GLDD · As filed with the SEC
Great Lakes Dredge & Dock cash flow statement, by fiscal year
The statement as Great Lakes Dredge & Dock 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 Statements of Cash Flows · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| OPERATING ACTIVITIES: | ||||
| Net income | 73,469,000 | 57,265,000 | 13,906,000 | (34,055,000) |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||||
| Depreciation expense | — | — | 42,525,000 | 46,273,000 |
| Depreciation and amortization | 43,422,000 | 42,699,000 | — | — |
| Deferred income taxes | 25,182,000 | 16,398,000 | 3,733,000 | (9,270,000) |
| Gain on sale of assets | (2,273,000) | (2,897,000) | (485,000) | 7,792,000 |
| Amortization of capitalized contract costs | 17,492,000 | 21,895,000 | — | — |
| Amortization of deferred financing fees | 3,060,000 | 2,581,000 | 965,000 | 1,299,000 |
| Loss on extinguishment of debt | 10,822,000 | — | — | — |
| Share-based compensation expense | 11,470,000 | 8,580,000 | 6,316,000 | 4,288,000 |
| Changes in assets and liabilities: | ||||
| Accounts receivable | 47,861,000 | (63,220,000) | (9,921,000) | 38,064,000 |
| Contract revenues in excess of billings | (6,913,000) | (5,462,000) | (2,813,000) | (26,078,000) |
| Inventories | (436,000) | (4,898,000) | (11,000,000) | (14,255,000) |
| Prepaid expenses and other current assets | (9,810,000) | (7,510,000) | (10,250,000) | (7,636,000) |
| Accounts payable and accrued expenses | 14,172,000 | 8,689,000 | 1,376,000 | (1,966,000) |
| Billings in excess of contract revenues | 8,984,000 | (3,764,000) | 19,647,000 | (4,900,000) |
| Other noncurrent assets and liabilities | 10,176,000 | (294,000) | (6,574,000) | 2,097,000 |
| Cash provided by operating activities | 246,678,000 | 70,062,000 | 47,425,000 | 1,653,000 |
| INVESTING ACTIVITIES: | ||||
| Purchases of property and equipment | (147,218,000) | (125,145,000) | (150,840,000) | (143,006,000) |
| Proceeds from dispositions of property and equipment | 2,609,000 | 9,450,000 | 30,699,000 | 2,100,000 |
| Cash used in investing activities | (144,609,000) | (115,695,000) | (120,141,000) | (140,906,000) |
| FINANCING ACTIVITIES: | ||||
| Deferred financing fees | (2,168,000) | (11,564,000) | — | (981,000) |
| Payment for extinguishment of debt | (3,111,000) | — | — | — |
| Taxes paid on settlement of vested share awards | (1,206,000) | (1,332,000) | (1,019,000) | (1,827,000) |
| Exercise of options and purchases from employee stock plans | 1,180,000 | 1,627,000 | 1,034,000 | 1,148,000 |
| Borrowings under revolving loans | 271,000,000 | 86,000,000 | 208,000,000 | 10,000,000 |
| Borrowings under Second Lien Credit Agreement | — | 100,000,000 | — | — |
| Repayments of Second Lien Term loan | (100,000,000) | — | — | — |
| Repayments of revolving loans | (251,000,000) | (141,000,000) | (118,000,000) | (10,000,000) |
| Repurchases of common stock | (11,594,000) | — | — | — |
| Payments on finance lease obligations | (2,025,000) | (1,643,000) | (84,000) | — |
| Cash (used in) provided by financing activities | (98,924,000) | 32,088,000 | 89,931,000 | (1,660,000) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 3,145,000 | (13,545,000) | 17,215,000 | (140,913,000) |
| Cash, cash equivalents and restricted cash at beginning of period | 10,216,000 | 23,761,000 | 6,546,000 | 147,459,000 |
| Cash, cash equivalents and restricted cash at end of period | 13,361,000 | 10,216,000 | 23,761,000 | 6,546,000 |
| Supplemental Cash Flow Information | ||||
| Cash paid for interest | — | — | 20,738,000 | 17,742,000 |
| Cash paid for interest | 30,325,000 | 29,729,000 | — | — |
| Cash paid for income taxes | 2,169,000 | 2,489,000 | 132,000 | 1,264,000 |
| Non-cash Investing and Financing Activities | ||||
| Property and equipment purchased but not yet paid | 9,888,000 | 13,211,000 | 6,000,000 | 8,686,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.