← Intrepid Potash, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | 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 (Loss) Attributable to Parent | ($66.6m) |
($22.6m)
+66.13%
|
$11.8m
+152.21%
|
$13.6m
+15.68%
|
($27.2m)
-299.21%
|
$249.8m
+1020.06%
|
$72.2m
-71.09%
|
($35.7m)
-149.39%
|
($212.8m)
-496.66%
|
$11.2m
+105.25%
|
— | |
| Depreciation, Depletion and Amortization | $42.7m | $34.8m | $32.2m | $34.3m | $36.1m | $36.0m | $35.0m | $39.4m | $37.7m | $40.6m | $35.9m | |
| Depreciation | $36.2m | $28.3m | $27.9m | $27.9m | $29.7m | $29.4m | $29.8m | $34.3m | $31.4m | $33.9m | $35.5m | |
| Amortization of Debt Issuance Costs | $2.1m | $1.8m | $732k | $303k | $425k | $314k | $265k | $301k | $301k | $301k | — | |
| Amortization of Intangible Assets | — | — | $0 | $214k | $322k | $322k | $322k | $322k | $328k | $328k | — | |
| Amortization of deferred financing costs | $2.1m | $1.8m | $732k | $303k | $425k | $314k | $265k | $301k | $301k | $301k | — | |
| Deferred Income Tax Expense (Benefit) | $0 | — | — | — | — | ($209.1m) | $23.3m | ($8.5m) | $194.2m | $0 | — | |
| Deferred tax assets, net | $0 | — | — | $0 | $0 | ($209.1m) | $23.3m | ($8.5m) | $194.2m | $0 | — | |
| Share-based Payment Arrangement, Noncash Expense | $3.6m | $3.6m | $4.2m | $4.3m | $3.8m | $3.0m | $6.2m | $6.5m | $3.6m | $5.1m | $4.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $173k | $781k | $903k | $540k | $172k | $791k | $4.8m | $1.5m | $775k | $1.1m | — | |
| Share-based Payment Arrangement, Expense | $3.6m | $3.6m | $4.2m | $4.3m | $3.8m | $3.0m | $6.2m | $6.5m | $3.6m | $5.1m | $4.7m | |
| Stock-based compensation | $3.6m | $3.6m | $4.2m | $4.3m | $3.8m | $3.0m | $6.2m | $6.5m | $3.6m | $5.1m | $4.7m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $0 | $0 | $0 | — | — | — | — | |
| Impairment of long-lived assets | $0 | — | — | — | — | $0 | $0 | $43.3m | $10.7m | $1.9m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | $689k | ($486k) | ($299k) | ($374k) | — | |
| Other Nonoperating Income (Expense) | $1.1m | $397k | $142k | $355k | $384k | $48k | $305k | $95k | $45k | ($762k) | — | |
| Loss on equity investment | — | — | — | — | — | — | $0 | $0 | $266k | $888k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $600k | $5.6m | $7.5m | ($1.3m) | ($1.2m) | $12.6m | ($8.7m) | ($4.5m) | $508k | $11.4m | $3.6m | |
| Trade accounts receivable, net | ($600k) | ($5.6m) | ($7.5m) | $1.3m | $1.2m | ($12.6m) | $8.7m | $4.5m | ($508k) | ($11.4m) | — | |
| Other receivables, net | $977k | ($270k) | $165k | ($650k) | ($609k) | $589k | $140k | ($701k) | $642k | $593k | — | |
| Increase (Decrease) in Inventories | $12.2m | $6.7m | $67k | $11.5m | $291k | ($7.4m) | $33.3m | $11.9m | $10.8m | $3.9m | ($8.4m) | |
| Inventory Write-down | $20.4m | $7.3m | $1.7m | $1.8m | $4.0m | $0 | $0 | $6.5m | $4.0m | $4.4m | — | |
| Lower of cost or net realizable value inventory adjustments | $20.4m | $7.3m | $1.7m | $1.8m | $4.0m | $0 | $0 | $6.5m | $4.0m | $4.4m | — | |
| Inventory, net | ($12.2m) | ($6.7m) | ($67k) | ($11.5m) | ($291k) | $7.4m | ($33.3m) | ($11.9m) | ($10.8m) | ($3.9m) | ($8.4m) | |
| Accounts payable, accrued liabilities and accrued employee compensation and benefits | ($12.4m) | ($3.8m) | $1.7m | $2.3m | $2.3m | $13.5m | ($3.6m) | $1.3m | ($3.5m) | $4.7m | ($3.5m) | |
| Accrued purchases for property, plant, equipment, mineral properties, and development costs | $793k | $4.1m | $1.1m | $5.0m | $344k | $2.2m | $8.5m | $4.6m | $1.9m | $2.3m | — | |
| Other current assets | $5.4m | $3.5m | $1.8m | ($1.0m) | $2.3m | ($2.0m) | $191k | ($3.9m) | ($362k) | ($2.2m) | ($2.2m) | |
| Other liabilities | ($1.5m) | $102k | $12.2m | $5.4m | $13.4m | $3.4m | ($28.7m) | ($858k) | $1.2m | $2.7m | — | |
| Other Operating Income (Expense), Net | $1.7m | $2.8m | ($141k) | ($1.2m) | ($735k) | ($178k) | ($4.7m) | ($2.2m) | ($6.0m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($18.3m) |
$17.2m
+194.23%
|
$64.2m
+273.15%
|
$49.4m
-23.13%
|
$31.1m
-36.93%
|
$79.1m
+153.87%
|
$88.8m
+12.34%
|
$43.2m
-51.33%
|
$72.5m
+67.70%
|
$55.8m
-23.06%
|
$68.2m
+22.32%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $17.9m | $13.5m | $16.9m | $63.8m | $16.4m | $19.8m | $68.7m | $65.1m | $38.7m | $30.2m | ($32.7m) | |
| Proceeds from sale of property, plant, equipment, and mineral properties | $0 | $5.7m | $110k | $68k | $4.8m | $6.0m | $58k | $125k | $4.8m | $5.8m | — | |
| Payments to Acquire Investments | $10.3m | — | — | — | — | — | — | — | — | — | $0 | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | — | ($266k) | ($888k) | — | |
| Purchase of investments | — | — | $0 | $0 | ($3.5m) | ($1.1m) | ($13.0m) | ($1.4m) | $0 | $0 | $0 | |
| Proceeds from redemptions/maturities of investments | — | — | — | — | $0 | $0 | $2.5m | $6.0m | $3.0m | $1.0m | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | ($796k) | ($1.5m) | ($2.1m) | — | |
| Other investing, net | — | — | — | — | — | $0 | $0 | $796k | $1.5m | $2.1m | — | |
| Net Cash Provided by (Used in) Investing Activities | $32.5m | ($7.9m) | ($16.8m) | ($80.6m) | ($15.2m) | ($14.8m) | ($79.2m) | ($59.6m) | ($29.5m) | ($13.3m) | ($20.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $15.0m | $75.0m | $10.0m | $0 | $35.0m | $15.0m | $0 | $0 | — | — | ($1.4m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $10.1m | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Debt prepayment costs | $0 | ($3.0m) | ($402k) | $0 | ($1.9m) | ($505k) | $0 | $0 | — | — | — | |
| Proceeds from borrowings on credit facility | — | $22.0m | $13.5m | $30.3m | $10.0m | $0 | $0 | $9.0m | $0 | $0 | — | |
| Repayments of borrowings on credit facility | — | ($18.1m) | ($17.4m) | ($10.5m) | $0 | ($29.8m) | $0 | ($5.0m) | ($4.0m) | $0 | — | |
| Capitalized debt costs | ($3.9m) | ($129k) | ($210k) | ($503k) | ($36k) | $0 | ($1.0m) | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $22.0m | $0 | $0 | — | — | |
| Proceeds from Issuance of Common Stock | — | $59.1m | — | — | — | — | — | — | — | — | — | |
| Repurchases of common stock | — | — | — | — | $0 | $0 | ($22.0m) | $0 | $0 | — | — | |
| Net cash (used in) provided by financing activities | ($19.1m) |
($15.8m)
+17.41%
|
($15.3m)
+2.91%
|
$18.8m
+222.84%
|
($17.0m)
-190.68%
|
($47.3m)
-177.43%
|
($27.7m)
+41.41%
|
$1.9m
+106.83%
|
($5.7m)
-402.17%
|
($276k)
+95.17%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | ($19.1m) |
($12.8m)
+33.14%
|
($15.3m)
-19.92%
|
$18.8m
+222.84%
|
($17.0m)
-190.68%
|
($47.3m)
-177.43%
|
($27.7m)
+41.41%
|
$1.9m
+106.83%
|
($5.7m)
-402.17%
|
($276k)
+95.17%
|
($1.8m)
-540.22%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $32.2m | ($12.5m) | ($1.1m) | $17.0m | ($18.1m) | ($14.4m) | $37.2m | $42.2m | $185.6m | |
| Cash, Cash Equivalents, and Restricted Cash, beginning of period | $8.5m | $1.5m | $33.7m | $21.2m | $20.2m | $37.1m | $19.1m | $4.7m | $41.9m | $84.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $33.7m | $21.2m | $20.2m | $37.1m | $19.1m | $4.7m | $41.9m | $84.1m | $185.6m | |
| Net Change in Cash, Cash Equivalents, and Restricted Cash | ($1.3m) | ($6.9m) | $32.2m | ($12.5m) | ($1.1m) | $17.0m | ($18.1m) | ($14.4m) | $37.2m | $42.2m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $9.0m | $11.6m | $3.5m | $2.7m | $2.5m | $875k | $113k | $411k | $503k | $463k | — | |
| Income Taxes Paid, Net | ($100k) | ($1.5m) | ($3.5m) | $942k | $97k | $193k | $1.0m | $179k | $9k | $487k | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $1.8m | $1.6m | $1.7m | $1.8m | $1.7m | $1.9m | $2.0m | $2.1m | $2.5m | $2.6m | — | |
| Gain (Loss) on Disposition of Assets | ($262k) | ($1.8m) | $87k | ($345k) | $4.2m | $2.5m | ($7.5m) | ($807k) | ($2.0m) | $1.2m | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | ($10.1m) | $0 | $0 | — | — | — | — | |
| Income Tax Expense (Benefit) | ($1.4m) | ($2.8m) | $108k | $53k | $5k | ($208.9m) | $24.3m | ($8.4m) | $194.3m | $544k | — | |
| Investment Income, Interest | $286k | $6k | $110k | — | — | — | $176k | $298k | $1.7m | $2.4m | — | |
| Proceeds from Stock Options Exercised | — | $121k | $114k | $21k | $108k | $89k | $110k | $0 | $0 | $1.8m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | — | — | — | — | — | — | $298.3m | — | |
| Accretion of asset retirement obligation | $1.8m | $1.6m | $1.7m | $1.8m | $1.7m | $1.9m | $2.0m | $2.1m | $2.5m | $2.6m | — | |
| Reserve for obsolescence | $349k | $1.1m | $15k | $0 | $492k | $2.1m | $1.8m | $509k | $1.8m | $2.4m | — | |
| Allowance for doubtful accounts | — | $865k | $100k | $75k | $75k | $0 | $0 | $110k | $120k | $62k | — | |
| (Gain) loss on sale or disposal of assets | $262k | $1.8m | ($87k) | $345k | ($4.2m) | ($2.5m) | $7.5m | $807k | $2.0m | ($1.2m) | — | |
| Equity in earnings of unconsolidated entities | — | — | — | — | $0 | $0 | ($689k) | $486k | $299k | $374k | — | |
| Distribution of earnings from unconsolidated entities | — | — | — | — | — | $0 | $0 | $452k | $0 | $0 | — | |
| Operating lease liabilities | — | — | — | ($2.1m) | ($2.2m) | ($2.5m) | ($2.0m) | ($1.7m) | ($1.4m) | ($1.1m) | — | |
| Deferred other income | — | — | — | — | — | — | $0 | $5.0m | $42.7m | ($2.3m) | — | |
| Deposit received | — | — | — | — | — | — | — | $0 | $0 | $8.0m | — | |
| Additions to intangible Assets | — | — | $0 | ($16.9m) | $0 | $0 | $0 | $0 | ($200k) | $0 | — | |
| Proceeds from loan under CARES Act | — | — | $0 | $0 | $10.0m | $0 | $0 | — | — | — | — | |
| Payments of financing leases | — | — | $0 | $0 | ($74k) | ($1.3m) | $0 | ($597k) | ($942k) | ($1.0m) | — | |
| Proceeds from exercise of stock options | — | $121k | $114k | $21k | $108k | $89k | $110k | $0 | $0 | $1.8m | — |