Great Lakes Dredge & Dock Corporation (GLDD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
9811 KATY FREEWAY HOUSTON, TX 77024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 16 - Heavy Construction Other Than Building Construction Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22,841 | 6,546 | 145,459 | 216,510 | 186,995 | 34,458 | |||
| Cash and cash equivalents | 22,841 | 6,546 | 145,459 | 216,510 | 186,995 | 34,458 | |||
| Receivables | 68,735 | 65,922 | 39,844 | 32,106 | 22,560 | 64,779 | |||
| Inventory, net of allowances, customer advances and progress billings | 33,912 | 29,229 | 30,760 | 34,689 | 30,189 | 28,112 | |||
| Inventory | 33,912 | 29,229 | 30,760 | 34,689 | 30,189 | 28,112 | |||
| Prepaid expense | 1,486 | 1,568 | 2,017 | 3,091 | 1,525 | 4,710 | |||
| Disposal group, including discontinued operation | 24,779 | ||||||||
| Other current assets | 44,544 | 34,686 | 26,399 | 37,307 | 39,658 | 31,907 | |||
| Other undisclosed current assets | 54,810 | 44,890 | 82,953 | 38,990 | 19,785 | 17,953 | |||
| Total current assets: | 226,328 | 182,841 | 327,432 | 362,693 | 300,712 | 206,698 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 86,325 | 80,044 | 65,049 | 58,413 | 61,126 | 61,264 | |||
| Operating lease, right-of-use asset | 88,398 | 89,733 | 62,233 | 65,188 | 72,612 | ✕ | |||
| Property, plant and equipment | 614,608 | 543,910 | 455,102 | 383,042 | 374,596 | 369,863 | |||
| Long-term investments and receivables | 2,112 | 2,112 | 2,112 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 2,112 | 2,112 | 2,112 | ||||||
| Intangible assets, net (including goodwill) | 76,576 | 76,576 | 76,576 | 76,576 | 76,576 | 76,576 | |||
| Goodwill | 76,576 | 76,576 | 76,576 | 76,576 | 76,576 | 76,576 | |||
| Disposal group, including discontinued operation, noncurrent assets | 1,573 | ||||||||
| Other noncurrent assets | 18,605 | 8,676 | 11,278 | 9,212 | 7,960 | 10,760 | |||
| Other undisclosed noncurrent assets | 788 | 1,858 | 1,425 | ||||||
| Total noncurrent assets: | 884,512 | 798,939 | 670,238 | 595,331 | 596,840 | 523,573 | |||
| TOTAL ASSETS: | 1,110,840 | 981,780 | 997,670 | 958,024 | 897,552 | 730,271 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 121,196 | 123,546 | 123,192 | 124,207 | 127,316 | 119,888 | |||
| Accounts payable | 83,835 | 94,077 | 85,566 | 71,308 | 76,091 | 71,537 | |||
| Accrued liabilities | 37,361 | 29,469 | 37,626 | 52,899 | 51,225 | 48,351 | |||
| Deferred revenue | 29,560 | 9,914 | 14,814 | 32,608 | 55,266 | ✕ | |||
| Debt | 21,351 | 11,500 | |||||||
| Disposal group, including discontinued operation | 13,940 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 17,793 | ||
| Other undisclosed current liabilities | 28,687 | 26,873 | 16,729 | 19,472 | |||||
| Total current liabilities: | 179,443 | 160,333 | 154,735 | 176,287 | 203,933 | 163,121 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 412,070 | 321,521 | 366,957 | 369,614 | 373,974 | 321,950 | |||
| Long-term debt, excluding current maturities | 412,070 | 321,521 | 320,971 | 323,735 | 322,843 | 321,950 | |||
| Liabilities, other than long-term debt | 133,779 | 131,706 | 76,981 | 65,455 | 4,506 | 30,272 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 22,846 | ||
| Deferred income tax liabilities | 62,232 | 59,115 | 68,497 | 56,466 | ✕ | ||||
| Disposal group, including discontinued operation, liabilities | 146 | ||||||||
| Other liabilities | 10,103 | 7,581 | 8,484 | 8,989 | 4,506 | 7,280 | |||
| Operating lease, liability | 61,444 | 65,010 | 45,986 | 45,879 | 51,131 | ✕ | |||
| Other undisclosed noncurrent liabilities | 35,740 | ||||||||
| Total noncurrent liabilities: | 545,849 | 453,227 | 443,938 | 435,069 | 414,220 | 352,222 | |||
| Total liabilities: | 725,292 | 613,560 | 598,673 | 611,356 | 618,153 | 515,343 | |||
| Equity | |||||||||
| Equity, attributable to parent | 385,548 | 368,220 | 398,997 | 346,668 | 279,399 | 214,928 | |||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Treasury stock, value | (1,433) | ||||||||
| Additional paid in capital | 317,337 | 312,091 | 308,482 | 304,757 | 302,189 | 295,135 | |||
| Accumulated other comprehensive income (loss) | (2,015) | (191) | 140 | 968 | 295 | (3,809) | |||
| Retained earnings (accumulated deficit) | 70,220 | 56,314 | 90,369 | 40,937 | (23,091) | (74,971) | |||
| Total equity: | 385,548 | 368,220 | 398,997 | 346,668 | 279,399 | 214,928 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,110,840 | 981,780 | 997,670 | 958,024 | 897,552 | 730,271 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 589,625 | 648,781 | 726,149 | 733,601 | 711,518 | 620,795 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (511,893) | (617,608) | (580,879) | (562,373) | (557,761) | (509,335) | ||
| Gross profit: | 77,732 | 31,173 | 145,270 | 171,228 | 153,757 | 111,460 | ||
| Operating expenses | (57,056) | (51,117) | (61,840) | (62,757) | (59,110) | (55,108) | ||
| Other undisclosed operating income (loss) | 7,543 | (7,792) | 3,294 | 3,481 | (3,731) | |||
| Operating income (loss): | 28,219 | (27,736) | 83,430 | 111,765 | 98,128 | 52,621 | ||
| Nonoperating expense | (9,907) | (15,679) | (20,607) | (25,475) | (27,207) | (36,168) | ||
| Other nonoperating income (expense) | 2,233 | (1,571) | 994 | 1,110 | 317 | (2,590) | ||
| Interest and debt expense | (24) | (1,611) | (2,231) | (3,504) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1,611 | 2,231 | 3,504 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 18,288 | (43,415) | 62,823 | 86,290 | 70,921 | 16,453 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 24 | |||||||
| Income (loss) from continuing operations before income taxes: | 18,312 | (43,415) | 62,823 | 86,290 | 70,921 | 16,453 | ||
| Income tax expense (benefit) | (4,406) | 9,360 | (13,391) | (20,187) | (15,253) | (5,437) | ||
| Income (loss) from continuing operations: | 13,906 | (34,055) | 49,432 | 66,103 | 55,668 | 11,016 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 49,432 | 66,103 | 49,339 | (6,293) | |
| Loss from discontinued operations | (6,329) | (17,309) | ||||||
| Net income (loss) available to common stockholders, diluted: | 13,906 | (34,055) | 49,432 | 66,103 | 49,339 | (6,293) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 13,906 | (34,055) | 49,432 | 66,103 | 49,339 | (6,293) | ||
| Other comprehensive income (loss) | (1,824) | (331) | (828) | 673 | 4,104 | (3,812) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 12,082 | (34,386) | 48,604 | 66,776 | 53,443 | (10,105) | ||
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.