,008) |
| (Increase) decrease in inventory | (537) | (221) |
| (Increase) decrease in prepaid insurance | (208) | 936 |
| (Increase) decrease in prepaid expenses and other assets | (4,039) | 255 |
| Increase (decrease) in accounts payable and accrued expenses | (4,964) | (2,202) |
| Increase (decrease) in deferred revenue | (7,448) | (2,734) |
| Increase (decrease) in operating lease liabilities | (256) | (241) |
| Increase (decrease) in other liabilities | 10,551 | (979) |
| Increase (decrease) in notes payable to sellers | 11 | (557) |
| Net cash provided by (used in) operating activities | (24,412) | (14,460) |
| Cash flows from investing activities: | ||
| Acquisition of businesses, net of cash acquired | (796) | — |
| Net proceeds from sale of joint ventures | 4,598 | — |
| Purchases of property, plant and equipment, net | (4,064) | (3,524) |
| Purchase of intangible assets | (2,788) | (1,690) |
| Net cash provided by (used in) investing activities | (3,050) | (5,214) |
| Cash flows from financing activities: | ||
| Proceeds received from debt | 42,971 | 23,696 |
| Repayments of debt | (8,183) | (19,890) |
| Payment of debt issuance fees to third parties | (780) | — |
| Repayment of finance leases | (357) | (282) |
| Proceeds from third-party advances | 7,820 | — |
| Proceeds from issuance of common stock | 546 | 84 |
| Payment of committed equity facility transaction costs | — | (571) |
| Payments of issuance costs related to convertible preferred stock | — | (52) |
| Shares repurchased for settlement of employee tax withholdings on share-based awards | (1,737) | (248) |
| Payment of contingent earnout | — | (443) |
| Net cash provided by (used in) financing activities | 40,280 | 2,294 |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | (2) | (77) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 12,816 | (17,457) |
| Cash, cash equivalents and restricted cash at beginning of period | 30,278 | 28,316 |
| Cash, cash equivalents and restricted cash at end of period | $43,094 | $10,859 |
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