Intrepid Potash Inc (IPI) Financial Statements (2024 and earlier)

Company Profile

Business Address 707 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,041,00024,473,00036,452,00019,515,00020,603,00033,222,000
Cash and cash equivalents4,071,00018,514,00036,452,00019,515,00020,603,00033,222,000
Short-term investments2,970,0005,959,000    
Restricted cash and investments25,00025,000175,000150,000150,000 
Receivables23,451,00027,527,00036,398,00024,372,00024,996,00025,758,000
Inventory, net of allowances, customer advances and progress billings114,252,000114,816,00078,856,00088,673,00094,220,00082,046,000
Inventory114,252,000114,816,00078,856,00088,673,00094,220,00082,046,000
Other undisclosed current assets7,175,0004,838,0004,969,0003,078,0005,374,0004,332,000
Total current assets:151,944,000171,679,000156,850,000135,788,000145,343,000145,358,000
Noncurrent Assets
Operating lease, right-of-use asset     6,064,000
Property, plant and equipment358,249,000375,630,000341,117,000355,497,000378,509,000346,209,000
Long-term investments and receivables6,627,0009,841,000    
Long-term investments6,627,0009,841,000    
Intangible assets, net (including goodwill)19,184,00019,184,00019,184,00019,184,00025,405,000 
Intangible assets, net (excluding goodwill)19,184,00019,184,00019,184,00019,184,00025,405,000 
Restricted cash and investments    486,000482,000
Deferred income tax assets194,223,000185,752,000209,075,000  
Other noncurrent assets8,016,0007,294,00011,418,00010,819,0007,834,0003,633,000
Other receivable, after allowance for credit loss 
Other undisclosed noncurrent assets30,231,00024,823,00029,251,00028,900,00014,798,00029,549,000
Total noncurrent assets:616,530,000622,524,000610,045,000414,400,000433,096,000379,873,000
TOTAL ASSETS:768,474,000794,203,000766,895,000550,188,000578,439,000525,231,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31,909,00034,857,00038,852,00024,401,00028,246,00022,862,000
Taxes payable41,000 50,000914,000
Employee-related liabilities6,805,0004,422,0004,464,0004,124,000
Accounts payable12,848,00018,645,0009,068,0007,278,0009,992,0009,107,000
Accrued liabilities19,061,00016,212,00022,938,00012,701,00013,740,0008,717,000
Deferred revenue1,000,000900,000  16,612,000
Debt 961,000  10,000,00022,187,000 
Asset retirement obligation282,000300,000  100,000 
Other liabilities7,265,0007,036,00034,571,00032,816,00019,382,00011,891,000
Due to related parties    28,000
Other undisclosed current liabilities5,051,0005,783,000  918,000 
Total current liabilities:46,468,00048,876,00073,423,00067,217,00087,445,00034,781,000
Noncurrent Liabilities
Long-term debt and lease obligation5,451,000 1,879,00046,879,00033,778,00049,642,000
Long-term debt, excluding current maturities 4,000,000  44,743,00029,753,00049,642,000
Finance lease, liability1,451,000    
Liabilities, other than long-term debt32,127,00030,249,00028,190,00024,833,00022,560,00023,545,000
Deferred revenue     
Asset retirement obligations30,077,00026,564,00027,024,00023,872,00022,140,00023,125,000
Other liabilities1,309,0001,479,0001,166,000961,000420,000420,000
Operating lease, liability741,0002,206,0001,879,0002,136,0004,025,000
Total noncurrent liabilities:37,578,00030,249,00030,069,00071,712,00056,338,00073,187,000
Total liabilities:84,046,00079,125,000103,492,000138,929,000143,783,000107,968,000
Equity
Equity, attributable to parent684,428,000715,078,000663,403,000411,259,000434,656,000417,263,000
Common stock13,00013,00013,00013,000130,000129,000
Treasury stock, value(22,012,000)(22,012,000)    
Additional paid in capital665,637,000660,614,000659,147,000656,837,000652,963,000649,202,000
Retained earnings (accumulated deficit)40,790,00076,463,0004,243,000(245,591,000)(218,437,000)(232,068,000)
Total equity:684,428,000715,078,000663,403,000411,259,000434,656,000417,263,000
TOTAL LIABILITIES AND EQUITY:768,474,000794,203,000766,895,000550,188,000578,439,000525,231,000

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Cost of revenue
(Cost of Goods and Services Sold)
(6,492,000) (5,973,000)(4,015,000)(1,810,000)(1,711,000)
Other undisclosed gross profit43,338,000141,408,00061,737,00014,545,00045,288,00039,982,000
Gross profit:36,846,000141,408,00055,764,00010,530,00043,478,00038,271,000
Operating expenses(78,658,000)(41,230,000)(23,314,000)(33,039,000)(25,349,000)(22,106,000)
Other operating income (expense), net(2,157,000)(4,738,000)(178,000)(735,000)(1,220,000)(141,000)
Other nonrecurring (income) expense      
Other undisclosed operating loss     (549,000)(530,000)
Operating income (loss):(43,969,000)95,440,00032,272,000(23,244,000)16,360,00015,494,000
Nonoperating income393,000481,00048,000384,000355,000252,000
Investment income, nonoperating298,000176,000   110,000
Other nonoperating income95,000305,00048,000384,000355,000142,000
Interest and debt expense  (101,000)8,645,000(4,289,000)(3,031,000)(3,855,000)
Income (loss) from continuing operations before equity method investments, income taxes:(43,576,000)95,820,00040,965,000(27,149,000)13,684,00011,891,000
Income (loss) from equity method investments(486,000)689,000    
Income (loss) from continuing operations before income taxes:(44,062,000)96,509,00040,965,000(27,149,000)13,684,00011,891,000
Income tax expense (benefit)8,389,000(24,289,000)208,869,000(5,000)(53,000)(108,000)
Income (loss) from continuing operations:(35,673,000)72,220,000249,834,000(27,154,000)13,631,00011,783,000
Income (loss) before gain (loss) on sale of properties:249,834,000(27,154,000)13,631,00011,783,000
Net income (loss) available to common stockholders, diluted:(35,673,000)72,220,000249,834,000(27,154,000)13,631,00011,783,000

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(35,673,000)72,220,000249,834,000(27,154,000)13,631,00011,783,000
Comprehensive income (loss), net of tax, attributable to parent:(35,673,000)72,220,000249,834,000(27,154,000)13,631,00011,783,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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