AgroFresh Solutions, Inc. (AGFS) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 S. INDEPENDENCE MALL WEST
PHILADELPHIA, PA 19106
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 287 - Agricultural Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments61,93050,03029,28834,85264,533 
Cash and cash equivalents61,93050,03029,28834,85264,533 
Receivables53,53863,20468,63467,94271,5099,306
Inventory, net of allowances, customer advances and progress billings19,78024,57922,62124,80724,10915,467
Inventory19,78024,57922,62124,80724,10915,467
Other current assets19,87817,21911,80215,60818,68414,047
Total current assets:155,126155,032132,345143,209178,83538,820
Noncurrent Assets
Property, plant and equipment11,98612,43213,17713,28912,2008,048
Intangible assets, net (including goodwill)546,652596,126637,692718,637767,284776,584
Goodwill  6,9256,3236,6709,402 
Intangible assets, net (excluding goodwill)546,652589,201631,369711,967757,882776,584
Deferred income tax assets7,3929,69910,317
Other noncurrent assets11,40612,49412,16116,82016,746 
Other undisclosed noncurrent assets    7,3328,198 
Total noncurrent assets:577,436630,751673,347756,078804,428784,632
TOTAL ASSETS:732,562785,783805,692899,287983,263823,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,53534,14425,50023,03838,11510,950
Interest and dividends payable728371 6,321 
Taxes payable8,2676,6493,0175,3167,8484,598
Employee-related liabilities8,2277,7787,30710,1928,9326,352
Accounts payable16,96919,63415,1057,53015,014 
Accrued liabilities      
Deferred revenue6351,4741,175
Debt3,3623,3786,1686,4197,926 
Business combination, contingent consideration, liability    3796939,263
Deferred revenue and credits100 
Other liabilities6,1546,6018,46611,7679,2603,695
Other undisclosed current liabilities6,0216,8628,46922,50138,586 
Total current liabilities:49,70752,45949,77864,10494,68023,908
Noncurrent Liabilities
Long-term debt and lease obligation254,194264,491398,064400,309402,868 
Long-term debt, excluding current maturities254,194264,491398,064400,309402,868 
Liabilities, other than long-term debt41,08944,26623,82032,06638,505140,833
Deferred income tax liabilities34,83337,83416,574
Other liabilities6,2566,4327,24632,06638,505140,833
Other undisclosed noncurrent liabilities    30,23231,130 
Total noncurrent liabilities:295,283308,757421,884462,607472,503140,833
Total liabilities:344,990361,216471,662526,711567,183164,741
Temporary equity, carrying amount157,173152,174    
Equity
Equity, attributable to parent230,399272,393326,445364,313407,637 
Common stock55555 
Treasury stock, value(3,885)(3,885)(3,885)(3,885)(3,885) 
Additional paid in capital529,303552,776561,006535,819533,015 
Accumulated other comprehensive loss(46,364)(31,667)(31,060)(28,837)(12,769) 
Accumulated deficit(248,660)(244,836)(199,621)(138,789)(108,729) 
Equity, attributable to noncontrolling interest   7,5858,2638,443 
Total equity:230,399272,393334,030372,576416,080 
TOTAL LIABILITIES AND EQUITY:732,562785,783805,692899,287983,263164,741

Income Statement (P&L) ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues165,989157,643170,065178,786164,026 
Revenue, net164,026 
Other undisclosed gross profit(48,956)(42,217)(45,049)(46,271)(32,655) 
Gross profit:117,033115,426125,016132,515131,371 
Operating expenses(114,905)(109,948)(166,101)(128,189)(117,536)(69,357)
Other undisclosed operating income  2,9743303,01826,948 
Operating income (loss):2,1288,452(40,755)7,34440,783(69,357)
Nonoperating income (expense)16,142(1,345)(4,114)(1,293)13,955 
Gain (loss), foreign currency transaction, before tax2,096(2,836)(4,127)(1,722)13,344 
Other nonoperating income (expense)14,0461,49113429611 
Interest and debt expense  (5,028)(2,600)(2,476)(2,368) 
Income (loss) from continuing operations before equity method investments, income taxes:18,2702,079(47,469)3,57552,370(69,357)
Other undisclosed loss from continuing operations before income taxes(21,774)(23,669)(31,184)(31,975)(33,387) 
Income (loss) from continuing operations before income taxes:(3,504)(21,590)(78,653)(28,400)18,983(69,357)
Income tax expense (benefit)(2,578)(31,376)17,143(1,840)4,579 
Income (loss) from continuing operations:(6,082)(52,966)(61,510)(30,240)23,562(69,357)
Income (loss) before gain (loss) on sale of properties:(6,082)(52,966)(61,510)(30,240)23,562(69,357)
Net income (loss):(6,082)(52,966)(61,510)(30,240)23,562(69,357)
Net income (loss) attributable to noncontrolling interest659(745)678180(91) 
Net income (loss) attributable to parent:(5,423)(53,711)(60,832)(30,060)23,471(69,357)
Preferred stock dividends and other adjustments(24,921)(10,488)    
Net income (loss) available to common stockholders, diluted:(30,344)(64,199)(60,832)(30,060)23,471(69,357)

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(6,082)(52,966)(61,510)(30,240)23,562(69,357)
Other comprehensive income (loss)(14,697)(607)  (98) 
Other undisclosed comprehensive loss   (2,223)(16,068)(8,298) 
Comprehensive income (loss):(20,779)(53,573)(63,733)(46,308)15,166(69,357)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest659(745)678180(91) 
Comprehensive income (loss), net of tax, attributable to parent:(20,120)(54,318)(63,055)(46,128)15,075(69,357)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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