Intrepid Potash, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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.
Sep 30, 2025 · Filed Nov 6, 2025
IPI$33.40+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| INTREPID POTASH, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | ||
| (In thousands) | ||
| Nine Months Ended September 30, | ||
| 2025 | 2024 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $11,614 | $(5,796) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 29,482 | 26,931 |
| Accretion of asset retirement obligation | 1,972 | 1,867 |
| Amortization of deferred financing costs | 226 | 226 |
| Amortization of intangible assets | 246 | 246 |
| Stock-based compensation | 3,774 | 2,735 |
| Lower of cost or net realizable value inventory adjustments | 2,160 | 2,326 |
| Impairment of long-lived assets | 1,866 | 3,082 |
| (Gain) loss on disposal of assets | (3,695) | 626 |
| Allowance for doubtful accounts | 62 | — |
| Allowance for parts inventory obsolescence | 2,335 | 643 |
| Loss on equity investment | 888 | 101 |
| Equity in loss (earnings) of unconsolidated entities | 318 | 256 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable, net | (2,622) | (10,146) |
| Other receivables, net | (2,432) | (1,245) |
| Inventory, net | 965 | (448) |
| Prepaid expenses and other current assets | (1,569) | (226) |
| Deferred tax assets, net | — | (1,179) |
| Accounts payable, accrued liabilities, and accrued employee compensation and benefits | 4,339 | 4,009 |
| Operating lease liabilities | (847) | (1,074) |
| Deferred other income | (1,692) | 43,308 |
| Other liabilities | (517) | (1,306) |
| Net cash provided by operating activities | 46,873 | 64,936 |
| Cash Flows from Investing Activities: | ||
| Additions to property, plant, equipment, mineral properties and other assets | (20,157) | (32,583) |
| Proceeds from sale of assets | 5,843 | 4,656 |
| Proceeds from redemptions/maturities of investments | 1,000 | 2,000 |
| Other investing, net | 2,129 | 416 |
| Net cash used in investing activities | (11,185) | (25,511) |
| Cash Flows from Financing Activities: | ||
| Repayments of short-term borrowings on credit facility | — | (4,000) |
| Payments of financing lease | (735) | (680) |
| Employee tax withholding paid for restricted stock upon vesting | (890) | (775) |
| Proceeds from exercise of stock options | 1,842 | — |
| Net cash provided by (used in) financing activities | 217 | (5,455) |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 35,905 | 33,970 |
| Cash, Cash Equivalents and Restricted Cash, beginning of period | 41,898 | 4,651 |
| INTREPID POTASH, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) | ||
| (In thousands) | ||
| Nine Months Ended September 30, | ||
| 2025 | 2024 | |
| Cash, Cash Equivalents and Restricted Cash, end of period | $77,803 | $38,621 |
| Supplemental disclosure of cash flow information | ||
| Net cash paid during the period for: | ||
| Interest | $324 | $382 |
| Income taxes | $246 | $9 |
| Amounts included in the measurement of operating lease liabilities | $1,266 | $1,143 |
| Accrued purchases for property, plant, equipment, and mineral properties | $1,753 | $1,868 |
| Right-of-use assets exchanged for operating lease liabilities | $2,185 | $751 |
| Right-of-use assets exchanged for financing lease liabilities | $1,380 | $1,562 |
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