Intrepid Potash, Inc. (IPI) Financial Statements (2025 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)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,298,0007,041,00024,473,00036,452,00019,515,00020,603,000
Cash and cash equivalent41,309,0004,071,00018,514,00036,452,00019,515,00020,603,000
Short-term investments989,0002,970,0005,959,000   
Restricted cash and investments25,00025,00025,000175,000150,000150,000
Receivables23,228,00023,451,00027,527,00036,398,00024,372,00024,996,000
Inventory, net of allowances, customer advances and progress billings112,968,000114,252,000114,816,00078,856,00088,673,00094,220,000
Inventory112,968,000114,252,000114,816,00078,856,00088,673,00094,220,000
Other undisclosed current assets5,244,0007,175,0004,838,0004,969,0003,078,0005,374,000
Total current assets:183,763,000151,944,000171,679,000156,850,000135,788,000145,343,000
Noncurrent Assets
Operating lease, right-of-use asset      6,064,000
Property, plant and equipment344,338,000358,249,000375,630,000341,117,000355,497,000378,509,000
Long-term investments and receivables3,571,0006,627,0009,841,000   
Long-term investments3,571,0006,627,0009,841,000   
Intangible assets, net (including goodwill)19,184,00019,184,00019,184,00019,184,00019,184,00025,405,000
Intangible assets, net (excluding goodwill)19,184,00019,184,00019,184,00019,184,00019,184,00025,405,000
Restricted cash and investments     486,000
Deferred income tax assets  194,223,000185,752,000209,075,000  
Other noncurrent assets9,889,0008,016,0007,294,00011,418,00010,819,0007,834,000
Other undisclosed noncurrent assets33,775,00030,231,00024,823,00029,251,00028,900,00014,798,000
Total noncurrent assets:410,757,000616,530,000622,524,000610,045,000414,400,000433,096,000
TOTAL ASSETS:594,520,000768,474,000794,203,000766,895,000550,188,000578,439,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,099,00031,909,00034,857,00038,852,00024,401,00028,246,000
Taxes payable41,000 50,000
Employee-related liabilities6,805,0004,422,0004,464,000
Accounts payable8,616,00012,848,00018,645,0009,068,0007,278,0009,992,000
Accrued liabilities9,483,00019,061,00016,212,00022,938,00012,701,00013,740,000
Deferred revenue800,0001,000,000900,000  16,612,000
Debt 951,000961,000  10,000,00022,187,000
Asset retirement obligation595,000282,000300,000  100,000
Other liabilities10,062,0007,265,0007,036,00034,571,00032,816,00019,382,000
Other undisclosed current liabilities7,496,0005,051,0005,783,000  918,000
Total current liabilities:38,003,00046,468,00048,876,00073,423,00067,217,00087,445,000
Noncurrent Liabilities
Long-term debt and lease obligation1,838,0005,451,000 1,879,00046,879,00033,778,000
Long-term debt, excluding current maturities  4,000,000  44,743,00029,753,000
Finance lease, liability1,838,0001,451,000    
Liabilities, other than long-term debt80,287,00032,127,00030,249,00028,190,00024,833,00022,560,000
Deferred revenue45,489,000     
Asset retirement obligations32,354,00030,077,00026,564,00027,024,00023,872,00022,140,000
Other liabilities1,664,0001,309,0001,479,0001,166,000961,000420,000
Operating lease, liability780,000741,0002,206,0001,879,0002,136,0004,025,000
Total noncurrent liabilities:82,125,00037,578,00030,249,00030,069,00071,712,00056,338,000
Total liabilities:120,128,00084,046,00079,125,000103,492,000138,929,000143,783,000
Equity
Equity, attributable to parent474,392,000684,428,000715,078,000663,403,000411,259,000434,656,000
Common stock14,00013,00013,00013,00013,000130,000
Treasury stock, value(22,012,000)(22,012,000)(22,012,000)   
Additional paid in capital668,445,000665,637,000660,614,000659,147,000656,837,000652,963,000
Retained earnings (accumulated deficit)(172,055,000)40,790,00076,463,0004,243,000(245,591,000)(218,437,000)
Total equity:474,392,000684,428,000715,078,000663,403,000411,259,000434,656,000
TOTAL LIABILITIES AND EQUITY:594,520,000768,474,000794,203,000766,895,000550,188,000578,439,000

Income Statement (P&L) (USD)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Cost of revenue
(Cost of Product and Service Sold)
(3,957,000)(6,492,000) (5,973,000)(4,015,000)(1,810,000)
Other undisclosed gross profit33,039,00043,338,000141,408,00061,737,00014,545,00045,288,000
Gross profit:29,082,00036,846,000141,408,00055,764,00010,530,00043,478,000
Operating expenses(48,115,000)(78,658,000)(41,230,000)(23,314,000)(33,039,000)(25,349,000)
Other operating expense, net(6,040,000)(2,157,000)(4,738,000)(178,000)(735,000)(1,220,000)
Other nonrecurring (income) expense5,215,000     
Other undisclosed operating income (loss)5,215,000    (549,000)
Operating income (loss):(19,858,000)(43,969,000)95,440,00032,272,000(23,244,000)16,360,000
Nonoperating income1,757,000393,000481,00048,000384,000355,000
Investment income, nonoperating1,712,000298,000176,000   
Other nonoperating income (expense)45,00095,000305,00048,000384,000355,000
Interest and debt expense   (101,000)8,645,000(4,289,000)(3,031,000)
Income (loss) from continuing operations before equity method investments, income taxes:(18,101,000)(43,576,000)95,820,00040,965,000(27,149,000)13,684,000
Income (loss) from equity method investments(299,000)(486,000)689,000   
Other undisclosed loss from continuing operations before income taxes(112,000)     
Income (loss) from continuing operations before income taxes:(18,512,000)(44,062,000)96,509,00040,965,000(27,149,000)13,684,000
Income tax expense (benefit)(194,333,000)8,389,000(24,289,000)208,869,000(5,000)(53,000)
Income (loss) from continuing operations:(212,845,000)(35,673,000)72,220,000249,834,000(27,154,000)13,631,000
Income (loss) before gain (loss) on sale of properties:249,834,000(27,154,000)13,631,000
Net income (loss) available to common stockholders, diluted:(212,845,000)(35,673,000)72,220,000249,834,000(27,154,000)13,631,000

Comprehensive Income (USD)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(212,845,000)(35,673,000)72,220,000249,834,000(27,154,000)13,631,000
Comprehensive income (loss), net of tax, attributable to parent:(212,845,000)(35,673,000)72,220,000249,834,000(27,154,000)13,631,000

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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