Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 165

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 165
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74,435   16,719   (166,915)
             
 Cash and cash equivalents:             
 Net change   (1,312)  1,035   2,377 
 Beginning balance   13,224   12,189   9,812 
 Ending balance  $11,912  $13,224  $12,189 

The accompanying notes are an integral part of these consolidated statements..

     50

Olympic Steel, Inc.

Supplemental Disclosures of Cash Flow Information

For The Years Ended December 31,

(in thousands)

      2024    2023    2022  
             
 Interest paid  $15,273  $14,965  $9,635 
 Income taxes paid  $10,045  $13,603  $33,404 

The Company incurred new leasing obligations of $0.8 million, $15.0 million and $5.5 million during the years ended December 31, 2024, 2023 and 2022, respectively. These non-cash transactions have been excluded from the Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022.

The accompanying notes are an integral part of these consolidated statements

     51

Olympic Steel, Inc.

Consolidated Statements of Shareholders’ Equity

For The Years Ended December 31, 

(in thousands)

      Common Stock    Accumulated Other Comprehensive Income    Retained Earnings    Total Equity  
                 
 Balance at December 31, 2021  $133,427  $(1,996) $293,008  $424,439 
                 
 Net income  $-  $-  $90,931  $90,931 
 Payment of dividends   -   -   (4,006)  (4,006)
 Stock-based compensation   1,297   -   -   1,297 
 Change in fair value of hedges   -   3,307   -   3,307 
 Balance at December 31, 2022  $134,724  $1,311  $379,933