← Danaos 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 | — | — | — | — | — | — | $559.2m | $576.3m | $505.1m | $494.6m | |
| Net Income (Loss) Attributable to Parent | ($366.2m) | $83.9m | ($32.9m) | $131.3m | $153.6m | $1.1b | $559.2m | $576.3m | $505.1m | $494.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($366.2m) | $83.9m | ($32.9m) | $131.3m | $153.6m | $1.1b | $559.2m | $576.3m | $505.1m | $494.6m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | $153.6m | $1.1b | $559.2m | $576.3m | $505.1m | $494.6m | |
| Depreciation, Depletion and Amortization | $129.0m | $115.2m | $107.8m | $96.5m | $101.5m | $113.8m | $131.2m | $129.3m | $148.3m | $163.4m | |
| Amortization of Deferred Charges | $5.5m | $6.7m | $9.2m | $8.7m | $11.0m | $10.2m | $12.2m | $18.7m | $29.2m | $44.1m | |
| Amortization of Debt Issuance Costs | $12.7m | $11.2m | $11.8m | $10.8m | $11.7m | $11.6m | $8.6m | $2.2m | $2.3m | $3.4m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | — | — | — | — | $3.5m | |
| Amortization Cash Flow | — | — | — | — | — | — | ($56.7m) | ($21.2m) | ($4.5m) | $0 | |
| Amortization Of Intangibles | — | — | — | — | — | — | ($56.7m) | ($21.2m) | ($4.5m) | $0 | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $77.6m | $108.1m | $143.8m | $163.4m | |
| Share-based Payment Arrangement, Noncash Expense | $76k | — | $1.0m | $4.2m | $1.2m | $15.3m | $6.0m | $12.7m | $14.6m | $16.8m | |
| Gain (Loss) on Extinguishment of Debt | — | — | $116.4m | — | — | $111.6m | $4.4m | ($2.3m) | $0 | ($2.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($36k) | — | — | — | — | — | $37.2m | $1.6m | $8.3m | $0 | |
| Income (Loss) from Equity Method Investments | ($16.3m) | $965k | $1.4m | $1.6m | $6.3m | $68.0m | — | ($4.0m) | ($1.6m) | ($1.0m) | |
| Income Tax Expense (Benefit) | — | — | — | — | — | $5.9m | $18.2m | — | — | $0 | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $26.2m | — | |
| Other Nonoperating Income (Expense) | ($41.6m) | ($15.8m) | ($50.5m) | $556k | $593k | $4.5m | ($6.6m) | ($812k) | $2.2m | ($1.2m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $0 | $4.0m | $1.6m | $1.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $13.2m | $2.5m | $2.7m | ($2.1m) | $411k | ($786k) | ($1.5m) | $4.3m | $5.4m | $3.8m | |
| Increase (Decrease) in Inventories | $355k | ($2.6m) | $43k | ($390k) | $1.1m | $2.1m | $3.5m | $8.4m | ($630k) | ($464k) | |
| Increase (Decrease) in Accounts Payable | ($383k) | $215k | ($894k) | $114k | ($181k) | $4.5m | $5.6m | ($390k) | $7.1m | ($11.8m) | |
| Increase (Decrease) in Other Operating Assets | $5.5m | $9.1m | $13.7m | $17.4m | ($3.6m) | $41.3m | $52.3m | ($7.8m) | ($21.3m) | ($17.3m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($100k) | ($400k) | ($100k) | ($200k) | ($400k) | ($200k) | ($200k) | ($500k) | ($300k) | ($700k) | |
| Gain (Loss) on Investments | — | — | — | — | — | $578.0m | ($176.4m) | $17.9m | ($25.2m) | $29.5m | |
| General and Administrative Expense | $22.1m | $22.7m | $26.3m | $26.8m | $24.3m | $44.0m | $36.6m | $43.5m | $54.2m | $64.4m | |
| Investment Income, Interest | $4.7m | $5.6m | $5.8m | $6.4m | $6.6m | $12.2m | $4.6m | $12.1m | $12.9m | $19.5m | |
| Nonoperating Income (Expense) | ($153.6m) | ($103.6m) | ($20.8m) | ($69.8m) | ($45.9m) | $700.5m | ($76.0m) | ($4.4m) | ($35.8m) | ($4.2m) | |
| Payments of Financing Costs | — | — | $35.0m | $30.5m | $20.0m | $22.4m | $16.2m | $1.9m | $7.3m | $25.8m | |
| Unrealized Gain (Loss) on Derivatives | $4.6m | — | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $543.7m | ($176.4m) | $17.9m | ($25.2m) | $29.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $129.8m | $267.7m | $271.8m | $453.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($973.4m) | ($233.6m) | $210.6m | $264.9m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $176.6m | ($338.5m) | ($650.8m) | ($325.7m) | |
| Change In Account Payable | — | — | — | — | — | — | $5.6m | ($390k) | $7.1m | ($11.8m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $280k | $236k | $3.2m | $5.1m | |
| Change In Inventory | — | — | — | — | — | — | ($3.5m) | ($8.4m) | $630k | $464k | |
| Change In Other Current Assets | — | — | — | — | — | — | ($52.3m) | $7.8m | $21.3m | $17.3m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $53.6m | ($1.9m) | ($24.9m) | $828k | |
| Change In Other Working Capital | — | — | — | — | — | — | $158.3m | ($77.5m) | ($46.9m) | ($33.3m) | |
| Change In Payable | — | — | — | — | — | — | $5.6m | ($390k) | $7.1m | ($11.8m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $5.9m | ($154k) | $10.2m | ($6.6m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $720k | ($603k) | $13k | ($191k) | |
| Change In Receivables | — | — | — | — | — | — | ($10.6m) | ($21.7m) | ($6.5m) | $2.0m | |
| Change In Working Capital | — | — | — | — | — | — | $152.0m | ($102.5m) | ($46.1m) | ($19.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $1.5m | ($4.3m) | ($5.4m) | ($3.8m) | |
| Changes In Cash | — | — | — | — | — | — | $137.9m | $4.1m | $181.6m | $583.9m | |
| End Cash Position | — | — | — | — | — | — | $267.7m | $271.8m | $453.4m | $1.0b | |
| Financing Cash Flow | — | — | — | — | — | — | ($973.4m) | ($233.6m) | $210.6m | $264.9m | |
| Free Cash Flow | — | — | — | — | — | — | $735.6m | $308.3m | ($37.6m) | $348.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $180.0m | ($14.2m) | $28.8m | ($25.9m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($37.2m) | ($1.6m) | ($8.3m) | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | $176.6m | ($338.5m) | ($650.8m) | ($325.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($74.4m) | ($1.6m) | ($30.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($70.1m) | ($264.1m) | ($649.1m) | ($295.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | $138.4m | ($9.6m) | $22.1m | ($22.4m) | |
| Other Non Cash Items | — | — | — | — | — | — | $1.6m | ($8.6m) | ($17.7m) | $11.9m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($74.4m) | ($1.6m) | ($30.7m) | |
| Purchase Of PPE | — | — | — | — | — | $31.0m | ($199.1m) | ($268.0m) | ($659.3m) | ($296.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($28.6m) | ($70.6m) | ($53.3m) | ($75.7m) | |
| Sale Of PPE | — | — | — | — | — | — | $129.1m | $3.9m | $10.2m | $1.7m | |
| Stock Based Compensation | — | — | — | — | — | — | $6.0m | $12.7m | $14.6m | $16.8m | |
| Derivative, Gain (Loss) on Derivative, Net | ($12.5m) | ($3.7m) | ($5.1m) | ($3.6m) | ($3.6m) | ($3.6m) | ($3.6m) | ($3.6m) | ($3.6m) | ($3.6m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($184k) | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $262.0m | $181.1m | $164.7m | $219.9m | $265.7m | $428.1m | $934.7m | $576.3m | $621.8m | $644.8m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($199.1m) | ($268.0m) | ($659.3m) | ($296.7m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $196.3m | $246.6m | $0 | $0 | — | |
| Sale Of Investment | — | — | — | — | — | $196.3m | $246.6m | $0 | $0 | — | |
| Net Other Investing Changes | — | — | — | — | — | $16.2m | $246.6m | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($9.4m) | $1.8m | ($8.2m) | ($21.4m) | ($170.7m) | ($143.1m) | $176.6m | ($338.5m) | ($650.8m) | ($325.7m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $325.9m | — | $69.8m | $1.1b | $182.7m | $0 | $362.0m | $620.7m | |
| Issuance Of Debt | — | — | — | — | — | — | $182.7m | $0 | $362.0m | $620.7m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $182.7m | $0 | $362.0m | $620.7m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($863.7m) | ($100.4m) | $334.0m | $429.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($863.7m) | ($100.4m) | $334.0m | $429.9m | |
| Repayments of Long-term Debt | $251.1m | $189.7m | $441.0m | $262.6m | $146.7m | $1.3b | $892.9m | $27.5m | $28.0m | $190.8m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.0b) | ($100.4m) | ($28.0m) | ($190.8m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.0b) | ($100.4m) | ($28.0m) | ($190.8m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($28.6m) | ($70.6m) | ($53.3m) | ($75.7m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | $31.1m | — | $28.6m | $70.6m | $53.3m | $75.7m | |
| Common Stock Payments | — | — | — | — | — | — | ($28.6m) | ($70.6m) | ($53.3m) | ($75.7m) | |
| Dividends paid | — | — | — | — | — | $30.9m | $61.5m | $60.7m | $62.8m | $63.5m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($61.5m) | ($60.7m) | ($62.8m) | ($63.5m) | |
| Net Cash Provided by (Used in) Financing Activities | ($251.1m) | ($189.7m) | ($148.9m) | ($136.6m) | ($168.4m) | ($220.9m) | ($973.4m) | ($233.6m) | $210.6m | $264.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1.5m | ($6.8m) | $7.6m | $61.9m | ($73.5m) | $64.1m | $137.9m | $4.1m | $181.6m | $583.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $77.3m | $139.2m | $65.7m | $129.8m | $267.7m | $271.8m | $453.4m | $1.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $137.9m | $4.1m | $181.6m | $583.9m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $69.2m | $74.6m | $71.9m | $54.9m | $35.2m | $42.8m | $54.0m | $18.1m | $21.6m | $33.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.