Company Information

  

Address: 2ND FLOOR, S.E. PEARMAN BUILDING
9 PAR-LA-VILLE ROAD 
City: HAMILTON 
State:  
Zip Code: HM 11 
Telephone: 441-295-4705 

Description of Business

Primary SIC Code: 4400
(As filed with the SEC)  

We are a midstream LNG company engaged primarily in the transportation and regasification of LNG and the liquefaction of natural gas. We are engaged in the acquisition, ownership, operation and chartering of LNG carriers and FSRUs, and the development of LNG projects, including the provision of FLNGs, through our subsidiaries, affiliates and joint ventures. As of April 6, 2018, we, together with our affiliates Golar Partners and Golar Power, have a combined fleet of 26 vessels, comprised of 18 LNG carriers, seven FSRUs and one FLNG. Of these vessels, six of the FSRUs and four of the LNG carriers are owned by Golar Partners and are mostly on long-term time charters. Eight of our vessels and two of Golar Power's vessels are participating in the LNG carrier pool, referred to as the Cool Pool. In addition our affiliate, Golar Power, has one newbuilding commitment for the construction of a FSRU, which is scheduled for delivery from the shipyard in the second half of 2018.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2017-1.790.050N/E
12/2016-1.990.050N/E
12/2015-1.830.450N/E
12/20131.590.45022.82
12/201211.660.4253.15
12/20110.620.30071.69

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.10Total Liab/Total Assets0.64
Net Inc/Total Assets-0.04Total Liab/Inv Cap1.75
Net Inc/Inv Cap-0.10Total Liab/Comm Equity1.68
Pretax Inc/Net Sales-0.72Interest Coverage Ratio-0.74
Net Inc/Net Sales-1.25Curr Debt/Equity0.81
Cash Flow/Net Sales0.33LTD/Equity0.60
SG&A/NetSales0.62Total Debt/Equity1.41
Asset Utilization   Liquidity  
Net Receivables Turnover10.86Quick Ratio0.29
Inventory Turnover10.70Current Ratio0.29
Inventory Day Sales0.03Net Rec/Curr Assets0.05
Net Sales/Work Cap-0.12Inv/Curr Assets0.02
Net Sales/PP&E0.04  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Revenues(Net Sales) 143.54 80.26 102.67 106.16
Cost of Goods Sold 78.46 89.59 125.39 76.91
Selling & Admin Exps 89.12 57.08 33.53 24.34
Operating Income -85.46 -141.09 -36.38 -2.12
Interest Exp 59.31 71.20 68.79 17.79
Pretax Income -103.23 -209.25 -114.44 -46.41
Other Income 41.54 3.05 -9.27 -26.51
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -179.70 -186.53 -171.15 -48.02

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Cash & Short Term Investments 437.13 407.88 333.44 265.57
Receivables - Total 22.88 3.57 4.47 51.88
Inventories - Total 7.41 7.26 8.65 8.32
Total Current Assets 473.46 426.22 638.35 738.63
Net Property, Plant & Equipment 3,254.55 2,885.82 2,850.73 2,338.64
Total Assets 4,764.29 4,256.91 4,269.20 3,899.74
Liabilities        
Accounts Payable 185.06 238.69 113.74 41.94
Debt in Current Liabilities 1,384.93 451.45 491.40 112.85
Total Current Liabilities 1,632.27 769.13 954.43 361.40
Long-Term Debt 1,025.91 1,525.74 1,344.51 1,241.13
Total Liabilities 3,048.97 2,393.65 2,373.83 1,663.98
Stockholder's Equity        
Minority Interest 80.99 46.56 20.81 1.66
Preferred Stock NA NA NA NA
Common Stock 101.12 101.08 93.55 93.42
Retained Earnings -95.74 103.65 308.87 641.84
Treasury Stock -20.48 -20.48 -12.27 0.00
Total Stockholders' Equity 1,715.32 1,863.26 1,895.37 2,235.77
Total Liabilities and Stockholders' Equity 4,764.29 4,256.91 4,269.20 3,899.74

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Cash Provided by Operating Activities 47.13 -38.55 -344.65 24.87
Net Cash Provided by Investing Activities -433.77 -2.22 -255.96 -1,429.27
Net Cash Provided by Financing Activities 377.31 159.73 514.43 1,470.46

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201399.83109.561.59
12/2014106.16-48.02--
12/2015102.67-171.15-1.83
12/201680.26-186.53-1.99
12/2017143.54-179.70-1.79
Growth Rates9.50----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/1824981,16580.28




Report Date : 6/18/2018

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