← EUROSEAS LTD.

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 — — — — — — $106.2m $114.5m $112.8m $137.0m
Net Income (Loss) Attributable to Parent ($44.2m) ($6.1m) ($663k) ($1.7m) $4.0m $43.0m $106.2m $114.5m $112.8m $137.0m
Net Income (Loss) Available to Common Stockholders, Basic ($45.9m) ($7.9m) ($1.4m) ($3.5m) $3.3m $42.4m $106.2m $114.5m $112.8m $137.0m
Amortization of Debt Issuance Costs $613k $322k $321k $206k $288k $223k $343k $476k $539k $475k
Depreciation $8.8m $8.4m $3.3m $4.2m $6.6m $7.2m $18.5m $22.8m $26.4m $28.6m
Depreciation Amortization Depletion — — — — — — $18.5m $22.8m $26.4m $28.6m
Share-based Payment Arrangement, Noncash Expense $294k $117k $124k $98k $122k $182k $951k $1.1m $1.5m $2.0m
Share-based Payment Arrangement, Expense $294k $117k $124k $98k $122k $182k $951k $1.1m $1.5m $2.0m
Equity Method Investment, Other than Temporary Impairment $14.1m — — — — — — — — —
Goodwill, Impairment Loss — — — — — — — $13.8m — —
Asset Impairment Charge — — — — — — $0 $13.8m $0 $0
Gain (Loss) on Extinguishment of Debt — — — ($328k) ($492k) $0 $0 — — —
Gain (Loss) on Disposition of Property Plant Equipment $11k $804k $1.3m — — $9k — — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — — — $2.5m ($9k) $0 $5.2m $5.7m $19.4m
Gain (Loss) on Disposition of Assets — — — — — — — — $5.7m —
Income (Loss) from Equity Method Investments ($2.4m) — — — — — — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $24k $47k $73k ($244k) $1.3m ($738k) ($702k) $1.5m $2.5m $5.9m
Increase (Decrease) in Inventories ($245k) ($145k) $511k $185k ($227k) $612k $32k ($178k) $653k ($166k)
Foreign Currency Transaction Gain (Loss), Realized ($41k) ($41k) $14k $2k ($63k) $34k $54k ($34k) $19k ($120k)
General and Administrative Expense $3.5m $3.4m $2.6m $2.4m $3.0m $3.5m $4.6m $4.7m $5.9m $6.8m
Nonoperating Income (Expense) ($6.1m) ($3.3m) ($3.0m) ($3.7m) ($5.3m) ($2.8m) ($395k) ($4.9m) ($7.2m) ($12.5m)
Operating Costs and Expenses $18.2m $21.9m $20.0m $24.0m $32.2m $29.7m $37.7m $42.0m $46.7m $46.8m
Operating Expenses $50.1m $45.7m $32.1m $38.0m $44.0m $48.2m $76.1m $69.9m $92.9m $78.4m
Payments of Financing Costs $790k $230k $420k $566k — $758k $116k $731k $1.4m $429k
Unrealized Gain (Loss) on Derivatives $13k $46k $205k $41k ($566k) $154k $4.2m ($4.0m) $609k ($385k)
Beginning Cash Position — — — — — — $31.5m $31.4m $64.3m $80.7m
Cash Flow From Continuing Financing Activities — — — — — — ($27.0m) $5.1m $57.0m ($23.3m)
Cash Flow From Continuing Investing Activities — — — — — — ($87.1m) ($102.2m) ($168.8m) ($15.2m)
Change In Account Payable — — — — — — $2.0m ($1.1m) $779k ($395k)
Change In Accrued Expense — — — — — — $53k $109k $2.6m $5.0m
Change In Inventory — — — — — — ($32k) $178k ($653k) $166k
Change In Other Working Capital — — — — — — $4.4m $3.5m ($3.0m) ($2.6m)
Change In Payable — — — — — — $1.7m $220k $1.1m ($236k)
Change In Payables And Accrued Expense — — — — — — $1.8m $329k $3.8m $4.8m
Change In Prepaid Assets — — — — — — $33k ($153k) ($835k) $204k
Change In Receivables — — — — — — ($3.1m) $1.8m ($1.0m) ($7.8m)
Change In Working Capital — — — — — — $3.1m $5.7m ($1.8m) ($5.2m)
Changes In Account Receivables — — — — — — $702k ($1.5m) ($2.5m) ($5.9m)
Changes In Cash — — — — — — ($60k) $32.9m $16.4m $102.7m
End Cash Position — — — — — — $31.4m $64.3m $80.7m $183.3m
Financing Cash Flow — — — — — — ($27.0m) $5.1m $57.0m ($23.3m)
Free Cash Flow — — — — — — $23.4m $17.7m ($50.8m) $64.1m
Gain Loss On Investment Securities — — — — — — ($4.2m) $4.0m ($609k) $385k
Gain Loss On Sale Of PPE — — — — — — $0 ($5.2m) ($5.7m) ($19.4m)
Investing Cash Flow — — — — — — ($87.1m) ($102.2m) ($168.8m) ($15.2m)
Issuance Of Capital Stock — — — — — $744k $0 $0 — —
Net PPE Purchase And Sale — — — — — — ($87.1m) ($102.2m) ($168.8m) ($15.2m)
Net Preferred Stock Issuance — — — — — ($2.0m) $0 $0 — —
Operating Gains Losses — — — — — — ($4.2m) ($1.1m) ($6.3m) ($19.0m)
Other Non Cash Items — — — — — — ($10.5m) ($26.9m) ($4.4m) ($2.2m)
Preferred Stock Payments — — — — — ($2.0m) $0 $0 — —
Purchase Of PPE $21.3m $39.7m $2k $55.7m $647k — ($90.7m) ($112.3m) ($178.9m) ($77.1m)
Repurchase Of Capital Stock — — — — — — ($5.0m) ($3.1m) ($1.1m) ($2.1m)
Sale Of PPE — — — — — — $3.6m $10.1m $10.1m $61.9m
Stock Based Compensation — — — — — — $951k $1.1m $1.5m $2.0m
Net Cash Provided by (Used in) Operating Activities ($832k) $8.0m $4.0m $3.2m $2.4m $52.6m $114.1m $130.0m $128.2m $141.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — $39.7m $2k $55.7m $647k — ($90.7m) ($112.3m) ($178.9m) ($77.1m)
Capital Expenditure Reported — — — — — ($66.5m) ($39.8m) — — —
Net Cash Provided by (Used in) Investing Activities ($18.8m) ($26.1m) — — $16.3m ($74.1m) ($87.1m) ($102.2m) ($168.8m) ($15.2m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $28.3m $33.1m $34.2m — — — $19.2m $92.0m $114.4m $52.0m
Issuance Of Debt — — — — — — $19.2m $92.0m $114.4m $52.0m
Long Term Debt Issuance — — — — — — $19.2m $92.0m $114.4m $52.0m
Net Issuance Payments Of Debt — — — — — — ($11.0m) $23.0m $76.3m ($1.8m)
Net Long Term Debt Issuance — — — — — — ($11.0m) $23.0m $76.3m ($1.8m)
Repayments of Long-term Debt $18.5m $9.1m $32.3m — — — — — — —
Long Term Debt Payments — — — — — — ($30.3m) ($69.0m) ($38.1m) ($53.8m)
Repayment Of Debt — — — — — — ($30.3m) ($69.0m) ($38.1m) ($53.8m)
Proceeds from Issuance of Common Stock $3.2m $549k $2.0m $6.9m $716k $744k $0 $0 — —
Common Stock Issuance — — — — — $744k $0 $0 — —
Net Common Stock Issuance — — — — — — ($5.0m) ($3.1m) ($1.1m) ($2.1m)
Payments for Repurchase of Common Stock — — — — — — $5.0m $3.1m $1.1m $2.1m
Payments of Ordinary Dividends, Common Stock — — — — — — $10.8m $14.0m $16.8m $19.0m
Common Stock Payments — — — — — — ($5.0m) ($3.1m) ($1.1m) ($2.1m)
Dividends Payable, Current — — — $161k $169k $0 $66k $105k $121k $144k
Dividends Payable — — — — $170k — — — — —
Cash Dividends Paid — — — — — — ($10.8m) ($14.0m) ($16.8m) ($19.0m)
Common Stock Dividend Paid — — — — — — ($10.8m) ($14.0m) ($16.8m) ($19.0m)
Preferred Stock Dividend Paid — — — — — ($424k) $0 $0 — —
Net Other Financing Charges — — — — — — ($143k) ($834k) ($1.4m) ($429k)
Net Cash Provided by (Used in) Financing Activities $14.1m $22.0m $135k $45.2m ($18.3m) $46.6m ($27.0m) $5.1m $57.0m ($23.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($10.3m) $3.9m $4.9m ($7.3m) $408k $25.2m ($60k) $32.9m $16.4m $102.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($10.3m) $13.2m $13.2m $5.9m $6.3m $31.5m $31.4m $64.3m $80.7m $183.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($60k) $32.9m $16.4m $102.7m
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.7m $2.6m $2.5m $3.1m $4.3m $2.4m $5.1m $5.8m $10.0m $13.6m

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