Orion Group Holdings Inc (ORN) Financial Statements (2024 and earlier)

Company Profile

Business Address 12000 AEROSPACE SUITE 300
HOUSTON, TX 77034
State of Incorp.
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)

9/30/2023
MRQ
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 investments3,78412,2931,5891288,6849,086
Cash and cash equivalents3,78412,2931,5891288,6849,086
Restricted cash and investments    958  
Receivables50,97442,01337,516(838)(3,813)339
Inventory, net of allowances, customer advances and progress billings2,8621,4281,5481,1141,0564,386
Inventory2,8621,4281,5481,1141,0564,386
Contract with customer, asset, after allowance for credit loss43,90328,52932,27141,389 
Costs in excess of billings9,21746,006
Other undisclosed current assets118,814113,671162,478169,214121,912131,972
Total current assets:220,337197,934235,402211,965137,056191,789
Noncurrent Assets
Inventory, Noncurrent5,4695,4186,4557,0377,5984,915
Finance lease, right-of-use asset, after accumulated amortization15,83914,56112,8587,896
Operating lease, right-of-use asset14,97814,68618,87417,997
Property, plant and equipment100,977106,654125,497132,348148,003146,278
Intangible assets, net (including goodwill)7,3178,55610,07712,14714,78787,658
Goodwill      69,483
Intangible assets, net (excluding goodwill)7,3178,55610,07712,14714,78718,175
Deferred income tax assets70417085
Other noncurrent assets2,1683,9004,9565,3695,4262,645
Total noncurrent assets:146,818153,816178,787182,879175,814241,496
TOTAL ASSETS:367,155351,750414,189394,844312,870433,285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities106,07187,412133,52888,91060,86363,323
Taxes payable6016391,523 256
Accounts payable87,60548,21748,25270,42142,02345,194
Accrued liabilities18,46638,59484,63716,96618,84017,873
Deferred revenue37,72026,99833,13548,781
Debt38,98742,5478,24511,4992,94622,756
Billings in excess of cost21,76133,923
Other undisclosed current liabilities6,4584,7805,7055627361,990
Total current liabilities:189,236161,737180,613149,75286,306121,992
Noncurrent Liabilities
Long-term debt and lease obligation11,81822,80452,43685,38576,11963,185
Long-term debt, excluding current maturities 71625929,52368,02976,11963,185
Finance lease, liability11,10210,9088,3763,760
Liabilities, other than long-term debt28,30119,11121,64621,6868,86016,842
Deferred tax liabilities, net4913,243
Deferred income tax liabilities211169207205
Other liabilities17,07218,94219,83720,4368,7593,573
Operating lease, liability11,01811,63714,53713,596
Derivative instruments and hedges, liabilities   1,6021,0455226
Other undisclosed noncurrent liabilities      
Total noncurrent liabilities:40,11941,91574,082107,07184,97980,027
Total liabilities:229,355203,652254,695256,823171,285202,019
Equity
Equity, attributable to parent137,800148,098159,494138,021141,585231,266
Common stock328317312303296288
Treasury stock, value(6,540)(6,540)(6,540)(6,540)(6,540)(6,540)
Additional paid in capital188,184185,881184,324182,523179,742174,697
Accumulated other comprehensive loss   (1,602)(1,045)(52)(26)
Retained earnings (accumulated deficit)(44,172)(31,560)(17,000)(37,220)(31,861)62,847
Total equity:137,800148,098159,494138,021141,585231,266
TOTAL LIABILITIES AND EQUITY:367,155351,750414,189394,844312,870433,285

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues748,322601,360709,942708,390520,894578,553
Revenue, net520,894578,553
Cost of revenue
(Cost of Goods and Services Sold)
(697,580)(560,393)(625,239)(644,349)(499,245)(511,663)
Gross profit:50,74240,96784,70364,04121,64966,890
Operating expenses(58,772)(50,284)(58,117)(61,848)(127,637)(65,352)
Other undisclosed operating income     5,448 
Operating income (loss):(8,030)(9,317)26,5862,193(100,540)1,538
Nonoperating income (expense)(4,153)(4,741)(4,390)(5,684)1,69241
Other nonoperating income (expense)199199347771(6,115)(5,679)
Interest and debt expense(4,456)(5,076)(4,920)(6,808)(7,943)(5,731)
Income (loss) from continuing operations before equity method investments, income taxes:(16,639)(19,134)17,276(10,299)(106,791)(4,152)
Other undisclosed income from continuing operations before income taxes4,4565,0764,9206,80813611
Income (loss) from continuing operations before income taxes:(12,183)(14,058)22,196(3,491)(106,655)(4,141)
Income tax expense (benefit)(429)(502)(1,976)(1,868)12,2334,541
Income (loss) from continuing operations:(12,612)(14,560)20,220(5,359)(94,422)400
Income (loss) before gain (loss) on sale of properties:(14,560)20,220(5,359)(94,422)400
Net income (loss) available to common stockholders, diluted:(12,612)(14,560)20,220(5,359)(94,422)400

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(12,612)(14,560)20,220(5,359)(94,422)400
Other comprehensive income (loss)  1,602(557)(993)(26)356
Comprehensive income (loss):(12,612)(12,958)19,663(6,352)(94,448)756
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (368)128228  
Comprehensive income (loss), net of tax, attributable to parent:(12,612)(13,326)19,791(6,124)(94,448)756

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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