Westrock Coffee Company, LLC

WESTW

WESTWWestrock Coffee Company, LLC US flag

NASDAQ Global Market

1.92

USD

+0.44

- -

168.42MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	551	698	868	865
+ Sales & Services Revenue	551	698	868	865
- Cost of Revenue	444	553	715	725
+ Cost of Goods & Services	444	553	715	725
Gross Profit	107	145	153	140
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	116	129	130	145
+ Selling, General & Admin	116	129	130	145
+ Research & Development	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -
Operating Income (Loss)	-8	17	23	-5
- Non-Operating (Income) Loss	138	42	78	36
+ Interest Expense, Net	25	33	35	29
+ Interest Expense	25	33	35	29
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	113	9	43	7
Pretax Income	-146	-25	-55	-41
- Income Tax Expense (Benefit)	-18	-3	- -	-6
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-129	-21	-55	-35
- Net Extraordinary Losses (Gains)	1	1	-1	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	1	1	-1	- -
Income (Loss) Incl. MI	-129	-23	-55	-35
- Minority Interest	- -	-1	- -	- -
Net Income, GAAP	-129	-22	-55	-35
- Preferred Dividends	19	24	20	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-148	-46	-75	-35
EBIT	-8	17	23	-5
EBITDA	15	42	47	22
EBITDA Margin (%)	2.79	6.08	5.41	2.53
EBITA	-8	17	23	-5
Gross Margin (%)	19.46	20.83	17.6	16.17
Operating Margin (%)	-1.53	2.42	2.62	-0.55
Profit Margin (%)	-23.45	-3.14	-6.36	-4
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	24	26	24	27
Basic Weighted Avg Shares	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	187	238	298	313
+ Cash, Cash Equivalents & STI	17	19	17	37
+ Cash & Cash Equivalents	17	19	17	37
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	66	86	102	99
+ Accounts Receivable, Net	66	86	102	99
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -
+ Inventories	84	109	146	150
+ Raw Materials	40	45	67	79
+ Work In Process	- -	- -	- -	- -
+ Finished Goods	45	64	79	71
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	20	24	34	27
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	361	355	448	658
+ Property, Plant & Equip, Net	126	128	196	412
+ Property, Plant & Equip	163	180	263	495
- Accumulated Depreciation	37	53	67	83
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	235	227	252	247
+ Total Intangible Assets	229	223	245	239
+ Goodwill	97	97	114	116
+ Other Intangible Assets	132	126	131	123
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	5	4	7	8
Total Assets	548	593	746	972
+ Payables & Accruals	80	107	154	104
+ Accounts Payable	64	80	117	69
+ Accrued Taxes	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	17	26	37	35
+ ST Debt	39	47	54	54
+ ST Borrowings	39	47	54	54
+ ST Finance Leases	- -	- -	- -	- -
+ Other ST Liabilities	10	14	8	82
+ Deferred Revenue	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	10	14	8	82
Total Current Liabilities	129	168	216	240
+ LT Debt	289	290	171	287
+ LT Borrowings	289	290	163	223
+ LT Finance Leases	- -	- -	8	64
+ Other LT Liabilities	29	29	72	57
+ Accrued Liabilities	26	26	14	11
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	3	3	58	46
Total Noncurrent Liabilities	318	319	243	344
Total Liabilities	447	487	460	584
+ Preferred Equity and Hybrid Capital	- -	282	275	274
+ Share Capital & APIC	- -	61	343	473
+ Common Stock	- -	- -	1	1
+ Additional Paid in Capital	- -	61	343	472
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	-206	-252	-328	-363
+ Other Equity	4	12	-6	4
Equity Before Minority Interest	101	103	284	388
+ Minority/Non Controlling Interest	- -	3	2	- -
Total Equity	101	106	287	388
Total Liabilities & Equity	548	593	746	972
Shares Outstanding	73	73	75	88
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	- -	- -	8	64
Net Debt	311	318	200	239
Net Debt to Equity	307.98	300.8	69.79	61.71
Tangible Common Equity Ratio	-40.3	-107.81	-46.51	-17.11
Current Ratio	1.45	1.41	1.38	1.31
Cash Conversion Cycle	- -	58.14	56.65	70.33

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-129	-21	-55	-35
+ Depreciation & Amortization	24	26	24	27
+ Non-Cash Items	85	-1	46	2
+ Stock-Based Compensation	2	1	3	9
+ Deferred Income Taxes	-18	-3	-2	-7
+ Asset Impairment Charge	88	- -	- -	- -
+ Other Non-Cash Adj	15	1	46	- -
+ Chg in Non-Cash Work Cap	6	- -	-72	-58
+ (Inc) Dec in Accts Receiv	1	-20	-17	2
+ (Inc) Dec in Inventories	17	-17	-47	1
+ (Inc) Dec in Prepaid Assets	- -	- -	-15	-2
+ Inc (Dec) in Accts Payable	-13	22	30	-65
+ Inc (Dec) in Other	1	15	-23	6
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-13	3	-57	-64
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	1	3	4	- -
+ Disp of Fixed Prod Assets	1	3	4	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-19	-25	-63	-165
+ Acq of Fixed Prod Assets	-19	-25	-63	-165
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	222	- -	- -	119
+ Increase in Capital Stock	222	- -	- -	119
+ Decrease in Capital Stock	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	-393	- -	-15	-4
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	-393	- -	-15	-4
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	-412	-23	-74	-168
+ Dividends Paid	- -	- -	-4	- -
+ Net Cash From Debt	229	8	-98	59
+ Cash From Debt	353	120	340	258
+ Repayments of Debt	-124	-111	-439	-199
+ Other Financing Activities	-8	15	237	66
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	443	24	135	244
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	17	4	4	12
EBITDA	15	42	47	22
EBITDA Margin (%)	2.79	6.08	5.41	2.53
Free Cash Flow	-33	-23	-120	-229
Net Cash Paid for Acquisitions	393	- -	15	4
Free Cash Flow to Firm	- -	- -	- -	- -
Free Cash Flow to Equity	- -	247	-241	-170
Free Cash Flow per Basic Share	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -
Cash Flow to Net Income	0.1	-0.13	1.03	1.85
Capital Expenditures	-19	-25	-63	-165