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 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 61,930 | 43,322 | 56,694 | 52,868 | 50,030 | 25,149 | 35,619 | ||
| Cash and cash equivalents | 61,930 | 43,322 | 56,694 | 52,868 | 50,030 | 25,149 | 35,619 | ||
| Receivables | 53,538 | 59,289 | 33,469 | 54,871 | 63,204 | 69,580 | 38,418 | ||
| Inventory, net of allowances, customer advances and progress billings | 19,780 | 21,334 | 23,773 | 22,729 | 24,579 | 24,444 | 25,119 | ||
| Inventory | 19,780 | 21,334 | 23,773 | 22,729 | 24,579 | 24,444 | 25,119 | ||
| Other current assets | 19,878 | 23,431 | 20,308 | 17,987 | 17,219 | 17,265 | 16,740 | ||
| Total current assets: | 155,126 | 147,376 | 134,244 | 148,455 | 155,032 | 136,438 | 115,896 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 11,986 | 11,941 | 11,623 | 11,941 | 12,432 | 13,275 | 12,890 | ||
| Intangible assets, net (including goodwill) | 546,652 | 563,955 | 574,770 | 584,485 | 596,126 | 605,841 | 615,896 | ||
| Goodwill | 6,569 | 6,715 | 6,622 | 6,925 | 6,605 | 6,351 | |||
| Intangible assets, net (excluding goodwill) | 546,652 | 557,386 | 568,055 | 577,863 | 589,201 | 599,236 | 609,545 | ||
| Deferred income tax assets | 7,392 | 8,523 | 7,057 | 10,298 | 9,699 | 10,502 | 10,564 | ||
| Other noncurrent assets | 11,406 | 11,010 | 11,189 | 11,542 | 12,494 | 11,449 | 12,191 | ||
| Total noncurrent assets: | 577,436 | 595,429 | 604,639 | 618,266 | 630,751 | 641,067 | 651,541 | ||
| TOTAL ASSETS: | 732,562 | 742,805 | 738,883 | 766,721 | 785,783 | 777,505 | 767,437 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 33,535 | 31,439 | 27,032 | 30,603 | 34,144 | 27,462 | 25,519 | ||
| Accounts payable | 16,969 | 14,255 | 12,909 | 15,561 | 19,634 | 13,784 | 15,182 | ||
| Employee-related liabilities | 8,227 | 8,847 | 7,382 | 6,687 | 7,778 | 7,111 | 6,215 | ||
| Taxes payable | 8,267 | 8,265 | 6,665 | 8,286 | 6,649 | 6,501 | 4,038 | ||
| Interest and dividends payable | 72 | 72 | 76 | 69 | 83 | 66 | 84 | ||
| Deferred revenue | 635 | 1,324 | 887 | 1,496 | 1,474 | 1,373 | 873 | ||
| Debt | 3,362 | 3,326 | 3,470 | 3,434 | 3,378 | 3,316 | 4,776 | ||
| Derivative instruments and hedges, liabilities | 290 | 579 | |||||||
| Postemployment benefits liability | 900 | 1,300 | 400 | 200 | 100 | ||||
| Other liabilities | 6,154 | 4,936 | 3,972 | 4,938 | 6,601 | 5,586 | 5,435 | ||
| Other undisclosed current liabilities | 6,021 | 7,185 | 5,495 | 6,563 | 6,862 | 13,167 | 8,743 | ||
| Total current liabilities: | 49,707 | 49,110 | 42,156 | 47,434 | 52,459 | 51,394 | 46,025 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 254,194 | 254,596 | 254,871 | 255,243 | 264,491 | 264,850 | 397,898 | ||
| Long-term debt, excluding current maturities | 254,194 | 254,596 | 254,871 | 255,243 | 264,491 | 264,850 | 397,898 | ||
| Liabilities, other than long-term debt | 41,089 | 44,779 | 42,957 | 45,475 | 44,266 | 41,566 | 18,242 | ||
| Deferred income tax liabilities | 34,833 | 38,336 | 37,266 | 39,595 | 37,834 | 35,577 | 11,677 | ||
| Other liabilities | 6,256 | 6,443 | 5,691 | 5,880 | 6,432 | 5,989 | 6,565 | ||
| Total noncurrent liabilities: | 295,283 | 299,375 | 297,828 | 300,718 | 308,757 | 306,416 | 416,140 | ||
| Total liabilities: | 344,990 | 348,485 | 339,984 | 348,152 | 361,216 | 357,810 | 462,165 | ||
| Temporary equity, carrying amount | 157,173 | 155,013 | 152,853 | 149,607 | 152,174 | 140,684 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 230,399 | 239,307 | 246,046 | 268,962 | 272,393 | 272,283 | 298,050 | ||
| Common stock | 5 | 5 | 5 | 5 | 5 | 5 | 5 | ||
| Treasury stock, value | (3,885) | (3,885) | (3,885) | (3,885) | (3,885) | (3,885) | (3,885) | ||
| Additional paid in capital | 529,303 | 535,612 | 541,185 | 547,480 | 552,776 | 559,037 | 562,584 | ||
| Accumulated other comprehensive loss | (46,364) | (40,237) | (37,824) | (38,225) | (31,667) | (41,164) | (40,831) | ||
| Accumulated deficit | (248,660) | (252,188) | (253,435) | (236,413) | (244,836) | (241,710) | (219,823) | ||
| Stockholders' equity attributable to noncontrolling interest | 6,728 | 7,222 | |||||||
| Total stockholders' equity: | 230,399 | 239,307 | 246,046 | 268,962 | 272,393 | 279,011 | 305,272 | ||
| TOTAL LIABILITIES AND EQUITY: | 732,562 | 742,805 | 738,883 | 766,721 | 785,783 | 777,505 | 767,437 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 55,895 | 49,178 | 21,924 | 38,992 | 51,868 | 52,770 | 19,982 | |
| Cost of revenue (Cost of Goods and Services Sold) | (15,035) | (7,104) | (10,314) | (13,511) | (6,453) | |||
| Other undisclosed gross profit | (16,503) | (13,725) | ||||||
| Gross profit: | 39,392 | 34,143 | 14,820 | 28,678 | 38,143 | 39,259 | 13,529 | |
| Operating expenses | (33,237) | (26,441) | (27,615) | (27,612) | (28,768) | (27,319) | (26,553) | |
| Other undisclosed operating income | 2,974 | |||||||
| Operating income (loss): | 6,155 | 7,702 | (12,795) | 1,066 | 9,375 | 11,940 | (10,050) | |
| Nonoperating income (expense) | 1,653 | (1,217) | 875 | 14,831 | (5,407) | 1,486 | 442 | |
| Foreign currency transaction gain (loss), before tax | 1,660 | (918) | 921 | 433 | (5,302) | 1,390 | 449 | |
| Other nonoperating income (expense) | (7) | (299) | (46) | 14,398 | (105) | 96 | (7) | |
| Interest and debt expense | (774) | (5,028) | ||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (5,216) | (5,116) | 18,401 | (4,922) | (6,513) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 7,808 | 6,485 | (17,136) | 10,007 | 22,369 | 3,476 | (16,121) | |
| Other undisclosed loss from continuing operations before income taxes | (5,203) | (5,465) | (23,669) | |||||
| Income (loss) from continuing operations before income taxes: | 2,605 | 1,020 | (17,136) | 10,007 | (1,300) | 3,476 | (16,121) | |
| Income tax expense | (403) | (208) | (144) | (1,823) | (8,720) | (25,857) | (630) | |
| Net income (loss): | 2,202 | 812 | (17,280) | 8,184 | (10,020) | (22,381) | (16,751) | |
| Net income (loss) attributable to noncontrolling interest | 218 | 182 | 20 | 239 | (1,602) | 494 | 197 | |
| Net income (loss) attributable to parent: | 2,420 | 994 | (17,260) | 8,423 | (11,622) | (21,887) | (16,554) | |
| Preferred stock dividends and other adjustments | (6,341) | (6,248) | (6,327) | (6,005) | (6,088) | (4,400) | ||
| Net income (loss) available to common stockholders, basic: | (3,921) | (5,254) | (23,587) | 2,418 | (17,710) | (26,287) | (16,554) | |
| Other undisclosed net loss available to common stockholders, diluted | (914) | |||||||
| Net income (loss) available to common stockholders, diluted: | (3,921) | (5,254) | (23,587) | 1,504 | (17,710) | (26,287) | (16,554) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,202 | 812 | (17,280) | 8,184 | (10,020) | (22,381) | (16,751) | |
| Other comprehensive income (loss) | (6,127) | (2,413) | 401 | (6,558) | ||||
| Other undisclosed comprehensive income (loss) | 9,497 | (333) | 351 | |||||
| Comprehensive income (loss): | (3,925) | (1,601) | (16,879) | 1,626 | (523) | (22,714) | (16,400) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 218 | 182 | 20 | 239 | (1,602) | 494 | 197 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (3,707) | (1,419) | (16,859) | 1,865 | (2,125) | (22,220) | (16,203) | |
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.