Ocean Bio-Chem, Inc. (OBCI) Financial Statements (2024 and earlier)

Company Profile

Business Address 4041 SW 47TH AVE
FORT LAUDERDALE, FL 33314
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 2842 - Specialty Cleaning, Polishing, and Sanitation Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 12,68511,1246,1251,4012,4184,070
Cash and cash equivalents 12,68511,1246,1251,4012,4184,070
Restricted cash and investments  4771,8852,333  
Receivables 10,7569,8238,0946,7056,5486,122
Inventory, net of allowances, customer advances and progress billings 16,81913,1769,55512,0869,0748,601
Inventory 16,81913,1769,55512,0869,0748,601
Deferred tax assets  125
Other undisclosed current assets 2,0941,2609861,0113,761889
Total current assets: 42,35435,86026,64523,53521,80219,807
Noncurrent Assets
Operating lease, right-of-use asset 183269352
Property, plant and equipment 16,36010,1029,3389,6499,2924,896
Intangible assets, net (including goodwill) 1,3811,6651,9502,050897968
Intangible assets, net (excluding goodwill) 1,3811,6651,9502,050897968
Total noncurrent assets: 17,92312,03611,64011,69910,1895,864
TOTAL ASSETS: 60,27847,89638,28635,23531,99125,671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,8243,1092,2622,5812,6192,613
Taxes payable 45    1
Accounts payable 2,8781,9661,0471,4721,8071,512
Accrued liabilities 9011,1431,2151,1098121,100
Debt 737501483426240278
Other undisclosed current liabilities 908683   
Total current liabilities: 4,6503,6962,8293,0072,8592,892
Noncurrent Liabilities
Long-term debt and lease obligation, including: 7,7513,7304,1424,5144,08250
Other undisclosed long-term debt and lease obligation 7,6583,5483,8734,5144,08250
Liabilities, other than long-term debt 348380(311)280154213
Deferred tax liabilities, net280154213
Deferred income tax liabilities 348380(311)
Operating lease, liability 93183269
Other undisclosed noncurrent liabilities 93183892   
Total noncurrent liabilities: 8,1924,2934,7224,7944,236264
Total liabilities: 12,8427,9897,5527,8017,0953,156
Equity
Equity, attributable to parent 47,43639,90730,73427,43324,89622,515
Common stock 959594939391
Additional paid in capital 11,07810,81610,50310,2369,9329,605
Accumulated other comprehensive loss (292)(294)(294)(296)(288)(287)
Retained earnings 36,55629,29020,43117,40015,16013,106
Total equity: 47,43639,90730,73427,43324,89622,515
TOTAL LIABILITIES AND EQUITY: 60,27847,89638,28635,23531,99125,671

Income Statement (P&L) ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 64,29955,56142,25941,80038,93336,205
Revenue, net38,93336,205
Cost of revenue (40,002)(32,060)(26,659)(837)(24,437)(22,332)
Cost of goods and services sold (40,002)(32,060)(26,659)(27,402)(24,437)(22,332)
Other undisclosed gross profit    (26,565)  
Gross profit: 24,29723,50115,60014,39714,49713,874
Operating expenses (13,438)(11,338)(10,987)(10,689)(10,821)(10,778)
Operating income: 10,85912,1644,6133,7083,6753,096
Interest and debt expense (149)(132)(119)(122) (18)
Other undisclosed income from continuing operations before equity method investments, income taxes  201  2 
Income from continuing operations before income taxes: 10,71012,2324,4953,5863,6773,078
Income tax expense (2,306)(2,616)(996)(791)(1,074)(983)
Income from continuing operations: 8,4049,6173,4992,7952,6042,095
Income before gain (loss) on sale of properties:8,4049,6173,4992,7952,6042,095
Net income available to common stockholders, diluted: 8,4049,6173,4992,7952,6042,095

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 8,4049,6173,4992,7952,6042,095
Other undisclosed comprehensive loss      (2)
Comprehensive income: 8,4049,6173,4992,7952,6042,093
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 201(8)(1) 
Comprehensive income, net of tax, attributable to parent: 8,4069,6173,5002,7882,6022,093

Statements Sources

The financial statements are based on the Company's filings with 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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