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Rayonier Advanced Materials cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$28.7M in Q3 2026 · $97.9M over twelve months

Operating cash flow$28.7M
Free cash flow+$28.7M

Analysis

In Q3 2026, Rayonier Advanced Materials generated $28.7M of operating cash flow.

Over the twelve months to Sep 26, 2026, operating cash flow was $97.9M; the largest uses were other investing ($81.0M), net borrowing (+) / repaid (−) ($22.9M), other financing ($6.6M); the cash balance fell by $15.9M.

Operating cash flow was $28.7M against net income of −$229M. The largest differences: impairments +$189M, receivables −$36.9M, depreciation & amortization +$33.2M.

Free cash flow

Rayonier Advanced Materials: free cash flow by quarterRayonier Advanced Materials: free cash flow by quarter$54.9MQ4 2024$39.6MQ1 2025−$30.2MQ2 2025−$17.8MQ3 2025$32.3MQ4 2025$31.9MQ1 2026$5.0MQ2 2026$28.7MQ3 2026
Operating cash flow less capital spending.
Rayonier Advanced Materials: operating cash flow against capital spendingRayonier Advanced Materials: operating cash flow against capital spendingOperating cash flowCapital spending$54.9M$0Q4 2024$39.6M$0Q1 2025−$30.2M$0Q2 2025−$17.8M$0Q3 2025$32.3M$0Q4 2025$31.9M$0Q1 2026$5.0M$0Q2 2026$28.7M$0Q3 2026
Latest (Q3 2026): Operating cash flow $28.7M, Capital spending $0.

Capital allocation, year by year

Rayonier Advanced Materials: where the cash came from (up) and went (down), by fiscal yearRayonier Advanced Materials: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksFY2021: Operating cash flow $233MFY2021: Net borrowing −$155MFY2021: Asset sales $2.0MFY2021: Capital spending −$95.2MFY2021: Buybacks −$1.4M$235MFY2021FY2022: Operating cash flow $68.8MFY2022: Net borrowing −$72.7M$68.8MFY2022FY2023: Operating cash flow $136MFY2023: Net borrowing −$71.4MFY2023: Asset sales $3.0M$139MFY2023FY2024: Operating cash flow $204MFY2024: Net borrowing −$32.4M$204MFY2024FY2025: Operating cash flow $23.9MFY2025: Net borrowing $33.3MFY2025: Asset sales $1.0M$58.2MFY2025
Over these 5 years operating cash flow totalled $666M; the largest uses were net borrowing ($331M) and capital spending ($95.2M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$61.1M
Debt$771M
Net debt$710M

Rayonier Advanced Materials funds itself: free cash flow was $97.9M over the last twelve months, and $61.1M of cash and investments stands against $771M of debt.

Where the cash came from and went

Rayonier Advanced Materials: sources (+) and uses (−) of cash, Q3 2026Rayonier Advanced Materials: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$28.7MOther investing−$18.7MNet borrowing (+) / repaid (−)−$8.3MCash drawn (+) / kept (−)−$4.1MOther financing$2.5MTaxes on employees’ shares−$38KExchange rates−$7K
Rayonier Advanced Materials: sources (+) and uses (−) of cash, TTM to Q3 2026Rayonier Advanced Materials: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$97.9MOther investing−$81.0MNet borrowing (+) / repaid (−)−$22.9MCash drawn (+) / kept (−)$15.9MOther financing−$6.6MTaxes on employees’ shares−$2.2MExchange rates−$1.1M

From profit to cash

Rayonier Advanced Materials: net income to operating cash flow, Q3 2026Rayonier Advanced Materials: net income to operating cash flow, Q3 2026Net income−$229MDepreciation & amortization$33.2MStock-based pay$1.0MDeferred taxes$1.7MImpairments$189MGains on disposals−$162KOther non-cash$2.5MReceivables−$36.9MInventory$817KPayables$14.2MAccrued liabilities$18.7MOther operating capital$5.5MOperating cash flow$28.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202643545146
Q1 202650615259
Q4 202543614559
Q3 202543705261
Q2 202543645651
Q1 202548565351
Q4 202445544455

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$28.7M−$8.3M−$4.1M$28.7M
Q2 2026$5.0M$10.0M$10.9M$5.0M
Q1 2026$31.9M−$16.0M$7.4M$31.9M
Q4 2025$32.3M−$17.4M$1.6M$32.3M
Q3 2025−$17.8M$46.7M−$6.4M−$17.8M
Q2 2025−$30.2M$1.8M$59.2M−$30.2M
Q1 2025$39.6M$2.1M−$4.6M$39.6M
Q4 2024$54.9M−$25.0M$10.9M$54.9M

Rayonier Advanced Materials: income statement and cash flow

Rayonier Advanced Materials, Q3 2026: revenue $383M (+8% year over year), operating margin -51.3%. The chart follows the revenue to costs, profit and cash.

Rayonier Advanced Materials: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.