← TSAKOS ENERGY NAVIGATION 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 — — — — — — $208.5m $305.1m $181.6m $164.9m
Net Income (Loss) Attributable to Parent $55.8m $7.6m ($99.2m) $15.1m $24.0m ($151.4m) $204.2m $300.2m $176.2m $160.9m
Net Income (Loss) Available to Common Stockholders, Basic $39.9m ($16.2m) ($133.0m) ($28.0m) ($15.1m) ($187.2m) $168.3m $266.7m $148.3m $132.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $56.5m $9.2m ($101.0m) $14.0m $27.2m ($150.6m) $208.5m $305.1m $181.6m $164.9m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — $27.2m ($150.6m) $208.5m $305.1m $181.6m $164.9m
Net Income (Loss) Attributable to Noncontrolling Interest $712k $1.6m ($1.8m) ($1.1m) $3.2m $820k $4.2m $4.9m $5.4m $4.0m
Depreciation and amortization $113.4m $139.0m $146.8m $139.4m $137.1m $143.3m $140.8m $144.2m $159.9m $170.1m
Depreciation, Depletion and Amortization, Nonproduction $113.4m $139.0m $146.8m $139.4m $137.1m $143.3m $140.8m $144.2m $159.9m $170.1m
Amortization — — $9.8m — — — — — — —
Amortization of Debt Issuance Costs $1.7m $4.2m $4.0m $4.8m $3.8m $3.2m $4.1m $3.6m $3.6m $3.3m
Depreciation — — $137.0m $128.8m $127.3m $126.8m $120.5m $122.8m $138.4m $148.3m
Depreciation Amortization Depletion — — — — — — $121.6m $123.1m $139.8m $148.3m
Share-based Payment Arrangement, Noncash Expense $510k $487k $0 $0 — — — — — —
Share-based Payment Arrangement, Expense — — — — — — — — $8.1m $7.1m
Asset Impairment Charge — — — — — — $0 $26.4m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $0 ($3.9m) ($364k) $0 ($6.5m) $5.8m ($440k) $81.2m $48.7m $12.5m
Other Nonoperating Income (Expense) $1.9m $1.5m $1.4m ($825k) $36k ($18k) $366k ($176k) $99k ($26k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $4.3m ($2.5m) $4.1m ($7.4m) $8.8m $1.1m $3.3m ($3.7m) ($3.6m) ($6.4m)
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — — — — — — — $69k
Debt Securities, Realized Gain (Loss) — — — — — — — — $166k $144k
General and Administrative Expense $25.6m $26.3m $27.0m $27.7m $29.0m $29.1m $29.9m $33.3m $45.4m $42.1m
Investment Income, Interest $623k $1.1m $2.5m $3.7m $1.1m $703k $2.0m $14.6m $15.1m $10.5m
Nonoperating Income (Expense) ($33.3m) ($54.3m) ($72.9m) ($71.9m) ($69.5m) ($30.7m) ($47.9m) ($86.4m) ($96.9m) ($87.4m)
Operating Costs and Expenses — — — — — — — $194.9m $198.0m $211.0m
Payments of Financing Costs $6.4m $3.2m $4.3m $3.6m $3.0m $1.3m $6.3m $4.0m $4.8m $1.8m
Proceeds from Contributed Capital $0 — — — — — — — — —
Unrealized Gain (Loss) on Derivatives — — — — — — — $0 $0 —
Beginning Cash Position — — — — — — $127.2m $309.4m $376.7m $348.3m
Cash Flow From Continuing Financing Activities — — — — — — $195.5m ($190.6m) $105.5m $110.3m
Cash Flow From Continuing Investing Activities — — — — — — ($301.8m) ($137.4m) ($441.6m) ($458.1m)
Change In Account Payable — — — — — — ($27.1m) ($11.8m) $13.0m ($10.9m)
Change In Accrued Expense — — — — — — $8.3m ($2.8m) $10.3m $18.2m
Change In Inventory — — — — — — ($3.3m) $3.7m $3.6m $6.4m
Change In Other Working Capital — — — — — — $18.5m $6.3m $5.5m ($19.5m)
Change In Payable — — — — — — ($27.1m) ($11.8m) $13.0m ($10.9m)
Change In Payables And Accrued Expense — — — — — — ($18.7m) ($14.6m) $23.3m $7.3m
Change In Prepaid Assets — — — — — — ($5.0m) $2.9m ($3.4m) ($929k)
Change In Receivables — — — — — — ($35.2m) $28.4m $16.9m $4.1m
Change In Working Capital — — — — — — ($43.7m) $26.7m $45.8m ($2.6m)
Changes In Cash — — — — — — $182.2m $67.3m ($28.4m) ($50.2m)
End Cash Position — — — — — — $309.4m $376.7m $348.3m $298.1m
Financing Cash Flow — — — — — — $195.5m ($190.6m) $105.5m $110.3m
Free Cash Flow — — — — — — ($44.8m) $96.9m ($342.3m) ($224.1m)
Gain Loss On Investment Securities — — — — — — $10.3m ($5.9m) ($3.5m) $254k
Gain Loss On Sale Of PPE — — — — — — $440k ($81.2m) ($48.7m) ($12.5m)
Investing Cash Flow — — — — — — ($301.8m) ($137.4m) ($441.6m) ($458.1m)
Issuance Of Capital Stock — — — — — $77.2m $44.0m $0 $0 —
Net PPE Purchase And Sale — — — — — — ($301.8m) ($132.4m) ($421.6m) ($422.7m)
Net Preferred Stock Issuance — — — — — — ($2.3m) ($108.3m) $0 $0
Operating Gains Losses — — — — — — $10.7m ($87.1m) ($52.2m) ($12.2m)
Other Non Cash Items — — — — — — ($8.6m) $1.1m ($15.5m) ($7.9m)
Preferred Stock Issuance — — — — — $23.7m $192k $0 $0 —
Preferred Stock Payments — — — — — — ($2.5m) ($108.3m) $0 $0
Purchase Of PPE — — — — — — ($333.4m) ($298.4m) ($650.0m) ($521.7m)
Repurchase Of Capital Stock — — — — — — ($2.5m) ($108.3m) $0 $0
Sale Of PPE — — — — — — $31.6m $165.9m $228.4m $99.0m
Stock Based Compensation — — — — — — $0 $0 $8.1m $7.1m
Derivative, Gain (Loss) on Derivative, Net $5.2m $3.7m ($10.3m) $820k ($8.1m) $12.1m $5.9m $5.9m $3.5m ($254k)
Net Cash Provided by (Used in) Operating Activities $170.4m $170.8m $73.9m $184.3m $205.4m $53.1m $288.5m $395.3m $307.7m $297.6m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($333.4m) ($298.4m) ($650.0m) ($521.7m)
Net Investment Purchase And Sale — — — — — — $0 ($5.0m) ($20.0m) ($30.4m)
Purchase Of Investment — — — — — — $0 ($5.0m) ($20.0m) ($40.4m)
Sale Of Investment — — — — — — — $0 $0 $10.0m
Net Cash Provided by (Used in) Investing Activities ($576.1m) ($241.8m) ($179k) ($102.2m) ($94.6m) ($8.0m) ($301.8m) ($137.4m) ($441.6m) ($458.1m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $777.5m $397.1m $352.9m $494.4m $348.9m $189.8m $701.1m $411.4m $410.6m $490.9m
Issuance Of Debt — — — — — — $701.1m $411.4m $410.6m $490.9m
Long Term Debt Issuance — — — — — — $701.1m $411.4m $410.6m $490.9m
Net Issuance Payments Of Debt — — — — — — $206.9m ($14.9m) $184.5m $173.1m
Net Long Term Debt Issuance — — — — — — $206.9m ($14.9m) $184.5m $173.1m
Repayments of Long-term Debt $411.6m $400.1m $508.8m $556.9m $383.7m $318.9m $494.2m $426.3m $226.1m $317.7m
Long Term Debt Payments — — — — — — ($494.2m) ($426.3m) ($226.1m) ($317.7m)
Repayment Of Debt — — — — — — ($494.2m) ($426.3m) ($226.1m) ($317.7m)
Proceeds from Issuance of Common Stock — — — $16.6m $3.5m $53.5m $43.8m $0 $0 —
Common Stock Issuance — — — — — $53.5m $43.8m $0 $0 —
Net Common Stock Issuance — — — — — $53.3m $43.8m $0 $0 —
Payments for Repurchase of Common Stock $20.7m $0 $0 — — — — — — —
Common Stock Payments — — — — — ($168k) $0 $0 — —
Proceeds from Noncontrolling Interests — — — $10.0m $4.0m $0 $0 — — —
Dividends paid $40.4m $39.9m $44.4m $49.3m $46.7m $36.3m $43.7m $61.9m $71.8m $60.1m
Dividends Payable, Current — — — — — — — — — $15.1m
Cash Dividends Paid — — — — — — ($43.7m) ($61.9m) ($71.8m) ($60.1m)
Net Other Financing Charges — — — — — — ($9.2m) ($5.5m) ($7.2m) ($2.7m)
Net Cash Provided by (Used in) Financing Activities $303.8m $73.0m ($55.9m) ($104.9m) ($136.8m) ($89.7m) $195.5m ($190.6m) $105.5m $110.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($107.2m) $4.9m $220.5m $197.8m $171.8m $127.2m $309.4m $376.7m $348.3m $298.1m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $182.2m $67.3m ($28.4m) ($50.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $35.3m $56.6m $67.9m $70.8m $53.8m $40.8m $48.9m $101.3m $108.6m $94.0m

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