$11.5 M

BDCO Mkt cap, 08-Oct-2018

$340.8 M

Blue Dolphin Energy Revenue FY, 2018
Blue Dolphin Energy Net income (FY, 2018)-523 K
Blue Dolphin Energy EBIT (FY, 2018)2.6 M
Blue Dolphin Energy Cash, 31-Dec-201814 K

Blue Dolphin Energy Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

409.5m387.5m221.7m167.9m258.4m340.8m

Revenue growth, %

(5%)(43%)(24%)

Sales and marketing expense

26.4k

General and administrative expense

1.8m1.4m1.5m2.7m4.0m3.3m

Operating expense total

1.9m1.5m1.6m2.8m4.0m3.3m

EBIT

(3.8m)9.6m7.6m(12.2m)(21.9m)2.6m

EBIT margin, %

(1%)2%3%(7%)(8%)1%

Interest expense

1.1m892.4k

Interest income

3.1k

Pre tax profit

(3.7m)10.2m6.8m(12.2m)(22.3m)(783.0k)

Income tax expense

5.6m(2.4m)(3.6m)260.0k

Net Income

(3.8m)15.8m4.4m(15.8m)(22.3m)(523.0k)

Blue Dolphin Energy Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

434.7k1.3m1.9m1.2m495.3k14.0k

Accounts Receivable

13.5m8.3m5.5m2.0m1.4m379.0k

Inventories

4.7m771.5k7.8m2.1m3.1m1.5m

Current Assets

20.5m14.7m23.1m10.9m7.0m4.0m

PP&E

36.4m48.8m64.6m64.7m

Total Assets

57.7m60.4m91.4m75.4m73.4m70.7m

Accounts Payable

20.8m12.4m14.9m14.6m2.3m2.7m

Short-term debt

11.9k

Current Liabilities

28.4m17.9m20.2m48.8m76.5m75.9m

Long-term debt

13.9m35.2m

Non-Current Liabilities

17.1m14.6m38.8m9.9m1.7m

Total Debt

13.9m35.2m

Total Liabilities

45.6m32.4m59.0m58.7m78.1m75.9m

Common Stock

105.8k106.0k106.0k106.2k109.3k110.0k

Additional Paid-in Capital

36.6m36.7m36.7m36.8m36.9m36.9m

Retained Earnings

(23.8m)(8.1m)(3.7m)(19.4m)(41.7m)(42.3m)

Total Equity

12.1m28.0m32.4m16.7m(4.7m)(5.2m)

Financial Leverage

4.8 x2.2 x2.8 x4.5 x-15.5 x-13.5 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

314.8k295.9k1.4m1.2m2.5m1.5m560.3k2.2m1.7m65.1k44.9k733.0k361.0k24.0k

Accounts Receivable

8.2m9.7m8.1m11.4m7.1m7.8m3.3m9.1m7.4m206.2k436.3k627.6k539.0k1.1m1.7m

Inventories

4.4m4.4m7.5m7.6m3.8m5.6m14.9m9.7m8.8m4.4m3.8m2.8m2.3m4.2m2.6m

Current Assets

14.6m16.5m19.2m22.2m21.3m25.2m28.2m26.3m22.4m9.1m7.1m7.8m5.7m8.3m5.1m

PP&E

35.9m36.4m36.2m37.2m42.8m46.1m53.1m57.6m61.3m63.9m64.3m64.4m64.8m65.0m65.1m

Total Assets

51.3m54.5m57.1m61.0m81.8m86.2m95.2m99.2m96.4m74.3m72.5m72.9m72.4m75.2m72.2m

Accounts Payable

15.0m15.9m16.8m20.0m13.3m16.5m24.7m32.4m23.9m13.2m3.7m2.8m1.8m2.0m2.6m

Short-term debt

30.2k1.9m1.8m3.0m89.7k

Current Liabilities

40.1m22.6m23.7m26.6m19.7m20.2m59.9m67.0m59.8m51.4m72.7m74.9m77.2m78.3m76.1m

Long-term debt

1.3m9.8m9.7m1.8m3.0m28.9m89.7k31.0k21.0k10.0k

Non-Current Liabilities

3.2m13.6m13.6m13.9m30.2m32.9m5.1m5.0m11.5m8.1m9.5m3.7m62.0k42.0k20.0k

Total Debt

1.3m9.8m11.7m3.6m6.0m28.9m179.3k31.0k21.0k10.0k

Total Liabilities

43.4m36.2m37.3m40.4m50.0m53.1m64.9m72.0m71.2m59.5m82.2m78.6m77.3m78.3m76.2m

Common Stock

105.8k105.8k106.0k106.0k106.0k106.0k106.1k106.1k106.1k109.0k109.0k109.0k

Additional Paid-in Capital

36.6m36.6m36.7m36.7m36.7m36.7m36.8m36.8m36.8m36.8m36.9m36.9m36.9m36.9m36.9m

Retained Earnings

(28.0m)(17.6m)(16.2m)(15.4m)(4.2m)(3.0m)(5.8m)(9.0m)(10.9m)(21.3m)(46.7m)(42.7m)(41.9m)(40.1m)(41.0m)

Total Equity

8.0m18.3m19.8m20.6m31.8m33.1m30.3m27.1m25.2m14.9m(9.7m)(5.7m)(4.9m)(3.0m)(4.0m)

Debt to Equity Ratio

0.2 x0 x0 x

Debt to Assets Ratio

0.1 x0 x0 x

Financial Leverage

6.4 x3 x2.9 x3 x2.6 x2.6 x3.1 x3.7 x3.8 x5 x-7.5 x-12.7 x-14.8 x-24.7 x-18.1 x

Blue Dolphin Energy Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(3.8m)15.8m4.4m(15.8m)(22.3m)(523.0k)

Accounts Receivable

1.1m5.1m2.9m3.6m584.1k978.0k

Inventories

(2.4m)(437.8k)(4.6m)5.7m(1.0m)1.6m

Cash From Operating Activities

1.0m7.2m7.9m(3.9m)(4.9m)1.0m

Cash From Investing Activities

(1.3m)(1.7m)(29.6m)(14.1m)(2.4m)(2.0m)

Long-term Borrowings

(224.8k)(373.0k)(3.0m)

Cash From Financing Activities

266.7k(4.6m)22.2m3.4m3.4m543.0k

Interest Paid

1.4m1.6m2.4m2.7m2.8m

Income Taxes Paid

139.5k

Free Cash Flow

(453.9k)5.5m(4.3m)(18.0m)(7.4m)(1.0m)

Blue Dolphin Energy Ratios

USDY, 2018

Financial Leverage

-13.5 x