← Ranpak Holdings Corp.

Annual Trend FY 2017 FY 2018 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Income (Loss) Attributable to Parent — $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Net Income (Loss) Available to Common Stockholders, Basic — — ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Depreciation, Depletion and Amortization $61.1m $64.5m $62.7m $73.6m $69.0m $69.6m $65.3m $66.7m
Amortization of Debt Issuance Costs — — $1.6m $1.9m $1.5m $2.2m $2.8m $1.3m
Amortization of Intangible Assets — — $28.7m $29.5m $28.8m $29.4m $29.0m $28.8m
Capitalized Computer Software, Amortization — — — — $2.8m $3.0m $3.6m $4.1m
Depreciation $61.1m $64.5m $34.0m $44.1m $40.2m $40.2m $36.3m $37.9m
Depreciation, Nonproduction — — — — — — — $7.2m
Amortization of deferred financing costs $4.5m $2.6m $1.6m $1.9m $1.5m $2.2m $2.8m $1.3m
Amortization of initial value of interest rate swap — — ($1.7m) ($800k) ($800k) ($2.4m) ($1.2m) $0
Amortization of cloud-based software implementation costs — — $0 $0 $2.8m $3.0m $3.6m $4.1m
Amortization Cash Flow — — — — $28.8m $29.4m $29.0m $28.8m
Amortization Of Intangibles — — — — $28.8m $29.4m $29.0m $28.8m
Amortization Of Securities — — — — ($800k) ($2.4m) ($1.2m) $0
Depreciation Amortization Depletion — — — — $69.0m $69.6m $65.3m $66.7m
Deferred Income Tax Expense (Benefit) — — ($5.0m) ($12.8m) ($19.7m) ($5.9m) ($6.9m) ($7.7m)
Deferred income taxes ($52.2m) ($14.0m) ($5.4m) ($12.8m) ($19.7m) ($5.9m) ($6.9m) ($7.7m)
Deferred Income Tax — — — — ($19.7m) ($5.9m) ($6.9m) ($7.7m)
Deferred Tax — — — — ($19.7m) ($5.9m) ($6.9m) ($7.7m)
Share-based Payment Arrangement, Expense — — $7.2m $22.5m $18.3m ($10.2m) $6.3m $7.6m
Gain (Loss) on Disposition of Assets — — ($2.7m) ($1.8m) ($1.1m) ($1.4m) — —
Gain (Loss) on Disposition of Intangible Assets — — — — — — $5.4m $0
Gain (Loss) on Disposition of Property Plant Equipment — — — $0 $0 $2.9m ($1.2m) ($300k)
Gain (Loss) on Extinguishment of Debt — — — — — — ($4.8m) $0
Income Tax Expense (Benefit) — — ($1.2m) ($2.1m) ($15.3m) ($4.2m) ($2.2m) ($9.2m)
Interest Expense Nonoperating — — — — — — $28.6m $34.3m
Other Nonoperating Income (Expense) — — — — $4.3m $200k $20.9m $5.8m
Loss on extinguishment of debt — — — — $0 $0 $4.8m $0
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — ($900k) ($6.9m) ($9.1m) ($6.9m) $11.6m $4.4m
Increase (Decrease) in Inventories — — $4.6m $17.2m ($7.6m) ($5.3m) $4.8m $7.5m
Increase (Decrease) in Accounts Payable — — $10.3m $5.7m ($12.4m) ($700k) $9.1m $8.5m
Asset Retirement Obligation, Accretion Expense — — — $0 $0 — — —
Foreign Currency Transaction Gain (Loss), before Tax — — ($6.1m) $5.3m $2.2m $300k $1.6m $5.3m
Foreign Currency Transaction Gain (Loss), Unrealized — — ($6.0m) ($5.5m) $2.2m $300k $1.6m $5.3m
General and Administrative Expense — $762k — — — — — —
Goodwill — — $458.4m $453.0m $446.7m $450.1m $443.7m $457.2m
Investment Income, Interest — $5.1m — — — — — —
Nonoperating Income (Expense) — $5.1m — — — — — —
Operating Expenses — $3.7m — — — — — —
Payments of Financing Costs — — — $0 — $1.0m $10.4m $0
Unrealized Gain (Loss) on Derivatives — — — $0 — — — —
Unrealized Gain (Loss) on Investments — — — — $3.9m $0 ($400k) $5.8m
Net loss $27.7m $1.4m ($23.4m) ($2.8m) ($41.4m) ($27.1m) ($21.5m) ($38.3m)
Gain on sale of patents — — — — $0 $0 ($5.4m) $0
Foreign currency gain — ($4.2m) $6.0m $5.5m ($2.2m) ($300k) ($1.6m) ($5.3m)
Stock-based compensation expense — — — — $18.3m ($10.2m) $6.3m $7.6m
Provision for common stock warrants — — — — — $0 $0 $5.1m
Unrealized (gain) loss on strategic investments — — — $0 ($3.9m) $0 $400k ($5.8m)
Accounts receivable — ($2.0m) $900k $6.9m $9.1m $6.9m ($11.6m) ($4.4m)
Inventories ($4.8m) $300k ($4.6m) ($17.2m) $7.6m $5.3m ($4.8m) ($7.5m)
Income tax receivable — — — — $600k $400k ($1.0m) $0
Prepaid expenses and other current assets $2.5m ($500k) ($900k) ($500k) ($1.6m) ($2.3m) $600k $1.0m
Accounts payable $2.6m ($1.2m) $10.3m $5.7m ($12.4m) ($700k) $9.1m $8.5m
Accrued liabilities and other — — — — ($14.4m) $6.6m $7.8m ($6.9m)
Change in other assets and liabilities — $800k ($2.7m) ($11.6m) ($11.9m) $6.5m ($6.5m) $4.4m
Proceeds from sale of patents — — — — $0 $0 $5.4m $0
Cash paid for strategic investments — — — ($14.1m) ($2.1m) $0 ($4.8m) ($2.5m)
Principal payments on term loans ($56.9m) ($6.6m) ($1.6m) $1.6m ($1.1m) ($1.9m) ($390.9m) ($4.1m)
Financing costs of debt facilities ($700k) $0 $0 $0 $0 ($1.0m) ($10.4m) $0
Proceeds from hedging instruments — — — — — $0 $0 $700k
Proceeds from financing arrangements — — — — — $3.2m $700k $1.1m
Payments on financing arrangements — — — — — ($500k) ($1.5m) ($1.2m)
Payments on finance lease liabilities — — $0 ($700k) ($900k) ($1.1m) ($1.4m) ($2.3m)
Tax payments for withholdings on stock-based awards distributed — — — $0 ($2.5m) ($500k) ($400k) ($1.2m)
Beginning Cash Position — — — — $103.9m $62.8m $62.0m $76.1m
Cash Flow From Continuing Financing Activities — — — — ($4.5m) ($1.8m) $1.8m ($7.0m)
Cash Flow From Continuing Investing Activities — — — — ($37.9m) ($52.4m) ($32.5m) ($32.8m)
Change In Account Payable — — — — ($12.4m) ($700k) $9.1m $8.5m
Change In Accrued Expense — — — — ($14.4m) $6.6m $7.8m ($6.9m)
Change In Inventory — — — — $7.6m $5.3m ($4.8m) ($7.5m)
Change In Other Working Capital — — — — ($12.5m) $6.1m ($6.5m) $4.4m
Change In Payable — — — — ($12.4m) ($700k) $9.1m $8.5m
Change In Payables And Accrued Expense — — — — ($26.8m) $5.9m $16.9m $1.6m
Change In Prepaid Assets — — — — ($1.6m) ($2.3m) $600k $1.0m
Change In Receivables — — — — $9.7m $7.3m ($12.6m) ($4.4m)
Change In Working Capital — — — — ($23.6m) $22.3m ($6.4m) ($4.9m)
Changes In Account Receivables — — — — $9.1m $6.9m ($11.6m) ($4.4m)
Changes In Cash — — — — ($41.3m) ($1.6m) $10.7m ($16.7m)
End Cash Position — — — — $62.8m $62.0m $76.1m $63.0m
Financing Cash Flow — — — — ($4.5m) ($1.8m) $1.8m ($7.0m)
Free Cash Flow — — — — ($44.7m) ($2.7m) $8.3m ($7.2m)
Gain Loss On Investment Securities — — — ($800k) ($800k) ($2.4m) — —
Gain Loss On Sale Of PPE — — — — $1.1m $1.4m ($4.2m) $300k
Investing Cash Flow — — — — ($37.9m) ($52.4m) ($32.5m) ($32.8m)
Issuance Of Capital Stock — — — $104.0m $0 $0 — —
Net Business Purchase And Sale — — — ($14.1m) ($2.1m) $0 — —
Net Foreign Currency Exchange Gain Loss — — — — ($2.2m) ($300k) ($1.6m) ($5.3m)
Net Intangibles Purchase And Sale — — — — $0 $0 $5.4m $0
Net PPE Purchase And Sale — — — — ($44.8m) ($52.4m) ($33.1m) ($30.3m)
Operating Gains Losses — — — — ($1.1m) $1.1m ($1.0m) ($5.0m)
Other Non Cash Items — — — — $4.3m $5.2m $6.4m $5.4m
Provisionand Write Offof Assets — — — — — $0 $0 $5.1m
Purchase Of Business — — — ($14.1m) ($2.1m) $0 — —
Purchase Of PPE — — — — ($44.8m) ($55.3m) ($33.1m) ($30.3m)
Sale Of Intangibles — — — — $0 $0 $5.4m $0
Sale Of PPE — — — — $0 $2.9m $0 $0
Stock Based Compensation — — — — $18.3m ($10.2m) $6.3m $7.6m
Unrealized Gain Loss On Investment Securities — — — — ($3.9m) $0 $400k ($5.8m)
Other Operating Income (Expense), Net — — ($4.7m) ($3.4m) ($4.5m) ($5.2m) ($5.6m) ($4.5m)
Net Cash Provided by (Used in) Operating Activities $46.2m ($1.2m) $63.8m $54.3m $1.1m $52.6m $41.4m $23.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($22.8m) ($21.8m) $32.3m $54.5m $44.8m $55.3m ($4.8m) ($3.3m)
Capital Expenditure Reported — — — ($55.7m) ($1.0m) ($55.3m) $0 —
Payments to Acquire Businesses, Net of Cash Acquired — — — $14.1m $2.1m — — —
Net Investment Purchase And Sale — — — — $7.9m $0 ($4.8m) ($2.5m)
Purchase Of Investment — — — — ($2.1m) $0 ($4.8m) ($2.5m)
Sale Of Investment — — — $0 $10.0m $0 $0 —
Net Cash Provided by (Used in) Investing Activities ($29.1m) ($301.0m) ($34.5m) ($69.8m) ($37.9m) ($52.4m) ($32.5m) ($32.8m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $0 — — — —
Proceeds from debt facilities — — — — $0 $0 $410.0m $0
Issuance Of Debt — — — — $0 $3.2m $410.7m $1.1m
Long Term Debt Issuance — — — — $0 $3.2m $410.7m $1.1m
Net Issuance Payments Of Debt — — — — ($2.0m) ($300k) $16.9m ($6.5m)
Net Long Term Debt Issuance — — — — ($2.0m) ($300k) $16.9m ($6.5m)
Repayments of Long-term Debt — — $1.6m — — — — $4.1m
Payment of exit costs related to debt facilities — — — — $0 $0 ($4.3m) $0
Long Term Debt Payments — — — — ($2.0m) ($3.5m) ($393.8m) ($7.6m)
Repayment Of Debt — — — — ($2.0m) ($3.5m) ($393.8m) ($7.6m)
Proceeds from Issuance of Common Stock — $300.0m — $104.0m $0 $0 — —
Common Stock Issuance — — — $104.0m $0 $0 — —
Net Common Stock Issuance — — — $104.0m $0 $0 — —
Payments for Repurchase of Common Stock — — — $0 — — — —
Net Other Financing Charges — — — — ($2.5m) ($1.5m) ($15.1m) ($500k)
Net cash (used in) provided by financing activities ($14.2m) $305.1m ($1.6m) $72.0m ($4.5m) ($1.8m) $1.8m ($7.0m)
Net Cash Provided by (Used in) Financing Activities — $305.1m ($1.6m) $72.0m ($4.5m) ($1.8m) $1.8m ($7.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $1.1m ($1.1m) $200k $800k $3.4m $3.6m
Effect of Exchange Rate Changes on Cash and Cash Equivalents $400k ($100k) $1.1m ($1.1m) $200k $800k $3.4m $3.6m
Effect Of Exchange Rate Changes — — — — $200k $800k $3.4m $3.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $28.8m $55.4m ($41.1m) ($800k) $14.1m ($13.1m)
Net (Decrease) Increase in Cash and Cash Equivalents $3.3m $8.9m $28.8m $55.4m ($41.1m) ($800k) $14.1m ($13.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $48.5m $103.9m $62.8m $62.0m $76.1m $63.0m
Cash and Cash Equivalents, beginning of period $8.6m $17.5m $48.5m $103.9m $62.8m $62.0m $76.1m $63.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — ($41.1m) ($800k) $14.1m ($13.1m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $22.5m $21.7m $20.5m $26.0m $29.8m $37.4m
Income Taxes Paid, Net — — — — $2.7m $2.8m $2.2m $2.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.