AgroFresh Solutions, Inc. (AGFS) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

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 investments61,93050,030 34,85264,533 
Cash and cash equivalents61,93050,030 34,85264,533 
Receivables53,53863,204 67,94271,5099,306
Inventory, net of allowances, customer advances and progress billings19,78024,579 24,80724,10915,467
Inventory19,78024,579 24,80724,10915,467
Other current assets19,87817,219 15,60818,68414,047
Total current assets:155,126155,032 143,209178,83538,820
Noncurrent Assets
Property, plant and equipment11,98612,432 13,28912,2008,048
Intangible assets, net (including goodwill)546,652596,126 718,637767,284776,584
Goodwill 6,925 6,6709,402 
Intangible assets, net (excluding goodwill)546,652589,201 711,967757,882776,584
Deferred income tax assets7,3929,699 
Other noncurrent assets11,40612,494 16,82016,746 
Other undisclosed noncurrent assets   7,3328,198 
Total noncurrent assets:577,436630,751 756,078804,428784,632
TOTAL ASSETS:732,562785,783 899,287983,263823,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,53534,144 23,03838,11510,950
Accounts payable16,96919,634 7,53015,014 
Employee-related liabilities8,2277,778 10,1928,9326,352
Taxes payable8,2676,649 5,3167,8484,598
Interest and dividends payable7283  6,321 
Deferred revenue6351,474 
Debt3,3623,378 6,4197,926 
Business combination, contingent consideration, liability   3796939,263
Deferred revenue and credits100 
Other liabilities6,1546,601 11,7679,2603,695
Other undisclosed current liabilities6,0216,862 22,50138,586 
Total current liabilities:49,70752,459 64,10494,68023,908
Noncurrent Liabilities
Long-term debt and lease obligation254,194264,491 400,309402,868 
Long-term debt, excluding current maturities254,194264,491 400,309402,868 
Liabilities, other than long-term debt41,08944,266 32,06638,505140,833
Deferred income tax liabilities34,83337,834 
Other liabilities6,2566,432 32,06638,505140,833
Other undisclosed noncurrent liabilities   30,23231,130 
Total noncurrent liabilities:295,283308,757 462,607472,503140,833
Total liabilities:344,990361,216 526,711567,183164,741
Temporary equity, carrying amount157,173152,174    
Stockholders' equity
Stockholders' equity attributable to parent230,399272,393 364,313407,637 
Common stock55 55 
Treasury stock, value(3,885)(3,885) (3,885)(3,885) 
Additional paid in capital529,303552,776 535,819533,015 
Accumulated other comprehensive loss(46,364)(31,667) (28,837)(12,769) 
Accumulated deficit(248,660)(244,836) (138,789)(108,729) 
Stockholders' equity attributable to noncontrolling interest   8,2638,443 
Total stockholders' equity:230,399272,393 372,576416,080 
TOTAL LIABILITIES AND EQUITY:732,562785,783 899,287983,263164,741

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues165,989157,643 178,786164,026 
Revenue, net164,026 
Other undisclosed gross profit(48,956)(42,217) (46,271)(32,655) 
Gross profit:117,033115,426 132,515131,371 
Operating expenses(114,905)(109,948) (128,189)(117,536)(69,357)
Other undisclosed operating income 2,974 3,01826,948 
Operating income (loss):2,1288,452 7,34440,783(69,357)
Nonoperating income (expense)16,142(1,345) (1,293)13,955 
Foreign currency transaction gain (loss), before tax2,096(2,836) (1,722)13,344 
Other nonoperating income14,0461,491 429611 
Interest and debt expense (5,028) (2,476)(2,368) 
Income (loss) from continuing operations before equity method investments, income taxes:18,2702,079 3,57552,370(69,357)
Other undisclosed loss from continuing operations before income taxes(21,774)(23,669) (31,975)(33,387) 
Income (loss) from continuing operations before income taxes:(3,504)(21,590) (28,400)18,983(69,357)
Income tax expense (benefit)(2,578)(31,376) (1,840)4,579 
Net income (loss):(6,082)(52,966) (30,240)23,562(69,357)
Net income (loss) attributable to noncontrolling interest659(745) 180(91) 
Net income (loss) attributable to parent:(5,423)(53,711) (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) (30,060)23,471(69,357)

Comprehensive Income ($ in thousands)

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) (30,240)23,562(69,357)
Other comprehensive loss(14,697)(607)  (98) 
Other undisclosed comprehensive loss   (16,068)(8,298) 
Comprehensive income (loss):(20,779)(53,573) (46,308)15,166(69,357)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest659(745) 180(91) 
Comprehensive income (loss), net of tax, attributable to parent:(20,120)(54,318) (46,128)15,075(69,357)

Statements sources

The financial statements are based on the company's filings with the 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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