Nordic American Tankers Limited (NAT)

Nordic American Tankers 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	13.38	46.64	98.71	15.1	-171.33	50.03
Depreciation & Amortization	56.3	56.15	51.4	50.42	68.35	67.83
Other Amortization	0.43	0.85	1.45	3.59	2.99	4.35
Loss (Gain) From Sale of Assets	-	-	-	-6.01	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.31	60.31	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	0.22
Stock-Based Compensation	0.74	1.85	2.2	0.48	0.34	0.29
Other Operating Activities	-33.74	-2.46	-9.65	-8.13	-6.82	-21.86
Change in Accounts Receivable	6.58	10.07	-5.81	-11.1	-3.03	18.11
Change in Inventory	10.51	13.86	7.07	-18.07	-7.31	11.55
Change in Accounts Payable	5.76	3.97	-8.48	0.23	11.74	-19.26
Change in Other Net Operating Assets	-1.61	-2.76	2.56	-2.69	0.29	-0.33
Operating Cash Flow	58.34	128.16	139.45	24.13	-44.46	110.94
Operating Cash Flow Growth	-47.29%	-8.09%	477.79%	-	-	109.89%
Capital Expenditures	-136.21	-2.62	-73.67	-95.42	-17.73	-18.08
Sale of Property, Plant & Equipment	46.75	-	-	81.07	14.26	-
Investment in Securities	-	-	-	-	-	0.6
Investing Cash Flow	-89.46	-2.62	-73.67	-14.34	-3.47	-17.48
Long-Term Debt Issued	-	-	54	88	-	29.3
Long-Term Debt Repaid	-	-32.74	-59.22	-105.41	-38.74	-75.53
Net Debt Issued (Repaid)	157.74	-32.74	-5.22	-17.41	-38.74	-46.23
Issuance of Common Stock	8.93	8.93	-	49.1	80.05	20.71
Common Dividends Paid	-86.11	-87.7	-89.78	-22.68	-9.7	-67.24
Other Financing Activities	-3.55	-3.55	-0.67	-	-1.1	-0.32
Financing Cash Flow	77.01	-115.05	-95.67	9.01	30.51	-93.08
Foreign Exchange Rate Adjustments	1.02	0.54	-0.04	-0.14	-0.01	0.04
Net Cash Flow	46.9	11.02	-29.94	18.65	-17.42	0.43
Free Cash Flow	-77.88	125.54	65.78	-71.28	-62.19	92.87
Free Cash Flow Growth	-	90.86%	-	-	-	84.52%
Free Cash Flow Margin	-25.86%	35.89%	16.79%	-21.01%	-32.55%	26.19%
Free Cash Flow Per Share	-0.37	0.60	0.32	-0.35	-0.38	0.62
Cash Interest Paid	14.4	29.89	29.04	23.46	23.39	27.13
Cash Income Tax Paid	0.01	0.01	0.02	0.06	0.06	0.07
Levered Free Cash Flow	-79.6	102.89	53.36	-43.32	-36.24	106.11
Unlevered Free Cash Flow	-60.38	121.26	70.97	-30	-22.74	121.43
Change in Working Capital	21.25	25.13	-4.67	-31.63	1.7	10.07

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

SEC Filings: 10-K · 10-Q