Nordic American Tanker Ltd
NYSE:NAT
Cash Flow Statement
Cash Flow Statement
Nordic American Tanker Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
(105)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
115
|
0
|
157
|
0
|
(5)
|
0
|
0
|
(54)
|
(205)
|
0
|
0
|
(236)
|
(95)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
50
|
0
|
(54)
|
0
|
(171)
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
74
|
0
|
0
|
0
|
81
|
0
|
0
|
0
|
83
|
0
|
126
|
0
|
91
|
0
|
0
|
76
|
101
|
0
|
0
|
69
|
61
|
0
|
0
|
0
|
64
|
0
|
0
|
0
|
68
|
0
|
35
|
0
|
68
|
0
|
0
|
0
|
50
|
0
|
0
|
0
|
51
|
|
Stock-Based Compensation |
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
|
Other Non-Cash Items |
(9)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
(2)
|
0
|
35
|
0
|
0
|
(5)
|
122
|
0
|
0
|
147
|
26
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(17)
|
0
|
2
|
0
|
57
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(6)
|
|
Cash Taxes Paid |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Cash Interest Paid |
7
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
9
|
0
|
13
|
0
|
10
|
0
|
0
|
12
|
20
|
0
|
0
|
30
|
32
|
0
|
0
|
0
|
36
|
0
|
0
|
0
|
27
|
0
|
39
|
0
|
23
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
29
|
|
Change in Working Capital |
(7)
|
32
|
29
|
15
|
(6)
|
74
|
134
|
166
|
(16)
|
(2)
|
(96)
|
(31)
|
7
|
101
|
153
|
23
|
14
|
(25)
|
(38)
|
(11)
|
(8)
|
20
|
39
|
32
|
(6)
|
47
|
107
|
123
|
6
|
70
|
3
|
(49)
|
2
|
8
|
(9)
|
23
|
(32)
|
28
|
82
|
111
|
(5)
|
|
Cash from Operating Activities |
(47)
N/A
|
(8)
+82%
|
(11)
-34%
|
13
N/A
|
58
+346%
|
74
+29%
|
134
+80%
|
166
+24%
|
174
+5%
|
188
+8%
|
185
-2%
|
160
-14%
|
128
-20%
|
101
-21%
|
62
-38%
|
41
-35%
|
32
-22%
|
(7)
N/A
|
(20)
-174%
|
(31)
-54%
|
(16)
+48%
|
11
N/A
|
30
+171%
|
45
+48%
|
40
-10%
|
47
+17%
|
107
+128%
|
123
+15%
|
107
-13%
|
70
-34%
|
(14)
N/A
|
(49)
-245%
|
(45)
+8%
|
(39)
+13%
|
(38)
+2%
|
(23)
+38%
|
24
N/A
|
84
+248%
|
137
+64%
|
167
+21%
|
139
-16%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(22)
|
(22)
|
(23)
|
(74)
|
(74)
|
(74)
|
(105)
|
(107)
|
(124)
|
(125)
|
(166)
|
(159)
|
(138)
|
(171)
|
(94)
|
(34)
|
(38)
|
(6)
|
(4)
|
(4)
|
(5)
|
(4)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(7)
|
(7)
|
(7)
|
(7)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(5)
|
(5)
|
(5)
|
(5)
|
(74)
|
|
Other Items |
(51)
|
(44)
|
(55)
|
(69)
|
(8)
|
(47)
|
1
|
(1)
|
(74)
|
(34)
|
(78)
|
(76)
|
(48)
|
(59)
|
(56)
|
(59)
|
(9)
|
1
|
26
|
72
|
90
|
90
|
64
|
18
|
0
|
1
|
1
|
1
|
(10)
|
(11)
|
(12)
|
(24)
|
1
|
14
|
(44)
|
(17)
|
(9)
|
(21)
|
36
|
0
|
0
|
|
Cash from Investing Activities |
(73)
N/A
|
(66)
+10%
|
(78)
-18%
|
(143)
-83%
|
(82)
+43%
|
(121)
-48%
|
(105)
+13%
|
(108)
-3%
|
(197)
-83%
|
(158)
+20%
|
(245)
-55%
|
(235)
+4%
|
(187)
+20%
|
(230)
-23%
|
(150)
+35%
|
(93)
+38%
|
(47)
+50%
|
(4)
+91%
|
22
N/A
|
68
+207%
|
85
+25%
|
86
+1%
|
62
-28%
|
16
-74%
|
(2)
N/A
|
(2)
-4%
|
(3)
-21%
|
(6)
-107%
|
(18)
-192%
|
(18)
-4%
|
(19)
-2%
|
(28)
-52%
|
(4)
+88%
|
10
N/A
|
(47)
N/A
|
(18)
+61%
|
(14)
+21%
|
(27)
-85%
|
31
N/A
|
15
-50%
|
(74)
N/A
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
173
|
173
|
184
|
184
|
113
|
113
|
(0)
|
0
|
0
|
0
|
0
|
120
|
120
|
120
|
120
|
0
|
104
|
104
|
104
|
104
|
0
|
0
|
0
|
1
|
18
|
18
|
33
|
34
|
21
|
27
|
29
|
58
|
80
|
96
|
92
|
75
|
49
|
27
|
14
|
0
|
0
|
|
Net Issuance of Debt |
40
|
40
|
0
|
0
|
0
|
0
|
0
|
0
|
75
|
75
|
130
|
192
|
117
|
117
|
62
|
10
|
(55)
|
(60)
|
(71)
|
(112)
|
(68)
|
(82)
|
(76)
|
(51)
|
(35)
|
(26)
|
(43)
|
(74)
|
(46)
|
(43)
|
(28)
|
4
|
(39)
|
(51)
|
6
|
(10)
|
(17)
|
(20)
|
(78)
|
(79)
|
(5)
|
|
Cash Paid for Dividends |
(42)
|
(42)
|
(52)
|
(56)
|
(54)
|
(65)
|
(78)
|
(100)
|
(123)
|
(142)
|
(146)
|
(133)
|
(126)
|
(108)
|
(90)
|
(78)
|
(54)
|
(38)
|
(19)
|
(12)
|
(10)
|
(11)
|
(14)
|
(13)
|
(14)
|
(19)
|
(36)
|
(64)
|
(67)
|
(60)
|
(42)
|
(12)
|
(10)
|
(9)
|
(5)
|
(10)
|
(23)
|
(52)
|
(52)
|
(79)
|
(90)
|
|
Other |
(40)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(13)
|
(13)
|
0
|
0
|
0
|
(7)
|
(7)
|
(7)
|
(7)
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
|
Cash from Financing Activities |
131
N/A
|
131
0%
|
172
+32%
|
129
-25%
|
59
-54%
|
49
-18%
|
(78)
N/A
|
(100)
-28%
|
(48)
+52%
|
(67)
-40%
|
(16)
+76%
|
179
N/A
|
111
-38%
|
129
+16%
|
92
-29%
|
(68)
N/A
|
(19)
+72%
|
(7)
+63%
|
0
N/A
|
(33)
N/A
|
(78)
-137%
|
(100)
-28%
|
(97)
+3%
|
(69)
+28%
|
(38)
+45%
|
(27)
+28%
|
(45)
-66%
|
(104)
-129%
|
(93)
+11%
|
(78)
+16%
|
(42)
+46%
|
48
N/A
|
31
-36%
|
36
+19%
|
92
+155%
|
55
-41%
|
9
-84%
|
(46)
N/A
|
(116)
-154%
|
(159)
-37%
|
(96)
+40%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
|
Net Change in Cash |
10
N/A
|
56
+458%
|
83
+47%
|
(1)
N/A
|
35
N/A
|
2
-93%
|
(49)
N/A
|
(42)
+14%
|
(71)
-69%
|
(37)
+48%
|
(76)
-105%
|
104
N/A
|
52
-50%
|
1
-99%
|
5
+820%
|
(120)
N/A
|
(34)
+72%
|
(19)
+44%
|
2
N/A
|
4
+79%
|
(9)
N/A
|
(2)
+73%
|
(4)
-83%
|
(8)
-84%
|
(1)
+94%
|
17
N/A
|
58
+235%
|
12
-79%
|
(4)
N/A
|
(26)
-574%
|
(75)
-184%
|
(29)
+61%
|
(18)
+39%
|
7
N/A
|
8
+10%
|
13
+64%
|
19
+43%
|
12
-39%
|
52
+350%
|
23
-56%
|
(30)
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(69)
N/A
|
(31)
+56%
|
(34)
-11%
|
(61)
-79%
|
(17)
+73%
|
1
N/A
|
29
+4 717%
|
58
+101%
|
51
-13%
|
63
+24%
|
19
-71%
|
1
-95%
|
(11)
N/A
|
(70)
-558%
|
(32)
+55%
|
6
N/A
|
(6)
N/A
|
(13)
-119%
|
(24)
-84%
|
(35)
-47%
|
(21)
+40%
|
7
N/A
|
28
+279%
|
43
+55%
|
38
-12%
|
44
+17%
|
103
+135%
|
116
+12%
|
100
-14%
|
63
-37%
|
(21)
N/A
|
(53)
-154%
|
(49)
+8%
|
(42)
+13%
|
(41)
+4%
|
(25)
+39%
|
19
N/A
|
79
+314%
|
132
+68%
|
161
+22%
|
66
-59%
|