Great Lakes Dredge & Dock CORP (GLDD) Financial Statements (2026 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)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,216 | 22,841 | 6,546 | 145,459 | 216,510 | 186,995 | |||
| Cash and cash equivalent | 10,216 | 22,841 | 6,546 | 145,459 | 216,510 | 186,995 | |||
| Receivables | 74,197 | 68,735 | 65,922 | 39,844 | 32,106 | 22,560 | |||
| Inventory, net of allowances, customer advances and progress billings | 29,866 | 33,912 | 29,229 | 30,760 | 34,689 | 30,189 | |||
| Inventory | 29,866 | 33,912 | 29,229 | 30,760 | 34,689 | 30,189 | |||
| Prepaid expense | 2,828 | 1,486 | 1,568 | 2,017 | 3,091 | 1,525 | |||
| Other current assets | 28,281 | 44,544 | 34,686 | 26,399 | 37,307 | 39,658 | |||
| Other undisclosed current assets | 118,030 | 54,810 | 44,890 | 82,953 | 38,990 | 19,785 | |||
| Total current assets: | 263,418 | 226,328 | 182,841 | 327,432 | 362,693 | 300,712 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 95,269 | 86,325 | 80,044 | 65,049 | 58,413 | 61,126 | |||
| Operating lease, right-of-use asset | 96,099 | 88,398 | 89,733 | 62,233 | 65,188 | 72,612 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 703,252 | 614,608 | 543,910 | 455,102 | 383,042 | 374,596 | |||
| Long-term investments and receivables | 2,112 | 2,112 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 2,112 | 2,112 | |||||||
| Intangible asset, including goodwill, after accumulated amortization | 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 | |||
| Other noncurrent assets | 20,489 | 18,605 | 8,676 | 11,278 | 9,212 | 7,960 | |||
| Other undisclosed noncurrent assets | 788 | 1,858 | |||||||
| Total noncurrent assets: | 991,685 | 884,512 | 798,939 | 670,238 | 595,331 | 596,840 | |||
| TOTAL ASSETS: | 1,255,103 | 1,110,840 | 981,780 | 997,670 | 958,024 | 897,552 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 142,949 | 121,196 | 123,546 | 123,192 | 124,207 | 127,316 | |||
| Accounts payable | 101,309 | 83,835 | 94,077 | 85,566 | 71,308 | 76,091 | |||
| Accrued liabilities | 41,640 | 37,361 | 29,469 | 37,626 | 52,899 | 51,225 | |||
| Deferred revenue | 25,796 | 29,560 | 9,914 | 14,814 | 32,608 | 55,266 | |||
| Debt | 21,351 | ||||||||
| Other undisclosed current liabilities | 47,268 | 28,687 | 26,873 | 16,729 | 19,472 | ||||
| Total current liabilities: | 216,013 | 179,443 | 160,333 | 154,735 | 176,287 | 203,933 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 448,216 | 412,070 | 321,521 | 366,957 | 369,614 | 373,974 | |||
| Long-term debt, excluding current maturities | 448,216 | 412,070 | 321,521 | 320,971 | 323,735 | 322,843 | |||
| Liabilities, other than long-term debt | 141,964 | 133,779 | 131,706 | 76,981 | 65,455 | 4,506 | |||
| Deferred income tax liabilities | 78,985 | 62,232 | 59,115 | 68,497 | 56,466 | ||||
| Other liabilities | 12,547 | 10,103 | 7,581 | 8,484 | 8,989 | 4,506 | |||
| Operating lease, liability | 50,432 | 61,444 | 65,010 | 45,986 | 45,879 | 51,131 | |||
| Other undisclosed noncurrent liabilities | 35,740 | ||||||||
| Total noncurrent liabilities: | 590,180 | 545,849 | 453,227 | 443,938 | 435,069 | 414,220 | |||
| Total liabilities: | 806,193 | 725,292 | 613,560 | 598,673 | 611,356 | 618,153 | |||
| Equity | |||||||||
| Equity, attributable to parent | 448,910 | 385,548 | 368,220 | 398,997 | 346,668 | 279,399 | |||
| Common stock | 7 | 6 | 6 | 6 | 6 | 6 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 322,383 | 317,337 | 312,091 | 308,482 | 304,757 | 302,189 | |||
| Accumulated other comprehensive income (loss) | (965) | (2,015) | (191) | 140 | 968 | 295 | |||
| Retained earnings (accumulated deficit) | 127,485 | 70,220 | 56,314 | 90,369 | 40,937 | (23,091) | |||
| Total equity: | 448,910 | 385,548 | 368,220 | 398,997 | 346,668 | 279,399 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,255,103 | 1,110,840 | 981,780 | 997,670 | 958,024 | 897,552 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 762,693 | 589,625 | 648,781 | 726,149 | 733,601 | 711,518 | ||
| Cost of revenue (Cost of Product and Service Sold) | (602,117) | (511,893) | (617,608) | (580,879) | (562,373) | (557,761) | ||
| Gross profit: | 160,576 | 77,732 | 31,173 | 145,270 | 171,228 | 153,757 | ||
| Operating expenses | (70,769) | (57,056) | (51,117) | (61,840) | (62,757) | (59,110) | ||
| Other undisclosed operating income (loss) | 2,998 | 7,543 | (7,792) | 3,294 | 3,481 | |||
| Operating income (loss): | 92,805 | 28,219 | (27,736) | 83,430 | 111,765 | 98,128 | ||
| Nonoperating income (expense) | 460 | (9,907) | (15,679) | (20,607) | (25,475) | (27,207) | ||
| Other nonoperating income (expense) | 460 | 2,233 | (1,571) | 994 | 1,110 | 317 | ||
| Interest and debt expense | (380) | (24) | (1,611) | (2,231) | ||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,611 | 2,231 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 92,885 | 18,288 | (43,415) | 62,823 | 86,290 | 70,921 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (17,500) | 24 | ||||||
| Income (loss) from continuing operations before income taxes: | 75,385 | 18,312 | (43,415) | 62,823 | 86,290 | 70,921 | ||
| Income tax expense (benefit) | (18,120) | (4,406) | 9,360 | (13,391) | (20,187) | (15,253) | ||
| Income (loss) from continuing operations: | 57,265 | 13,906 | (34,055) | 49,432 | 66,103 | 55,668 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 49,432 | 66,103 | 49,339 | |
| Loss from discontinued operations | (6,329) | |||||||
| Net income (loss) available to common stockholders, diluted: | 57,265 | 13,906 | (34,055) | 49,432 | 66,103 | 49,339 | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 57,265 | 13,906 | (34,055) | 49,432 | 66,103 | 49,339 | ||
| Other comprehensive income (loss) | 1,050 | (1,824) | (331) | (828) | 673 | 4,104 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 58,315 | 12,082 | (34,386) | 48,604 | 66,776 | 53,443 | ||
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.