Ardmore Shipping (ASC) Financial Statements
Price: $9.1475
Market Cap: $370.06M
Avg Volume: 828.22K
Market Cap: $370.06M
Avg Volume: 828.22K
Country: BM
Industry: Marine Shipping
Sector: Industrials
Industry: Marine Shipping
Sector: Industrials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Ardmore Shipping.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $405.78M | $395.98M | $445.74M | $192.48M | $220.06M | $230.04M | $210.18M | $195.94M | $164.40M | $157.88M |
| Cost of Revenue | $233.99M | $228.87M | $250.21M | $188.04M | $121.01M | $128.38M | $133.28M | $107.01M | $67.21M | $54.29M |
| Gross Profit | $171.79M | $167.11M | $195.53M | $4.44M | $99.05M | $101.66M | $76.90M | $88.93M | $97.19M | $103.59M |
| Gross Profit Ratio | 42.34% | 42.20% | 43.87% | 2.31% | 45.01% | 44.19% | 36.59% | 45.39% | 59.12% | 65.61% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $28.04M | $20.57M | $24.11M | $19.20M | $17.90M | $18.15M | $15.86M | $14.60M | $14.08M | $10.75M |
| Selling and Marketing Expenses | $- | $4.68M | $4.17M | $3.12M | $2.78M | $3.19M | $3.23M | $2.62M | $2.02M | $329.75K |
| Selling General and Administrative Expenses | $28.04M | $25.24M | $24.11M | $19.20M | $17.90M | $18.15M | $15.86M | $14.60M | $14.08M | $10.75M |
| Other Expenses | $11.83M | $- | $11.97M | $5.17M | $62.55M | $67.35M | $-3.64M | $-2.92M | $-2.72M | $-2.12M |
| Operating Expenses | $39.87M | $25.24M | $36.08M | $24.37M | $80.45M | $85.50M | $86.52M | $80.41M | $73.19M | $59.29M |
| Cost and Expenses | $273.86M | $240.03M | $286.29M | $212.41M | $201.46M | $213.87M | $219.80M | $187.42M | $140.40M | $113.58M |
| Interest Income | $1.82M | $1.82M | $471.00K | $55.09K | $281.62K | $952.19K | $606.66K | $436.19K | $164.63K | $15.57K |
| Interest Expense | $6.78M | $11.41M | $15.54M | $16.77M | $18.17M | $26.76M | $27.41M | $21.38M | $17.75M | $12.28M |
| Depreciation and Amortization | $33.88M | $27.82M | $33.44M | $36.87M | $38.39M | $37.13M | $38.78M | $37.20M | $32.81M | $24.16M |
| EBITDA | $178.39M | $157.85M | $187.83M | $11.83M | $50.63M | $40.55M | $21.14M | $46.14M | $54.37M | $68.46M |
| EBITDA Ratio | 43.96% | 39.86% | 42.14% | 6.15% | 23.01% | 17.63% | 10.06% | 23.55% | 33.07% | 43.36% |
| Operating Income | $131.92M | $131.67M | $159.93M | $-19.87M | $18.88M | $17.12M | $-9.62M | $8.51M | $24.00M | $44.30M |
| Operating Income Ratio | 32.51% | 33.25% | 35.88% | -10.32% | 8.58% | 7.44% | -4.58% | 4.34% | 14.60% | 28.06% |
| Total Other Income Expenses Net | $5.81M | $-13.39M | $-49.87M | $-16.49M | $-24.73M | $-43.77M | $-33.16M | $-20.94M | $-20.19M | $-12.27M |
| Income Before Tax | $137.74M | $118.28M | $138.86M | $-36.37M | $-5.85M | $-22.80M | $-42.78M | $-12.43M | $3.81M | $32.03M |
| Income Before Tax Ratio | 33.94% | 29.87% | 31.15% | -18.89% | -2.66% | -9.91% | -20.35% | -6.34% | 2.32% | 20.29% |
| Income Tax Expense | $215.00K | $435.00K | $207.00K | $149.59K | $199.45K | $58.77K | $162.92K | $59.57K | $60.43K | $79.86K |
| Net Income | $133.01M | $116.81M | $138.45M | $-36.52M | $-6.05M | $-22.86M | $-42.94M | $-12.49M | $3.75M | $31.95M |
| Net Income Ratio | 32.78% | 29.50% | 31.06% | -18.97% | -2.75% | -9.94% | -20.43% | -6.37% | 2.28% | 20.24% |
| EPS | $3.09 | $2.76 | $3.63 | $-1.08 | $-0.18 | $-0.69 | $-1.31 | $-0.37 | $0.12 | $1.23 |
| EPS Diluted | $3.06 | $2.71 | $3.52 | $-1.08 | $-0.18 | $-0.69 | $-1.31 | $-0.37 | $0.12 | $1.23 |
| Weighted Average Shares Outstanding | 41.66M | 41.13M | 37.24M | 33.88M | 33.24M | 33.10M | 32.78M | 33.44M | 30.14M | 26.06M |
| Weighted Average Shares Outstanding Diluted | 42.04M | 41.82M | 38.36M | 33.88M | 33.24M | 33.10M | 32.84M | 33.44M | 30.14M | 26.06M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $46.99M | $46.80M | $50.57M | $55.45M | $58.37M | $51.72M | $56.90M | $39.46M | $55.95M | $40.11M |
| Short Term Investments | $- | $- | $4.93M | $307.00K | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $46.99M | $46.80M | $50.57M | $55.45M | $58.37M | $51.72M | $56.90M | $39.46M | $55.95M | $40.11M |
| Net Receivables | $60.87M | $56.23M | $79.84M | $20.30M | $17.81M | $30.08M | $27.46M | $27.26M | $23.23M | $26.21M |
| Inventory | $11.31M | $12.56M | $15.72M | $11.10M | $10.27M | $10.16M | $12.81M | $9.63M | $7.34M | $3.97M |
| Other Current Assets | $7.38M | $11.18M | $11.61M | $7.06M | $16.10M | $6.05M | $12.29M | $7.53M | $7.24M | $45.11M |
| Total Current Assets | $126.55M | $126.78M | $157.74M | $94.22M | $102.54M | $98.02M | $109.47M | $83.88M | $93.76M | $115.41M |
| Property Plant Equipment Net | $570.27M | $538.13M | $547.47M | $604.46M | $633.12M | $662.95M | $724.61M | $752.26M | $785.95M | $658.63M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $10.70M | $11.22M | $3.86M | $2.88M | $2.88M | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $7.98M | $15.34M | $7.43M | $21.99M | $13.46M | $8.59M | $10.68M | $9.39M | $3.93M | $4.16M |
| Total Non-Current Assets | $578.25M | $564.17M | $566.12M | $630.31M | $649.46M | $674.42M | $735.29M | $761.66M | $789.88M | $662.79M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $704.80M | $690.95M | $723.86M | $724.53M | $752.01M | $772.44M | $844.76M | $845.54M | $883.64M | $778.20M |
| Account Payables | $6.07M | $2.02M | $8.81M | $8.58M | $9.13M | $4.79M | $8.60M | $16.10M | $14.45M | $12.48M |
| Short Term Debt | $4.96M | $12.27M | $21.14M | $36.46M | $41.77M | $38.48M | $49.16M | $40.61M | $41.99M | $53.79M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $482.00K | $347.00K | $1.22M | $2.07M | $12.00M | $- | $- | $- | $507.78K | $1.19M |
| Other Current Liabilities | $18.31M | $19.20M | $21.75M | $11.39M | $12.00M | $17.16M | $17.78M | $1.54M | $2.07M | $1.90M |
| Total Current Liabilities | $29.83M | $33.84M | $52.93M | $58.50M | $62.90M | $60.43M | $75.54M | $58.26M | $59.02M | $69.86M |
| Long Term Debt | $39.27M | $81.71M | $163.48M | $336.09M | $368.34M | $385.95M | $422.64M | $406.31M | $420.36M | $361.23M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $273.00K | $954.00K | $1.01M | $942.51K | $433.97K | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $39.55M | $82.67M | $164.49M | $337.03M | $368.77M | $385.95M | $422.64M | $406.31M | $420.36M | $360.73M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $69.38M | $116.51M | $217.42M | $395.53M | $431.67M | $446.38M | $498.18M | $464.57M | $479.37M | $430.59M |
| Preferred Stock | $27.78M | $37.04M | $37.04M | $37.04M | $- | $- | $- | $1 | $- | $- |
| Common Stock | $440.00K | $433.00K | $426.00K | $363.84K | $352.07K | $350.19K | $350.19K | $340.61K | $340.61K | $263.30K |
| Retained Earnings | $164.91M | $81.39M | $15.13M | $-119.92M | $-81.83M | $-75.79M | $-52.93M | $-9.57M | $2.92M | $10.40M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $1.47M | $1.04M | $-729.13K | $-0 | $-135.40M | $-110.30M | $-76.24M | $-59.70M |
| Other Total Stockholders Equity | $442.29M | $455.58M | $452.37M | $410.47M | $402.55M | $401.49M | $399.16M | $390.20M | $401.01M | $336.95M |
| Total Stockholders Equity | $635.42M | $574.44M | $506.44M | $329.00M | $320.33M | $326.06M | $346.58M | $380.97M | $404.27M | $347.61M |
| Total Equity | $635.42M | $574.44M | $506.44M | $329.00M | $320.33M | $326.06M | $346.58M | $380.97M | $404.27M | $347.61M |
| Total Liabilities and Stockholders Equity | $704.80M | $690.95M | $723.86M | $724.53M | $752.01M | $772.44M | $844.76M | $845.54M | $883.64M | $778.20M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $704.80M | $690.95M | $723.86M | $724.53M | $752.01M | $772.44M | $844.76M | $845.54M | $883.64M | $778.20M |
| Total Investments | $5.24M | $10.70M | $11.22M | $3.86M | $2.88M | $2.88M | $- | $- | $- | $- |
| Total Debt | $44.24M | $93.99M | $184.62M | $372.55M | $409.71M | $424.43M | $471.80M | $446.92M | $462.34M | $415.01M |
| Net Debt | $-2.75M | $47.18M | $134.05M | $317.10M | $351.35M | $372.71M | $414.90M | $407.46M | $406.39M | $374.90M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $133.01M | $116.81M | $138.45M | $-36.83M | $-6.05M | $-22.86M | $-42.94M | $-12.49M | $3.75M | $31.95M |
| Depreciation and Amortization | $33.88M | $31.36M | $29.28M | $31.70M | $32.19M | $32.32M | $35.14M | $34.27M | $30.09M | $24.16M |
| Deferred Income Tax | $- | $- | $- | $-31.39K | $6.67M | $13.09M | $6.16M | $- | $2.60M | $- |
| Stock Based Compensation | $- | $3.22M | $3.06M | $2.61M | $3.00M | $2.33M | $1.64M | $457.05K | $1.30M | $1.44M |
| Change in Working Capital | $4.10M | $17.92M | $-56.02M | $-1.82M | $9.32M | $-6.39M | $8.14M | $-6.00M | $1.86M | $-20.41M |
| Accounts Receivables | $-4.64M | $23.61M | $-59.56M | $-4.22M | $12.27M | $-2.62M | $-195.33K | $-4.12M | $3.04M | $-21.20M |
| Inventory | $1.25M | $3.16M | $-4.62M | $-821.26K | $-115.33K | $2.65M | $-3.18M | $-2.29M | $-3.37M | $-1.48M |
| Accounts Payables | $4.05M | $-4.41M | $-1.61M | $1.15M | $2.54M | $-3.88M | $8.51M | $1.66M | $1.97M | $5.44M |
| Other Working Capital | $3.44M | $-4.44M | $9.78M | $2.07M | $-5.38M | $-2.54M | $3.01M | $-1.24M | $222.83K | $-3.16M |
| Other Non Cash Items | $-10.74M | $-9.69M | $9.44M | $1.48M | $960.21K | $1.98M | $1.29M | $2.17M | $3.03M | $517.89K |
| Net Cash Provided by Operating Activities | $160.25M | $159.61M | $124.21M | $-2.89M | $46.09M | $20.47M | $9.43M | $18.42M | $42.63M | $37.66M |
| Investments in Property Plant and Equipment | $-61.45M | $-25.38M | $-3.81M | $-2.63M | $-20.90M | $-2.60M | $-17.41M | $-2.02M | $-174.54M | $-232.50M |
| Acquisitions Net | $26.83M | $-1.24M | $-588.00K | $-5.54M | $- | $26.67M | $- | $- | $52.66M | $- |
| Purchases of Investments | $- | $- | $-588.00K | $-5.54M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $1.65M | $- | $588.00K | $15.44M | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $-208.00K | $39.81M | $-93.80K | $-88.63K | $-177.95K | $-151.62K | $-262.47K | $52.23M | $-352.52K |
| Net Cash Used for Investing Activities | $-32.97M | $-26.84M | $35.41M | $1.63M | $-20.99M | $23.89M | $-17.56M | $-2.28M | $-122.31M | $-232.85M |
| Debt Repayment | $-50.27M | $-85.98M | $-196.62M | $-37.87M | $-16.29M | $-47.25M | $21.98M | $-20.54M | $49.95M | $190.03M |
| Common Stock Issued | $-17.93M | $- | $38.91M | $37.99M | $- | $- | $7.33M | $- | $63.93M | $- |
| Common Stock Repurchased | $- | $- | $- | $-37.99M | $-287.00K | $- | $- | $-11.26M | $-2.99M | $- |
| Dividends Paid | $-58.88M | $-50.55M | $-3.29M | $-791.78K | $-1.66M | $- | $- | $- | $-9.33M | $-12.98M |
| Other Financing Activities | $-10.00M | $- | $-3.50M | $37.01M | $-219.86K | $-2.30M | $-3.74M | $-826.84K | $-6.04M | $-1.63M |
| Net Cash Used Provided by Financing Activities | $-127.09M | $-136.54M | $-164.50M | $-1.66M | $-18.46M | $-49.55M | $25.58M | $-32.63M | $95.52M | $175.42M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- |
| Net Change in Cash | $183.00K | $-3.76M | $-4.88M | $-2.92M | $6.64M | $-5.18M | $17.45M | $-16.50M | $15.84M | $-19.77M |
| Cash at End of Period | $46.99M | $46.80M | $50.57M | $55.45M | $58.37M | $51.72M | $56.90M | $39.46M | $55.95M | $40.11M |
| Cash at Beginning of Period | $46.80M | $50.57M | $55.45M | $58.37M | $51.72M | $56.90M | $39.46M | $55.95M | $40.11M | $59.88M |
| Operating Cash Flow | $160.25M | $159.61M | $124.21M | $-2.89M | $46.09M | $20.47M | $9.43M | $18.42M | $42.63M | $37.66M |
| Capital Expenditure | $-61.02M | $-25.38M | $-3.81M | $-2.63M | $-20.90M | $-2.60M | $-17.41M | $-2.02M | $-174.54M | $-232.50M |
| Free Cash Flow | $99.22M | $134.22M | $120.40M | $-5.52M | $25.19M | $17.87M | $-7.98M | $16.40M | $-131.91M | $-194.84M |