Top Ships Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.1M | $5.0M | $6.1M | $18.9M | $8.6M | $-22.8M | $-14.8M | $-11.1M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | $13.3M | $14.3M | $13.3M | $7.7M | $13.2M | $12.4M | $6.4M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $0 | $0 | $-16.0K | $-34.0K | $-34.0K | $-34.0K | $-34.0K |
| Net Cash from Operating Activities | $26.4M | $17.3M | $28.9M | $33.4M | $16.1M | $6.0M | $19.2M | $716.0K |
| Investing Activities | ||||||||
| Capital Expenditures | $9.3M | $0 | $0 | $216.7M | $0 | $0 | $48.1M | $0 |
| Business Acquisitions | — | — | $0 | $0 | $29.8M | $62.0M | $14.4M | $23.5M |
| Net Cash from Investing Activities | $-1.3M | $-12.4M | $2.5M | $-142.7M | $-76.7M | $181.3M | $-203.3M | $-68.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-14.5M | $-33.2M | $-16.0M | $127.4M | $43.6M | $-177.3M | $189.7M | $44.8M |
| Net Change in Cash | $10.6M | $-28.3M | $15.4M | $18.2M | $-17.0M | $10.1M | $5.6M | $-23.0M |
| Free Cash Flow | $17.1M | $17.3M | $28.9M | $-183.3M | $16.1M | $6.0M | $-28.9M | $716.0K |