Redwire Corp
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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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.
FY2024 · Filed Mar 11, 2025
RDW$8.13-0.2%Stored close · as of Nov 10, 2026
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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, 2024 | December 31, 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(114,311) | $(27,264) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization expense | 11,692 | 10,724 |
| Amortization of debt issuance costs and discount | 857 | 608 |
| Equity-based compensation expense | 11,326 | 8,658 |
| (Gain) loss on sale of joint ventures | (1,303) | — |
| (Gain) loss on change in fair value of committed equity facility | — | 255 |
| (Gain) loss on change in fair value of warrants | 51,960 | 2,011 |
| Deferred provision (benefit) for income taxes | (1,803) | (925) |
| Income from equity method investments | — | (245) |
| Non-cash lease expense | 227 | 327 |
| Non-cash interest expense | — | 525 |
| Other | 2,050 | (238) |
| Changes in assets and liabilities: | ||
| (Increase) decrease in accounts receivable | 14,670 | (5,562) |
| (Increase) decrease in contract assets | (7,138) | (5,442) |
| (Increase) decrease in inventory | (734) | (44) |
| (Increase) decrease in prepaid insurance | 108 | 1,157 |
| (Increase) decrease in prepaid expenses and other assets | (1,901) | (928) |
| Increase (decrease) in accounts payable and accrued expenses | 4,365 | (3,280) |
| Increase (decrease) in deferred revenue | 3,207 | 22,736 |
| Increase (decrease) in operating lease liabilities | (342) | (325) |
| Increase (decrease) in other liabilities | 9,722 | (960) |
| Increase (decrease) in notes payable to sellers | — | (557) |
| Net cash provided by (used in) operating activities | (17,348) | 1,231 |
| Cash flows from investing activities: | ||
| Acquisition of businesses, net of cash acquired | (881) | — |
| Net proceeds from sale of joint ventures | 4,598 | — |
| Purchases of property, plant and equipment | (6,399) | (5,620) |
| Purchase of intangible assets | (4,517) | (2,707) |
| Net cash provided by (used in) investing activities | (7,199) | (8,327) |
| Cash flows from financing activities: | ||
| Proceeds received from debt | 45,971 | 36,696 |
| Repayments of debt | (8,863) | (26,683) |
| Payment of debt issuance fees to third parties | (780) | (163) |
| Repayment of finance leases | (479) | (395) |
| Proceeds from third-party advances | 7,820 | — |
| Proceeds from issuance of common stock | 2,669 | 1,241 |
| 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 | (2,622) | (570) |
| Payment of contingent earnout | — | (443) |
| Net cash provided by (used in) financing activities | 43,716 | 9,060 |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | (376) | (2) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 18,793 | 1,962 |
| Cash, cash equivalents and restricted cash at beginning of period | 30,278 | 28,316 |
| Cash, cash equivalents and restricted cash at end of period | $49,071 | $30,278 |
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