Gulf Marine Services PLC (LON: GMS)

Gulf Marine Services Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	7.44	8.67	12.28	8.27	3.8	8.4
Short-Term Investments	0.08	0.05	0.05	0.37	0.35	0.02
Trading Asset Securities	-	-	0.39	-	-	-
Cash & Short-Term Investments	7.52	8.71	12.71	8.64	4.15	8.43
Cash Growth	44.50%	-31.43%	47.11%	108.35%	-50.79%	-27.30%
Accounts Receivable	38.01	33.3	34.48	43.12	26	25.03
Other Receivables	-	-	-	0.92	0.24	1.69
Receivables	38.01	33.3	34.48	44.04	26.24	26.72
Prepaid Expenses	2.82	3.56	3.14	3.66	4.87	9.84
Other Current Assets	1.49	1.8	3.24	0.85	0.37	2.9
Total Current Assets	49.83	47.37	53.56	57.19	35.63	47.89
Property, Plant & Equipment	600.96	609.76	596.33	608.41	608.42	716.88
Long-Term Deferred Charges	13.75	11.2	8.93	8.8	10.39	5.45
Total Assets	664.55	668.33	658.82	674.4	654.44	770.22
Accounts Payable	37.12	13.21	12.62	8.77	12.25	11.5
Accrued Expenses	1.23	17.44	14.38	10.1	9.58	12.51
Short-Term Debt	2	2	-	-	-	-
Current Portion of Long-Term Debt	243.94	39.5	30	26.1	31.02	402.17
Current Portion of Leases	2.67	1.62	1.85	1.82	1.74	1.2
Current Income Taxes Payable	8.17	7.03	6.32	5.67	4.81	4.29
Current Unearned Revenue	-	3.55	0.63	0.59	0.36	3.36
Other Current Liabilities	11.3	15.13	3.56	-	1.21	0.75
Total Current Liabilities	306.44	99.48	69.34	53.04	60.97	435.78
Long-Term Debt	-	234.44	298.09	354.51	381.4	1.74
Long-Term Leases	3.85	1.73	1.68	1.11	1.57	0.75
Other Long-Term Liabilities	-	-	-	0.72	1.45	-
Total Liabilities	312.7	338.05	371.25	411.69	447.58	440.55
Common Stock	31.47	30.12	30.12	30.12	58.06	58.06
Additional Paid-In Capital	121.17	108.28	108.28	108.28	102.26	102.26
Retained Earnings	202	194.98	149.98	124.66	93.66	218
Comprehensive Income & Other	-5.85	-5.81	-2.8	-2.26	-48.8	-50.3
Total Common Equity	348.79	327.57	285.59	260.8	205.17	328.01
Minority Interest	3.06	2.71	1.99	1.91	1.69	1.66
Shareholders' Equity	351.85	330.28	287.57	262.71	206.86	329.67
Total Liabilities & Equity	664.55	668.33	658.82	674.4	654.44	770.22
Total Debt	252.46	279.3	331.61	383.53	415.73	405.86
Net Cash (Debt)	-244.94	-270.58	-318.9	-374.89	-411.59	-397.44
Net Cash Per Share	-0.22	-0.26	-0.31	-0.54	-1.17	-1.13
Filing Date Shares Outstanding	1,070	1,016	1,016	1,016	350.49	350.49
Total Common Shares Outstanding	1,070	1,016	1,016	1,016	350.49	350.49
Working Capital	-256.61	-52.12	-15.78	4.15	-25.34	-387.89
Book Value Per Share	0.33	0.32	0.28	0.26	0.59	0.94
Tangible Book Value	348.79	327.57	285.59	260.8	205.17	328.01
Tangible Book Value Per Share	0.33	0.32	0.28	0.26	0.59	0.94
Land	-	-	-	-	-	10.49
Machinery	961.92	958.96	958.43	957.11	949.91	945.24
Construction In Progress	8.84	10.57	6.77	5.04	3.93	4.86
Order Backlog	-	459	342	179.2	207.3	240

Source: S&P Capital IQ. Standard template. Financial Sources.