Great lakes dredge & dock corporation (GLDD)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

207,474

186,995

180,855

125,575

122,986

34,458

23,127

13,538

12,736

15,852

10,469

12,643

6,895

11,167

13,595

21,236

15,894

14,184

9,421

14,696

30,619

42,389

21,088

38,067

58,695

75,338

41,322

21,623

6,643

24,440

38,324

70,791

85,618

113,288

107,050

95,997

48,478

Accounts receivable—net

44,014

19,785

31,043

50,767

34,494

64,779

86,665

82,306

97,441

51,940

79,336

61,957

91,385

88,091

115,753

110,940

101,000

130,777

143,884

106,592

75,348

113,188

98,118

74,906

65,507

96,515

143,437

149,940

141,250

124,215

127,359

111,231

119,860

120,268

110,044

108,152

95,548

Contract revenues in excess of billings

37,080

22,560

25,383

31,159

16,415

17,953

36,151

55,003

55,122

77,907

82,642

90,830

75,696

95,012

75,843

74,915

74,576

81,195

66,759

116,552

102,002

82,557

85,628

89,070

93,061

67,432

83,759

71,842

73,916

50,294

60,846

48,649

34,420

26,412

25,735

27,120

24,842

Inventories

29,440

30,189

27,547

27,477

26,629

28,112

32,004

32,340

33,052

34,432

35,540

35,770

38,307

37,137

35,734

35,053

35,042

35,963

37,250

34,205

32,870

34,735

33,194

33,643

34,707

32,500

32,321

30,578

26,629

28,460

36,511

48,696

33,595

33,426

32,398

31,464

31,734

Prepaid expenses and other current assets

32,300

41,183

31,626

31,734

34,392

-

39,411

40,947

40,933

-

47,984

54,199

79,838

-

78,341

76,107

71,985

-

76,871

67,730

79,643

-

58,440

57,310

39,461

-

56,867

50,203

40,479

-

52,016

42,717

41,553

32,384

-

-

-

Prepaid expenses

-

-

-

-

-

4,710

-

-

-

5,031

-

-

-

12,407

-

-

-

7,924

-

-

-

4,708

-

-

-

4,211

-

-

-

3,985

-

-

-

-

2,703

2,787

3,448

Other current assets

-

-

-

-

-

31,907

-

-

-

38,605

-

-

-

63,412

-

-

-

59,690

-

-

-

64,667

-

-

-

39,953

-

-

-

27,135

-

-

-

-

28,747

30,580

18,919

Assets held for sale

-

-

-

-

15,751

24,779

-

-

-

38,417

-

-

-

-

-

-

-

-

-

-

-

-

-

1,704

32,773

45,104

-

-

-

55,235

-

-

-

-

-

-

-

Total current assets

350,308

300,712

296,454

266,712

250,667

206,698

217,358

224,134

239,284

262,184

255,971

255,399

292,121

307,226

319,266

318,251

298,497

329,733

334,185

339,775

320,482

342,244

296,468

294,700

324,204

361,053

357,706

324,186

288,917

313,764

315,056

322,084

315,046

325,778

306,677

296,100

222,969

PROPERTY AND EQUIPMENT—Net

371,884

374,596

374,798

376,635

368,600

369,863

365,491

371,807

381,762

396,925

413,612

416,058

419,268

413,008

436,691

416,484

432,749

430,210

423,157

418,308

418,839

399,445

382,331

366,271

356,986

345,620

358,350

355,854

347,740

335,509

314,181

316,815

310,810

310,520

311,588

309,296

323,231

OPERATING LEASE ASSETS

81,319

72,612

72,039

74,684

76,594

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OTHER INTANGIBLE ASSETS Net

-

-

-

-

-

-

-

-

-

-

-

-

-

1,499

-

-

-

2,428

-

-

-

8,963

-

-

-

1,976

-

-

-

3,067

-

-

-

-

1,340

1,987

3,280

GOODWILL AND OTHER INTANGIBLE ASSETS—Net

76,576

76,576

76,576

76,576

76,576

76,576

84,038

84,186

84,334

76,576

84,631

84,779

84,927

83,576

85,314

85,544

85,774

83,576

86,900

89,014

93,522

86,326

80,885

81,031

81,047

79,326

81,684

81,975

103,967

79,326

98,666

98,729

-

98,863

98,049

98,049

98,049

Goodwill and other intangiable assets - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,793

-

-

-

-

INVENTORIES—Noncurrent

64,090

61,126

63,007

63,199

62,466

61,264

56,821

55,200

54,906

54,023

57,597

55,460

51,995

52,602

48,706

46,867

45,170

41,646

37,508

37,084

36,555

36,262

37,324

38,568

36,707

38,496

37,812

35,762

36,423

37,392

37,354

23,206

31,803

30,103

30,988

27,760

27,128

ASSETS HELD FOR SALE— Noncurrent

3,970

3,970

-

-

-

5,110

8,846

6,916

8,463

29,561

8,569

8,991

9,118

9,299

-

-

-

-

-

-

-

-

-

-

9,274

8,856

-

-

-

32,661

-

-

-

-

-

-

-

INVESTMENTS IN JOINT VENTURES

-

-

-

-

-

-

5,164

3,489

1,963

-

7,344

4,794

5,756

4,734

5,791

5,293

3,131

3,761

12,319

5,859

7,726

7,889

8,445

5,619

7,055

8,256

7,518

6,072

6,457

7,047

7,076

6,899

6,908

6,923

7,221

6,615

7,329

OTHER

7,732

7,960

9,894

11,325

16,948

10,760

12,588

12,473

17,546

13,088

13,967

14,007

14,442

21,644

8,366

7,470

7,181

6,770

11,902

12,209

12,225

12,105

11,745

9,147

10,517

9,062

13,353

13,505

17,509

17,702

17,983

18,461

16,241

16,273

11,955

17,527

11,839

TOTAL

955,879

897,552

892,768

869,131

851,851

730,271

750,306

758,205

788,258

832,357

841,691

839,488

877,627

893,588

904,134

879,909

872,502

898,124

905,971

902,249

889,349

893,234

817,198

795,336

825,790

852,645

856,423

817,354

801,013

826,468

790,316

786,194

779,601

788,460

767,818

757,334

693,825

LIABILITIES AND EQUITY
Accounts payable

79,917

76,091

77,074

87,923

73,051

71,537

80,302

68,751

72,093

65,153

67,230

77,543

87,640

103,185

109,255

97,088

96,499

118,846

109,961

119,119

102,361

119,971

139,341

101,672

109,535

116,121

128,330

92,070

88,624

105,623

92,019

80,652

73,382

82,745

71,928

70,237

82,721

Accrued expenses

53,898

51,225

49,891

43,837

42,633

48,351

47,411

45,943

52,284

51,926

51,996

40,727

80,781

69,043

57,365

62,179

61,596

72,277

63,978

60,884

58,034

70,041

49,755

45,079

32,251

38,531

44,146

44,973

40,561

35,571

23,905

26,877

20,932

31,121

27,688

33,911

32,809

Operating lease liabilities

20,965

21,351

20,847

20,805

20,599

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of contract revenues

61,327

55,266

69,387

50,610

53,855

17,793

11,152

9,050

8,772

2,586

4,646

5,013

8,893

5,141

9,677

4,971

6,158

7,061

6,451

3,904

2,617

4,639

4,978

12,298

4,961

6,754

4,341

7,913

9,529

9,654

20,817

19,999

23,753

13,627

15,212

12,319

14,484

Revolving credit facility

-

-

0

0

0

11,500

-

-

-

-

-

-

-

-

60,000

45,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

909

1,169

1,379

1,212

2,819

2,845

2,439

2,465

11,745

10,469

7,530

7,506

8,369

8,272

7,818

5,859

373

278

-

-

2,509

2,515

2,526

13,047

2,587

2,658

2,813

3,033

-

-

-

Liabilities held for sale

-

-

-

-

7,948

13,940

-

-

-

29,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,581

32,493

-

-

-

22,129

-

-

-

-

-

-

-

Current portion of note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

2,500

2,500

Current portion of equipment debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,493

111

303

Total current liabilities

216,107

203,933

217,199

203,175

198,086

163,121

139,774

124,913

134,528

150,250

126,691

126,128

179,753

179,834

248,042

219,707

171,783

205,690

188,759

192,179

170,830

200,510

194,447

159,327

173,328

193,899

179,326

147,471

141,240

186,024

139,328

130,186

120,880

130,526

118,821

119,078

132,817

LONG-TERM DEBT

323,066

322,843

322,619

322,396

322,173

321,950

321,727

321,503

321,280

333,141

-

-

-

286,291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OPERATING LEASE LIABILITIES—Noncurrent

60,641

51,131

50,969

53,830

55,991

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SENIOR NOTES

-

-

-

-

-

-

-

-

-

-

-

-

273,248

-

272,748

272,498

272,248

271,998

274,902

274,895

-

274,880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175,000

REVOLVING CREDIT FACILITY

-

-

-

-

-

-

30,882

70,882

91,000

95,000

90,000

86,000

115,500

104,111

-

45,000

35,000

20,000

28,000

18,000

20,000

-

35,000

35,000

37,000

35,000

45,000

41,000

21,500

-

-

-

-

-

-

-

-

7 3/8% SENIOR NOTES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

274,887

-

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

250,000

-

NOTES PAYABLE

-

-

-

-

-

-

-

-

-

-

12,392

12,696

12,995

-

45,012

47,821

52,265

53,792

52,108

53,880

62,393

49,497

485

-

-

-

-

-

-

-

2,500

2,500

2,500

2,500

5,000

5,000

5,000

DEFERRED INCOME TAXES

44,633

35,740

36,526

33,706

30,626

22,846

25,605

21,896

21,870

25,561

54,491

55,875

57,831

68,449

73,753

70,979

71,624

74,006

89,255

89,368

92,137

92,007

90,040

104,590

107,931

108,511

106,481

105,057

103,436

106,128

104,349

102,920

103,942

104,352

99,451

92,239

92,466

LIABILITIES HELD FOR SALE— Noncurrent

-

-

-

-

-

146

-

-

-

773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

707

1,212

-

-

-

1,540

-

-

-

-

-

-

-

LIABILITIES HELD FOR SALE-Noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

707

-

-

-

-

1,540

-

-

-

-

-

-

-

OTHER

4,803

4,506

3,631

4,546

5,698

7,280

7,883

7,497

8,078

6,336

8,559

7,377

6,772

7,013

10,002

19,669

19,693

20,465

20,864

21,759

20,549

20,377

11,672

9,909

19,124

21,922

23,097

24,026

10,252

9,351

6,757

8,153

8,483

8,545

9,200

9,516

11,717

Total liabilities

649,250

618,153

630,944

617,653

612,574

515,343

525,871

546,691

576,756

611,061

612,967

608,690

646,099

645,698

649,557

630,674

622,613

645,951

653,888

650,081

640,796

637,271

581,644

558,826

588,090

610,544

603,904

567,554

526,428

553,043

502,934

493,759

485,805

495,923

482,472

475,833

417,000

COMMITMENTS AND CONTINGENCIES (Note 8)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

0

-

-

0

-

0

0

0

EQUITY:
Common stock—$.0001 par value; 90,000 authorized, 64,795 and 64,283 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively.

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

-

-

6

6

6

6

6

Treasury stock, at cost

-

-

-

-

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,433

1,107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

302,558

302,189

301,874

299,320

296,774

295,135

292,902

291,468

290,298

289,821

289,357

288,167

287,491

286,303

286,266

285,506

284,589

283,247

282,141

280,792

279,954

278,166

277,097

275,382

275,610

275,183

274,279

272,688

272,156

271,418

-

-

268,998

267,918

267,297

266,961

266,329

Retained earnings (accumulated deficit)

10,896

-23,091

-39,064

-47,016

-55,001

-74,971

-67,271

-78,973

-77,999

-67,101

-58,269

-53,323

-52,629

-35,841

-28,858

-33,418

-31,699

-27,664

-26,829

-27,141

-29,865

-21,475

-40,488

-38,402

-36,965

-31,770

-20,769

-22,217

3,024

2,591

-

-

23,858

24,042

18,468

14,112

12,261

Accumulated other comprehensive income (loss)

-6,831

295

-992

-832

-1,069

-3,809

231

446

630

3

-937

-2,619

-1,907

-1,145

-1,404

-1,426

-1,574

-1,983

-2,128

-1,489

-1,542

-734

-1,061

-476

-951

-473

-633

-495

-369

-380

-

-

481

3

-795

109

357

Total equity

306,629

279,399

261,824

251,478

239,277

214,928

224,435

211,514

211,502

221,296

228,724

230,798

231,528

247,890

254,577

249,235

249,889

252,173

252,083

252,168

-

255,963

235,554

236,510

237,700

242,946

252,883

249,982

274,817

273,635

287,173

292,207

293,343

291,969

284,976

281,501

278,953

NONCONTROLLING INTERESTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-845

-364

-182

-232

-210

209

228

453

568

370

313

-2,128

TOTAL EQUITY

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248,553

-

235,554

236,510

237,700

242,101

252,519

249,800

274,585

273,425

287,382

292,435

293,796

292,537

285,346

281,188

276,825

TOTAL

955,879

897,552

892,768

869,131

851,851

730,271

750,306

758,205

788,258

832,357

841,691

839,488

877,627

893,588

904,134

879,909

872,502

898,124

905,971

902,249

889,349

893,234

817,198

795,336

825,790

852,645

856,423

817,354

801,013

826,468

790,316

786,194

779,601

788,460

767,818

757,334

693,825