Great Lakes Dredge & Dock Corporation (GLDD) financial statements (2022 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 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 investments145,459216,510186,99534,45815,85211,16714,184
Cash and cash equivalents145,459216,510186,99534,45815,85211,16714,184
Receivables39,84432,10622,56064,77975,53388,091130,777
Inventory, net of allowances, customer advances and progress billings30,76034,68930,18928,11234,60037,13735,963
Inventory30,76034,68930,18928,11234,60037,13735,963
Prepaid expense2,0173,0911,5254,7105,18312,4077,924
Disposal group, including discontinued operation   24,779   
Costs in excess of billings90,78895,01281,195
Other current assets26,39937,30739,65831,90740,22863,41259,690
Other undisclosed current assets82,95338,99019,78517,953   
Total current assets:327,432362,693300,712206,698262,184307,226329,733
Noncurrent Assets
Inventory, Noncurrent65,04958,41361,12661,26454,02352,60241,646
Operating lease, right-of-use asset62,23365,18872,612
Property, plant and equipment455,102383,042374,596369,863407,294413,008430,210
Long-term investments and receivables 2,1122,1122,1122,7144,7343,761
Long-term investments    2,7144,7343,761
Accounts and financing receivable, after allowance for credit loss 2,1122,1122,112   
Intangible assets, net (including goodwill)76,57676,57676,57676,57684,48485,07586,004
Goodwill76,57676,57676,57676,57683,57683,57683,576
Intangible assets, net (excluding goodwill)    9081,4992,428
Disposal group, including discontinued operation, noncurrent assets   1,5738,5309,299 
Other noncurrent assets11,2789,2127,96010,76013,12821,64410,271
Other undisclosed noncurrent assets 7881,8581,425   
Total noncurrent assets:670,238595,331596,840523,573570,173586,362571,892
TOTAL ASSETS:997,670958,024897,552730,271832,357893,588901,625
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities123,192124,207127,316119,888143,877172,228191,123
Accounts payable85,56671,30876,09171,53787,659103,185118,846
Accrued liabilities37,62652,89951,22548,35156,21869,04372,277
Deferred revenue14,81432,60855,266
Debt  21,35111,5004,3043,7858,799
Disposal group, including discontinued operation   13,940   
Contract with customer, liability17,793
Other undisclosed current liabilities16,72919,472  2,0693,8215,768
Total current liabilities:154,735176,287203,933163,121150,250179,834205,690
Noncurrent Liabilities
Long-term debt and lease obligation, including:366,957369,614373,974321,9507721,3602,679
Long-term debt, excluding current maturities320,971323,735322,843321,950333,141117,40474,382
Operating lease, liability45,98645,87951,131
Other undisclosed long-term debt and lease obligation    (332,369)(116,044)(71,703)
Liabilities, other than long-term debt76,98165,4554,50630,27232,67075,46294,471
Deferred tax liabilities, net22,84625,56168,44974,006
Deferred income tax liabilities68,49756,466 
Disposal group, including discontinued operation, liabilities   146   
Other liabilities8,4848,9894,5067,2807,1097,01320,465
Other undisclosed noncurrent liabilities  35,740 427,369389,042346,612
Total noncurrent liabilities:443,938435,069414,220352,222460,811465,864443,762
Total liabilities:598,673611,356618,153515,343611,061645,698649,452
Stockholders' equity
Stockholders' equity attributable to parent398,997346,668279,399214,928221,296247,890252,173
Common stock6666666
Treasury stock, value   (1,433)(1,433)(1,433)(1,433)
Additional paid in capital308,482304,757302,189295,135289,821286,303283,247
Accumulated other comprehensive income (loss)140968295(3,809)3(1,145)(1,983)
Retained earnings (accumulated deficit)90,36940,937(23,091)(74,971)(67,101)(35,841)(27,664)
Total stockholders' equity:398,997346,668279,399214,928221,296247,890252,173
TOTAL LIABILITIES AND EQUITY:997,670958,024897,552730,271832,357893,588901,625

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
Revenues726,149733,601711,518620,795702,503767,585856,878
Cost of revenue
(Cost of Goods and Services Sold)
(580,879)(562,373)(557,761)(509,335)(652,620)(681,197)(760,955)
Gross profit:145,270171,228153,757111,46049,88386,38895,923
Operating expenses(61,840)(62,757)(59,110)(55,108)(68,331)(65,533)(73,819)
Other undisclosed operating income (loss) 3,2943,481(3,731)(5,077)(6,175)855
Operating income (loss):83,430111,76598,12852,621(23,525)14,68022,959
Nonoperating expense(20,607)(25,475)(27,207)(36,168)(30,648)(28,649)(31,645)
Interest and debt expense (1,611)(2,231)(3,504)(3,280)(2,438)(1,729)
Other undisclosed income from continuing operations before equity method investments, income taxes 1,6112,2313,5043,2802,4381,729
Income (loss) from continuing operations before equity method investments, income taxes:62,82386,29070,92116,453(54,173)(13,969)(8,686)
Income (loss) from equity method investments    5,0084,494(771)
Other undisclosed income (loss) from continuing operations before income taxes    (5,008)(4,494)771
Income (loss) from continuing operations before income taxes:62,82386,29070,92116,453(54,173)(13,969)(8,686)
Income tax expense (benefit)(13,391)(20,187)(15,253)(5,437)35,6105,7922,497
Income (loss) from continuing operations:49,43266,10355,66811,016(18,563)(8,177)(6,189)
Loss from discontinued operations  (6,329)(17,309)(12,697)  
Net income (loss) available to common stockholders, diluted:49,43266,10349,339(6,293)(31,260)(8,177)(6,189)

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):49,43266,10349,339(6,293)(31,260)(8,177)(6,189)
Other comprehensive income (loss)(828)6734,104(3,812)1,148838(1,249)
Comprehensive income (loss), net of tax, attributable to parent:48,60466,77653,443(10,105)(30,112)(7,339)(7,438)

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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