Odyssey Marine Exploration Inc. (OMEX) Financial Statements (2024 and earlier)

Company Profile

Business Address 205 S. HOOVER BLVD.
TAMPA, FL 33609
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 44 - Water Transportation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4432,2756,1632032,7871,108
Cash and cash equivalents1,4432,2756,1632032,7871,108
Restricted cash and investments    101010
Receivables1,584269160422789232
Other current assets9477775875901,016496
Total current assets:3,9753,3206,9111,2254,6031,846
Noncurrent Assets
Operating lease, right-of-use asset  339448547
Property, plant and equipment3,046479615757118594
Long-term investments and receivables4,4053,2542,3711,500753 
Long-term investments4,4053,2542,3711,500753 
Derivative instruments and hedges      
Other noncurrent assets34344227  
Other undisclosed noncurrent assets1,8211,4831,3741,274 533
Total noncurrent assets:9,3075,5894,8494,1058711,126
TOTAL ASSETS:13,2828,90911,7595,3305,4732,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,76729,66223,12219,66112,5778,948
Accounts payable2,2861,8174,1506,2382,7722,397
Accrued liabilities40,48127,84418,97213,4239,8056,551
Debt21,73322,78430,62031,57029,44924,363
Other undisclosed current liabilities187163142   
Total current liabilities:64,68652,60953,88451,23042,02633,312
Noncurrent Liabilities
Long-term debt and lease obligation25,01118,78911,9683,578 3,000
Long-term debt, excluding current maturities25,01118,47311,4892,957 3,000
Liabilities, other than long-term debt129 3,8193,819 4,644
Deferred revenue and credits4,644
Deferred revenue  3,8193,819
Operating lease, liability 129316479621
Other undisclosed noncurrent liabilities (316)  4,644 
Total noncurrent liabilities:25,14018,78915,7877,3974,6447,644
Total liabilities:89,82771,39869,67158,62746,67040,955
Equity
Equity, attributable to parent(32,347)(26,034)(27,628)(29,294)(21,887)(22,606)
Common stock211111
Additional paid in capital265,882249,056237,505221,027217,994212,103
Accumulated deficit(298,232)(275,091)(265,134)(250,322)(239,882)(234,710)
Equity, attributable to noncontrolling interest(44,197)(36,455)(30,283)(24,003)(19,309)(15,377)
Total equity:(76,545)(62,489)(57,911)(53,297)(41,197)(37,983)
TOTAL LIABILITIES AND EQUITY:13,2828,90911,7595,3305,4732,972

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,3359212,0383,0733,2761,248
Cost of revenue(9,892)(9,893)(10,802)(7,928)(4,586)(3,728)
Gross profit:(8,557)(8,972)(8,764)(4,855)(1,310)(2,479)
Operating expenses(8,487)(5,980)(3,871)(5,492)(4,757)(5,878)
Other undisclosed operating income      
Operating loss:(17,044)(14,951)(12,635)(10,347)(6,067)(8,357)
Nonoperating income (expense)(13,839)(1,177)(8,457)(5,153)(3,037)(2,664)
Investment income, nonoperating964(728)(322)560
Other nonoperating income (expense)(165)4,061(36)8204963
Interest and debt expense(14,086)375(777)(290)(3,142)(2,727)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes14,086(375)7772903,1422,727
Loss from continuing operations before equity method investments, income taxes:(30,883)(16,128)(21,092)(15,500)(9,104)(11,021)
Income from equity method investments  883871   
Loss from continuing operations:(30,883)(15,245)(20,222)(15,500)(9,104)(11,021)
Loss before gain (loss) on sale of properties:(15,245)(20,222)(15,500)(9,104)(11,021)
Other undisclosed net loss  (883)(871)   
Net loss:(30,883)(16,128)(21,092)(15,500)(9,104)(11,021)
Net income attributable to noncontrolling interest7,7436,1716,2805,0603,9323,262
Net income (loss) available to common stockholders, basic:(23,141)(9,956)(14,812)(10,440)(5,172)(7,759)
Dilutive securities, effect on basic earnings per share      
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(23,141)(9,956)(14,812)(10,440)(5,172)(7,759)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(30,883)(16,128)(21,092)(15,500)(9,104)(11,021)
Comprehensive loss:(30,883)(16,128)(21,092)(15,500)(9,104)(11,021)
Comprehensive income, net of tax, attributable to noncontrolling interest7,7436,1716,2805,0603,9323,262
Comprehensive income (loss), net of tax, attributable to parent:(23,141)(9,956)(14,812)(10,440)(5,172)(7,759)

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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