← New Fortress Energy Inc.
| Annual Trend | 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 From Continuing Operations | — | — | — | — | — | $184.8m | $548.2m | ($244.5m) | ($1.8b) | ($1.9b) | |
| Net Income (Loss) Attributable to Parent | — | ($78.1m) |
($33.8m)
+56.70%
|
($182.1m)
-438.75%
|
$97.1m
+153.31%
|
$194.5m
+100.28%
|
$547.9m
+181.72%
|
($251.2m)
-145.85%
|
($1.8b)
-633.95%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | $97.1m |
$194.5m
+100.28%
|
$547.9m
+181.72%
|
($270.1m)
-149.30%
|
($1.8b)
-583.03%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($78.2m) | ($196.3m) | ($264.0m) | $92.7m | $184.8m | $548.9m | ($242.4m) | ($1.8b) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($106k) | ($170.5m) | ($81.8m) | ($4.4m) | ($9.7m) | $994k | $6.7m | $11.7m | — | |
| Depreciation, Depletion and Amortization | $3.2m | $4.0m | $8.6m | $33.3m | $99.5m | $143.6m | $187.3m | $162.5m | $242.3m | $222.4m | |
| Amortization of Debt Issuance Costs | — | $4.0m | $5.9m | $10.5m | $14.1m | — | — | — | — | — | |
| Amortization of Intangible Assets | — | $134k | $1.1m | $1.1m | $18.6m | $37.2m | $26.9m | $12.2m | $13.5m | — | |
| Depreciation | $3.2m | $3.9m | $7.5m | $32.1m | $80.2m | $104.8m | $141.1m | $144.2m | $227.4m | $222.4m | |
| Amortization of deferred financing costs and debt guarantee, net | — | — | $5.9m | $10.5m | $14.1m | $2.5m | $6.6m | $33.2m | $54.0m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | $143.6m | $161.4m | $159.3m | $242.3m | $222.4m | |
| Deferred Income Tax Expense (Benefit) | — | ($345k) | $392k | $2.8m | ($8.8m) | ($279.5m) | $14.9m | $5.5m | $25.8m | $4.3m | |
| Deferred taxes | $521k | ($345k) | $392k | $2.8m | ($8.8m) | ($279.5m) | $14.9m | $5.5m | $25.8m | — | |
| Deferred Income Tax | — | — | — | — | — | ($279.5m) | $13.8m | ($3.3m) | $25.8m | $4.3m | |
| Deferred Tax | — | — | — | — | — | ($279.5m) | $13.8m | ($3.3m) | $25.8m | $4.3m | |
| Share-based Payment Arrangement, Noncash Expense | — | $0 | $41.2m | $8.7m | $37.0m | $30.4m | $1.6m | $50.6m | $14.5m | $18.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $6.4m | $30.1m | $72.6m | $9.5m | — | — | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $50.6m | $14.5m | $18.3m | |
| Share-based compensation | $0 | $0 | $41.2m | $8.7m | $37.0m | $30.4m | $1.6m | $50.6m | $14.5m | $18.3m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | $487.8m | $5.3m | $0 | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $598.1m | $815.5m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $0 | $0 | $0 | $0 | — | — | — | — | — | |
| Asset impairment expense | — | — | — | $0 | $0 | $50.7m | $11.0m | $16.5m | $860.9m | — | |
| Goodwill impairment expense | — | — | — | — | — | — | $0 | $0 | $598.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | $50.7m | $11.0m | $16.5m | $1.5b | $815.5m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | ($500.1m) | ($37.4m) | ($7.2m) | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | $14.4m | ($472.2m) | $10.0m | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | — | $784k | $2.8m | ($5.0m) | $17.1m | $48.0m | ($10.4m) | ($113.1m) | $147.6m | — | |
| Sale of equity method investment | — | — | — | $0 | $0 | $500.1m | $100.0m | $136.4m | $0 | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | ($14.4m) | $472.2m | $27.4m | $7.2m | — | $0 | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | ($104.8m) | $183.9m | $171.6m | $152.1m | $466.1m | |
| (Increase) decrease in receivables | ($3.1m) | ($9.5m) | ($19.8m) | ($26.8m) | ($123.6m) | ($139.9m) | ($41.0m) | $64.7m | ($216.4m) | ($54.4m) | |
| Change In Receivables | — | — | — | — | — | ($139.9m) | ($41.6m) | $67.7m | ($216.4m) | ($54.4m) | |
| Increase (Decrease) in Inventories | — | $4.8m | $50.3m | ($23.2m) | $11.2m | $7.9m | $39.8m | $2.8m | $38.4m | ($46.2m) | |
| Inventory Write-down | — | $0 | $251k | $0 | $0 | $0 | $6.2m | — | — | — | |
| (Increase) in inventories | ($3.5m) | ($4.8m) | ($50.3m) | $23.2m | ($11.2m) | ($7.9m) | ($39.8m) | ($2.8m) | ($38.4m) | — | |
| Change In Inventory | — | — | — | — | — | ($7.9m) | ($42.3m) | ($251k) | ($38.4m) | ($46.2m) | |
| Increase in accounts payable/accrued liabilities | ($110k) | $12.2m | $3.0m | $55.5m | $17.5m | $67.7m | $78.1m | $187.8m | $513.5m | — | |
| Changes in accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions | $8.0m | $74.3m | ($48.1m) | ($12.8m) | $108.8m | $284.4m | $322.6m | ($267.4m) | ($183.8m) | — | |
| Accounts payable and accrued liabilities associated with construction in progress and property, plant and equipment additions | — | — | — | — | — | $422.4m | $738.2m | $463.7m | $233.8m | $546.3m | |
| Accrued dividend | — | — | — | $0 | $0 | $626.3m | $0 | $20.5m | $0 | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | $29.4m | ($77.6m) | $670.9m | — | |
| Increase (Decrease) in Other Operating Assets | — | $28.3m | $39.3m | $35.9m | $1.8m | $30.1m | ($41.8m) | $65.4m | $62.0m | — | |
| Other | $1.3m | $439k | $131k | $4.3m | ($5.3m) | ($14.2m) | $21.4m | $153.3m | $93k | — | |
| (Increase) decrease in other assets | ($21.7m) | ($28.3m) | ($39.3m) | ($35.9m) | ($1.8m) | ($30.1m) | $41.8m | ($65.4m) | ($62.0m) | — | |
| Increase (decrease) in other liabilities | ($1.4m) | $1.7m | $10.7m | $8.4m | ($21.4m) | $5.3m | $141.3m | ($37.2m) | ($32.0m) | — | |
| Change In Other Current Assets | — | — | — | — | — | $33.5m | $126.7m | $92.9m | $1.4m | ($30.6m) | |
| Change In Other Current Liabilities | — | — | — | — | — | ($58.2m) | $52.0m | ($182.9m) | ($108.1m) | $51.1m | |
| Net Cash Provided by (Used in) Operating Activities | ($54.9m) |
($93.2m)
-69.84%
|
($234.3m)
-151.28%
|
($125.6m)
+46.40%
|
$84.8m
+167.51%
|
$355.1m
+318.91%
|
$824.8m
+132.25%
|
$586.7m
-28.86%
|
($583.4m)
-199.43%
|
($525.4m)
+9.93%
|
|
| Cash flows from investing activities: | |||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | $392k | — | ($196.2m) | |
| Payments to Acquire Property, Plant, and Equipment | ($28.7m) | $181.2m | $377.1m | $157.0m | $669.3m | $1.2b | $3.0b | $2.6b | $650.8m | ($232.9m) | |
| Payments made for capital expenditures paid beyond customary vendor payment terms | — | — | — | — | — | — | ($103.9m) | ($506.1m) | ($257.9m) | — | |
| Capital Expenditure Reported | — | — | — | — | — | ($1.2b) | ($2.9b) | ($2.1b) | ($650.8m) | ($232.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $4.0m | $0 | $0 | $1.6b | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $636k | $9.4m | $1.8m | ($9.2m) | ($22.9m) | ($4.7m) | — | |
| Other investing activities | — | $724k | $887k | ($636k) | ($9.4m) | ($1.8m) | $9.2m | $22.9m | $4.7m | — | |
| Net Other Investing Changes | — | — | — | — | — | ($1.8m) | $25.7m | $351.9m | $4.7m | $4.7m | |
| Net Cash Provided by (Used in) Investing Activities | ($29.9m) | ($184.5m) | ($376.2m) | ($157.6m) | ($2.3b) | ($82.7m) | ($2.9b) | ($2.1b) | $465.8m | ($70.6m) | |
| Cash flows from financing activities: | |||||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($9.6m) | $0 | ($33.1m) | ($11.0m) | ($15.0m) | $0 | ($270.1m) | ($19.9m) | — | |
| Loss on extinguishment of debt, net | $0 | $3.2m | $0 | — | ($11.0m) | ($15.0m) | $0 | ($270.1m) | $19.9m | — | |
| Proceeds from borrowings of debt | $0 | $280.6m | $347.9m | $2.1b | $2.4b | $2.0b | $3.0b | $5.9b | $1.4b | — | |
| Preferred shares issued and debt assumed in PortoCem acquisition | — | — | — | — | — | $0 | $0 | ($125.2m) | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | $2.0b | $3.0b | $5.9b | $1.4b | $1.3b | |
| Long Term Debt Issuance | — | — | — | — | — | $2.0b | $3.0b | $5.9b | $1.4b | $1.3b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $511.2m | $2.3b | $2.1b | ($231.3m) | $369.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $511.2m | $2.3b | $2.1b | ($231.3m) | $369.1m | |
| Repayment of debt | ($5.8m) | ($76.5m) | ($5.0m) | ($1.5b) | ($461.0m) | ($1.5b) | ($686.5m) | ($3.8b) | ($1.6b) | ($890.8m) | |
| Long Term Debt Payments | — | — | — | — | — | ($1.5b) | ($695.7m) | ($3.8b) | ($1.6b) | ($890.8m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $0 | $386.6m | $0 | $0 | |
| Proceeds from Issuance of Common Stock | — | — | — | $292.0m | $0 | — | — | $386.6m | $0 | $0 | |
| Common Stock Issuance | — | — | — | — | — | $0 | $0 | $386.6m | $0 | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | ($99.0m) | ($724.0m) | ($65.3m) | ($3.5m) | ($458k) | |
| Dividends paid | — | — | — | $34 | $89 | $99 | $724 | $65 | $3 | ($458k) | |
| Dividends Payable, Current | — | — | — | — | — | $626.3m | $0 | — | $0 | — | |
| Payment of dividends | — | $0 | $0 | ($33.7m) | ($88.8m) | ($99.0m) | ($724.0m) | ($65.3m) | ($3.5m) | — | |
| Deemed dividend related to Series B preferred stock | — | — | — | — | — | $0 | $0 | ($17.6m) | $0 | — | |
| Cash Dividends Paid | — | — | — | — | — | ($99.0m) | ($724.0m) | ($65.3m) | ($3.5m) | ($458k) | |
| Dividend Received CFO | — | — | — | — | $21.4m | $29.4m | $5.8m | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | $0 | $0 | ($18.6m) | ($14.2m) | ($22.5m) | — | |
| Net Other Financing Charges | — | — | — | — | — | ($90.2m) | ($169.9m) | ($667.0m) | ($308.8m) | ($105.4m) | |
| Net cash (used in) provided by financing activities | $14.0m |
$260.2m
+1763.93%
|
$602.6m
+131.59%
|
$819.5m
+35.99%
|
$1.8b
+121.71%
|
$322.0m
-82.28%
|
$1.5b
+374.89%
|
$2.2b
+45.50%
|
($543.6m)
-124.44%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $260.2m |
$602.6m
+131.59%
|
$819.5m
+35.99%
|
$1.8b
+121.71%
|
$322.0m
-82.28%
|
$1.5b
+374.89%
|
$2.2b
+45.50%
|
($543.6m)
-124.44%
|
$263.2m
+148.42%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | ($70.8m) | ($17.5m) | ($7.8m) | $536.3m | ($365.3m) | $591.1m | ($544.3m) | $654.8m | ($608.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($17.5m) | ($7.8m) | $536.3m | ($365.3m) | $591.1m | ($544.3m) | $654.8m | ($608.6m) | $488.6m | |
| Beginning Cash Position | — | — | — | — | — | $264.0m | $855.1m | $310.8m | $965.6m | $821.4m | |
| Cash, cash equivalents and restricted cash – beginning of period | $118.3m | $100.9m | $93.0m | $629.3m | $264.0m | $855.1m | $310.8m | $965.6m | $356.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $100.9m | $93.0m | $629.3m | $264.0m | $855.1m | $310.8m | $965.6m | $356.9m | $488.6m | |
| Current restricted cash | — | — | — | — | $68.6m | $165.4m | $155.4m | $472.7m | $130.5m | — | |
| Impact of changes in foreign exchange rates on cash and cash equivalents | — | — | $0 | $0 | $6.5m | ($3.3m) | $6.2m | ($81.9m) | $52.6m | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($3.3m) | $6.2m | ($81.9m) | $52.6m | $11.6m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | $29.4m | ($77.6m) | $670.9m | — | |
| Income Tax Expense (Benefit) | — | ($338k) | $439k | $4.8m | $12.5m | ($123.4m) | $115.5m | $69.5m | $61.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $328.4m | $777.8m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | $328.4m | $276.1m | $194.9m | $174.8m | — | |
| Additional Financial Items | |||||||||||
| Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount | — | — | — | — | ($28.0m) | ($23.6m) | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | ($2.7m) | ($1.1m) | — | $8.3m | ($1.1m) | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | $0 | $280k | $2.5m | — | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | ($4.8m) | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | $140k | — | — | — | — | — | — | — | — | |
| Goodwill | — | — | — | — | $760.1m | $776.8m | $776.8m | $766.4m | $0 | $815.5m | |
| Operating Costs and Expenses | — | — | — | — | $51.7m | $63.5m | $45.4m | $33.4m | $26.6m | — | |
| Payments of Financing Costs | — | $14.0m | $8.3m | $36.5m | $37.8m | — | $37.8m | $146.7m | $28.3m | — | |
| Proceeds from Contributed Capital | — | $20.1m | $0 | $0 | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | $0 | $121k | — | — | — | — | ($22.1m) | — | — | |
| Net (loss) income | ($31.7m) | ($78.2m) | ($204.3m) | ($264.0m) | $92.7m | $184.8m | $548.9m | ($242.4m) | ($1.8b) | — | |
| Earnings recognized from vessels chartered to third parties transferred to Energos | — | — | — | $0 | $0 | ($49.7m) | ($157.0m) | ($95.5m) | ($48.3m) | — | |
| (Gain) loss on sale of assets, net | — | — | — | — | $0 | $0 | ($29.4m) | $77.6m | ($670.9m) | — | |
| Decrease in right-of-use assets | — | $0 | $0 | $41.5m | $28.6m | $63.6m | $83.5m | $164.1m | $63.4m | — | |
| (Decrease) in lease liabilities | — | $0 | $0 | ($42.1m) | ($36.1m) | ($63.5m) | ($74.6m) | ($160.6m) | ($76.1m) | — | |
| Sale of Jamaica Business | — | — | — | — | — | — | $0 | $0 | $961.9m | — | |
| Sale of vessels to Energos | — | — | — | — | — | — | $0 | $0 | $150.0m | — | |
| Other asset sales | — | — | — | — | — | $0 | $16.5m | $329.0m | $0 | — | |
| Sale of Miami Facility | — | — | — | — | — | $0 | $0 | $58.3m | $0 | — | |
| Payment of deferred financing costs | $0 | ($14.0m) | ($8.3m) | ($36.5m) | ($37.8m) | ($17.6m) | ($37.8m) | ($146.7m) | ($28.3m) | — | |
| Issuance of Class A stock | — | — | $0 | $292.0m | $0 | $0 | $0 | $386.6m | $0 | — | |
| Principal payments on financing obligation paid to Energos by third party charters | — | — | — | $0 | $0 | ($24.9m) | ($66.9m) | ($21.7m) | ($30.8m) | — | |
| Non-cash settlement of Vessel Financing Obligation | — | — | — | — | — | — | $0 | $0 | $734.2m | — | |
| Proceeds held in escrow | — | — | — | — | — | — | $0 | $0 | $58.0m | — | |
| Fair value of contingent payments in the Lins acquisition | — | — | — | — | — | $0 | $0 | $8.1m | $0 | — | |
| Non-cash financing costs | — | — | — | $0 | $0 | $46.4m | $0 | $181.9m | $0 | — | |
| Consideration received on asset sale | — | — | — | — | $0 | $0 | $27.7m | $0 | $0 | — | |
| Shares received in Hilli Exchange | — | — | — | — | $0 | $0 | ($122.8m) | $0 | $0 | — | |
| Investment in Energos | — | — | — | $0 | $0 | $129.5m | $1.5m | $0 | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $322.0m | $1.4b | $1.7b | ($543.6m) | $263.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($82.7m) | ($2.8b) | ($1.6b) | $465.8m | ($70.6m) | |
| Change In Account Payable | — | — | — | — | — | $67.7m | $89.1m | $194.2m | $513.5m | $546.3m | |
| Change In Payable | — | — | — | — | — | $67.7m | $89.1m | $194.2m | $513.5m | $546.3m | |
| Changes In Cash | — | — | — | — | — | $594.3m | ($550.4m) | $736.7m | ($661.3m) | ($332.8m) | |
| End Cash Position | — | — | — | — | — | $855.1m | $310.8m | $965.6m | $356.9m | $488.6m | |
| Financing Cash Flow | — | — | — | — | — | $322.0m |
$1.4b
+342.62%
|
$1.7b
+20.59%
|
($543.6m)
-131.63%
|
$263.2m
+148.42%
|
|
| Free Cash Flow | — | — | — | — | — | ($818.9m) | ($2.1b) | ($1.5b) | ($1.2b) | ($758.4m) | |
| Gain Loss On Investment Securities | — | — | — | — | ($8.7m) | ($125.2m) | ($3.2m) | — | — | $2.5m | |
| Investing Cash Flow | — | — | — | — | — | ($82.7m) | ($2.8b) | ($1.6b) | $465.8m | ($70.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $500.1m | $100.0m | $194.7m | $961.9m | $12.4m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $150.0m | $653k | |
| Operating Gains Losses | — | — | — | — | — | $487.2m | ($28.0m) | $350.3m | ($651.0m) | ($196.2m) | |
| Other Non Cash Items | — | — | — | — | — | ($107.4m) | ($73.4m) | $101.8m | $5.8m | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | $869k | $203k | $14.0m | — | $14.0m | |
| Purchase Of Business | — | — | — | — | ($1.6b) | $0 | $0 | — | — | — | |
| Sale Of Business | — | — | — | — | — | $500.1m | $100.0m | $194.7m | $961.9m | $12.4m | |
| Sale Of PPE | — | — | — | — | — | — | $0 | $0 | $150.0m | $653k | |
| Stock Based Compensation | — | — | — | — | — | $30.4m | $1.6m | $50.6m | $14.5m | $18.3m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | ($8.5m) | — | — | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | — | — | — | — | — | $139.1m | $139.1m | $0 | — | |
| Net Investment Purchase And Sale | — | — | — | — | $0 | $593.0m | $0 | $0 | — | $0 | |
| Sale Of Investment | — | — | — | — | $0 | $593.0m | $0 | $0 | — | $0 | |
| Cash and cash equivalents | — | — | — | — | $187.5m | $675.5m | $155.4m | $492.9m | $226.5m | $821.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $591.1m | ($544.3m) | $654.8m | ($608.6m) | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $5.7m | $7.5m | $6.8m | $27.3m | $154.2m | $160.6m | $100.3m | $105.8m | $352.2m | — | |
| Income Taxes Paid, Net | — | $0 | $28k | $58k | $17.3m | $151.2m | $52.9m | $27.9m | $109.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.