Gulfmark Offshore Inc (GLF) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
10111 RICHMOND AVE HOUSTON, TX 77042 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3533 - Oil and Gas Field Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 64,613 | 8,822 | 21,939 | 50,785 | 60,566 | 185,175 | |||
| Cash and cash equivalents | 64,613 | 8,822 | 21,939 | 50,785 | 60,566 | 185,175 | |||
| Receivables | 16,908 | 19,561 | 39,358 | 88,721 | 100,173 | 85,706 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,323 | 7,465 | ✕ | ✕ | |||||
| Inventory | 1,323 | 7,465 | |||||||
| Prepaid expense | 4,319 | 3,799 | ✕ | ||||||
| Other current assets | 5,416 | 3,110 | ✕ | ||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 25,186 | ||
| Other undisclosed current assets | 10,941 | 10,132 | 25,700 | 27,235 | 29,326 | 8,506 | |||
| Total current assets: | 103,520 | 52,889 | 86,997 | 166,741 | 190,065 | 304,573 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 363,845 | 970,522 | 1,195,669 | 1,356,839 | 1,316,838 | 1,136,360 | |||
| Intangible assets, net (including goodwill) | 40,871 | 49,417 | 55,062 | ||||||
| Goodwill | 25,010 | 30,676 | 33,438 | ||||||
| Intangible assets, net (excluding goodwill) | 15,861 | 18,741 | 21,624 | ||||||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | 20 | ||||||
| Other undisclosed noncurrent assets | 4,590 | 30,492 | 70,818 | 102,708 | 177,772 | 169,409 | |||
| Total noncurrent assets: | 368,435 | 1,001,014 | 1,266,487 | 1,500,418 | 1,544,027 | 1,360,851 | |||
| Other undisclosed assets | 16,786 | 49,196 | 39,200 | 80,250 | |||||
| TOTAL ASSETS: | 471,955 | 1,053,903 | 1,370,270 | 1,716,355 | 1,773,292 | 1,745,674 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 25,032 | 41,921 | 47,533 | 67,423 | 50,193 | 59,007 | |||
| Interest and dividends payable | 451 | 8,163 | 9,620 | 9,610 | |||||
| Taxes payable | 1,540 | 3,678 | 6,485 | 4,578 | 3,340 | 6,262 | |||
| Employee-related liabilities | 5,040 | 9,109 | 12,942 | 20,403 | 19,624 | 23,656 | |||
| Accounts payable | 12,770 | 11,666 | 13,170 | 22,494 | 27,229 | 29,089 | |||
| Accrued liabilities | 5,231 | 9,305 | 5,316 | 10,338 | |||||
| Debt | 483,326 | ||||||||
| Restructuring reserve | 7,458 | ✕ | ✕ | ||||||
| Other undisclosed current liabilities | 23,324 | 20,729 | |||||||
| Total current liabilities: | 32,490 | 525,247 | 47,533 | 67,423 | 73,517 | 79,736 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 544,732 | 500,864 | 500,999 | ||||||
| Long-term debt, excluding current maturities | 544,732 | 500,864 | 500,999 | ||||||
| Liabilities, other than long-term debt | 4,236 | 61,267 | 103,471 | 137,731 | 137,979 | 137,623 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 2,382 | 1,831 | ||
| Deferred tax liabilities, net | 2,992 | 58,094 | 99,439 | 104,346 | 104,647 | 105,867 | |||
| Liability for uncertainty in income taxes | 24,700 | 23,700 | 22,400 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 2,314 | ✕ | ✕ | ||||||
| Other liabilities | 1,244 | 3,173 | 4,032 | 6,371 | 7,250 | 7,525 | |||
| Total noncurrent liabilities: | 4,236 | 61,267 | 103,471 | 682,463 | 638,843 | 638,622 | |||
| Total liabilities: | 36,726 | 586,514 | 151,004 | 749,886 | 712,360 | 718,358 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 324,490 | 449,621 | 698,308 | 968,753 | 1,063,341 | 1,027,882 | |||
| Common stock | 70 | 278 | 274 | 271 | 269 | 266 | |||
| Treasury stock, value | (70) | (64,580) | (75,922) | (78,441) | (18,690) | (11,533) | |||
| Additional paid in capital | 317,932 | 411,983 | 417,289 | 410,641 | 402,286 | 389,881 | |||
| Deferred compensation equity | (10,331) | ||||||||
| Accumulated other comprehensive income (loss) | 2,977 | (148,402) | (96,234) | (30,665) | 49,965 | 59,875 | |||
| Retained earnings | 3,511 | 241,207 | 444,181 | 659,403 | 623,221 | 579,062 | |||
| Other undisclosed equity, attributable to parent | 70 | 9,135 | 8,720 | 7,544 | 6,290 | 20,662 | |||
| Total equity: | 324,490 | 449,621 | 698,308 | 968,753 | 1,063,341 | 1,027,882 | |||
| Other undisclosed liabilities and equity | 110,739 | 17,768 | 520,958 | (2,284) | (2,409) | (566) | |||
| TOTAL LIABILITIES AND EQUITY: | 471,955 | 1,053,903 | 1,370,270 | 1,716,355 | 1,773,292 | 1,745,674 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 123,719 | 274,806 | 495,769 | 454,604 | 389,205 | |||
| Cost of revenue | (96,391) | (186,384) | (267,844) | (244,922) | (229,243) | |||
| Cost of goods and services sold | (83,165) | (169,837) | (267,844) | (244,922) | (221,887) | |||
| Gross profit: | 27,328 | 88,422 | 227,925 | 209,682 | 159,962 | |||
| Operating expenses | (258,653) | (271,974) | (133,020) | (112,318) | (108,957) | |||
| Other undisclosed operating income | 6,760 | 3,112 | ||||||
| Operating income (loss): | (231,325) | (183,552) | 101,665 | 100,476 | 51,005 | |||
| Nonoperating expense | (11,112) | (37,316) | (30,020) | (24,908) | (29,063) | |||
| Interest and debt expense | 35,912 | 458 | (29,332) | (23,821) | (27,622) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (35,912) | (458) | 29,332 | 23,821 | 27,622 | |||
| Income (loss) from continuing operations before income taxes: | (242,437) | (220,868) | 71,645 | 75,568 | 21,942 | |||
| Income tax expense (benefit) | 14,600 | 39,458 | 5,633 | (9,270) | (4,962) | (2,669) | ||
| Income (loss) from continuing operations: | 14,600 | (202,979) | (215,235) | 62,375 | 70,606 | 19,273 | ||
| Income (loss) before gain (loss) on sale of properties: | 14,600 | (202,979) | (215,235) | 62,375 | 70,606 | 19,273 | ||
| Net income (loss) attributable to parent: | 14,600 | (202,979) | (215,235) | 62,375 | 70,606 | 19,273 | ||
| Preferred stock dividends and other adjustments | (42) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (27) | |||||||
| Net income (loss) available to common stockholders, diluted: | 14,600 | (202,979) | (215,235) | 62,375 | 70,579 | 19,231 | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 14,600 | (202,979) | (215,235) | 62,375 | 70,606 | 19,273 | ||
| Comprehensive income (loss): | 14,600 | (202,979) | (215,235) | 62,375 | 70,606 | 19,273 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (52,168) | (65,569) | (80,630) | (9,910) | 28,770 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,600 | (255,147) | (280,804) | (18,255) | 60,696 | 48,043 | ||
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.