← Intrepid Potash, 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 (Loss) Attributable to Parent ($66.6m) ($22.6m) $11.8m $13.6m ($27.2m) $249.8m $72.2m ($35.7m) ($212.8m) $11.2m
Net Income (Loss) Available to Common Stockholders, Basic ($66.6m) ($22.9m) $11.8m $13.6m ($27.2m) $249.8m $72.2m ($35.7m) ($212.8m) $11.2m
Depreciation, Depletion and Amortization $42.7m $34.8m $32.2m $34.3m $36.1m $36.0m $35.0m $39.4m $37.7m $40.6m
Depreciation $36.2m $28.3m $27.9m $27.9m $29.7m $29.4m $29.8m $34.3m $31.4m $33.9m
Amortization of Debt Issuance Costs $2.1m $1.8m $732k $303k $425k $314k $265k $301k $301k $301k
Amortization of Intangible Assets — — $0 $214k $322k $322k $322k $322k $328k $328k
Amortization of deferred financing costs $2.1m $1.8m $732k $303k $425k $314k $265k $301k $301k $301k
Deferred Income Tax Expense (Benefit) $0 — — — — ($209.1m) $23.3m ($8.5m) $194.2m $0
Deferred tax assets, net $0 — — $0 $0 ($209.1m) $23.3m ($8.5m) $194.2m $0
Share-based Payment Arrangement, Noncash Expense $3.6m $3.6m $4.2m $4.3m $3.8m $3.0m $6.2m $6.5m $3.6m $5.1m
Payment, Tax Withholding, Share-based Payment Arrangement $173k $781k $903k $540k $172k $791k $4.8m $1.5m $775k $1.1m
Share-based Payment Arrangement, Expense $3.6m $3.6m $4.2m $4.3m $3.8m $3.0m $6.2m $6.5m $3.6m $5.1m
Impairment of Intangible Assets (Excluding Goodwill) — — — — $0 $0 $0 — — —
Impairment of long-lived assets $0 — — — — $0 $0 $43.3m $10.7m $1.9m
Gain (Loss) on Disposition of Assets ($262k) ($1.8m) $87k ($345k) $4.2m $2.5m ($7.5m) ($807k) ($2.0m) $1.2m
Gain (Loss) on Extinguishment of Debt — — — — — $10.1m $0 $0 — —
Income (Loss) from Equity Method Investments — — — — — — $689k ($486k) ($299k) ($374k)
Income Tax Expense (Benefit) ($1.4m) ($2.8m) $108k $53k $5k ($208.9m) $24.3m ($8.4m) $194.3m $544k
Other Nonoperating Income (Expense) $1.1m $397k $142k $355k $384k $48k $305k $95k $45k ($762k)
Loss on equity investment — — — — — — $0 $0 $266k $888k
Operating lease liabilities — — — ($2.1m) ($2.2m) ($2.5m) ($2.0m) ($1.7m) ($1.4m) ($1.1m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $600k $5.6m $7.5m ($1.3m) ($1.2m) $12.6m ($8.7m) ($4.5m) $508k $11.4m
Increase (Decrease) in Inventories $12.2m $6.7m $67k $11.5m $291k ($7.4m) $33.3m $11.9m $10.8m $3.9m
Asset Retirement Obligation, Accretion Expense $1.8m $1.6m $1.7m $1.8m $1.7m $1.9m $2.0m $2.1m $2.5m $2.6m
Gain (Loss) Related to Litigation Settlement — — — — ($10.1m) $0 $0 — — —
Inventory Write-down $20.4m $7.3m $1.7m $1.8m $4.0m $0 $0 $6.5m $4.0m $4.4m
Investment Income, Interest $286k $6k $110k — — — $176k $298k $1.7m $2.4m
Proceeds from Stock Options Exercised — $121k $114k $21k $108k $89k $110k $0 $0 $1.8m
Revenue from Contract with Customer, Including Assessed Tax — — — — — — — — — $298.3m
Unrealized Gain (Loss) on Investments — — — — — — — — ($266k) ($888k)
Accretion of asset retirement obligation $1.8m $1.6m $1.7m $1.8m $1.7m $1.9m $2.0m $2.1m $2.5m $2.6m
Stock-based compensation $3.6m $3.6m $4.2m $4.3m $3.8m $3.0m $6.2m $6.5m $3.6m $5.1m
Reserve for obsolescence $349k $1.1m $15k $0 $492k $2.1m $1.8m $509k $1.8m $2.4m
Allowance for doubtful accounts — $865k $100k $75k $75k $0 $0 $110k $120k $62k
(Gain) loss on sale or disposal of assets $262k $1.8m ($87k) $345k ($4.2m) ($2.5m) $7.5m $807k $2.0m ($1.2m)
Equity in earnings of unconsolidated entities — — — — $0 $0 ($689k) $486k $299k $374k
Distribution of earnings from unconsolidated entities — — — — — $0 $0 $452k $0 $0
Lower of cost or net realizable value inventory adjustments $20.4m $7.3m $1.7m $1.8m $4.0m $0 $0 $6.5m $4.0m $4.4m
Trade accounts receivable, net ($600k) ($5.6m) ($7.5m) $1.3m $1.2m ($12.6m) $8.7m $4.5m ($508k) ($11.4m)
Other receivables, net $977k ($270k) $165k ($650k) ($609k) $589k $140k ($701k) $642k $593k
Inventory, net ($12.2m) ($6.7m) ($67k) ($11.5m) ($291k) $7.4m ($33.3m) ($11.9m) ($10.8m) ($3.9m)
Other current assets $5.4m $3.5m $1.8m ($1.0m) $2.3m ($2.0m) $191k ($3.9m) ($362k) ($2.2m)
Accounts payable, accrued liabilities and accrued employee compensation and benefits ($12.4m) ($3.8m) $1.7m $2.3m $2.3m $13.5m ($3.6m) $1.3m ($3.5m) $4.7m
Deferred other income — — — — — — $0 $5.0m $42.7m ($2.3m)
Other liabilities ($1.5m) $102k $12.2m $5.4m $13.4m $3.4m ($28.7m) ($858k) $1.2m $2.7m
Deposit received — — — — — — — $0 $0 $8.0m
Additions to intangible Assets — — $0 ($16.9m) $0 $0 $0 $0 ($200k) $0
Proceeds from loan under CARES Act — — $0 $0 $10.0m $0 $0 — — —
Proceeds from borrowings on credit facility — $22.0m $13.5m $30.3m $10.0m $0 $0 $9.0m $0 $0
Repayments of borrowings on credit facility — ($18.1m) ($17.4m) ($10.5m) $0 ($29.8m) $0 ($5.0m) ($4.0m) $0
Payments of financing leases — — $0 $0 ($74k) ($1.3m) $0 ($597k) ($942k) ($1.0m)
Capitalized debt costs ($3.9m) ($129k) ($210k) ($503k) ($36k) $0 ($1.0m) $0 $0 —
Proceeds from exercise of stock options — $121k $114k $21k $108k $89k $110k $0 $0 $1.8m
Interest $9.0m $11.6m $3.5m $2.7m $2.5m $875k $113k $411k $503k $463k
Income taxes ($100k) ($1.5m) ($3.5m) $942k $97k $193k $1.0m $179k $9k $487k
Accrued purchases for property, plant, equipment, mineral properties, and development costs $793k $4.1m $1.1m $5.0m $344k $2.2m $8.5m $4.6m $1.9m $2.3m
Other Operating Income (Expense), Net $1.7m $2.8m ($141k) ($1.2m) ($735k) ($178k) ($4.7m) ($2.2m) ($6.0m) —
Net Cash Provided by (Used in) Operating Activities ($18.3m) $17.2m $64.2m $49.4m $31.1m $79.1m $88.8m $43.2m $72.5m $55.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $17.9m $13.5m $16.9m $63.8m $16.4m $19.8m $68.7m $65.1m $38.7m $30.2m
Proceeds from sale of property, plant, equipment, and mineral properties $0 $5.7m $110k $68k $4.8m $6.0m $58k $125k $4.8m $5.8m
Payments to Acquire Investments $10.3m — — — — — — — — —
Purchase of investments — — $0 $0 ($3.5m) ($1.1m) ($13.0m) ($1.4m) $0 $0
Proceeds from redemptions/maturities of investments — — — — $0 $0 $2.5m $6.0m $3.0m $1.0m
Payments for (Proceeds from) Other Investing Activities — — — — — — — ($796k) ($1.5m) ($2.1m)
Other investing, net — — — — — $0 $0 $796k $1.5m $2.1m
Net Cash Provided by (Used in) Investing Activities $32.5m ($7.9m) ($16.8m) ($80.6m) ($15.2m) ($14.8m) ($79.2m) ($59.6m) ($29.5m) ($13.3m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — $0 $0 — — —
Repayments of Long-term Debt $15.0m $75.0m $10.0m $0 $35.0m $15.0m $0 $0 — —
Debt prepayment costs $0 ($3.0m) ($402k) $0 ($1.9m) ($505k) $0 $0 — —
Proceeds from Issuance of Common Stock — $59.1m — — — — — — — —
Payments for Repurchase of Common Stock — — — — — — $22.0m $0 $0 —
Repurchases of common stock — — — — $0 $0 ($22.0m) $0 $0 —
Net cash (used in) provided by financing activities ($19.1m) ($15.8m) ($15.3m) $18.8m ($17.0m) ($47.3m) ($27.7m) $1.9m ($5.7m) ($276k)
Net Cash Provided by (Used in) Financing Activities ($19.1m) ($12.8m) ($15.3m) $18.8m ($17.0m) ($47.3m) ($27.7m) $1.9m ($5.7m) ($276k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $32.2m ($12.5m) ($1.1m) $17.0m ($18.1m) ($14.4m) $37.2m $42.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $33.7m $21.2m $20.2m $37.1m $19.1m $4.7m $41.9m $84.1m
Net Change in Cash, Cash Equivalents, and Restricted Cash ($1.3m) ($6.9m) $32.2m ($12.5m) ($1.1m) $17.0m ($18.1m) ($14.4m) $37.2m $42.2m
Cash, Cash Equivalents, and Restricted Cash, beginning of period $8.5m $1.5m $33.7m $21.2m $20.2m $37.1m $19.1m $4.7m $41.9m $84.1m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $11.6m $3.5m $2.7m $2.5m $875k $113k $411k $503k $463k
Income Taxes Paid, Net ($100k) ($1.5m) ($3.5m) $942k $97k $193k $1.0m $179k $9k $487k

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