Odyssey Marine Exploration, Inc. (OMEX) financial statements (2021 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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6031223
Cash and cash equivalents6031223
Restricted cash and investments 0000 1
Receivables0010016
Inventory, net of allowances, customer advances and progress billings      1
Inventory      1
Prepaid expense      1
Deferred costs      0
Deposits current assets      0
Other current assets1110111
Other undisclosed current assets      (1)
Total current assets:71523411
Noncurrent Assets
Inventory, Noncurrent      5
Operating lease, right-of-use asset01
Property, plant and equipment1101237
Long-term investments and receivables221    
Long-term investments221    
Deposits noncurrent assets      1
Other noncurrent assets00   11
Other undisclosed noncurrent assets11 11 (1)
Total noncurrent assets:54112314
TOTAL ASSETS:125535725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2320139667
Accounts payable4632125
Accrued liabilities1913107542
Employee-related liabilities      0
Debt3132292421159
Derivative instruments and hedges, liabilities     32
Deferred revenue and credits  0 
Other undisclosed current liabilities0     (0)
Total current liabilities:54514233272519
Noncurrent Liabilities
Long-term debt and lease obligation124 34312
Long-term debt, excluding current maturities113 34312
Operating lease, liability01
Liabilities, other than long-term debt44 5555
Deferred revenue and credits5555
Deferred revenue44
Other undisclosed noncurrent liabilities  5    
Total noncurrent liabilities:167589816
Total liabilities:70594741363235
Stockholders' equity
Stockholders' equity attributable to parent, including:(28)(29)(22)(23)(19)(26)(10)
Common stock0000000
Additional paid in capital238221218212208204198
Accumulated deficit(265)(250)(240)(235)(227)(221)(202)
Other undisclosed stockholders' equity attributable to parent     (9)(6)
Stockholders' equity attributable to noncontrolling interest(30)(24)(19)(15)(12) 6
Other undisclosed stockholders' equity     9 
Total stockholders' equity:(58)(53)(41)(38)(31)(16)(4)
Other undisclosed liabilities and equity     (9)(6)
TOTAL LIABILITIES AND EQUITY:125535725

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2331551
Revenue, net0021
Cost of revenue(11)(8)(5)(4)(8)(0) 
Cost of goods and services sold     (0) 
Gross profit:(9)(5)(1)(2)(4)51
Operating expenses(4)(5)(5)(6)(7)(27)(30)
Other undisclosed operating income     0 
Operating loss:(13)(10)(6)(8)(11)(22)(28)
Nonoperating income (expense)(8)(5)(3)(3)10(1)
Investment income, nonoperating(1)(0)00300
Other nonoperating income (expense)(0)10000(1)
Interest and debt expense(1)(0)(3)(3)(2)1(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes10332(1)2
Loss from continuing operations before equity method investments, income taxes:(21)(15)(9)(11)(9)(21)(29)
Income (loss) from equity method investments1     (1)
Loss from continuing operations before income taxes:(20)(15)(9)(11)(9)(21)(30)
Income tax benefit      0
Loss before gain (loss) on sale of properties:(20)(15)(9)(11)(9)(21)(29)
Other undisclosed net income (loss)(1)     1
Net loss:(21)(15)(9)(11)(9)(21)(29)
Net income attributable to noncontrolling interest6543332
Net loss available to common stockholders, diluted:(15)(10)(5)(8)(6)(18)(26)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(21)(15)(9)(11)(9)(21)(29)
Comprehensive loss:(21)(15)(9)(11)(9)(21)(29)
Comprehensive income, net of tax, attributable to noncontrolling interest6543332
Comprehensive loss, net of tax, attributable to parent:(15)(10)(5)(8)(6)(18)(26)

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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