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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 44,407 $ 16,838
Restricted cash 4,408 9,567
Accounts receivable, net of allowance for credit losses of $3,301 and $3,023, respectively 99,564 101,639
Inventories 161,346 145,836
Derivative assets 15,159 15,053
Prepaid expenses and other current assets 14,712 9,166
Total current assets 339,596 298,099
Property, plant and equipment, net 287,763 185,206
Goodwill 116,353 113,999
Intangible assets, net 125,062 130,886
Operating lease right-of-use assets 14,496 11,090
Other long-term assets 7,801 6,933
Total Assets 891,071 746,213
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY    
Current maturities of long-term debt 9,293 11,504
Short-term debt 53,045 42,905
Accounts payable 62,393 116,675
Supply chain finance program 67,466  
Derivative liabilities 5,098 7,592
Accrued expenses and other current liabilities 24,855 37,459
Total current liabilities 222,150 216,135
Long-term debt, net 205,767 162,502
Deferred income taxes 12,620 14,355
Warrant liabilities 36,175 55,521
Other long-term liabilities 13,879 11,035
Total liabilities 490,591 459,548
Commitments and contingencies (Note 20)
Shareholders' Equity    
Preferred stock, $0.01 par value, 26,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value, 300,000 shares authorized, 88,039 shares and 75,020 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 880 750
Additional paid-in-capital 469,167 342,664
Accumulated deficit (342,573) (328,042)
Accumulated other comprehensive loss (1,297) (6,103)
Total shareholders' equity attributable to Westrock Coffee Company 126,177 9,269
Non-controlling interest   2,460
Total shareholders' equity 126,177 11,729
Total Liabilities, Convertible Preferred Shares and Shareholders' Equity 891,071 746,213
Series A Redeemable Common Equivalent Preferred Shares    
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY    
Redeemable Common Equivalent Preferred Shares $ 274,303 $ 274,936