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Intrepid Potash IPI Impairment Charges

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$0-100%
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Other financials

Income statement

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Revenue$66.7M-1.3%
Gross profit$16.6M+34.7%
Operating income$1.1M-24.7%
Net income$15.6M+377%
EPS (diluted)$1.17+368%

Balance sheet

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Cash & equivalents$185.6M+117%
Total debt$3.2M-5.1%
Total equity$515.2M+6.5%
Total assets$649.9M+7.0%

Cash flow

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Operating cash flow$34.4M-14.0%
CapEx$8.5M+147%
Free cash flow$25.9M-29.1%

Valuation

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Market cap$507.99M+32.8%
Enterprise value$325.64M+8.5%
P/E19×
P/S1.6×+0.5×

Profitability

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Gross margin14.1%+6.9pp
Operating margin-3%-1.4pp
Net margin-69.5%-107pp
FCF margin10.3%

Returns & leverage

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Return on equity5.4%+2.9pp
Debt / equity0.0×
Current ratio6.3×+1.1×

Where this comes from

Reported directly by Intrepid Potash in its filing.

Tagged under the XBRL concept us-gaap:ProductionRelatedImpairmentsOrCharges.

The source filing: Intrepid Potash’s 10-Q, filed November 3, 2022.

Filed
Nov 3, 2022, 1:49 PM EDT
Fiscal quarter
Q3 FY2022
Calendar quarter
Q3 2022
Accession
0001421461-22-000034
Line itemThree Months Ended September 30, 2022Three Months Ended September 30, 2021Nine Months Ended September 30, 2022Nine Months Ended September 30, 2021
Freight costs7,7937,91127,25730,104
Warehousing and handling costs2,5412,0667,2217,076
Cost of goods sold37,64834,974120,656123,815
Costs associated with abnormal production3,5943,594
Gross Margin26,77010,608115,75733,915
Selling and administrative8,5515,89022,55818,293
Accretion of asset retirement obligation4914411,4711,323
Loss (gain) on sale of assets1051,176(2,560)

ITEM 1. Condensed Consolidated Financial Statements (Unaudited) [1](#i7f5b1df4e6d24b0bbfc4529d74fa51a1_13)

FAQ

What is Intrepid Potash's impairment charges?
Intrepid Potash (IPI) reported impairment charges of $0 in Q3 2022.
What does impairment charges mean?
Impairment charges

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