Galfar Engineering & Contracting SAOG (MSM: GECS)

GECS Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	-	6.34	11.14	17.48	6.79	4.25
Short-Term Investments	-	0.64	0.67	0.24	0.25	2.67
Cash & Short-Term Investments	8.05	6.97	11.81	17.72	7.04	6.92
Cash Growth	10.70%	-40.93%	-33.39%	151.59%	1.81%	2.55%
Accounts Receivable	-	171.36	134.29	142.62	167.31	198.57
Other Receivables	-	-0.03	0.07	0.05	-	17.44
Receivables	-	171.33	134.35	142.67	167.31	216.01
Inventory	-	27.19	19.31	13.38	14.59	13.49
Prepaid Expenses	-	2.97	3.95	3.21	3.18	5.37
Other Current Assets	-	0.26	0.21	0.09	0.17	0.33
Total Current Assets	-	208.72	169.63	177.07	192.29	242.11
Property, Plant & Equipment	-	46.09	31.13	29.83	37.03	48.89
Long-Term Investments	-	4.2	4.64	5.11	5.24	5.09
Other Intangible Assets	-	0.13	0.22	0.32	0.37	0.29
Long-Term Accounts Receivable	-	13.37	11.55	12.42	11.06	8.04
Total Assets	-	272.51	217.17	224.75	245.99	304.43
Accounts Payable	-	55.79	43.58	77.47	50.67	60.71
Accrued Expenses	-	16.14	16.16	12.95	17.85	16.48
Short-Term Debt	-	43.58	16.95	23.28	37.97	61.31
Current Portion of Long-Term Debt	-	7.13	8.16	12.39	9.05	14.42
Current Portion of Leases	-	1.75	1.15	0.82	0.89	0.64
Current Income Taxes Payable	-	0.13	0.13	1.41	1.43	1.51
Current Unearned Revenue	-	26.3	34.03	25.79	33.12	33.46
Other Current Liabilities	-	60.58	45.09	16.11	43.32	30.97
Total Current Liabilities	-	211.39	165.23	170.21	194.29	219.5
Long-Term Debt	-	13.55	5.97	11.56	10.82	11.71
Long-Term Leases	-	4.75	2.45	1.34	0.95	1.29
Long-Term Unearned Revenue	-	3.96	7.54	6.74	5.53	7.41
Long-Term Deferred Tax Liabilities	-	0.17	0.35	0.36	0.36	0.32
Total Liabilities	-	249.06	193.84	202.57	225.1	255.26
Common Stock	-	29.07	29.07	29.07	41.52	41.52
Additional Paid-In Capital	-	-	-	-	18.34	18.34
Retained Earnings	-	-5.99	-6.16	-7.47	-39.54	-11.27
Comprehensive Income & Other	-	-0.45	-0.44	-0.31	-0.34	-0.32
Total Common Equity	23.01	22.62	22.46	21.29	19.98	48.27
Minority Interest	-	0.82	0.86	0.88	0.91	0.91
Shareholders' Equity	23.83	23.45	23.33	22.18	20.89	49.18
Total Liabilities & Equity	-	272.51	217.17	224.75	245.99	304.43
Total Debt	76.83	70.77	34.68	49.38	59.67	89.37
Net Cash (Debt)	-68.78	-63.8	-22.87	-31.66	-52.62	-82.46
Net Cash Per Share	-0.24	-0.22	-0.08	-0.11	-0.18	-0.28
Filing Date Shares Outstanding	290.65	290.65	290.65	290.65	328.22	328.22
Total Common Shares Outstanding	290.65	290.65	290.65	290.65	328.22	328.22
Working Capital	-	-2.67	4.4	6.87	-2	22.61
Book Value Per Share	0.08	0.08	0.08	0.07	0.06	0.15
Tangible Book Value	22.86	22.49	22.25	20.98	19.61	47.98
Tangible Book Value Per Share	0.08	0.08	0.08	0.07	0.06	0.15
Land	-	1.28	1.28	1.28	1.28	1.28
Buildings	-	36.04	36.25	36.35	36.78	36.35
Machinery	-	185.76	181.88	184.47	63.82	192.8
Construction In Progress	-	3.78	1.85	0.12	0.11	0.08
Order Backlog	-	579	517	-	-	-

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