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)Annual | Quarterly
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 investments | 44,978 | 52,861 | 64,613 | 11,461 | 14,117 | 28,141 | |||
Cash and cash equivalents | 44,978 | 52,861 | 64,613 | 11,461 | 14,117 | 28,141 | |||
Restricted cash and investments | 3,460 | 3,460 | |||||||
Receivables | 16,313 | 15,024 | 16,908 | 15,485 | 17,607 | 15,868 | |||
Inventory, net of allowances, customer advances and progress billings | 1,686 | 1,546 | 1,323 | 7,637 | 7,506 | 7,442 | |||
Inventory | 1,686 | 1,546 | 1,323 | 7,637 | 7,506 | 7,442 | |||
Prepaid expense | 6,171 | 5,833 | 4,319 | 5,518 | 6,290 | 6,189 | |||
Other current assets | 1,183 | 1,133 | 5,416 | 2,099 | 2,271 | 1,837 | |||
Other undisclosed current assets | 4,801 | 6,711 | 10,941 | 11,026 | 10,904 | 11,876 | |||
Total current assets: | 75,132 | 83,108 | 103,520 | 56,686 | 62,155 | 71,353 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 345,003 | 363,110 | 363,845 | 1,010,163 | 1,004,972 | 1,001,788 | |||
Other undisclosed noncurrent assets | 7,323 | 7,379 | 4,590 | 4,822 | 4,366 | 3,430 | |||
Total noncurrent assets: | 352,326 | 370,489 | 368,435 | 1,014,985 | 1,009,338 | 1,005,218 | |||
TOTAL ASSETS: | 427,458 | 453,597 | 471,955 | 1,071,671 | 1,071,493 | 1,076,571 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 19,204 | 22,456 | 25,032 | 30,422 | 27,668 | 45,099 | |||
Interest and dividends payable | 380 | 396 | 451 | 1,041 | 755 | 15,367 | |||
Taxes payable | 1,733 | 1,371 | 1,540 | 4,284 | 3,788 | 2,991 | |||
Employee-related liabilities | 5,298 | 5,290 | 5,040 | 10,092 | 9,514 | 10,224 | |||
Accounts payable | 7,469 | 9,776 | 12,770 | 9,104 | 8,729 | 10,204 | |||
Accrued liabilities | 4,324 | 5,623 | 5,231 | 5,901 | 4,882 | 6,313 | |||
Debt | 125,380 | 117,156 | 546,044 | ||||||
Restructuring reserve | 7,458 | ||||||||
Other undisclosed current liabilities | 18,000 | 17,000 | |||||||
Total current liabilities: | 19,204 | 22,456 | 32,490 | 173,802 | 161,824 | 591,143 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 93,155 | 92,436 | |||||||
Long-term debt, excluding current maturities | 93,155 | 92,436 | |||||||
Liabilities, other than long-term debt | 3,471 | 4,004 | 4,236 | 122,114 | 127,816 | 127,308 | |||
Deferred tax liabilities, net | 2,381 | 2,869 | 2,992 | 118,858 | 124,581 | 124,300 | |||
Other liabilities | 1,090 | 1,135 | 1,244 | 3,256 | 3,235 | 3,008 | |||
Other undisclosed noncurrent liabilities | 18,340 | 17,763 | |||||||
Total noncurrent liabilities: | 96,626 | 96,440 | 4,236 | 140,454 | 145,579 | 127,308 | |||
Total liabilities: | 115,830 | 118,896 | 36,726 | 314,256 | 307,403 | 718,451 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 294,066 | 315,974 | 324,490 | 309,291 | 315,966 | 339,440 | |||
Common stock | 75 | 70 | 70 | 289 | 289 | 287 | |||
Treasury stock, value | (70) | (70) | (70) | (38,133) | (50,148) | (59,874) | |||
Additional paid in capital | 318,521 | 317,932 | 317,932 | 389,027 | 400,397 | 409,346 | |||
Accumulated other comprehensive income (loss) | 772 | 9,699 | 2,977 | (108,354) | (125,611) | (141,836) | |||
Retained earnings (accumulated deficit) | (25,302) | (11,727) | 3,511 | 57,133 | 81,775 | 122,322 | |||
Other undisclosed equity, attributable to parent | 70 | 70 | 70 | 9,329 | 9,264 | 9,195 | |||
Other undisclosed equity | 448,124 | 448,124 | |||||||
Total equity: | 294,066 | 315,974 | 324,490 | 757,415 | 764,090 | 339,440 | |||
Other undisclosed liabilities and equity | 17,562 | 18,727 | 110,739 | 18,680 | |||||
TOTAL LIABILITIES AND EQUITY: | 427,458 | 453,597 | 471,955 | 1,071,671 | 1,071,493 | 1,076,571 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 26,453 | 24,366 | (74,805) | 25,805 | 24,641 | 24,359 | ||
Revenue, net | ✕ | ✕ | ✕ | 25,805 | 24,641 | 24,359 | ||
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: | 6,431 | 2,391 | 4,270 | 3,635 | 2,282 | |||
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 taxes | 2,841 | 2,754 | 3,192 | 5,716 | ||||
Loss from continuing operations before income taxes: | (14,716) | (14,752) | (29,899) | (41,685) | (50,608) | |||
Income tax expense (benefit) | 1,141 | (486) | 82,413 | 5,256 | 1,138 | (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)Annual | Quarterly
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) | 17,257 | 16,225 | 6,566 | ||
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.