Great lakes dredge & dock corporation (GLDD)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Contract revenues

711,518

620,795

592,159

637,468

856,878

806,831

731,418

588,430

520,134

686,922

622,244

Costs of contract revenues

557,761

509,335

549,429

552,130

760,955

714,335

631,123

510,272

437,499

564,140

534,000

Gross profit

153,757

111,460

42,730

85,338

95,923

92,496

100,295

78,158

82,635

122,782

88,244

OPERATING EXPENSES:
General and administrative expenses

59,110

55,108

57,235

55,271

71,069

67,911

68,039

45,723

40,892

54,352

45,993

PROCEEDS FROM LOSS OF USE CLAIM

-

-

-

-

-

-

13,372

-

-

-

-

IMPAIRMENT OF GOODWILL

-

-

-

-

2,750

-

-

-

-

-

-

(Gain) loss on sale of assets—net

-

-

-

-3,089

855

-732

5,773

198

11,736

-

-

(Gain) loss on sale of assets—net

-4,619

-3,731

-4,789

-

-

-

-

-

-

-

-

Operating income

98,128

52,621

-19,294

26,978

22,959

23,853

51,401

32,633

53,479

68,430

42,251

OTHER EXPENSE:
Interest expense—net

-27,524

-33,578

-28,362

-23,471

-24,365

-19,967

-21,941

-20,925

-21,373

-13,542

-16,150

Equity in loss of joint ventures

-

-

1,484

2,365

6,051

-2,895

-1,208

124

-406

-614

-384

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-5,145

-

-

Gain on bargain purchase acquisition

-

-

-

-

-

2,197

-

-

-

-

-

Other income (expense)

317

-2,590

11

-777

-1,229

210

-

118

-

-

-16,534

Total other expense

-27,207

-36,168

-29,835

-26,613

-31,645

-14,665

-21,084

-20,919

-27,206

-14,156

-

Other expense

-

-

-

-

-

-

-351

118

282

-

-

Income from continuing operations before income taxes

70,921

16,453

-49,129

365

-8,686

9,188

30,317

11,714

26,273

54,274

25,717

Income tax provision

15,253

5,437

-33,761

-177

-2,497

-11,530

10,460

5,419

9,944

20,554

10,983

Income from continuing operations

55,668

11,016

-15,368

542

-6,189

20,718

19,857

6,295

16,329

-

-

Loss from discontinued operations, net of income taxes

-6,329

-17,309

-15,892

-8,719

-

-10,423

-54,850

-9,635

922

-

-

NET INCOME (LOSS)

-

-

-

-

-

-

-34,993

-2,695

17,251

33,720

14,734

Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-632

-645

723

-889

-2,734

Net income

49,339

-6,293

-31,260

-8,177

-6,189

10,295

-34,361

-3,340

16,528

34,609

17,468

Basic earnings per share attributable to continuing operations

0.88

0.18

-0.25

0.01

-0.10

0.35

0.33

0.11

0.28

-

-

Basic loss per share attributable to discontinued operations, net of tax

-0.10

-0.28

-0.26

-0.14

-

-0.17

-0.91

-0.15

-

-

-

Basic earnings per share

0.78

-0.10

-0.51

-0.13

-0.10

0.18

-0.58

-0.04

0.28

0.59

0.30

Basic weighted average shares

63,597

62,236

61,365

60,744

60,410

59,938

59,495

59,195

58,891

58,647

58,507

Diluted earnings per share attributable to continuing operations

0.86

0.17

-0.25

0.01

-0.10

0.34

0.33

0.11

0.28

-

-

Diluted loss per share attributable to discontinued operations, net of tax

-0.10

-0.27

-0.26

-0.14

-

-0.17

-0.90

-0.15

-

-

-

Diluted earnings per share

0.76

-0.10

-0.51

-0.13

-0.10

0.17

-0.57

-0.04

0.28

0.59

0.30

Diluted weighted average shares

65,042

63,607

61,365

61,367

60,410

60,522

60,101

59,673

59,230

58,871

58,612