Ardmore Shipping Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $41.0M | $133.0M | $116.8M | $138.5M | $-36.8M | $-6.0M | $-22.9M | $-42.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $33.8M | $30.2M | $27.8M | $29.3M | $31.7M | $32.2M | $32.3M | $35.1M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.8M | $4.7M | $3.2M | $3.1M | $2.6M | $3.0M | $2.3M | $1.6M |
| Net Cash from Operating Activities | $81.6M | $160.4M | $159.6M | $124.2M | $-2.9M | $46.1M | $20.5M | $9.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-121.0M | $-33.0M | $-26.8M | $35.4M | $1.6M | $-21.0M | $23.9M | $-17.6M |
| Financing Activities | ||||||||
| Dividends Paid | $12.2M | $45.1M | $47.2M | — | — | $1.7M | $0 | $0 |
| Stock Repurchases | — | $17.9M | — | — | — | $287.0K | $0 | $0 |
| Net Cash from Financing Activities | $39.2M | $-127.3M | $-136.5M | $-164.5M | $-1.7M | $-18.5M | $-49.5M | $25.6M |
| Net Change in Cash | — | — | — | — | — | — | — | $17.4M |
| Free Cash Flow | — | — | — | — | — | — | — | — |