Top Ships
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 Top Ships generated cash of $28,933,000, which is less than the previous year. Cash used in financing activities reached the amount of -$16,041,000 last year. Net change in cash is therefore $15,412,000.
Cash Flow
| 2014 | -2.80M | -44.45M | 37.54M |
|---|---|---|---|
| 2015 | -1.38M | -850K | 4.90M |
| 2016 | 6.70M | -77.07M | 67.82M |
| 2017 | 695K | -59.06M | 83.39M |
| 2018 | 716K | -68.42M | 44.75M |
| 2019 | 19.19M | -203.26M | 189.68M |
| 2020 | 6.04M | 181.29M | -177.27M |
| 2021 | 16.06M | -76.65M | 43.63M |
| 2022 | 33.41M | -142.65M | 127.41M |
| 2023 | 28.93M | 2.52M | -16.04M |
TOPS Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 20.54M | 6.37M | 23.32M | 13.27M | 7.66M | 30.61M | 5.59M | 2.66M | -2.23M | 9.70M |
Operating activities | ||||||||||
Net income | 6.06M | 18.94M | 8.61M | -22.81M | -14.77M | -11.12M | -13.37M | 1.05M | -8.50M | 2.89M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 23.58M | 21.86M | 15.62M | 13.21M | 12.44M | 6.76M | 5.86M | 3.58M | 795K | 877K |
Stock-based compensation expense | 0 | -16K | 0 | 0 | -34K | 0 | -25K | 239K | 131K | 0 |
| Deferred income tax benefit | 0 | -16K | 0 | 0 | -34K | 0 | -25K | 239K | 131K | 0 |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -309K | 68K | -76K | 642K | 173K | -194K | -602K | 88K | -57K | -50K |
Inventories | 111K | -355K | -157K | 334K | -385K | 58K | -62K | -181K | -78K | -324K |
Accounts payable | -503K | -82K | -123K | -2.08M | 1.46M | 695K | -207K | 954K | 114K | -311K |
Cash generated by operating activities | 28.93M | 33.41M | 16.06M | 6.04M | 19.19M | 716K | 695K | 6.70M | -1.38M | -2.80M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -2.30M | -2.97M | -27.45M | 0 | -1.19M | -17.63M | -3.71M | -1.58M | 0 |
Investments In Property Plant And Equipment | 0 | -216.71M | -115.51M | -120.82M | -203.23M | -63.55M | -41.42M | -73.38M | -53.41M | -45.91M |
Acquisitions Net | 2.52M | 2.30M | 2.97M | -7.89M | 0 | -3.68M | -17.63M | 29K | 54.15M | 0 |
Cash generated by investing activities | 2.52M | -142.65M | -76.65M | 181.29M | -203.26M | -68.42M | -59.06M | -77.07M | -850K | -44.45M |
Financing activities | ||||||||||
Common Stock Issued | 13.56M | 22.71M | 0 | 129.66M | 21.65M | 5.78M | 9.72M | 7.67M | 0 | 20.19M |
Payments for dividends | -6.01M | -13.35M | -1.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -26.29M | -15K | 0 | -24.56M | -14.30M | 0 | 0 | 0 | 0 | 0 |
Repayments of term debt | 5.61M | 87.30M | -28.31M | -269.62M | 188.98M | -26.27M | 80.00M | -5.08M | 6.13M | -706K |
Cash used in financing activities | -16.04M | 127.41M | 43.63M | -177.27M | 189.68M | 44.75M | 83.39M | 67.82M | 4.90M | 37.54M |
Net Change In Cash | 15.41M | 18.17M | -16.95M | 10.05M | 5.60M | -22.95M | 25.01M | -2.54M | 4.90M | 37.54M |
Cash at end of period | 35.95M | 24.54M | 6.37M | 23.32M | 13.27M | 7.66M | 30.61M | 127K | 2.66M | 47.25M |
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