Intrepid Potash, Inc.

For the period ended Jun 30, 2026. Filed Aug 5, 2026.

About this filing

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.

Jun 30, 2026 · Filed Aug 5, 2026

IPI$33.40+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

INTREPID POTASH, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
	Six Months Ended June 30,
	2026	2025
Cash Flows from Operating Activities:
Net income	$22,995	$7,869
Income from discontinued operations, net of tax	(13,719)	(3,065)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	19,251	18,802
Accretion of asset retirement obligation	1,553	1,299
Amortization of deferred financing costs	164	151
Stock-based compensation	2,021	2,394
Lower of cost or net realizable value inventory adjustments	1,092	1,754
Impairment of long-lived assets	—	1,866
Gain on disposal of assets	(34)	(1,422)
Allowance for parts inventory obsolescence	598	2,041
Loss on equity investment	—	888
Equity in loss of unconsolidated entities	11	232
Changes in operating assets and liabilities:
Trade accounts receivable, net	13,179	(53)
Other receivables, net	72	(1,079)
Inventory, net	6,903	11,418
Prepaid expenses and other current assets	59	809
Accounts payable, accrued liabilities, and accrued employee compensation and benefits	(2,042)	(1,564)
Operating lease liabilities	(499)	(490)
Deferred other income	(1,128)	(1,128)
Other liabilities	4,863	2,167
Net cash provided by operating activities of continuing operations	55,339	42,889
Net cash provided by operating activities of discontinued operations	2,193	7,971
Net cash provided by operating activities	57,532	50,860
Cash Flows from Investing Activities:
Additions to property, plant, equipment, mineral properties and other assets	(13,593)	(11,087)
Proceeds from sale of assets	9	1,357
Proceeds from redemptions/maturities of investments	—	1,000
Other investing, net	—	2,129
Net cash used in investing activities of continuing operations	(13,584)	(6,601)
Net cash provided by investing activities of discontinued operations	60,323	803
Net cash provided by (used in) investing activities	46,739	(5,798)

INTREPID POTASH, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
	Six Months Ended June 30,
	2026	2025
Cash Flows from Financing Activities:
Payments of financing lease	(869)	(500)
Capitalized debt fees	(683)	—
Employee tax withholding paid for restricted stock upon vesting	(1,271)	(856)
Proceeds from exercise of stock options	14	38
Net cash used in financing activities	(2,809)	(1,318)
Net Change in Cash, Cash Equivalents and Restricted Cash	101,462	43,744
Cash, Cash Equivalents and Restricted Cash, beginning of period	84,135	41,898
Cash, Cash Equivalents and Restricted Cash, end of period	$185,597	$85,642
Supplemental disclosure of cash flow information
Net cash paid during the period for:
Interest	$241	$225
Income taxes	$119	$214
Amounts included in the measurement of operating lease liabilities	$589	$848
Accrued purchases for property, plant, equipment, and mineral properties	$3,652	$2,858
Right-of-use assets exchanged for operating lease liabilities	$—	$2,185
Right-of-use assets exchanged for financing lease liabilities	$1,063	$524

ContentsView on SEC.gov

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