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)

9/30/2023
MRQ
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 investments24,47336,45219,51520,60333,2221,068
Cash and cash equivalents18,51436,45219,51520,60333,2221,068
Short-term investments5,959     
Restricted cash and investments25175150150  
Receivables27,52736,39824,37224,99625,75818,501
Inventory, net of allowances, customer advances and progress billings114,81678,85688,67394,22082,04683,126
Inventory114,81678,85688,67394,22082,04683,126
Deferred costs      5,989
Other current assets      211
Other undisclosed current assets4,8384,9693,0785,3744,3323,051
Total current assets:171,679156,850135,788145,343145,358111,946
Noncurrent Assets
Operating lease, right-of-use asset    6,064
Property, plant and equipment375,630341,117355,497378,509346,209364,542
Long-term investments and receivables9,841     
Long-term investments9,841     
Intangible assets, net (including goodwill)19,18419,18419,18425,405  
Intangible assets, net (excluding goodwill)19,18419,18419,18425,405  
Restricted cash and investments   486482500
Deferred income tax assets185,752209,075  
Other noncurrent assets7,29411,41810,8197,8343,6333,955
Other undisclosed noncurrent assets24,82329,25128,90014,79829,54930,111
Total noncurrent assets:622,524610,045414,400433,096379,873399,108
TOTAL ASSETS:794,203766,895550,188578,439525,231511,054
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,85738,85224,40128,24622,86223,494
Taxes payable41 50914 
Employee-related liabilities6,8054,4224,4644,1244,317
Accounts payable18,6459,0687,2789,9929,10711,103
Accrued liabilities16,21222,93812,70113,7408,7178,074
Deferred revenue900  16,612
Debt   10,00022,187 10,000
Asset retirement obligation300  100  
Due to related parties    2828
Other liabilities7,03634,57132,81619,38211,89164
Other undisclosed current liabilities5,783  918 3,900
Total current liabilities:48,87673,42367,21787,44534,78137,486
Noncurrent Liabilities
Long-term debt and lease obligation 1,87946,87933,77849,64249,437
Long-term debt, excluding current maturities  44,74329,75349,64249,437
Finance lease, liability    
Liabilities, other than long-term debt30,24928,19024,83322,56023,54521,578
Asset retirement obligations26,56427,02423,87222,14023,12521,476
Other liabilities1,4791,166961420420102
Operating lease, liability2,2061,8792,1364,025
Total noncurrent liabilities:30,24930,06971,71256,33873,18771,015
Total liabilities:79,125103,492138,929143,783107,968108,501
Equity
Equity, attributable to parent715,078663,403411,259434,656417,263402,553
Common stock131313130129128
Treasury stock, value(22,012)     
Additional paid in capital660,614659,147656,837652,963649,202645,813
Retained earnings (accumulated deficit)76,4634,243(245,591)(218,437)(232,068)(243,388)
Total equity:715,078663,403411,259434,656417,263402,553
TOTAL LIABILITIES AND EQUITY:794,203766,895550,188578,439525,231511,054

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

9/30/2023
TTM
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 profit141,40861,73714,54545,28839,982(9,670)
Gross profit:141,40855,76410,53043,47838,2715,779
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):95,44032,272(23,244)16,36015,494(14,404)
Nonoperating income48148384355252403
Investment income, nonoperating176   1106
Other nonoperating income30548384355142397
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:95,82040,965(27,149)13,68411,891(25,693)
Income (loss) from equity method investments689     
Income (loss) from continuing operations before income taxes:96,50940,965(27,149)13,68411,891(25,693)
Income tax expense (benefit)(24,289)208,869(5)(53)(108)2,783
Income (loss) from continuing operations:72,220249,834(27,154)13,63111,783(22,910)
Income (loss) before gain (loss) on sale of properties:249,834(27,154)13,63111,783(22,910)
Net income (loss) available to common stockholders, diluted:72,220249,834(27,154)13,63111,783(22,910)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):72,220249,834(27,154)13,63111,783(22,910)
Comprehensive income (loss), net of tax, attributable to parent:72,220249,834(27,154)13,63111,783(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.

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