Gulfmark Offshore Inc (GLF) financial statements (2021 and earlier)

Company profile

Business Address 10111 RICHMOND AVE
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
SIC 3533 - Oil and Gas Field Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments659225161185
Cash and cash equivalents659225161185
Receivables1720398910086
Inventory, net of allowances, customer advances and progress billings17  
Inventory17    
Prepaid expense44   
Prepaid expense and other current assets25
Other current assets53   
Other undisclosed current assets11102627299
Total current assets:1045387167190305
Noncurrent Assets
Property, plant and equipment3649711,1961,3571,3171,136
Intangible assets, net (including goodwill)   414955
Goodwill   253133
Intangible assets, net (excluding goodwill)   161922
Defined benefit plan, assets for plan benefits    0
Other undisclosed noncurrent assets53071103178169
Total noncurrent assets:3681,0011,2661,5001,5441,361
Other undisclosed assets  17493980
TOTAL ASSETS:4721,0541,3701,7161,7731,746
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities254248675059
Accounts payable131213222729
Accrued liabilities59510  
Employee-related liabilities5913202024
Taxes payable246536
Interest and dividends payable081010  
Debt 483    
Restructuring reserve7   
Other undisclosed current liabilities    2321
Total current liabilities:3252548677480
Noncurrent Liabilities
Long-term debt and lease obligation   545501501
Long-term debt, excluding current maturities   545501501
Liabilities, other than long-term debt461103138138138
Pension and other postretirement defined benefit plans, liabilities22
Deferred tax liabilities, net35899104105106
Liability for uncertainty in income taxes   252422
Liability, pension and other postretirement and postemployment benefits   2
Other liabilities134678
Total noncurrent liabilities:461103682639639
Total liabilities:37587151750712718
Stockholders' equity
Stockholders' equity attributable to parent, including:3244506989691,0631,028
Common stock000000
Treasury stock, value(0)(65)(76)(78)(19)(12)
Additional paid in capital318412417411402390
Deferred compensation equity     (10)
Accumulated other comprehensive income (loss)3(148)(96)(31)5060
Retained earnings4241444659623579
Other undisclosed stockholders' equity attributable to parent0998621
Total stockholders' equity:3244506989691,0631,028
Other undisclosed liabilities and equity11118521(2)(2)(1)
TOTAL LIABILITIES AND EQUITY:4721,0541,3701,7161,7731,746

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 124275496455389
Cost of revenue (96)(186)(268)(245)(229)
Cost of goods and services sold (83)(170)(268)(245)(222)
Gross profit: 2788228210160
Operating expenses (259)(272)(133)(112)(109)
Other undisclosed operating income   73 
Operating income (loss): (231)(184)10210051
Nonoperating expense (11)(37)(30)(25)(29)
Interest and debt expense 360(29)(24)(28)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (36)(0)292428
Income (loss) from continuing operations before income taxes: (242)(221)727622
Income tax expense (benefit)15396(9)(5)(3)
Net income (loss) attributable to parent:15(203)(215)627119
Preferred stock dividends and other adjustments     (0)
Other undisclosed net loss available to common stockholders, basic    (0) 
Net income (loss) available to common stockholders, diluted:15(203)(215)627119

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):15(203)(215)627119
Comprehensive income (loss):15(203)(215)627119
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (52)(66)(81)(10)29
Comprehensive income (loss), net of tax, attributable to parent:15(255)(281)(18)6148

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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