Gulf Marine Services PLC
LSE:GMS
Income Statement
Earnings Waterfall
Gulf Marine Services PLC
Revenue
|
151.6m
USD
|
Cost of Revenue
|
-82.2m
USD
|
Gross Profit
|
69.4m
USD
|
Operating Expenses
|
-14.6m
USD
|
Operating Income
|
54.8m
USD
|
Other Expenses
|
-13.4m
USD
|
Net Income
|
41.3m
USD
|
Income Statement
Gulf Marine Services PLC
Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|
Revenue | |||||||
Revenue |
104
N/A
|
115
+11%
|
130
+13%
|
133
+2%
|
141
+6%
|
152
+7%
|
|
Gross Profit | |||||||
Cost of Revenue |
(70)
|
(70)
|
(73)
|
(80)
|
(81)
|
(82)
|
|
Gross Profit |
34
N/A
|
46
+36%
|
57
+24%
|
53
-7%
|
60
+14%
|
69
+15%
|
|
Operating Income | |||||||
Operating Expenses |
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(15)
|
|
Selling, General & Administrative |
(10)
|
(10)
|
(11)
|
(10)
|
(10)
|
(11)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Operating Income |
21
N/A
|
33
+58%
|
43
+30%
|
40
-9%
|
47
+18%
|
55
+17%
|
|
Pre-Tax Income | |||||||
Interest Income Expense |
(27)
|
(19)
|
(13)
|
(18)
|
(28)
|
(30)
|
|
Non-Reccuring Items |
(91)
|
15
|
15
|
8
|
8
|
33
|
|
Gain/Loss on Disposition of Assets |
(2)
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(15)
|
3
|
(1)
|
(3)
|
(4)
|
(13)
|
|
Pre-Tax Income |
(114)
N/A
|
33
N/A
|
45
+36%
|
27
-39%
|
23
-17%
|
45
+100%
|
|
Net Income | |||||||
Tax Provision |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
|
Income from Continuing Operations |
(116)
|
31
|
42
|
25
|
21
|
42
|
|
Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
Net Income (Common) |
(116)
N/A
|
31
N/A
|
42
+36%
|
25
-40%
|
21
-19%
|
41
+101%
|
|
EPS (Diluted) |
-0.11
N/A
|
0.04
N/A
|
0.04
N/A
|
0.02
-50%
|
0.02
N/A
|
0.04
+100%
|