Ocean Bio-Chem, Inc. (OBCI) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,1251,4012,4184,0702,4683,0633,072
Cash and cash equivalents6,1251,4012,4184,0702,4683,0633,072
Restricted cash and investments1,8852,333     
Receivables8,0946,7056,5486,1226,1435,5654,414
Inventory, net of allowances, customer advances and progress billings9,55512,0869,0748,6017,9158,1097,368
Inventory9,55512,0869,0748,6017,9158,1097,368
Prepaid expense    40  
Deferred tax assets  125   
Other undisclosed current assets9861,0113,7618891,0289681,222
Total current assets:26,64523,53521,80219,80717,59517,70616,076
Noncurrent Assets
Operating lease, right-of-use asset352
Property, plant and equipment9,3389,6499,2924,8965,3565,1735,116
Intangible assets, net (including goodwill)1,9502,050897968 1,095920
Intangible assets, net (excluding goodwill)1,9502,050897968 1,095920
Other noncurrent assets    1,0387131
Total noncurrent assets:11,64011,69910,1895,8646,3946,2756,168
TOTAL ASSETS:38,28635,23531,99125,67123,98923,98022,243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2622,5812,6192,6132,2002,8281,187
Accounts payable1,0471,4721,8071,5121,1021,440 
Accrued liabilities1,2151,1098121,1001,0991,1161,067
Employee-related liabilities     256 
Taxes payable   1 16120
Debt483426240278451426415
Other undisclosed current liabilities83    (256)1,014
Total current liabilities:2,8293,0072,8592,8922,6522,9982,616
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,1424,5144,082503296921,118
Operating lease, liability269
Other undisclosed long-term debt and lease obligation3,8734,5144,082503296921,118
Liabilities, other than long-term debt(311)280154213365259238
Deferred tax liabilities, net280154213365259238
Deferred income tax liabilities(311)
Other undisclosed noncurrent liabilities892      
Total noncurrent liabilities:4,7224,7944,2362646949511,355
Total liabilities:7,5527,8017,0953,1563,3453,9483,971
Stockholders' equity
Stockholders' equity attributable to parent, including:30,73427,43324,89622,51520,64420,03218,044
Common stock94939391908987
Treasury stock, value      (65)
Additional paid in capital10,50310,2369,9329,605509,1328,805
Accumulated other comprehensive loss(294)(296)(288)(287)(284)(279)(266)
Retained earnings20,43117,40015,16013,10611,55111,0909,482
Other undisclosed stockholders' equity attributable to parent    9,238  
Stockholders' equity attributable to noncontrolling interest      228
Total stockholders' equity:30,73427,43324,89622,51520,64420,03218,272
TOTAL LIABILITIES AND EQUITY:38,28635,23531,99125,67123,98923,98022,243

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues42,25941,80038,93336,20533,98733,92732,703
Revenue, net38,93336,20533,98733,92732,703
Cost of revenue(26,659)(837)(24,437)(22,332)(22,648)(23,187)(23,045)
Cost of goods and services sold(26,659)(27,402)(24,437)(22,332)(22,648)(23,187)(23,045)
Other undisclosed gross profit (26,565)   1,3901,230
Gross profit:15,60014,39714,49713,87411,34012,13010,889
Operating expenses(10,987)(10,689)(10,821)(10,778)(10,590)(9,107)(8,577)
Operating income:4,6133,7083,6753,0967503,0232,312
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
    (13) 6
Interest and debt expense(119)(122) (18)(34)(43)(67)
Other undisclosed income from continuing operations before equity method investments, income taxes  2    
Income from continuing operations before income taxes:4,4953,5863,6773,0787032,9802,251
Income tax expense(996)(791)(1,074)(983)(243)(949)(816)
Net income:3,4992,7952,6042,0954612,0311,435
Net income attributable to noncontrolling interest     1726
Net income available to common stockholders, diluted:3,4992,7952,6042,0954612,0481,461

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:3,4992,7952,6042,0954612,0311,435
Other undisclosed comprehensive loss   (2)(5)(13)(5)
Comprehensive income:3,4992,7952,6042,0934552,0181,431
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     17(26)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(8)(1)   51
Comprehensive income, net of tax, attributable to parent:3,5002,7882,6022,0934552,0351,456

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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