Ardmore Shipping Corporation (ASC)

Ardmore Shipping Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	46.93	133.01	116.81	138.45	-36.83	-6.05
Depreciation & Amortization	31.22	30.24	27.82	29.28	31.7	32.19
Other Amortization	5.21	4.77	4.78	5.62	6.79	7.97
Loss (Gain) From Sale of Assets	-	-12.32	-	6.92	-	6.45
Loss (Gain) on Equity Investments	4.92	4.51	1.04	0.2	0.32	-
Stock-Based Compensation	4.24	4.65	3.22	3.06	2.61	3
Other Operating Activities	-8.53	-8.52	-11.97	-3.3	-5.66	-6.78
Change in Accounts Receivable	22.38	-4.64	23.61	-59.56	-2.5	12.27
Change in Inventory	3.21	1.25	3.16	-4.62	-0.82	-0.12
Change in Accounts Payable	-7.08	4.05	-4.41	-1.61	1.15	2.54
Change in Unearned Revenue	2.53	0.14	-0.87	-0.85	2.07	-
Change in Other Net Operating Assets	-4.69	3.3	-3.57	10.63	-1.72	-5.38
Operating Cash Flow	100.35	160.45	159.61	124.21	-2.89	46.09
Operating Cash Flow Growth	-36.61%	0.52%	28.50%	-	-	125.16%
Capital Expenditures	-18.82	-61.02	-25.38	-3.81	-2.63	-20.9
Sale of Property, Plant & Equipment	-	26.83	-	39.91	9.9	-
Investment in Securities	-	1.65	-1.24	-0.59	-5.54	-
Other Investing Activities	-0.23	-0.43	-0.21	-0.11	-0.09	-0.09
Investing Cash Flow	-19.05	-32.97	-26.84	35.41	1.63	-20.99
Long-Term Debt Issued	-	104.86	-	131.88	49	20.38
Long-Term Debt Repaid	-	-155.13	-85.98	-328.5	-86.87	-36.67
Net Debt Issued (Repaid)	-19.18	-50.27	-85.98	-196.62	-37.87	-16.29
Issuance of Common Stock	-	-	-	38.91	-	-
Repurchase of Common Stock	-17.94	-17.94	-	-	-	-0.29
Preferred Dividends Paid	-3.37	-3.81	-3.4	-3.29	-0.79	-
Common Dividends Paid	-28.73	-45.08	-47.15	-	-	-1.66
Dividends Paid	-32.1	-48.88	-50.55	-3.29	-0.79	-1.66
Other Financing Activities	-	-0.2	-	-3.51	-0.98	-0.22
Financing Cash Flow	-79.21	-127.29	-136.54	-164.5	-1.66	-18.46
Net Cash Flow	2.08	0.18	-3.76	-4.88	-2.92	6.64
Free Cash Flow	81.53	99.43	134.23	120.4	-5.52	25.19
Free Cash Flow Growth	-6.68%	-25.93%	11.48%	-	-	40.95%
Free Cash Flow Margin	25.15%	24.50%	33.90%	27.01%	-2.87%	11.45%
Free Cash Flow Per Share	1.97	2.37	3.21	3.14	-0.16	0.76
Cash Interest Paid	3.26	6.05	11.68	17.3	14.3	16.43
Cash Income Tax Paid	0.17	0.11	0.54	0.05	0.2	0.14
Levered Free Cash Flow	73.69	58.3	95.43	70.06	22.52	23.82
Unlevered Free Cash Flow	75.21	61.4	101.32	78.31	31.03	33.41
Change in Working Capital	16.36	4.1	17.92	-56.02	-1.82	9.32

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

SEC Filings: 10-K · 10-Q