← Village Farms International, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | 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 | — | — | — | — | — | ($101.4m) | ($33.1m) | ($27.9m) | $21.0m | $25.8m | |
| Net Income (Loss) Attributable to Parent | — | — | $2.3m |
$11.6m
+399.27%
|
($9.1m)
-178.21%
|
($101.1m)
-1014.07%
|
($31.8m)
+68.56%
|
($35.9m)
-12.74%
|
$32.4m
+190.49%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $3.8m | ($5.1m) | — | $10.6m | ($9.1m) | ($101.4m) | ($31.8m) | ($35.6m) | $32.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | ($46k) | ($269k) | ($21k) | $207k | ($336k) | — | |
| Depreciation, Depletion and Amortization | $7.7m | $7.0m | $7.4m | $6.8m | $12.7m | $13.1m | $15.9m | $18.8m | $16.4m | $16.2m | |
| Amortization of Deferred Charges | — | $76k | $76k | $115k | $300k | $214k | $136k | $10k | $116k | — | |
| Amortization of Intangible Assets | — | — | — | $122k | $916k | $2.3m | $3.1m | $3.3m | $3.2m | — | |
| Depreciation | $7.7m | $7.0m | $7.4m | $6.7m | $12.7m | $10.8m | $12.8m | $15.6m | $13.1m | $16.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $13.1m | $14.1m | $16.7m | $16.4m | $16.2m | |
| Deferred Income Tax Expense (Benefit) | ($792k) | ($2.7m) | ($5.9m) | ($6.5m) | ($2.9m) | $9.8m | $4.0m | ($1.7m) | ($2.1m) | ($1.8m) | |
| Deferred Tax | — | — | — | — | — | $9.8m | $7.0m | ($1.7m) | ($2.1m) | ($1.8m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $4.7m | $6.1m | $7.5m | $4.0m | $3.1m | $3.7m | $1.7m | $2.0m | |
| Adjustments For Share-Based Payments | $1.5m | $1.5m | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | $4.7m | $6.1m | $7.5m | $4.0m | $3.1m | $3.7m | $1.7m | $2.0m | |
| Share-based compensation | $1.5m | $1.5m | $4.7m | $6.1m | $7.5m | $4.0m | $3.1m | $3.7m | $1.7m | $2.0m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | $43.3m | $14.0m | $11.9m | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $38.7m | $11.3m | $10.0m | — | $217k | |
| Inventory and other impairments | — | — | — | — | — | $11.0m | — | $11.0m | $217k | — | |
| Asset Impairment Charge | — | — | — | — | — | $54.9m | $14.0m | $22.9m | $217k | $217k | |
| Income (Loss) from Equity Method Investments | — | — | $13.8m | $1.0m | ($308k) | ($2.7m) | — | — | $0 | — | |
| Other Nonoperating Income (Expense) | — | — | $268k | $49k | ($420k) | ($115k) | $5.6m | $4.0m | $4.2m | — | |
| Equity investment | — | — | — | — | ($1.1m) | — | ($548k) | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | $308k | $2.7m | $0 | $0 | — | $0 | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | ($4.9m) | $1.3m | ($97k) | $19.9m | $1.2m | |
| Increase (Decrease) in Accounts Receivable | — | — | ($2.3m) | $3.2m | $9.9m | ($3.3m) | $2.5m | $4.0m | $3.8m | $1.8m | |
| Change In Receivables | — | — | — | — | — | $3.3m | ($2.1m) | ($3.5m) | ($3.7m) | $1.8m | |
| Changes In Account Receivables | — | — | — | — | — | $3.3m | ($2.2m) | ($3.5m) | ($3.8m) | $1.8m | |
| Increase (Decrease) in Inventories | — | — | ($9.0m) | ($3.0m) | $16.8m | $14.6m | $5.3m | ($10.4m) | ($1.1m) | $1.2m | |
| Change In Inventory | — | — | — | — | — | ($14.6m) | ($5.0m) | $8.5m | $1.1m | $1.2m | |
| Increase (Decrease) in Accounts Payable | — | — | ($2.0m) | ($1.7m) | $6.3m | $6.7m | ($3.5m) | $2.6m | $6.7m | $1.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $14.5m | $7.2m | ($3.4m) | $22.8m | $1.9m | |
| Change In Accrued Expense | — | — | — | — | — | $7.8m | $9.0m | ($4.8m) | $16.1m | $293k | |
| Change In Other Current Assets | — | — | — | — | — | ($9.5m) | $3.1m | ($4.0m) | $1.5m | ($708k) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($2.4m) | ($1.1m) | ($925k) | ($1.6m) | ($1.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $669k |
($4.7m)
-799.10%
|
($14.4m)
-207.61%
|
$5.7m
+139.47%
|
($39.6m)
-796.85%
|
($19.9m)
+49.73%
|
$5.3m
+126.72%
|
$10.3m
+94.69%
|
($8.4m)
-181.06%
|
$45.1m
+637.86%
|
|
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($1.7m) | ($3.1m) | $2.3m | $3.4m | $21.7m | $14.3m | $6.5m | $10.1m | $18.2m | ($26.6m) | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | $65k | — | — | — | — | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $34.6m | $40.7m | $5.9m | — | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | ($20k) | ($734k) | $835k | — | — | — | |
| Net cash used in investing activities from continuing operations | — | — | — | — | — | — | ($3.3m) | ($7.3m) | ($18.6m) | ($26.3m) | |
| Net cash provided by (used in) investing activities from discontinued operations | — | — | — | — | — | — | ($2.9m) | ($2.9m) | $38.7m | ($26.3m) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($16.8m) | ($51.2m) | ($63.5m) | ($20.9m) | ($6.2m) | ($10.2m) | — | ($26.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds From Borrowings Classified As Financing Activities | $7.3m | $7.0m | $4.0m | $10.6m | $19.7m | $7.3m | — | — | $19.3m | — | |
| Repayments Of Borrowings Classified As Financing Activities | $14.3m | $7.7m | — | — | — | — | — | — | — | — | |
| Repayments on borrowings | ($14.3m) | ($7.7m) | ($7.4m) | ($6.3m) | ($9.5m) | ($9.7m) | ($9.3m) | ($5.7m) | ($27.2m) | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $4.0m | $10.6m | $19.7m | $7.3m | — | — | $19.3m | $22.9m | |
| Issuance Of Debt | — | — | — | — | — | $7.3m | $0 | $0 | $19.3m | $22.9m | |
| Long Term Debt Issuance | — | — | — | — | — | $7.3m | $0 | $0 | $19.3m | $22.9m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($2.4m) | ($9.3m) | ($5.7m) | ($7.9m) | ($4.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($2.4m) | ($9.3m) | ($5.7m) | ($7.9m) | ($4.1m) | |
| Repayments of Long-term Debt | — | — | $7.4m | $6.3m | $9.5m | $9.7m | $9.3m | $5.7m | $27.2m | ($27.0m) | |
| Long Term Debt Payments | — | — | — | — | — | ($9.7m) | ($9.3m) | ($5.7m) | ($27.2m) | ($27.0m) | |
| Repayment Of Debt | — | — | — | — | — | ($9.7m) | ($9.3m) | ($5.7m) | ($27.2m) | ($27.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $6.9m | $24.8m | $0 | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | $0 | ($3.0m) | ($9.3m) | |
| Proceeds from Issuance of Common Stock | — | — | $34.2m | — | $135.0m | — | — | — | — | $0 | |
| Proceeds from issuance of common stock and warrants | — | $23.6m | $35.0m | $57.2m | $135.0m | $6.7m | $24.8m | $0 | — | $0 | |
| Common Stock Issuance | — | — | — | — | — | $6.9m | $24.8m | $0 | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | $5.0m | — | — | — | $3.0m | — | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | $0 | ($3.0m) | ($9.3m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($546k) | — | |
| Net Other Financing Charges | — | — | — | — | — | ($206k) | ($1.4m) | ($3.8m) | ($546k) | ($546k) | |
| Net cash used in (provided by) financing activities from continuing operations | — | — | — | — | — | — | $14.1m |
($9.5m)
-167.38%
|
($6.4m)
+33.33%
|
— | |
| Net cash used in financing activities from discontinued operations | — | — | — | — | — | — | $0 | $0 | ($4.0m) |
($8.7m)
-116.78%
|
|
| Net Cash Provided by (Used in) Financing Activities | — | — | $31.4m |
$58.6m
+86.73%
|
$135.9m
+131.85%
|
$4.5m
-96.69%
|
$14.1m
+214.44%
|
($9.5m)
-167.38%
|
— | ($8.7m) | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $1.7m | $4.8m | $69k | $13.7m | $33.0m | ($37.0m) | $13.6m | ($10.7m) | $61.6m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $69k | $13.7m | $33.0m | ($37.0m) | $13.6m | ($10.7m) | $61.6m | $54.5m | |
| Beginning Cash Position | — | — | — | — | — | $58.7m | $21.7m | $35.3m | $24.6m | $15.1m | |
| Cash, cash equivalents and restricted cash, beginning of period | — | $11.9m | $12.0m | $25.7m | $58.7m | $21.7m | $35.3m | $24.6m | $86.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $25.7m | $58.7m | $21.7m | $35.3m | $24.6m | $86.3m | $54.5m | |
| Effect of exchange rate changes on cash and cash equivalents | ($10k) | ($2k) | ($93k) | $634k | $142k | ($699k) | $394k | ($1.2m) | $2.2m | $1.0m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Income (loss) from continuing operations including non-controlling interests | — | — | — | — | — | — | ($33.1m) | ($27.9m) | $21.0m | — | |
| Net cash flows provided by discontinued operations | — | — | — | — | — | — | ($5.2m) | ($6.3m) | $26.3m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | $21.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $21.3m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $11.1m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | $11.1m | — | |
| Gain (Loss) on Disposition of Assets | — | — | $13.6m | ($922k) | ($259k) | $7k | ($7k) | — | — | — | |
| Income Tax Expense (Benefit) | — | — | ($5.9m) | ($2.8m) | ($3.5m) | $4.7m | $4.5m | ($1.7m) | $10.4m | — | |
| Operating Lease, Expense | — | — | $2.4m | $2.2m | $2.9m | $4.4m | $4.9m | $4.5m | $1.3m | — | |
| Interest expense | $2.7m | $2.8m | $2.6m | $2.1m | $2.8m | $3.2m | $4.5m | $3.4m | $2.7m | — | |
| Operating lease right-of-use assets | — | — | — | — | — | — | $5.6m | $117k | $691k | — | |
| Operating lease liabilities | — | — | — | — | — | — | $5.6m | $117k | $691k | — | |
| Changes in non-cash working capital items | ($3.5m) | ($3.1m) | $5.2m | $13.1m | ($47.1m) | ($2.2m) | ($2.1m) | $438k | $19.9m | — | |
| Additional Financial Items | |||||||||||
| Adjustments For Decrease Increase In Trade Account Receivable | ($1.1m) | ($46k) | — | — | — | — | — | — | — | — | |
| Adjustments For Finance Costs | $2.6m | $2.4m | — | — | — | — | — | — | — | — | |
| Adjustments For Increase Decrease In Trade Account Payable | $394k | $1.4m | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $433k | ($136k) | ($476k) | ($2.3m) | $602k | ($2.8m) | $1.6m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | — | — | — | ($83k) | ($64k) | ($233k) | ($13k) | — | |
| Goodwill | — | — | — | $24.0m | $117.5m | $66.2m | $55.9m | $42.3m | $44.4m | $217k | |
| Investment Income, Interest | — | — | $1.0m | $625k | $126k | $207k | $1.0m | $914k | $1.2m | — | |
| Proceeds From Issuing Shares | $9.8m | $23.5m | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | $208k | $425k | $199k | $192k | $83k | $0 | — | — | |
| Unrealized foreign exchange loss | — | — | — | — | — | ($83k) | $64k | $233k | $13k | — | |
| Non-cash lease expense | — | — | ($1.0m) | ($1.1m) | ($1.4m) | ($604k) | $2.1m | $2.4m | $951k | — | |
| Purchases of intangibles | — | — | — | ($92k) | — | — | — | ($158k) | ($395k) | — | |
| Issuance costs | — | ($143k) | ($338k) | ($3.3m) | ($7.5m) | ($206k) | ($1.4m) | $0 | — | — | |
| Share repurchases | — | — | — | — | ($5.0m) | — | — | — | ($3.0m) | — | |
| Proceeds from exercise of warrants and stock options | — | — | — | — | — | — | $83k | — | $5.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $4.5m | $14.1m | ($9.5m) | ($6.4m) | ($8.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($20.9m) | ($3.3m) | ($7.3m) | ($18.6m) | ($26.3m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | — | $0 | $0 | ($4.0m) |
($5.0m)
-25.00%
|
|
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | ($2.9m) | ($2.9m) | $38.7m | $40.0m | |
| Change In Account Payable | — | — | — | — | — | $6.7m | ($1.7m) | $1.4m | $6.7m | $1.9m | |
| Change In Other Working Capital | — | — | — | — | ($12.8m) | ($9.3m) | $6.6m | — | — | — | |
| Change In Payable | — | — | — | — | — | $6.7m | ($1.7m) | $1.4m | $6.7m | $1.9m | |
| Change In Prepaid Assets | — | — | — | — | — | $3.8m | ($754k) | $3.2m | ($240k) | ($1.7m) | |
| Changes In Cash | — | — | — | — | — | ($36.3m) | $13.2m | ($9.4m) | $59.5m | $39.4m | |
| End Cash Position | — | — | — | — | — | $21.7m | $35.3m | $24.6m | $86.3m | $54.5m | |
| Financing Cash Flow | — | — | — | — | — | $4.5m |
$14.1m
+214.44%
|
($9.5m)
-167.38%
|
($10.4m)
-8.66%
|
($8.7m)
+16.23%
|
|
| Free Cash Flow | — | — | — | — | — | ($34.2m) | $1.7m | $3.0m | $31.1m | $12.7m | |
| Investing Cash Flow | — | — | — | — | — | ($20.9m) | ($6.2m) | ($10.2m) | $20.1m | ($26.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | ($5.9m) | ($548k) | $0 | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $83k | $64k | $233k | $13k | $35k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $0 | $0 | ($158k) | ($395k) | ($395k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($14.3m) | ($3.6m) | ($7.2m) | ($18.2m) | ($26.2m) | |
| Operating Gains Losses | — | — | — | — | — | $2.8m | $64k | $233k | $13k | $153k | |
| Other Non Cash Items | — | — | — | — | — | $5.3m | $5.8m | $4.1m | $3.8m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $192k | $83k | $0 | $5.0m | $5.5m | |
| Purchase Of Business | — | — | — | — | ($40.7m) | ($5.9m) | $0 | $0 | — | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | $0 | $0 | ($158k) | ($395k) | ($395k) | |
| Purchase Of PPE | — | — | — | — | — | ($14.3m) | ($3.6m) | ($7.2m) | ($18.2m) | ($26.6m) | |
| Stock Based Compensation | — | — | — | — | — | $4.0m | $3.1m | $3.7m | $1.7m | $2.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($37.0m) | $13.6m | ($10.7m) | $61.6m | — | |
| Interest Paid Classified As Financing Activities | $2.6m | $2.4m | ($2.6m) | ($4k) | ($3.3m) | ($3.4m) | ($4.7m) | ($4.2m) | ($2.8m) | — | |
| Income Taxes Paid, Net | ($25k) | $290k | $904k | $158k | $1.8m | $0 | $0 | $0 | $93k | — |