Stabilis Solutions, Inc. (SLNG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
11750 KATY FREEWAY HOUSTON, TX 77079 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4924 - Natural Gas Distribution (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11,451 | 2,060 | 1,814 | 3,979 | 2,124 | 2,289 | |||
| Cash and cash equivalents | 11,451 | 2,060 | 1,814 | 3,979 | 2,124 | 2,289 | |||
| Restricted cash and investments | 50 | ||||||||
| Receivables | 16,326 | 10,323 | 5,662 | 5,945 | 911 | 6,061 | |||
| Inventory, net of allowances, customer advances and progress billings | 205 | 386 | 226 | 209 | 69 | 1,327 | |||
| Inventory | 205 | 386 | 226 | 209 | 69 | 1,327 | |||
| Prepaid expense | 1,063 | 1,221 | 916 | 1,163 | |||||
| Contract with customer, asset, after allowance for credit loss | 344 | ✕ | |||||||
| Derivative instruments and hedges, assets | 347 | ||||||||
| Asset, held-for-sale, not part of disposal group | 2,049 | ||||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,434 | ||
| Other current assets | |||||||||
| Other undisclosed current assets | 776 | 1,543 | 2,195 | 2,420 | 433 | 534 | |||
| Total current assets: | 32,217 | 15,533 | 10,813 | 13,716 | 3,881 | 16,695 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 64 | 85 | 6,781 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 273 | 786 | ✕ | ✕ | |||||
| Property, plant and equipment | 60,363 | 552 | 6,920 | ||||||
| Long-term investments and receivables | 11,606 | 12,325 | 11,897 | 10,521 | 9,980 | 10,947 | |||
| Long-term investments | 11,606 | 12,325 | 11,897 | 10,521 | 9,980 | 10,947 | |||
| Intangible assets, net (including goodwill) | 4,314 | 4,453 | 4,453 | 4,453 | 458 | ||||
| Goodwill | 4,314 | 4,453 | 4,453 | 4,453 | |||||
| Intangible assets, net (excluding goodwill) | 458 | ||||||||
| Other noncurrent assets | 326 | 308 | 146 | 116 | |||||
| Other undisclosed noncurrent assets | 48,379 | 54,667 | 45,257 | 965 | 785 | ||||
| Total noncurrent assets: | 64,363 | 71,803 | 69,500 | 76,610 | 10,678 | 19,226 | |||
| TOTAL ASSETS: | 96,580 | 87,336 | 80,313 | 90,326 | 14,559 | 35,921 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 24,116 | 13,169 | 8,756 | 9,746 | 2,478 | 912 | |||
| Taxes payable | ✕ | ✕ | 89 | ||||||
| Employee-related liabilities | ✕ | ✕ | 768 | 912 | |||||
| Accounts payable | 4,474 | 5,556 | 4,395 | 4,728 | 447 | ||||
| Accrued liabilities | 19,642 | 7,613 | 4,361 | 5,018 | 1,114 | ||||
| Other undisclosed accounts payable and accrued liabilities | 60 | ||||||||
| Debt | 1,558 | 202 | 624 | ||||||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,792 | ||
| Due to related parties | 2,435 | 1,168 | 3,351 | ||||||
| Other undisclosed current liabilities | 981 | 1,290 | 2,122 | 3,804 | 12,335 | ||||
| Total current liabilities: | 27,532 | 15,627 | 14,229 | 15,108 | 2,680 | 15,663 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,692 | 8,146 | 1,172 | 5,524 | |||||
| Long-term debt, excluding current maturities | 8,650 | 7,753 | 682 | 5,524 | |||||
| Finance lease, liability | 42 | 64 | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 489 | 2,504 | 2,882 | 6,077 | 163 | 213 | |||
| Deferred compensation liability, classified | 59 | 163 | 213 | ||||||
| Deferred income tax liabilities | 97 | ✕ | ✕ | ||||||
| Due to related parties | 2,435 | 2,726 | 6,077 | ||||||
| Other liabilities | 348 | 69 | |||||||
| Operating lease, liability | 141 | 329 | 490 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 1,298 | ||||||||
| Total noncurrent liabilities: | 9,181 | 10,650 | 4,054 | 7,375 | 163 | 5,737 | |||
| Total liabilities: | 36,713 | 26,277 | 18,283 | 22,483 | 2,843 | 21,400 | |||
| Temporary equity, carrying amount | 4,498 | 4,438 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 59,867 | 61,059 | 62,030 | 67,843 | 7,218 | 10,083 | |||
| Common stock | 19 | 18 | 17 | 17 | 9 | 9 | |||
| Treasury stock, value | (965) | (916) | |||||||
| Additional paid in capital | 100,137 | 97,875 | 91,278 | 90,748 | 14,014 | 13,811 | |||
| Accumulated other comprehensive income (loss) | 82 | 351 | 122 | (291) | (417) | 401 | |||
| Accumulated deficit | (40,371) | (37,185) | (29,387) | (22,631) | (5,423) | (3,222) | |||
| Total equity: | 59,867 | 61,059 | 62,030 | 67,843 | 7,218 | 10,083 | |||
| TOTAL LIABILITIES AND EQUITY: | 96,580 | 87,336 | 80,313 | 90,326 | 14,559 | 35,921 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 98,823 | 77,165 | 41,550 | 47,071 | 7,591 | 47,130 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 47,130 | |
| Cost of revenue | (77,694) | (59,481) | (30,011) | (31,926) | (5,677) | (44,702) | ||
| Cost of goods and services sold | (5,677) | (44,702) | ||||||
| Gross profit: | 21,129 | 17,684 | 11,539 | 15,145 | 1,914 | 2,428 | ||
| Operating expenses | (21,821) | (26,731) | (19,805) | (20,575) | (3,745) | (6,939) | ||
| Operating loss: | (692) | (9,047) | (8,266) | (5,430) | (1,831) | (4,511) | ||
| Nonoperating income (expense) | (185) | 1,224 | (57) | 97 | (140) | (1,078) | ||
| Other nonoperating income (expense) | (185) | 1,224 | (57) | 97 | (116) | |||
| Interest and debt expense | (770) | 1,086 | (497) | 111 | (24) | (86) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 77 | (2,310) | 554 | (208) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (1,570) | (9,047) | (8,266) | (5,430) | (1,995) | (5,675) | ||
| Income from equity method investments | 1,881 | 2,146 | 2,705 | 1,257 | 953 | 656 | ||
| Other undisclosed loss from continuing operations before income taxes | (1,238) | (89) | (939) | (1,219) | (328) | (164) | ||
| Income (loss) from continuing operations before income taxes: | (927) | (6,990) | (6,500) | (5,392) | (1,370) | (5,183) | ||
| Income tax expense (benefit) | (265) | (808) | (256) | (116) | (291) | 2,955 | ||
| Income (loss) from continuing operations: | (1,192) | (7,798) | (6,756) | (5,508) | (1,661) | (2,228) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (7,798) | (6,756) | (5,508) | (2,557) | (2,228) | ||
| Loss from discontinued operations | (149) | (896) | ||||||
| Other undisclosed net loss | (1,845) | |||||||
| Net loss: | (3,186) | (7,798) | (6,756) | (5,508) | (2,557) | (2,228) | ||
| Net loss attributable to noncontrolling interest | (207) | |||||||
| Other undisclosed net income attributable to parent | ||||||||
| Net loss attributable to parent: | (3,186) | (7,798) | (6,756) | (5,715) | (2,557) | (2,228) | ||
| Preferred stock dividends and other adjustments | (360) | (356) | ||||||
| Net loss available to common stockholders, diluted: | (3,186) | (7,798) | (6,756) | (5,715) | (2,917) | (2,584) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3,186) | (7,798) | (6,756) | (5,508) | (2,557) | (2,228) | ||
| Other undisclosed comprehensive income (loss) | (269) | 229 | 413 | (291) | ||||
| Comprehensive loss: | (3,455) | (7,569) | (6,343) | (5,799) | (2,557) | (2,228) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (207) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (818) | 403 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (3,455) | (7,569) | (6,343) | (6,006) | (3,375) | (1,825) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.