Agrofresh solutions, inc. (AGFS)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
ASSETS
Current Assets:
Cash and cash equivalents

28,300

29,288

18,746

35,866

39,995

34,852

26,022

41,776

56,962

64,533

75,418

78,592

84,858

77,312

-

60,313

64,955

-

28,755

-

-

-

-

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $2,079 and $2,232, respectively

58,551

68,634

72,074

49,054

63,923

67,942

96,477

39,916

65,766

71,509

78,787

30,270

55,167

63,675

-

37,737

62,742

-

84,053

-

-

-

-

-

-

-

Inventories

23,154

22,621

24,199

24,914

22,441

24,807

18,307

27,278

20,612

24,109

16,952

18,220

16,156

15,467

17,220

17,930

23,826

44,176

89,815

-

-

-

-

-

-

-

Other current assets

12,889

11,802

14,648

15,316

13,947

15,608

19,247

25,017

21,840

18,684

14,319

13,782

13,642

14,047

-

19,123

10,099

12,297

4,666

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

305

526

733

914

954

988

25

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

63

81

113

129

152

-

Total Current Assets

122,894

132,345

129,667

125,150

140,306

143,209

160,053

133,987

165,180

178,835

185,476

140,864

169,823

170,501

-

135,103

161,622

-

207,289

371

590

814

1,027

1,083

1,141

25

Property and equipment, net

12,739

13,177

13,643

14,453

14,095

13,289

13,929

13,645

13,737

12,200

9,299

8,186

7,748

8,048

9,746

8,778

5,799

4,606

4,507

-

-

-

-

-

-

-

Goodwill

6,246

6,323

6,091

6,322

6,649

6,670

6,528

5,680

5,748

9,402

-

-

-

0

62,373

62,373

62,079

56,006

41,555

-

-

-

-

-

-

-

Intangible assets, net

620,225

631,369

676,938

688,452

700,039

711,967

725,653

736,940

746,977

757,882

748,793

757,935

766,868

776,584

795,246

805,251

815,154

825,056

829,229

-

-

-

-

-

-

-

Deferred income tax assets

13,523

10,317

10,095

9,193

8,361

7,332

7,020

7,605

6,606

8,198

7,694

8,379

8,227

8,459

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax assets  noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,914

30,919

-

401

-

-

-

-

-

-

-

Other assets

11,549

12,161

22,492

23,218

23,968

16,820

16,857

17,289

11,308

16,746

2,043

2,193

2,330

2,252

-

3,173

4,784

-

2,763

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

716

-

-

-

-

-

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

Cash held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,500

-

Investments held in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

220,504

220,504

220,502

220,500

220,500

210,000

-

TOTAL ASSETS

787,176

805,692

858,926

866,788

893,418

899,287

930,040

915,146

949,556

983,263

953,305

917,557

954,996

965,844

-

1,065,592

1,080,357

-

1,085,744

221,592

221,094

221,317

221,528

221,583

221,641

143

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable

14,586

15,105

10,257

11,528

7,377

7,530

14,916

7,769

7,337

15,014

14,438

9,228

9,956

12,133

-

14,248

18,204

-

10,527

-

-

-

-

-

-

-

Current portion of long-term debt

4,966

4,675

4,748

5,860

6,836

6,419

8,717

6,995

7,700

7,926

5,313

4,250

4,250

15,250

-

4,250

4,250

-

4,250

-

-

-

-

-

-

-

Income taxes payable

5,113

5,648

4,374

4,331

5,418

4,815

5,753

4,715

7,689

5,931

6,017

5,531

3,121

3,121

-

2,857

2,695

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

401

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

21,991

24,350

41,397

41,646

51,246

45,340

62,200

50,046

43,391

65,809

48,094

32,946

67,281

66,366

65,515

61,299

60,408

47,595

37,772

-

-

-

-

-

-

-

Accrued formation and offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

141

69

96

58

15

118

Note payable - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380

-

-

-

-

-

-

Franchise tax payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

45

180

130

81

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,307

226

80

10

15

-

-

Total Current Liabilities

46,656

49,778

60,776

63,365

70,877

64,104

91,586

69,525

66,117

94,680

73,862

51,955

84,608

96,870

-

82,654

85,557

-

52,950

1,885

412

330

237

155

19

118

Long-term debt

398,157

398,064

398,619

399,272

399,656

400,309

399,960

401,469

402,209

402,868

402,333

402,877

403,431

392,996

-

405,123

405,702

-

407,163

-

-

-

-

-

-

-

Other noncurrent liabilities

6,636

7,246

40,733

39,607

38,130

32,066

38,518

37,644

39,193

38,505

70,397

70,857

145,455

140,833

182,826

177,706

170,292

164,630

169,978

-

-

-

-

-

-

-

Deferred income tax liabilities

15,156

16,574

17,555

23,110

28,757

30,232

30,806

30,031

33,168

31,130

22,790

20,455

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities  noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,575

1,001

-

9,779

-

-

-

-

-

-

-

Deferred underwriting compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,717

7,717

7,717

7,717

7,717

7,717

-

Total liabilities

466,605

471,662

517,683

525,354

537,420

526,711

560,870

538,669

540,687

567,183

569,382

546,144

633,494

630,699

-

667,058

662,552

-

639,870

9,602

8,130

8,048

7,955

7,873

7,736

118

Commitments and contingencies (see Note 19)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

-

0

0

-

0

-

-

-

-

-

-

-

Common stock subject to possible redemption 20,698,904 shares and 20,826,942 shares at June 30, 2015 and December 31, 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206,989

-

208,269

-

-

-

-

Common stock subject to possible redemption 20,796,413 shares and 20,826,942 shares at March 31, 2015 and December 31, 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207,964

-

208,572

208,710

208,904

-

Stockholders’ Equity:
Common stock, par value $0.0001; 400,000,000 shares authorized, 51,835,988 and 51,839,527 shares issued and 51,174,607 and 51,178,146 outstanding at March 31, 2020 and December 31, 2019, respectively

5

5

5

5

5

5

5

5

5

5

5

5

5

5

-

5

5

-

5

0

0

0

0

0

0

0

Preferred stock, par value $0.0001; 1 share authorized and outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

-

0

0

0

0

0

0

0

0

Treasury stock, par value $0.0001; $661,381 shares at March 31, 2020 and December 31, 2019, respectively

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

3,885

-

3,885

3,885

-

-

-

-

-

-

-

-

-

Additional paid-in capital

561,483

561,006

538,075

537,259

536,407

535,819

535,043

534,755

533,524

533,015

532,337

531,573

475,854

475,598

-

474,181

473,565

-

467,520

6,953

5,978

5,673

5,369

5,232

4,999

24

Accumulated deficit

-203,269

-199,621

-170,388

-173,677

-151,408

-138,789

-136,611

-140,080

-121,696

-108,729

-132,076

-141,622

-144,229

-132,200

-

-70,941

-45,777

-

-20,223

-1,954

-979

-673

-370

-

-

-

Accumulated other comprehensive loss

-41,182

-31,060

-30,491

-26,473

-33,418

-28,837

-33,383

-22,834

-7,613

-12,769

-12,458

-14,658

-6,243

-4,373

-

-826

-6,103

-

-1,428

-

-

-

-

-

-

-

Deficit accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

232

-

-

Total AgroFresh Stockholders’ Equity

313,152

326,445

333,316

333,229

347,701

364,313

361,169

367,961

400,335

407,637

383,923

371,413

321,502

335,145

-

398,534

417,805

-

445,874

5,000

5,000

5,000

5,000

5,000

5,000

25

Non-controlling interest

7,419

7,585

7,927

8,205

8,297

8,263

8,001

8,516

8,534

8,443

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Total Stockholders' Equity

320,571

334,030

341,243

341,434

355,998

372,576

369,170

376,477

408,869

416,080

-

-

-

335,145

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

787,176

805,692

858,926

866,788

893,418

899,287

930,040

915,146

949,556

983,263

953,305

917,557

954,996

965,844

-

1,065,592

1,080,357

-

1,085,744

221,592

221,094

221,317

221,528

221,583

221,641

143

Par value of common stock (in dollars per share)

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock, par value (in dollars per share)

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock, shares authorized (in shares)

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock (in shares)

-

-

661

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-