Gulf Island Fabrication, Inc. (GIFI) financial statements (2021 and earlier)

Company profile

Business Address 16225 PARK TEN PLACE, SUITE 280
HOUSTON, TX 77084
State of Incorp. LA
Fiscal Year End December 31
SIC 344 - Fabricated Structural Metal Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:5170799513536
Cash and cash equivalents4350709513536
Short-term investments8209    
Other undisclosed cash, cash equivalents, and short-term investments (0)     
Receivables15262328204782
Inventory, net of allowances, customer advances and progress billings2365121310
Inventory2365121310
Prepaid expense3434335
Contract with customer, asset685230
Disposal group, including discontinued operation89    10
Assets held-for-sale, not part of disposal group  19105 5
Costs in excess of billings28271327
Other undisclosed current assets 0   03
Total current assets:147163160179113116172
Noncurrent Assets
Property, plant and equipment67708089206200225
Other noncurrent assets1719183311
Total noncurrent assets:84899892209201225
TOTAL ASSETS:231253258271322317398
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78723931192153
Accounts payable7062291891440
Accrued liabilities81010131015
Employee-related liabilities     78
Taxes payable   000 
Deferred revenue1526
Debt5      
Provision for loss on contracts   8091
Deferred revenue and credits512  
Billings in excess of cost54719
Contract with customer, liability17
Total current liabilities:98985649353873
Noncurrent Liabilities
Long-term debt and lease obligation5      
Long-term debt, excluding current maturities5      
Liabilities, other than long-term debt221312239
Deferred revenue and credits10  
Deferred tax liabilities, net   2239
Other liabilities22120  
Other undisclosed noncurrent liabilities    23  
Total noncurrent liabilities:7213242239
Total liabilities:10510057515960112
Stockholders' equity
Stockholders' equity attributable to parent126153201219263257286
Common stock11111111111010
Additional paid in capital104103102100999694
Retained earnings113888108154151182
Total stockholders' equity:126153201219263257286
TOTAL LIABILITIES AND EQUITY:231253258271322317398

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues251303221171286306507
Cost of revenue(269)(320)(228)(214)(261)(321)(462)
Cost of goods and services sold(269)(320)(228)(214)(261)(321)(465)
Gross profit:(18)(17)(7)(43)25(15)45
Operating expenses(14)(16)(19)(18)(20)(16)(24)
Other operating income, net90     
Other undisclosed operating income (loss)(4)(18)7(8) (7)3
Operating income (loss):(27)(50)(20)(68)5(39)24
Nonoperating income (expense)   (1)0(0)(0)
Investment income, nonoperating    000
Other nonoperating income (expense)   (0)10(0)
Interest and debt expense  (0)(0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)1 0000
Income (loss) from continuing operations before income taxes:(27)(49)(20)(69)6(39)24
Income tax expense (benefit)00(1)24(2)13(9)
Net income (loss) attributable to parent:(27)(49)(20)(45)4(25)15
Other undisclosed net loss available to common stockholders, basic   (0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(27)(49)(20)(45)3(25)15

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(27)(49)(20)(45)4(25)15
Comprehensive income (loss), net of tax, attributable to parent:(27)(49)(20)(45)4(25)15

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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