Blue Dolphin Energy Co (BDCO) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
801 TRAVIS SUITE 2100 HOUSTON, TX 77002-5729 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 549 | 72 | 14 | 495 | 1,153 | 1,854 | |||
| Cash and cash equivalents | 549 | 72 | 14 | 495 | 1,153 | 1,854 | |||
| Restricted cash and investments | 48 | 49 | 49 | 49 | 3,348 | 3,175 | |||
| Receivables | 214 | 1,810 | 379 | 2,010 | 3,184 | 5,457 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,062 | 1,645 | 1,510 | 3,089 | 2,076 | 7,808 | |||
| Inventory | 1,062 | 1,645 | 1,510 | 3,089 | 2,076 | 7,808 | |||
| Prepaid expense | 3,564 | 2,276 | 1,786 | 1,207 | 1,046 | 940 | |||
| Deferred tax assets | ✕ | ✕ | ✕ | 3,487 | |||||
| Other undisclosed current assets | 124 | 223 | 302 | 129 | 139 | 395 | |||
| Total current assets: | 5,561 | 6,075 | 4,040 | 6,979 | 10,945 | 23,117 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 498 | 649 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 62,497 | 63,893 | 64,697 | 64,597 | 62,324 | 48,842 | |||
| Intangible assets, net (including goodwill) | 108 | 303 | |||||||
| Intangible assets, net (excluding goodwill) | 108 | 303 | |||||||
| Regulated entity, other noncurrent assets | (2,135) | (2,263) | |||||||
| Restricted cash and investments | 514 | 547 | 1,602 | 1,602 | 1,582 | 15,616 | |||
| Deferred costs | 2,391 | ||||||||
| Other noncurrent assets | 120 | ||||||||
| Other undisclosed noncurrent assets | 230 | 280 | 230 | 2,365 | 2,468 | 1,325 | |||
| Total noncurrent assets: | 63,739 | 65,369 | 66,637 | 66,429 | 64,415 | 68,296 | |||
| TOTAL ASSETS: | 69,300 | 71,444 | 70,677 | 73,408 | 75,360 | 91,412 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,564 | 9,024 | 7,340 | 5,639 | 16,158 | 17,955 | |||
| Accounts payable | 3,274 | 1,877 | 2,719 | 2,344 | 14,552 | 14,883 | |||
| Accrued liabilities | 4,882 | 3,333 | 1,682 | 1,159 | 1,282 | 2,991 | |||
| Interest and dividends payable | 6,408 | 3,814 | 2,939 | 2,135 | 324 | 81 | |||
| Debt | 41,734 | 11,715 | (500) | ||||||
| Asset retirement obligation | 2,370 | 2,565 | 2,580 | 2,315 | 18 | 39 | |||
| Due to related parties | 2,814 | 2,174 | 1,534 | 892 | 370 | 300 | |||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 109 | 450 | |||
| Other undisclosed current liabilities | 16,359 | 39,986 | 64,450 | 67,538 | 32,262 | 1,935 | |||
| Total current liabilities: | 77,841 | 65,464 | 75,904 | 76,492 | 48,757 | 20,229 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 725 | 564 | 36,869 | 546 | 539 | 539 | |||
| Long-term debt, excluding current maturities | 355 | 36,869 | 39,287 | 1,300 | 35,238 | ||||
| Operating lease, liability | 370 | 564 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (38,741) | (761) | (34,699) | ||||||
| Liabilities, other than long-term debt | 1,520 | 2,010 | 1,947 | ||||||
| Deferred revenue | 1,520 | ✕ | ✕ | ✕ | ✕ | ||||
| Asset retirement obligations | 2,010 | 1,947 | |||||||
| Other undisclosed noncurrent liabilities | 1,930 | (36,869) | 1,104 | 7,351 | 36,307 | ||||
| Total noncurrent liabilities: | 2,245 | 2,494 | 1,650 | 9,900 | 38,793 | ||||
| Total liabilities: | 80,086 | 67,958 | 75,904 | 78,142 | 58,657 | 59,021 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (10,786) | 3,486 | (5,227) | (4,734) | 16,703 | 32,391 | |||
| Common stock | 127 | 123 | 110 | 109 | 106 | 106 | |||
| Treasury stock, value | (800) | (800) | |||||||
| Additional paid in capital | 38,457 | 38,275 | 36,936 | 36,907 | 36,819 | 36,739 | |||
| Accumulated deficit | (49,370) | (34,912) | (42,273) | (41,750) | (19,422) | (3,654) | |||
| Total stockholders' equity: | (10,786) | 3,486 | (5,227) | (4,734) | 16,703 | 32,391 | |||
| TOTAL LIABILITIES AND EQUITY: | 69,300 | 71,444 | 70,677 | 73,408 | 75,360 | 91,412 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 174,810 | 309,262 | 340,761 | 258,450 | 167,855 | 221,733 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 255,547 | 165,489 | 220,585 | |
| Cost of revenue (Cost of Goods and Services Sold) | (176,862) | (297,827) | (331,936) | (241,333) | (162,100) | (193,105) | ||
| Gross profit: | (2,052) | 11,435 | 8,825 | 17,117 | 5,755 | 28,628 | ||
| Operating expenses | (5,154) | (2,659) | (3,272) | |||||
| Other undisclosed operating loss | (646) | (3,323) | (2,993) | (38,988) | (17,986) | (21,028) | ||
| Operating income (loss): | (7,852) | 5,453 | 2,560 | (21,871) | (12,231) | 7,599 | ||
| Nonoperating income (expense) | (6,591) | 1,908 | (3,343) | (457) | 70 | (762) | ||
| Interest and debt expense | (6,763) | 9,128 | (3,363) | (2,770) | (1,855) | (1,742) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 6,763 | (9,128) | 3,363 | 2,770 | 1,855 | 1,742 | ||
| Income (loss) from continuing operations before income taxes: | (14,443) | 7,361 | (783) | (22,328) | (12,160) | 6,838 | ||
| Income tax expense (benefit) | (15) | (260) | 3,607 | 2,434 | ||||
| Other undisclosed income (loss) from continuing operations | 520 | (4,869) | ||||||
| Net income (loss): | (14,458) | 7,361 | (523) | (22,328) | (8,553) | 4,403 | ||
| Other undisclosed net loss attributable to parent | (7,214) | |||||||
| Net income (loss) available to common stockholders, diluted: | (14,458) | 7,361 | (523) | (22,328) | (15,767) | 4,403 | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (14,458) | 7,361 | (523) | (22,328) | (8,553) | 4,403 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (14,458) | 7,361 | (523) | (22,328) | (8,553) | 4,403 | ||
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.