← Costamare Inc.
| 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 | — | — | — | — | — | — | $554.7m | $518.9m | $407.3m | $396.5m | |
| Net Income (Loss) Attributable to Parent | $81.7m | $72.9m | $67.2m | $99.0m | $8.9m | $435.1m | $555.0m | $385.7m | $319.9m | $364.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $60.6m | $51.8m | $36.7m | $67.7m | ($21.6m) | $404.1m | $523.9m | $354.7m | $290.7m | $343.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $554.7m | $381.0m | $316.3m | $369.0m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $518.9m | $407.3m | $396.5m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $137.9m | $91.0m | ($27.5m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | ($263k) | ($4.7m) | ($3.6m) | $4.4m | |
| Depreciation, Depletion and Amortization | $100.9m | $96.4m | $96.3m | $113.5m | $108.7m | $137.0m | $166.0m | $166.3m | $164.2m | $129.5m | |
| Depreciation, Depletion and Amortization | — | — | $96.3m | $113.5m | $108.7m | $137.0m | $166.0m | $166.3m | $164.2m | $129.5m | |
| Amortization of Deferred Charges | — | $7.6m | $7.3m | $8.9m | $9.1m | $10.4m | $13.5m | $19.8m | $23.6m | $19.8m | |
| Amortization of Debt Issuance Costs | $2.6m | $2.2m | $2.9m | $4.5m | $3.6m | $6.7m | $10.3m | $8.9m | $8.9m | $6.4m | |
| Amortization of Debt Issuance Costs and Discounts | $2.6m | $2.2m | $2.9m | $4.5m | $3.6m | $6.5m | $10.3m | $8.1m | $7.8m | $6.3m | |
| Amortization of Intangible Assets | — | — | $27k | $191k | $192k | — | — | — | — | — | |
| Depreciation | $100.9m | $83.2m | $82.4m | $102.1m | $101.5m | $129.4m | $166.0m | $166.3m | $164.2m | $129.5m | |
| Amortization Cash Flow | — | — | — | — | — | — | $198k | ($197k) | ($470k) | $130k | |
| Amortization Of Intangibles | — | — | — | — | — | — | $198k | ($197k) | ($470k) | $130k | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $166.2m | $126.5m | $126.4m | $129.7m | |
| Share-based Payment Arrangement, Noncash Expense | $5.0m | $3.9m | $3.8m | $3.9m | $3.7m | $7.4m | $7.1m | $5.8m | $8.4m | $7.0m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $1.7m | $434k | $0 | — | |
| Income (Loss) from Equity Method Investments | ($78k) | $3.4m | $12.1m | $11.4m | $16.2m | $12.9m | $2.3m | $764k | $12k | $0 | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | $490.7m | $932.1m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($2.3m) | ($764k) | ($12k) | $0 | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $10k | $578k | $14.4m | ($7.4m) | ($3.9m) | $12.8m | $6.2m | $36.6m | $24.3m | $5.8m | |
| Increase (Decrease) in Inventories | $837k | ($1.8m) | $134k | ($474k) | ($91k) | $9.9m | $6.7m | $33.0m | ($3.6m) | $965k | |
| Increase (Decrease) in Accounts Payable | ($199k) | $2.5m | $1.9m | ($2.4m) | $1.4m | $9.6m | ($710k) | $27.9m | $2.7m | $3.3m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | $60.2m | $0 | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($360k) | $31k | ($51k) | — | — | — | — | — | — | — | |
| General and Administrative Expense | — | $3.2m | $2.9m | $3.1m | $4.1m | $6.9m | $9.7m | $15.7m | $22.1m | $10.1m | |
| Investment Income, Interest | $1.6m | $2.6m | $3.5m | $3.3m | $1.8m | $1.6m | $6.0m | $32.4m | $33.2m | $19.3m | |
| Nonoperating Income (Expense) | ($84.4m) | ($64.1m) | ($49.9m) | ($74.1m) | ($51.5m) | ($6.2m) | ($107.6m) | ($87.0m) | ($145.9m) | ($59.6m) | |
| Operating Costs and Expenses | $105.8m | $103.8m | $110.6m | $116.1m | $117.1m | $180.0m | $269.2m | $258.1m | $240.2m | $162.5m | |
| Payments of Financing Costs | $3.9m | $1.7m | $3.4m | $3.9m | $7.5m | $16.1m | $20.1m | $25.1m | $3.4m | $3.0m | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $1.3m | $3.6m | $926k | $543k | |
| Beginning Cash Position | — | — | — | — | — | — | $353.5m | $811.6m | $825.2m | $777.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($166.1m) | ($425.4m) | ($613.9m) | ($507.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $42.5m | ($11.3m) | ($32.8m) | ($179.0m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | — | — | $128.6m | $108.4m | ($75.3m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | — | ($109.6m) | ($46.8m) | $10.0m | |
| Change In Account Payable | — | — | — | — | — | — | ($710k) | ($3.3m) | ($3.6m) | $3.3m | |
| Change In Accrued Expense | — | — | — | — | — | — | $21.9m | ($2.4m) | ($3.0m) | $2.3m | |
| Change In Inventory | — | — | — | — | — | — | ($6.7m) | $4.6m | $466k | ($965k) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $1.0m | $9.0m | $10.5m | $2.1m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($40.6m) | ($36.5m) | ($15.2m) | ($19.1m) | |
| Change In Payable | — | — | — | — | — | — | ($72k) | ($1.5m) | ($1.3m) | $9.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $21.8m | ($4.0m) | ($4.3m) | $11.3m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($361k) | $1.5m | $222k | ($2.1m) | |
| Change In Receivables | — | — | — | — | — | — | ($16.8m) | ($10.8m) | $19.1m | $7.1m | |
| Change In Working Capital | — | — | — | — | — | — | ($41.6m) | ($36.2m) | $10.8m | ($1.6m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($6.2m) | ($3.0m) | $3.8m | ($5.8m) | |
| Changes In Cash | — | — | — | — | — | — | $458.0m | $13.6m | ($47.3m) | ($207.7m) | |
| End Cash Position | — | — | — | — | — | — | $811.6m | $825.2m | $777.9m | $570.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($166.1m) | ($296.8m) | ($505.5m) | ($582.9m) | |
| Free Cash Flow | — | — | — | — | — | — | $519.7m | $124.9m | $430.1m | $242.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($1.4m) | $3.2m | $10.1m | ($16.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($126.3m) | ($117.5m) | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | $42.5m | ($120.9m) | ($79.5m) | ($169.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $3.8m | $16.2m | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $14k | $4.4m | $262k | ($1.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $158.4m | ($27.6m) | ($41.8m) | ($179.1m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($114.4m) | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($130.0m) | ($115.2m) | $10.0m | ($16.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | $22.4m | $19.7m | $23.9m | $21.5m | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | $0 | ($114.4m) | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | ($324k) | $0 | $0 | — | — | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($1.3m) | ($282k) | ($1.7m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($61.9m) | ($206.5m) | ($107.6m) | ($302.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($60.1m) | ($60.0m) | ($114.4m) | $0 | |
| Sale Of Business | — | — | — | — | — | — | $14k | $5.7m | $544k | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $220.3m | $178.9m | $65.8m | $123.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $7.1m | $5.8m | $8.4m | $7.0m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $4.5m | $1.3m | ($162k) | ($651k) | ($1.8m) | ($1.2m) | $2.7m | $4.8m | ($38.1m) | $20.3m | |
| Net Cash Provided by (Used in) Operating Activities | $226.6m | $191.0m | $140.8m | $250.4m | $274.3m | $466.5m | $581.6m | $331.4m | $537.7m | $7.4m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($61.9m) | ($206.5m) | ($107.6m) | ($302.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | ($2.8m) | $0 | $0 | |
| Payments to Acquire Investments | — | — | — | — | $0 | $0 | $178.7m | $199.6m | $72.1m | $37.8m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($118.7m) | $106.1m | ($81k) | ($234k) | |
| Purchase Of Investment | — | — | — | — | — | — | ($178.7m) | ($199.6m) | ($72.1m) | ($37.8m) | |
| Sale Of Investment | — | — | — | — | — | — | $60.0m | $305.7m | $72.0m | $37.6m | |
| Net Other Investing Changes | — | — | — | — | — | — | $2.8m | ($94.3m) | $8.9m | $2.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($34.4m) | ($42.7m) | ($112.6m) | ($8.9m) | ($36.4m) | ($787.5m) | $42.5m | $79.1m | ($79.5m) | $10.0m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $71.0m | $61.6m | $361.0m | $448.0m | $285.9m | — | — | $576.2m | $528.0m | $507.2m | |
| Issuance Of Debt | — | — | — | — | — | — | $1.0b | $471.0m | $135.0m | $507.2m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.0b | $471.0m | $135.0m | $507.2m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $30.0m | ($287.3m) | ($424.5m) | ($331.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $30.0m | ($287.3m) | ($424.5m) | ($331.4m) | |
| Repayments of Long-term Debt | $335.8m | — | — | — | — | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($984.3m) | ($758.3m) | ($559.5m) | ($838.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($984.3m) | ($758.3m) | ($559.5m) | ($838.6m) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $3.8m | $16.2m | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($60.1m) | ($60.0m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | — | — | $0 | $0 | $60.1m | $60.0m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($60.1m) | ($60.0m) | $0 | $0 | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | $3.8m | $3.8m | — | $6.1m | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | — | — | — | — | — | $376k | — | |
| Dividends paid | $75 | $38 | $49 | $59 | $65 | $71 | $120 | $72 | $74 | $79 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($119.5m) | ($71.9m) | ($74.1m) | ($79.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($119.5m) | ($71.9m) | ($74.1m) | ($79.3m) | |
| Dividend Received CFO | — | — | — | — | — | — | $1.1m | $4.0m | $0 | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($16.4m) | ($6.3m) | ($930k) | ($96.9m) | |
| Net Cash Provided by (Used in) Financing Activities | ($127.4m) | ($134.2m) | ($80.5m) | ($212.2m) | ($241.9m) | $482.6m | ($166.1m) | ($396.8m) | ($505.5m) | ($75.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $47.7m | $8.3m | ($52.4m) | $29.4m | ($4.0m) | $161.6m | $458.0m | $13.6m | ($47.3m) | ($207.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $47.7m | $8.3m | $166.5m | $195.9m | $191.9m | $353.5m | $811.6m | $825.2m | $777.9m | $570.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $458.0m | $13.6m | ($47.3m) | ($207.7m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $51.2m | $56.1m | $60.6m | $83.2m | $63.7m | $71.8m | $100.7m | $152.6m | $147.1m | $92.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.