Independent Petroleum Group K.S.C.P. (KWSE: IPG)

IPG Balance Sheet

Financials in millions KWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	99.45	79.3	108.51	69.42	44.05	21.55
Short-Term Investments	1.32	1.32	1.27	2.15	2.38	2.19
Cash & Short-Term Investments	100.78	80.61	109.78	71.57	46.42	23.73
Cash Growth	22.25%	-26.57%	53.39%	54.17%	95.63%	-65.52%
Accounts Receivable	110.91	177.49	64.61	98.78	56.91	69.83
Other Receivables	-	7.33	6.85	29.34	28.55	16.67
Receivables	123.43	198.36	92.02	128.98	91.3	93.13
Inventory	20.07	27.24	51.74	50.77	24.84	22.23
Prepaid Expenses	-	2.5	1.51	1.22	0.71	0.91
Other Current Assets	73.67	67.26	60.98	69.69	65.49	60.67
Total Current Assets	317.95	375.97	316.03	322.21	228.76	200.68
Property, Plant & Equipment	42.47	47.81	55.57	35.84	36.25	34.3
Long-Term Investments	66.48	65.15	62.56	61.06	60.9	58.98
Total Assets	431.4	493.47	439.04	423.88	330.71	298.73
Accounts Payable	120.98	111.6	55.92	104.03	52.77	36.9
Accrued Expenses	2.21	35.49	31.46	19.89	15.6	30.73
Short-Term Debt	-	-	-	-	140.81	110.12
Current Portion of Long-Term Debt	172.81	204.33	196.16	170.31	1.62	1.6
Current Portion of Leases	1.07	5	5.56	3.52	2.7	3.7
Current Income Taxes Payable	-	0.08	0.08	0.08	0.07	0.07
Other Current Liabilities	-	2.7	2.65	2.45	2.41	2.86
Total Current Liabilities	297.07	359.2	291.84	300.27	215.98	185.97
Long-Term Debt	12.09	12.15	24.87	19.47	10.79	12.39
Long-Term Leases	15.57	15.69	20.83	2.14	2.17	0.61
Total Liabilities	326.68	388.82	338.98	323.24	230.61	200.57
Common Stock	18.84	18.84	18.84	18.84	18.84	18.84
Additional Paid-In Capital	29.67	29.67	29.67	29.67	29.67	29.67
Retained Earnings	37.57	36.82	34.43	32.2	30.43	28.97
Treasury Stock	-2.77	-2.77	-2.77	-2.77	-2.77	-2.77
Comprehensive Income & Other	21.41	22.09	19.9	22.7	23.93	23.45
Shareholders' Equity	104.72	104.65	100.06	100.63	100.09	98.16
Total Liabilities & Equity	431.4	493.47	439.04	423.88	330.71	298.73
Total Debt	201.53	237.17	247.43	195.44	158.1	128.41
Net Cash (Debt)	-100.76	-156.56	-137.65	-123.88	-111.67	-104.68
Net Cash Per Share	-0.56	-0.87	-0.76	-0.69	-0.62	-0.58
Filing Date Shares Outstanding	180.79	180.79	180.79	180.79	180.79	180.79
Total Common Shares Outstanding	180.79	180.79	180.79	180.79	180.79	180.79
Working Capital	20.87	16.77	24.19	21.95	12.78	14.7
Book Value Per Share	0.58	0.58	0.55	0.56	0.55	0.54
Tangible Book Value	104.72	104.65	100.06	100.63	100.09	98.16
Tangible Book Value Per Share	0.58	0.58	0.55	0.56	0.55	0.54
Land	-	0.54	0.54	0.54	0.54	0.54
Buildings	-	3.27	3.27	1.69	1.69	1.69
Machinery	-	39.76	39.52	38.01	52.35	51.57
Construction In Progress	-	-	-	3.76	2.28	-
Leasehold Improvements	-	0.07	0.07	0.07	0.08	0.07

Source: S&P Capital IQ. Standard template. Financial Sources.