Intrepid Potash, Inc (IPI) financial statements (2022 and earlier)

Company profile

Business Address 1001 17TH STREET
DENVER, CO 80202
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 19,51520,60333,2221,0684,464
Cash and cash equivalents 19,51520,60333,2221,0684,464
Restricted cash and investments 150150   
Receivables 24,37224,99625,75818,50110,835
Inventory, net of allowances, customer advances and progress billings 88,67394,22082,04683,12694,355
Inventory 88,67394,22082,04683,12694,355
Deferred costs    5,9897,814
Other current assets    211833
Other undisclosed current assets 3,0785,3744,3323,0515,442
Total current assets: 135,788145,343145,358111,946123,743
Noncurrent Assets
Operating lease, right-of-use asset  6,064
Property, plant and equipment 355,497378,509346,209364,542388,490
Intangible assets, net (including goodwill) 19,18425,405   
Intangible assets, net (excluding goodwill) 19,18425,405   
Restricted cash and investments  4864825003,500
Other noncurrent assets 10,8197,8343,6333,9557,631
Other undisclosed noncurrent assets 28,90014,79829,54930,11117,537
Total noncurrent assets: 414,400433,096379,873399,108417,158
TOTAL ASSETS: 550,188578,439525,231511,054540,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 24,40128,24622,86223,49423,125
Accounts payable 7,2789,9929,10711,10310,210
Accrued liabilities 12,70113,7408,7178,0748,690
Employee-related liabilities 4,4224,4644,1244,3174,225
Taxes payable  50914  
Deferred revenue  16,612
Debt 10,00022,187 10,000 
Asset retirement obligation  100   
Due to related parties   282831
Other liabilities 32,81619,38211,89164964
Other undisclosed current liabilities  918 3,900 
Total current liabilities: 67,21787,44534,78137,48624,120
Noncurrent Liabilities
Long-term debt and lease obligation 46,87933,77849,64249,437133,434
Long-term debt, excluding current maturities 44,74329,75349,64249,437133,434
Operating lease, liability 2,1364,025
Liabilities, other than long-term debt 24,83322,56023,54521,57819,976
Asset retirement obligations 23,87222,14023,12521,47619,976
Other liabilities 961420420102 
Total noncurrent liabilities: 71,71256,33873,18771,015153,410
Total liabilities: 138,929143,783107,968108,501177,530
Stockholders' equity
Stockholders' equity attributable to parent 411,259434,656417,263402,553363,371
Common stock 1313012912876
Additional paid in capital 656,837652,963649,202645,813583,653
Accumulated deficit (245,591)(218,437)(232,068)(243,388)(220,358)
Total stockholders' equity: 411,259434,656417,263402,553363,371
TOTAL LIABILITIES AND EQUITY: 550,188578,439525,231511,054540,901

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues
(Revenue, Net)
    157,607210,948
Cost of revenue
(Cost of Goods and Services Sold)
 (4,015)(1,810)(1,711)(142,158)(208,815)
Other undisclosed gross profit 14,54545,28839,982(9,670)(31,380)
Gross profit: 10,53043,47838,2715,779(29,247)
Operating expenses (33,039)(25,349)(22,106)(21,285)(24,525)
Other operating income (expense), net (735)(1,220)(141)2,7891,666
Other undisclosed operating loss  (549)(530)(1,687)(5,675)
Operating income (loss): (23,244)16,36015,494(14,404)(57,781)
Nonoperating income 3843552524031,408
Investment income, nonoperating   1106286
Other nonoperating income 3843551423971,122
Interest and debt expense (4,289)(3,031)(3,855)(11,692)(11,622)
Income (loss) from continuing operations before income taxes: (27,149)13,68411,891(25,693)(67,995)
Income tax expense (benefit) (5)(53)(108)2,7831,362
Net income (loss) available to common stockholders, diluted: (27,154)13,63111,783(22,910)(66,633)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (27,154)13,63111,783(22,910)(66,633)
Other comprehensive income     52
Comprehensive income (loss), net of tax, attributable to parent: (27,154)13,63111,783(22,910)(66,581)

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: