Odyssey Marine Exploration, Inc. (OMEX) financial statements (2022 and earlier)
Company profile
| Business Address |
205 S. HOOVER BLVD. TAMPA, FL 33609 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| SIC | 44 - Water Transportation (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 investments | 2,275 | 6,163 | 203 | 2,787 | 1,108 | 1,663 | 2,241 | ||
| Cash and cash equivalents | 2,275 | 6,163 | 203 | 2,787 | 1,108 | 1,663 | 2,241 | ||
| Restricted cash and investments | 10 | 10 | 10 | 10 | |||||
| Receivables | 269 | 160 | 422 | 789 | 232 | 474 | 802 | ||
| Other current assets | 777 | 587 | 590 | 1,016 | 496 | 609 | 503 | ||
| Total current assets: | 3,320 | 6,911 | 1,225 | 4,603 | 1,846 | 2,756 | 3,546 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 339 | 448 | 547 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 479 | 615 | 757 | 118 | 594 | 1,795 | 2,827 | ||
| Long-term investments and receivables | 3,254 | 2,371 | 1,500 | 753 | |||||
| Long-term investments | 3,254 | 2,371 | 1,500 | 753 | |||||
| Other noncurrent assets | 34 | 42 | 27 | 541 | |||||
| Other undisclosed noncurrent assets | 1,483 | 1,374 | 1,274 | 533 | 533 | ||||
| Total noncurrent assets: | 5,589 | 4,849 | 4,105 | 871 | 1,126 | 2,328 | 3,367 | ||
| TOTAL ASSETS: | 8,909 | 11,759 | 5,330 | 5,473 | 2,972 | 5,084 | 6,913 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 29,662 | 23,122 | 19,661 | 12,577 | 8,948 | 6,475 | 5,833 | ||
| Accounts payable | 1,817 | 4,150 | 6,238 | 2,772 | 2,397 | 1,397 | 1,568 | ||
| Accrued liabilities | 27,844 | 18,972 | 13,423 | 9,805 | 6,551 | 5,078 | 4,265 | ||
| Debt | 22,784 | 30,620 | 31,570 | 29,449 | 24,363 | 20,732 | 15,059 | ||
| Derivative instruments and hedges, liabilities | 3,402 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 383 | ||||
| Other undisclosed current liabilities | 163 | 142 | |||||||
| Total current liabilities: | 52,609 | 53,884 | 51,230 | 42,026 | 33,312 | 27,207 | 24,677 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 18,789 | 11,968 | 3,578 | 3,000 | 4,336 | 3,141 | |||
| Long-term debt, excluding current maturities | 18,473 | 11,489 | 2,957 | 3,000 | 4,336 | 3,141 | |||
| Operating lease, liability | 316 | 479 | 621 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 3,819 | 3,819 | 4,644 | 4,644 | 4,644 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 4,644 | 4,644 | 4,644 | ||
| Deferred revenue | 3,819 | 3,819 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (316) | 4,644 | |||||||
| Total noncurrent liabilities: | 18,789 | 15,787 | 7,397 | 4,644 | 7,644 | 8,979 | 7,785 | ||
| Total liabilities: | 71,398 | 69,671 | 58,627 | 46,670 | 40,955 | 36,187 | 32,462 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (26,034) | (27,628) | (29,294) | (21,887) | (22,606) | (18,987) | (25,549) | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Additional paid in capital | 249,056 | 237,505 | 221,027 | 217,994 | 212,103 | 207,962 | 204,438 | ||
| Accumulated deficit | (275,091) | (265,134) | (250,322) | (239,882) | (234,710) | (226,950) | (220,634) | ||
| Other undisclosed stockholders' equity attributable to parent | (9,353) | ||||||||
| Stockholders' equity attributable to noncontrolling interest | (36,455) | (30,283) | (24,003) | (19,309) | (15,377) | (12,116) | |||
| Other undisclosed stockholders' equity | 9,353 | ||||||||
| Total stockholders' equity: | (62,489) | (57,911) | (53,297) | (41,197) | (37,983) | (31,103) | (16,196) | ||
| Other undisclosed liabilities and equity | (9,353) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 8,909 | 11,759 | 5,330 | 5,473 | 2,972 | 5,084 | 6,913 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 921 | 2,038 | 3,073 | 3,276 | 1,248 | 4,683 | 5,330 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 12 | 7 | 1,944 | |
| Cost of revenue | (9,893) | (10,802) | (7,928) | (4,586) | (3,728) | (8,267) | (152) | |
| Cost of goods and services sold | (152) | |||||||
| Gross profit: | (8,972) | (8,764) | (4,855) | (1,310) | (2,479) | (3,584) | 5,178 | |
| Operating expenses | (5,980) | (3,871) | (5,492) | (4,757) | (5,878) | (6,967) | (26,854) | |
| Other undisclosed operating income | 152 | |||||||
| Operating loss: | (14,951) | (12,635) | (10,347) | (6,067) | (8,357) | (10,551) | (21,524) | |
| Nonoperating income (expense) | (1,177) | (8,457) | (5,153) | (3,037) | (2,664) | 1,473 | 273 | |
| Investment income, nonoperating | 4 | (728) | (322) | 56 | 0 | 3,402 | 0 | |
| Other nonoperating income (expense) | 4,061 | (36) | 820 | 49 | 63 | 467 | 389 | |
| Interest and debt expense | 375 | (777) | (290) | (3,142) | (2,727) | (2,397) | 891 | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (375) | 777 | 290 | 3,142 | 2,727 | 2,397 | (891) | |
| Loss from continuing operations before equity method investments, income taxes: | (16,128) | (21,092) | (15,500) | (9,104) | (11,021) | (9,078) | (21,251) | |
| Income from equity method investments | 883 | 871 | ||||||
| Loss before gain (loss) on sale of properties: | (15,245) | (20,222) | (15,500) | (9,104) | (11,021) | (9,078) | (21,251) | |
| Other undisclosed net loss | (883) | (871) | ||||||
| Net loss: | (16,128) | (21,092) | (15,500) | (9,104) | (11,021) | (9,078) | (21,251) | |
| Net income attributable to noncontrolling interest | 6,171 | 6,280 | 5,060 | 3,932 | 3,262 | 2,762 | 3,044 | |
| Net loss available to common stockholders, diluted: | (9,956) | (14,812) | (10,440) | (5,172) | (7,759) | (6,316) | (18,207) | |
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 loss: | (16,128) | (21,092) | (15,500) | (9,104) | (11,021) | (9,078) | (21,251) | |
| Comprehensive loss: | (16,128) | (21,092) | (15,500) | (9,104) | (11,021) | (9,078) | (21,251) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 6,171 | 6,280 | 5,060 | 3,932 | 3,262 | 2,762 | 3,044 | |
| Comprehensive loss, net of tax, attributable to parent: | (9,956) | (14,812) | (10,440) | (5,172) | (7,759) | (6,316) | (18,207) | |
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.