← Ardmore Shipping Corp

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $138.5m $116.8m $133.0m $41.0m
Net Income (Loss) Attributable to Parent $3.7m ($12.5m) ($42.9m) ($22.9m) ($6.0m) ($36.8m) $138.5m $116.8m $133.0m $41.0m
Net Income (Loss) Available to Common Stockholders, Basic — — — ($22.9m) ($6.0m) ($38.1m) $135.1m $113.4m $128.6m $36.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — ($36.8m) $138.5m $116.8m $133.0m $41.0m
Amortization of Debt Issuance Costs $3.4m $3.1m $2.4m $2.0m $1.8m $2.2m $1.5m $1.2m $1.1m $1.0m
Depreciation $30.1m $34.3m $35.1m $32.3m $32.2m $31.7m $29.3m $27.8m $30.2m $33.8m
Depreciation Amortization Depletion — — — — — — $29.3m $27.8m $30.2m $33.8m
Deferred Income Tax Expense (Benefit) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Share-based Payment Arrangement, Noncash Expense $1.3m $457k $1.6m $2.3m $3.0m $2.6m $3.1m $3.2m $4.7m $2.8m
Gain (Loss) on Extinguishment of Debt — — — — — $569k ($1.6m) — $1.4m ($469k)
Gain (Loss) on Disposition of Property Plant Equipment ($2.6m) $0 $0 ($13.2m) — — ($6.9m) ($6.9m) $12.3m —
Income (Loss) from Equity Method Investments — — — — — ($317k) ($195k) ($1.0m) ($4.5m) ($308k)
Income Tax Expense (Benefit) $60k $60k $163k $59k $199k $150k $207k $435k $215k $241k
Earnings (Loss)es From Equity Investments — — — — — — $195k $1.0m $4.5m $308k
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — — — — $317k ($195k) ($1.0m) ($4.5m) ($308k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($3.0m) $4.1m $195k $2.6m ($12.3m) $2.5m $59.6m ($23.6m) $4.6m ($13.3m)
Increase (Decrease) in Inventories $3.4m $2.3m $3.2m ($2.7m) $115k $821k $4.6m ($3.2m) ($1.2m) ($2.4m)
Foreign Currency Transaction Gain (Loss), before Tax — — $201k $73k ($109k) $72k ($2k) ($52k) — —
General and Administrative Expense $14.1m $0 — — — — — — — —
Investment Income, Interest $165k $436k $607k $952k $282k $55k $471k $1.8m $1.8m $955k
Operating Expenses $140.4m $187.4m $219.8m — — — — — — —
Payments of Financing Costs $6.0m $827k $3.7m $2.3m $220k $980k $3.5m — $200k —
Unrealized Gain (Loss) on Derivatives — — — — ($114k) $276k $3.0m ($262k) $655k $6k
Beginning Cash Position — — — — — — $55.4m $50.6m $46.8m $47.0m
Cash Flow From Continuing Financing Activities — — — — — — ($164.5m) ($136.5m) ($127.3m) $39.2m
Cash Flow From Continuing Investing Activities — — — — — — $35.4m ($26.8m) ($33.0m) ($121.0m)
Change In Account Payable — — — — — — ($1.6m) ($4.4m) $4.1m ($1.0m)
Change In Accrued Expense — — — — — — $10.2m $931k ($572k) ($2.4m)
Change In Interest Payable — — — — — ($157k) $212k $76k ($407k) —
Change In Inventory — — — — — — ($4.6m) $3.2m $1.2m $2.4m
Change In Other Working Capital — — — — — — ($850k) ($873k) $135k $1.1m
Change In Payable — — — — — — ($1.6m) ($4.4m) $4.1m ($1.0m)
Change In Payables And Accrued Expense — — — — — — $8.6m ($3.5m) $3.5m ($3.4m)
Change In Prepaid Assets — — — — — — $381k ($4.5m) $3.9m ($1.2m)
Change In Receivables — — — — — — ($59.6m) $23.6m ($4.6m) $13.3m
Change In Working Capital — — — — — — ($56.0m) $17.9m $4.1m $12.3m
Changes In Cash — — — — — — ($4.9m) ($3.8m) $183k ($143k)
End Cash Position — — — — — — $50.6m $46.8m $47.0m $46.8m
Financing Cash Flow — — — — — — ($164.5m) ($136.5m) ($127.3m) $39.2m
Free Cash Flow — — — — — — $122.9m $134.2m $99.4m ($39.1m)
Gain Loss On Investment Securities — — — — — — ($3.0m) $262k ($655k) ($6k)
Gain Loss On Sale Of PPE — — — — — — $6.9m $0 ($12.3m) $0
Investing Cash Flow — — — — — — $35.4m ($26.8m) ($33.0m) ($121.0m)
Issuance Of Capital Stock — — — — — $38.0m $38.9m $0 $0 —
Net Business Purchase And Sale — — — — — — ($588k) ($1.2m) $1.6m $0
Net Foreign Currency Exchange Gain Loss — — — — — ($72k) $2k — — —
Net PPE Purchase And Sale — — — — — — $38.6m ($25.4m) ($34.2m) ($120.7m)
Net Preferred Stock Issuance — — — — — — $0 $0 ($10.0m) ($30.0m)
Operating Gains Losses — — — — — — $4.2m $1.3m ($8.5m) $771k
Other Non Cash Items — — — — — — $5.3m ($7.4m) ($3.1m) ($9.1m)
Preferred Stock Issuance — — — — — $38.0m $0 $0 — —
Preferred Stock Payments — — — — — — $0 $0 ($10.0m) ($30.0m)
Purchase Of Business — — — — — ($5.5m) ($588k) ($1.2m) — —
Purchase Of PPE — — — — — — ($1.3m) ($25.4m) ($61.0m) ($120.7m)
Repurchase Of Capital Stock — — — — — — $0 $0 ($27.9m) ($30.0m)
Sale Of PPE — — — — — — $39.9m $0 $26.8m $0
Stock Based Compensation — — — — — — $3.1m $3.2m $4.7m $2.8m
Net Cash Provided by (Used in) Operating Activities $42.6m $18.4m $9.4m $20.5m $46.1m ($2.9m) $124.2m $159.6m $160.4m $81.6m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($1.3m) ($25.4m) ($61.0m) ($120.7m)
Net Other Investing Changes — — — — — — ($2.6m) ($208k) ($432k) ($284k)
Net Cash Provided by (Used in) Investing Activities ($122.3m) ($2.3m) ($17.6m) $23.9m ($21.0m) $1.6m $35.4m ($26.8m) ($33.0m) ($121.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $110.0m $11.1m $3.9m $201.5m $20.4m — $131.9m — — $179.5m
Issuance Of Debt — — — — — — $131.9m $0 $104.7m $179.5m
Long Term Debt Issuance — — — — — — $131.9m $0 $104.7m $179.5m
Net Issuance Payments Of Debt — — — — — — ($196.6m) ($86.0m) ($50.5m) $84.6m
Net Long Term Debt Issuance — — — — — — ($196.6m) ($86.0m) ($50.5m) $84.6m
Repayments of Long-term Debt $42.2m $62.7m $184.3m $222.2m $18.0m $66.9m $148.2m $84.0m $1.7m —
Long Term Debt Payments — — — — — — ($328.5m) ($86.0m) ($155.1m) ($94.9m)
Repayment Of Debt — — — — — — ($328.5m) ($86.0m) ($155.1m) ($94.9m)
Proceeds from Issuance of Common Stock — — — — — — $38.9m — — —
Common Stock Issuance — — — — — $0 $38.9m $0 $0 —
Net Common Stock Issuance — — — — — — $38.9m $0 ($17.9m) $0
Payments for Repurchase of Common Stock $3.0m $11.3m $0 $0 $287k — — — $17.9m —
Payments of Ordinary Dividends, Common Stock $9.3m $0 $0 — $1.7m — — $47.2m $45.1m $12.2m
Common Stock Payments — — — — — — $0 $0 ($17.9m) $0
Dividends Payable — — — — — $500k $100k $600k $400k —
Cash Dividends Paid — — — — — — ($3.3m) ($50.6m) ($48.9m) ($15.3m)
Common Stock Dividend Paid — — — — — — $0 ($47.2m) ($45.1m) ($12.2m)
Preferred Stock Dividend Paid — — — — — — ($3.3m) ($3.4m) ($3.8m) ($3.2m)
Net Other Financing Charges — — — — — ($980k) ($3.5m) — ($200k) —
Net Cash Provided by (Used in) Financing Activities $95.5m ($32.6m) $25.6m ($49.5m) ($18.5m) ($1.7m) ($164.5m) ($136.5m) ($127.3m) $39.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $55.4m $50.6m $46.8m $47.0m $46.8m
Change In Cash Supplemental As Reported — — — — — — ($4.9m) ($3.8m) $183k ($143k)
Income Tax Paid Supplemental Data — — — — — $198k $51k $537k — —
Interest Paid Supplemental Data — — — — — — $17.3m $8.0m $4.5m $5.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.