2020 Bulkers Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	22.1	16.1	30.7	15.5	24
Trading Asset Securities	-	-	4	5.8	0.4
Cash & Short-Term Investments	22.1	16.1	34.7	21.3	24.4
Cash Growth	37.27%	-53.60%	62.91%	-12.71%	21.39%
Accounts Receivable	2	1.1	1.1	2.4	0.9
Receivables	2	1.1	1.1	2.4	0.9
Restricted Cash	0.1	0.1	0.1	0.2	0.1
Other Current Assets	246	1.9	2.8	3.5	2.8
Total Current Assets	270.2	19.2	38.7	27.4	28.2
Property, Plant & Equipment	-	247.4	337.4	349	360.6
Long-Term Investments	-	-	-	3.4	1.1
Other Long-Term Assets	-	-	-	-	0.7
Total Assets	270.2	266.6	376.1	379.8	390.6
Accounts Payable	0.6	0.5	0.6	1	0.7
Accrued Expenses	2.2	3.1	3.5	2.9	3.2
Current Portion of Long-Term Debt	110.7	-	14.8	14.8	15
Current Unearned Revenue	1.7	0.7	2.3	1	-
Other Current Liabilities	6.6	0.3	4.8	0.9	2.4
Total Current Liabilities	121.8	4.6	26	20.6	21.3
Long-Term Debt	-	110.1	125.1	134.4	143.9
Long-Term Leases	-	-	64	68.8	73.6
Other Long-Term Liabilities	-	-	-	0.1	0.1
Total Liabilities	121.8	114.7	215.1	223.9	238.9
Common Stock	22.9	22.9	22.9	22.2	22.2
Additional Paid-In Capital	12	13.1	12.7	28.7	64.7
Retained Earnings	113.3	115.8	121.4	95.8	63.9
Comprehensive Income & Other	-	-	4	9.2	0.9
Total Common Equity	148.2	151.8	161	155.9	151.7
Minority Interest	0.2	0.1	-	-	-
Shareholders' Equity	148.4	151.9	161	155.9	151.7
Total Liabilities & Equity	270.2	266.6	376.1	379.8	390.6
Total Debt	110.7	110.1	203.9	218	232.5
Net Cash (Debt)	-88.6	-94	-169.2	-196.7	-208.1
Net Cash Per Share	-3.87	-4.11	-7.50	-8.73	-9.23
Filing Date Shares Outstanding	22.88	22.87	22.87	22.22	22.22
Total Common Shares Outstanding	22.88	22.87	22.87	22.22	22.22
Working Capital	148.4	14.6	12.7	6.8	6.9
Book Value Per Share	6.48	6.64	7.04	7.02	6.83
Tangible Book Value	148.2	151.8	161	155.9	151.7
Tangible Book Value Per Share	6.48	6.64	7.04	7.02	6.83
Machinery	-	290.5	383.4	383.4	383.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.