NORDIC AMERICAN TANKERS Ltd (NAT)
Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers Limited (NAT) is a shipping enterprise focused on the acquisition and chartering of double-hull tanker vessels. The company's operations extend internationally as well as within Bermuda, and it currently manages a fleet of 24 Suezmax-class crude oil tankers. In June 2011, the firm changed its name to Nordic American Tankers Limited, having previously operated as Nordic American Tanker Shipping Limited.
Sector: Water Transportation
Industry: Marine Shipping
Nordic American Tankers Limited
NYSE:NATIndustrials · Marine Shipping
PrePre-market+0.38%$7.94
Close$7.91+0.64%
AH Close$7.96-0.25%since
Close$7.91+0.64%AH Close$7.96-0.25%since
Mkt Cap$1.67B
Float200.55M
O/S211.75M
Inst Own56.0%
SI8.1%
Div Yield9.99%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$292.42M
Net Income$12.27M
Total Assets$902.16M
Free Cash Flow-$116.61M
Debt & Equity
Debt 49%
Equity 51%
Total Debt$424.14M
Total Equity$445.52M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NAT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$902.16M
Liabilities$456.64M
Accounts Receivable$19.04M
Accounts Payable$2.53M
Inventory$37.5M
PP&E (Net)$748.21M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Revenue | $292.42M | $349.74M | $391.69M | $339.34M | $195.76M | $354.62M | $317.22M | $289.02M | $297.14M | $357.45M | $445.74M | $351.05M | $243.66M | $130.68M | $94.79M | $126.42M | $124.37M | $228M | $186.99M | $175.52M | $117.11M | $67.45M | $37.37M | $18.06M | $28.36M | $36.58M | $14.78M | $16.01M | $5.27M |
| YoY Growth | -16.4% | -10.7% | 15.4% | 73.3% | -44.8% | 11.8% | 9.8% | -2.7% | -16.9% | -19.8% | 27.0% | 44.1% | 86.5% | 37.9% | -25.0% | 1.6% | -45.5% | 21.9% | 6.5% | 49.9% | 73.6% | 80.5% | 106.9% | -36.3% | -22.5% | 147.4% | -7.6% | 204.0% | - |
| Cost of Revenue | $234.55M | $243.61M | $240.91M | $284.37M | $264.29M | $255.81M | $271.77M | $306.12M | $330.8M | $297.14M | $307.86M | $342.46M | $312.71M | $171.85M | $134.41M | $109.66M | $107.13M | $93.93M | $121.61M | $90.53M | $59.73M | $13.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $57.87M | $106.14M | $150.78M | $54.97M | -$68.53M | $98.81M | $45.45M | -$17.1M | -$33.66M | $60.31M | $137.88M | $8.59M | -$69.05M | -$41.17M | -$39.62M | $16.76M | $17.24M | $134.07M | $65.38M | $84.99M | $57.38M | $53.63M | $37.37M | $18.06M | $28.36M | $36.58M | $14.78M | $16.01M | $5.27M |
| Gross Margin | 19.8% | 30.3% | 38.5% | 16.2% | -35.0% | 27.9% | 14.3% | -5.9% | -11.3% | 16.9% | 30.9% | 2.4% | -28.3% | -31.5% | -41.8% | 13.3% | 13.9% | 58.8% | 35.0% | 48.4% | 49.0% | 79.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $28.87M | $28.82M | $22.89M | $18.8M | $15.62M | $17.59M | $13.48M | $12.73M | $12.57M | $12.3M | $9.79M | $14.86M | $12.76M | $14.7M | $15.39M | $15.98M | $14.82M | $12.78M | $12.13M | $12.75M | $8.49M | $10.85M | $468K | $427K | $354K | $373K | $412K | $413K | $462K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.02M | $7.02M | $7.02M | $7.02M | $7.02M | $7.02M | $1.75M |
| Total Operating Expenses | $28.87M | $28.82M | $22.89M | $18.8M | $15.62M | $17.59M | $13.48M | $12.73M | $12.57M | $12.3M | $9.79M | $14.86M | $12.76M | $14.7M | $15.39M | $15.98M | $14.82M | $12.78M | $12.13M | $12.75M | $8.49M | $10.85M | $7.48M | $7.44M | $7.37M | $7.39M | $7.43M | $7.43M | $2.22M |
| Operating Income (EBIT) | $28.99M | $77.31M | $127.89M | $36.18M | -$84.15M | $81.23M | $31.97M | -$29.83M | -$46.23M | $48.01M | $128.09M | -$6.28M | -$81.81M | -$55.87M | -$55.01M | $778K | $2.42M | $121.29M | $53.24M | $72.24M | $48.89M | $42.78M | $29.89M | $10.62M | $20.99M | $29.19M | $7.36M | $8.58M | $3.05M |
| Operating Margin | 9.9% | 22.1% | 32.7% | 10.7% | -43.0% | 22.9% | 10.1% | -10.3% | -15.6% | 13.4% | 28.7% | -1.8% | -33.6% | -42.8% | -58.0% | 0.6% | 1.9% | 53.2% | 28.5% | 41.2% | 41.7% | 63.4% | 80.0% | 58.8% | 74.0% | 79.8% | 49.8% | 53.6% | 57.9% |
| Interest Expense | $35.75M | $30.74M | $30.5M | $27.05M | $26.38M | $31.39M | $42.55M | $49.28M | $21.11M | $11.27M | $11.02M | $13.37M | $11.52M | $5.85M | $2.13M | $1.97M | $1.79M | $3.39M | $9.68M | $6.45M | $3.45M | $2.11M | $0 | $1.77M | $0 | $0 | $1.58M | $0 | $0 |
| Interest Income | $1.61M | $731K | $1.3M | $0 | $0 | $0 | $298K | $334K | $347K | $215K | $114K | $181K | $146K | $357K | $1.19M | $632K | $614K | $931K | $904K | $1.6M | $884K | $143K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$16.72M | -$30.68M | -$29.06M | -$21.05M | -$35.27M | -$31.19M | -$42.25M | -$65.4M | -$158.66M | -$52.37M | -$13.37M | -$6.84M | -$23.52M | -$17.32M | -$17.29M | -$1.59M | -$1.41M | -$2.44M | -$9.04M | -$4.85M | -$2.57M | -$1.96M | -$1.79M | -$1.77M | -$1.6M | -$1.52M | -$1.58M | $52K | $0 |
| Income Before Tax (EBT) | $12.27M | $46.63M | $98.83M | $15.12M | -$119.42M | $50.03M | -$10.28M | -$95.23M | -$204.89M | -$4.35M | $114.72M | -$13.12M | -$105.33M | -$73.19M | -$72.3M | -$809K | $1.01M | $118.84M | $44.21M | $67.39M | $46.32M | $40.82M | $28.1M | $8.85M | $19.39M | $27.67M | $5.77M | $8.63M | $0 |
| Income Tax Expense | $0 | -$10K | $120K | $23K | $0 | $0 | $71K | $79K | $83K | $102K | $96K | $47K | $86K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$52K | -$147K |
| Net Income | $12.27M | $46.64M | $98.71M | $15.1M | -$119.42M | $50.03M | -$10.35M | -$95.31M | -$204.97M | -$4.46M | $114.63M | -$13.17M | -$105.42M | -$73.19M | -$72.3M | -$809K | $1.01M | $118.84M | $44.21M | $67.39M | $46.32M | $40.82M | $28.1M | $8.85M | $19.39M | $27.67M | $5.77M | $8.63M | $3.2M |
| Net Income Margin | 4.2% | 13.3% | 25.2% | 4.5% | -61.0% | 14.1% | -3.3% | -33.0% | -69.0% | -1.2% | 25.7% | -3.8% | -43.3% | -56.0% | -76.3% | -0.6% | 0.8% | 52.1% | 23.6% | 38.4% | 39.6% | 60.5% | 75.2% | 49.0% | 68.4% | 75.6% | 39.1% | 53.9% | 60.7% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | 0.06 | 0.22 | 0.47 | 0.07 | -0.74 | 0.34 | -0.07 | -0.67 | -0.73 | -0.05 | 1.29 | -0.15 | -1.64 | -1.39 | -1.53 | -0.02 | 0.03 | 3.63 | 1.56 | 3.14 | 3.03 | 4.05 | 2.89 | 0.91 | 2.00 | 2.85 | 0.59 | 0.73 | 0.27 |
| Diluted EPS | 0.06 | 0.22 | 0.47 | 0.07 | -0.74 | 0.34 | -0.07 | -0.67 | -0.73 | -0.05 | 1.29 | -0.15 | -1.64 | -1.39 | -1.53 | -0.02 | 0.03 | 3.63 | 1.56 | 3.14 | 3.03 | 4.05 | 2.89 | 0.91 | 2.00 | 2.85 | 0.59 | 0.73 | 0.27 |
| Weighted Average OS | 211.75M | 209.23M | 208.80M | 202.03M | 162.55M | 149.29M | 142.57M | 141.95M | 103.83M | 89.12M | 89.18M | 85.40M | 64.10M | 52.55M | 47.16M | 46.55M | 40.45M | 32.74M | 28.25M | 21.48M | 15.26M | 10.08M | 9.71M | 9.71M | 9.71M | 9.71M | 9.71M | 11.82M | 11.85M |
| EBITDA | $105.76M | $133.52M | $180.73M | $92.6M | -$24.69M | $149.25M | $96.23M | $22.41M | -$74.67M | $144.44M | $210.82M | $79.22M | -$19.48M | $1.88M | -$5.54M | $63.71M | $57.84M | $170.52M | $96.77M | $103.5M | $67.3M | $49.84M | $36.72M | $17.45M | $27.82M | $36.02M | $14.19M | $15.41M | $4.76M |
| EBITDA Margin | 36.2% | 38.2% | 46.1% | 27.3% | -12.6% | 42.1% | 30.3% | 7.8% | -25.1% | 40.4% | 47.3% | 22.6% | -8.0% | 1.4% | -5.8% | 50.4% | 46.5% | 74.8% | 51.8% | 59.0% | 57.5% | 73.9% | 98.3% | 96.6% | 98.1% | 98.5% | 96.0% | 96.3% | 90.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $45.86M | $39.18M | $31.08M | $59.58M | $34.74M | $57.85M | $48.85M | $49.33M | $58.36M | $82.17M | $29.89M | $100.74M | $65.67M | $55.51M | $24.01M | $17.22M | $30.5M | $31.38M | $13.34M | $11.73M | $14.24M | $30.73M | $566K | $278K | $631K | $1.92M | $2.51M | $3.64M | $19K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $825K | $0 | $0 | $0 | $0 | $0 | $0 | $549K | $583K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $45.86M | $39.18M | $31.08M | $59.58M | $34.74M | $57.85M | $49.67M | $49.33M | $58.36M | $82.17M | $29.89M | $100.74M | $65.67M | $56.06M | $24.59M | $17.22M | $30.5M | $31.38M | $13.34M | $11.73M | $14.24M | $30.73M | $566K | $278K | $631K | $1.92M | $2.51M | $3.64M | $19K |
| Accounts Receivable | $19.04M | $16.22M | $26.29M | $20.47M | $9.37M | $6.35M | $24.58M | $22.59M | $22.47M | $18.07M | $28.6M | $16.41M | $18.8M | $12.92M | $19.16M | $11.05M | $22.68M | $40.34M | $14.49M | $13.42M | $19.56M | $4.54M | $8.14M | $3.28M | $170K | $10.23M | $0 | $100K | $1.5M |
| Inventory | $37.5M | $28.5M | $42.36M | $49.43M | $20.87M | $19.41M | $22.48M | $20.29M | $23.09M | $20.89M | $14.84M | $22.22M | $24.28M | $4.05M | $7.59M | $0 | $0 | $0 | $9.22M | $5.11M | $3.15M | $0 | $0 | $29K | $70K | $0 | $143K | $0 | $96K |
| Other Current Assets | $40.07M | $8.64M | $4.87M | $7.2M | $37.27M | $10.44M | $29.26M | $1.83M | $4.38M | $2.49M | $3.13M | $31.61M | $17.2M | $1.18M | $29.05M | $0 | $0 | $0 | $7.75M | $2.74M | $2.45M | $0 | $0 | $0 | $70K | $58K | $0 | $70K | $4K |
| Total Current Assets | $150.87M | $98.77M | $108.91M | $142.66M | $107.11M | $99.52M | $129.37M | $112.94M | $126.99M | $163.71M | $115.17M | $176.5M | $131.4M | $78.57M | $83.1M | $71.64M | $110.2M | $94.12M | $44.8M | $44.48M | $39.39M | $36.75M | $8.81M | $3.67M | $914K | $12.27M | $2.65M | $3.81M | $1.61M |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $748.21M | $715.27M | $770.13M | $735.13M | $742.15M | $872.34M | $900M | $953.89M | $1.1B | $1.14B | $1.03B | $911.09M | $912.56M | $964.86M | $1.02B | $988.26M | $825.45M | $707.85M | $740.63M | $752.48M | $463.93M | $187.3M | $128.08M | $134.91M | $141.74M | $148.58M | $155.41M | $162.24M | $169.07M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.98M | $18.98M | $18.98M | $18.98M | $18.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.2M | $12.16M | $16.55M | $64.88M | $55.22M | $64.13M | $271K | $61K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.23M | $4.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3.09M | $3.54M | $155K | $2.09M | $1.9M | $2.48M | $1.53M | $83K | $15.97M | $10.15M | $15.91M | $5M | $5M | $41.92M | $19.43M | $23.18M | $10.93M | $11.91M | $19.19M | $3.22M | $2.52M | $151K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $751.3M | $718.82M | $770.29M | $737.22M | $744.04M | $874.83M | $901.53M | $958.17M | $1.14B | $1.19B | $1.13B | $992.52M | $1.01B | $1.01B | $1.04B | $1.01B | $836.38M | $719.76M | $759.83M | $755.7M | $466.45M | $187.45M | $128.08M | $134.91M | $141.74M | $148.58M | $155.41M | $162.24M | $169.07M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $902.16M | $817.59M | $879.2M | $880.74M | $851.15M | $974.35M | $1.03B | $1.07B | $1.27B | $1.35B | $1.24B | $1.17B | $1.14B | $1.09B | $1.13B | $1.08B | $946.58M | $813.88M | $804.63M | $800.18M | $505.84M | $224.2M | $136.9M | $138.58M | $142.66M | $160.84M | $158.06M | $166.05M | $170.68M |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $2.53M | $4.26M | $3.45M | $6.96M | $6.55M | $4.1M | $8.4M | $3.58M | $3.22M | $4.29M | $4.25M | $6.66M | $6.45M | $4.63M | $5.3M | $2.93M | $3.36M | $1.95M | $7.29M | $3.01M | $1.56M | $411K | $0 | $996 | $0 | $0 | $0 | $675K | $0 |
| Short-Term Debt | $35.4M | $21.56M | $31.9M | $39.7M | $37.55M | $22.09M | $23.54M | $18.69M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $30M | $0 | $0 | $0 | $0 | $44K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $3.84M | $0 | $3.95M | $6.15M | $2.76M | $140K | $11.52M | $0 | $0 | $0 | $0 | $2.65M | $0 | $0 | $0 | $0 | $537K | $449K | $0 | $0 | $0 | $1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $870K | $6.58M | $1.62M | $1.82M | $1.8M | $2.4M | -$4.35M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $537K | $537K | $0 | $1.15M | $0 | $0 | $0 | $0 | $2K | $0 |
| Total Current Liabilities | $67.42M | $59.78M | $70.48M | $72.41M | $67.64M | $39.68M | $59.03M | $36.29M | $25.33M | $21.52M | $17.85M | $24.04M | $19.26M | $14.97M | $17.95M | $6.99M | $6.81M | $6.21M | $24.36M | $14.73M | $4.97M | $2.34M | $31.19M | $216K | $39K | $44K | $79K | $721K | $1.18M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $388.74M | $248.14M | $269.7M | $266.34M | $283.41M | $334.62M | $375.36M | $417.84M | $388.86M | $442.82M | $324.57M | $250M | $250M | $250M | $230M | $75M | $0 | $15M | $105.5M | $173.5M | $130M | $0 | $0 | $30M | $30M | $30M | $30M | $30M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.95M | $15.81M | $14.51M | $13.05M | $0 | $12.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$14.95M | -$15.81M | -$14.51M | -$13.05M | $0 | $37K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $483K | $845K | $717K | $615K | $724K | $197K | $153K | $14.95M | $15.81M | $14.51M | $0 | $12.91M | $36K | $11.27M | $0 | $8.13M | $5.68M | $4.08M | $2.67M | $0 | $0 | $0 | $0 | $2.02M | $778K | $0 | -$2K | -$2K | $0 |
| Total Long-Term Liabilities | $389.22M | $248.99M | $270.41M | $267.49M | $285.28M | $335.54M | $376.45M | $432.79M | $404.67M | $457.33M | $343.05M | $262.91M | $262.19M | $261.27M | $239.88M | $83.13M | $5.68M | $19.08M | $108.17M | $173.5M | $130M | $1.7M | $30M | $32.02M | $30.78M | $30M | $30M | $30M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.7M | -$30M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $456.64M | $308.77M | $340.89M | $340.75M | $352.93M | $375.22M | $435.48M | $469.08M | $430M | $478.86M | $360.89M | $286.95M | $281.45M | $276.24M | $257.82M | $90.13M | $12.49M | $25.29M | $132.52M | $188.23M | $134.97M | $2.34M | $31.19M | $32.23M | $30.82M | $30.04M | $30.08M | $30.72M | $1.18M |
| Stockholders' Equity | |||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $129.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2.12M | $2.12M | $2.09M | $2.09M | $1.84M | $1.51M | $1.47M | $1.42M | $1.42M | $1.02M | $892K | $892K | $754K | $529K | $473K | $469K | $422K | $344K | $300K | $269K | $166K | $131K | $97K | $97K | $97K | $97K | $97K | $97K | $118K |
| Retained Earnings | $1.4M | -$10.87M | -$57.52M | -$156.23M | -$171.33M | $0 | -$10.35M | -$308.8M | -$209.43M | -$4.46M | $0 | -$12.81M | -$105.42M | -$73.19M | $854.43M | -$809K | $0 | -$117.02M | -$180.32M | -$117.17M | -$61.98M | -$44.01M | -$37.63M | -$36.13M | -$31.87M | -$13.69M | $0 | $0 | $169.38M |
| Comprehensive Income & Other | -$1.16M | -$1.82M | -$2.09M | -$1.81M | -$1.58M | -$1.32M | -$1.4M | -$1.32M | -$1.19M | -$1.04M | -$972K | -$8.03M | -$160K | -$84K | -$212K | -$295.53M | -$238.56M | -$185.95M | -$138.76M | -$96.4M | -$17.53M | $0 | -$1.15M | -$2.02M | -$778K | -$170.78M | -$15.4M | -$8.5M | -$1.7M |
| Other Stockholders' Equity | $442.01M | $517.57M | $593.73M | $694.12M | $667.72M | $597.61M | $604.3M | $909.41M | $1.05B | $874.49M | $879.83M | $893.99M | $959.65M | $882.05M | $12.65M | $993.29M | $933.66M | $905.26M | $852.12M | $728.85M | $432.68M | $265.75M | $143.25M | $142.38M | $143.62M | $144.4M | $127.88M | $135.23M | $0 |
| Total Equity | $445.52M | $508.81M | $538.3M | $539.98M | $498.22M | $599.13M | $595.42M | $602.03M | $840.52M | $871.05M | $880.72M | $882.08M | $854.98M | $809.38M | $867.56M | $992.96M | $934.08M | $788.59M | $672.11M | $611.95M | $370.87M | $221.87M | $105.71M | $106.35M | $111.84M | $130.8M | $127.98M | $135.33M | $169.5M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $902.16M | $817.59M | $879.2M | $880.74M | $851.15M | $974.35M | $1.03B | $1.07B | $1.27B | $1.35B | $1.24B | $1.17B | $1.14B | $1.09B | $1.13B | $1.08B | $946.58M | $813.88M | $804.63M | $800.18M | $505.84M | $224.2M | $136.9M | $138.58M | $142.66M | $160.84M | $158.06M | $166.05M | $170.68M |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $424.14M | $269.7M | $301.6M | $306.04M | $320.96M | $356.71M | $399.83M | $436.53M | $388.86M | $442.82M | $330M | $250M | $250M | $250M | $230M | $75M | $0 | $15M | $105.5M | $173.5M | $130M | $0 | $30M | $30M | $30M | $30M | $30M | $30.04M | $0 |
| Net Debt | $378.28M | $230.53M | $270.52M | $246.45M | $286.22M | $298.86M | $350.99M | $387.2M | $330.5M | $360.65M | $300.11M | $149.26M | $184.32M | $194.49M | $205.99M | $57.78M | -$30.5M | -$16.38M | $92.16M | $161.77M | $115.76M | -$30.73M | $29.43M | $29.72M | $29.37M | $28.08M | $27.49M | $26.41M | -$19K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | $12.27M | $46.64M | $98.71M | $15.1M | -$171.33M | $50.03M | -$10.35M | -$95.31M | -$204.97M | -$4.46M | $114.63M | -$13.17M | -$105.42M | -$73.19M | -$72.3M | -$809K | $1.01M | $118.84M | $44.21M | $67.39M | $46.32M | $40.82M | $28.1M | $8.85M | $19.39M | $27.67M | $5.77M | $8.63M | $3.2M |
| Depreciation & Amortization | $57.73M | $56.15M | $51.4M | $50.42M | $68.35M | $67.83M | $63.97M | $60.7M | $100.67M | $90.89M | $82.61M | $80.53M | $74.38M | $69.22M | $64.63M | $62.55M | $55.03M | $48.28M | $42.88M | $29.66M | $17.53M | $6.92M | $6.83M | $6.83M | $6.83M | $6.83M | $6.83M | $6.83M | $1.71M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.85M | -$6.13M | -$17.77M | $2.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $1.85M | $2.2M | $476K | $339K | $285K | $156K | $413K | $522K | $430K | $388K | $997K | $2.09M | $1.26M | $1.32M | $2.9M | $3.23M | $4.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$2.88M | $10.06M | -$5.81M | -$11.1M | -$3.02M | $18.11M | -$1.99M | -$120K | -$4.4M | $10.1M | -$11.76M | $3.54M | -$11.44M | $6.24M | -$8.11M | $7.33M | $17.65M | -$25.85M | -$1.07M | $6.14M | -$15.02M | $3.6M | $0 | $0 | $0 | -$10.25M | -$600K | -$2.7M | $0 |
| Inventory | $2M | $13.86M | $7.07M | -$18.07M | -$7.31M | $11.55M | -$233K | -$2.27M | $18.1M | -$4.3M | -$387K | -$12.2M | $7.92M | $8.77M | -$5.23M | $0 | $0 | $0 | $4.62M | -$16.66M | -$749K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.76M | $0 | $0 | $0 | -$2.97M | $9.76M | $3.39M | $1.01M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$16.38M | -$2.76M | $2.56M | -$2.69M | $286K | -$330K | -$1.07M | $1.84M | -$904K | $415K | $262K | $300K | -$130K | $0 | -$6.31M | -$12.11M | -$10.79M | -$19.44M | -$8.24M | $2.41M | $6.25M | $1.1M | -$5.05M | -$2.94M | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$17.26M | $21.16M | $3.81M | -$31.86M | -$10.05M | $29.33M | -$3.29M | -$548K | $12.8M | $6.21M | -$11.88M | -$8.36M | -$3.65M | $15.01M | -$12.89M | -$4.78M | $6.86M | -$45.28M | -$7.66M | $1.65M | -$6.13M | $5.72M | -$5.05M | -$2.94M | $10.04M | -$10.25M | -$600K | -$2.7M | $0 |
| Other Non-Cash Items | -$32.92M | $2.36M | -$16.68M | -$10M | $68.23M | -$36.53M | $2.38M | $18.64M | $122.72M | $34.71M | -$11.35M | -$2.53M | -$14.67M | $3.41M | -$9.77M | -$2.75M | -$3.6M | -$607K | $4.23M | $7.91M | -$6.66M | $9.37M | $14K | $14K | $14K | $14K | -$15K | $18K | -$4.85M |
| Net Cash from Operating | $19.82M | $128.16M | $139.44M | $24.13M | -$44.46M | $110.94M | $52.86M | -$16.1M | $31.74M | $127.79M | $174.39M | $57.48M | -$47.27M | -$6.71M | -$12.16M | $50.97M | $44.77M | $127.9M | $83.65M | $106.61M | $51.06M | $62.82M | $29.89M | $12.75M | $36.27M | $24.26M | $11.99M | $12.78M | $57K |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$134.45M | -$2.62M | -$73.67M | -$95.42M | -$17.73M | -$18.08M | -$2.53M | -$4.87M | -$37.57M | -$138.36M | -$187.37M | -$74.05M | -$8.85M | -$2.75M | -$91.54M | -$196.03M | -$171.91M | -$10.05M | -$8.42M | -$317.8M | -$294.16M | -$66.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.83M | $0 | $10.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10M | $0 | -$9.51M | -$11.4M | $0 | $0 | -$795K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $46.75M | $0 | $0 | $81.07M | $14.26M | $602K | $212K | $89.92M | -$8.96M | -$50.13M | -$4.77M | -$1K | $1.36M | $8.87M | $10.61M | -$8.38M | $0 | -$10.05M | -$18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$119.55M |
| Net Cash from Investing | -$87.7M | -$2.62M | -$73.67M | -$14.34M | -$3.46M | -$17.48M | -$2.32M | $85.05M | -$46.53M | -$186.81M | -$197.42M | -$81.69M | -$73.25M | $6.13M | -$81.78M | -$196.03M | -$171.91M | -$10.05M | -$26.42M | -$317.8M | -$294.16M | -$66.14M | $0 | $0 | $0 | $0 | $0 | $0 | -$119.55M |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | -$156.21M | $32.74M | $5.22M | $17.41M | $38.74M | $46.23M | $35M | $68.1M | $55.36M | -$117M | -$80M | - | - | - | -$155M | -$225M | $15M | $90.5M | $68.01M | -$43.5M | -$130M | $30M | - | - | - | - | - | -$30M | - |
| Common Stock Issuance | $0 | $8.93M | $0 | $49.1M | $80.05M | $20.71M | $17.92M | $0 | $103.75M | $120.07M | $0 | $113.43M | $172.61M | $75.58M | $4K | $136.51M | $236.68M | $158.89M | $119.75M | $288.36M | $161.97M | $112.14M | $0 | $0 | $0 | $0 | $0 | $0 | $119.4M |
| Common Stock Repurchases | $0 | -$3.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$27.06M | $0 |
| Dividends Paid | -$84.7M | -$87.69M | -$89.78M | -$22.68M | -$9.7M | -$67.24M | -$14.26M | -$9.94M | -$54.23M | -$125.65M | -$123.07M | -$54.07M | -$41.76M | -$63.5M | -$54.27M | -$79.73M | -$95.43M | -$165.89M | -$107.35M | -$122.59M | -$64.28M | -$47.2M | -$29.61M | -$13.1M | -$37.56M | -$24.85M | -$13.1M | -$15.71M | -$3.5M |
| Other Financing Activities | -$2.51M | $0 | -$669K | $0 | -$1.1M | -$320K | -$14.19M | $0 | -$13.13M | -$130K | -$4.64M | $0 | $0 | -$6.14M | $0 | $1K | $0 | -$2.32M | -$14K | -$591K | -$1.08M | -$1.46M | $0 | $0 | $0 | $0 | -$18K | -$37K | $3.53M |
| Net Cash from Financing | $68.99M | -$115.05M | -$95.67M | $9.01M | $30.51M | -$93.08M | -$38.25M | -$78.03M | -$18.96M | $111.29M | -$47.71M | $59.36M | $130.85M | $32.09M | $100.73M | $131.78M | $126.25M | -$99.81M | -$55.61M | $208.68M | $226.61M | $33.49M | -$29.61M | -$13.1M | -$37.56M | -$24.85M | -$13.12M | -$12.77M | $119.43M |
| Forex Effect | $361K | $536K | -$44K | -$142K | -$13K | $39K | $23K | $51K | -$64K | $15K | -$104K | -$97K | -$171K | $0 | $0 | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.48M | $11.02M | -$29.94M | $18.65M | -$17.42M | $432K | $12.31M | -$9.03M | -$23.81M | $52.28M | -$70.85M | $35.06M | $10.16M | $31.5M | $6.79M | -$13.28M | -$882K | $18.04M | $1.61M | -$2.51M | -$16.49M | $30.17M | $288K | -$353K | -$1.29M | -$584K | -$1.13M | -$27K | -$64K |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $19.84M | $128.16M | $139.44M | $24.13M | -$44.46M | $110.94M | $52.86M | -$16.1M | $31.74M | $127.79M | $174.39M | $57.48M | -$47.27M | -$6.71M | -$12.16M | $50.97M | $44.77M | $127.9M | $83.65M | $106.61M | $51.06M | $62.82M | $29.89M | $12.75M | $36.27M | $24.26M | $11.99M | $12.78M | $57K |
| Capital Expenditure | -$136.45M | -$2.62M | -$73.67M | -$95.42M | -$17.73M | -$18.08M | -$2.53M | -$4.87M | -$37.57M | -$138.36M | -$187.37M | -$74.05M | -$8.85M | -$2.75M | -$91.54M | -$196.03M | -$171.91M | -$10.05M | -$8.42M | -$317.8M | -$294.16M | -$66.14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$116.61M | $125.54M | $65.78M | -$71.28M | -$62.19M | $92.87M | $50.33M | -$20.97M | -$5.83M | -$10.58M | -$12.98M | -$16.57M | -$56.11M | -$9.45M | -$103.7M | -$145.06M | -$127.14M | $117.85M | $75.22M | -$211.19M | -$243.11M | -$3.32M | $29.89M | $12.75M | $36.27M | $24.26M | $11.99M | $12.78M | $57K |
| Cash at Beginning | $44.38M | $33.36M | $63.3M | $44.65M | $62.07M | $61.64M | $49.33M | $58.36M | $82.17M | $29.89M | $100.73M | $65.67M | $55.51M | $24.01M | $17.22M | $30.5M | $31.38M | $13.34M | $11.73M | $14.24M | $30.73M | $566K | $278K | $631K | $1.92M | $2.51M | $3.64M | $3.66M | $83K |
| Cash at End | $45.86M | $44.38M | $33.36M | $63.3M | $44.65M | $62.07M | $61.64M | $49.33M | $58.36M | $82.17M | $29.89M | $100.74M | $65.67M | $55.51M | $24.01M | $17.22M | $30.5M | $31.38M | $13.34M | $11.73M | $14.24M | $30.73M | $566K | $278K | $631K | $1.92M | $2.51M | $3.64M | $19K |