Great Lakes Dredge & Dock Corporation (GLDD) financial statements (2021 and earlier)

Company profile

Business Address 2122 YORK ROAD
OAK BROOK, IL 60523
State of Incorp. DE
Fiscal Year End December 31
SIC 16 - Heavy Construction Other Than Building Construction Contractors (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 investments187341611144275
Cash and cash equivalents187341611144275
Receivables2365768813111397
Inventory, net of allowances, customer advances and progress billings30283537363533
Inventory30283537363533
Prepaid expense25512854
Disposal group, including discontinued operation 25    15
Assets held-for-sale45
Costs in excess of billings9195818367
Other current assets40324063606540
Other undisclosed current assets2018    (15)
Total current assets:301207262307330342361
Noncurrent Assets
Inventory, Noncurrent61615453423638
Operating lease, right-of-use asset73
Property, plant and equipment375370407413430399346
Long-term investments and receivables2235488
Long-term investments  35488
Accounts and financing receivable, after allowance for credit loss22     
Intangible assets, net (including goodwill)77778485869581
Goodwill77778484848679
Intangible assets, net (excluding goodwill)  11292
Disposal group, including discontinued operation, noncurrent assets 299  
Other noncurrent assets811132210129
Assets held-for-sale, long lived11
Other undisclosed noncurrent assets21    (2)
Total noncurrent assets:597524570586572551492
TOTAL ASSETS:898730832894902893853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities127120144172191205172
Accounts payable767288103119120116
Accrued liabilities51485669727039
Employee-related liabilities     914
Taxes payable     64
Deferred revenue55
Debt21124496 
Derivative instruments and hedges, liabilities     3 
Disposal group, including discontinued operation 14     
Contract with customer, liability18
Other undisclosed current liabilities  246(13)22
Total current liabilities:204163150180206201194
Noncurrent Liabilities
Long-term debt and lease obligation, including:3743221132285
Long-term debt, excluding current maturities3233223331177449285
Operating lease, liability51
Other undisclosed long-term debt and lease obligation  (332)(116)(72)(47) 
Liabilities, other than long-term debt530337594112130
Deferred tax liabilities, net2326687492109
Disposal group, including discontinued operation, liabilities 0     
Other liabilities5777202022
Other undisclosed noncurrent liabilities36 4273893473221
Total noncurrent liabilities:414352461466444437417
Total liabilities:618515611646649637611
Stockholders' equity
Stockholders' equity attributable to parent279215221248252256243
Common stock0000000
Treasury stock, value (1)(1)(1)(1)  
Additional paid in capital302295290286283278275
Accumulated other comprehensive income (loss)0(4)0(1)(2)(1)(0)
Accumulated deficit(23)(75)(67)(36)(28)(21)(32)
Stockholders' equity attributable to noncontrolling interest      (1)
Total stockholders' equity:279215221248252256242
TOTAL LIABILITIES AND EQUITY:898730832894902893853

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
Revenues712621703768857807731
Cost of revenue
(Cost of Goods and Services Sold)
(558)(509)(653)(681)(761)(714)(631)
Gross profit:15411150869692100
Operating expenses(59)(55)(68)(66)(74)(72)(24)
Other undisclosed operating income (loss)3(4)(5)(6)14(25)
Operating income (loss):9853(24)15232451
Nonoperating expense(27)(36)(31)(29)(32)(15)(21)
Interest and debt expense(2)(4)(3)(2)(2)  
Other undisclosed income from continuing operations before equity method investments, income taxes24322  
Income (loss) from continuing operations before equity method investments, income taxes:7116(54)(14)(9)930
Income (loss) from equity method investments  54(1)31
Other undisclosed income (loss) from continuing operations before income taxes  (5)(4)1(3)(1)
Income (loss) from continuing operations before income taxes:7116(54)(14)(9)930
Income tax expense (benefit)(15)(5)366212(10)
Income (loss) from continuing operations:5611(19)(8)(6)2120
Loss from discontinued operations(6)(17)(13)  (10)(55)
Net income (loss):49(6)(31)(8)(6)10(35)
Net income attributable to noncontrolling interest      1
Net income (loss) available to common stockholders, diluted:49(6)(31)(8)(6)10(34)

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(6)(31)(8)(6)10(35)
Other comprehensive income (loss)4(4)11(1)(0)(0)
Comprehensive income (loss):53(10)(30)(7)(7)10(35)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (1)
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:53(10)(30)(7)(7)10(34)

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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