Stabilis Solutions, Inc. (SLNG) financial statements (2022 and earlier)

Company profile

Business Address 11750 KATY FREEWAY
HOUSTON, TX 77079
State of Incorp. FL
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0602,9383,3133,0621,8143,4107,056
Cash and cash equivalents2,0602,9383,3133,0621,8143,4107,056
Receivables10,3237,3287,0486,3295,6621,9931,499
Inventory, net of allowances, customer advances and progress billings386424159158226161187
Inventory386424159158226161187
Prepaid expense1,2211,6386256539161,124408
Other undisclosed current assets1,5432,6602,9392,6832,1952,5881,706
Total current assets:15,53314,98814,08412,88510,8139,27610,856
Noncurrent Assets
Finance lease, right-of-use asset8590951016,781  
Operating lease, right-of-use asset273128602678786881841
Property, plant and equipment     53,85255,983
Long-term investments and receivables12,32511,92311,60812,25611,89710,3169,174
Long-term investments12,32511,92311,60812,25611,89710,3169,174
Intangible assets, net (including goodwill)4,4534,4534,4534,4534,4534,4534,453
Goodwill4,4534,4534,4534,4534,4534,4534,453
Other noncurrent assets 319328320326306303
Other undisclosed noncurrent assets54,66755,76856,94450,10245,257  
Total noncurrent assets:71,80372,68174,03067,91069,50069,80870,754
TOTAL ASSETS:87,33687,66988,11480,79580,31379,08481,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,16912,5959,89910,6338,7567,3896,775
Accounts payable5,5565,1633,9695,4014,3953,2732,979
Accrued liabilities7,6137,4325,9305,2324,3614,1163,796
Debt      2,760
Due to related parties1,1682,5803,4963,4223,3512,7372,140
Other undisclosed current liabilities1,2901,6014151,1542,1222,886569
Total current liabilities:15,62716,77613,81015,20914,22913,01212,244
Noncurrent Liabilities
Long-term debt and lease obligation8,1467,1547,2611,1781,1721,1981,361
Long-term debt, excluding current maturities7,7536,7726,797667682633767
Finance lease, liability64687175   
Operating lease, liability329314393436490565594
Liabilities, other than long-term debt2,5041,0171,5632,2432,8823,4445,052
Deferred compensation liability, classified  3144597287
Deferred income tax liabilities  91106973228
Due to related parties2,4359191,4412,0932,7263,3404,937
Other liabilities6998     
Total noncurrent liabilities:10,6508,1718,8243,4214,0544,6426,413
Total liabilities:26,27724,94722,63418,63018,28317,65418,657
Stockholders' equity
Stockholders' equity attributable to parent61,05962,72265,48062,16562,03061,43062,953
Common stock18181817171717
Additional paid in capital97,87597,37395,35691,44091,27891,09290,906
Accumulated other comprehensive income (loss)351172322(80)122(402)(826)
Accumulated deficit(37,185)(34,841)(30,216)(29,212)(29,387)(29,277)(27,144)
Total stockholders' equity:61,05962,72265,48062,16562,03061,43062,953
TOTAL LIABILITIES AND EQUITY:87,33687,66988,11480,79580,31379,08481,610

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues23,74519,70416,05217,66413,6909,0195,003
Cost of revenue(19,684)(15,447)(12,137)(12,213)(9,807)(6,848)(4,341)
Gross profit:4,0614,2573,9155,4513,8832,171662
Operating expenses(6,417)(8,855)(6,009)(5,450)(5,111)(4,604)(4,634)
Operating income (loss):(2,356)(4,598)(2,094)1(1,228)(2,433)(3,972)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
41701,02390(51)(31)(13)
Interest and debt expense (2)1,100(12)(97)(104)(135)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(41)(68)(2,123)(78)148135148
Income (loss) from continuing operations before equity method investments, income taxes:(2,356)(4,598)(2,094)1(1,228)(2,433)(3,972)
Income from equity method investments8793085384211,1766421,001
Other undisclosed income (loss) from continuing operations before income taxes(415)(242)735(167)(53)(301)(323)
Income (loss) from continuing operations before income taxes:(1,892)(4,532)(821)255(105)(2,092)(3,294)
Income tax expense(452)(93)(183)(80)(5)(41)(169)
Net income (loss) available to common stockholders, diluted:(2,344)(4,625)(1,004)175(110)(2,133)(3,463)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(2,344)(4,625)(1,004)175(110)(2,133)(3,463)
Other undisclosed comprehensive income (loss)179(150)402(202)52442484
Comprehensive income (loss), net of tax, attributable to parent:(2,165)(4,775)(602)(27)414(1,709)(3,379)

Statements sources

The financial statements are based on the company's filings with the 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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