Gulf Marine Services Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	27.76	40.01	8.67	12.28	8.27
Short-Term Investments	0.21	0.06	0.05	0.05	0.37
Trading Asset Securities	-	-	-	0.39	-
Cash & Short-Term Investments	27.97	40.06	8.71	12.71	8.64
Cash Growth	-30.19%	359.81%	-31.43%	47.11%	108.34%
Accounts Receivable	39.85	29.81	33.3	34.48	43.12
Other Receivables	-	-	-	-	0.92
Receivables	39.85	29.81	33.3	34.48	44.04
Prepaid Expenses	4.45	2.07	3.56	3.14	3.66
Other Current Assets	6.82	2.86	1.8	3.24	0.85
Total Current Assets	79.08	74.81	47.37	53.56	57.19
Property, Plant & Equipment	605.27	596.46	609.76	596.33	608.41
Long-Term Deferred Charges	15.58	11.87	11.2	8.93	8.8
Total Assets	699.93	683.14	668.33	658.82	674.4
Accounts Payable	19.16	18.77	13.21	12.62	8.77
Accrued Expenses	18.25	15.74	17.44	14.38	10.1
Short-Term Debt	-	-	2	-	-
Current Portion of Long-Term Debt	38	39.6	39.5	30	26.1
Current Portion of Leases	16.49	3.5	1.62	1.85	1.82
Current Income Taxes Payable	17.44	10.43	7.03	6.32	5.67
Current Unearned Revenue	2.55	2.86	3.55	0.63	0.59
Other Current Liabilities	2.95	9.62	15.13	3.56	-
Total Current Liabilities	114.84	100.52	99.48	69.34	53.04
Long-Term Debt	142.22	196.43	234.44	298.09	354.51
Long-Term Leases	17.83	0.86	1.73	1.68	1.11
Pension & Post-Retirement Benefits	2.26	2.64	2.4	2.14	2.32
Other Long-Term Liabilities	0.5	-	-	-	0.72
Total Liabilities	277.66	300.44	338.05	371.25	411.69
Common Stock	33.58	31.47	30.12	30.12	30.12
Additional Paid-In Capital	138.48	121.17	108.28	108.28	108.28
Retained Earnings	251.85	232.95	194.98	149.98	124.66
Comprehensive Income & Other	-5.2	-5.9	-5.81	-2.8	-2.26
Total Common Equity	418.7	379.7	327.57	285.59	260.8
Minority Interest	3.56	3	2.71	1.99	1.91
Shareholders' Equity	422.27	382.7	330.28	287.57	262.71
Total Liabilities & Equity	699.93	683.14	668.33	658.82	674.4
Total Debt	214.55	240.38	279.3	331.61	383.53
Net Cash (Debt)	-186.58	-200.32	-270.58	-318.9	-374.89
Net Cash Per Share	-0.16	-0.18	-0.26	-0.31	-0.54
Filing Date Shares Outstanding	1,152	1,070	1,016	1,016	1,016
Total Common Shares Outstanding	1,152	1,070	1,016	1,016	1,016
Working Capital	-35.76	-25.71	-52.12	-15.78	4.15
Book Value Per Share	0.36	0.35	0.32	0.28	0.26
Tangible Book Value	418.7	379.7	327.57	285.59	260.8
Tangible Book Value Per Share	0.36	0.35	0.32	0.28	0.26
Machinery	981.02	962.46	958.96	958.43	957.11
Construction In Progress	9.19	9.86	10.57	6.77	5.04
Order Backlog	-	570	459	342	179.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.