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 investments61,93043,32256,69452,86850,03025,14935,619
Cash and cash equivalents61,93043,32256,69452,86850,03025,14935,619
Receivables53,53859,28933,46954,87163,20469,58038,418
Inventory, net of allowances, customer advances and progress billings19,78021,33423,77322,72924,57924,44425,119
Inventory19,78021,33423,77322,72924,57924,44425,119
Other current assets19,87823,43120,30817,98717,21917,26516,740
Total current assets:155,126147,376134,244148,455155,032136,438115,896
Noncurrent Assets
Property, plant and equipment11,98611,94111,62311,94112,43213,27512,890
Intangible assets, net (including goodwill)546,652563,955574,770584,485596,126605,841615,896
Goodwill 6,5696,7156,6226,9256,6056,351
Intangible assets, net (excluding goodwill)546,652557,386568,055577,863589,201599,236609,545
Deferred income tax assets7,3928,5237,05710,2989,69910,50210,564
Other noncurrent assets11,40611,01011,18911,54212,49411,44912,191
Total noncurrent assets:577,436595,429604,639618,266630,751641,067651,541
TOTAL ASSETS:732,562742,805738,883766,721785,783777,505767,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities33,53531,43927,03230,60334,14427,46225,519
Accounts payable16,96914,25512,90915,56119,63413,78415,182
Employee-related liabilities8,2278,8477,3826,6877,7787,1116,215
Taxes payable8,2678,2656,6658,2866,6496,5014,038
Interest and dividends payable72727669836684
Deferred revenue6351,3248871,4961,4741,373873
Debt3,3623,3263,4703,4343,3783,3164,776
Derivative instruments and hedges, liabilities     290579
Postemployment benefits liability 9001,300400 200100
Other liabilities6,1544,9363,9724,9386,6015,5865,435
Other undisclosed current liabilities6,0217,1855,4956,5636,86213,1678,743
Total current liabilities:49,70749,11042,15647,43452,45951,39446,025
Noncurrent Liabilities
Long-term debt and lease obligation254,194254,596254,871255,243264,491264,850397,898
Long-term debt, excluding current maturities254,194254,596254,871255,243264,491264,850397,898
Liabilities, other than long-term debt41,08944,77942,95745,47544,26641,56618,242
Deferred income tax liabilities34,83338,33637,26639,59537,83435,57711,677
Other liabilities6,2566,4435,6915,8806,4325,9896,565
Total noncurrent liabilities:295,283299,375297,828300,718308,757306,416416,140
Total liabilities:344,990348,485339,984348,152361,216357,810462,165
Temporary equity, carrying amount157,173155,013152,853149,607152,174140,684 
Stockholders' equity
Stockholders' equity attributable to parent230,399239,307246,046268,962272,393272,283298,050
Common stock5555555
Treasury stock, value(3,885)(3,885)(3,885)(3,885)(3,885)(3,885)(3,885)
Additional paid in capital529,303535,612541,185547,480552,776559,037562,584
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     6,7287,222
Total stockholders' equity:230,399239,307246,046268,962272,393279,011305,272
TOTAL LIABILITIES AND EQUITY:732,562742,805738,883766,721785,783777,505767,437

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
Revenues55,89549,17821,92438,99251,86852,77019,982
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:39,39234,14314,82028,67838,14339,25913,529
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):6,1557,702(12,795)1,0669,37511,940(10,050)
Nonoperating income (expense)1,653(1,217)87514,831(5,407)1,486442
Foreign currency transaction gain (loss), before tax1,660(918)921433(5,302)1,390449
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:7,8086,485(17,136)10,00722,3693,476(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:2,6051,020(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):2,202812(17,280)8,184(10,020)(22,381)(16,751)
Net income (loss) attributable to noncontrolling interest21818220239(1,602)494197
Net income (loss) attributable to parent:2,420994(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):2,202812(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 interest21818220239(1,602)494197
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.

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