← RAYONIER ADVANCED MATERIALS INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income from discontinued operations | — | ($1.5m) | ($29.0m) | ($96.2m) | ($708k) | ($116.2m) | ($12.5m) | ($312k) | ($3.2m) | ($2.7m) | |
| Cash used in investing activities-continuing operations | — | ($277.3m) | ($112.6m) | ($102.8m) | ($77.8m) | ($97.4m) | ($138.6m) | ($128.4m) | ($107.9m) | ($114.1m) | |
| Cash provided by investing activities-discontinued operations | — | ($87k) | ($3.4m) | $155.3m | $0 | $182.8m | $44.4m | $1.2m | $0 | $0 | |
| Depreciation and amortization | $88.3m | $97.0m | $148.4m | $153.3m | $151.5m | $138.3m | $134.6m | $140.0m | $137.2m | $134.0m | |
| Amortization of debt premium, discount and issuance costs | $1.9m | $3.4m | $835k | $2.3m | $2.7m | $3.8m | $4.0m | $6.0m | $8.6m | $8.6m | |
| Deferred income tax expense (benefit) | $45.2m | $30.3m | $20.6m | ($25.6m) | $2.0m | ($37.1m) | ($3.9m) | ($27.7m) | ($9.6m) | $321.9m | |
| Asset impairment | $0 | $0 | — | — | — | $0 | $0 | $62.3m | $25.2m | $0 | |
| (Gain) loss on debt extinguishment | ($8.8m) | $0 | ($786k) | $0 | $7.8m | ($1.9m) | ($651k) | ($361k) | $4.4m | $0 | |
| Loss on disposal of property, plant and equipment | $2.4m | $2.0m | $3.2m | $1.3m | $896k | $1.0m | $3.7m | $731k | $1.8m | $893k | |
| Investment in equity method investments | — | — | — | $0 | ($4.4m) | ($4.1m) | ($379k) | ($780k) | $0 | ($2.0m) | |
| Net loss | — | — | — | — | — | — | ($14.9m) | ($101.8m) | ($38.7m) | ($420.5m) | |
| Stock-based compensation expense | $7.2m | $9.0m | $13.0m | $6.5m | $6.6m | $5.1m | $9.7m | $6.5m | $7.1m | $5.5m | |
| Increase in environmental liabilities | — | $256k | $7.3m | $16.4m | $5.4m | $6.1m | $4.6m | $4.8m | $6.4m | $20.2m | |
| Change in fair value of put option liability | — | — | — | — | — | — | — | $0 | $0 | $2.8m | |
| Loss on investment in AGE | — | — | — | — | — | — | — | $0 | $0 | $2.0m | |
| Net periodic benefit cost of pension and other postretirement plans | $11.7m | $10.3m | $5.5m | $16.6m | $5.6m | $16.1m | $5.3m | $3.6m | $2.3m | $4.3m | |
| Unrealized (gain) loss on foreign currency | — | — | — | — | $8.6m | $4.0m | ($5.7m) | $1.9m | ($5.6m) | $4.0m | |
| Accounts receivable | $31.3m | ($4.7m) | ($40.7m) | $14.4m | $4.5m | ($11.5m) | ($33.8m) | $20.0m | ($24.4m) | $24.8m | |
| Inventory | $7.0m | $3.0m | ($22.9m) | $52.3m | $20.0m | ($58.3m) | ($35.1m) | $58.9m | ($2.1m) | ($23.3m) | |
| Income tax receivable | — | — | $9.4m | ($6.2m) | ($52.6m) | $32.9m | $19.8m | ($7.1m) | $19.9m | $1.1m | |
| Accounts payable | ($2.0m) | $16.2m | $34.6m | ($26.0m) | ($6.1m) | $7.4m | ($8.3m) | $13.8m | $8.1m | $2.9m | |
| Accrued and other current liabilities | $167k | ($2.9m) | $5.1m | ($20.0m) | $8.7m | $23.9m | $27.9m | ($12.2m) | $20.5m | ($38.9m) | |
| Duty refund rights | — | — | — | — | — | — | ($17.8m) | ($1.9m) | $40.1m | $0 | |
| Other | ($410k) | ($157k) | $0 | ($36.1m) | ($25.4m) | $8.9m | ($8.4m) | ($15.7m) | $20.3m | ($9.5m) | |
| Contributions to pension and other postretirement plans | ($13.1m) | ($13.7m) | ($12.6m) | ($11.6m) | ($9.7m) | ($8.6m) | ($7.9m) | ($11.5m) | ($8.5m) | ($7.4m) | |
| Expenditures for environmental liabilities | ($9.8m) | ($5.8m) | ($11.9m) | ($6.4m) | ($5.3m) | ($6.6m) | ($4.5m) | ($5.4m) | ($5.9m) | ($6.7m) | |
| Cash provided by operating activities | $232.2m | $129.8m | $246.9m | $41.9m | $124.5m | $233.2m | $68.8m | $136.3m | $203.6m | $23.9m | |
| Proceeds related to insurance claims | — | — | — | — | — | — | — | $0 | $0 | $3.5m | |
| Cash used in investing activities | ($86.6m) | ($277.4m) | ($116.0m) | $52.5m | ($77.8m) | $85.4m | ($94.2m) | ($127.3m) | ($107.9m) | ($114.1m) | |
| Borrowings of long-term debt | $0 | $680.0m | $0 | — | $500.0m | $4.4m | $5.7m | $465.0m | $672.2m | $547.4m | |
| Short-term financing, net | — | — | $0 | $0 | $5.0m | $2.0m | ($3.2m) | $1.4m | ($2.7m) | ($2.0m) | |
| Preferred equity issuance costs | — | — | — | — | — | — | $0 | $0 | ($1.2m) | $0 | |
| Cash provided by (used in) financing activities | $79.7m | ($83.6m) | ($116.5m) | ($138.5m) | ($19.4m) | ($156.7m) | ($73.1m) | ($86.9m) | ($42.5m) | $30.1m | |
| Balance, beginning of period | — | $96.2m | $109.0m | $64.0m | $93.7m | $253.3m | $151.8m | $75.8m | $125.2m | $75.4m | |
| Capital assets purchased on account | $10.2m | — | — | — | $19.6m | $25.6m | $29.7m | $37.4m | $39.2m | $29.4m | |
| Capital expenditures, net of proceeds from sale of property, plant and equipment | $88.7m | $75.0m | $132.2m | $102.8m | ($61.9m) | ($93.2m) | ($138.2m) | ($127.7m) | ($107.9m) | ($115.6m) | |
| Debt issuance costs | $0 | ($7.0m) | $0 | ($3.5m) | ($23.8m) | ($636k) | $0 | ($10.1m) | ($23.8m) | ($196k) | |
| Repayments of long-term debt | ($71.0m) | ($730.0m) | ($45.3m) | — | ($498.9m) | ($161.0m) | ($75.2m) | ($537.8m) | ($701.9m) | ($512.1m) | |
| Repurchase of common stock | $0 | ($157k) | ($42.8m) | ($6.9m) | ($457k) | ($1.4m) | ($433k) | ($5.4m) | ($914k) | ($3.0m) | |
| Contribution from redeemable noncontrolling interest | — | — | — | — | — | — | $0 | $0 | $15.8m | $0 | |
| Net increase (decrease) in cash and cash equivalents | — | ($231.3m) | $14.5m | ($44.1m) | $27.3m | $162.0m | ($98.5m) | ($78.0m) | $53.2m | ($60.1m) | |
| Net effect of foreign exchange on cash and cash equivalents | $0 | $853k | ($1.8m) | ($863k) | $2.4m | ($2.3m) | ($3.0m) | $1.9m | ($3.7m) | $10.3m | |
| Interest paid | $35.2m | — | — | — | $49.3m | $46.8m | $58.1m | ($51.0m) | ($95.0m) | ($99.4m) | |
| Income taxes (paid) refunded, net | ($4.7m) | — | — | — | ($1.2m) | $34.7m | $15.2m | ($7.2m) | $19.0m | ($510k) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.