Blue Dolphin Energy Co (BDCO) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
801 TRAVIS SUITE 2100 HOUSTON, TX 77002-5729 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,500 | 9 | 549 | 72 | 14 | 495 | |||
| Cash and cash equivalents | 1,500 | 9 | 549 | 72 | 14 | 495 | |||
| Restricted cash and investments | 48 | 49 | 49 | 49 | |||||
| Receivables | 1,148 | 126 | 214 | 1,810 | 379 | 2,010 | |||
| Inventory, net of allowances, customer advances and progress billings | 19,844 | 3,098 | 1,062 | 1,645 | 1,510 | 3,089 | |||
| Inventory | 19,844 | 3,098 | 1,062 | 1,645 | 1,510 | 3,089 | |||
| Prepaid expense | 3,564 | 2,276 | 1,786 | 1,207 | |||||
| Deposits current assets | 110 | 110 | |||||||
| Other undisclosed current assets | 2,486 | 2,481 | 124 | 223 | 302 | 129 | |||
| Total current assets: | 25,088 | 5,824 | 5,561 | 6,075 | 4,040 | 6,979 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 149 | 332 | 498 | 649 | ✕ | ✕ | |||
| Property, plant and equipment | 57,436 | 59,923 | 62,497 | 63,893 | 64,697 | 64,597 | |||
| Intangible assets, net (including goodwill) | 108 | ||||||||
| Intangible assets, net (excluding goodwill) | 108 | ||||||||
| Regulated entity, other noncurrent assets | (2,135) | ||||||||
| Restricted cash and investments | 1,001 | 514 | 547 | 1,602 | 1,602 | ||||
| Other undisclosed noncurrent assets | 230 | 230 | 230 | 280 | 230 | 2,365 | |||
| Total noncurrent assets: | 58,816 | 60,485 | 63,739 | 65,369 | 66,637 | 66,429 | |||
| TOTAL ASSETS: | 83,904 | 66,309 | 69,300 | 71,444 | 70,677 | 73,408 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 8,275 | 17,598 | 14,564 | 9,024 | 7,340 | 5,639 | |||
| Interest and dividends payable | ✕ | ✕ | 8,689 | 6,408 | 3,814 | 2,939 | 2,135 | ||
| Taxes payable | ✕ | ✕ | 136 | ||||||
| Accounts payable | 2,161 | 2,548 | 3,274 | 1,877 | 2,719 | 2,344 | |||
| Accrued liabilities | 6,114 | 6,225 | 4,882 | 3,333 | 1,682 | 1,159 | |||
| Debt | 42,155 | 156 | 41,734 | 11,715 | |||||
| Asset retirement obligation | 3,710 | 2,370 | 2,565 | 2,580 | 2,315 | ||||
| Due to related parties | 155 | 155 | 2,814 | 2,174 | 1,534 | 892 | |||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 109 | ||
| Other undisclosed current liabilities | 16,039 | 66,372 | 16,359 | 39,986 | 64,450 | 67,538 | |||
| Total current liabilities: | 70,334 | 84,281 | 77,841 | 65,464 | 75,904 | 76,492 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,322 | 994 | 725 | 564 | 36,869 | 546 | |||
| Long-term debt, excluding current maturities | 2,322 | 838 | 355 | 36,869 | 39,287 | ||||
| Other undisclosed long-term debt and lease obligation | (38,741) | ||||||||
| Liabilities, other than long-term debt | 1,203 | 1,520 | |||||||
| Deferred revenue | 1,200 | 1,520 | ✕ | ✕ | |||||
| Asset retirement obligations | 3 | ||||||||
| Operating lease, liability | 156 | 370 | 564 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 660 | 3,458 | 1,930 | (36,869) | 1,104 | ||||
| Total noncurrent liabilities: | 2,982 | 5,655 | 2,245 | 2,494 | 1,650 | ||||
| Total liabilities: | 73,316 | 89,936 | 80,086 | 67,958 | 75,904 | 78,142 | |||
| Equity | |||||||||
| Equity, attributable to parent | 10,588 | (23,627) | (10,786) | 3,486 | (5,227) | (4,734) | |||
| Common stock | 149 | 127 | 127 | 123 | 110 | 109 | |||
| Additional paid in capital | 39,758 | 38,457 | 38,457 | 38,275 | 36,936 | 36,907 | |||
| Accumulated deficit | (29,319) | (62,211) | (49,370) | (34,912) | (42,273) | (41,750) | |||
| Total equity: | 10,588 | (23,627) | (10,786) | 3,486 | (5,227) | (4,734) | |||
| TOTAL LIABILITIES AND EQUITY: | 83,904 | 66,309 | 69,300 | 71,444 | 70,677 | 73,408 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 487,504 | 300,820 | 174,810 | 309,262 | 340,761 | 258,450 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 255,547 | |
| Cost of revenue (Cost of Goods and Services Sold) | (441,433) | (299,906) | (176,862) | (297,827) | (331,936) | (241,333) | ||
| Gross profit: | 46,071 | 914 | (2,052) | 11,435 | 8,825 | 17,117 | ||
| Operating expenses | (6,182) | (5,154) | (2,659) | (3,272) | ||||
| Other undisclosed operating loss | (806) | (7,613) | (646) | (3,323) | (2,993) | (38,988) | ||
| Operating income (loss): | 39,083 | (6,699) | (7,852) | 5,453 | 2,560 | (21,871) | ||
| Nonoperating income (expense) | (6,142) | (6,591) | 1,908 | (3,343) | (457) | |||
| Other nonoperating expense | ||||||||
| Interest and debt expense | (62) | 55 | (6,763) | 9,128 | (3,363) | (2,770) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (55) | 6,763 | (9,128) | 3,363 | 2,770 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 39,021 | (12,841) | (14,443) | 7,361 | (783) | (22,328) | ||
| Other undisclosed loss from continuing operations before income taxes | (5,822) | |||||||
| Income (loss) from continuing operations before income taxes: | 33,199 | (12,841) | (14,443) | 7,361 | (783) | (22,328) | ||
| Income tax expense | (307) | (2,335) | (15) | (260) | ||||
| Other undisclosed income from continuing operations | 520 | |||||||
| Income (loss) from continuing operations: | 32,892 | (15,176) | (14,458) | 7,361 | (523) | (22,328) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (15,176) | (14,458) | 7,361 | (523) | (22,328) | ||
| Other undisclosed net income | 28,017 | |||||||
| Net income (loss): | 32,892 | 12,841 | (14,458) | 7,361 | (523) | (22,328) | ||
| Other undisclosed net loss attributable to parent | (25,682) | |||||||
| Net income (loss) available to common stockholders, diluted: | 32,892 | (12,841) | (14,458) | 7,361 | (523) | (22,328) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 32,892 | 12,841 | (14,458) | 7,361 | (523) | (22,328) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 32,892 | 12,841 | (14,458) | 7,361 | (523) | (22,328) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.