GIFI · As filed with the SEC
Gulf Island Fabrication balance sheet, by fiscal year
The statement as Gulf Island Fabrication presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED BALANCE SHEETS · USD thousands
| USD thousands | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 | FY2017 Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 27,284,000 | 38,176,000 | 33,221,000 | 52,886,000 | 43,159,000 | 49,703,000 | 70,457,000 | 8,983,000 |
| Restricted cash | 1,197,000 | 1,475,000 | 1,603,000 | 1,297,000 | — | — | — | — |
| Short-term investments | 38,784,000 | 8,233,000 | 9,905,000 | — | 7,998,000 | 19,918,000 | 8,720,000 | — |
| Contract receivables and retainage, net | 22,487,000 | 36,298,000 | 29,427,000 | 15,986,000 | 15,393,000 | 26,095,000 | 22,505,000 | 28,466,000 |
| Contracts in progress | — | — | — | — | — | — | — | 28,373 |
| Contract assets | 8,611,000 | 2,739,000 | 4,839,000 | 4,759,000 | 67,521,000 | 52,128,000 | 29,982,000 | — |
| Prepaid expenses and other assets | 5,139,000 | 6,994,000 | 6,475,000 | 6,971,000 | 2,815,000 | 3,948,000 | 3,268,000 | 3,833,000 |
| Inventory | 1,907,000 | 2,072,000 | 1,599,000 | 1,779,000 | 2,262,000 | 2,676,000 | 6,088,000 | 4,933,000 |
| Assets held for sale | — | — | — | 1,800,000 | — | — | 18,935,000 | 104,576,000 |
| Assets held for sale | — | 5,640,000 | — | — | 8,214,000 | 9,006,000 | — | — |
| Total current assets | 105,409,000 | 101,627,000 | 87,069,000 | 85,478,000 | 147,362,000 | 163,474,000 | 159,955,000 | 179,164,000 |
| Restricted cash, noncurrent | — | — | — | 406 | — | — | — | — |
| Property, plant and equipment, net | 24,051,000 | 23,145,000 | 31,154,000 | 32,866,000 | 67,458,000 | 70,484,000 | 79,930,000 | 88,899,000 |
| Goodwill | 2,217,000 | 2,217,000 | 2,217,000 | 2,217,000 | — | — | — | — |
| Other intangibles, net | 557,000 | 700,000 | 842,000 | 984,000 | — | — | — | — |
| Other noncurrent assets | 982,000 | 739,000 | 13,584,000 | 13,322,000 | 16,523,000 | 18,819,000 | 18,405,000 | 2,777,000 |
| Total assets | 133,216,000 | 128,428,000 | 134,866,000 | 135,273,000 | 231,343,000 | 252,777,000 | 258,290,000 | 270,840,000 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | 5,801,000 | 8,466,000 | 8,310,000 | 9,280,000 | 70,114,000 | 61,542,000 | 28,969,000 | 18,375,000 |
| Advance billings on contracts | — | — | — | — | — | — | — | 5,136 |
| Contract liabilities | 1,278,000 | 5,470,000 | 8,196,000 | 6,648,000 | 15,129,000 | 26,271,000 | 16,845,000 | — |
| Deferred revenue | — | — | — | — | — | — | 0 | 4,676 |
| Accrued contract losses | — | — | — | — | — | — | — | 7,618 |
| Accrued expenses and other liabilities | 13,180,000 | 14,836,000 | 14,283,000 | 14,026,000 | 7,670,000 | 10,031,000 | 10,287,000 | 12,741,000 |
| Income taxes payable | — | — | — | — | — | — | — | 119 |
| Long-term debt, current | 1,117,000 | 1,075,000 | — | — | 5,499,000 | — | — | — |
| Total current liabilities | 21,376,000 | 29,847,000 | 30,789,000 | 29,954,000 | 98,412,000 | 97,844,000 | 56,101,000 | 48,665,000 |
| Net deferred tax liabilities | — | — | — | — | — | — | — | 0 |
| Deferred revenue, noncurrent | — | — | — | — | — | — | 0 | 769 |
| Long-term debt, noncurrent | 17,888,000 | 18,925,000 | — | — | 4,501,000 | — | — | — |
| Other noncurrent liabilities | 850,000 | 685,000 | 1,453,000 | 1,411,000 | 2,068,000 | 2,248,000 | 1,089,000 | 1,913,000 |
| Total liabilities | 40,114,000 | 49,457,000 | 32,242,000 | 31,365,000 | 104,981,000 | 100,092,000 | 57,190,000 | 51,347,000 |
| Shareholders’ equity: | ||||||||
| Preferred stock, no par value, 5,000 shares authorized, no shares issued and outstanding | — | — | — | — | — | — | 0 | — |
| Common stock, no par value, 30,000 shares authorized, 16,346 issued and outstanding at December 31, 2024 and 16,258 at December 31, 2023 | 11,669,000 | 11,729,000 | 11,591,000 | 11,384,000 | 11,223,000 | 11,119,000 | 11,021,000 | 10,823,000 |
| Additional paid-in capital | 108,065,000 | 108,615,000 | 107,372,000 | 105,511,000 | 104,072,000 | 103,124,000 | 102,243,000 | 100,456,000 |
| Accumulated deficit | (26,632,000) | (41,373,000) | (16,339,000) | (12,987,000) | 11,067,000 | 38,442,000 | 87,836,000 | 108,214,000 |
| Total shareholders’ equity | 93,102,000 | 78,971,000 | 102,624,000 | 103,908,000 | 126,362,000 | 152,685,000 | 201,100,000 | 219,493,000 |
| Total liabilities and shareholders’ equity | 133,216,000 | 128,428,000 | 134,866,000 | 135,273,000 | 231,343,000 | 252,777,000 | 258,290,000 | 270,840,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.