AgroFresh Solutions, Inc. AGFS Cash Flow

Agrofresh solutions, inc. (AGFS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Sep'15	Dec'14	Sep'14	Jun'14	Mar'14
Cash flows from operating activities:
Net loss
-52,739	-61,510	-33,851	-33,908	-29,949	-30,240	-4,886	1,706	22,715	23,562	0	0	0	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-673	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
82,972	83,456	48,799	48,976	48,381	47,593	46,740	45,263	44,651	44,356	44,175	43,557	42,991	42,850	0	0	0	-	-	-	-	-
Provision for bad debts
455	63	824	1,335	764	1,208	647	-299	180	308	1,312	1,841	1,232	1,052	0	0	0	-	-	-	-	-
Stock-based compensation
2,989	2,934	3,095	2,344	2,783	2,804	2,533	2,980	2,279	1,886	1,667	2,369	2,395	3,250	0	0	0	-	-	-	-	-
Pension expense (income)
-	-	-	-	-	17	-309	-242	145	-153	415	341	237	188	0	0	0	-	-	-	-	-
Unrealized gain on derivative instrument
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Amortization of inventory fair value adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	30,377	0	0	0	-	-	-	-	-
Amortization of deferred financing costs
2,547	2,600	2,666	2,671	2,505	2,476	2,446	2,416	2,390	2,368	2,343	2,320	2,297	2,275	0	0	0	-	-	-	-	-
Interest income on interest rate swap
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received on interest rate swap termination, net of non-cash interest income recognized
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of contingent consideration
2,575	3,459	3,556	3,510	4,665	3,781	4,030	4,961	4,729	8,433	14,563	19,874	26,066	30,197	0	0	0	-	-	-	-	-
Change in fair value of contingent consideration
-520	-330	-3,433	-2,897	-2,966	-3,018	-23,985	-25,716	-27,025	-26,948	-51,059	-51,204	-50,293	-53,608	0	0	0	-	-	-	-	-
Deferred income taxes
-25,081	-21,631	-13,248	-6,543	-4,257	1,154	3,833	6,705	-9,117	-12,515	22,257	27,864	27,869	13,792	0	0	0	-	-	-	-	-
Loss on sales of property
30	-4	50	21	3	52	0	-1	0	-81	-82	-101	-97	-22	0	0	0	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-98	725	224	906	-32	0	0	0	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-3,293	321	-23,263	11,309	9,021	5,362	15,444	3,911	-2,651	-5,981	4,280	-3,514	3,657	4,101	0	0	0	-	-	-	-	-
Inventories
4,714	388	6,265	-2,364	4,255	1,581	873	4,821	-1,638	2,496	-64	-242	3,246	764	0	0	0	-	-	-	-	-
Prepaid expenses and other current assets
1,313	-2,087	-2,056	-6,668	-764	652	8,992	13,526	6,013	5,176	-11,518	-394	4,578	7,788	0	0	0	-	-	-	-	-
Accounts payable
6,266	6,499	108	1,136	-2,448	-10,955	-11,611	-1,325	-16,729	-13,889	-3,470	-14,688	-4,380	6,357	0	0	0	-	-	-	-	-
Accrued expenses and other liabilities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-
Income taxes payable
1,090	1,615	-2,681	-3,294	-5,161	-4,053	-1,673	-953	4,611	2,844	1,468	1,197	-1,279	-376	0	0	0	-	-	-	-	-
Other assets and liabilities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-
Net cash provided in operating activities
12,135	20,059	10,543	12,964	8,573	3,012	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81	0	0	0
Due to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	0	0	0
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-424	0	0	0
Cash flows from investing activities:
Cash flows from investing activities:
Cash paid for property and equipment
2,028	4,176	4,256	5,106	4,845	4,164	5,623	7,217	8,616	7,725	5,836	5,645	6,168	6,004	0	0	0	-	-	-	-	-
Proceeds from sale of property
-	-	-	-	-	-	-	-	-	-	-	-	-	76	0	0	0	-	-	-	-	-
Other investments
0	250	1,837	1,837	1,837	1,587	10,082	10,082	10,782	11,132	1,650	1,650	950	600	0	0	0	-	-	-	-	-
Net cash used in investing activities
-2,028	-4,426	-4,506	-5,356	-6,682	-5,751	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-
Cash and investments held in Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220,502	0	0	0
Cash flows from financing activities:
Proceeds from long-term debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of Dow liabilities settlement
-	-	-	-	-	10,000	10,000	10,000	20,000	10,000	0	0	0	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
6,868	6,285	7,635	5,571	5,411	6,096	5,407	5,220	4,359	4,015	3,187	4,250	4,251	4,250	0	0	0	-	-	-	-	-
Repurchase of stock for treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	1,488	0	0	0	-	-	-	-	-
Net cash used in financing activities
-21,560	-22,047	-13,767	-11,703	-11,543	-22,228	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents and restricted cash
287	1,379	981	-1,289	-7,315	-4,714	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents and restricted cash
-11,166	-5,035	-6,749	-5,384	-16,967	-29,681	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Issuance of common stock as consideration for acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition-related contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net (decrease)/increase in cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	708	0	0	0
Cash paid for:
Cash paid for:
Cash paid for interest
36,717	30,144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	20,041	-	18,409	24,642	24,441	24,560	0	0	0	-	-	-	-	-
Cash paid for income taxes
3,484	2,642	4,114	4,934	7,392	6,949	6,750	6,211	2,734	3,257	2,419	2,173	2,083	3,095	0	0	0	-	-	-	-	-
Supplemental schedule of non-cash investing and financing activities:
Accrued purchases of property and equipment
1	71	353	659	709	607	316	1,168	844	1,422	2,202	273	1,393	815	0	0	0	-	-	-	-	-
Right of use assets obtained in exchange for new lease liabilities
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Reconciliation of cash and cash equivalents and restricted cash:
Payment of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,024	0	0	0
Proceeds from the sale of warrants to Sponsor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,160	0	0	0
Proceeds from Public Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210,000	0	0	0
Proceeds from the underwriter's partial exercise of their over-allotment option
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,500	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	221,635	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	0	2,165	-	0	0	0	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	30,741	18,279	19,903	19,547	0	0	0	-	-	-	-	-
Deferred underwriting fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,717	0	0	0