Orion Group Holdings Inc (ORN) financial statements (2022 and earlier)

Company profile

Business Address 12000 AEROSPACE SUITE 300
HOUSTON, TX 77034
State of Incorp.
Fiscal Year End December 31
SIC 16 - Heavy Construction Other Than Building Construction Contractors (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 investments12,2931,5891288,6849,0863051,345
Cash and cash equivalents12,2931,5891288,6849,0863051,345
Restricted cash and investments  958    
Receivables42,01337,516(838)(3,813)33913383
Inventory, net of allowances, customer advances and progress billings1,4281,5481,1141,0564,3865,3924,867
Inventory1,4281,5481,1141,0564,3865,3924,867
Contract with customer, asset28,52932,27141,389 
Deferred costs     625 
Assets held-for-sale, not part of disposal group     6,3756,375
Costs in excess of billings9,21746,00639,96859,608
Deferred tax assets  2,0133,108
Other undisclosed current assets113,671162,478169,214121,912131,972140,297117,731
Total current assets:197,934235,402211,965137,056191,789195,108193,117
Noncurrent Assets
Inventory, Noncurrent5,4186,4557,0377,5984,9153,9986,218
Finance lease, right-of-use asset14,56112,8587,896
Operating lease, right-of-use asset14,68618,87417,997
Property, plant and equipment106,654125,497132,348148,003146,278158,082165,989
Long-term investments and receivables     733222
Accounts and financing receivable, after allowance for credit loss     733222
Intangible assets, net (including goodwill)8,55610,07712,14714,78787,65888,38395,301
Goodwill    69,48366,35165,982
Intangible assets, net (excluding goodwill)8,55610,07712,14714,78718,17522,03229,319
Deferred income tax assets417085
Other noncurrent assets3,9004,9565,3695,4262,6451,3724,653
Total noncurrent assets:153,816178,787182,879175,814241,496252,568272,383
TOTAL ASSETS:351,750414,189394,844312,870433,285447,676465,500
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities87,412133,52888,91060,86363,32369,75875,681
Accounts payable48,21748,25270,42142,02345,19449,12352,719
Accrued liabilities38,59484,63716,96618,84017,87319,94622,149
Taxes payable6016391,523 256689813
Deferred revenue26,99833,13548,781
Debt42,5478,24511,4992,94622,75619,18812,459
Billings in excess of cost21,76133,92327,68128,484
Other undisclosed current liabilities4,7805,7055627361,9908931,671
Total current liabilities:161,737180,613149,75286,306121,992117,520118,295
Noncurrent Liabilities
Long-term debt and lease obligation22,80452,43685,38576,11963,18582,07798,188
Long-term debt, excluding current maturities25929,52368,02976,11963,18582,07798,188
Finance lease, liability10,9088,3763,760
Operating lease, liability11,63714,53713,596
Liabilities, other than long-term debt19,11121,64621,6868,86016,84221,87521,303
Deferred tax liabilities, net4913,24319,00019,345
Deferred income tax liabilities169207205
Other liabilities18,94219,83720,4368,7593,5732,4931,813
Derivative instruments and hedges, liabilities 1,6021,0455226382145
Total noncurrent liabilities:41,91574,082107,07184,97980,027103,952119,491
Total liabilities:203,652254,695256,823171,285202,019221,472237,786
Stockholders' equity
Stockholders' equity attributable to parent148,098159,494138,021141,585231,266226,204227,714
Common stock317312303296288283279
Treasury stock, value(6,540)(6,540)(6,540)(6,540)(6,540)(6,540)(6,540)
Additional paid in capital185,881184,324182,523179,742174,697171,079168,736
Accumulated other comprehensive loss (1,602)(1,045)(52)(26)(382)(145)
Retained earnings (accumulated deficit)(31,560)(17,000)(37,220)(31,861)62,84761,76465,384
Total stockholders' equity:148,098159,494138,021141,585231,266226,204227,714
TOTAL LIABILITIES AND EQUITY:351,750414,189394,844312,870433,285447,676465,500

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
Revenues601,360709,942708,390520,894578,553578,236466,498
Revenue, net520,894578,553578,236466,498
Cost of revenue
(Cost of Goods and Services Sold)
(560,393)(625,239)(644,349)(499,245)(511,663)(510,754)(426,316)
Gross profit:40,96784,70364,04121,64966,89067,48240,182
Operating expenses(50,284)(58,117)(61,848)(127,637)(65,352)(63,408)(47,715)
Other undisclosed operating income   5,448   
Operating income (loss):(9,317)26,5862,193(100,540)1,5384,074(7,533)
Nonoperating income (expense)(4,741)(4,390)(5,684)1,6924159536
Other nonoperating income (expense)199347771(6,115)(5,679)(6,113)(3,046)
Interest and debt expense(5,076)(4,920)(6,808)(7,943)(5,731)(6,175)(3,148)
Income (loss) from continuing operations before equity method investments, income taxes:(19,134)17,276(10,299)(106,791)(4,152)(2,042)(10,145)
Other undisclosed income (loss) from continuing operations before income taxes5,0764,9206,808136113(434)
Income (loss) from continuing operations before income taxes:(14,058)22,196(3,491)(106,655)(4,141)(2,039)(10,579)
Income tax expense (benefit)(502)(1,976)(1,868)12,2334,541(1,581)2,519
Net income (loss) available to common stockholders, diluted:(14,560)20,220(5,359)(94,422)400(3,620)(8,060)

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 (loss):(14,560)20,220(5,359)(94,422)400(3,620)(8,060)
Other comprehensive income (loss)1,602(557)(993)(26)356(237)(145)
Comprehensive income (loss):(12,958)19,663(6,352)(94,448)756(3,857)(8,205)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(368)128228    
Comprehensive income (loss), net of tax, attributable to parent:(13,326)19,791(6,124)(94,448)756(3,857)(8,205)

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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