RAYONIER ADVANCED MATERIALS INC.

Listed Company

RYAMCIK 0001597672NYSEAcceleratedPulp MillsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.47B

Net Income

$-420.67M

Total Assets

$1.76B

Equity

$316.56M

Shares Out

67.01M

Op. Cash Flow

$23.91M

Business

RAYONIER ADVANCED MATERIALS INC. is a global producer of cellulose specialties and related biomaterials that supplies high‑purity cellulose and pulp products for a range of industrial applications. Its product portfolio includes cellulose specialties, commodity fluff and viscose pulps, multi‑ply paperboard, bulky high‑yield pulp, bioelectricity, lignin, tall oil soap and wood‑based 2G bioethanol, as well as developing prebiotic ingredients. The company reports business through High Purity Cellulose (now organized into Cellulose Specialties, Cellulose Commodities and Biomaterials), Paperboard and High‑Yield Pulp segments. It manufactures at facilities in the U.S., Canada and France and serves customers globally through direct sales, offtake agreements and regional sales offices.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,466	1,630	1,643	1,717	1,408
Cost of sales	−1,348	−1,465	−1,555	−1,594	−1,333
Gross margin	119	166	88	123	75
Selling, general and administrative expense	−84	−92	−76	−91	−76
Foreign exchange gain (loss)	−5	7	−3	5	875,000
Asset impairment (Note 7)	0	−25	−62	0	0
Indefinite suspension charges (Note 3)	−1	−17	0	0	—
Environmental remediation expense	−20	−7	−6	—	—
Other operating income (expense), net (Note 20)	−4	7	−7	−10	−10
Operating income (loss)	4	39	−65	26	−10
Interest expense	−98	−86	−74	−66	—
Components of pension and OPEB, excluding service costs (Note 19)	922,000	3	98,000	5	−4
Debt refinancing charges	−106,000	−10	361,000	651,000	—
Other income (expense), net	−2	4	6	5	2
Loss from continuing operations before income tax	−95	−49	−132	−24	−83
Income tax (expense) benefit (Note 21)	−323	9	32	−902,000	35
Equity in loss of equity method investments	−5	−2	−2	−3	−2
Loss from continuing operations	−423	−42	−102	−27	—
Income from discontinued operations, net of tax (Note 4)	3	3	312,000	12	—
Net loss	−421	−39	−102	−15	—
Net income attributable to redeemable noncontrolling interest (Note 14)	161,000	37,000	0	0	—
Net loss attributable to RYAM	−421	−39	−102	−15	66
Loss from continuing operations-basic (in dollars per share)	−6.37	−0.64	−1.57	−0.42	−0.78
Loss from continuing operations-diluted (in dollars per share)	−6.37	−0.64	−1.57	−0.42	−0.78
Income from discontinued operations-basic (in dollars per share)	0.04	0.05	0	0.19	1.83
Income from discontinued operations-diluted (in dollars per share)	0.04	0.05	0	0.19	1.83
Net loss - basic (in dollars per share)	−6.33	−0.59	−1.57	−0.23	1.05
Net loss - diluted (in dollars per share)	−6.33	−0.59	−1.57	−0.23	1.05

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	75	125	76	152	253
Accounts receivable, net (Note 5)	193	214	197	212	182
Inventory (Note 6)	238	208	207	265	231
Income tax receivable (Note 21)	2	3	19	1	21
Prepaid and other current assets	60	51	75	60	51
Total current assets	568	601	575	690	776
Property, plant and equipment, net (Note 7)	1,015	1,019	1,075	1,151	1,146
Deferred tax assets (Note 21)	24	350	345	322	335
Intangible assets, net (Note 2)	4	10	17	24	31
Other assets	147	150	170	160	156
Total assets	1,758	2,130	2,183	2,348	2,445
Accounts payable	190	196	186	164	169
Accrued and other current liabilities (Note 9)	139	171	154	164	136
Debt due within one year (Note 10)	21	23	25	15	38
Current environmental liabilities (Note 11)	10	10	10	11	11
Total current liabilities	360	400	376	354	355
Long-term debt (Note 10)	758	706	752	839	891
Non-current environmental liabilities (Note 11)	173	160	160	160	160
Pension and other postretirement benefits (Note 19)	79	77	101	120	170
Deferred tax liabilities (Note 21)	13	14	15	17	20
Other liabilities	47	47	31	29	34
Redeemable noncontrolling interest (Note 14)	11	11	0	—	—
Commitments and contingencies (Note 23)	—	—	—	—	—
Common stock: 140,000,000 shares authorized at $0.01 par value, 67,005,593 and 65,966,881 issued and outstanding, respectively	670,000	660,000	654,000	640,000	637,000
Additional paid-in capital	428	425	419	418	409
Retained earnings (deficit)	−89	334	373	474	489
Accumulated other comprehensive loss (Note 16)	−23	−46	−46	−64	−84
Total stockholders equity	317	714	746	829	814
Total liabilities, redeemable noncontrolling interest and stockholders equity	1,758	2,130	2,183	2,348	2,445

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Income from discontinued operations	−3	−3	−312,000	−12	—
Depreciation and amortization	134	137	140	135	138
Stock-based compensation expense	5	7	7	10	5
Amortization of debt premium, discount and issuance costs	9	9	6	4	4
Deferred income tax expense (benefit)	322	−10	−28	−4	−37
Increase in environmental liabilities	20	6	5	5	6
Change in fair value of put option liability	3	0	0	—	—
Loss on investment in AGE	2	0	0	—	—
(Gain) loss on debt extinguishment	0	4	−361,000	−651,000	—
Net periodic benefit cost of pension and other postretirement plans	4	2	4	5	16
Unrealized (gain) loss on foreign currency	4	−6	2	−6	4
Loss on disposal of property, plant and equipment	893,000	2	731,000	4	1
Accounts receivable	25	−24	20	−34	−12
Inventory	−23	−2	59	−35	−58
Income tax receivable	1	20	−7	20	33
Accounts payable	3	8	14	−8	7
Accrued and other current liabilities	−39	21	−12	28	24
Duty refund rights	0	40	−2	−18	—
Other	−10	20	−14	9	9
Contributions to pension and other postretirement plans	−7	−9	−12	−8	−9
Expenditures for environmental liabilities	−7	−6	−5	−4	−7
Cash provided by operating activities	24	204	136	69	74
Cash provided by operating activities	24	204	136	69	233
Capital expenditures, net of proceeds from sale of property, plant and equipment	−116	−108	−128	−138	−93
Proceeds related to insurance claims	4	0	0	—	—
Investment in equity method investments	−2	0	−780,000	−379,000	−4
Cash used in investing activities-continuing operations	−114	−108	−128	−139	−97
Cash provided by investing activities-discontinued operations	0	0	1	44	183
Cash used in investing activities	−114	−108	−127	−94	85
Borrowings of long-term debt	547	672	465	6	4
Repayments of long-term debt	−512	−702	−538	−75	−161
Short-term financing, net	−2	−3	1	−3	2
Debt issuance costs	−196,000	−24	−10	0	−636,000
Repurchase of common stock	−3	−914,000	−5	−433,000	−1
Contribution from redeemable noncontrolling interest	0	16	0	0	—
Preferred equity issuance costs	0	−1	0	0	—
Cash provided by (used in) financing activities	30	−42	−87	−73	−157
Net increase (decrease) in cash and cash equivalents	−60	53	−78	−98	162
Net effect of foreign exchange on cash and cash equivalents	10	−4	2	−3	−2
Interest paid	−99	−95	−51	−58	−47
Income taxes (paid) refunded, net	−510,000	19	−7	15	35
Capital assets purchased on account	29	39	37	30	26

Filings

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