Tsakos Energy Navigation Limited
Cash Flow
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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 Tsakos Energy Navigation Limited generated cash of $391,327,000, which is more than the previous year. Cash used in financing activities reached the amount of -$186,631,000 last year. Net change in cash is therefore $67,255,000.
Cash Flow
| 2014 | 106.97M | -254.30M | 187.20M |
|---|---|---|---|
| 2015 | 234.40M | -174.75M | 27.91M |
| 2016 | 170.35M | -576.07M | 303.82M |
| 2017 | 170.82M | -241.79M | 72.95M |
| 2018 | 73.94M | -179K | -55.91M |
| 2019 | 184.34M | -102.20M | -104.9M |
| 2020 | 205.41M | -94.61M | -136.80M |
| 2021 | 53.11M | -8.00M | -89.68M |
| 2022 | 288.52M | -301.81M | 195.52M |
| 2023 | 391.32M | -137.44M | -186.63M |
TNP-PE Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 309.43M | 127.19M | 171.77M | 197.77M | 220.52M | 202.67M | 187.77M | 289.67M | 202.10M | 162.23M |
Operating activities | ||||||||||
Net income | 300.18M | 208.46M | -150.58M | 27.22M | 14.00M | -101.04M | 9.18M | 56.49M | 158.42M | 33.71M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 144.24M | 121.57M | 126.82M | 127.27M | 128.78M | 137.02M | 131.87M | 107.08M | 99.57M | 97.93M |
Stock-based compensation expense | 0 | 0 | 0 | 0 | 0 | 0 | 487K | 510K | 0 | 142K |
| Deferred income tax benefit | 0 | 0 | 0 | 0 | 0 | 0 | 487K | 510K | 0 | 142K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 28.37M | -35.23M | -1.32M | 19.65M | -9.05M | -15.99M | 8.57M | -5.44M | -9.19M | -15.94M |
Inventories | 3.70M | -3.29M | -1.10M | -8.78M | 7.35M | -4.09M | 2.46M | -4.34M | 1.53M | 3.71M |
Accounts payable | -11.83M | -27.06M | 23.36M | 14.98M | 2.41M | -12.46M | -4.04M | 23.39M | -8.18M | -16.06M |
Cash generated by operating activities | 391.32M | 288.52M | 53.11M | 205.41M | 184.34M | 73.94M | 170.82M | 170.35M | 234.40M | 106.97M |
Investing activities | ||||||||||
Purchases Of Investments | -5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -298.38M | -333.36M | -61.22M | -188.24M | -102.20M | -17.31M | -293.34M | -576.07M | -217.51M | -254.30M |
Acquisitions Net | 165.94M | 31.55M | 53.22M | 97.62M | 10M | 17.13M | 51.55M | 0 | 42.76M | 0 |
Cash generated by investing activities | -137.44M | -301.81M | -8.00M | -94.61M | -102.20M | -179K | -241.79M | -576.07M | -174.75M | -254.30M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 43.84M | 53.47M | 3.46M | 16.55M | 4.51M | 10.85M | 777.53M | 81.78M | 176.4M |
Payments for dividends | -61.86M | -43.71M | -36.31M | -46.70M | -49.30M | -44.44M | -39.87M | -40.35M | -33.40M | -21.42M |
Repurchases of common stock | -108.31M | -2.5M | -168K | -59.83M | -50M | 497.15M | 508.12M | -20.68M | 0 | 158.53M |
Repayments of term debt | -16.45M | 204.00M | -318.90M | -383.66M | -62.57M | -508.83M | -2.96M | -411.58M | -14.93M | -120.49M |
Cash used in financing activities | -186.63M | 195.52M | -89.68M | -136.80M | -104.9M | -55.91M | 72.95M | 303.82M | 27.91M | 187.20M |
Net Change In Cash | 67.25M | 182.24M | -44.57M | -25.99M | -22.75M | 17.85M | 1.98M | -101.89M | 87.56M | 39.87M |
Cash at end of period | 376.69M | 309.43M | 127.19M | 171.77M | 197.77M | 220.52M | 189.76M | 187.77M | 289.67M | 202.10M |
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