AgroFresh Solutions, Inc. (AGFS) financial statements (2020 and earlier)

Company profile

Business Address 100 S. INDEPENDENCE MALL WEST
PHILADELPHIA, PA 19106
State of Incorp. DE
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29193640352642
Cash and cash equivalents29193640352642
Receivables69724964689640
Inventory, net of allowances, customer advances and progress billings23242522251827
Inventory23242522251827
Other current assets12151514161925
Total current assets:132130125140143160134
Noncurrent Assets
Property, plant and equipment13141414131414
Intangible assets, net (including goodwill)638683695707719732743
Goodwill6667776
Intangible assets, net (excluding goodwill)631677688700712726737
Deferred income tax assets10109 
Other noncurrent assets12222324171717
Other undisclosed noncurrent assets   8778
Total noncurrent assets:673729742753756770781
TOTAL ASSETS:806859867893899930915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26292827233831
Accounts payable15101278158
Employee-related liabilities798710109
Taxes payable34355810
Interest and dividends payable0558 54
Deferred revenue110 
Debt6677697
Postemployment benefits liability 111 20
Business combination, contingent consideration, liability    0  
Contract with customer, liability1 31
Other liabilities8331012126
Other undisclosed current liabilities8212325232924
Total current liabilities:50616371649270
Noncurrent Liabilities
Long-term debt and lease obligation398399399400400400401
Long-term debt, excluding current maturities398399399400400400401
Liabilities, other than long-term debt24586338323938
Deferred income tax liabilities171823 
Other liabilities7414038323938
Other undisclosed noncurrent liabilities   29303130
Total noncurrent liabilities:422457462467463469469
Total liabilities:472518525537527561539
Stockholders' equity
Stockholders' equity attributable to parent326333333348364361368
Common stock0000000
Treasury stock, value(4)(4)(4)(4)(4)(4)(4)
Additional paid in capital561538537536536535535
Accumulated other comprehensive loss(31)(30)(26)(33)(29)(33)(23)
Accumulated deficit(200)(170)(174)(151)(139)(137)(140)
Stockholders' equity attributable to noncontrolling interest8888889
Total stockholders' equity:334341341356373369376
TOTAL LIABILITIES AND EQUITY:806859867893899930915

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues61492139536918
Cost of revenue
(Cost of Goods and Services Sold)
 (14)(6)    
Other undisclosed gross profit(14)  (11)(13)(17)(5)
Gross profit:47351528405213
Operating expenses(73)(29)(32)(31)(33)(34)(31)
Other undisclosed operating income (loss)00(0)(0)4(0)(0)
Operating income (loss):(25)6(17)(4)1018(18)
Nonoperating income (expense)(1)(0)(3)(0)(2)(5)4
Foreign currency transaction gain (loss), before tax(1)0(3)(0)(2)(5)3
Other nonoperating income (expense)0(0)(0)(0)0(0)1
Interest and debt expense(1)  (1)(1)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes24(9)(9)(8)24(9)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(3)(3)(29)(13)324(23)
Other undisclosed loss from continuing operations before income taxes(31)   (32)  
Income (loss) from continuing operations before income taxes:(34)(3)(29)(13)(0)4(23)
Income tax expense (benefit)5661(2)(1)4
Net income (loss):(30)3(22)(13)(2)3(18)
Net income (loss) attributable to noncontrolling interest000(0)(0)10
Net income (loss) available to common stockholders, diluted:(29)3(22)(13)(2)3(18)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(30)3(22)(13)(2)3(18)
Other undisclosed comprehensive loss(2)   (16)  
Comprehensive income (loss):(32)3(22)(13)(18)3(18)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest000(0)(0)10
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(4)7(5)21(11)(15)
Comprehensive income (loss), net of tax, attributable to parent:(29)(1)(15)(17)3(8)(34)

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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