← TSAKOS ENERGY NAVIGATION 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 | $55.8m |
$7.6m
-86.35%
|
($99.2m)
-1403.24%
|
$15.1m
+115.25%
|
$24.0m
+58.68%
|
($151.4m)
-730.78%
|
$204.2m
+234.90%
|
$300.2m
+46.98%
|
$176.2m
-41.29%
|
$160.9m
-8.70%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $39.9m |
($16.2m)
-140.50%
|
($133.0m)
-722.61%
|
($28.0m)
+78.92%
|
($15.1m)
+46.22%
|
($187.2m)
-1142.04%
|
$168.3m
+189.89%
|
$266.7m
+58.53%
|
$148.3m
-44.41%
|
$132.3m
-10.77%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $56.5m | $9.2m | ($101.0m) | $14.0m | $27.2m | ($150.6m) | $208.5m | $305.1m | $181.6m | $164.9m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $712k | $1.6m | ($1.8m) | ($1.1m) | $3.2m | $820k | $4.2m | $4.9m | $5.4m | $4.0m | — | |
| Depreciation and amortization | $113.4m | $139.0m | $146.8m | $139.4m | $137.1m | $143.3m | $140.8m | $144.2m | $159.9m | $170.1m | $148.3m | |
| Depreciation, Depletion and Amortization, Nonproduction | $113.4m | $139.0m | $146.8m | $139.4m | $137.1m | $143.3m | $140.8m | $144.2m | $159.9m | $170.1m | $148.3m | |
| Amortization | — | — | $9.8m | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $1.7m | $4.2m | $4.0m | $4.8m | $3.8m | $3.2m | $4.1m | $3.6m | $3.6m | $3.3m | — | |
| Depreciation | — | — | $137.0m | $128.8m | $127.3m | $126.8m | $120.5m | $122.8m | $138.4m | $148.3m | $148.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $121.6m | $123.1m | $139.8m | $148.3m | $148.3m | |
| Share-based Payment Arrangement, Noncash Expense | $510k | $487k | $0 | $0 | — | — | — | — | — | — | $7.1m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $8.1m | $7.1m | $7.1m | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $26.4m | $0 | $0 | $0 | |
| Nonoperating Income (Expense) | ($33.3m) | ($54.3m) | ($72.9m) | ($71.9m) | ($69.5m) | ($30.7m) | ($47.9m) | ($86.4m) | ($96.9m) | ($87.4m) | — | |
| Other Nonoperating Income (Expense) | $1.9m | $1.5m | $1.4m | ($825k) | $36k | ($18k) | $366k | ($176k) | $99k | ($26k) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($43.7m) | $26.7m | $45.8m | ($2.6m) | ($2.6m) | |
| Change In Receivables | — | — | — | — | — | — | ($35.2m) | $28.4m | $16.9m | $4.1m | $4.1m | |
| Increase (Decrease) in Inventories | $4.3m | ($2.5m) | $4.1m | ($7.4m) | $8.8m | $1.1m | $3.3m | ($3.7m) | ($3.6m) | ($6.4m) | $6.4m | |
| Change In Inventory | — | — | — | — | — | — | ($3.3m) | $3.7m | $3.6m | $6.4m | $6.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($18.7m) | ($14.6m) | $23.3m | $7.3m | ($10.9m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $8.3m | ($2.8m) | $10.3m | $18.2m | $18.2m | |
| Net Cash Provided by (Used in) Operating Activities | $170.4m |
$170.8m
+0.28%
|
$73.9m
-56.71%
|
$184.3m
+149.31%
|
$205.4m
+11.43%
|
$53.1m
-74.14%
|
$288.5m
+443.26%
|
$395.3m
+37.00%
|
$307.7m
-22.16%
|
$297.6m
-3.27%
|
$297.6m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | ($3.9m) | ($364k) | $0 | ($6.5m) | $5.8m | ($440k) | $81.2m | $48.7m | $12.5m | ($12.2m) | |
| Capital Expenditure | — | — | — | — | — | — | ($333.4m) | ($298.4m) | ($650.0m) | ($521.7m) | ($521.7m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $69k | — | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $166k | $144k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($576.1m) | ($241.8m) | ($179k) | ($102.2m) | ($94.6m) | ($8.0m) | ($301.8m) | ($137.4m) | ($441.6m) | ($458.1m) | ($458.1m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $411.6m | $400.1m | $508.8m | $556.9m | $383.7m | $318.9m | $494.2m | $426.3m | $226.1m | $317.7m | ($317.7m) | |
| Proceeds from Issuance of Long-term Debt | $777.5m | $397.1m | $352.9m | $494.4m | $348.9m | $189.8m | $701.1m | $411.4m | $410.6m | $490.9m | $490.9m | |
| Issuance Of Debt | — | — | — | — | — | — | $701.1m | $411.4m | $410.6m | $490.9m | $490.9m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $701.1m | $411.4m | $410.6m | $490.9m | $490.9m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($494.2m) | ($426.3m) | ($226.1m) | ($317.7m) | ($317.7m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $206.9m | ($14.9m) | $184.5m | $173.1m | $173.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $206.9m | ($14.9m) | $184.5m | $173.1m | $173.1m | |
| Repayment Of Debt | — | — | — | — | — | — | ($494.2m) | ($426.3m) | ($226.1m) | ($317.7m) | ($317.7m) | |
| Payments for Repurchase of Common Stock | $20.7m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | $16.6m | $3.5m | $53.5m | $43.8m | $0 | $0 | — | $0 | |
| Common Stock Issuance | — | — | — | — | — | $53.5m | $43.8m | $0 | $0 | — | $0 | |
| Common Stock Payments | — | — | — | — | — | ($168k) | $0 | $0 | — | — | — | |
| Issuance Of Capital Stock | — | — | — | — | — | $77.2m | $44.0m | $0 | $0 | — | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($2.5m) | ($108.3m) | $0 | $0 | $0 | |
| Dividends paid | $40.4m | $39.9m | $44.4m | $49.3m | $46.7m | $36.3m | $43.7m | $61.9m | $71.8m | $60.1m | ($60.1m) | |
| Dividends Payable, Current | — | — | — | — | — | — | — | — | — | $15.1m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($43.7m) | ($61.9m) | ($71.8m) | ($60.1m) | ($60.1m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($9.2m) | ($5.5m) | ($7.2m) | ($2.7m) | ($2.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $303.8m |
$73.0m
-75.99%
|
($55.9m)
-176.64%
|
($104.9m)
-87.61%
|
($136.8m)
-30.41%
|
($89.7m)
+34.44%
|
$195.5m
+318.02%
|
($190.6m)
-197.47%
|
$105.5m
+155.38%
|
$110.3m
+4.52%
|
$110.3m
0.00%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $127.2m | $309.4m | $376.7m | $348.3m | $348.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($107.2m) | $4.9m | $220.5m | $197.8m | $171.8m | $127.2m | $309.4m | $376.7m | $348.3m | $298.1m | $298.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $35.3m | $56.6m | $67.9m | $70.8m | $53.8m | $40.8m | $48.9m | $101.3m | $108.6m | $94.0m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | $5.2m | $3.7m | ($10.3m) | $820k | ($8.1m) | $12.1m | $5.9m | $5.9m | $3.5m | ($254k) | — | |
| General and Administrative Expense | $25.6m | $26.3m | $27.0m | $27.7m | $29.0m | $29.1m | $29.9m | $33.3m | $45.4m | $42.1m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $27.2m | ($150.6m) | $208.5m | $305.1m | $181.6m | $164.9m | — | |
| Investment Income, Interest | $623k | $1.1m | $2.5m | $3.7m | $1.1m | $703k | $2.0m | $14.6m | $15.1m | $10.5m | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | $194.9m | $198.0m | $211.0m | — | |
| Payments of Financing Costs | $6.4m | $3.2m | $4.3m | $3.6m | $3.0m | $1.3m | $6.3m | $4.0m | $4.8m | $1.8m | — | |
| Proceeds from Contributed Capital | $0 | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | $10.0m | $4.0m | $0 | $0 | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | $0 | $0 | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $195.5m | ($190.6m) | $105.5m | $110.3m | $110.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($301.8m) | ($137.4m) | ($441.6m) | ($458.1m) | ($458.1m) | |
| Change In Account Payable | — | — | — | — | — | — | ($27.1m) | ($11.8m) | $13.0m | ($10.9m) | ($10.9m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $182.2m | $67.3m | ($28.4m) | ($50.2m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $18.5m | $6.3m | $5.5m | ($19.5m) | ($19.5m) | |
| Change In Payable | — | — | — | — | — | — | ($27.1m) | ($11.8m) | $13.0m | ($10.9m) | ($10.9m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($5.0m) | $2.9m | ($3.4m) | ($929k) | ($929k) | |
| Changes In Cash | — | — | — | — | — | — | $182.2m | $67.3m | ($28.4m) | ($50.2m) | ($50.2m) | |
| End Cash Position | — | — | — | — | — | — | $309.4m | $376.7m | $348.3m | $298.1m | $298.1m | |
| Financing Cash Flow | — | — | — | — | — | — | $195.5m |
($190.6m)
-197.47%
|
$105.5m
+155.38%
|
$110.3m
+4.52%
|
$110.3m
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($44.8m) | $96.9m | ($342.3m) | ($224.1m) | ($179.1m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $10.3m | ($5.9m) | ($3.5m) | $254k | $254k | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $440k | ($81.2m) | ($48.7m) | ($12.5m) | ($12.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($301.8m) | ($137.4m) | ($441.6m) | ($458.1m) | ($458.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | ($5.0m) | ($20.0m) | ($30.4m) | ($30.4m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($301.8m) | ($132.4m) | ($421.6m) | ($422.7m) | ($422.7m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | ($2.3m) | ($108.3m) | $0 | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | $10.7m | ($87.1m) | ($52.2m) | ($12.2m) | ($12.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($8.6m) | $1.1m | ($15.5m) | ($7.9m) | — | |
| Preferred Stock Issuance | — | — | — | — | — | $23.7m | $192k | $0 | $0 | — | $0 | |
| Preferred Stock Payments | — | — | — | — | — | — | ($2.5m) | ($108.3m) | $0 | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($5.0m) | ($20.0m) | ($40.4m) | ($40.4m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($333.4m) | ($298.4m) | ($650.0m) | ($521.7m) | ($521.7m) | |
| Sale Of Investment | — | — | — | — | — | — | — | $0 | $0 | $10.0m | $10.0m | |
| Sale Of PPE | — | — | — | — | — | — | $31.6m | $165.9m | $228.4m | $99.0m | $99.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $0 | $0 | $8.1m | $7.1m | $7.1m |