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GULF ISLAND FAB   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Revenue93.45117.73303.31221.25171.02286.33306.12506.64608.33521.34
Total Revenues93.45117.73303.31221.25171.02286.33306.12506.64608.33521.34
Cost of Revenue91.79125.60320.31228.44213.95261.47321.28462.08584.67503.00
Asset impairments--------------------
Provision for loss on contract receivable------------------14.50
Gross Profit1.66(7.87)(17.00)(7.20)(42.93)24.85(15.16)44.5623.663.84
General and administrative expenses11.8512.7315.6319.0217.8019.6716.2617.4111.569.81
Other (income) expense, net(3.30)9.180.13(0.30)0.050.68--------
Asset impairments--(2.49)(17.53)6.85(7.93)--(7.20)(3.20)----
Operating Income (Loss)(13.48)(13.90)(50.02)(19.67)(68.61)5.86(38.61)23.9512.11(5.97)
Interest expense0.400.27(0.53)0.140.350.310.170.040.240.15
Interest income------------0.030.010.000.59
Other-net------------0.02(0.10)(0.34)0.13
Gain on extinguishment of debt9.06------------------
Total Non-Operating Income/Expense------------(0.12)(0.12)(0.57)--
Income (loss) before income taxes(4.82)(14.17)(49.49)(19.81)(68.96)5.56(38.73)23.8211.54(5.41)
Income taxes(0.02)(0.05)(0.10)0.57(24.19)2.04(13.37)8.504.30(1.31)
Current Tax : Federal--------(0.08)(0.30)0.22(0.11)----
Current Tax : State--(0.02)0.09(0.32)--(0.36)0.470.460.250.53
Deferred Tax : Federal2.192.7210.313.4124.22(1.55)(13.61)8.124.05(1.75)
Deferred Tax : State(0.02)2.460.090.640.450.17(0.45)0.03--(0.10)
Deferred Tax : Valuation allowance(2.14)(5.11)(10.39)(4.31)(0.39)----------
Income (loss) from Continuing Operations(4.80)(14.12)----------------
Loss from discontinued operations, net of taxes(17.37)(13.31)----------------
Net income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle--------------------
Net Income (loss)(22.17)(27.43)(49.39)(20.38)(44.77)3.52(25.36)15.327.23(4.09)
Less: Net income attributable to participating securities (unvested restricted stock)----------0.03--0.100.080.05
Net Income (Loss) Available to Common Shareholders(22.17)(27.43)(49.39)(20.38)(44.77)3.49(25.36)15.227.16(4.14)
Less: Net income attributable to participating securities (unvested restricted stock) (Diluted)------------------0.05
Net income attributable to common shareholders (Diluted)------------------(4.14)
Net income before cumulative effect of change in accounting principle--------------------
Basic Loss from Continued Operations(0.31)(0.92)----------------
Basic Loss from Discontinued Operations(1.12)(0.87)----------------
Cumulative effect of change in accounting principle- Basic--------------------
Earnings per share data (Basic)(1.43)(1.79)(3.24)(1.36)(3.02)0.24(1.75)1.050.50(0.29)
Net income before cumulative effect of change in accounting principle--------------------
Diluted Loss from Continued Operations(0.31)(0.92)----------------
Diluted loss from discontinued operations(1.12)(0.87)----------------
Cumulative effect of change in accounting principle- Diluted--------------------
Earnings per share data (Diluted)(1.43)(1.79)(3.24)(1.36)(3.02)0.24(1.75)1.050.50(0.29)
Weighted Average Shares Outstanding (Basic)15.5115.3115.2315.0314.8414.6314.5514.5114.4614.40
Weighted Average Shares Outstanding (Diluted)15.5115.3115.2315.0314.8414.6314.5514.5114.4714.40