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 investments2,2756,1632032,7871,1081,6632,241
Cash and cash equivalents2,2756,1632032,7871,1081,6632,241
Restricted cash and investments  10101010 
Receivables269160422789232474802
Other current assets7775875901,016496609503
Total current assets:3,3206,9111,2254,6031,8462,7563,546
Noncurrent Assets
Operating lease, right-of-use asset339448547
Property, plant and equipment4796157571185941,7952,827
Long-term investments and receivables3,2542,3711,500753   
Long-term investments3,2542,3711,500753   
Other noncurrent assets344227   541
Other undisclosed noncurrent assets1,4831,3741,274 533533 
Total noncurrent assets:5,5894,8494,1058711,1262,3283,367
TOTAL ASSETS:8,90911,7595,3305,4732,9725,0846,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,66223,12219,66112,5778,9486,4755,833
Accounts payable1,8174,1506,2382,7722,3971,3971,568
Accrued liabilities27,84418,97213,4239,8056,5515,0784,265
Debt22,78430,62031,57029,44924,36320,73215,059
Derivative instruments and hedges, liabilities      3,402
Deferred revenue and credits  383
Other undisclosed current liabilities163142     
Total current liabilities:52,60953,88451,23042,02633,31227,20724,677
Noncurrent Liabilities
Long-term debt and lease obligation18,78911,9683,578 3,0004,3363,141
Long-term debt, excluding current maturities18,47311,4892,957 3,0004,3363,141
Operating lease, liability316479621
Liabilities, other than long-term debt 3,8193,819 4,6444,6444,644
Deferred revenue and credits4,6444,6444,644
Deferred revenue 3,8193,819
Other undisclosed noncurrent liabilities(316)  4,644   
Total noncurrent liabilities:18,78915,7877,3974,6447,6448,9797,785
Total liabilities:71,39869,67158,62746,67040,95536,18732,462
Stockholders' equity
Stockholders' equity attributable to parent, including:(26,034)(27,628)(29,294)(21,887)(22,606)(18,987)(25,549)
Common stock1111111
Additional paid in capital249,056237,505221,027217,994212,103207,962204,438
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:8,90911,7595,3305,4732,9725,0846,913

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
Revenues9212,0383,0733,2761,2484,6835,330
Revenue, net1271,944
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)1,473273
Investment income, nonoperating4(728)(322)5603,4020
Other nonoperating income (expense)4,061(36)8204963467389
Interest and debt expense375(777)(290)(3,142)(2,727)(2,397)891
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(375)7772903,1422,7272,397(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 investments883871     
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 interest6,1716,2805,0603,9323,2622,7623,044
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 interest6,1716,2805,0603,9323,2622,7623,044
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.

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