← NORDIC AMERICAN TANKERS Ltd
| 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 | ($4.5m) |
($205.0m)
-4499.84%
|
($95.3m)
+53.50%
|
($10.4m)
+89.14%
|
$50.0m
+583.32%
|
($171.3m)
-442.43%
|
$15.1m
+108.81%
|
$98.7m
+553.67%
|
$46.6m
-52.75%
|
$12.3m
-73.69%
|
— | |
| Amortization of Debt Issuance Costs | $1.4m | $1.4m | $15.3m | $4.3m | $4.4m | $3.0m | $3.6m | $1.4m | $850k | $745k | — | |
| Depreciation | $90.9m | $100.7m | $60.7m | $64.0m | $67.8m | $68.4m | $50.4m | $51.4m | $56.2m | $57.7m | $57.7m | |
| Amortization of Deferred Finance Costs | $1.4m | $1.4m | $15.3m | $4.3m | $4.4m | $3.0m | $3.6m | $1.4m | $850k | $745k | — | |
| Share-based Payment Arrangement, Noncash Expense | $430k | $522k | $413k | $156k | $285k | $339k | $476k | $2.2m | $1.8m | $0 | $0 | |
| Share-based Compensation | $430k | $522k | $413k | $156k | $285k | $339k | $476k | $2.2m | $1.8m | $0 | $0 | |
| Equity Method Investment, Other than Temporary Impairment | $37.3m | $0 | $2.6m | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $19.0m | $0 | $0 | — | — | — | — | — | — | $0 | |
| Impairment Loss on Vessels | $0 | $110.5m | $2.2m | $0 | $0 | $60.3m | $314k | $0 | $0 | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $314k | $0 | $0 | $0 | $0 | |
| Income (Loss) from Equity Method Investments | $0 | — | ($7.7m) | $0 | $0 | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($11.1m) | ($20.8m) | ($48.9m) | ($42.3m) | ($31.1m) | ($26.8m) | ($26.7m) | ($29.1m) | ($30.7m) | ($34.0m) | — | |
| Other Nonoperating Income (Expense) | ($98k) | ($644k) | ($14.7m) | ($4.2m) | $255k | ($429k) | $312k | $137k | ($670k) | $118k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($31.6m) | ($4.7m) | $25.1m | ($17.3m) | ($17.3m) | |
| Increase (Decrease) in Accounts Receivable | ($10.1m) | $4.3m | $357k | $2.0m | ($18.1m) | $3.0m | $11.1m | $5.8m | ($10.1m) | $2.9m | ($2.9m) | |
| Accounts Receivables | $10.1m | ($4.3m) | ($357k) | ($2.0m) | $18.1m | ($3.0m) | ($11.1m) | ($5.8m) | $10.1m | ($2.9m) | ($2.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($11.1m) | ($5.8m) | $10.1m | ($2.9m) | ($2.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($11.1m) | ($5.8m) | $10.1m | ($2.9m) | ($2.9m) | |
| Increase (Decrease) in Inventories | $6.0m | $2.2m | ($2.8m) | $2.2m | ($3.1m) | $1.5m | $4.6m | $5.8m | ($9.3m) | ($2.0m) | $2.0m | |
| Inventory | ($6.0m) | ($2.2m) | $2.8m | ($2.2m) | $3.1m | ($1.5m) | ($4.6m) | ($5.8m) | $9.3m | $2.0m | $2.0m | |
| Accounts Payable and Accrued Liabilities | $668k | $1.1m | ($7.1m) | $10.1m | ($19.3m) | $11.7m | $230k | ($8.5m) | $4.0m | ($2.6m) | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $230k | ($8.5m) | $4.0m | ($2.6m) | ($2.6m) | |
| Prepaid Expenses and Other Current Assets | $415k | ($904k) | $1.8m | ($1.1m) | ($330k) | $286k | ($2.7m) | $2.6m | ($2.8m) | ($2.8m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($13.5m) | $12.8m | $4.6m | ($11.0m) | ($11.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $127.8m |
$31.7m
-75.16%
|
($16.1m)
-150.73%
|
$52.9m
+428.25%
|
$110.9m
+109.89%
|
($44.5m)
-140.07%
|
$24.1m
+154.28%
|
$139.4m
+477.79%
|
$128.2m
-8.09%
|
$19.8m
-84.53%
|
$19.8m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $5.7m | — | — | — | $6.0m | $0 | $0 | $16.6m | ($16.6m) | |
| Capital Expenditure | — | — | — | — | — | — | ($95.4m) | ($73.7m) | ($2.6m) | ($134.4m) | ($134.4m) | |
| Gain (Loss) on Investments | ($46.6m) | ($8.4m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | $0 | — | — | — | — | — | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $0 | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($186.8m) | ($46.5m) | $85.1m | ($2.3m) | ($17.5m) | ($3.5m) | ($14.3m) | ($73.7m) | ($2.6m) | ($87.7m) | ($47.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Borrowing activities | — | $0 | $0 | $300.0m | $29.3m | $0 | $0 | $0 | $0 | $190.7m | — | |
| Repayments on Borrowing Facility | — | $0 | $0 | ($14.3m) | ($67.9m) | ($30.8m) | ($93.9m) | ($44.5m) | ($12.1m) | ($8.2m) | — | |
| Transaction Costs Borrowing Facilities | ($130k) | ($13.1m) | $0 | ($6.9m) | ($320k) | ($1.1m) | $0 | ($669k) | $0 | ($2.5m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $88.0m | $54.0m | $0 | $190.7m | $112.2m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $88.0m | $54.0m | $0 | $190.7m | $112.2m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($105.4m) | ($59.2m) | ($32.7m) | ($34.5m) | ($36.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($17.4m) | ($5.2m) | ($32.7m) | $156.2m | $76.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($17.4m) | ($5.2m) | ($32.7m) | $156.2m | $76.2m | |
| Repayment Of Debt | — | — | — | — | — | — | ($105.4m) | ($59.2m) | ($32.7m) | ($34.5m) | ($36.0m) | |
| Payments of Ordinary Dividends, Common Stock | $125.7m | $54.2m | $9.9m | $14.3m | $67.2m | $9.7m | $22.7m | $89.8m | $87.7m | $84.7m | ($99.5m) | |
| Proceeds from Issuance of Common Stock | $120.1m | $103.7m | $0 | $17.9m | $20.7m | $80.1m | $49.1m | $0 | $8.9m | $0 | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | ($9.7m) | ($22.7m) | — | — | — | ($52.1m) | |
| Common Stock Issuance | — | — | — | — | — | — | $49.1m | $0 | $8.9m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($3.5m) | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $49.1m | $0 | $8.9m | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($3.5m) | $0 | $0 | |
| Dividends Payable, Current | — | — | — | — | — | — | — | $12.5m | $8.5m | $0 | — | |
| Payments of Dividends | $125.7m | $59.1m | $9.9m | $14.3m | $67.2m | $9.7m | — | $89.8m | $75.1m | $76.2m | ($99.5m) | |
| Dividends Distributed | ($125.7m) | ($54.2m) | ($9.9m) | ($14.3m) | ($67.2m) | ($9.7m) | ($22.7m) | ($89.8m) | ($87.7m) | ($84.7m) | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($22.7m) | ($89.8m) | ($87.7m) | ($84.7m) | ($99.5m) | |
| Net Other Financing Charges | — | — | — | — | — | ($1.1m) | — | ($669k) | — | ($2.5m) | ($2.5m) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($19.0m) |
($78.0m)
-311.53%
|
($38.3m)
+50.98%
|
($93.1m)
-143.33%
|
$30.5m
+132.78%
|
$9.0m
-70.49%
|
($95.7m)
-1162.43%
|
($115.1m)
-20.26%
|
$69.0m
+159.97%
|
($25.8m)
-137.41%
|
|
| Net Increase / (Decrease) in Cash, Cash Equivalents, and Restricted Cash | — | ($33.7m) | ($9.1m) | $12.3m | $393k | ($17.4m) | $18.8m | ($29.9m) | $10.5m | $1.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($33.7m) | ($9.1m) | $12.3m | $393k | ($17.4m) | $18.8m | ($29.9m) | $10.5m | $1.1m | $80.8m | |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | — | $58.4m | $49.3m | $61.6m | $62.1m | $44.6m | $63.3m | $33.4m | $44.4m | $45.9m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $44.6m | $63.3m | $33.4m | $44.4m | $103.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($33.7m) | ($9.1m) | $61.6m | $62.1m | $44.6m | $63.3m | $33.4m | $44.4m | $45.9m | $80.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $15k | ($64k) | $51k | $23k | $39k | ($12k) | ($142k) | ($44k) | $536k | $361k | $367k | |
| Restricted Cash | $10.1m | $0 | $0 | $12.8m | $4.2m | $9.9m | $3.7m | $2.3m | $5.2m | $0 | — | |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | $15k | ($64k) | $51k | $23k | $39k | ($12k) | ($142k) | ($44k) | $536k | $361k | $367k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $9.8m | $19.5m | $32.3m | $35.6m | $27.1m | $23.4m | $23.5m | $29.0m | $29.9m | $35.0m | — | |
| Income Taxes Paid, Net | $96k | $102k | $83k | $79k | $71k | $64k | $59k | $23k | $10k | $33k | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | ($3.2m) | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | ($6.6m) | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | $0 | $0 | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $12.3m | $12.6m | $12.7m | $13.5m | $17.6m | $15.6m | $18.8m | $22.9m | $28.8m | $28.1m | — | |
| Goodwill | $19.0m | $0 | — | — | — | — | — | — | — | — | $0 | |
| Income Tax Expense (Benefit) | $102k | $83k | $79k | $71k | $64k | $59k | $23k | $120k | ($10k) | $48k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $30.7m | $35.8m | — | |
| Investment Income, Interest | — | — | $334k | $298k | $96k | $3k | $0 | $1.3m | $731k | $1.6m | — | |
| Operating Costs and Expenses | $80.3m | $87.7m | $80.4m | $66.0m | $66.9m | $67.7m | $63.4m | $60.0m | $62.8m | $66.9m | — | |
| Payments of Financing Costs | $130k | $13.1m | $0 | $6.9m | $320k | $1.1m | $0 | $669k | $0 | $2.5m | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $25.0m | $75.0m | $130k | $88k | $195k | $406.1m | — | |
| Gain on Disposal of Vessels | — | — | — | — | $0 | $0 | ($6.0m) | $0 | $0 | ($16.6m) | — | |
| Drydock Expenditure | ($15.4m) | ($18.8m) | ($5.2m) | ($4.2m) | ($21.0m) | ($7.3m) | ($8.2m) | ($9.5m) | ($1.9m) | ($17.3m) | — | |
| Other, net | $0 | ($163k) | $22k | ($66k) | ($739k) | $502k | $84k | ($150k) | ($590k) | $273k | — | |
| Voyages in Progress | $1.7m | $20.3m | ($5.1m) | $2.0m | $8.5m | ($5.8m) | ($13.5m) | $12.8m | $4.6m | ($11.0m) | — | |
| Investment in Vessels | ($138.3m) | ($37.6m) | ($4.8m) | ($2.5m) | ($6.8m) | ($3.9m) | ($5.1m) | ($73.5m) | ($870k) | ($134.4m) | — | |
| Investment in other Fixed Assets | ($87k) | $0 | ($60k) | $0 | ($233k) | ($589k) | $0 | ($144k) | ($1.8m) | $0 | — | |
| Proceeds from Sale of Vessels | $0 | $0 | $89.6m | $0 | $0 | $14.3m | $81.1m | $0 | $0 | $46.8m | — | |
| Repurchase of Equity Awards | — | — | — | — | — | — | $0 | $0 | ($3.5m) | $0 | — | |
| Proceeds from Vessel Financing | $0 | $0 | $12.5m | $0 | $0 | $0 | $88.0m | $54.0m | $0 | $0 | — | |
| Repayment of Vessel financing | $0 | $0 | ($2.4m) | ($7.3m) | ($7.6m) | ($8.0m) | ($11.5m) | ($14.7m) | ($20.7m) | ($26.2m) | — | |
| Cash and Cash Equivalents | $82.2m | $58.4m | $49.3m | $48.8m | $57.8m | $34.7m | $59.6m | $31.1m | $39.2m | $45.9m | $103.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $9.0m | ($95.7m) | ($115.1m) | $69.0m | ($25.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($14.3m) | ($73.7m) | ($2.6m) | ($87.7m) | ($47.1m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $18.8m | ($29.9m) | $10.5m | $1.1m | — | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($2.7m) | $2.6m | ($2.8m) | ($2.8m) | ($2.8m) | |
| Changes In Cash | — | — | — | — | — | — | $18.8m | ($29.9m) | $10.5m | $1.1m | ($22.5m) | |
| End Cash Position | — | — | — | — | — | — | $63.3m | $33.4m | $44.4m | $45.9m | $80.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $9.0m |
($95.7m)
-1162.43%
|
($115.1m)
-20.26%
|
$69.0m
+159.97%
|
($25.8m)
-137.41%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($71.3m) | $65.8m | $125.5m | ($114.6m) | ($83.8m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($6.0m) | $0 | $0 | ($16.6m) | ($16.6m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($14.3m) | ($73.7m) | ($2.6m) | ($87.7m) | ($47.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($14.3m) | ($73.7m) | ($2.6m) | ($87.7m) | ($60.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($6.0m) | — | — | ($16.6m) | ($16.6m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($4.5m) | ($8.2m) | ($1.6m) | ($16.3m) | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($95.4m) | ($73.7m) | ($2.6m) | ($134.4m) | ($134.4m) | |
| Sale Of Investment | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Sale Of PPE | — | — | — | — | — | — | $81.1m | $0 | $0 | $46.8m | $73.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $476k | $2.2m | $1.8m | $0 | $0 | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | $0 | $0 | — | — | — | — |