2020 Bulkers Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	15.2	16.1	30.7	15.5	24	19.9
Trading Asset Securities	-	-	4	5.8	0.4	0.2
Cash & Short-Term Investments	15.2	16.1	34.7	21.3	24.4	20.1
Cash Growth	-28.30%	-53.60%	62.91%	-12.71%	21.39%	-
Accounts Receivable	1	1.1	1.1	2.4	0.9	0.7
Receivables	1	1.1	1.1	2.4	0.9	0.7
Restricted Cash	0.1	0.1	0.1	0.2	0.1	0.1
Other Current Assets	121.7	1.9	2.8	3.5	2.8	2.3
Total Current Assets	138	19.2	38.7	27.4	28.2	23.2
Property, Plant & Equipment	125	247.4	337.4	349	360.6	372.3
Long-Term Investments	-	-	-	3.4	1.1	-
Other Long-Term Assets	-	-	-	-	0.7	0.2
Total Assets	263	266.6	376.1	379.8	390.6	395.7
Accounts Payable	0.9	0.5	0.6	1	0.7	0.6
Accrued Expenses	2.2	3.1	3.5	2.9	3.2	3
Current Portion of Long-Term Debt	54.1	-	14.8	14.8	15	15.1
Current Unearned Revenue	1.1	0.7	2.3	1	-	-
Other Current Liabilities	0.2	0.3	4.8	0.9	2.4	2.3
Total Current Liabilities	58.5	4.6	26	20.6	21.3	21
Long-Term Debt	56.5	110.1	125.1	134.4	143.9	154
Long-Term Leases	-	-	64	68.8	73.6	78.4
Other Long-Term Liabilities	-	-	-	0.1	0.1	0.2
Total Liabilities	115	114.7	215.1	223.9	238.9	253.6
Common Stock	22.9	22.9	22.9	22.2	22.2	22.2
Additional Paid-In Capital	11.9	13.1	12.7	28.7	64.7	116.9
Retained Earnings	113	115.8	121.4	95.8	63.9	4.4
Comprehensive Income & Other	-	-	4	9.2	0.9	-1.4
Total Common Equity	147.8	151.8	161	155.9	151.7	142.1
Minority Interest	0.2	0.1	-	-	-	-
Shareholders' Equity	148	151.9	161	155.9	151.7	142.1
Total Liabilities & Equity	263	266.6	376.1	379.8	390.6	395.7
Total Debt	110.6	110.1	203.9	218	232.5	247.5
Net Cash (Debt)	-95.4	-94	-169.2	-196.7	-208.1	-227.4
Net Cash Per Share	-4.17	-4.11	-7.50	-8.73	-9.23	-10.26
Filing Date Shares Outstanding	22.87	22.87	22.87	22.22	22.22	22.17
Total Common Shares Outstanding	22.87	22.87	22.87	22.22	22.22	22.17
Working Capital	79.5	14.6	12.7	6.8	6.9	2.2
Book Value Per Share	6.46	6.64	7.04	7.02	6.83	6.41
Tangible Book Value	147.8	151.8	161	155.9	151.7	142.1
Tangible Book Value Per Share	6.46	6.64	7.04	7.02	6.83	6.41
Machinery	145.3	290.5	383.4	383.4	383.4	383.4

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.