← KNOT Offshore Partners LP
| 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 | ($426k) |
$62.8m
+14844.37%
|
$82.2m
+30.81%
|
$59.0m
-28.25%
|
$65.2m
+10.63%
|
$53.9m
-17.40%
|
$58.7m
+8.89%
|
($34.3m)
-158.51%
|
$14.1m
+140.97%
|
$23.3m
+65.37%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $61.1m | $68.1m | — | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $1.2m | $1.7m | $3.2m | $2.6m | $2.5m | $3.5m | $2.7m | $2.5m | $2.2m | $2.4m | — | |
| Amortization of Intangible Assets | — | $429k | $606k | $605k | $605k | $606k | $75k | — | — | — | — | |
| Depreciation | $56.2m | $71.6m | $88.8m | $89.8m | $89.7m | $99.6m | $107.4m | $110.9m | $111.8m | $119.7m | $132.8m | |
| Amortization of contract intangibles / liabilities | ($1.5m) | ($1.1m) | ($912k) | ($912k) | ($912k) | ($912k) | ($1.4m) | ($651k) | ($963k) | ($6.8m) | — | |
| Amortization of deferred revenue | ($1.6m) | ($1.5m) | ($1.1m) | — | — | — | — | ($467k) | ($467k) | ($467k) | — | |
| Amortization of deferred debt issuance cost | $1.2m | $1.7m | $3.2m | $2.6m | $2.5m | $3.5m | $2.7m | $2.5m | $2.2m | $2.4m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | ($1.4m) | ($651k) | ($963k) | ($6.8m) | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | ($1.4m) | ($651k) | ($963k) | ($6.8m) | ($8.2m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $106.0m | $110.3m | $110.9m | $112.9m | $124.6m | |
| Deferred Income Tax Expense (Benefit) | ($29k) | ($28k) | ($20k) | — | — | — | ($3k) | $3k | $25k | $12k | $861k | |
| Deferred Tax | — | — | — | — | — | — | $875k | ($4.6m) | $631k | $1.2m | $861k | |
| Impairment | — | — | — | — | — | $29.4m | $0 | $49.6m | $16.4m | $20.3m | — | |
| Nonoperating Income (Expense) | — | — | ($46.5m) | ($68.8m) | ($57.8m) | ($19.2m) | ($6.7m) | ($64.1m) | ($58.2m) | ($60.2m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | ($358k) | ($755k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($10.8m) | $19.4m | ($14.7m) | $2.5m | $3.2m | |
| Change In Receivables | — | — | — | — | — | — | $2.2m | $1.6m | ($15.3m) | ($2.9m) | ($3.1m) | |
| Increase (Decrease) in Inventories | $20k | $358k | ($55k) | ($152k) | $225k | $653k | $2.2m | ($2.1m) | ($583k) | $1.1m | $410k | |
| Decrease (increase) in inventories | ($20k) | ($358k) | $55k | $152k | ($225k) | ($653k) | ($2.2m) | $2.1m | $583k | ($1.1m) | — | |
| Change In Inventory | — | — | — | — | — | — | ($2.2m) | $2.1m | $583k | ($1.1m) | $410k | |
| Increase (decrease) in trade accounts payable | $45k | $2.2m | ($1.3m) | ($2.1m) | $700k | $18k | $251k | $5.9m | ($4.4m) | $4.3m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $3.6m | $10.4m | ($2.5m) | $6.8m | $2.3m | |
| Decrease (increase) in accrued income | $4.0m | $1.4m | — | — | — | — | $1.4m | — | ($4.8m) | ($6.1m) | — | |
| Increase (decrease) in accrued expenses | ($1.7m) | $142k | ($1.1m) | $153k | ($1.9m) | $1.6m | $3.5m | $4.1m | ($4.2m) | $4.0m | $12.5m | |
| Change In Accrued Expense | — | — | — | — | — | — | $3.5m | $4.1m | ($4.2m) | $4.0m | $12.5m | |
| Decrease (increase) in other current assets | ($110k) | ($1.7m) | $3.3m | ($912k) | ($1.9m) | ($117k) | ($9.7m) | $6.7m | ($4.4m) | $1.3m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($9.7m) | $6.7m | ($4.4m) | $1.3m | ($3.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $108.4m |
$154.6m
+42.55%
|
$148.6m
-3.84%
|
$165.7m
+11.47%
|
$169.2m
+2.14%
|
$166.4m
-1.67%
|
$100.9m
-39.34%
|
$131.6m
+30.41%
|
$137.1m
+4.18%
|
$155.7m
+13.56%
|
$153.1m
-1.66%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | — | $703k | $1.3m | $5.2m | |
| Additions to vessel and equipment | ($846k) | ($849k) | $15.5m | — | ($339k) | ($11.5m) | ($3.3m) | ($2.8m) | ($945k) | ($281k) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | $26.0m | ($32.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($14.0m) | ($94.9m) | ($15.5m) | — | ($21.4m) | ($11.5m) | ($35.5m) | ($2.8m) | ($338k) | ($25.3m) | ($26.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $61.0m | $297.7m | $528.0m | — | — | — | — | — | — | — | ($203.6m) | |
| Proceeds from Issuance of Long-term Debt | $30.0m | $211.5m | $497.8m | — | $33.0m | $444.3m | $167.0m | $250.0m | $60.0m | $117.0m | $142.0m | |
| Proceeds from long-term debt | $30.0m | $211.5m | $497.8m | — | $33.0m | $444.3m | $167.0m | $250.0m | $60.0m | $117.0m | — | |
| Repayment of long-term debt | ($61.0m) | ($297.7m) | ($528.0m) | ($84.5m) | ($92.8m) | ($505.8m) | ($166.6m) | ($349.6m) | ($182.4m) | ($210.9m) | — | |
| Payment of debt issuance cost | ($174k) | ($1.2m) | ($5.3m) | $21k | ($90k) | ($5.2m) | ($889k) | ($2.5m) | ($521k) | ($1.3m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $167.0m | $250.0m | $60.0m | $117.0m | $142.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $167.0m | $250.0m | $60.0m | $117.0m | $142.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($166.6m) | ($349.6m) | ($182.4m) | ($210.9m) | ($203.6m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $391k | ($99.6m) | ($122.4m) | ($93.9m) | ($86.6m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $391k | ($99.6m) | ($122.4m) | ($93.9m) | ($86.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($166.6m) | ($349.6m) | ($182.4m) | ($210.9m) | ($203.6m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $3.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $60.2m | $69.0m | — | — | — | — | — | — | — | — | ($10.4m) | |
| Common Stock Issuance | — | — | — | — | — | $525k | $0 | $0 | $0 | ($3.0m) | $0 | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($3.0m) | ($3.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $976k | $0 | $0 | — | — | $525k | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($3.0m) | ($3.0m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($79.5m) | ($10.4m) | ($10.4m) | ($10.4m) | ($10.4m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($889k) | ($2.5m) | ($521k) | ($1.3m) | ($909k) | |
| Net Cash Provided by (Used in) Financing Activities | ($90.3m) |
($41.4m)
+54.20%
|
($137.4m)
-232.00%
|
($163.8m)
-19.27%
|
($139.3m)
+15.01%
|
($145.1m)
-4.23%
|
($80.0m)
+44.91%
|
($112.5m)
-40.69%
|
($133.3m)
-18.50%
|
($108.6m)
+18.52%
|
($101.4m)
+6.68%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($57k) | $90k | ($4.4m) | $1.8m | $9.1m | $9.7m | ($14.7m) | $16.3m | $3.0m | $22.1m | $92.5m | |
| Cash and cash equivalents at the beginning of the period | $23.6m | $27.7m | $41.7m | $43.5m | $52.6m | $62.3m | $47.6m | $63.9m | $66.9m | $89.0m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $62.3m | $47.6m | $63.9m | $66.9m | $67.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $41.7m | $43.5m | $52.6m | $62.3m | $47.6m | $63.9m | $66.9m | $89.0m | $92.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($57k) | $90k | ($169k) | ($30k) | $510k | ($18k) | ($174k) | ($10k) | ($475k) | $234k | $134k | |
| Effect of exchange rate changes on cash | ($57k) | $90k | ($169k) | ($30k) | $510k | ($18k) | ($174k) | ($10k) | ($475k) | $234k | $134k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $31.0m | $25.1m | $37.3m | $69.3m | $65.7m | $60.4m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | $1.2m | $4.8m | $4.0m | ($17.8m) | ($25.7m) | $10.0m | $35.5m | $5.4m | $6.8m | ($924k) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($139k) | ($267k) | ($79k) | ($252k) | $57k | ($96k) | $220k | ($237k) | ($943k) | ($89k) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $93k | $45k | ($45k) | ($44k) | $507k | ($13k) | ($49k) | ($67k) | ($776k) | $609k | — | |
| Gain (Loss) on Sale of Derivatives | — | ($2.6m) | $2.3m | $879k | ($3.6m) | ($10.1m) | ($3.0m) | $14.6m | $15.5m | $9.5m | — | |
| General and Administrative Expense | $4.4m | $5.6m | $5.3m | $4.9m | $5.4m | $6.5m | $6.1m | $6.1m | $6.1m | $7.4m | — | |
| Goodwill | $0 | $0 | — | — | — | — | — | — | — | — | $0 | |
| Income Tax Expense (Benefit) | ($15k) | ($16k) | ($2k) | $9k | $10k | $488k | $875k | ($4.6m) | $631k | $1.2m | — | |
| Investment Income, Interest | $24k | $248k | $739k | $865k | $125k | $2k | $822k | $3.5m | $3.6m | $3.6m | — | |
| Operating Expenses | $91.5m | $123.8m | $150.8m | $154.8m | $156.1m | $207.6m | $202.4m | $265.6m | $246.4m | $281.1m | — | |
| Unrealized Gain (Loss) on Derivatives | $5.0m | $7.4m | $1.8m | ($18.7m) | ($22.0m) | $20.1m | $38.5m | ($9.2m) | ($8.7m) | ($10.4m) | — | |
| Drydocking expenditure | ($2.6m) | ($6.9m) | ($12.4m) | ($252k) | ($2.7m) | ($4.2m) | ($17.6m) | ($19.4m) | ($553k) | ($14.7m) | — | |
| Income taxes paid | ($255k) | ($219k) | ($190k) | ($132k) | ($87k) | ($83k) | ($422k) | ($665k) | ($41k) | ($127k) | — | |
| Unrealized loss on derivative instruments | ($5.0m) | ($7.4m) | ($2.1m) | $18.7m | $22.0m | ($20.1m) | ($38.5m) | $9.2m | $8.7m | $10.4m | — | |
| Unrealized (gain) loss on foreign currency transactions | $93k | $45k | $45k | $44k | ($507k) | $13k | $49k | $67k | $776k | ($609k) | — | |
| Gain from disposal of vessel | — | — | — | — | — | — | — | — | ($703k) | ($1.3m) | — | |
| Decrease (increase) in amounts due from related parties | ($33k) | $62.4m | ($49k) | ($1.5m) | ($3.0m) | $3.1m | $723k | $1.6m | ($10.4m) | $3.2m | — | |
| Increase (decrease) prepaid charter | $4.0m | $1.4m | ($3.2m) | $1.1m | ($1.5m) | $763k | ($4.7m) | ($1.5m) | $6.8m | ($1.6m) | — | |
| Increase (decrease) in amounts due to related parties | ($159k) | ($33.3m) | ($4.5m) | $142k | $597k | ($716k) | ($210k) | $389k | $6.1m | ($1.4m) | — | |
| Proceeds from asset swap (net cash) | — | — | — | — | — | — | — | — | $607k | $1.0m | — | |
| Acquisition of Daqing Knutsen (net of cash acquired) | ($13.1m) | ($94.0m) | ($15.4m) | — | ($21.1m) | — | ($32.2m) | — | — | ($26.0m) | — | |
| Cash distributions | ($60.2m) | ($69.0m) | ($79.3m) | ($79.3m) | ($79.3m) | ($79.4m) | ($79.5m) | ($10.4m) | ($10.4m) | ($10.4m) | — | |
| Net increase in cash and cash equivalents | $4.1m | $18.4m | ($4.4m) | $1.8m | $9.1m | $9.7m | ($14.7m) | $16.3m | $3.0m | $22.1m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($80.0m) | ($112.5m) | ($133.3m) | ($108.6m) | ($101.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.3m) | ($2.8m) | ($338k) | ($25.3m) | ($26.5m) | |
| Change In Account Payable | — | — | — | — | — | — | $251k | $5.9m | ($4.4m) | $4.3m | $2.3m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($14.7m) | $16.3m | $3.0m | $22.1m | — | |
| Change In Other Working Capital | — | — | — | — | — | $763k | ($4.7m) | — | — | — | ($1.6m) | |
| Change In Payable | — | — | — | — | — | — | $41k | $6.3m | $1.7m | $2.8m | $2.3m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($4.7m) | ($1.5m) | $6.8m | ($1.6m) | ($1.6m) | |
| Changes In Cash | — | — | — | — | — | — | ($14.5m) | $16.4m | $3.5m | $21.8m | $25.3m | |
| End Cash Position | — | — | — | — | — | — | $47.6m | $63.9m | $66.9m | $89.0m | $92.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($80.0m) |
($112.5m)
-40.69%
|
($133.3m)
-18.50%
|
($108.6m)
+18.52%
|
($101.4m)
+6.68%
|
|
| Free Cash Flow | — | — | — | — | — | — | $97.6m | $128.9m | $136.2m | $155.5m | $152.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($38.5m) | $9.2m | $8.7m | $10.4m | $5.6m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $0 | $0 | ($703k) | ($1.3m) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($35.5m) | ($2.8m) | ($338k) | ($25.3m) | ($26.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($32.2m) | $0 | $0 | ($26.0m) | ($32.2m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $49k | $67k | $776k | ($609k) | ($462k) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | — | $0 | $607k | $1.0m | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($3.3m) | ($2.8m) | ($945k) | ($281k) | ($462k) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $451k | $0 | $0 | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($38.4m) | $9.3m | $8.8m | $8.5m | $5.2m | |
| Other Non Cash Items | — | — | — | — | — | — | ($14.9m) | ($17.3m) | $1.2m | ($12.8m) | — | |
| Purchase Of Business | — | — | — | — | — | — | ($32.2m) | $0 | $0 | ($26.0m) | ($32.2m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($3.3m) | ($2.8m) | ($945k) | ($281k) | ($462k) | |
| Sale Of Investment | — | — | — | — | — | — | — | $0 | $607k | $1.0m | $0 |