XML 98 R85.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 19,344 $ 16,890
Restricted cash 3,526 1,762
Accounts receivable, net of allowance for credit losses of $3,749 at December 31, 2021 and $3,977 at December 31, 2020 85,795 66,154
Inventories 109,166 84,377
Derivative assets, net 13,765 12,263
Prepaid expenses and other current assets 6,410 5,760
Total current assets 238,006 187,206
Property, plant and equipment, net 127,613 126,274
Goodwill 97,053 97,053
Intangible assets, net 125,914 132,339
Other long-term assets 4,434 5,268
Total Assets 593,020 548,140
LIABILITIES, REDEEMABLE UNITS, AND SHAREHOLDERS' DEFICIT    
Current maturities of long-term debt 8,735 6,108
Short-term debt 4,510 6,447
Short-term related party debt 34,199 26,316
Accounts payable 80,405 63,517
Derivative liabilities, net 14,021 3,397
Accrued expenses and other current liabilities 26,370 23,509
Total current liabilities 168,240 129,294
Long-term debt, net 277,064 271,263
Subordinated related party debt 13,300 17,580
Deferred income taxes 25,515 26,312
Other long-term liabilities 3,028 2,769
Total liabilities 487,147 447,218
Commitments and contingencies (Note 19)
Shareholders' Deficit    
Common shares: $0.01 par value 39,389,219 units authorized; 34,523,284 shares and 34,202,287 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively [1] 345 342
Additional paid-in capital [1] 60,628 59,570
Accumulated deficit [1] (251,725) (205,570)
Accumulated other comprehensive income [1] 12,018 3,820
Total shareholders' deficit attributable to Westrock Coffee Holdings, LLC [1] (178,734) (141,838)
Noncontrolling interest [1] 2,736 2,097
Total shareholders' deficit [1] (175,998) (139,741)
Total Liabilities, Convertible Preferred Shares, Redeemable Units and Shareholders' Equity (Deficit) 593,020 548,140
Series A Redeemable Common Equivalent Preferred Units    
LIABILITIES, REDEEMABLE UNITS, AND SHAREHOLDERS' DEFICIT    
Redeemable Common Equivalent Preferred Units 264,729 $ 240,663
Series B Redeemable Common Equivalent Preferred Units    
LIABILITIES, REDEEMABLE UNITS, AND SHAREHOLDERS' DEFICIT    
Redeemable Common Equivalent Preferred Units $ 17,142  
[1] Retroactively restated for de-SPAC merger transaction as described in Note 2.