Blue Dolphin Energy Co (BDCO) financial statements (2022 and earlier)

Company profile

Business Address 801 TRAVIS SUITE 2100
HOUSTON, TX 77002-5729
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 54972144951,1531,854
Cash and cash equivalents 54972144951,1531,854
Restricted cash and investments 484949493,3483,175
Receivables 2141,8103792,0103,1845,457
Inventory, net of allowances, customer advances and progress billings 1,0621,6451,5103,0892,0767,808
Inventory 1,0621,6451,5103,0892,0767,808
Prepaid expense 3,5642,2761,7861,2071,046940
Deferred tax assets   3,487
Other undisclosed current assets 124223302129139395
Total current assets: 5,5616,0754,0406,97910,94523,117
Noncurrent Assets
Operating lease, right-of-use asset 498649
Property, plant and equipment 62,49763,89364,69764,59762,32448,842
Intangible assets, net (including goodwill)   108 303 
Intangible assets, net (excluding goodwill)   108 303 
Regulated entity, other noncurrent assets    (2,135)(2,263) 
Restricted cash and investments 5145471,6021,6021,58215,616
Deferred costs      2,391
Other noncurrent assets      120
Other undisclosed noncurrent assets 2302802302,3652,4681,325
Total noncurrent assets: 63,73965,36966,63766,42964,41568,296
TOTAL ASSETS: 69,30071,44470,67773,40875,36091,412
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 14,5649,0247,3405,63916,15817,955
Accounts payable 3,2741,8772,7192,34414,55214,883
Accrued liabilities 4,8823,3331,6821,1591,2822,991
Interest and dividends payable 6,4083,8142,9392,13532481
Debt 41,73411,715  (500) 
Asset retirement obligation 2,3702,5652,5802,3151839
Due to related parties 2,8142,1741,534892370300
Customer advances and deposits109450 
Other undisclosed current liabilities 16,35939,98664,45067,53832,2621,935
Total current liabilities: 77,84165,46475,90476,49248,75720,229
Noncurrent Liabilities
Long-term debt and lease obligation, including: 72556436,869546539539
Long-term debt, excluding current maturities 355 36,86939,2871,30035,238
Operating lease, liability 370564
Other undisclosed long-term debt and lease obligation    (38,741)(761)(34,699)
Liabilities, other than long-term debt 1,520   2,0101,947
Deferred revenue 1,520 
Asset retirement obligations     2,0101,947
Other undisclosed noncurrent liabilities  1,930(36,869)1,1047,35136,307
Total noncurrent liabilities: 2,2452,494 1,6509,90038,793
Total liabilities: 80,08667,95875,90478,14258,65759,021
Stockholders' equity
Stockholders' equity attributable to parent (10,786)3,486(5,227)(4,734)16,70332,391
Common stock 127123110109106106
Treasury stock, value     (800)(800)
Additional paid in capital 38,45738,27536,93636,90736,81936,739
Accumulated deficit (49,370)(34,912)(42,273)(41,750)(19,422)(3,654)
Total stockholders' equity: (10,786)3,486(5,227)(4,734)16,70332,391
TOTAL LIABILITIES AND EQUITY: 69,30071,44470,67773,40875,36091,412

Income statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 174,810309,262340,761258,450167,855221,733
Revenue, net255,547165,489220,585
Cost of revenue
(Cost of Goods and Services Sold)
 (176,862)(297,827)(331,936)(241,333)(162,100)(193,105)
Gross profit: (2,052)11,4358,82517,1175,75528,628
Operating expenses (5,154)(2,659)(3,272)   
Other undisclosed operating loss (646)(3,323)(2,993)(38,988)(17,986)(21,028)
Operating income (loss): (7,852)5,4532,560(21,871)(12,231)7,599
Nonoperating income (expense) (6,591)1,908(3,343)(457)70(762)
Interest and debt expense (6,763)9,128(3,363)(2,770)(1,855)(1,742)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 6,763(9,128)3,3632,7701,8551,742
Income (loss) from continuing operations before income taxes: (14,443)7,361(783)(22,328)(12,160)6,838
Income tax expense (benefit) (15) (260) 3,6072,434
Other undisclosed income (loss) from continuing operations   520  (4,869)
Net income (loss): (14,458)7,361(523)(22,328)(8,553)4,403
Other undisclosed net loss attributable to parent     (7,214) 
Net income (loss) available to common stockholders, diluted: (14,458)7,361(523)(22,328)(15,767)4,403

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (14,458)7,361(523)(22,328)(8,553)4,403
Comprehensive income (loss), net of tax, attributable to parent: (14,458)7,361(523)(22,328)(8,553)4,403

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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