Intrepid Potash Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
IPI$33.40+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Cash and cash equivalents | $34,067 | $4,071 |
| Short-term investments | 2,971 | 2,970 |
| Accounts receivable: | ||
| Trade, net | 41,826 | 22,077 |
| Other receivables, net | 1,201 | 1,470 |
| Inventory, net | 102,549 | 114,252 |
| Prepaid expenses and other current assets | 5,530 | 7,200 |
| Total current assets | 188,144 | 152,040 |
| Property, plant, equipment, and mineral properties, net | 354,809 | 358,249 |
| Water rights | 19,184 | 19,184 |
| Long-term parts inventory, net | 30,543 | 30,231 |
| Long-term investments | 6,297 | 6,627 |
| Other assets, net | 8,609 | 8,016 |
| Non-current deferred tax asset, net | 195,012 | 194,223 |
| Total Assets | $802,598 | $768,570 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Accounts payable | $11,029 | $12,848 |
| Accrued liabilities | 13,374 | 14,061 |
| Accrued employee compensation and benefits | 6,299 | 7,254 |
| Other current liabilities | 8,748 | 12,401 |
| Total current liabilities | 39,450 | 46,564 |
| Advances on credit facility | — | 4,000 |
| Asset retirement obligation, net of current portion | 30,699 | 30,077 |
| Operating lease liabilities | 518 | 741 |
| Finance lease liabilities | 1,608 | 1,451 |
| Deferred other income, long-term | 47,170 | — |
| Other non-current liabilities | 1,166 | 1,309 |
| Total Liabilities | 120,611 | 84,142 |
| Commitments and Contingencies | ||
| Common stock, 0.001 par value; 40,000,000 shares authorized; | ||
| 12,875,520 and 12,807,316 shares outstanding | ||
| at March 31, 2024, and December 31, 2023, respectively | 13 | 13 |
| Additional paid-in capital | 666,326 | 665,637 |
| Retained earnings | 37,660 | 40,790 |
| Less treasury stock, at cost | (22,012) | (22,012) |
| Total Stockholders' Equity | 681,987 | 684,428 |
| Total Liabilities and Stockholders' Equity | $802,598 | $768,570 |
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