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

KWSE:IPG Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	97.79	79.3	108.51	69.42	44.05
Short-Term Investments	1.1	1.32	1.27	2.15	2.38
Cash & Short-Term Investments	98.9	80.61	109.78	71.57	46.42
Cash Growth	22.68%	-26.57%	53.39%	54.17%	95.63%
Accounts Receivable	151.58	177.49	64.61	98.78	56.91
Other Receivables	6.17	7.33	6.85	29.34	28.55
Receivables	170.41	198.36	92.02	128.98	91.3
Inventory	26.81	27.24	51.74	50.77	24.84
Prepaid Expenses	1.22	2.5	1.51	1.22	0.71
Other Current Assets	73.63	67.26	60.98	69.69	65.49
Total Current Assets	370.96	375.97	316.03	322.21	228.76
Property, Plant & Equipment	45.22	47.81	55.57	35.84	36.25
Long-Term Investments	69.99	65.15	62.56	61.06	60.9
Total Assets	490.72	493.47	439.04	423.88	330.71
Accounts Payable	95.02	111.6	55.92	104.03	52.77
Accrued Expenses	43.09	35.49	31.46	19.89	15.6
Short-Term Debt	-	-	-	-	140.81
Current Portion of Long-Term Debt	203.48	204.33	196.16	170.31	1.62
Current Portion of Leases	4.12	5	5.56	3.52	2.7
Current Income Taxes Payable	0.1	0.08	0.08	0.08	0.07
Other Current Liabilities	3.12	2.7	2.65	2.45	2.41
Total Current Liabilities	348.92	359.2	291.84	300.27	215.98
Long-Term Debt	12.22	12.15	24.87	19.47	10.79
Long-Term Leases	15.36	15.69	20.83	2.14	2.17
Total Liabilities	378.45	388.82	338.98	323.24	230.61
Common Stock	18.84	18.84	18.84	18.84	18.84
Additional Paid-In Capital	29.67	29.67	29.67	29.67	29.67
Retained Earnings	40.41	36.82	34.43	32.2	30.43
Treasury Stock	-2.77	-2.77	-2.77	-2.77	-2.77
Comprehensive Income & Other	26.12	22.09	19.9	22.7	23.93
Shareholders' Equity	112.27	104.65	100.06	100.63	100.09
Total Liabilities & Equity	490.72	493.47	439.04	423.88	330.71
Total Debt	235.18	237.17	247.43	195.44	158.1
Net Cash (Debt)	-136.28	-156.56	-137.65	-123.88	-111.67
Net Cash Per Share	-0.75	-0.87	-0.76	-0.69	-0.62
Filing Date Shares Outstanding	180.79	180.79	180.79	180.79	180.79
Total Common Shares Outstanding	180.79	180.79	180.79	180.79	180.79
Working Capital	22.04	16.77	24.19	21.95	12.78
Book Value Per Share	0.62	0.58	0.55	0.56	0.55
Tangible Book Value	112.27	104.65	100.06	100.63	100.09
Tangible Book Value Per Share	0.62	0.58	0.55	0.56	0.55
Land	0.54	0.54	0.54	0.54	0.54
Buildings	3.22	3.27	3.27	1.69	1.69
Machinery	39.79	39.76	39.52	38.01	52.35
Construction In Progress	0.03	-	-	3.76	2.28
Leasehold Improvements	0.07	0.07	0.07	0.07	0.08

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