Intrepid Potash (IPI) Financials

$40.24 -0.06 (-0.16%)

Closing price 03:59 PM Eastern

Extended Trading

$40.33 +0.09 (+0.23%)

As of 04:10 PM Eastern

Annual Income Statements for Intrepid Potash

This table shows Intrepid Potash's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	72	-36	-213
Consolidated Net Income / (Loss)	72	-36	-213
Net Income / (Loss) Continuing Operations	72	-36	-213
Total Pre-Tax Income	97	-44	-19
Total Operating Income	95	-44	-20
Total Gross Profit	141	37	29
Total Revenue	338	279	255
Operating Revenue	338	279	255
Total Cost of Revenue	196	242	226
Operating Cost of Revenue	196	242	226
Total Operating Expenses	46	81	49
Selling, General & Admin Expense	32	32	33
Other Operating Expenses / (Income)	6.70	4.30	3.31
Impairment Charge	0.00	43	11
Other Special Charges / (Income)	7.47	0.81	1.95
Total Other Income / (Expense), net	1.07	-0.09	1.35
Interest Expense	0.10	0.00	0.11
Interest & Investment Income	0.87	-0.19	1.41
Other Income / (Expense), net	0.31	0.10	0.05
Income Tax Expense	24	-8.39	194
Basic Earnings per Share	$5.49	($2.80)	($16.53)
Weighted Average Basic Shares Outstanding	13.15M	12.76M	12.88M
Diluted Earnings per Share	$5.37	($2.80)	($16.53)
Weighted Average Diluted Shares Outstanding	13.45M	12.76M	12.88M
Weighted Average Basic & Diluted Shares Outstanding	12.97M	13.14M	13.23M

This table shows Intrepid Potash's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	13	3.98	4.51	4.31	-7.20	-37	-3.13	-0.83	-1.83	-207
Consolidated Net Income / (Loss)	13	3.98	4.51	4.31	-7.20	-37	-3.13	-0.83	-1.83	-207
Net Income / (Loss) Continuing Operations	13	3.98	4.51	4.31	-7.20	-37	-3.13	-0.83	-1.83	-207
Total Pre-Tax Income	18	6.14	6.29	6.33	-9.11	-48	-3.91	-1.14	-1.84	-12
Total Operating Income	17	6.13	5.37	7.27	-9.17	-47	-4.31	-1.63	-2.22	-12
Total Gross Profit	27	26	16	15	0.49	4.62	6.43	7.62	7.73	7.29
Total Revenue	75	67	87	81	54	57	79	62	58	56
Operating Revenue	75	67	87	81	54	57	79	62	58	56
Total Cost of Revenue	48	41	71	66	54	52	73	54	50	49
Operating Cost of Revenue	48	41	71	66	54	52	73	54	50	49
Total Operating Expenses	9.32	20	11	8.11	9.66	52	11	9.25	9.96	19
Selling, General & Admin Expense	8.55	9.24	10	8.03	9.06	5.09	9.62	8.82	9.69	4.83
Other Operating Expenses / (Income)	0.76	3.99	0.54	0.10	0.01	3.65	-0.51	-0.64	-0.75	5.22
Impairment Charge	0.00	-	0.00	0.00	0.52	43	1.38	0.83	0.87	7.63
Other Special Charges / (Income)	0.01	6.29	0.20	-0.01	0.06	0.56	0.25	0.24	0.13	1.33
Total Other Income / (Expense), net	0.56	0.01	0.92	-0.94	0.05	-0.13	0.40	0.49	0.38	0.07
Interest & Investment Income	0.84	0.01	0.91	-0.98	0.03	-0.15	0.39	0.43	0.25	0.34
Other Income / (Expense), net	-0.26	0.02	0.01	0.04	0.02	0.02	0.01	0.06	0.14	-0.16
Income Tax Expense	4.90	2.16	1.79	2.02	-1.92	-10	-0.78	-0.30	-0.01	195
Basic Earnings per Share	$0.99	$0.32	$0.35	$0.34	($0.56)	($2.93)	($0.24)	($0.06)	($0.14)	($16.09)
Weighted Average Basic Shares Outstanding	13.26M	13.15M	12.69M	12.77M	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M
Diluted Earnings per Share	$0.97	$0.35	$0.35	$0.33	($0.56)	($2.92)	($0.24)	($0.06)	($0.14)	($16.09)
Weighted Average Diluted Shares Outstanding	13.49M	13.45M	12.88M	12.86M	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M
Weighted Average Basic & Diluted Shares Outstanding	13.49M	12.97M	13.16M	13.16M	13.16M	13.14M	13.27M	13.28M	13.16M	13.23M

This table details how cash moves in and out of Intrepid Potash's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-18	-14	37
Net Cash From Operating Activities	89	43	72
Net Cash From Continuing Operating Activities	89	43	72
Net Income / (Loss) Continuing Operations	72	-36	-213
Consolidated Net Income / (Loss)	72	-36	-213
Depreciation Expense	35	39	37
Amortization Expense	0.59	0.62	0.63
Non-Cash Adjustments To Reconcile Net Income	17	61	25
Changes in Operating Assets and Liabilities, net	-35	-22	222
Net Cash From Investing Activities	-79	-60	-30
Net Cash From Continuing Investing Activities	-79	-60	-30
Purchase of Property, Plant & Equipment	-82	-66	-39
Acquisitions	0.00	0.00	-0.20
Sale of Property, Plant & Equipment	0.06	0.13	4.84
Sale and/or Maturity of Investments	2.51	6.00	3.00
Other Investing Activities, net	0.00	0.80	1.54
Net Cash From Financing Activities	-28	1.89	-5.72
Net Cash From Continuing Financing Activities	-28	1.89	-5.72
Repayment of Debt	-1.01	-5.00	-4.00
Repurchase of Common Equity	-22	0.00	0.00
Issuance of Debt	0.00	9.00	0.00
Other Financing Activities, net	-4.69	-2.11	-1.72
Cash Interest Paid	0.11	0.41	0.50
Cash Income Taxes Paid	1.02	0.18	0.01

This table details how cash moves in and out of Intrepid Potash's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-33	-31	-8.06	6.71	-14	1.28	30	18	-14	3.28
Net Cash From Operating Activities	-14	20	8.45	30	-0.32	4.60	42	28	-4.34	7.56
Net Cash From Continuing Operating Activities	-14	20	8.45	30	-0.32	4.60	42	28	-4.34	7.56
Net Income / (Loss) Continuing Operations	13	3.98	4.51	4.31	-7.20	-37	-3.13	-0.83	-1.83	-207
Consolidated Net Income / (Loss)	13	3.98	4.51	4.31	-7.20	-37	-3.13	-0.83	-1.83	-207
Depreciation Expense	8.36	9.43	9.29	8.89	10	11	9.30	8.59	9.03	10
Amortization Expense	0.15	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16
Non-Cash Adjustments To Reconcile Net Income	1.29	9.05	1.98	3.52	6.35	49	3.98	4.82	2.84	14
Changes in Operating Assets and Liabilities, net	-37	-2.91	-7.48	14	-9.76	-18	31	15	-15	190
Net Cash From Investing Activities	-15	-31	-20	-18	-16	-4.95	-6.58	-9.83	-9.10	-4.02
Net Cash From Continuing Investing Activities	-15	-31	-20	-18	-16	-4.95	-6.58	-9.83	-9.10	-4.02
Purchase of Property, Plant & Equipment	-16	-32	-22	-21	-17	-6.58	-12	-11	-9.61	-6.12
Acquisitions	-	-	0.00	-	-	-	0.00	-	-	-0.20
Sale of Property, Plant & Equipment	-	0.01	0.07	0.02	0.04	-	4.60	0.06	0.01	0.18
Sale and/or Maturity of Investments	1.50	1.00	1.50	2.50	0.50	1.50	0.50	1.00	0.50	1.00
Other Investing Activities, net	-	-	0.00	0.51	0.16	0.13	0.00	0.42	-	1.12
Net Cash From Financing Activities	-3.81	-20	3.92	-5.47	1.81	1.63	-4.96	-0.32	-0.18	-0.26
Net Cash From Continuing Financing Activities	-3.81	-20	3.92	-5.47	1.81	1.63	-4.96	-0.32	-0.18	-0.26
Other Financing Activities, net	-	-0.43	-1.08	-0.47	-0.19	-0.37	-0.96	-0.32	-0.18	-0.26
Cash Interest Paid	0.02	0.05	0.06	0.11	0.11	0.12	0.19	0.10	0.10	0.12

This table presents Intrepid Potash's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	794	769	595
Total Current Assets	172	152	184
Cash & Equivalents	19	4.07	41
Short-Term Investments	5.96	2.97	0.99
Accounts Receivable	28	24	23
Inventories, net	115	114	113
Prepaid Expenses	4.86	7.20	5.27
Plant, Property, & Equipment, net	376	358	344
Total Noncurrent Assets	247	258	66
Long-Term Investments	9.84	6.63	3.57
Intangible Assets	19	19	19
Noncurrent Deferred & Refundable Income Taxes	186	194	0.00
Other Noncurrent Operating Assets	32	38	44
Total Liabilities & Shareholders' Equity	794	769	595
Total Liabilities	79	84	120
Total Current Liabilities	49	47	38
Short-Term Debt	0.00	0.00	0.00
Accounts Payable	19	13	8.62
Accrued Expenses	16	14	9.48
Current Deferred & Payable Income Tax Liabilities	0.01	0.00	0.00
Current Employee Benefit Liabilities	6.98	7.25	9.84
Other Current Liabilities	7.04	12	10
Total Noncurrent Liabilities	30	38	82
Long-Term Debt	0.00	4.00	0.00
Asset Retirement Reserve & Litigation Obligation	27	30	32
Noncurrent Deferred Revenue	-	0.00	45
Other Noncurrent Operating Liabilities	3.69	3.50	4.28
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	715	684	474
Total Preferred & Common Equity	715	684	474
Total Common Equity	715	684	474
Common Stock	661	666	668
Retained Earnings	76	41	-172
Treasury Stock	-22	-22	-22

This table presents Intrepid Potash's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	808	801	796	793	803	797	806
Total Current Assets	198	167	154	147	188	183	190
Cash & Equivalents	49	10	17	2.79	34	52	38
Short-Term Investments	4.97	4.96	3.46	3.46	2.97	2.46	1.98
Accounts Receivable	40	40	26	26	43	23	35
Inventories, net	97	107	104	108	103	102	110
Prepaid Expenses	6.56	4.43	3.74	5.55	5.53	3.83	5.78
Current Deferred & Refundable Income Taxes	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	359	388	401	403	355	354	355
Total Noncurrent Assets	251	246	242	243	260	260	261
Long-Term Investments	12	11	8.61	7.93	6.30	5.09	4.70
Intangible Assets	19	19	19	19	19	19	19
Noncurrent Deferred & Refundable Income Taxes	188	184	182	184	195	195	195
Other Noncurrent Operating Assets	33	32	32	32	39	40	42
Total Liabilities & Shareholders' Equity	808	801	796	793	803	797	806
Total Liabilities	79	81	70	72	121	115	126
Total Current Liabilities	49	44	38	38	39	33	43
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	14	15	12	8.76	11	7.17	8.92
Accrued Expenses	23	14	14	15	13	11	15
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Current Employee Benefit Liabilities	8.16	6.18	5.92	8.05	6.30	6.86	12
Other Current Liabilities	3.85	8.84	5.80	6.87	8.75	8.10	7.73
Total Noncurrent Liabilities	30	36	32	34	81	81	82
Long-Term Debt	0.00	5.00	0.00	2.00	0.00	0.00	0.00
Asset Retirement Reserve & Litigation Obligation	27	27	28	28	31	31	32
Noncurrent Deferred Revenue	-	-	-	-	47	47	46
Other Noncurrent Operating Liabilities	3.12	4.35	4.31	4.00	3.29	3.37	4.44
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	728	720	726	720	682	682	681
Total Preferred & Common Equity	728	720	726	720	682	682	681
Total Common Equity	728	720	726	720	682	682	681
Common Stock	659	661	663	664	666	667	668
Retained Earnings	72	81	85	78	38	37	35
Treasury Stock	-2.88	-22	-22	-22	-22	-22	-22

This table displays calculated financial ratios and metrics derived from Intrepid Potash's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	24.87%	-17.33%	-8.74%
EBITDA Growth	91.05%	-103.18%	535.59%
EBIT Growth	196.24%	-145.82%	54.84%
NOPAT Growth	-63.71%	-143.09%	54.84%
Net Income Growth	-71.09%	-149.39%	-496.66%
EPS Growth	-71.22%	-152.14%	-490.36%
Operating Cash Flow Growth	12.34%	-51.33%	67.70%
Free Cash Flow Firm Growth	-37.74%	-290.12%	1,037.81%
Invested Capital Growth	9.38%	-0.88%	-36.49%
Revenue Q/Q Growth	-1.50%	-3.46%	-0.34%
EBITDA Q/Q Growth	1.19%	-108.68%	206.64%
EBIT Q/Q Growth	1.30%	-552.31%	64.22%
NOPAT Q/Q Growth	-75.31%	-652.48%	64.29%
Net Income Q/Q Growth	-75.28%	-737.36%	-394.02%
EPS Q/Q Growth	-75.64%	-695.74%	-391.96%
Operating Cash Flow Q/Q Growth	0.07%	-25.89%	4.25%
Free Cash Flow Firm Q/Q Growth	-67.63%	38.18%	594.77%
Invested Capital Q/Q Growth	2.74%	-4.73%	-32.61%
Profitability Metrics	-	-	-
Gross Margin	41.89%	13.20%	11.42%
EBITDA Margin	38.82%	-1.50%	7.14%
Operating Margin	28.27%	-15.75%	-7.80%
EBIT Margin	28.36%	-15.72%	-7.78%
Profit (Net Income) Margin	21.39%	-12.78%	-83.57%
Tax Burden Percent	74.83%	80.96%	1,149.77%
Interest Burden Percent	100.80%	100.43%	93.43%
Effective Tax Rate	25.17%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.96%	-4.54%	-2.52%
ROIC Less NNEP Spread (ROIC-NNEP)	8.84%	17.72%	713.92%
Return on Net Nonoperating Assets (RNNOA)	-0.48%	-0.56%	-34.21%
Return on Equity (ROE)	10.48%	-5.10%	-36.73%
Cash Return on Invested Capital (CROIC)	2.00%	-3.66%	42.12%
Operating Return on Assets (OROA)	12.27%	-5.61%	-2.91%
Return on Assets (ROA)	9.25%	-4.57%	-31.23%
Return on Common Equity (ROCE)	10.48%	-5.10%	-36.73%
Return on Equity Simple (ROE_SIMPLE)	10.10%	-5.21%	-44.87%
Net Operating Profit after Tax (NOPAT)	71	-31	-14
NOPAT Margin	21.16%	-11.03%	-5.46%
Net Nonoperating Expense Percent (NNEP)	2.12%	-22.26%	-716.44%
Return On Investment Capital (ROIC_SIMPLE)	9.99%	-4.47%	-2.93%
Cost of Revenue to Revenue	58.11%	86.80%	88.58%
SG&A Expenses to Revenue	9.42%	11.62%	12.94%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.62%	28.96%	19.22%
Earnings before Interest and Taxes (EBIT)	96	-44	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	131	-4.17	18
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.54	0.46	0.61
Price to Tangible Book Value (P/TBV)	0.56	0.47	0.63
Price to Revenue (P/Rev)	1.15	1.13	1.13
Price to Earnings (P/E)	5.39	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	18.55%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.52	0.45	0.57
Enterprise Value to Revenue (EV/Rev)	1.05	1.09	0.95
Enterprise Value to EBITDA (EV/EBITDA)	2.71	0.00	13.35
Enterprise Value to EBIT (EV/EBIT)	3.71	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	4.97	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	4.00	7.05	3.35
Enterprise Value to Free Cash Flow (EV/FCFF)	27.25	0.00	1.04
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.01	0.00
Long-Term Debt to Equity	0.00	0.01	0.00
Financial Leverage	-0.05	-0.03	-0.05
Leverage Ratio	1.13	1.12	1.18
Compound Leverage Factor	1.14	1.12	1.10
Debt to Total Capital	0.00%	0.58%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.58%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	99.42%	100.00%
Debt to EBITDA	0.00	-0.96	0.00
Net Debt to EBITDA	0.00	2.32	0.00
Long-Term Debt to EBITDA	0.00	-0.96	0.00
Debt to NOPAT	0.00	-0.13	0.00
Net Debt to NOPAT	0.00	0.31	0.00
Long-Term Debt to NOPAT	0.00	-0.13	0.00
Altman Z-Score	4.10	2.66	1.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.51	3.27	4.84
Quick Ratio	1.06	0.66	1.72
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	13	-25	232
Operating Cash Flow to CapEx	108.74%	65.15%	214.06%
Free Cash Flow to Firm to Interest Expense	129.02	0.00	2,074.43
Operating Cash Flow to Interest Expense	879.42	0.00	647.28
Operating Cash Flow Less CapEx to Interest Expense	70.65	0.00	344.89
Efficiency Ratios	-	-	-
Asset Turnover	0.43	0.36	0.37
Accounts Receivable Turnover	10.56	10.93	10.89
Inventory Turnover	2.03	2.12	1.99
Fixed Asset Turnover	0.94	0.76	0.73
Accounts Payable Turnover	14.16	15.38	21.02
Days Sales Outstanding (DSO)	34.56	33.40	33.52
Days Inventory Outstanding (DIO)	180.19	172.58	183.80
Days Payable Outstanding (DPO)	25.78	23.73	17.36
Cash Conversion Cycle (CCC)	188.96	182.25	199.95
Capital & Investment Metrics	-	-	-
Invested Capital	681	675	429
Invested Capital Turnover	0.52	0.41	0.46
Increase / (Decrease) in Invested Capital	58	-6.00	-246
Enterprise Value (EV)	355	305	243
Market Capitalization	389	314	289
Book Value per Share	$53.01	$52.02	$36.04
Tangible Book Value per Share	$51.59	$50.56	$34.58
Total Capital	715	688	474
Total Debt	0.00	4.00	0.00
Total Long-Term Debt	0.00	4.00	0.00
Net Debt	-34	-9.67	-46
Capital Expenditures (CapEx)	82	66	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	98	98	103
Debt-free Net Working Capital (DFNWC)	123	105	146
Net Working Capital (NWC)	123	105	146
Net Nonoperating Expense (NNE)	-0.80	4.89	199
Net Nonoperating Obligations (NNO)	-34	-9.67	-46
Total Depreciation and Amortization (D&A)	35	40	38
Debt-free, Cash-free Net Working Capital to Revenue	29.13%	35.27%	40.62%
Debt-free Net Working Capital to Revenue	36.38%	37.79%	57.23%
Net Working Capital to Revenue	36.38%	37.79%	57.23%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$5.49	($2.80)	($16.53)
Adjusted Weighted Average Basic Shares Outstanding	13.15M	12.76M	12.88M
Adjusted Diluted Earnings per Share	$5.37	($2.80)	($16.53)
Adjusted Weighted Average Diluted Shares Outstanding	13.45M	12.76M	12.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.97M	13.14M	13.23M
Normalized Net Operating Profit after Tax (NOPAT)	77	0.09	-5.04
Normalized NOPAT Margin	22.81%	0.03%	-1.98%
Pre Tax Income Margin	28.59%	-15.79%	-7.27%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	947.97	0.00	-176.90
NOPAT to Interest Expense	707.13	0.00	-124.11
EBIT Less CapEx to Interest Expense	139.21	0.00	-479.29
NOPAT Less CapEx to Interest Expense	-101.63	0.00	-426.50
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	30.48%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Intrepid Potash's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.37%	-7.17%	-16.74%	-11.67%	-27.14%	-15.02%	-8.78%	-23.42%	5.66%	-1.52%
EBITDA Growth	102.80%	10.90%	-70.11%	-59.07%	-95.60%	-331.96%	-65.21%	-56.07%	528.58%	96.51%
EBIT Growth	318.90%	24.95%	-86.73%	-77.01%	-153.19%	-871.26%	-179.78%	-121.45%	77.18%	74.99%
NOPAT Growth	211.34%	-98.23%	-87.60%	-79.14%	-150.51%	-935.81%	-178.33%	-123.05%	75.75%	75.34%
Net Income Growth	225.83%	-98.22%	-85.66%	-81.84%	-154.90%	-1,036.41%	-169.46%	-119.35%	74.53%	-455.27%
EPS Growth	223.33%	-97.95%	-84.85%	-81.03%	-157.73%	-934.29%	-168.57%	-118.18%	75.00%	-451.03%
Operating Cash Flow Growth	-276.75%	0.33%	-75.23%	-37.91%	97.71%	-76.64%	391.56%	-9.03%	-1,244.27%	64.18%
Free Cash Flow Firm Growth	-602.04%	-212.17%	63.25%	67.55%	77.97%	50.00%	192.45%	215.41%	236.01%	974.93%
Invested Capital Growth	60.21%	9.38%	10.41%	10.80%	6.89%	-0.88%	-8.64%	-10.60%	-10.22%	-36.49%
Revenue Q/Q Growth	-18.52%	-10.80%	30.36%	-6.77%	-32.79%	4.04%	39.93%	-21.73%	-7.26%	-3.03%
EBITDA Q/Q Growth	-35.69%	-38.79%	-5.72%	10.28%	-93.09%	-3,329.73%	114.14%	39.24%	-1.16%	-117.92%
EBIT Q/Q Growth	-45.93%	-64.24%	-12.39%	35.72%	-225.11%	-418.48%	90.94%	63.52%	-33.10%	-468.28%
NOPAT Q/Q Growth	-46.42%	-68.72%	-3.16%	28.50%	-229.76%	-417.62%	90.92%	62.19%	-36.55%	-426.36%
Net Income Q/Q Growth	-44.71%	-69.62%	13.16%	-4.46%	-267.15%	-418.18%	91.61%	73.39%	-120.05%	-11,195.64%
EPS Q/Q Growth	-44.25%	-63.92%	0.00%	-5.71%	-269.70%	-421.43%	91.78%	75.00%	-133.33%	-11,392.86%
Operating Cash Flow Q/Q Growth	-128.74%	239.61%	-57.13%	260.98%	-101.06%	1,525.39%	802.09%	-33.19%	-115.65%	274.09%
Free Cash Flow Firm Q/Q Growth	-21.73%	76.97%	-14.09%	-1.47%	17.35%	47.74%	310.94%	26.67%	-2.60%	236.20%
Invested Capital Q/Q Growth	5.35%	2.74%	2.69%	-0.31%	1.63%	-4.73%	-5.35%	-2.45%	2.06%	-32.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.81%	38.47%	18.81%	18.98%	0.90%	8.16%	8.11%	12.29%	13.44%	13.07%
EBITDA Margin	34.39%	23.60%	17.07%	20.19%	2.07%	-64.41%	6.51%	11.58%	12.34%	-2.28%
Operating Margin	23.35%	9.19%	6.18%	8.97%	-16.83%	-83.73%	-5.43%	-2.62%	-3.86%	-20.97%
EBIT Margin	23.00%	9.22%	6.20%	9.02%	-16.79%	-83.70%	-5.42%	-2.53%	-3.63%	-21.25%
Profit (Net Income) Margin	17.54%	5.97%	5.18%	5.31%	-13.21%	-65.81%	-3.95%	-1.34%	-3.19%	-371.04%
Tax Burden Percent	72.78%	64.85%	71.60%	68.03%	78.96%	78.39%	80.15%	73.26%	99.62%	1,780.30%
Interest Burden Percent	104.74%	99.85%	116.82%	86.55%	99.63%	100.31%	90.86%	72.51%	88.16%	98.06%
Effective Tax Rate	27.22%	35.15%	28.40%	31.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.82%	3.09%	2.13%	2.85%	-4.97%	-24.13%	-1.54%	-0.70%	-1.03%	-6.78%
ROIC Less NNEP Spread (ROIC-NNEP)	9.94%	3.07%	0.51%	3.94%	-2.97%	-5.60%	-1.18%	-1.40%	-0.05%	709.35%
Return on Net Nonoperating Assets (RNNOA)	-0.78%	-0.17%	-0.03%	-0.32%	0.16%	0.18%	0.05%	0.09%	0.00%	-34.00%
Return on Equity (ROE)	10.04%	2.92%	2.10%	2.53%	-4.81%	-23.96%	-1.49%	-0.61%	-1.03%	-40.77%
Cash Return on Invested Capital (CROIC)	7.48%	2.00%	-3.26%	-6.40%	-5.85%	-3.66%	3.42%	4.55%	4.98%	42.12%
Operating Return on Assets (OROA)	11.68%	3.99%	2.48%	3.47%	-6.07%	-29.89%	-1.84%	-0.80%	-1.16%	-7.94%
Return on Assets (ROA)	8.91%	2.58%	2.08%	2.05%	-4.77%	-23.50%	-1.34%	-0.43%	-1.02%	-138.66%
Return on Common Equity (ROCE)	10.04%	2.92%	2.10%	2.53%	-4.81%	-23.96%	-1.49%	-0.61%	-1.03%	-40.77%
Return on Equity Simple (ROE_SIMPLE)	40.10%	0.00%	6.29%	3.57%	0.78%	0.00%	-6.35%	-7.10%	-6.33%	0.00%
Net Operating Profit after Tax (NOPAT)	13	3.97	3.85	4.94	-6.42	-33	-3.01	-1.14	-1.56	-8.19
NOPAT Margin	16.99%	5.96%	4.43%	6.10%	-11.78%	-58.61%	-3.80%	-1.84%	-2.70%	-14.68%
Net Nonoperating Expense Percent (NNEP)	0.89%	0.02%	1.62%	-1.09%	-2.00%	-18.54%	-0.36%	0.69%	-0.97%	-716.13%
Return On Investment Capital (ROIC_SIMPLE)	-	0.56%	-	-	-	-4.82%	-	-	-	-1.73%
Cost of Revenue to Revenue	64.19%	61.53%	81.19%	81.02%	99.10%	91.84%	91.89%	87.71%	86.56%	86.93%
SG&A Expenses to Revenue	11.44%	13.86%	11.78%	9.90%	16.64%	8.98%	12.14%	14.22%	16.84%	8.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.46%	29.28%	12.63%	10.01%	17.73%	91.89%	13.55%	14.91%	17.30%	34.04%
Earnings before Interest and Taxes (EBIT)	17	6.15	5.39	7.31	-9.15	-47	-4.30	-1.57	-2.09	-12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	16	15	16	1.13	-36	5.16	7.19	7.10	-1.27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.74	0.54	0.50	0.41	0.46	0.46	0.40	0.46	0.47	0.61
Price to Tangible Book Value (P/TBV)	0.76	0.56	0.51	0.42	0.47	0.47	0.41	0.47	0.48	0.63
Price to Revenue (P/Rev)	1.57	1.15	1.12	0.97	1.15	1.13	1.01	1.23	1.25	1.13
Price to Earnings (P/E)	1.84	5.39	7.90	11.53	59.17	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	54.23%	18.55%	12.65%	8.68%	1.69%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.71	0.52	0.48	0.39	0.45	0.45	0.36	0.40	0.43	0.57
Enterprise Value to Revenue (EV/Rev)	1.38	1.05	1.05	0.87	1.10	1.09	0.85	1.00	1.07	0.95
Enterprise Value to EBITDA (EV/EBITDA)	3.65	2.71	3.50	3.71	6.64	0.00	0.00	0.00	0.00	13.35
Enterprise Value to EBIT (EV/EBIT)	5.00	3.71	5.56	7.47	32.88	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	1.63	4.97	7.62	10.56	57.26	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.33	4.00	5.33	6.05	5.47	7.05	3.02	3.42	3.94	3.35
Enterprise Value to Free Cash Flow (EV/FCFF)	11.74	27.25	0.00	0.00	0.00	0.00	10.10	8.37	8.19	1.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Financial Leverage	-0.08	-0.05	-0.06	-0.08	-0.05	-0.03	-0.05	-0.06	-0.04	-0.05
Leverage Ratio	1.16	1.13	1.13	1.11	1.10	1.12	1.14	1.13	1.14	1.18
Compound Leverage Factor	1.21	1.13	1.32	0.96	1.10	1.12	1.04	0.82	1.01	1.15
Debt to Total Capital	0.00%	0.00%	0.69%	0.00%	0.28%	0.58%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.69%	0.00%	0.28%	0.58%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	99.31%	100.00%	99.72%	99.42%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.05	0.00	0.04	-0.96	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	-0.22	0.00	-0.25	2.32	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.05	0.00	0.04	-0.96	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.11	0.00	0.36	-0.13	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	-0.48	0.00	-2.19	0.31	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.11	0.00	0.36	-0.13	0.00	0.00	0.00	0.00
Altman Z-Score	4.91	3.72	3.41	3.30	3.37	2.64	1.97	2.23	2.11	1.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.03	3.51	3.78	4.02	3.84	3.27	4.77	5.48	4.41	4.84
Quick Ratio	1.92	1.06	1.25	1.21	0.86	0.66	2.03	2.32	1.73	1.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-236	-54	-62	-63	-52	-27	57	73	71	238
Operating Cash Flow to CapEx	-86.66%	62.04%	38.53%	142.99%	-1.96%	70.01%	586.86%	246.72%	-45.21%	127.26%
Free Cash Flow to Firm to Interest Expense	-8,439.73	-3,400.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-504.18	1,231.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1,086.00	-753.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.43	0.40	0.39	0.36	0.36	0.34	0.32	0.32	0.37
Accounts Receivable Turnover	8.96	10.56	6.88	10.35	8.66	10.93	6.53	10.35	8.33	10.89
Inventory Turnover	2.36	2.03	2.25	2.41	2.25	2.12	2.33	2.27	2.10	1.99
Fixed Asset Turnover	0.98	0.94	0.88	0.83	0.76	0.76	0.73	0.67	0.67	0.73
Accounts Payable Turnover	17.30	14.16	17.63	20.49	20.22	15.38	18.89	24.19	25.93	21.02
Days Sales Outstanding (DSO)	40.75	34.56	53.05	35.26	42.17	33.40	55.86	35.28	43.80	33.52
Days Inventory Outstanding (DIO)	154.59	180.19	162.44	151.21	162.02	172.58	156.53	161.06	173.58	183.80
Days Payable Outstanding (DPO)	21.09	25.78	20.70	17.82	18.05	23.73	19.32	15.09	14.08	17.36
Cash Conversion Cycle (CCC)	174.25	188.96	194.79	168.66	186.14	182.25	193.07	181.25	203.30	199.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	663	681	699	697	708	675	639	623	636	429
Invested Capital Turnover	0.64	0.52	0.48	0.47	0.42	0.41	0.41	0.38	0.38	0.46
Increase / (Decrease) in Invested Capital	249	58	66	68	46	-6.00	-60	-74	-72	-246
Enterprise Value (EV)	473	355	337	269	319	305	231	252	274	243
Market Capitalization	539	389	358	299	331	314	274	311	319	289
Book Value per Share	$53.52	$53.01	$55.52	$55.18	$54.73	$52.02	$51.90	$51.42	$51.24	$36.04
Tangible Book Value per Share	$52.11	$51.59	$54.05	$53.72	$53.28	$50.56	$50.44	$49.97	$49.80	$34.58
Total Capital	728	715	725	726	722	688	682	682	681	474
Total Debt	0.00	0.00	5.00	0.00	2.00	4.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	5.00	0.00	2.00	4.00	0.00	0.00	0.00	0.00
Net Debt	-66	-34	-21	-29	-12	-9.67	-43	-59	-45	-46
Capital Expenditures (CapEx)	16	32	22	21	17	6.58	7.08	11	9.60	5.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	95	98	107	95	102	98	112	96	107	103
Debt-free Net Working Capital (DFNWC)	149	123	123	116	108	105	149	150	147	146
Net Working Capital (NWC)	149	123	123	116	108	105	149	150	147	146
Net Nonoperating Expense (NNE)	-0.41	-0.01	-0.66	0.64	0.78	4.08	0.12	-0.31	0.28	199
Net Nonoperating Obligations (NNO)	-66	-34	-21	-29	-12	-9.67	-43	-59	-45	-46
Total Depreciation and Amortization (D&A)	8.51	9.59	9.45	9.05	10	11	9.46	8.75	9.19	11
Debt-free, Cash-free Net Working Capital to Revenue	27.63%	29.13%	33.56%	30.70%	35.34%	35.27%	41.13%	37.87%	41.89%	40.62%
Debt-free Net Working Capital to Revenue	43.44%	36.38%	38.37%	37.37%	37.50%	37.79%	54.78%	59.31%	57.55%	57.23%
Net Working Capital to Revenue	43.44%	36.38%	38.37%	37.37%	37.50%	37.79%	54.78%	59.31%	57.55%	57.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.99	$0.32	$0.35	$0.34	($0.56)	($2.93)	($0.24)	($0.06)	($0.14)	($16.09)
Adjusted Weighted Average Basic Shares Outstanding	13.26M	13.15M	12.69M	12.77M	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M
Adjusted Diluted Earnings per Share	$0.97	$0.35	$0.35	$0.33	($0.56)	($2.92)	($0.24)	($0.06)	($0.14)	($16.09)
Adjusted Weighted Average Diluted Shares Outstanding	13.49M	13.45M	12.88M	12.86M	12.79M	12.76M	12.82M	12.89M	12.91M	12.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.49M	12.97M	13.16M	13.16M	13.16M	13.14M	13.27M	13.28M	13.16M	13.23M
Normalized Net Operating Profit after Tax (NOPAT)	13	8.06	3.99	4.94	-6.01	-2.89	-1.87	-0.39	-0.85	-1.92
Normalized NOPAT Margin	17.00%	12.08%	4.59%	6.10%	-11.04%	-5.09%	-2.36%	-0.63%	-1.48%	-3.45%
Pre Tax Income Margin	24.09%	9.21%	7.24%	7.81%	-16.73%	-83.95%	-4.93%	-1.83%	-3.20%	-20.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	614.14	384.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	453.67	248.35	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	32.32	-1,601.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-128.16	-1,737.09	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.99%	30.48%	48.59%	84.99%	341.81%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends in Intrepid Potash (IPI) from the last four years of quarterly data (2021–2024), based on the provided income statements, cash flow statements, and balance sheets. The focus is on points that may impact retail investors, with positives listed first, followed by neutral observations, and then negatives.

Strong operating cash flow in 2024: Four quarters together show net cash from continuing operating activities of about $72.5 million, indicating solid cash generation despite reported net losses.
Solid near-term cash generation in early 2024: Q1 2024 and Q2 2024 each produced meaningful operating cash flow (roughly $41.5M and $27.7M respectively), contributing to overall 2024 liquidity.
Debt-free balance sheet in 2024: Long-term debt is reported as $0 across the 2024 quarters, reducing interest burden and near-term refinancing risk.
Substantial equity cushion: Total equity stood around $680–681 million in 2024, providing a buffer to absorb ongoing losses without harming solvency.
Lower capital spending in 2024: Quarterly cash outflows for property, plant & equipment trended downward (roughly $6M–$22M per quarter), suggesting reduced capital outlays and potential for better cash retention going forward.

Revenue volatility and downtrend over time: Revenue fluctuated over the period, with a notable spike in Q1 2024 but a general downtrend from 2022 through 2024, indicating sensitivity to commodity prices and volumes.
Impairment charges are non-cash, with uneven sizing: A large impairment hit in 2023 (non-cash) and smaller impairments in 2024 have affected reported profits but did not drive cash flow in the period.
Unusual tax expense in Q4 2024: Q4 2024 shows a very large income tax expense relative to pre-tax income, which may reflect timing or one-time deferred tax items rather than ongoing cash taxes.

Persistent net losses in 2024: Across multiple 2024 quarters, net income remained negative (e.g., Q4 2024 net income attributable to common shareholders about -$207 million), signaling ongoing profitability challenges.
Profitability compression not yet offset by cash flow: Despite positive cash flow in several quarters, gross margin and net income remained pressured in 2024, with gross profit around mid-single digits and significant downward movement from earlier years, raising concerns about earnings quality and resilience.

05/21/26 02:28 PM ETAI Generated. May Contain Errors.

Intrepid Potash Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Intrepid Potash's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Intrepid Potash's net income appears to be on an upward trend, with a most recent value of -$212.85 million in 2024, falling from $72.22 million in 2022. The previous period was -$35.67 million in 2023. Check out Intrepid Potash's forecast to explore projected trends and price targets.

Intrepid Potash's total operating income in 2024 was -$19.86 million, based on the following breakdown:

Total Gross Profit: $29.08 million
Total Operating Expenses: $48.94 million

Over the last 2 years, Intrepid Potash's total revenue changed from $337.57 million in 2022 to $254.69 million in 2024, a change of -24.6%.

Intrepid Potash's total liabilities were at $120.13 million at the end of 2024, a 42.8% increase from 2023, and a 51.8% increase since 2022.

In the past 2 years, Intrepid Potash's cash and equivalents has ranged from $4.07 million in 2023 to $41.31 million in 2024, and is currently $41.31 million as of their latest financial filing in 2024.

Over the last 2 years, Intrepid Potash's book value per share changed from 53.01 in 2022 to 36.04 in 2024, a change of -32.0%.

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Financial statements for NYSE:IPI last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Intrepid Potash (IPI) Financials

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Intrepid Potash (IPI) Financials

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