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) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 24,473 | 36,452 | 19,515 | 20,603 | 33,222 | 1,068 | |||
| Cash and cash equivalents | 18,514 | 36,452 | 19,515 | 20,603 | 33,222 | 1,068 | |||
| Short-term investments | 5,959 | ||||||||
| Restricted cash and investments | 25 | 175 | 150 | 150 | |||||
| Receivables | 27,527 | 36,398 | 24,372 | 24,996 | 25,758 | 18,501 | |||
| Inventory, net of allowances, customer advances and progress billings | 114,816 | 78,856 | 88,673 | 94,220 | 82,046 | 83,126 | |||
| Inventory | 114,816 | 78,856 | 88,673 | 94,220 | 82,046 | 83,126 | |||
| Deferred costs | 5,989 | ||||||||
| Other current assets | 211 | ||||||||
| Other undisclosed current assets | 4,838 | 4,969 | 3,078 | 5,374 | 4,332 | 3,051 | |||
| Total current assets: | 171,679 | 156,850 | 135,788 | 145,343 | 145,358 | 111,946 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,064 | ✕ | ✕ | ||||||
| Property, plant and equipment | 375,630 | 341,117 | 355,497 | 378,509 | 346,209 | 364,542 | |||
| Long-term investments and receivables | 9,841 | ||||||||
| Long-term investments | 9,841 | ||||||||
| Intangible assets, net (including goodwill) | 19,184 | 19,184 | 19,184 | 25,405 | |||||
| Intangible assets, net (excluding goodwill) | 19,184 | 19,184 | 19,184 | 25,405 | |||||
| Restricted cash and investments | 486 | 482 | 500 | ||||||
| Deferred income tax assets | 185,752 | 209,075 | ✕ | ✕ | |||||
| Other noncurrent assets | 7,294 | 11,418 | 10,819 | 7,834 | 3,633 | 3,955 | |||
| Other undisclosed noncurrent assets | 24,823 | 29,251 | 28,900 | 14,798 | 29,549 | 30,111 | |||
| Total noncurrent assets: | 622,524 | 610,045 | 414,400 | 433,096 | 379,873 | 399,108 | |||
| TOTAL ASSETS: | 794,203 | 766,895 | 550,188 | 578,439 | 525,231 | 511,054 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 34,857 | 38,852 | 24,401 | 28,246 | 22,862 | 23,494 | |||
| Taxes payable | ✕ | ✕ | 41 | 50 | 914 | ||||
| Employee-related liabilities | ✕ | ✕ | 6,805 | 4,422 | 4,464 | 4,124 | 4,317 | ||
| Accounts payable | 18,645 | 9,068 | 7,278 | 9,992 | 9,107 | 11,103 | |||
| Accrued liabilities | 16,212 | 22,938 | 12,701 | 13,740 | 8,717 | 8,074 | |||
| Deferred revenue | 900 | 16,612 | ✕ | ✕ | |||||
| Debt | 10,000 | 22,187 | 10,000 | ||||||
| Asset retirement obligation | 300 | 100 | |||||||
| Other liabilities | 7,036 | 34,571 | 32,816 | 19,382 | 11,891 | 64 | |||
| Due to related parties | ✕ | 28 | 28 | ||||||
| Other undisclosed current liabilities | 5,783 | 918 | 3,900 | ||||||
| Total current liabilities: | 48,876 | 73,423 | 67,217 | 87,445 | 34,781 | 37,486 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,879 | 46,879 | 33,778 | 49,642 | 49,437 | ||||
| Long-term debt, excluding current maturities | 44,743 | 29,753 | 49,642 | 49,437 | |||||
| Finance lease, liability | ✕ | ✕ | |||||||
| Liabilities, other than long-term debt | 30,249 | 28,190 | 24,833 | 22,560 | 23,545 | 21,578 | |||
| Asset retirement obligations | 26,564 | 27,024 | 23,872 | 22,140 | 23,125 | 21,476 | |||
| Other liabilities | 1,479 | 1,166 | 961 | 420 | 420 | 102 | |||
| Operating lease, liability | 2,206 | 1,879 | 2,136 | 4,025 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 30,249 | 30,069 | 71,712 | 56,338 | 73,187 | 71,015 | |||
| Total liabilities: | 79,125 | 103,492 | 138,929 | 143,783 | 107,968 | 108,501 | |||
| Equity | |||||||||
| Equity, attributable to parent | 715,078 | 663,403 | 411,259 | 434,656 | 417,263 | 402,553 | |||
| Common stock | 13 | 13 | 13 | 130 | 129 | 128 | |||
| Treasury stock, value | (22,012) | ||||||||
| Additional paid in capital | 660,614 | 659,147 | 656,837 | 652,963 | 649,202 | 645,813 | |||
| Retained earnings (accumulated deficit) | 76,463 | 4,243 | (245,591) | (218,437) | (232,068) | (243,388) | |||
| Total equity: | 715,078 | 663,403 | 411,259 | 434,656 | 417,263 | 402,553 | |||
| TOTAL LIABILITIES AND EQUITY: | 794,203 | 766,895 | 550,188 | 578,439 | 525,231 | 511,054 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 157,607 | |||||||
| Cost of revenue (Cost of Goods and Services Sold) | (5,973) | (4,015) | (1,810) | (1,711) | (142,158) | |||
| Other undisclosed gross profit | 141,408 | 61,737 | 14,545 | 45,288 | 39,982 | (9,670) | ||
| Gross profit: | 141,408 | 55,764 | 10,530 | 43,478 | 38,271 | 5,779 | ||
| Operating expenses | (41,230) | (23,314) | (33,039) | (25,349) | (22,106) | (21,285) | ||
| Other operating income (expense), net | (4,738) | (178) | (735) | (1,220) | (141) | 2,789 | ||
| Other undisclosed operating loss | (549) | (530) | (1,687) | |||||
| Operating income (loss): | 95,440 | 32,272 | (23,244) | 16,360 | 15,494 | (14,404) | ||
| Nonoperating income | 481 | 48 | 384 | 355 | 252 | 403 | ||
| Investment income, nonoperating | 176 | 110 | 6 | |||||
| Other nonoperating income | 305 | 48 | 384 | 355 | 142 | 397 | ||
| Interest and debt expense | (101) | 8,645 | (4,289) | (3,031) | (3,855) | (11,692) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 95,820 | 40,965 | (27,149) | 13,684 | 11,891 | (25,693) | ||
| Income (loss) from equity method investments | 689 | |||||||
| Income (loss) from continuing operations before income taxes: | 96,509 | 40,965 | (27,149) | 13,684 | 11,891 | (25,693) | ||
| Income tax expense (benefit) | (24,289) | 208,869 | (5) | (53) | (108) | 2,783 | ||
| Income (loss) from continuing operations: | 72,220 | 249,834 | (27,154) | 13,631 | 11,783 | (22,910) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 249,834 | (27,154) | 13,631 | 11,783 | (22,910) | |
| Net income (loss) available to common stockholders, diluted: | 72,220 | 249,834 | (27,154) | 13,631 | 11,783 | (22,910) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 72,220 | 249,834 | (27,154) | 13,631 | 11,783 | (22,910) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 72,220 | 249,834 | (27,154) | 13,631 | 11,783 | (22,910) | ||
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.