← Capital Clean Energy Carriers 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 operations | — | — | — | — | $30.4m | $98.2m | $125.4m | $47.2m | $193.6m | $170.8m | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | $125.4m | $47.2m | $193.6m | $170.8m | |
| Income from Discontinued Operations | — | — | — | — | — | — | $39.1m | $40.1m | $139.0m | $57.4m | |
| Income from Continuing Operations | — | $15.8m | ($7.6m) | $24.4m | $30.4m | $98.2m | $86.3m | $7.1m | $54.6m | $113.4m | |
| Net (decrease) / increase in cash, cash equivalents and restricted cash from continuing operations | — | ($72.1m) | ($10.4m) | ($140.4m) | ($9.1m) | ($23.3m) | $168.7m | $811k | ($264.4m) | ($179.1m) | |
| Net increase in cash, cash equivalents and restricted cash from discontinued operations | — | $28.7m | ($22.7m) | $165.6m | $0 | $0 | ($45.4m) | $48.5m | $396.7m | $138.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $52.5m | $38.5m | ($104k) | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | $15.8m | ($7.6m) | $24.4m | $30.4m | $98.2m | $125.4m | $7.1m | $55.6m | $113.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $39.1m | $40.1m | $138.0m | $57.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $7.5m | ($146.9m) | $0 | $0 | $39.1m | $40.1m | $139.0m | $57.4m | |
| Depreciation, Depletion and Amortization | $71.9m | $74.0m | $32.8m | $29.3m | $41.4m | $46.9m | $69.3m | $84.2m | $81.6m | $87.2m | |
| Depreciation, Depletion and Amortization | $71.9m | $74.0m | $32.8m | $29.3m | $41.4m | $46.9m | $69.3m | $84.2m | $81.6m | $87.2m | |
| Amortization of Debt Issuance Costs | $1.2m | $1.3m | $1.4m | $1.1m | $3.0m | $3.1m | $2.8m | $2.8m | $3.2m | $3.7m | |
| Depreciation | — | — | $32.1m | $29.1m | — | — | — | — | — | — | |
| Depreciation Expense | $71.9m | $74.0m | $73.1m | $29.3m | $41.4m | $46.9m | $69.3m | $84.2m | $86.2m | $87.2m | |
| Amortization / accretion of above / below market acquired charters (Note 7) | — | — | — | $14.4m | $11.7m | $7.3m | $12.0m | $891k | $15.9m | $22.6m | |
| Amortization of ineffective portion of derivatives | — | — | — | — | — | $0 | $0 | ($260k) | ($209k) | ($210k) | |
| Share-based Payment Arrangement, Noncash Expense | $1.1m | $1.2m | $613k | $907k | $2.0m | $2.0m | $3.8m | $3.8m | $6.9m | $6.4m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | — | — | — | — | ($11.5m) | $0 | $0 | |
| Impairment of vessels (Note 2) | $0 | $3.3m | $28.8m | — | — | $0 | $0 | $11.5m | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | $46.8m | $47.3m | $0 | $0 | — | |
| Other Nonoperating Income (Expense) | ($23.2m) | ($25.8m) | ($18.1m) | ($15.7m) | ($16.9m) | ($19.9m) | ($57.3m) | ($103.6m) | ($129.2m) | ($100.5m) | |
| Interest Expense | $1.2m | $1.3m | $1.8m | $1.1m | $15.3m | $15.8m | $49.2m | $98.6m | $131.9m | $107.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($183k) | $2.3m | $11.4m | ($13.4m) | $165k | $3.2m | ($3.9m) | $1.0m | $1.8m | $4.7m | |
| Increase (Decrease) in Inventories | $354k | $719k | ($1.1m) | ($45k) | $2.1m | $1.5m | $1.8m | ($1.1m) | $1.8m | ($445k) | |
| General and Administrative Expense | $6.3m | $6.2m | $5.7m | $5.5m | $7.2m | $8.7m | $10.7m | $13.4m | $16.7m | $15.6m | |
| Payments of Financing Costs | $31k | $5.0m | $72k | $788k | $4.8m | $6.1m | $4.3m | $3.8m | $12.9m | $1.5m | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | ($3.2m) | ($11.0m) | $5.5m | ($10.9m) | $18.1m | |
| Equity compensation expense (Note 15) | $1.1m | $1.2m | $613k | $907k | $2.0m | $2.0m | $3.8m | $3.8m | $6.9m | $6.4m | |
| Change in fair value of derivatives (Note 9) | — | — | — | $0 | $0 | $3.2m | $11.0m | ($5.5m) | $10.9m | ($18.1m) | |
| Unrealized bonds exchange differences (Note 8) | — | — | — | — | $0 | ($3.4m) | ($10.9m) | $6.0m | ($9.8m) | $19.8m | |
| Trade accounts receivable | $183k | ($2.3m) | ($11.4m) | $13.4m | ($165k) | ($3.2m) | $3.9m | ($1.0m) | ($750k) | ($4.7m) | |
| Prepayments and other assets | ($600k) | $486k | ($4.9m) | ($1.2m) | ($1.4m) | ($201k) | ($3.8m) | $1.6m | $557k | ($785k) | |
| Due from related party | — | — | — | — | $0 | $0 | ($3.6m) | $1.8m | $716k | $1.1m | |
| Inventories | ($354k) | ($719k) | ($3.2m) | $45k | ($2.1m) | ($1.5m) | ($1.8m) | $1.1m | ($1.8m) | $445k | |
| Claims | — | $0 | $0 | ($1.1m) | $339k | ($696k) | ($157k) | $685k | $0 | ($752k) | |
| Trade accounts payable | ($595k) | $2.8m | $5.5m | ($9.4m) | $3.8m | ($252k) | $380k | $4.2m | $5.5m | ($2.6m) | |
| Change in Accrued Liabilities | $662k | $7.6m | $5.3m | ($9.6m) | $684k | $2.7m | $4.2m | $5.1m | $13.8m | $5.3m | |
| Deferred revenue | $24.3m | ($11.3m) | ($15.7m) | ($3.6m) | ($1.0m) | $6.1m | $9.6m | $23.4m | $7.3m | ($526k) | |
| Dry-docking costs paid | — | — | — | ($954k) | ($6.1m) | ($1.9m) | $0 | ($3.0m) | $0 | ($1.5m) | |
| Vessel acquisitions, vessels under construction and improvements including acquired time and bareboat charter agreements (Notes 6, 7) | ($90.8m) | ($2.0m) | ($44.3m) | ($6.5m) | ($185.2m) | ($368.1m) | ($117.2m) | ($467.6m) | ($1.2b) | ($315.1m) | |
| Proceeds from insurance claims | — | — | — | — | — | — | — | $0 | $0 | $573k | |
| (Expenses paid for the sale of vessels) / proceeds from sale of vessels, net (Note 6) | — | — | — | — | — | — | $127.1m | $20.5m | ($219k) | ($220k) | |
| Deferred financing and offering costs paid | ($31k) | ($5.0m) | ($94k) | ($788k) | ($4.8m) | ($6.1m) | ($4.3m) | ($3.8m) | ($12.9m) | ($1.5m) | |
| Rights offering costs paid | — | — | — | — | — | — | $0 | ($824k) | ($476k) | ($498k) | |
| Repurchase of common units (Note 14) | — | — | — | $0 | $0 | ($4.5m) | ($5.9m) | ($4.1m) | $0 | $0 | |
| Capitalized dry-docking costs included in liabilities | — | — | — | $2.6m | $1.6m | $123k | $29k | $4.1m | $4.1m | $4.0m | |
| Deferred financing costs included in liabilities | $0 | $79k | $0 | $0 | $6k | $112k | $220k | $1.9m | $86k | $60k | |
| Expenses for sale of vessels included in liabilities | — | — | — | $0 | $0 | $2.0m | $1.3m | $440k | $5.4m | $1.9m | |
| Seller's credit agreements in connection with the acquisition of vessel- owning companies (Notes 5, 6, 8) | — | — | — | — | — | — | $0 | $0 | $134.8m | $0 | |
| Sale and lease back agreements and credit facility assumed in connection with the acquisition of vessel-owning companies | — | — | — | $0 | $0 | $866.3m | $0 | $196.3m | $0 | $0 | |
| Amounts for the acquisition of vessel owning companies and companies owning vessels under construction, netted against the amount due from CMTC pursuant to the Standby Purchase Agreement (Notes 1, 5, 14) | — | — | — | — | — | $0 | $0 | $279.8m | $0 | $0 | |
| Advances for vessels under construction - related party, netted against the amount due from CMTC pursuant to the Standby Purchase Agreement (Notes 1, 5, 6, 14) | — | — | — | — | — | $0 | $0 | $174.4m | $0 | $0 | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | — | — | $103.8m | — | |
| Other Operating Income (Expense), Net | — | — | — | — | ($135k) | $247k | ($1.9m) | $1.2m | $3.3m | $2.6m | |
| Net Cash Provided by (Used in) Operating Activities | $155.1m | $127.0m | $97.9m | $45.3m | $0 | $0 | $172.6m | $189.4m | $46.0m | $9.2m | |
| Cash flows from investing activities: | |||||||||||
| Capital expenditures included in liabilities | $1.4m | $312k | $547k | $15.0m | $2.5m | $1.0m | $1.7m | $6.7m | $4.1m | $2.9m | |
| Net cash used in investing activities of continuing operations | — | ($1.7m) | $37.4m | ($6.5m) | ($185.2m) | ($175.1m) | ($12.7m) | ($431.1m) | ($1.2b) | ($314.8m) | |
| Net Cash from Investing Activities | — | ($359k) | ($41.8m) | ($1.5m) | $0 | $0 | ($1.5m) | ($16.0m) | $448.1m | $230.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($91.8m) | ($2.0m) | ($4.5m) | ($6.5m) | ($185.2m) | ($175.1m) | ($14.1m) | ($447.1m) | ($1.2b) | ($314.8m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $35.0m | $0 | $0 | $0 | $270.9m | $204.3m | $206.3m | $392.0m | $1.6b | $44.5m | |
| Proceeds from Debt Issuance | $35.0m | $0 | $0 | $0 | $270.9m | $204.3m | $206.3m | $392.0m | $1.6b | $44.5m | |
| Payments of long-term debt (Note 8) | ($17.4m) | ($129.3m) | ($73.8m) | ($32.7m) | ($153.6m) | ($145.5m) | ($219.0m) | ($109.8m) | ($792.5m) | ($120.9m) | |
| Dividends paid (Note 14) | ($68) | ($52) | ($53) | ($29) | ($17) | ($8) | ($12) | ($12) | ($34) | ($19) | |
| Dividends reinvestment plan issuance of new shares (Note 14) | — | — | — | — | — | — | — | $0 | $0 | $16.5m | |
| Net Cash from Financing Activities | — | — | ($18.6m) | $158.2m | $0 | $0 | ($35.1m) | $307.0m | ($97.3m) | ($100.6m) | |
| Net cash (used in) / provided by financing activities of continuing operations | — | ($136.3m) | ($108.0m) | ($179.1m) | $95.4m | $40.6m | $81.7m | $341.3m | $742.3m | ($97.2m) | |
| Net Cash Provided by (Used in) Financing Activities | ($46.8m) | ($168.3m) | ($126.5m) | ($179.1m) | $95.4m | $40.6m | ($35.1m) | $307.0m | $742.3m | ($97.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $493k | $0 | $0 | — | |
| Net (decrease) / increase in cash, cash equivalents and restricted cash | $17.5m | ($43.4m) | ($33.1m) | $25.3m | ($9.1m) | ($23.3m) | $123.4m | $49.3m | $132.4m | ($40.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($72.1m) | $38.2m | $63.5m | $54.3m | $31.0m | $154.8m | $204.1m | $336.5m | $294.9m | |
| Cash, cash equivalents and restricted cash at the beginning of the year | — | — | $38.2m | $63.5m | $54.3m | $31.0m | $154.8m | $154.8m | $204.1m | $335.2m | |
| Cash, cash equivalents and restricted cash at the end of the year | — | — | — | — | — | — | $154.8m | $204.1m | $336.5m | $294.9m | |
| Cash and cash equivalents | $106.7m | $63.3m | $30.2m | $58.0m | $47.3m | $20.4m | $144.6m | $192.4m | $314.0m | $273.8m | |
| Restricted cash - current assets | — | $0 | $1.0m | — | — | — | — | $0 | $0 | $7.0m | |
| Restricted cash - non-current assets | $18.0m | $18.0m | $17.0m | $5.5m | $7.0m | $10.6m | $10.2m | $11.7m | $22.5m | $14.0m | |
| Total cash, cash equivalents and restricted cash shown in the statements of cash flows | $124.7m | $81.3m | $48.2m | $63.5m | $54.3m | $31.0m | $154.8m | $204.1m | $336.5m | $294.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $23.8m | $19.6m | $25.0m | $20.1m | $15.3m | $15.8m | $49.2m | $98.6m | $131.9m | $107.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.