← Imperial Petroleum Inc./Marshall Islands

Annual Trend 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 for the year ($375k) ($394k) ($3.6m) $29.5m $71.1m $50.2m $50.0m
Net Income From Continuing Operations — — — $29.5m $71.1m $50.2m $50.0m
Net Income (Loss) Attributable to Parent — ($394k) ($3.6m) $29.5m $71.1m $50.2m $50.0m
Net Income (Loss) Available to Common Stockholders, Basic — ($394k) ($3.8m) $24.8m $60.0m $50.2m $50.0m
Amortization of Debt Issuance Costs — — $33k $94k $474k $0 $0
Depreciation $8.6m $8.6m $8.7m $12.3m $15.6m $17.0m $25.9m
Amortization of deferred finance charges — $0 $33k $94k $474k $0 $0
Depreciation Amortization Depletion — — — $12.3m $15.6m $17.0m $25.9m
Share-based Payment Arrangement, Expense — — — $117k $2.4m $3.4m $3.2m
Impairment loss — — $0 $0 $9.0m $0 $0
Asset Impairment Charge — — — $0 $9.0m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment — — — — $8.2m ($1.6m) $0
Interest Expense Nonoperating — — — — — $382k $2.3m
Changes in operating lease liabilities — — — — ($63k) ($71k) ($79k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories — $705k ($577k) $5.2m $1.9m $15k ($2.6m)
Foreign Currency Transaction Gain (Loss), before Tax — ($28k) ($10k) $12k $700k ($2.7m) $4.4m
General and Administrative Expense — $220k $615k $1.8m $4.9m $4.9m $4.6m
Investment Income, Interest — $108 $980 $1.3m $4.5m $6.7m $7.3m
Nonoperating Income (Expense) — ($38k) ($154k) ($309k) $5.1m $6.0m $10.1m
Operating Expenses — $7.2m $7.4m $16.4m $25.6m $26.4m $37.7m
Payments for Repurchase of Warrants — — — — $1.5m $0 $0
Payments of Financing Costs — — $196k $405k — — —
Revenue from Contract with Customer, Including Assessed Tax — $20.3m $17.4m $97.0m $183.7m $147.5m $161.0m
Noncash lease expense — — — — $63k $71k $79k
Shared based compensation — — — $117k $2.4m $3.4m $3.2m
Net gain on sale of vessel – related party — — — $0 ($8.2m) $0 $0
Net loss on sale of vessel — — $0 $0 ($8.2m) $1.6m $0
Unrealized foreign exchange (gain)/loss on time deposits — — — — ($426k) $2.0m ($968k)
Trade and other receivables $124k ($485k) ($734k) ($6.5m) ($6.5m) $43k $53k
Other current assets — ($174k) $174k ($240k) ($63k) ($350k) ($455k)
Claim receivables — — — — $0 $0 ($479k)
Inventories ($71k) ($705k) $577k ($5.2m) ($1.9m) ($15k) $2.6m
Advances and prepayments ($8k) ($59k) ($11k) ($22k) ($182k) ($89k) $6k
Due from related party — — — — ($2.2m) $2.2m ($192k)
Trade accounts payable $176k $618k $289k $6.7m $119k ($2.2m) $716k
Due to related party — — ($709k) $2.1m ($692k) $3.1m ($2.4m)
Accrued liabilities $17k $173k $238k $1.5m $1.4m $362k $826k
Deferred income $98k ($224k) $348k $608k ($55k) $500k $2.0m
Proceeds from sale of vessel, net — — — — $3.9m $41.2m $0
Payments for acquisition and capitalized expenses of vessels — ($728k) ($143k) ($118.7m) ($28.1m) ($74.7m) ($1.7m)
Purchase of bank time deposits — — — ($68.0m) $203.8m ($259.6m) ($318.1m)
Maturity of bank time deposits — — — ($68.0m) ($167.5m) $150.8m $284.8m
Proceeds from seller financing — — — — $0 $35.7m $0
Proceeds from issuance of Series B preferred shares — — — $200k $0 $475k $655k
Proceeds from exercise of stock options — — — — $29.1m $475k $60.0m
Proceeds from equity offerings — — — $168.0m $29.1m $0 $2.1m
Stock issuance costs — — — ($11.2m) ($1.5m) $0 ($4.0m)
Issuance costs on warrants exercise — — — — $0 ($22k) $0
Stock repurchase — — — — ($5.9m) ($2.5m) $0
Warrants repurchase — — — — ($1.5m) $0 $0
Loan repayments — — — ($5.4m) ($70.4m) $0 $0
Cash retained by C3is Inc. at spin off — — — — ($5.0m) $0 $0
Non cash investing activity – Vessel improvements included in liabilities — $194k $0 $0 $859k $0 $0
Non cash investing and financing activity – Part payment of vessel acquisition through issuance of Series C Preferred Shares — — — — $10.0m $0 $0
Non cash investing activity – Vessel acquisition included in payable to related parties — — — — $0 $13.3m $0
Distribution of net assets of C3is Inc. to shareholders and warrant holders — — — — $21.0m $0 $0
Non cash investing activity – Seller financing included in receivables from related party — — — $0 $35.7m $0 $0
Beginning Cash Position — — — $6.3m $57.5m $91.9m $67.8m
Cash Flow From Continuing Financing Activities — — — $196.9m ($57.4m) $4.8m ($107.7m)
Cash Flow From Continuing Investing Activities — — — ($186.7m) $12.3m ($106.7m) ($35.1m)
Change In Account Payable — — — $6.7m $119k ($2.2m) $716k
Change In Accrued Expense — — — $1.5m $1.4m $362k $826k
Change In Inventory — — — ($5.2m) ($1.9m) ($15k) $2.6m
Change In Other Current Assets — — — ($240k) ($63k) ($350k) ($455k)
Change In Other Current Liabilities — — — $0 ($63k) ($71k) ($79k)
Change In Other Working Capital — — — $608k ($55k) $500k $2.0m
Change In Payable — — — $8.8m $119k $918k ($1.7m)
Change In Payables And Accrued Expense — — — $10.3m $1.5m $1.3m ($845k)
Change In Prepaid Assets — — — ($22k) ($182k) ($89k) $6k
Change In Receivables — — — ($6.5m) ($9.4m) $2.2m ($619k)
Change In Working Capital — — — ($1.1m) ($10.2m) $3.5m $2.6m
Changes In Account Receivables — — — ($6.5m) ($6.5m) $43k $53k
Changes In Cash — — — $51.2m $34.4m ($24.1m) ($62.0m)
End Cash Position — — — $57.5m $91.9m $67.8m $5.8m
Financing Cash Flow — — — $196.9m ($57.4m) $4.8m ($107.7m)
Free Cash Flow — — — ($77.8m) $51.4m $3.0m $79.1m
Gain Loss On Sale Of PPE — — — $0 ($8.2m) $1.6m $0
Investing Cash Flow — — — ($186.7m) $12.3m ($106.7m) ($35.1m)
Issuance Of Capital Stock — — — $168.2m $29.1m $0 $60.0m
Net Foreign Currency Exchange Gain Loss — — — $0 ($426k) $2.0m ($968k)
Net PPE Purchase And Sale — — — ($118.7m) ($24.3m) ($33.5m) ($1.7m)
Net Preferred Stock Issuance — — $0 $200k $0 $0 —
Operating Gains Losses — — — — ($9.0m) $3.6m ($968k)
Other Non Cash Items — — — $94k $537k $71k $79k
Preferred Stock Issuance — — $0 $200k $0 $0 —
Proceeds From Stock Option Exercised — — — $0 ($1.5m) $9.1m $2.7m
Purchase Of PPE — — — ($118.7m) ($28.1m) ($74.7m) ($1.7m)
Repurchase Of Capital Stock — — — $0 ($5.9m) ($2.5m) $0
Sale Of PPE — — — $0 $3.9m $41.2m $0
Stock Based Compensation — — — $117k $2.4m $3.4m $3.2m
Net Cash Provided by (Used in) Operating Activities $8.6m $8.9m $5.2m $40.9m $79.5m $77.7m $80.8m
Cash flows from investing activities:
Repayment of seller and capital expenditures financing — — — — $0 $0 ($164.7m)
Capital Expenditure — — — ($118.7m) ($28.1m) ($74.7m) ($1.7m)
Net Investment Purchase And Sale — — — ($68.0m) $36.3m ($108.8m) ($33.4m)
Purchase Of Investment — — — ($68.0m) ($167.5m) ($259.6m) ($318.1m)
Sale Of Investment — — — $0 $203.8m $150.8m $284.8m
Net Cash Provided by (Used in) Investing Activities — ($728k) ($143k) ($186.7m) $12.3m ($106.7m) ($35.1m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — $28.0m $47.8m — — —
Issuance Of Debt — — $28.0m $47.8m $0 $0 —
Long Term Debt Issuance — — $28.0m $47.8m $0 $0 —
Net Issuance Payments Of Debt — — — $42.4m ($70.4m) $0 ($164.7m)
Net Long Term Debt Issuance — — — $42.4m ($70.4m) $0 ($164.7m)
Repayments of Long-term Debt — — — $5.4m $70.4m $0 $0
Long Term Debt Payments — — — ($5.4m) ($70.4m) $0 ($164.7m)
Repayment Of Debt — — — ($5.4m) ($70.4m) $0 ($164.7m)
Common Stock Issuance — — — $168.0m $29.1m $0 $60.0m
Net Common Stock Issuance — — — $168.0m $23.2m ($2.5m) $60.0m
Payments for Repurchase of Common Stock — — — — $5.9m $2.5m $0
Common Stock Payments — — — $0 ($5.9m) ($2.5m) $0
Dividends income from related party — — $0 $0 ($404k) $0 $0
Dividends income received — — — — $242k $0 $0
Dividends paid on preferred shares — $0 ($131k) ($1.7m) ($2.1m) ($1.7m) ($1.7m)
Non cash investing activity – Dividend on Series A Perpetual Convertible Preferred shares included in investment in related party — — — — $162k $0 $354k
Non cash financing activity – Dividend on Series A Preferred Shares included in payable to related parties — — — — $0 $4k $9k
Cash Dividends Paid — — — ($1.7m) ($2.1m) ($1.7m) ($1.7m)
Common Stock Dividend Paid — — ($25.8m) $0 $0 — —
Dividends Received CFI — — — $0 $242k $0 $0
Preferred Stock Dividend Paid — — — ($1.7m) ($2.1m) ($1.7m) ($1.7m)
Net Other Financing Charges — — — ($12.0m) ($6.5m) ($22k) ($4.0m)
Net cash (used in)/ provided by financing activities ($4.2m) ($9.3m) ($6.4m) $196.9m ($57.4m) $4.8m ($107.7m)
Net Cash Provided by (Used in) Financing Activities — ($9.3m) ($6.4m) $196.9m ($57.4m) $4.8m ($107.7m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($1.2m) ($1.3m) $51.2m $34.4m ($24.1m) ($62.0m)
Net increase/(decrease) in cash, cash equivalents $4.4m ($1.2m) ($1.3m) $51.2m $34.4m ($24.1m) ($62.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $7.6m $6.3m $57.5m $91.9m $67.8m $5.8m
Cash, cash equivalents at the beginning of the year $8.8m $7.6m $6.3m $57.5m $91.9m $67.8m $5.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — $51.2m $34.4m ($24.1m) ($62.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — ($196k) $898k $1.7m $0 $2.7m

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