← Costamare Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $164.9m | $179.0m | $113.7m | $148.9m | $143.9m | $276.0m | $718.0m | $745.5m | $704.6m | $519.8m | |
| Prepaid Expense and Other Assets, Current | $3.9m | $5.7m | $6.4m | $8.4m | — | — | — | — | — | — | |
| Short-term Investments | — | — | — | — | — | — | $120.0m | $17.5m | $18.5m | $19.3m | |
| Cash and cash equivalents (Note 2(e)) | $164.9m | $179.0m | $113.7m | $148.9m | $143.9m | $276.0m | $718.0m | $745.5m | $704.6m | $519.8m | |
| Accounts receivable, net (Note 4) | $971k | $1.3m | $5.6m | $7.4m | $8.2m | $21.0m | $26.9m | $54.8m | $45.5m | $11.6m | |
| Inventories (Note 7) | $11.4m | $9.7m | $11.0m | $10.5m | $10.5m | $21.4m | $28.0m | $61.3m | $57.7m | $14.1m | |
| Insurance claims receivable | $2.9m | $2.1m | $6.5m | $1.6m | $883k | $4.0m | $5.4m | $18.5m | $10.9m | $7.0m | |
| Short-term investments (Note 6) | — | — | — | — | — | $0 | $120.0m | $17.5m | $18.5m | $19.3m | |
| Accounts receivable, non-current (Note 4) | $1.6m | $1.8m | $17.8m | $8.6m | $3.9m | $5.1m | $5.3m | $5.6m | $3.6m | $2.0m | |
| Restricted cash, non-current (Note 2(e)) | $38.8m | $32.7m | $47.2m | $40.0m | $43.0m | $68.7m | $83.7m | $69.0m | $55.2m | $42.3m | |
| Inventory, Net | $11.4m | $9.7m | $11.0m | $10.5m | $10.5m | $21.4m | $28.0m | $61.3m | $57.7m | $14.1m | |
| Assets, Current | $209.8m | $226.6m | $170.8m | $197.2m | $192.1m | $426.1m | $1.0b | $1.1b | $1.0b | $690.7m | |
| Total current assets of continuing operations | — | — | — | — | — | — | — | — | $802.3m | $690.7m | |
| Total current assets | $209.8m | $226.6m | $170.8m | $197.2m | $192.1m | $426.1m | $1.0b | $1.1b | $1.0b | $690.7m | |
| Property, Plant and Equipment, Net | $2.1b | $2.0b | $2.6b | $2.6b | — | — | — | $3.4b | $3.4b | — | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $1.2m | $1.0m | $839k | $667k | $468k | $269k | $74k | $0 | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | — | — | $284.4m | $298.0m | $1.1m | |
| Other Assets, Noncurrent | $9.0m | $9.4m | $9.9m | $10.5m | $8.4m | $1.7m | $0 | — | — | — | |
| Prepayments and other assets | $8.8m | $8.8m | $8.8m | $0 | $8.9m | $8.6m | $10.6m | $61.9m | $66.6m | $44.6m | |
| Finance leases, right-of-use assets (Note 11(a)) | — | — | $401.9m | $188.4m | $199.1m | $191.3m | $0 | $39.2m | $37.8m | $0 | |
| Non-current liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $971k | $1.3m | $5.6m | $7.4m | $8.2m | $21.0m | $26.9m | — | $45.5m | — | |
| Accrued Liabilities, Current | $11.1m | $10.8m | $17.6m | $19.4m | $17.6m | $27.3m | $51.6m | $39.5m | $31.9m | $22.6m | |
| Restricted cash (Note 2(e)) | $6.9m | $7.2m | $5.6m | $6.9m | $5.0m | $8.9m | $9.8m | $10.6m | $18.1m | $8.1m | |
| Fair value of derivatives (Notes 19 and 20) | $16.2m | $3.3m | $3.5m | $397k | $3.4m | $6.9m | $2.3m | $3.0m | $34.2m | $24k | |
| Time charter assumed (Note 12) | — | — | $190k | $192k | $191k | $198k | $199k | $405k | $195k | $74k | |
| Investment in leaseback vessels (Note 11(b)) | — | — | — | — | — | — | $0 | $27.4m | $30.6m | $55.1m | |
| Net investment in sales type lease vessels, current (Note 11(c)) | — | — | — | — | — | — | $0 | $22.6m | $12.7m | $0 | |
| Current assets of discontinued operations (Note 3) | — | — | — | — | — | — | — | — | $237.9m | $0 | |
| Vessels and advances, net (Note 8) | — | $1.6b | $2.2b | $2.4b | $2.5b | $3.7b | $3.7b | $3.4b | $3.4b | $2.7b | |
| Fixed assets of discontinued operations (Note 3) | — | — | — | — | — | — | — | — | $671.8m | $0 | |
| Investment in leaseback vessels, non-current (Note 11(b)) | — | — | — | — | — | — | $0 | $191.7m | $222.1m | $309.5m | |
| Deferred charges, net (Note 9) | $20.4m | $15.4m | $26.2m | $22.0m | $27.7m | $31.9m | $55.0m | $72.8m | $71.8m | $53.8m | |
| Due from related parties, non-current (Note 4) | — | — | — | — | — | — | $0 | $284.4m | $298.0m | $1.1m | |
| Net investment in sales type lease vessels, non-current (Note 11(c)) | — | — | — | — | — | — | $0 | $19.5m | $6.7m | $11.3m | |
| Time charter assumed, non-current (Note 12) | — | — | $1.2m | $1.0m | $839k | $667k | $468k | $269k | $74k | $0 | |
| Fair value of derivatives, non-current (Notes 19 and 20) | $762k | $4.4m | $3.7m | $605k | $0 | $3.4m | $37.6m | $28.6m | $21.4m | $9.3m | |
| Non-current assets of discontinued operations (Note 3) | — | — | — | — | — | — | — | — | $329.1m | $0 | |
| Finance lease liability (Note 11(a)) | — | — | — | — | — | — | $0 | $2.7m | $23.9m | $0 | |
| Other current liabilities | $1.7m | $1.6m | $2.4m | $2.1m | $2.4m | $2.4m | $3.5m | $7.4m | $28.5m | $46.7m | |
| Current liabilities of discontinued operations (Note 3) | — | — | — | — | — | — | — | — | $335.0m | $0 | |
| Fair value of derivatives, non-current portion (Notes 19 and 20) | $0 | — | $0 | $433k | $3.7m | $7.8m | $13.7m | $11.2m | $5.2m | $45k | |
| Other non-current liabilities | — | — | — | — | — | — | $0 | $9.2m | $11.1m | $15.2m | |
| Non-current liabilities of discontinued operations (Note 3) | — | — | — | — | — | — | — | — | $398.3m | $0 | |
| Temporary equity - Redeemable non-controlling interest in subsidiary - (Note 14) | — | — | — | — | — | $0 | $3.5m | $629k | ($2.5m) | $0 | |
| Non-controlling interest (Note 1) | — | — | — | — | — | — | $0 | $56.2m | $57.5m | $72.8m | |
| Liabilities, Noncurrent | $1.2b | $995.1m | $1.5b | $1.3b | $1.5b | $2.3b | $2.3b | $2.2b | $1.8b | $1.3b | |
| Total fixed assets, net | $2.1b | $2.0b | $2.6b | $2.6b | $2.6b | $3.8b | $3.7b | $3.4b | $3.4b | $2.7b | |
| Total non-current assets of continuing operations | — | — | — | — | — | — | — | — | $392.3m | $433.0m | |
| Total non-current assets | — | — | — | — | — | — | — | — | $721.5m | $433.0m | |
| Total non-current liabilities of continuing operations | — | — | — | — | — | — | — | — | $1.4b | $1.3b | |
| Total non-current liabilities | $1.2b | $995.1m | $1.5b | $1.3b | $1.5b | $2.3b | $2.3b | $2.2b | $1.8b | $1.3b | |
| Total Costamare Inc. stockholders' equity | $1.1b | $1.2b | $1.4b | $1.4b | $1.3b | $1.7b | $2.2b | $2.4b | $2.5b | $2.1b | |
| Assets | $2.6b | $2.5b | $3.1b | $3.0b | $3.0b | $4.4b | $4.9b | $5.3b | $5.1b | $3.9b | |
| Total assets | $2.6b | $2.5b | $3.1b | $3.0b | $3.0b | $4.4b | $4.9b | $5.3b | $5.1b | $3.9b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $2.6b | $2.5b | $3.1b | $3.0b | $3.0b | $4.4b | $4.9b | $5.3b | $5.1b | $3.9b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | — | — | — | $161.0m | $205.2m | — | |
| Accounts Payable, Current | $3.8m | $6.3m | $8.6m | $6.2m | $7.6m | $18.9m | $18.2m | $52.1m | $49.4m | $18.9m | |
| Long-term Debt, Current Maturities | $198.3m | $206.3m | $149.2m | $210.7m | $147.1m | $272.4m | $320.1m | $347.0m | $317.9m | $268.1m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | — | — | — | $114.1m | $87.4m | — | |
| Long-term Debt, Excluding Current Maturities | $856.3m | $644.7m | $1.2b | $1.2b | $1.3b | $2.2b | $2.3b | $2.0b | $1.7b | $1.2b | |
| Deferred Revenue, Current | $19.7m | $15.3m | $12.4m | $10.4m | $11.9m | $23.8m | $25.2m | $52.2m | $47.8m | $42.6m | |
| Deferred Revenue, Noncurrent | $16.5m | $11.1m | $4.7m | $7.9m | $29.6m | $33.9m | $34.5m | $27.4m | $14.6m | $43.2m | |
| Accrued charter revenue (Note 12) | $408k | $185k | — | — | $0 | $7.4m | $10.9m | $9.8m | $11.9m | $5.6m | |
| Accrued charter revenue, non-current (Note 12) | $185k | $0 | — | — | $0 | $8.2m | $11.6m | $10.9m | $2.7m | $3.7m | |
| Current portion of long-term debt, net of deferred financing costs (Note 10) | $198.3m | $206.3m | $149.2m | $210.7m | $147.1m | $272.4m | $320.1m | $347.0m | $317.9m | $268.1m | |
| Long-term debt, net of current portion and deferred financing costs (Note 10) | $856.3m | $644.7m | $1.2b | $1.2b | $1.3b | $2.2b | $2.3b | $2.0b | $1.7b | $1.2b | |
| Liabilities, Current | $280.0m | $276.7m | $224.7m | $266.5m | $207.0m | $370.0m | $423.1m | $662.8m | $745.6m | $398.6m | |
| Total current liabilities of continuing operations | — | — | — | — | — | — | — | — | $410.6m | $398.6m | |
| Total current liabilities | $280.0m | $276.7m | $224.7m | $266.5m | $207.0m | $370.0m | $423.1m | $662.8m | $745.6m | $398.6m | |
| Other Liabilities, Noncurrent | — | — | — | — | — | — | — | $9.2m | $11.1m | $15.2m | |
| Commitments and Contingencies | $0 | $0 | — | $0 | — | $0 | $0 | — | — | — | |
| COMMITMENTS AND CONTINGENCIES (Note 13) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | — | $0 | $3.5m | $629k | ($2.5m) | $0 | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $9k | $11k | $11k | $12k | $12k | $12k | $12k | $13k | $13k | $13k | |
| Additional Paid in Capital | $1.1b | $1.2b | $1.3b | $1.4b | $1.4b | $1.4b | $1.4b | $1.4b | $1.3b | $1.3b | |
| Retained Earnings (Accumulated Deficit) | $31.4m | $43.7m | $38.7m | $60.6m | ($9.7m) | $341.5m | $746.7m | $1.0b | $1.3b | $868.7m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($14.4m) | ($969k) | $4.5m | ($1.2m) | ($8.0m) | ($2.2m) | $46.4m | $21.4m | $17.3m | $4.3m | |
| Preferred stock (Note 15) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common stock (Note 15) | $9k | $11k | $11k | $12k | $12k | $12k | $12k | $13k | $13k | $13k | |
| Treasury stock (Note 15) | — | — | — | — | — | $0 | ($60.1m) | ($120.1m) | ($120.1m) | ($120.1m) | |
| Accumulated other comprehensive income (Notes 19 and 21) | ($14.4m) | ($969k) | $4.5m | ($1.2m) | ($8.0m) | ($2.2m) | $46.4m | $21.4m | $17.3m | $4.3m | |
| Stockholders' Equity Attributable to Parent | $1.1b | $1.2b | $1.4b | $1.4b | $1.3b | $1.7b | $2.2b | $2.4b | $2.5b | $2.1b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | $0 | $3.5m | $56.2m | $57.5m | $72.8m | |
| Total stockholders' equity | — | — | — | — | — | — | $2.2b | $2.4b | $2.6b | $2.2b | |
| Liabilities and Equity | $2.6b | $2.5b | $3.1b | $3.0b | $3.0b | $4.4b | $4.9b | $5.3b | $5.1b | $3.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.