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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 23,688 $ 16,838
Restricted cash 1,882 9,567
Accounts receivable, net of allowance for credit losses of $2,516 and $3,023, respectively 115,494 101,639
Inventories 142,576 145,836
Derivative assets 13,390 15,053
Prepaid expenses and other current assets 13,269 9,166
Total current assets 310,299 298,099
Property, plant and equipment, net 194,691 185,206
Goodwill 116,090 113,999
Intangible assets, net 128,992 130,886
Operating lease right-of-use assets 16,115 11,090
Other long-term assets 7,114 6,933
Total Assets 773,301 746,213
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY    
Current maturities of long-term debt 9,287 11,504
Short-term debt 42,855 42,905
Accounts payable 101,540 116,675
Derivative liabilities 3,806 7,592
Accrued expenses and other current liabilities 36,899 37,459
Total current liabilities 194,387 216,135
Long-term debt, net 215,285 162,502
Deferred income taxes 10,823 14,355
Warrant liabilities 49,480 55,521
Other long-term liabilities 15,404 11,035
Total liabilities 485,379 459,548
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, 75,628 shares and 75,020 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 759 750
Additional paid-in-capital 345,840 342,664
Accumulated deficit (332,383) (328,042)
Accumulated other comprehensive loss (3,881) (6,103)
Total shareholders' equity attributable to Westrock Coffee Company 10,335 9,269
Noncontrolling interest 2,475 2,460
Total shareholders' equity 12,810 11,729
Total Liabilities, Convertible Preferred Shares and Shareholders' Equity 773,301 746,213
Series A Redeemable Common Equivalent Preferred Shares    
LIABILITIES, CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS' EQUITY    
Redeemable Common Equivalent Preferred Shares $ 275,112 $ 274,936