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 | 19,515 | 20,603 | 33,222 | 1,068 | 4,464 | |||
| Cash and cash equivalents | 19,515 | 20,603 | 33,222 | 1,068 | 4,464 | |||
| Restricted cash and investments | 150 | 150 | ||||||
| Receivables | 24,372 | 24,996 | 25,758 | 18,501 | 10,835 | |||
| Inventory, net of allowances, customer advances and progress billings | 88,673 | 94,220 | 82,046 | 83,126 | 94,355 | |||
| Inventory | 88,673 | 94,220 | 82,046 | 83,126 | 94,355 | |||
| Deferred costs | 5,989 | 7,814 | ||||||
| Other current assets | 211 | 833 | ||||||
| Other undisclosed current assets | 3,078 | 5,374 | 4,332 | 3,051 | 5,442 | |||
| Total current assets: | 135,788 | 145,343 | 145,358 | 111,946 | 123,743 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 6,064 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 355,497 | 378,509 | 346,209 | 364,542 | 388,490 | |||
| Intangible assets, net (including goodwill) | 19,184 | 25,405 | ||||||
| Intangible assets, net (excluding goodwill) | 19,184 | 25,405 | ||||||
| Restricted cash and investments | 486 | 482 | 500 | 3,500 | ||||
| Other noncurrent assets | 10,819 | 7,834 | 3,633 | 3,955 | 7,631 | |||
| Other undisclosed noncurrent assets | 28,900 | 14,798 | 29,549 | 30,111 | 17,537 | |||
| Total noncurrent assets: | 414,400 | 433,096 | 379,873 | 399,108 | 417,158 | |||
| TOTAL ASSETS: | 550,188 | 578,439 | 525,231 | 511,054 | 540,901 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 24,401 | 28,246 | 22,862 | 23,494 | 23,125 | |||
| Accounts payable | 7,278 | 9,992 | 9,107 | 11,103 | 10,210 | |||
| Accrued liabilities | 12,701 | 13,740 | 8,717 | 8,074 | 8,690 | |||
| Employee-related liabilities | 4,422 | 4,464 | 4,124 | 4,317 | 4,225 | |||
| Taxes payable | 50 | 914 | ||||||
| Deferred revenue | 16,612 | ✕ | ✕ | ✕ | ||||
| Debt | 10,000 | 22,187 | 10,000 | |||||
| Asset retirement obligation | 100 | |||||||
| Due to related parties | 28 | 28 | 31 | |||||
| Other liabilities | 32,816 | 19,382 | 11,891 | 64 | 964 | |||
| Other undisclosed current liabilities | 918 | 3,900 | ||||||
| Total current liabilities: | 67,217 | 87,445 | 34,781 | 37,486 | 24,120 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 46,879 | 33,778 | 49,642 | 49,437 | 133,434 | |||
| Long-term debt, excluding current maturities | 44,743 | 29,753 | 49,642 | 49,437 | 133,434 | |||
| Operating lease, liability | 2,136 | 4,025 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 24,833 | 22,560 | 23,545 | 21,578 | 19,976 | |||
| Asset retirement obligations | 23,872 | 22,140 | 23,125 | 21,476 | 19,976 | |||
| Other liabilities | 961 | 420 | 420 | 102 | ||||
| Total noncurrent liabilities: | 71,712 | 56,338 | 73,187 | 71,015 | 153,410 | |||
| Total liabilities: | 138,929 | 143,783 | 107,968 | 108,501 | 177,530 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 411,259 | 434,656 | 417,263 | 402,553 | 363,371 | |||
| Common stock | 13 | 130 | 129 | 128 | 76 | |||
| Additional paid in capital | 656,837 | 652,963 | 649,202 | 645,813 | 583,653 | |||
| Accumulated deficit | (245,591) | (218,437) | (232,068) | (243,388) | (220,358) | |||
| Total stockholders' equity: | 411,259 | 434,656 | 417,263 | 402,553 | 363,371 | |||
| TOTAL LIABILITIES AND EQUITY: | 550,188 | 578,439 | 525,231 | 511,054 | 540,901 | |||
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) | 157,607 | 210,948 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (4,015) | (1,810) | (1,711) | (142,158) | (208,815) | ||
| Other undisclosed gross profit | 14,545 | 45,288 | 39,982 | (9,670) | (31,380) | ||
| Gross profit: | 10,530 | 43,478 | 38,271 | 5,779 | (29,247) | ||
| Operating expenses | (33,039) | (25,349) | (22,106) | (21,285) | (24,525) | ||
| Other operating income (expense), net | (735) | (1,220) | (141) | 2,789 | 1,666 | ||
| Other undisclosed operating loss | (549) | (530) | (1,687) | (5,675) | |||
| Operating income (loss): | (23,244) | 16,360 | 15,494 | (14,404) | (57,781) | ||
| Nonoperating income | 384 | 355 | 252 | 403 | 1,408 | ||
| Investment income, nonoperating | 110 | 6 | 286 | ||||
| Other nonoperating income | 384 | 355 | 142 | 397 | 1,122 | ||
| Interest and debt expense | (4,289) | (3,031) | (3,855) | (11,692) | (11,622) | ||
| Income (loss) from continuing operations before income taxes: | (27,149) | 13,684 | 11,891 | (25,693) | (67,995) | ||
| Income tax expense (benefit) | (5) | (53) | (108) | 2,783 | 1,362 | ||
| Net income (loss) available to common stockholders, diluted: | (27,154) | 13,631 | 11,783 | (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) | 13,631 | 11,783 | (22,910) | (66,633) | ||
| Other comprehensive income | 52 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (27,154) | 13,631 | 11,783 | (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.