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

Company profile

Business Address 9811 KATY FREEWAY
HOUSTON, TX 77024
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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2171873416111442
Cash and cash equivalents2171873416111442
Receivables3223657688131113
Inventory, net of allowances, customer advances and progress billings35302835373635
Inventory35302835373635
Prepaid expense32551285
Disposal group, including discontinued operation  25    
Costs in excess of billings✕✕✕91958183
Other current assets37403240636065
Other undisclosed current assets392018    
Total current assets:363301207262307330342
Noncurrent Assets
Inventory, Noncurrent58616154534236
Operating lease, right-of-use asset6573✕✕✕✕✕
Property, plant and equipment383375370407413430399
Long-term investments and receivables2223548
Long-term investments   3548
Accounts and financing receivable, after allowance for credit loss222    
Intangible assets, net (including goodwill)77777784858695
Goodwill77777784848486
Intangible assets, net (excluding goodwill)   1129
Disposal group, including discontinued operation, noncurrent assets  299  
Other noncurrent assets981113221012
Other undisclosed noncurrent assets121    
Total noncurrent assets:595597524570586572551
TOTAL ASSETS:958898730832894902893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities124127120144172191205
Accounts payable71767288103119120
Accrued liabilities53514856697270
Employee-related liabilities      9
Taxes payable      6
Deferred revenue3355✕✕✕✕✕
Debt 21124496
Derivative instruments and hedges, liabilities      3
Disposal group, including discontinued operation  14    
Contract with customer, liability✕✕18✕✕✕✕
Other undisclosed current liabilities19  246(13)
Total current liabilities:176204163150180206201
Noncurrent Liabilities
Long-term debt and lease obligation, including:3703743221132
Long-term debt, excluding current maturities3243233223331177449
Operating lease, liability4651✕✕✕✕✕
Other undisclosed long-term debt and lease obligation   (332)(116)(72)(47)
Liabilities, other than long-term debt65530337594112
Deferred tax liabilities, net✕✕2326687492
Deferred income tax liabilities56 ✕✕✕✕✕
Disposal group, including discontinued operation, liabilities  0    
Other liabilities957772020
Other undisclosed noncurrent liabilities 36 427389347322
Total noncurrent liabilities:435414352461466444437
Total liabilities:611618515611646649637
Stockholders' equity
Stockholders' equity attributable to parent347279215221248252256
Common stock0000000
Treasury stock, value  (1)(1)(1)(1) 
Additional paid in capital305302295290286283278
Accumulated other comprehensive income (loss)10(4)0(1)(2)(1)
Retained earnings (accumulated deficit)41(23)(75)(67)(36)(28)(21)
Total stockholders' equity:347279215221248252256
TOTAL LIABILITIES AND EQUITY:958898730832894902893

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues734712621703768857807
Cost of revenue
(Cost of Goods and Services Sold)		(562)(558)(509)(653)(681)(761)(714)
Gross profit:17115411150869692
Operating expenses(63)(59)(55)(68)(66)(74)(72)
Other undisclosed operating income (loss)33(4)(5)(6)14
Operating income (loss):1129853(24)152324
Nonoperating expense(25)(27)(36)(31)(29)(32)(15)
Interest and debt expense(2)(2)(4)(3)(2)(2) 
Other undisclosed income from continuing operations before equity method investments, income taxes224322 
Income (loss) from continuing operations before equity method investments, income taxes:867116(54)(14)(9)9
Income (loss) from equity method investments   54(1)3
Other undisclosed income (loss) from continuing operations before income taxes   (5)(4)1(3)
Income (loss) from continuing operations before income taxes:867116(54)(14)(9)9
Income tax expense (benefit)(20)(15)(5)366212
Income (loss) from continuing operations:665611(19)(8)(6)21
Loss from discontinued operations (6)(17)(13)  (10)
Net income (loss) available to common stockholders, diluted:6649(6)(31)(8)(6)10

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):6649(6)(31)(8)(6)10
Other comprehensive income (loss)14(4)11(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:6753(10)(30)(7)(7)10

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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