Deep Down, Inc. (DPDW) Financial Statements (2023 and Earlier)

Company Profile

Business Address 18511 BEAUMONT HIGHWAY
HOUSTON, TX 77049
State of Incorp. NV
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)

12/31/2021
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 investments3,6763,7453,5233,0504,9569,2084,274
Cash and cash equivalents3,6763,7453,5232,0153,9398,2034,274
Short-term investments   1,0351,0171,005 
Receivables5,9294,6504,4544,3884,1425,9458,010
Inventory, net of allowances, customer advances and progress billings254187    3,117
Inventory254187    3,117
Costs in excess of billings9251,0771,354
Other undisclosed current assets1,1053409702,55230286468
Total current assets:10,9648,9228,9479,99010,32517,09416,823
Noncurrent Assets
Operating lease, right-of-use asset1,8613,1744,334
Property, plant and equipment1,7272,6047,9649,69112,3527,93810,762
Intangible assets, net (including goodwill)38445056636975
Intangible assets, net (excluding goodwill)38445056636975
Other noncurrent assets1361952563831,230211878
Other undisclosed noncurrent assets     3,117 
Total noncurrent assets:3,7626,01712,60410,13013,64511,33511,715
TOTAL ASSETS:14,72614,93921,55120,12023,97028,42928,538
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3101,9882,2041,9821,5111,7782,162
Other undisclosed accounts payable and accrued liabilities2,3101,9882,2041,9821,5111,7782,162
Deferred revenue250730623
Debt 8631,1819  2,747
Contract with customer, liability973
Other undisclosed current liabilities1,3061,261  6123,34946
Total current liabilities:3,8664,8424,0082,9642,1235,1274,955
Noncurrent Liabilities
Long-term debt and lease obligation5882,1993,18047   
Long-term debt, excluding current maturities 248 47   
Operating lease, liability5881,9513,180
Other undisclosed noncurrent liabilities(588)(1,951)     
Total noncurrent liabilities:5882,1993,18047   
Total liabilities:4,4547,0417,1883,0112,1235,1274,955
Stockholders' equity
Stockholders' equity attributable to parent10,2727,89814,36317,10921,84723,30223,583
Common stock16161616151516
Treasury stock, value(2,809)(2,809)(2,284)(2,062)(2,040)(567) 
Additional paid in capital73,68673,63873,52173,27173,24673,11272,989
Accumulated deficit(60,621)(62,947)(56,890)(54,116)(49,374)(49,258)(49,422)
Total stockholders' equity:10,2727,89814,36317,10921,84723,30223,583
TOTAL LIABILITIES AND EQUITY:14,72614,93921,55120,12023,97028,42928,538

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues17,23312,97718,91516,17519,47825,38424,848
Other income2,869      
Cost of revenue(10,733)(8,062)(12,118)(11,393)(9,854)(15,032)(15,802)
Cost of goods and services sold (7,232)(11,013)(9,803)(10,931)(16,367)(17,301)
Other undisclosed gross profit(663)   (1,077)(1,335)(1,499)
Gross profit:5,8374,9156,7974,7828,5479,0177,547
Operating expenses(6,180)(10,952)(9,598)(9,990)(9,384)(9,869)(9,318)
Operating loss:(343)(6,037)(2,801)(5,208)(837)(852)(1,771)
Nonoperating income (expense)2,781(7)194747261,036(34)
Other nonoperating income (expense) (7) 4747261,036(34)
Interest and debt expense(12)    (34)(247)
Other undisclosed income from continuing operations before equity method investments, income taxes     34247
Income (loss) from continuing operations before income taxes:2,426(6,044)(2,782)(4,734)(111)184(1,805)
Income tax expense (benefit)(112)(13)8(8)(5)(20)(36)
Income (loss) before gain (loss) on sale of properties:2,314(6,057)(2,774)(4,742)(116)164(1,841)
Other undisclosed net income124      
Net income (loss):2,438(6,057)(2,774)(4,742)(116)164(1,841)
Other undisclosed net loss attributable to parent(112)      
Net income (loss) available to common stockholders, diluted:2,326(6,057)(2,774)(4,742)(116)164(1,841)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,438(6,057)(2,774)(4,742)(116)164(1,841)
Comprehensive income (loss), net of tax, attributable to parent:2,438(6,057)(2,774)(4,742)(116)164(1,841)

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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