← Imperial Petroleum Inc./Marshall Islands
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
| Net income for the year | ($375k) | ($394k) | ($3.6m) | $29.5m | $71.1m | $50.2m | $50.0m | — | |
| Net loss on sale of vessel | — | — | $0 | $0 | ($8.2m) | $1.6m | $0 | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($394k) |
($3.8m)
-860.03%
|
$24.8m
+755.10%
|
$60.0m
+142.23%
|
$50.2m
-16.39%
|
$50.0m
-0.36%
|
— | |
| Amortization of Debt Issuance Costs | — | — | $33k | $94k | $474k | $0 | $0 | — | |
| Depreciation | $8.6m | $8.6m | $8.7m | $12.3m | $15.6m | $17.0m | $25.9m | $28.9m | |
| Amortization of deferred finance charges | — | $0 | $33k | $94k | $474k | $0 | $0 | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $117k | $2.4m | $3.4m | $3.2m | $2.9m | |
| Impairment loss | — | — | $0 | $0 | $9.0m | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | $0 | $9.0m | $0 | $0 | $0 | |
| Nonoperating Income (Expense) | — | ($38k) | ($154k) | ($309k) | $5.1m | $6.0m | $10.1m | — | |
| Changes in operating assets and liabilities: | |||||||||
| Change In Working Capital | — | — | — | ($1.1m) | ($10.2m) | $3.5m | $2.6m | ($1.6m) | |
| Trade and other receivables | $124k | ($485k) | ($734k) | ($6.5m) | ($6.5m) | $43k | $53k | — | |
| Claim receivables | — | — | — | — | $0 | $0 | ($479k) | — | |
| Non cash investing activity – Seller financing included in receivables from related party | — | — | — | $0 | $35.7m | $0 | $0 | — | |
| Change In Receivables | — | — | — | ($6.5m) | ($9.4m) | $2.2m | ($619k) | ($5.3m) | |
| Changes In Account Receivables | — | — | — | ($6.5m) | ($6.5m) | $43k | $53k | ($5.3m) | |
| Increase (Decrease) in Inventories | — | $705k | ($577k) | $5.2m | $1.9m | $15k | ($2.6m) | ($3.2m) | |
| Inventories | ($71k) | ($705k) | $577k | ($5.2m) | ($1.9m) | ($15k) | $2.6m | ($3.2m) | |
| Change In Inventory | — | — | — | ($5.2m) | ($1.9m) | ($15k) | $2.6m | ($3.2m) | |
| Trade accounts payable | $176k | $618k | $289k | $6.7m | $119k | ($2.2m) | $716k | — | |
| Change In Payables And Accrued Expense | — | — | — | $10.3m | $1.5m | $1.3m | ($845k) | $3.7m | |
| Accrued liabilities | $17k | $173k | $238k | $1.5m | $1.4m | $362k | $826k | $1.7m | |
| Change In Accrued Expense | — | — | — | $1.5m | $1.4m | $362k | $826k | $1.7m | |
| Other current assets | — | ($174k) | $174k | ($240k) | ($63k) | ($350k) | ($455k) | ($1.4m) | |
| Change In Other Current Liabilities | — | — | — | $0 | ($63k) | ($71k) | ($79k) | ($84k) | |
| Net Cash Provided by (Used in) Operating Activities | $8.6m |
$8.9m
+3.43%
|
$5.2m
-40.92%
|
$40.9m
+680.62%
|
$79.5m
+94.46%
|
$77.7m
-2.31%
|
$80.8m
+3.97%
|
$96.5m
+19.51%
|
|
| Cash flows from investing activities: | |||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | $8.2m | ($1.6m) | $0 | ($351k) | |
| Repayment of seller and capital expenditures financing | — | — | — | — | $0 | $0 | ($164.7m) | — | |
| Capital Expenditure | — | — | — | ($118.7m) | ($28.1m) | ($74.7m) | ($1.7m) | ($1.7m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($728k) | ($143k) | ($186.7m) | $12.3m | ($106.7m) | ($35.1m) | ($41.2m) | |
| Cash flows from financing activities: | |||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $28.0m | $47.8m | — | — | — | $0 | |
| Issuance Of Debt | — | — | $28.0m | $47.8m | $0 | $0 | — | $0 | |
| Long Term Debt Issuance | — | — | $28.0m | $47.8m | $0 | $0 | — | $0 | |
| Net Issuance Payments Of Debt | — | — | — | $42.4m | ($70.4m) | $0 | ($164.7m) | ($164.7m) | |
| Net Long Term Debt Issuance | — | — | — | $42.4m | ($70.4m) | $0 | ($164.7m) | ($164.7m) | |
| Repayments of Long-term Debt | — | — | — | $5.4m | $70.4m | $0 | $0 | ($164.7m) | |
| Long Term Debt Payments | — | — | — | ($5.4m) | ($70.4m) | $0 | ($164.7m) | ($164.7m) | |
| Repayment Of Debt | — | — | — | ($5.4m) | ($70.4m) | $0 | ($164.7m) | ($164.7m) | |
| Issuance Of Capital Stock | — | — | — | $168.2m | $29.1m | $0 | $60.0m | $60.0m | |
| Repurchase Of Capital Stock | — | — | — | $0 | ($5.9m) | ($2.5m) | $0 | ($2.2m) | |
| Common Stock Issuance | — | — | — | $168.0m | $29.1m | $0 | $60.0m | $60.0m | |
| Net Common Stock Issuance | — | — | — | $168.0m | $23.2m | ($2.5m) | $60.0m | $57.8m | |
| Payments for Repurchase of Common Stock | — | — | — | — | $5.9m | $2.5m | $0 | — | |
| Common Stock Payments | — | — | — | $0 | ($5.9m) | ($2.5m) | $0 | ($2.2m) | |
| Common Stock Dividend Paid | — | — | ($25.8m) | $0 | $0 | — | — | $0 | |
| Dividends income from related party | — | — | $0 | $0 | ($404k) | $0 | $0 | — | |
| Dividends income received | — | — | — | — | $242k | $0 | $0 | — | |
| Dividends paid on preferred shares | — | $0 | ($131k) | ($1.7m) | ($2.1m) | ($1.7m) | ($1.7m) | ($1.8m) | |
| Non cash investing activity – Dividend on Series A Perpetual Convertible Preferred shares included in investment in related party | — | — | — | — | $162k | $0 | $354k | — | |
| Non cash financing activity – Dividend on Series A Preferred Shares included in payable to related parties | — | — | — | — | $0 | $4k | $9k | — | |
| Cash Dividends Paid | — | — | — | ($1.7m) | ($2.1m) | ($1.7m) | ($1.7m) | ($1.8m) | |
| Dividends Received CFI | — | — | — | $0 | $242k | $0 | $0 | $0 | |
| Preferred Stock Dividend Paid | — | — | — | ($1.7m) | ($2.1m) | ($1.7m) | ($1.7m) | ($1.8m) | |
| Net Other Financing Charges | — | — | — | ($12.0m) | ($6.5m) | ($22k) | ($4.0m) | ($4.0m) | |
| Net cash (used in)/ provided by financing activities | ($4.2m) |
($9.3m)
-123.74%
|
($6.4m)
+31.67%
|
$196.9m
+3190.76%
|
($57.4m)
-129.14%
|
$4.8m
+108.38%
|
($107.7m)
-2338.68%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | ($9.3m) |
($6.4m)
+31.67%
|
$196.9m
+3190.76%
|
($57.4m)
-129.14%
|
$4.8m
+108.38%
|
($107.7m)
-2338.68%
|
($110.0m)
-2.13%
|
|
| Net increase/(decrease) in cash, cash equivalents | $4.4m | ($1.2m) | ($1.3m) | $51.2m | $34.4m | ($24.1m) | ($62.0m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($1.2m) | ($1.3m) | $51.2m | $34.4m | ($24.1m) | ($62.0m) | $71.9m | |
| Beginning Cash Position | — | — | — | $6.3m | $57.5m | $91.9m | $67.8m | $126.5m | |
| Cash, cash equivalents at the beginning of the year | $8.8m | $7.6m | $6.3m | $57.5m | $91.9m | $67.8m | $5.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $7.6m | $6.3m | $57.5m | $91.9m | $67.8m | $5.8m | $71.9m | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Interest Expense Nonoperating | — | — | — | — | — | $382k | $2.3m | — | |
| Changes in operating lease liabilities | — | — | — | — | ($63k) | ($71k) | ($79k) | — | |
| Additional Financial Items | |||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($28k) | ($10k) | $12k | $700k | ($2.7m) | $4.4m | — | |
| General and Administrative Expense | — | $220k | $615k | $1.8m | $4.9m | $4.9m | $4.6m | — | |
| Investment Income, Interest | — | $108 | $980 | $1.3m | $4.5m | $6.7m | $7.3m | — | |
| Operating Expenses | — | $7.2m | $7.4m | $16.4m | $25.6m | $26.4m | $37.7m | — | |
| Payments for Repurchase of Warrants | — | — | — | — | $1.5m | $0 | $0 | — | |
| Payments of Financing Costs | — | — | $196k | $405k | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $20.3m | $17.4m | $97.0m | $183.7m | $147.5m | $161.0m | — | |
| Noncash lease expense | — | — | — | — | $63k | $71k | $79k | — | |
| Shared based compensation | — | — | — | $117k | $2.4m | $3.4m | $3.2m | — | |
| Net gain on sale of vessel – related party | — | — | — | $0 | ($8.2m) | $0 | $0 | — | |
| Unrealized foreign exchange (gain)/loss on time deposits | — | — | — | — | ($426k) | $2.0m | ($968k) | — | |
| Advances and prepayments | ($8k) | ($59k) | ($11k) | ($22k) | ($182k) | ($89k) | $6k | — | |
| Due from related party | — | — | — | — | ($2.2m) | $2.2m | ($192k) | — | |
| Due to related party | — | — | ($709k) | $2.1m | ($692k) | $3.1m | ($2.4m) | — | |
| Deferred income | $98k | ($224k) | $348k | $608k | ($55k) | $500k | $2.0m | — | |
| Proceeds from sale of vessel, net | — | — | — | — | $3.9m | $41.2m | $0 | — | |
| Payments for acquisition and capitalized expenses of vessels | — | ($728k) | ($143k) | ($118.7m) | ($28.1m) | ($74.7m) | ($1.7m) | — | |
| Purchase of bank time deposits | — | — | — | ($68.0m) | $203.8m | ($259.6m) | ($318.1m) | — | |
| Maturity of bank time deposits | — | — | — | ($68.0m) | ($167.5m) | $150.8m | $284.8m | — | |
| Proceeds from seller financing | — | — | — | — | $0 | $35.7m | $0 | — | |
| Proceeds from issuance of Series B preferred shares | — | — | — | $200k | $0 | $475k | $655k | — | |
| Proceeds from exercise of stock options | — | — | — | — | $29.1m | $475k | $60.0m | — | |
| Proceeds from equity offerings | — | — | — | $168.0m | $29.1m | $0 | $2.1m | — | |
| Stock issuance costs | — | — | — | ($11.2m) | ($1.5m) | $0 | ($4.0m) | — | |
| Issuance costs on warrants exercise | — | — | — | — | $0 | ($22k) | $0 | — | |
| Stock repurchase | — | — | — | — | ($5.9m) | ($2.5m) | $0 | — | |
| Warrants repurchase | — | — | — | — | ($1.5m) | $0 | $0 | — | |
| Loan repayments | — | — | — | ($5.4m) | ($70.4m) | $0 | $0 | — | |
| Cash retained by C3is Inc. at spin off | — | — | — | — | ($5.0m) | $0 | $0 | — | |
| Non cash investing activity – Vessel improvements included in liabilities | — | $194k | $0 | $0 | $859k | $0 | $0 | — | |
| Non cash investing and financing activity – Part payment of vessel acquisition through issuance of Series C Preferred Shares | — | — | — | — | $10.0m | $0 | $0 | — | |
| Non cash investing activity – Vessel acquisition included in payable to related parties | — | — | — | — | $0 | $13.3m | $0 | — | |
| Distribution of net assets of C3is Inc. to shareholders and warrant holders | — | — | — | — | $21.0m | $0 | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | $196.9m | ($57.4m) | $4.8m | ($107.7m) | ($110.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($186.7m) | $12.3m | ($106.7m) | ($35.1m) | ($41.2m) | |
| Change In Account Payable | — | — | — | $6.7m | $119k | ($2.2m) | $716k | $3.7m | |
| Change In Other Working Capital | — | — | — | $608k | ($55k) | $500k | $2.0m | $1.0m | |
| Change In Payable | — | — | — | $8.8m | $119k | $918k | ($1.7m) | $3.7m | |
| Change In Prepaid Assets | — | — | — | ($22k) | ($182k) | ($89k) | $6k | ($74k) | |
| Changes In Cash | — | — | — | $51.2m | $34.4m | ($24.1m) | ($62.0m) | ($54.6m) | |
| End Cash Position | — | — | — | $57.5m | $91.9m | $67.8m | $5.8m | $71.9m | |
| Financing Cash Flow | — | — | — | $196.9m |
($57.4m)
-129.14%
|
$4.8m
+108.38%
|
($107.7m)
-2338.68%
|
($110.0m)
-2.13%
|
|
| Free Cash Flow | — | — | — | ($77.8m) | $51.4m | $3.0m | $79.1m | $94.8m | |
| Gain Loss On Sale Of PPE | — | — | — | $0 | ($8.2m) | $1.6m | $0 | $0 | |
| Investing Cash Flow | — | — | — | ($186.7m) | $12.3m | ($106.7m) | ($35.1m) | ($41.2m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | $0 | ($426k) | $2.0m | ($968k) | ($351k) | |
| Net PPE Purchase And Sale | — | — | — | ($118.7m) | ($24.3m) | ($33.5m) | ($1.7m) | ($1.7m) | |
| Net Preferred Stock Issuance | — | — | $0 | $200k | $0 | $0 | — | $0 | |
| Operating Gains Losses | — | — | — | — | ($9.0m) | $3.6m | ($968k) | ($351k) | |
| Other Non Cash Items | — | — | — | $94k | $537k | $71k | $79k | — | |
| Proceeds From Stock Option Exercised | — | — | — | $0 | ($1.5m) | $9.1m | $2.7m | $2.7m | |
| Purchase Of PPE | — | — | — | ($118.7m) | ($28.1m) | ($74.7m) | ($1.7m) | ($1.7m) | |
| Sale Of PPE | — | — | — | $0 | $3.9m | $41.2m | $0 | $0 | |
| Stock Based Compensation | — | — | — | $117k | $2.4m | $3.4m | $3.2m | $2.9m | |
| Net Investment Purchase And Sale | — | — | — | ($68.0m) | $36.3m | ($108.8m) | ($33.4m) | ($39.5m) | |
| Purchase Of Investment | — | — | — | ($68.0m) | ($167.5m) | ($259.6m) | ($318.1m) | ($382.6m) | |
| Sale Of Investment | — | — | — | $0 | $203.8m | $150.8m | $284.8m | $343.1m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | $51.2m | $34.4m | ($24.1m) | ($62.0m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | ($196k) | $898k | $1.7m | $0 | $2.7m | — |