Ocean Bio-Chem, Inc. (OBCI) financial statements (2022 and earlier)

Company profile

Business Address 4041 SW 47TH AVE
FORT LAUDERDALE, FL 33314
State of Incorp. FL
Fiscal Year End December 31
SIC 2842 - Specialty Cleaning, Polishing, and Sanitation Preparations (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 investments12,68511,1246,1251,4012,4184,0702,468
Cash and cash equivalents12,68511,1246,1251,4012,4184,0702,468
Restricted cash and investments 4771,8852,333   
Receivables10,7569,8238,0946,7056,5486,1226,143
Inventory, net of allowances, customer advances and progress billings16,81913,1769,55512,0869,0748,6017,915
Inventory16,81913,1769,55512,0869,0748,6017,915
Prepaid expense      40
Deferred tax assets  125 
Other undisclosed current assets2,0941,2609861,0113,7618891,028
Total current assets:42,35435,86026,64523,53521,80219,80717,595
Noncurrent Assets
Operating lease, right-of-use asset183269352
Property, plant and equipment16,36010,1029,3389,6499,2924,8965,356
Intangible assets, net (including goodwill)1,3811,6651,9502,050897968 
Intangible assets, net (excluding goodwill)1,3811,6651,9502,050897968 
Other noncurrent assets      1,038
Total noncurrent assets:17,92312,03611,64011,69910,1895,8646,394
TOTAL ASSETS:60,27847,89638,28635,23531,99125,67123,989
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8243,1092,2622,5812,6192,6132,200
Accounts payable2,8781,9661,0471,4721,8071,5121,102
Accrued liabilities9011,1431,2151,1098121,1001,099
Taxes payable45    1 
Debt737501483426240278451
Other undisclosed current liabilities908683    
Total current liabilities:4,6503,6962,8293,0072,8592,8922,652
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,7513,7304,1424,5144,08250329
Operating lease, liability93183269
Other undisclosed long-term debt and lease obligation7,6583,5483,8734,5144,08250329
Liabilities, other than long-term debt348380(311)280154213365
Deferred tax liabilities, net280154213365
Deferred income tax liabilities348380(311)
Other undisclosed noncurrent liabilities93183892    
Total noncurrent liabilities:8,1924,2934,7224,7944,236264694
Total liabilities:12,8427,9897,5527,8017,0953,1563,345
Stockholders' equity
Stockholders' equity attributable to parent, including:47,43639,90730,73427,43324,89622,51520,644
Common stock95959493939190
Additional paid in capital11,07810,81610,50310,2369,9329,60550
Accumulated other comprehensive loss(292)(294)(294)(296)(288)(287)(284)
Retained earnings36,55629,29020,43117,40015,16013,10611,551
Other undisclosed stockholders' equity attributable to parent      9,238
Total stockholders' equity:47,43639,90730,73427,43324,89622,51520,644
TOTAL LIABILITIES AND EQUITY:60,27847,89638,28635,23531,99125,67123,989

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
Revenues64,29955,56142,25941,80038,93336,20533,987
Revenue, net38,93336,20533,987
Cost of revenue(40,002)(32,060)(26,659)(837)(24,437)(22,332)(22,648)
Cost of goods and services sold(40,002)(32,060)(26,659)(27,402)(24,437)(22,332)(22,648)
Other undisclosed gross profit   (26,565)   
Gross profit:24,29723,50115,60014,39714,49713,87411,340
Operating expenses(13,438)(11,338)(10,987)(10,689)(10,821)(10,778)(10,590)
Operating income:10,85912,1644,6133,7083,6753,096750
Nonoperating expense
(Other Nonoperating expense)
      (13)
Interest and debt expense(149)(132)(119)(122) (18)(34)
Other undisclosed income from continuing operations before equity method investments, income taxes 201  2  
Income from continuing operations before income taxes:10,71012,2324,4953,5863,6773,078703
Income tax expense(2,306)(2,616)(996)(791)(1,074)(983)(243)
Net income available to common stockholders, diluted:8,4049,6173,4992,7952,6042,095461

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:8,4049,6173,4992,7952,6042,095461
Other undisclosed comprehensive loss     (2)(5)
Comprehensive income:8,4049,6173,4992,7952,6042,093455
Other undisclosed comprehensive income (loss), net of tax, attributable to parent201(8)(1)  
Comprehensive income, net of tax, attributable to parent:8,4069,6173,5002,7882,6022,093455

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: