Nordic American Tankers Limited
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Nordic American Tankers Limited generated cash of $139,445,000, which is more than the previous year. Cash used in financing activities reached the amount of -$95,672,000 last year. Net change in cash is therefore -$29,941,001.
Cash Flow
| 2014 | 57.47M | -81.68M | 59.36M |
|---|---|---|---|
| 2015 | 174.39M | -197.42M | -47.71M |
| 2016 | 127.78M | -186.80M | 111.28M |
| 2017 | 31.74M | -46.52M | -18.96M |
| 2018 | -16.10M | 85.05M | -78.03M |
| 2019 | 52.85M | -2.31M | -38.25M |
| 2020 | 110.94M | -17.47M | -93.07M |
| 2021 | -44.45M | -3.46M | 30.51M |
| 2022 | 24.13M | -14.34M | 9.00M |
| 2023 | 139.44M | -73.67M | -95.67M |
NAT Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 63.30M | 44.64M | 62.07M | 61.63M | 49.32M | 58.35M | 82.17M | 29.88M | 100.73M | 65.67M |
Operating activities | ||||||||||
Net income | 98.71M | 15.10M | -171.32M | 50.03M | -10.35M | -95.30M | -204.96M | -4.45M | 114.62M | -12.80M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 51.39M | 50.42M | 68.35M | 67.83M | 63.96M | 60.69M | 100.66M | 90.88M | 82.61M | 80.53M |
Stock-based compensation expense | 2.20M | 476K | 339K | 285K | 156K | 413K | 522K | 430K | 388K | 997K |
| Deferred income tax benefit | 2.20M | 476K | 339K | 285K | 156K | 413K | 522K | 430K | 388K | 997K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -5.81M | -11.1M | -3.02M | 18.10M | -1.98M | -120K | -4.40M | 10.09M | -11.75M | 3.53M |
Inventories | -5.75M | -4.55M | -1.46M | 3.06M | -2.18M | 2.79M | -2.2M | -6.04M | 7.38M | 2.43M |
Accounts payable | -8.47M | 230K | 0 | -19.25M | 10.12M | -7.11M | 1.07M | 668K | -3.86M | 2.78M |
Cash generated by operating activities | 139.44M | 24.13M | -44.45M | 110.94M | 52.85M | -16.10M | 31.74M | 127.78M | 174.39M | 57.47M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | -10M | 0 | -9.50M | -11.40M |
Investments In Property Plant And Equipment | -73.67M | -95.41M | -17.72M | -18.07M | -2.53M | -4.87M | -37.56M | -138.36M | -187.37M | -74.05M |
Acquisitions Net | 0 | 81.07M | 14.26M | 0 | 0 | 89.62M | 0 | 0 | 334K | 0 |
Cash generated by investing activities | -73.67M | -14.34M | -3.46M | -17.47M | -2.31M | 85.05M | -46.52M | -186.80M | -197.42M | -81.68M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 49.09M | 80.05M | 20.71M | 17.92M | 0 | 103.74M | 120.06M | 0 | 113.43M |
Payments for dividends | -89.78M | -22.68M | -9.7M | -67.24M | -14.25M | -9.93M | -54.22M | -125.65M | -123.07M | -54.06M |
Repurchases of common stock | 0 | 0 | 0 | 29.3M | 0 | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | -5.22M | -17.40M | -38.73M | -75.52M | -27.72M | -80.60M | -55.35M | -116.87M | 80M | 0 |
Cash used in financing activities | -95.67M | 9.00M | 30.51M | -93.07M | -38.25M | -78.03M | -18.96M | 111.28M | -47.71M | 59.36M |
Net Change In Cash | -29.94M | 18.65M | -17.42M | 432K | 12.31M | -9.03M | -23.81M | 52.28M | -70.84M | 35.06M |
Cash at end of period | 33.36M | 63.30M | 44.64M | 62.07M | 61.63M | 49.32M | 58.35M | 82.17M | 29.88M | 100.73M |
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