Gulf Island Fabrication, Inc. (GIFI)

Gulf Island Fabrication 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	21.33	38.18	33.22	52.89	43.16	49.7
Short-Term Investments	44.02	8.23	9.91	-	8	19.92
Cash & Short-Term Investments	65.35	46.41	43.13	52.89	51.16	69.62
Cash Growth	61.11%	7.61%	-18.45%	3.38%	-26.52%	-12.07%
Accounts Receivable	29.32	39.04	34.27	20.75	19.19	78.22
Receivables	29.32	39.04	34.27	20.75	19.19	78.22
Inventory	2.27	2.07	1.6	1.78	2.16	2.68
Prepaid Expenses	4.07	6.99	6.48	6.97	7.94	3.95
Restricted Cash	1.48	1.48	1.6	1.3	-	-
Other Current Assets	-	5.64	-	-	72.32	9.01
Total Current Assets	102.48	101.63	87.07	83.68	152.76	163.47
Property, Plant & Equipment	24.68	23.15	31.15	34.67	31.18	70.48
Goodwill	2.22	2.22	2.22	2.22	-	-
Other Intangible Assets	0.59	0.7	0.84	0.98	-	-
Long-Term Accounts Receivable	-	-	-	12.5	12.5	12.5
Other Long-Term Assets	0.79	0.74	13.58	1.23	40.3	6.32
Total Assets	130.77	128.43	134.87	135.27	236.74	252.78
Accounts Payable	5.54	8.47	8.31	9.28	12.36	61.54
Accrued Expenses	14.16	14.04	14.28	14.03	13.76	10.03
Current Portion of Long-Term Debt	1.08	1.08	-	-	5.5	-
Current Portion of Leases	-	0.8	-	-	-	-
Current Unearned Revenue	1.48	5.47	8.2	6.65	10.26	26.27
Other Current Liabilities	-	-	-	-	63.81	-
Total Current Liabilities	22.25	29.85	30.79	29.95	105.69	97.84
Long-Term Debt	18.93	18.93	-	-	4.5	-
Long-Term Leases	0.79	0.55	-	-	-	-
Long-Term Deferred Tax Liabilities	-	0.06	0.1	0.08	0.11	0.19
Other Long-Term Liabilities	-	0.07	1.35	1.33	1.96	2.06
Total Liabilities	41.97	49.46	32.24	31.37	112.26	100.09
Common Stock	11.67	11.73	11.59	11.38	11.22	11.12
Additional Paid-In Capital	108.06	108.62	107.37	105.51	104.07	103.12
Retained Earnings	-30.93	-41.37	-16.34	-12.99	9.18	38.44
Shareholders' Equity	88.8	78.97	102.62	103.91	124.48	152.69
Total Liabilities & Equity	130.77	128.43	134.87	135.27	236.74	252.78
Total Debt	20.79	21.35	-	-	10	-
Net Cash (Debt)	44.56	25.06	43.13	52.89	41.16	69.62
Net Cash Growth	12.13%	-41.89%	-18.45%	28.50%	-40.88%	-12.07%
Net Cash Per Share	2.67	1.55	2.72	3.41	2.69	4.57
Filing Date Shares Outstanding	16.35	16.2	15.97	15.78	15.52	15.29
Total Common Shares Outstanding	16.41	16.26	15.97	15.62	15.36	15.26
Working Capital	80.23	71.78	56.28	53.72	47.06	65.63
Book Value Per Share	5.41	4.86	6.42	6.65	8.10	10.00
Tangible Book Value	85.99	76.05	99.57	100.71	124.48	152.69
Tangible Book Value Per Share	5.24	4.68	6.23	6.45	8.10	10.00
Land	-	2.1	4.38	4.42	4.22	4.97
Buildings	-	19.23	25.58	25.74	25.04	35.58
Machinery	-	67.17	71.21	73.85	65.88	131.43
Construction In Progress	-	2.06	2.88	0.71	3.09	2.64
Order Backlog	-	12.95	114.88	17.07	42.57	437.33

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