← Ranpak Holdings Corp.
| Annual Trend | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Net Income From Continuing Operations | — | $1.4m | ($23.4m) | ($2.8m) | ($41.4m) | ($27.1m) | ($21.5m) | ($38.3m) | ($38.0m) | |
| Net loss | $27.7m | $1.4m | ($23.4m) | ($2.8m) | ($41.4m) | ($27.1m) | ($21.5m) | ($38.3m) | — | |
| Depreciation, Depletion and Amortization | $61.1m | $64.5m | $62.7m | $73.6m | $69.0m | $69.6m | $65.3m | $66.7m | $67.7m | |
| Amortization of Debt Issuance Costs | — | — | $1.6m | $1.9m | $1.5m | $2.2m | $2.8m | $1.3m | — | |
| Amortization of Intangible Assets | — | — | $28.7m | $29.5m | $28.8m | $29.4m | $29.0m | $28.8m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | $2.8m | $3.0m | $3.6m | $4.1m | — | |
| Depreciation | $61.1m | $64.5m | $34.0m | $44.1m | $40.2m | $40.2m | $36.3m | $37.9m | $38.6m | |
| Depreciation, Nonproduction | — | — | — | — | — | — | — | $7.2m | $67.7m | |
| Amortization of deferred financing costs | $4.5m | $2.6m | $1.6m | $1.9m | $1.5m | $2.2m | $2.8m | $1.3m | — | |
| Amortization of initial value of interest rate swap | — | — | ($1.7m) | ($800k) | ($800k) | ($2.4m) | ($1.2m) | $0 | — | |
| Amortization of cloud-based software implementation costs | — | — | $0 | $0 | $2.8m | $3.0m | $3.6m | $4.1m | — | |
| Amortization Cash Flow | — | — | — | — | $28.8m | $29.4m | $29.0m | $28.8m | — | |
| Amortization Of Intangibles | — | — | — | — | $28.8m | $29.4m | $29.0m | $28.8m | $29.1m | |
| Amortization Of Securities | — | — | — | — | ($800k) | ($2.4m) | ($1.2m) | $0 | $0 | |
| Depreciation Amortization Depletion | — | — | — | — | $69.0m | $69.6m | $65.3m | $66.7m | $67.7m | |
| Deferred Income Tax Expense (Benefit) | ($52.2m) | ($14.0m) | ($5.0m) | ($12.8m) | ($19.7m) | ($5.9m) | ($6.9m) | ($7.7m) | ($8.5m) | |
| Deferred Tax | — | — | — | — | ($19.7m) | ($5.9m) | ($6.9m) | ($7.7m) | ($8.5m) | |
| Share-based Payment Arrangement, Expense | — | — | $7.2m | $22.5m | $18.3m | ($10.2m) | $6.3m | $7.6m | $6.0m | |
| Stock-based compensation expense | — | — | — | — | $18.3m | ($10.2m) | $6.3m | $7.6m | $6.0m | |
| Tax payments for withholdings on stock-based awards distributed | — | — | — | $0 | ($2.5m) | ($500k) | ($400k) | ($1.2m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | $4.3m | $200k | $20.9m | $5.8m | — | |
| Nonoperating Income (Expense) | — | $5.1m | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Change In Working Capital | — | — | — | — | ($23.6m) | $22.3m | ($6.4m) | ($4.9m) | ($5.2m) | |
| Increase (Decrease) in Accounts Receivable | — | — | ($900k) | ($6.9m) | ($9.1m) | ($6.9m) | $11.6m | $4.4m | ($9.1m) | |
| Accounts receivable | — | ($2.0m) | $900k | $6.9m | $9.1m | $6.9m | ($11.6m) | ($4.4m) | ($9.1m) | |
| Change In Receivables | — | — | — | — | $9.7m | $7.3m | ($12.6m) | ($4.4m) | ($9.1m) | |
| Changes In Account Receivables | — | — | — | — | $9.1m | $6.9m | ($11.6m) | ($4.4m) | ($9.1m) | |
| Increase (Decrease) in Inventories | — | — | $4.6m | $17.2m | ($7.6m) | ($5.3m) | $4.8m | $7.5m | $5.0m | |
| Inventories | ($4.8m) | $300k | ($4.6m) | ($17.2m) | $7.6m | $5.3m | ($4.8m) | ($7.5m) | $5.0m | |
| Change In Inventory | — | — | — | — | $7.6m | $5.3m | ($4.8m) | ($7.5m) | $5.0m | |
| Increase (Decrease) in Accounts Payable | $2.6m | ($1.2m) | $10.3m | $5.7m | ($12.4m) | ($700k) | $9.1m | $8.5m | $4.1m | |
| Change In Payables And Accrued Expense | — | — | — | — | ($26.8m) | $5.9m | $16.9m | $1.6m | $4.1m | |
| Accrued liabilities and other | — | — | — | — | ($14.4m) | $6.6m | $7.8m | ($6.9m) | ($10.1m) | |
| Change In Accrued Expense | — | — | — | — | ($14.4m) | $6.6m | $7.8m | ($6.9m) | ($10.1m) | |
| Prepaid expenses and other current assets | $2.5m | ($500k) | ($900k) | ($500k) | ($1.6m) | ($2.3m) | $600k | $1.0m | — | |
| Change in other assets and liabilities | — | $800k | ($2.7m) | ($11.6m) | ($11.9m) | $6.5m | ($6.5m) | $4.4m | — | |
| Other Operating Income (Expense), Net | — | — | ($4.7m) | ($3.4m) | ($4.5m) | ($5.2m) | ($5.6m) | ($4.5m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $46.2m |
($1.2m)
-102.64%
|
$63.8m
+5338.03%
|
$54.3m
-14.89%
|
$1.1m
-97.97%
|
$52.6m
+4681.82%
|
$41.4m
-21.29%
|
$23.1m
-44.20%
|
$35.1m
+51.95%
|
|
| Cash flows from investing activities: | ||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | $0 | $0 | $2.9m | ($1.2m) | ($300k) | $1.1m | |
| Payments to Acquire Property, Plant, and Equipment | ($22.8m) | ($21.8m) | $32.3m | $54.5m | $44.8m | $55.3m | ($4.8m) | ($3.3m) | ($27.9m) | |
| Capital Expenditure Reported | — | — | — | ($55.7m) | ($1.0m) | ($55.3m) | $0 | — | ($27.9m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $3.9m | $0 | ($400k) | $5.8m | $0 | |
| Unrealized (gain) loss on strategic investments | — | — | — | $0 | ($3.9m) | $0 | $400k | ($5.8m) | — | |
| Cash paid for strategic investments | — | — | — | ($14.1m) | ($2.1m) | $0 | ($4.8m) | ($2.5m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $14.1m | $2.1m | — | — | — | ($7.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($29.1m) | ($301.0m) | ($34.5m) | ($69.8m) | ($37.9m) | ($52.4m) | ($32.5m) | ($32.8m) | ($37.9m) | |
| Cash flows from financing activities: | ||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | ($4.8m) | $0 | — | |
| Loss on extinguishment of debt | — | — | — | — | $0 | $0 | $4.8m | $0 | — | |
| Financing costs of debt facilities | ($700k) | $0 | $0 | $0 | $0 | ($1.0m) | ($10.4m) | $0 | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | $0 | — | — | — | — | $4.9m | |
| Proceeds from debt facilities | — | — | — | — | $0 | $0 | $410.0m | $0 | — | |
| Issuance Of Debt | — | — | — | — | $0 | $3.2m | $410.7m | $1.1m | $4.9m | |
| Long Term Debt Issuance | — | — | — | — | $0 | $3.2m | $410.7m | $1.1m | $4.9m | |
| Net Issuance Payments Of Debt | — | — | — | — | ($2.0m) | ($300k) | $16.9m | ($6.5m) | ($3.0m) | |
| Net Long Term Debt Issuance | — | — | — | — | ($2.0m) | ($300k) | $16.9m | ($6.5m) | ($3.0m) | |
| Repayments of Long-term Debt | — | — | $1.6m | — | — | — | — | $4.1m | ($7.9m) | |
| Payment of exit costs related to debt facilities | — | — | — | — | $0 | $0 | ($4.3m) | $0 | — | |
| Long Term Debt Payments | — | — | — | — | ($2.0m) | ($3.5m) | ($393.8m) | ($7.6m) | ($7.9m) | |
| Repayment Of Debt | — | — | — | — | ($2.0m) | ($3.5m) | ($393.8m) | ($7.6m) | ($7.9m) | |
| Provision for common stock warrants | — | — | — | — | — | $0 | $0 | $5.1m | — | |
| Issuance Of Capital Stock | — | — | — | $104.0m | $0 | $0 | — | — | $0 | |
| Proceeds from Issuance of Common Stock | — | $300.0m | — | $104.0m | $0 | $0 | — | — | $0 | |
| Common Stock Issuance | — | — | — | $104.0m | $0 | $0 | — | — | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | $0 | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | ($2.5m) | ($1.5m) | ($15.1m) | ($500k) | ($200k) | |
| Net cash (used in) provided by financing activities | ($14.2m) |
$305.1m
+2248.64%
|
($1.6m)
-100.52%
|
$72.0m
+4600.00%
|
($4.5m)
-106.25%
|
($1.8m)
+60.00%
|
$1.8m
+200.00%
|
($7.0m)
-488.89%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $305.1m |
($1.6m)
-100.52%
|
$72.0m
+4600.00%
|
($4.5m)
-106.25%
|
($1.8m)
+60.00%
|
$1.8m
+200.00%
|
($7.0m)
-488.89%
|
($3.2m)
+54.29%
|
|
| Net (Decrease) Increase in Cash and Cash Equivalents | $3.3m | $8.9m | $28.8m | $55.4m | ($41.1m) | ($800k) | $14.1m | ($13.1m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $28.8m | $55.4m | ($41.1m) | ($800k) | $14.1m | ($13.1m) | $43.2m | |
| Beginning Cash Position | — | — | — | — | $103.9m | $62.8m | $62.0m | $76.1m | $49.2m | |
| Cash and Cash Equivalents, beginning of period | $8.6m | $17.5m | $48.5m | $103.9m | $62.8m | $62.0m | $76.1m | $63.0m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.1m | ($1.1m) | $200k | $800k | $3.4m | $3.6m | $0 | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $48.5m | $103.9m | $62.8m | $62.0m | $76.1m | $63.0m | $43.2m | |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | $400k | ($100k) | $1.1m | ($1.1m) | $200k | $800k | $3.4m | $3.6m | $0 | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Gain (Loss) on Disposition of Assets | — | — | ($2.7m) | ($1.8m) | ($1.1m) | ($1.4m) | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | $5.4m | $0 | — | |
| Income Tax Expense (Benefit) | — | — | ($1.2m) | ($2.1m) | ($15.3m) | ($4.2m) | ($2.2m) | ($9.2m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $28.6m | $34.3m | — | |
| Additional Financial Items | ||||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | — | $0 | $0 | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | ($6.1m) | $5.3m | $2.2m | $300k | $1.6m | $5.3m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | ($6.0m) | ($5.5m) | $2.2m | $300k | $1.6m | $5.3m | — | |
| General and Administrative Expense | — | $762k | — | — | — | — | — | — | — | |
| Goodwill | — | — | $458.4m | $453.0m | $446.7m | $450.1m | $443.7m | $457.2m | — | |
| Investment Income, Interest | — | $5.1m | — | — | — | — | — | — | — | |
| Operating Expenses | — | $3.7m | — | — | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | $0 | — | $1.0m | $10.4m | $0 | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | $0 | — | — | — | — | — | |
| Gain on sale of patents | — | — | — | — | $0 | $0 | ($5.4m) | $0 | — | |
| Foreign currency gain | — | ($4.2m) | $6.0m | $5.5m | ($2.2m) | ($300k) | ($1.6m) | ($5.3m) | — | |
| Income tax receivable | — | — | — | — | $600k | $400k | ($1.0m) | $0 | — | |
| Proceeds from sale of patents | — | — | — | — | $0 | $0 | $5.4m | $0 | — | |
| Principal payments on term loans | ($56.9m) | ($6.6m) | ($1.6m) | $1.6m | ($1.1m) | ($1.9m) | ($390.9m) | ($4.1m) | — | |
| Proceeds from hedging instruments | — | — | — | — | — | $0 | $0 | $700k | — | |
| Proceeds from financing arrangements | — | — | — | — | — | $3.2m | $700k | $1.1m | — | |
| Payments on financing arrangements | — | — | — | — | — | ($500k) | ($1.5m) | ($1.2m) | — | |
| Payments on finance lease liabilities | — | — | $0 | ($700k) | ($900k) | ($1.1m) | ($1.4m) | ($2.3m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($4.5m) | ($1.8m) | $1.8m | ($7.0m) | ($3.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | ($37.9m) | ($52.4m) | ($32.5m) | ($32.8m) | ($37.9m) | |
| Change In Account Payable | — | — | — | — | ($12.4m) | ($700k) | $9.1m | $8.5m | $4.1m | |
| Change In Other Working Capital | — | — | — | — | ($12.5m) | $6.1m | ($6.5m) | $4.4m | $1.5m | |
| Change In Payable | — | — | — | — | ($12.4m) | ($700k) | $9.1m | $8.5m | $4.1m | |
| Change In Prepaid Assets | — | — | — | — | ($1.6m) | ($2.3m) | $600k | $1.0m | $3.4m | |
| Changes In Cash | — | — | — | — | ($41.3m) | ($1.6m) | $10.7m | ($16.7m) | ($6.0m) | |
| End Cash Position | — | — | — | — | $62.8m | $62.0m | $76.1m | $63.0m | $43.2m | |
| Financing Cash Flow | — | — | — | — | ($4.5m) |
($1.8m)
+60.00%
|
$1.8m
+200.00%
|
($7.0m)
-488.89%
|
($3.2m)
+54.29%
|
|
| Free Cash Flow | — | — | — | — | ($44.7m) | ($2.7m) | $8.3m | ($7.2m) | $7.2m | |
| Gain Loss On Investment Securities | — | — | — | ($800k) | ($800k) | ($2.4m) | — | — | ($6.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | $1.1m | $1.4m | ($4.2m) | $300k | ($300k) | |
| Investing Cash Flow | — | — | — | — | ($37.9m) | ($52.4m) | ($32.5m) | ($32.8m) | ($37.9m) | |
| Net Business Purchase And Sale | — | — | — | ($14.1m) | ($2.1m) | $0 | — | — | ($7.0m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | ($2.2m) | ($300k) | ($1.6m) | ($5.3m) | $1.4m | |
| Net Intangibles Purchase And Sale | — | — | — | — | $0 | $0 | $5.4m | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | ($44.8m) | ($52.4m) | ($33.1m) | ($30.3m) | ($27.9m) | |
| Operating Gains Losses | — | — | — | — | ($1.1m) | $1.1m | ($1.0m) | ($5.0m) | $1.1m | |
| Other Non Cash Items | — | — | — | — | $4.3m | $5.2m | $6.4m | $5.4m | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $0 | $0 | $5.1m | $6.5m | |
| Purchase Of Business | — | — | — | ($14.1m) | ($2.1m) | $0 | — | — | ($7.0m) | |
| Purchase Of PPE | — | — | — | — | ($44.8m) | ($55.3m) | ($33.1m) | ($30.3m) | ($27.9m) | |
| Sale Of Intangibles | — | — | — | — | $0 | $0 | $5.4m | $0 | $0 | |
| Sale Of PPE | — | — | — | — | $0 | $2.9m | $0 | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | $18.3m | ($10.2m) | $6.3m | $7.6m | $6.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | ($3.9m) | $0 | $400k | ($5.8m) | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | $7.9m | $0 | ($4.8m) | ($2.5m) | ($10.0m) | |
| Purchase Of Investment | — | — | — | — | ($2.1m) | $0 | ($4.8m) | ($2.5m) | ($10.0m) | |
| Sale Of Investment | — | — | — | $0 | $10.0m | $0 | $0 | — | $0 | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | ($41.1m) | ($800k) | $14.1m | ($13.1m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $22.5m | $21.7m | $20.5m | $26.0m | $29.8m | $37.4m | — | |
| Income Taxes Paid, Net | — | — | — | — | $2.7m | $2.8m | $2.2m | $2.1m | — |