← TORM plc
| 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: | ||||||||||||
| Net Income | — | — | — | — | — | — | $562.8m |
$648.3m
+15.19%
|
$612.5m
-5.52%
|
$285.3m
-53.42%
|
$345.5m
+21.10%
|
|
| Net Income From Continuing Operations | — | — | — | — | — | — | $562.6m | $648.0m | $611.5m | $286.0m | $345.5m | |
| Profit or Loss | $142.5m | $2.4m | ($34.8m) | $166.0m | $88.1m | ($42.1m) | $562.6m | $648.0m | $611.5m | $286.0m | — | |
| Depreciation | — | — | — | — | — | $130.9m | — | — | — | — | $138.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $139.0m | $149.3m | $192.0m | $214.5m | $220.9m | |
| Adjustments For Deferred Tax Of Prior Periods | ($100k) | ($100k) | $100k | — | — | ($100k) | — | — | — | — | — | |
| Deferred Income Tax | — | — | — | — | — | — | ($5.9m) | $4.0m | ($2.0m) | $9.2m | $5.4m | |
| Deferred Tax | — | — | — | — | — | — | ($5.9m) | $4.0m | ($2.0m) | $9.2m | $5.4m | |
| Adjustments For Share-Based Payments | $2.0m | $1.9m | $0 | $1.9m | $1.7m | $2.3m | $2.2m | $22.5m | $30.2m | $34.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | $4.6m | $2.6m | $0 | $0 | — | $6.4m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | $104k | ($200k) | $0 | $0 | — | ($196k) | |
| Change In Working Capital | — | — | — | — | — | — | ($180.9m) | $47.8m | $47.8m | ($33.5m) | ($47.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($158.1m) | $45.2m | $41.7m | ($33.2m) | ($33.2m) | |
| Change In Inventory | — | — | — | — | — | — | ($21.8m) | $1.2m | ($10.2m) | ($1.3m) | ($1.3m) | |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | — | $31.4m | $26.8m | $61.8m | $83.7m | $10.0m | $106.6m | $166.4m | $130.6m | $143.8m | — | |
| Capital Expenditure | — | — | — | — | — | — | ($119.9m) | ($510.3m) | ($583.5m) | ($310.3m) | ($466.6m) | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | $176k | $3k | $189k | ($422k) | ($242k) | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $23.6m | ($26.7m) | $10.8m | $13.9m | $8.2m | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds From Borrowings Classified As Financing Activities | $49.3m | $175.4m | $114.5m | $261.8m | $734.3m | $548.8m | $96.3m | $676.4m | $419.4m | $338.0m | — | |
| Repayments Of Borrowings Classified As Financing Activities | $142.7m | $125.5m | $110.8m | $169.2m | $746.5m | $253.4m | $275.2m | $585.4m | $256.3m | $567.7m | — | |
| Issuance Of Debt | — | — | — | — | — | — | $96.3m | $676.4m | $419.4m | $338.0m | $539.8m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $96.3m | $676.4m | $419.4m | $338.0m | $539.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($275.2m) | ($585.4m) | ($256.3m) | ($596.8m) | ($645.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($178.9m) | $91.0m | $163.1m | ($258.8m) | ($105.7m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($178.9m) | $91.0m | $163.1m | ($258.8m) | ($105.7m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($275.2m) | ($585.4m) | ($256.3m) | ($596.8m) | ($645.5m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($166.7m) | ($586.4m) | ($553.3m) | ($199.7m) | ($271.1m) | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | ($500k) | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Dividends paid | $25.0m | $1.2m | — | — | $70.6m | $0 | $166.7m | $586.4m | $553.3m | $199.7m | ($271.1m) | |
| Dividends Paid Ordinary Shares Per Share | — | — | — | — | — | $0.00 | $2.04 | — | — | — | ($271,100,000.00) | |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | — | — | — | — | — | — | — | $126.3m | $0 | $0 | — | |
| Dividends Recognised As Distributions To Owners Of Parent Relating To Current Year | — | — | — | — | — | — | $378.7m | $370.9m | $485.3m | $209.9m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($166.7m) | ($586.4m) | ($553.3m) | ($199.7m) | ($271.1m) | |
| Dividend Received CFO | — | — | — | — | — | $275k | $0 | $0 | $0 | — | ($25k) | |
| Net Other Financing Charges | — | — | — | — | — | — | $8.0m | $6.0m | $11.9m | ($1.6m) | $16.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $144.8m | $320.5m | $265.5m | $271.9m | $351.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Adjustments For Current Tax Of Prior Period | ($300k) | ($100k) | ($100k) | ($400k) | $100k | ($100k) | ($100k) | $0 | ($1.0m) | ($300k) | — | |
| Adjustments For Finance Costs | $37.3m | $40.6m | $39.3m | $41.9m | $49.9m | $42.4m | $48.8m | $60.9m | $74.1m | $74.4m | — | |
| Adjustments For Finance Income | $2.8m | $4.3m | $3.3m | $2.8m | $536k | — | $4.0m | $14.3m | $24.8m | $13.3m | — | |
| Adjustments For Income Tax Expense | $760k | $777k | $1.6m | $784k | $1.4m | $1.3m | ($5.9m) | $4.0m | ($2.0m) | $9.2m | — | |
| Adjustments For Unrealised Foreign Exchange Losses Gains | ($2.4m) | $1.8m | $2.0m | ($900k) | ($200k) | ($700k) | ($300k) | $100k | ($600k) | $500k | — | |
| Goodwill | $0 | $0 | $0 | — | — | — | $1.8m | $1.8m | $1.7m | $1.8m | $6.4m | |
| Increase Decrease In Working Capital | ($8.3m) | $13.0m | $12.7m | ($11.9m) | ($15.9m) | $48.5m | $180.9m | ($47.8m) | ($47.8m) | $33.5m | ($47.2m) | |
| Interest Paid Classified As Operating Activities | $31.4m | $36.7m | $39.8m | $45.3m | $52.9m | $41.0m | $49.6m | $66.0m | $66.9m | $70.0m | — | |
| Interest Received Classified As Operating Activities | $2.7m | $1.6m | $2.7m | $2.5m | $583k | $241k | $4.0m | $14.3m | $24.8m | $11.9m | — | |
| Proceeds From Issuing Shares | — | — | $100.0m | $4.2m | $788k | $2.9m | $8.0m | $6.2m | $12.5m | $2.3m | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | — | — | — | — | — | $618k | $563k | $1.1m | $1.8m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($337.6m) | ($489.4m) | ($378.3m) | ($460.1m) | ($360.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $11.2m | ($370.6m) | ($442.1m) | ($152.6m) | ($348.6m) | |
| Change In Account Payable | — | — | — | — | — | — | $4.7m | $3.2m | $7.9m | $4.8m | $4.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $175.7m | ($55.0m) | $6.4m | ($113.8m) | — | |
| Change In Other Working Capital | — | — | — | — | — | $11k | ($15k) | $17k | — | — | $17k | |
| Change In Payable | — | — | — | — | — | — | $4.7m | $3.2m | $7.9m | $4.8m | $4.8m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($5.7m) | ($1.8m) | $8.4m | ($3.8m) | ($3.8m) | |
| Changes In Cash | — | — | — | — | — | — | $175.7m | ($55.0m) | $6.4m | ($113.8m) | ($157.7m) | |
| End Cash Position | — | — | — | — | — | — | $323.8m | $295.6m | $291.2m | $163.5m | $193.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($337.6m) |
($489.4m)
-44.96%
|
($378.3m)
+22.70%
|
($460.1m)
-21.62%
|
($360.8m)
+21.58%
|
|
| Free Cash Flow | — | — | — | — | — | — | $382.1m | $294.7m | $243.3m | $188.6m | $85.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $600k | ($1.5m) | ($6.6m) | $6.8m | $6.8m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($10.2m) | ($50.4m) | ($51.3m) | ($19.0m) | ($13.6m) | |
| Interest Received CFO | — | — | — | — | — | — | $4.0m | $14.3m | $24.8m | $11.9m | $9.5m | |
| Investing Cash Flow | — | — | — | — | — | — | $11.3m | ($370.6m) | ($442.1m) | ($152.6m) | ($348.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $1.0m | $0 | $0 | — | $1.0m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($300k) | $100k | ($600k) | $500k | $500k | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($600k) | ($600k) | ($1.1m) | ($1.8m) | ($2.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($12.7m) | ($343.3m) | ($451.8m) | ($164.7m) | ($354.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($10.1m) | ($51.8m) | ($58.5m) | ($11.7m) | ($6.3m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | $3.3m | $30.1m | $19.3m | $5.4m | — | |
| Other Non Cash Items | — | — | — | — | — | — | $45.0m | $46.5m | $49.2m | $61.1m | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($6.3m) | ($6.5m) | $0 | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($600k) | ($600k) | ($1.1m) | ($1.8m) | ($2.7m) | |
| Purchase Of PPE | — | $145.1m | $202.4m | $384.3m | $173.1m | $319.8m | ($119.3m) | ($509.7m) | ($582.4m) | ($308.5m) | ($466.6m) | |
| Sale Of Business | — | — | — | — | — | $0 | $1.0m | $0 | $0 | — | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $106.6m | $166.4m | $130.6m | $143.8m | $109.8m | |
| Stock Based Compensation | — | — | — | — | — | — | $2.2m | $22.5m | $30.2m | $34.1m | $34.1m | |
| Taxes Refund Paid | — | — | — | — | — | — | ($700k) | ($3.1m) | ($1.3m) | ($2.7m) | ($3.3m) |