Great lakes dredge & dock corporation (GLDD)
Income statement / 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'11Mar'11Sep'10Jun'10
Contract revenues

217,695

164,295

169,775

184,811

192,637

173,231

178,671

135,270

133,623

81,397

163,317

176,859

170,586

83,288

198,869

192,192

163,119

222,642

220,802

238,877

174,557

245,542

202,198

184,709

174,382

216,278

187,862

147,125

180,153

107,932

162,484

163,107

154,907

51,369

158,468

154,959

155,338

173,333

180,135

Costs of contract revenues

149,221

129,734

137,942

147,325

142,760

137,617

139,087

113,138

119,493

93,579

143,499

156,577

155,774

62,241

178,824

167,936

143,129

193,773

196,717

206,590

163,875

224,615

177,739

158,506

153,475

188,325

160,026

133,353

149,419

76,322

154,664

144,401

134,885

43,333

131,077

135,193

127,896

140,638

145,546

Gross profit

68,474

34,561

31,833

37,486

49,877

35,614

39,584

22,132

14,130

-12,182

19,818

20,282

14,812

21,047

20,045

24,256

19,990

28,869

24,085

32,287

10,682

20,927

24,459

26,203

20,907

27,953

27,836

13,772

30,734

31,610

7,820

18,706

20,022

8,036

27,391

19,766

27,442

32,695

34,589

OPERATING EXPENSES:
General and administrative expenses

15,571

16,184

13,488

14,613

14,825

15,440

14,343

12,232

13,093

5,651

17,522

17,267

16,795

8,244

7,187

19,751

20,089

22,301

15,277

15,543

17,948

18,061

16,062

15,918

17,870

19,339

17,121

15,343

16,236

9,333

11,667

11,456

13,267

2,445

12,736

13,622

12,089

16,640

14,374

IMPAIRMENT OF GOODWILL

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of assets—net

-

-

-

-81

-

-

-

1,057

199

-

-175

-169

-11

-2,414

2

-687

10

-32

884

-5

8

-174

-390

-16

-152

2,632

3,214

-71

-2

-34

108

93

31

8,834

131

2,513

258

-

-

(Gain) loss on sale of assets—net

145

-

27

-

-279

-

-1,521

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,272

-

-

-

-

-

-

-

-

-

-

-

Operating income

53,048

22,191

18,372

22,792

34,773

16,708

23,720

10,957

1,236

-22,267

2,121

2,846

-1,994

10,389

12,860

3,818

-89

6,536

9,692

13,989

-7,258

2,692

8,007

10,269

2,885

11,346

13,929

11,630

14,496

22,243

-3,739

7,343

6,786

14,425

14,786

8,657

15,611

16,055

20,215

OTHER EXPENSE:
Interest expense—net

-6,630

-6,450

-6,335

-7,188

-7,551

-7,876

-8,058

-8,991

-8,653

-9,922

-6,417

-6,441

-5,582

-7,028

-4,819

-5,903

-5,721

-5,875

-7,293

-5,567

-5,630

-5,237

-4,702

-5,012

-5,016

-5,270

-5,542

-5,396

-5,733

-5,178

-5,105

-5,383

-5,259

-4,941

-5,571

-4,911

-5,950

-3,302

-2,995

Equity in loss of joint ventures

-

-

-

-

-

-

-

-

-

-

-26

1,468

-

2,384

-6

-128

115

286

2,051

2,616

1,098

-5,402

5,785

-1,435

-1,843

-1,660

1,427

-384

-591

-29

177

-8

-16

-298

606

-123

-591

81

-131

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-2,330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-5,145

-

-

Gain on bargain purchase acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income (expense)

-1,121

44

-22

123

172

-629

71

33

-2,065

353

-266

-285

209

1,141

-637

-518

-763

-

706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-618

-441

-

384

39

-65

-754

178

261

-36

63

40

21

-6

-

544

-

-

-

-

Income from continuing operations before income taxes

45,297

15,785

12,015

15,727

27,394

8,203

15,733

1,999

-9,482

-29,548

-4,536

-7,678

-7,367

2,118

7,410

-2,475

-6,688

-501

1,054

5,188

-14,427

9,213

-2,096

5,980

-3,909

6,884

9,636

5,589

8,208

16,973

-8,707

1,931

1,517

9,448

9,277

3,623

3,925

12,834

-

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,089

Income tax provision

11,310

973

3,204

4,230

6,846

3,241

3,853

818

-2,475

-26,206

-1,308

-3,454

-2,793

382

2,850

-756

-2,653

334

742

2,464

-6,037

-11,105

-1,069

2,097

-1,453

2,134

3,060

1,810

3,456

7,455

-3,351

751

564

3,344

3,618

1,455

1,527

5,113

6,755

Income from continuing operations

33,987

14,812

8,811

11,497

20,548

4,962

11,880

1,181

-7,007

-3,342

-3,228

-4,224

-4,574

1,736

4,560

-1,719

-4,035

-

-

-

-

20,318

-1,027

3,883

-2,456

4,750

6,576

3,779

4,752

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net of income taxes

-

1,161

-859

-3,251

-3,380

-12,662

-178

-2,155

-2,314

-3,195

0

368

-13,065

-

-

-

-

-

-

-

-

-1,305

-1,059

-5,320

-2,739

-16,232

-5,310

-28,967

-4,341

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,482

1,266

-25,188

411

528

-5,356

1,180

953

7,026

5,659

2,168

2,398

7,721

10,334

Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-375

-182

-53

-22

-419

-20

-91

-115

198

57

462

6

36

-474

Net income

33,987

15,973

7,952

8,246

17,168

-7,700

11,702

-974

-9,321

-6,537

-3,228

-3,856

-17,639

-6,983

4,560

-1,719

-4,035

-835

312

2,724

-8,390

19,013

-2,086

-1,437

-5,195

-11,001

1,448

-25,241

433

-343

-5,336

1,271

1,068

6,828

5,602

1,706

2,392

7,685

10,808

Basic earnings per share attributable to continuing operations

0.53

0.23

0.14

0.18

0.33

0.08

0.19

0.02

-0.11

-0.06

-0.05

-0.07

-0.07

0.03

0.08

-0.03

-0.07

-

-

-

-

0.34

-0.01

0.06

-0.04

0.08

0.11

0.06

0.08

-

-

-

-

-

-

-

-

-

-

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

-

0.02

-0.02

-0.05

-0.05

-0.20

0.00

-0.04

-0.04

-0.05

0.00

0.00

-0.21

-

-

-

-

-

-

-

-

-0.02

-0.02

-0.08

-0.05

-0.27

-0.08

-0.49

-0.07

-

-

-

-

-

-

-

-

-

-

Basic earnings per share

0.53

0.25

0.12

0.13

0.28

-0.12

0.19

-0.02

-0.15

-0.11

-0.05

-0.07

-0.28

-0.11

0.08

-0.03

-0.07

-0.01

0.00

0.05

-0.14

0.32

-0.03

-0.02

-0.09

-0.19

0.03

-0.43

0.01

0.01

-0.09

0.02

0.02

0.11

0.10

0.03

0.04

0.13

0.18

Basic weighted average shares

64,455

64,040

63,861

63,605

62,882

62,504

62,358

62,267

61,815

61,591

61,462

61,342

61,065

60,947

60,811

60,711

60,507

60,406

60,496

60,473

60,265

60,141

60,040

59,863

59,708

59,649

59,526

59,436

59,369

59,318

59,253

59,171

59,038

58,974

58,930

58,875

58,785

58,698

58,602

Diluted earnings per share attributable to continuing operations

0.52

0.22

0.14

0.18

0.32

0.07

0.19

0.02

-0.11

-0.06

-0.05

-0.07

-0.07

0.03

0.08

-0.03

-0.07

-

-

-

-

0.33

-0.01

0.06

-0.04

0.08

0.11

0.06

0.08

-

-

-

-

-

-

-

-

-

-

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

-

0.02

-0.02

-0.05

-0.05

-0.19

0.00

-0.04

-0.04

-0.05

0.00

0.00

-0.21

-

-

-

-

-

-

-

-

-0.02

-0.02

-0.08

-0.05

-0.26

-0.09

-0.48

-0.07

-

-

-

-

-

-

-

-

-

-

Diluted earnings per share

0.52

0.24

0.12

0.13

0.27

-0.12

0.19

-0.02

-0.15

-0.11

-0.05

-0.07

-0.28

-0.11

0.08

-0.03

-0.07

-0.01

0.00

0.05

-0.14

0.31

-0.03

-0.02

-0.09

-0.18

0.02

-0.42

0.01

0.01

-0.09

0.02

0.02

0.12

0.09

0.03

0.04

0.13

0.18

Diluted weighted average shares

65,717

65,538

65,071

64,990

64,569

67,086

63,260

62,267

61,815

61,591

61,462

61,342

61,065

62,724

61,526

60,711

60,507

59,610

60,841

60,924

60,265

61,802

60,040

60,538

59,708

60,347

60,082

59,958

60,017

60,471

59,253

59,534

59,434

59,338

59,161

59,184

59,237

58,901

58,781

Dividends declared per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.02

-

-

-

-

-

0.02

0.02

0.02