XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows used in operating activities:      
Net loss attributable to Village Farms International, Inc. shareholders $ (36,555) $ (8,016) $ (43,072)
Adjustments to reconcile net loss net loss attributable to Village Farms International, Inc. shareholders to net cash used in operating activities:      
Depreciation and amortization   7,729 6,332
Amortization of deferred charges   68 126
Share of loss from joint ventures 2,615   2,667
Net loss attributable to non-controlling interest (152) (40) (314)
Interest expense 665 2,544 1,348
Interest income   (479) (110)
Interest paid on long-term debt   (2,637) (1,855)
Unrealized foreign exchange loss   27 115
Impairments 29,799   29,799
Write-off of joint venture loan 592   592
Non-cash lease expense   907 29
Share-based compensation   2,388 2,078
Deferred income taxes   (392) (16,134)
Changes in non-cash working capital items   (7,346) 9,064
Net cash used in operating activities   (5,247) (9,021)
Cash flows used in investing activities:      
Purchases of property, plant and equipment   (2,548) (10,232)
Issuance of note receivable     (3,449)
Repayment of note receivable   835  
Net cash used in investing activities   (1,713) (13,681)
Cash flows provided by (used in) financing activities:      
Proceeds from borrowings     4,000
Repayments on borrowings   (6,406) (6,490)
Proceeds from issuance of common stock and warrants   24,772  
Issuance costs   (1,437)  
Proceeds from exercise of stock options   83 192
Payments on capital lease obligations     (612)
Net cash provided by (used in) financing activities   17,012 (2,910)
Effect of exchange rate changes on cash and cash equivalents   (69) (56)
Net increase (decrease) in cash, cash equivalents and restricted cash   9,983 (25,668)
Cash, cash equivalents and restricted cash, beginning of period   21,676 58,667
Cash, cash equivalents and restricted cash, end of period $ 32,999 31,659 $ 32,999
Non-cash investing and financing activities:      
Operating lease right-of-use assets   4,808  
Operating lease liabilities   $ 4,808