← NORDIC AMERICAN TANKERS Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $82.2m | $58.4m | $49.3m | $48.8m | $57.8m | $34.7m | $59.6m | $31.1m | $39.2m | $45.9m | |
| Cash and Cash Equivalents | $82.2m | $58.4m | $49.3m | $48.8m | $57.8m | $34.7m | $59.6m | $31.1m | $39.2m | $45.9m | |
| Accounts Receivable, Net | $17.5m | $21.7m | $22.1m | $24.6m | $6.3m | $9.4m | $20.5m | $26.3m | $16.2m | $19.0m | |
| Prepaid Expenses | $4.5m | $3.4m | $3.8m | $3.4m | $5.5m | $4.8m | $6.0m | $4.3m | $6.2m | $8.4m | |
| Other Current Assets | $2.5m | $4.4m | $1.8m | $3.3m | $1.6m | $1.9m | $3.5m | $2.6m | $3.4m | $4.1m | |
| Inventory, Net | $20.9m | $23.1m | $20.3m | $22.5m | $19.4m | $20.9m | $25.4m | $31.2m | $21.9m | $19.9m | |
| Assets, Current | $163.7m | $127.0m | $112.9m | $129.4m | $99.5m | $107.1m | $142.7m | $108.9m | $98.8m | $150.9m | |
| Total Current Assets | $163.7m | $127.0m | $112.9m | $129.4m | $99.5m | $107.1m | $142.7m | $108.9m | $98.8m | $150.9m | |
| Property, Plant and Equipment, Net | $338k | $169k | $128k | $65k | $242k | $756k | $730k | $969k | $749k | — | |
| Goodwill | $19.0m | $0 | — | — | — | — | — | — | — | — | |
| Operating Lease, Right-of-Use Asset | — | — | — | $1.4m | $1.2m | $1.9m | $1.2m | $578k | $975k | $738k | |
| Other Assets, Noncurrent | $10.5m | $16.0m | $211k | $1.5m | $1.3m | $2.7m | $878k | $1.1m | $2.6m | $2.4m | |
| Right of Use Assets | — | — | — | $1.4m | $1.2m | $1.9m | $1.2m | $578k | $975k | $738k | |
| Non-current liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $18.1m | $21.7m | $22.1m | $24.6m | $6.3m | $9.4m | $20.5m | $26.3m | $16.2m | $19.0m | |
| Accrued Liabilities, Current | $7.6m | $11.2m | $9.0m | $15.6m | — | — | — | — | $599k | $628k | |
| Restricted Cash | — | — | $0 | $12.8m | $4.2m | $9.9m | $3.7m | $2.3m | $5.2m | $0 | |
| Voyages in Progress | $35.6m | $15.3m | $15.1m | $13.1m | $4.6m | $10.5m | $24.0m | $11.2m | $6.6m | $17.6m | |
| Vessels Held for Sale | — | — | — | — | $0 | $15.0m | $0 | — | $0 | $36.0m | |
| Vessels | — | — | $953.8m | $900.0m | $861.3m | $715.3m | $735.1m | $768.6m | $715.3m | $748.2m | |
| Other Non-Current Assets | $10.5m | $16.0m | $211k | $1.5m | $1.3m | $2.7m | $878k | $1.1m | $2.6m | $2.4m | |
| Other Current Liabilities | — | $11.2m | $9.0m | $15.6m | $8.2m | $8.6m | $14.4m | $10.9m | $7.6m | $10.4m | |
| Other Non-Current Liabilities | — | — | — | $153k | $197k | $724k | $615k | $717k | $845k | $483k | |
| Contributed Surplus | $640.5m | $796.8m | $786.9m | $567.2m | $539.5m | $529.8m | $507.1m | $404.8m | $321.2m | $245.0m | |
| Liabilities, Noncurrent | $457.3m | $404.7m | $432.8m | $376.5m | $335.5m | $285.3m | $267.5m | $270.4m | $249.0m | $389.2m | |
| Total Non-Current Assets | $1.2b | $1.0b | $958.2m | $901.5m | $874.8m | $744.0m | $737.2m | $770.3m | $718.8m | $751.3m | |
| Total Non-Current Liabilities | $457.3m | $404.7m | $432.8m | $376.5m | $335.5m | $285.3m | $267.5m | $270.4m | $249.0m | $389.2m | |
| Total Shareholders' Equity | $871.0m | $711.1m | $602.0m | $595.4m | $599.1m | $498.2m | $540.0m | $538.3m | $508.8m | $445.5m | |
| Assets | $1.3b | $1.1b | $1.1b | $1.0b | $974.3m | $851.2m | $879.9m | $879.2m | $817.6m | $902.2m | |
| Total Assets | $1.3b | $1.1b | $1.1b | $1.0b | $974.3m | $851.2m | $879.9m | $879.2m | $817.6m | $902.2m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts Payable, Current | $4.3m | $3.2m | $3.6m | $8.4m | $4.1m | $6.6m | $7.0m | $3.4m | $4.3m | $2.5m | |
| Long-term Debt, Current Maturities | — | $0 | $18.7m | $23.5m | $22.1m | $37.5m | $39.7m | $31.9m | $21.6m | $35.4m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $934k | $730k | $1.1m | $535k | $0 | — | — | |
| Long-term Debt, Excluding Current Maturities | $442.8m | $388.9m | $417.8m | $375.4m | $334.6m | $283.4m | $266.3m | $269.7m | $248.1m | $388.7m | |
| Deferred Revenue, Current | — | — | — | — | $140k | $2.8m | $6.1m | $3.9m | $5.6m | $3.8m | |
| Dividends Payable, Current | — | — | — | — | — | — | — | $12.5m | $8.5m | $0 | |
| Accrued Voyage Expenses | $9.6m | $10.9m | $5.1m | $11.5m | $5.3m | $15.0m | $11.3m | $11.7m | $12.3m | $15.2m | |
| Dividends Payable | — | — | — | — | — | — | $0 | $12.5m | $8.5m | $0 | |
| Current Portion of Long-Term Debt | — | $0 | $18.7m | $23.5m | $22.1m | $37.5m | $39.7m | $31.9m | $21.6m | $35.4m | |
| Liabilities, Current | $21.5m | $25.3m | $36.3m | $59.0m | $39.7m | $67.6m | $72.4m | $70.5m | $59.8m | $67.4m | |
| Total Current Liabilities | $21.5m | $25.3m | $36.3m | $59.0m | $39.7m | $67.6m | $72.4m | $70.5m | $59.8m | $67.4m | |
| Other Liabilities, Noncurrent | — | — | — | — | — | — | $615k | $717k | $845k | $483k | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $1.0m | $1.4m | $1.4m | $1.5m | $1.5m | $1.8m | $2.1m | $2.1m | $2.1m | $2.1m | |
| Retained Earnings (Accumulated Deficit) | ($4.5m) | ($209.4m) | ($308.8m) | ($10.4m) | $0 | ($171.3m) | ($156.2m) | ($57.5m) | ($10.9m) | $1.4m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($1.0m) | ($1.2m) | ($1.3m) | ($1.4m) | ($1.3m) | ($1.6m) | ($1.8m) | ($2.1m) | ($1.8m) | ($1.2m) | |
| Additional Paid in Capital, Common Stock | $235.1m | $123.4m | $123.9m | $38.5m | $59.4m | $139.5m | $188.8m | $191.0m | $198.2m | $198.2m | |
| Common Stock, par value $0.01 per share 360,000,000 authorized, 211,750,663 and 211,750,663 issued and outstanding at December 31, 2024, and 2023, respectively | $1,020,000.00 | $1,420,000.00 | $1,420,000.00 | $1,472,000.00 | $1,514,000.00 | $1,836,000.00 | $2,087,000.00 | $2,087,000.00 | $2,117,000.00 | $2,117,000.00 | |
| Additional Paid-in Capital | $235.1m | $123.4m | $123.9m | $38.5m | $59.4m | $139.5m | $188.8m | $191.0m | $198.2m | $198.2m | |
| Accumulated Other Comprehensive Loss | ($1.0m) | ($1.2m) | ($1.3m) | ($1.4m) | ($1.3m) | ($1.6m) | ($1.8m) | ($2.1m) | ($1.8m) | ($1.2m) | |
| Stockholders' Equity Attributable to Parent | $871.0m | $711.1m | $602.0m | $595.4m | $599.1m | $498.2m | $540.0m | $538.3m | $508.8m | $445.5m | |
| Liabilities and Equity | $1.3b | $1.1b | $1.1b | $1.0b | $974.3m | $851.2m | $879.9m | $879.2m | $817.6m | $902.2m | |
| Total Liabilities and Shareholders' Equity | $1.3b | $1.1b | $1.1b | $1.0b | $974.3m | $851.2m | $879.9m | $879.2m | $817.6m | $902.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.