Gulf Island Fabrication, Inc. (GIFI) financial statements (2021 and earlier)

Company profile

Business Address 16225 PARK TEN PLACE, SUITE 280
HOUSTON, TX 77084
State of Incorp. LA
Fiscal Year End December 31
SIC 344 - Fabricated Structural Metal Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:7079951353637
Cash and cash equivalents5070951353637
Short-term investments209     
Other undisclosed cash, cash equivalents, and short-term investments(0)      
Receivables262328204782 
Inventory, net of allowances, customer advances and progress billings36512131011
Inventory36512131011
Prepaid expense4343355
Contract with customer, asset5230
Disposal group, including discontinued operation9    10 
Assets held-for-sale, not part of disposal group 19105 5
Income taxes receivable1
Costs in excess of billings2827132725
Other undisclosed current assets0   03123
Total current assets:163160179113116172202
Noncurrent Assets
Property, plant and equipment708089206200225224
Other noncurrent assets191833111
Assets held-for-sale, long lived15
Other undisclosed noncurrent assets      (15)
Total noncurrent assets:899892209201225224
TOTAL ASSETS:253258271322317398426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities72393119215377
Accounts payable6229189144066
Accrued liabilities10101310154
Employee-related liabilities    788
Taxes payable  000  
Deferred revenue26
Provision for loss on contracts  8091 
Deferred revenue and credits512   
Billings in excess of cost5471935
Contract with customer, liability17
Total current liabilities:985649353873112
Noncurrent Liabilities
Liabilities, other than long-term debt2131223938
Deferred revenue and credits10   
Deferred tax liabilities, net   223938
Other liabilities2120   
Other undisclosed noncurrent liabilities   23   
Total noncurrent liabilities:21324223938
Total liabilities:10057515960112151
Stockholders' equity
Stockholders' equity attributable to parent153201219263257286276
Common stock11111111101010
Additional paid in capital10310210099969493
Retained earnings3888108154151182172
Total stockholders' equity:153201219263257286276
TOTAL LIABILITIES AND EQUITY:253258271322317398426

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues303221171286306507608
Cost of revenue(320)(228)(214)(261)(321)(462)(585)
Cost of goods and services sold(320)(228)(214)(261)(321)(465)(585)
Gross profit:(17)(7)(43)25(15)4524
Operating expenses(16)(19)(18)(20)(16)(24)(12)
Other operating income, net0      
Other undisclosed operating income (loss)(18)7(8) (7)30
Operating income (loss):(50)(20)(68)5(39)2412
Nonoperating income (expense)  (1)0(0)(0)(1)
Investment income, nonoperating   0000
Other nonoperating income (expense)  (0)10(0)(0)
Interest and debt expense (0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes1 00000
Income (loss) from continuing operations before income taxes:(49)(20)(69)6(39)2412
Income tax expense (benefit)0(1)24(2)13(9)(4)
Net income (loss) attributable to parent:(49)(20)(45)4(25)157
Other undisclosed net loss available to common stockholders, basic  (0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(49)(20)(45)3(25)157

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(49)(20)(45)4(25)157
Comprehensive income (loss), net of tax, attributable to parent:(49)(20)(45)4(25)157

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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