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
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,97852,86164,61311,46114,11728,141
Cash and cash equivalents44,97852,86164,61311,46114,11728,141
Restricted cash and investments    3,4603,460 
Receivables16,31315,02416,90815,48517,60715,868
Inventory, net of allowances, customer advances and progress billings1,6861,5461,3237,6377,5067,442
Inventory1,6861,5461,3237,6377,5067,442
Prepaid expense6,1715,8334,3195,5186,2906,189
Other current assets1,1831,1335,4162,0992,2711,837
Other undisclosed current assets4,8016,71110,94111,02610,90411,876
Total current assets:75,13283,108103,52056,68662,15571,353
Noncurrent Assets
Property, plant and equipment345,003363,110363,8451,010,1631,004,9721,001,788
Other undisclosed noncurrent assets7,3237,3794,5904,8224,3663,430
Total noncurrent assets:352,326370,489368,4351,014,9851,009,3381,005,218
TOTAL ASSETS:427,458453,597471,9551,071,6711,071,4931,076,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19,20422,45625,03230,42227,66845,099
Interest and dividends payable3803964511,04175515,367
Taxes payable1,7331,3711,5404,2843,7882,991
Employee-related liabilities5,2985,2905,04010,0929,51410,224
Accounts payable7,4699,77612,7709,1048,72910,204
Accrued liabilities4,3245,6235,2315,9014,8826,313
Debt    125,380117,156546,044
Restructuring reserve   7,458   
Other undisclosed current liabilities    18,00017,000 
Total current liabilities:19,20422,45632,490173,802161,824591,143
Noncurrent Liabilities
Long-term debt and lease obligation93,15592,436    
Long-term debt, excluding current maturities93,15592,436    
Liabilities, other than long-term debt3,4714,0044,236122,114127,816127,308
Deferred tax liabilities, net2,3812,8692,992118,858124,581124,300
Other liabilities1,0901,1351,2443,2563,2353,008
Other undisclosed noncurrent liabilities    18,34017,763 
Total noncurrent liabilities:96,62696,4404,236140,454145,579127,308
Total liabilities:115,830118,89636,726314,256307,403718,451
Equity
Equity, attributable to parent, including:294,066315,974324,490309,291315,966339,440
Common stock757070289289287
Treasury stock, value(70)(70)(70)(38,133)(50,148)(59,874)
Additional paid in capital318,521317,932317,932389,027400,397409,346
Accumulated other comprehensive income (loss)7729,6992,977(108,354)(125,611)(141,836)
Retained earnings (accumulated deficit)(25,302)(11,727)3,51157,13381,775122,322
Other undisclosed equity, attributable to parent7070709,3299,2649,195
Other undisclosed equity    448,124448,124 
Total equity:294,066315,974324,490757,415764,090339,440
Other undisclosed liabilities and equity17,56218,727110,739  18,680
TOTAL LIABILITIES AND EQUITY:427,458453,597471,9551,071,6711,071,4931,076,571

Income Statement (P&L) ($ in thousands)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Revenues26,45324,366(74,805)25,80524,64124,359
Revenue, net 25,80524,64124,359
Cost of revenue(20,022)(21,975) (21,535)(21,006)(22,077)
Cost of goods and services sold(20,022)(21,975) (20,431)(19,384)(19,175)
Gross profit:6,4312,391 4,2703,6352,282
Operating expenses(16,019)(15,875) (22,472)(34,315)(34,274)
Operating loss:(9,588)(13,484) (18,202)(30,680)(31,992)
Nonoperating expense(5,128)(1,268) (11,697)(11,005)(18,616)
Interest and debt expense(2,841)(2,754) (3,192)(5,716)(18,436)
Other undisclosed income from continuing operations before equity method investments, income taxes      18,436
Loss from continuing operations before equity method investments, income taxes:(17,557)(17,506) (33,091)(47,401)(50,608)
Other undisclosed income from continuing operations before income taxes2,8412,754 3,1925,716 
Loss from continuing operations before income taxes:(14,716)(14,752) (29,899)(41,685)(50,608)
Income tax expense (benefit)1,141(486)82,4135,2561,138(74,207)
Other undisclosed income from continuing operations   122,192   
Income (loss) from continuing operations:(13,575)(15,238)204,605(24,643)(40,547)(124,815)
Income (loss) before gain (loss) on sale of properties:(13,575)(15,238)204,605(24,643)(40,547)(124,815)
Net income (loss) available to common stockholders, diluted:(13,575)(15,238)204,605(24,643)(40,547)(124,815)

Comprehensive Income ($ in thousands)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
Net income (loss):(13,575)(15,238)204,605(24,643)(40,547)(124,815)
Comprehensive income (loss):(13,575)(15,238)204,605(24,643)(40,547)(124,815)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(8,927)6,722(40,048)17,25716,2256,566
Comprehensive income (loss), net of tax, attributable to parent:(22,502)(8,516)164,557(7,386)(24,322)(118,249)

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.

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