Stabilis Solutions, Inc. (SLNG) financial statements (2022 and earlier)

Company profile

Business Address 11750 KATY FREEWAY
HOUSTON, TX 77079
State of Incorp. FL
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (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 investments2,0601,8143,9792,1242,2892,1258,496
Cash and cash equivalents2,0601,8143,9792,1242,2891,6187,989
Short-term investments     507507
Restricted cash and investments    50  
Receivables10,3235,6625,9459116,0616,7176,853
Inventory, net of allowances, customer advances and progress billings386226209691,3271,1811,325
Inventory386226209691,3271,1811,325
Prepaid expense1,2219161,163    
Contract with customer, asset   344
Costs in excess of billings6,4345,8292,302
Other undisclosed current assets1,5432,1952,420433534349324
Total current assets:15,53310,81313,7163,88116,69516,20119,300
Noncurrent Assets
Finance lease, right-of-use asset856,781 
Operating lease, right-of-use asset273786 
Property, plant and equipment  60,3635526,9207,2987,915
Long-term investments and receivables12,32511,89710,5219,98010,94710,66311,104
Long-term investments12,32511,89710,5219,98010,94710,66311,104
Intangible assets, net (including goodwill)4,4534,4534,453 458527218
Goodwill4,4534,4534,453    
Intangible assets, net (excluding goodwill)    458527218
Other noncurrent assets 3263081461164649
Other undisclosed noncurrent assets54,66745,257965 785649 
Total noncurrent assets:71,80369,50076,61010,67819,22619,18319,286
TOTAL ASSETS:87,33680,31390,32614,55935,92135,38438,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13,1698,7569,7462,4789121,0935,173
Accounts payable5,5564,3954,728447  4,031
Accrued liabilities7,6134,3615,0181,114  666
Employee-related liabilities   7689121,093476
Taxes payable   89   
Other undisclosed accounts payable and accrued liabilities   60   
Debt  1,5582026241,8001,343
Due to related parties1,1683,351     
Billings in excess of cost1,7922081,629
Other liabilities      210
Other undisclosed current liabilities1,2902,1223,804 12,3359,798 
Total current liabilities:15,62714,22915,1082,68015,66312,8998,355
Noncurrent Liabilities
Long-term debt and lease obligation8,1461,172  5,5243,9004,200
Long-term debt, excluding current maturities7,753682  5,5243,9004,200
Finance lease, liability64  
Operating lease, liability329490 
Liabilities, other than long-term debt2,5042,8826,0771632133,0843,369
Deferred compensation liability, classified 59 163213260305
Deferred tax liabilities, net  2,8243,064
Deferred income tax liabilities 97 
Due to related parties2,4352,7266,077    
Other liabilities69      
Other undisclosed noncurrent liabilities  1,298    
Total noncurrent liabilities:10,6504,0547,3751635,7376,9847,569
Total liabilities:26,27718,28322,4832,84321,40019,88315,924
Temporary equity, carrying amount   4,4984,4384,3834,329
Stockholders' equity
Stockholders' equity attributable to parent61,05962,03067,8437,21810,08311,11818,333
Common stock1817179988
Treasury stock, value   (965)(916)(863)(792)
Additional paid in capital97,87591,27890,74814,01413,81112,61312,032
Accumulated other comprehensive income (loss)351122(291)(417)401(2)310
Retained earnings (accumulated deficit)(37,185)(29,387)(22,631)(5,423)(3,222)(638)6,775
Total stockholders' equity:61,05962,03067,8437,21810,08311,11818,333
TOTAL LIABILITIES AND EQUITY:87,33680,31390,32614,55935,92135,38438,586

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
Revenues77,16541,55047,0717,59147,13037,81249,083
Revenue, net47,13037,81249,083
Cost of revenue(59,481)(30,011)(31,926)(5,677)(44,702)(36,796)(42,493)
Cost of goods and services sold   (5,677)(44,702)(36,796)(42,493)
Gross profit:17,68411,53915,1451,9142,4281,0166,590
Operating expenses(26,731)(19,805)(20,575)(3,745)(6,939)(8,385)(8,931)
Operating loss:(9,047)(8,266)(5,430)(1,831)(4,511)(7,369)(2,341)
Nonoperating income (expense)1,224(57)97(140)(1,078)69(172)
Other nonoperating income (expense)1,224(57)97(116)   
Interest and debt expense1,086(497)111(24)(86)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,310)554(208)    
Loss from continuing operations before equity method investments, income taxes:(9,047)(8,266)(5,430)(1,995)(5,675)(7,300)(2,513)
Income from equity method investments2,1462,7051,257953656529741
Other undisclosed loss from continuing operations before income taxes(89)(939)(1,219)(328)(164)(245)(393)
Loss from continuing operations before income taxes:(6,990)(6,500)(5,392)(1,370)(5,183)(7,016)(2,165)
Income tax expense (benefit)(808)(256)(116)(291)2,955(44)(428)
Loss from continuing operations:(7,798)(6,756)(5,508)(1,661)(2,228)(7,060)(2,593)
Loss from discontinued operations   (896)   
Net loss:(7,798)(6,756)(5,508)(2,557)(2,228)(7,060)(2,593)
Net loss attributable to noncontrolling interest  (207)    
Net loss attributable to parent:(7,798)(6,756)(5,715)(2,557)(2,228)(7,060)(2,593)
Preferred stock dividends and other adjustments   (360)(356)(353)(349)
Net loss available to common stockholders, diluted:(7,798)(6,756)(5,715)(2,917)(2,584)(7,413)(2,942)

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:(7,798)(6,756)(5,508)(2,557)(2,228)(7,060)(2,593)
Other comprehensive income     158279
Other undisclosed comprehensive income (loss)229413(291)    
Comprehensive loss:(7,569)(6,343)(5,799)(2,557)(2,228)(6,902)(2,314)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (207)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (818)403(470)(820)
Comprehensive loss, net of tax, attributable to parent:(7,569)(6,343)(6,006)(3,375)(1,825)(7,372)(3,134)

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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