← Village Farms International, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 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 — — — — — ($101.4m) ($33.1m) ($27.9m) $21.0m
Net Income (Loss) Attributable to Parent — — $2.3m $11.6m ($9.1m) ($101.1m) ($31.8m) ($35.9m) $32.4m
Income (loss) from continuing operations including non-controlling interests — — — — — — ($33.1m) ($27.9m) $21.0m
Net cash flows provided by discontinued operations — — — — — — ($5.2m) ($6.3m) $26.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $3.8m ($5.1m) — $10.6m ($9.1m) ($101.4m) ($31.8m) ($35.6m) $32.1m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — $21.0m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — $21.3m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — $11.1m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — — $11.1m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — ($46k) ($269k) ($21k) $207k ($336k)
Depreciation, Depletion and Amortization $7.7m $7.0m $7.4m $6.8m $12.7m $13.1m $15.9m $18.8m $16.4m
Amortization of Deferred Charges — $76k $76k $115k $300k $214k $136k $10k $116k
Amortization of Intangible Assets — — — $122k $916k $2.3m $3.1m $3.3m $3.2m
Depreciation $7.7m $7.0m $7.4m $6.7m $12.7m $10.8m $12.8m $15.6m $13.1m
Depreciation Amortization Depletion — — — — — $13.1m $14.1m $16.7m $16.4m
Deferred Income Tax Expense (Benefit) — — ($5.9m) ($6.5m) ($2.9m) $9.8m $4.0m ($1.7m) ($2.1m)
Deferred income taxes ($792k) ($2.7m) ($5.9m) ($6.5m) ($2.9m) $9.8m $4.0m ($1.7m) ($2.1m)
Deferred Income Tax — — — — — $9.8m $7.0m ($1.7m) ($2.1m)
Deferred Tax — — — — — $9.8m $7.0m ($1.7m) ($2.1m)
Share-based Payment Arrangement, Noncash Expense — — $4.7m $6.1m $7.5m $4.0m $3.1m $3.7m $1.7m
Adjustments For Share-Based Payments $1.5m $1.5m — — — — — — —
Share-based Payment Arrangement, Expense — — $4.7m $6.1m $7.5m $4.0m $3.1m $3.7m $1.7m
Goodwill and Intangible Asset Impairment — — — — — — — $11.9m $0
Goodwill, Impairment Loss — — — — — $38.7m $11.3m $10.0m —
Goodwill and intangible asset impairments — — — — — $43.3m $14.0m $11.9m $0
Inventory and other impairments — — — — — $11.0m — $11.0m $217k
Share-based compensation $1.5m $1.5m $4.7m $6.1m $7.5m $4.0m $3.1m $3.7m $1.7m
Asset Impairment Charge — — — — — $54.9m $14.0m $22.9m $217k
Gain (Loss) on Disposition of Assets — — $13.6m ($922k) ($259k) $7k ($7k) — —
Income (Loss) from Equity Method Investments — — $13.8m $1.0m ($308k) ($2.7m) — — $0
Income Tax Expense (Benefit) — — ($5.9m) ($2.8m) ($3.5m) $4.7m $4.5m ($1.7m) $10.4m
Operating Lease, Expense — — $2.4m $2.2m $2.9m $4.4m $4.9m $4.5m $1.3m
Other Nonoperating Income (Expense) — — $268k $49k ($420k) ($115k) $5.6m $4.0m $4.2m
Interest expense $2.7m $2.8m $2.6m $2.1m $2.8m $3.2m $4.5m $3.4m $2.7m
Equity investment — — — — ($1.1m) — ($548k) — —
Operating lease right-of-use assets — — — — — — $5.6m $117k $691k
Operating lease liabilities — — — — — — $5.6m $117k $691k
Earnings (Loss)es From Equity Investments — — — — $308k $2.7m $0 $0 —
Changes in operating assets and liabilities:
Changes in non-cash working capital items ($3.5m) ($3.1m) $5.2m $13.1m ($47.1m) ($2.2m) ($2.1m) $438k $19.9m
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — ($2.3m) $3.2m $9.9m ($3.3m) $2.5m $4.0m $3.8m
Increase (Decrease) in Inventories — — ($9.0m) ($3.0m) $16.8m $14.6m $5.3m ($10.4m) ($1.1m)
Increase (Decrease) in Accounts Payable — — ($2.0m) ($1.7m) $6.3m $6.7m ($3.5m) $2.6m $6.7m
Adjustments For Decrease Increase In Trade Account Receivable ($1.1m) ($46k) — — — — — — —
Adjustments For Finance Costs $2.6m $2.4m — — — — — — —
Adjustments For Increase Decrease In Trade Account Payable $394k $1.4m — — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax — — $433k ($136k) ($476k) ($2.3m) $602k ($2.8m) $1.6m
Foreign Currency Transaction Gain (Loss), Unrealized — — — — — ($83k) ($64k) ($233k) ($13k)
Goodwill — — — $24.0m $117.5m $66.2m $55.9m $42.3m $44.4m
Investment Income, Interest — — $1.0m $625k $126k $207k $1.0m $914k $1.2m
Proceeds From Borrowings Classified As Financing Activities $7.3m $7.0m — — — — — — —
Proceeds From Issuing Shares $9.8m $23.5m — — — — — — —
Proceeds from Stock Options Exercised — — $208k $425k $199k $192k $83k $0 —
Repayments Of Borrowings Classified As Financing Activities $14.3m $7.7m — — — — — — —
Unrealized foreign exchange loss — — — — — ($83k) $64k $233k $13k
Non-cash lease expense — — ($1.0m) ($1.1m) ($1.4m) ($604k) $2.1m $2.4m $951k
Purchases of intangibles — — — ($92k) — — — ($158k) ($395k)
Proceeds from borrowings $7.3m $7.0m $4.0m $10.6m $19.7m $7.3m — — $19.3m
Repayments on borrowings ($14.3m) ($7.7m) ($7.4m) ($6.3m) ($9.5m) ($9.7m) ($9.3m) ($5.7m) ($27.2m)
Issuance costs — ($143k) ($338k) ($3.3m) ($7.5m) ($206k) ($1.4m) $0 —
Share repurchases — — — — ($5.0m) — — — ($3.0m)
Proceeds from exercise of warrants and stock options — — — — — — $83k — $5.0m
Beginning Cash Position — — — — — $58.7m $21.7m $35.3m $24.6m
Cash Flow From Continuing Financing Activities — — — — — $4.5m $14.1m ($9.5m) ($6.4m)
Cash Flow From Continuing Investing Activities — — — — — ($20.9m) ($3.3m) ($7.3m) ($18.6m)
Cash From Discontinued Financing Activities — — — — — — $0 $0 ($4.0m)
Cash From Discontinued Investing Activities — — — — — — ($2.9m) ($2.9m) $38.7m
Change In Account Payable — — — — — $6.7m ($1.7m) $1.4m $6.7m
Change In Accrued Expense — — — — — $7.8m $9.0m ($4.8m) $16.1m
Change In Inventory — — — — — ($14.6m) ($5.0m) $8.5m $1.1m
Change In Other Current Assets — — — — — ($9.5m) $3.1m ($4.0m) $1.5m
Change In Other Current Liabilities — — — — — ($2.4m) ($1.1m) ($925k) ($1.6m)
Change In Other Working Capital — — — — ($12.8m) ($9.3m) $6.6m — —
Change In Payable — — — — — $6.7m ($1.7m) $1.4m $6.7m
Change In Payables And Accrued Expense — — — — — $14.5m $7.2m ($3.4m) $22.8m
Change In Prepaid Assets — — — — — $3.8m ($754k) $3.2m ($240k)
Change In Receivables — — — — — $3.3m ($2.1m) ($3.5m) ($3.7m)
Change In Working Capital — — — — — ($4.9m) $1.3m ($97k) $19.9m
Changes In Account Receivables — — — — — $3.3m ($2.2m) ($3.5m) ($3.8m)
Changes In Cash — — — — — ($36.3m) $13.2m ($9.4m) $59.5m
End Cash Position — — — — — $21.7m $35.3m $24.6m $86.3m
Financing Cash Flow — — — — — $4.5m $14.1m ($9.5m) ($10.4m)
Free Cash Flow — — — — — ($34.2m) $1.7m $3.0m $31.1m
Investing Cash Flow — — — — — ($20.9m) ($6.2m) ($10.2m) $20.1m
Issuance Of Capital Stock — — — — — $6.9m $24.8m $0 $0
Net Business Purchase And Sale — — — — — ($5.9m) ($548k) $0 $0
Net Foreign Currency Exchange Gain Loss — — — — — $83k $64k $233k $13k
Net Intangibles Purchase And Sale — — — — — $0 $0 ($158k) ($395k)
Net PPE Purchase And Sale — — — — — ($14.3m) ($3.6m) ($7.2m) ($18.2m)
Operating Gains Losses — — — — — $2.8m $64k $233k $13k
Other Non Cash Items — — — — — $5.3m $5.8m $4.1m $3.8m
Proceeds From Stock Option Exercised — — — — — $192k $83k $0 $5.0m
Purchase Of Business — — — — ($40.7m) ($5.9m) $0 $0 —
Purchase Of Intangibles — — — — — $0 $0 ($158k) ($395k)
Purchase Of PPE — — — — — ($14.3m) ($3.6m) ($7.2m) ($18.2m)
Repurchase Of Capital Stock — — — — — $0 $0 $0 ($3.0m)
Stock Based Compensation — — — — — $4.0m $3.1m $3.7m $1.7m
Net Cash Provided by (Used in) Operating Activities $669k ($4.7m) ($14.4m) $5.7m ($39.6m) ($19.9m) $5.3m $10.3m ($8.4m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($1.7m) ($3.1m) $2.3m $3.4m $21.7m $14.3m $6.5m $10.1m $18.2m
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities — $65k — — — — — — —
Payments to Acquire Businesses, Net of Cash Acquired — — — $34.6m $40.7m $5.9m — — —
Net Other Investing Changes — — — — ($20k) ($734k) $835k — —
Net cash used in investing activities from continuing operations — — — — — — ($3.3m) ($7.3m) ($18.6m)
Net cash provided by (used in) investing activities from discontinued operations — — — — — — ($2.9m) ($2.9m) $38.7m
Net Cash Provided by (Used in) Investing Activities — — ($16.8m) ($51.2m) ($63.5m) ($20.9m) ($6.2m) ($10.2m) —
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — $4.0m $10.6m $19.7m $7.3m — — $19.3m
Issuance Of Debt — — — — — $7.3m $0 $0 $19.3m
Long Term Debt Issuance — — — — — $7.3m $0 $0 $19.3m
Net Issuance Payments Of Debt — — — — — ($2.4m) ($9.3m) ($5.7m) ($7.9m)
Net Long Term Debt Issuance — — — — — ($2.4m) ($9.3m) ($5.7m) ($7.9m)
Repayments of Long-term Debt — — $7.4m $6.3m $9.5m $9.7m $9.3m $5.7m $27.2m
Long Term Debt Payments — — — — — ($9.7m) ($9.3m) ($5.7m) ($27.2m)
Repayment Of Debt — — — — — ($9.7m) ($9.3m) ($5.7m) ($27.2m)
Proceeds from Issuance of Common Stock — — $34.2m — $135.0m — — — —
Proceeds from issuance of common stock and warrants — $23.6m $35.0m $57.2m $135.0m $6.7m $24.8m $0 —
Common Stock Issuance — — — — — $6.9m $24.8m $0 $0
Net Common Stock Issuance — — — — — $6.9m $24.8m $0 ($3.0m)
Payments for Repurchase of Common Stock — — — — $5.0m — — — $3.0m
Common Stock Payments — — — — — $0 $0 $0 ($3.0m)
Proceeds from (Payments for) Other Financing Activities — — — — — — — — ($546k)
Net Other Financing Charges — — — — — ($206k) ($1.4m) ($3.8m) ($546k)
Net cash used in (provided by) financing activities from continuing operations — — — — — — $14.1m ($9.5m) ($6.4m)
Net cash used in financing activities from discontinued operations — — — — — — $0 $0 ($4.0m)
Net Cash Provided by (Used in) Financing Activities — — $31.4m $58.6m $135.9m $4.5m $14.1m ($9.5m) —
Effect of exchange rate changes on cash and cash equivalents ($10k) ($2k) ($93k) $634k $142k ($699k) $394k ($1.2m) $2.2m
Effect Of Exchange Rate Changes — — — — — ($699k) $394k ($1.2m) $2.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $69k $13.7m $33.0m ($37.0m) $13.6m ($10.7m) $61.6m
Net increase (decrease) in cash, cash equivalents and restricted cash $1.7m $4.8m $69k $13.7m $33.0m ($37.0m) $13.6m ($10.7m) $61.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $25.7m $58.7m $21.7m $35.3m $24.6m $86.3m
Cash, cash equivalents and restricted cash, beginning of period — $11.9m $12.0m $25.7m $58.7m $21.7m $35.3m $24.6m $86.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — ($37.0m) $13.6m ($10.7m) $61.6m
Interest Paid Classified As Financing Activities $2.6m $2.4m ($2.6m) ($4k) ($3.3m) ($3.4m) ($4.7m) ($4.2m) ($2.8m)
Income Taxes Paid, Net ($25k) $290k $904k $158k $1.8m $0 $0 $0 $93k

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