GulfMark

Our primary business is marine transportation services in support of the upstream oil and gas industry. Since entering the market in 1990, we have steadily evolved into a global, growth-oriented marine services provider known for our technologically advanced fleet and quality performance. We have earned a reputation for consistent performance, safe operations and a dedication to exceptional service. With a commitment to meeting the needs of our clients in the ever-changing offshore environment, we have grown rapidly through the continuous expansion and modernization of our fleet. Newly constructed vessels added since 2005, represent more than 60%. We continue to add a diverse mix of highly capable vessels whilst selling older, non-strategic assets, and remain one of the youngest global fleets in the industry. Starting with a strong position in the North Sea, where we are the largest operator of Platform Supply Vessels, we have built a balanced global footprint in major energy-producing regions. We now operate significant fleets in the high-growth markets of Southeast Asia and in the Americas, including the high-potential deepwater basins offshore Brazil and the Gulf of Mexico. Our fleet includes 72 offshore vessels in various markets throughout the world.
Type
Public
HQ
Houston, US
Founded
1996
Size (employees)
1,100 (est)
GulfMark was founded in 1996 and is headquartered in Houston, US

GulfMark Office Locations

GulfMark has an office in Houston
Houston, US (HQ)
400 842 West Sam Houston Pkwy N

GulfMark Data and Metrics

GulfMark Financial Metrics

GulfMark's revenue was reported to be $123.7 m in 2016 which is a 75% decrease from the previous period.
Numbers are in $, USD

Revenue (Y, 2016)

123.7 m

Net income (Y, 2016)

(203 m)

EBIT (Y, 2016)

(231.3 m)

Market capitalization (21-Mar-2017)

10.3 m

Closing share price (21-Mar-2017)

0.4

Cash (31-Dec-2016)

8.8 m
GulfMark's current market capitalization is $10.3 m.
Numbers are in $, USDY, 2013Y, 2014Y, 2016

Revenue

454.6 m495.8 m123.7 m

Revenue growth, %

9%

Operating expense total

354.1 m394.1 m355 m

EBIT

100.5 m101.7 m(231.3 m)

EBIT margin, %

22%21%(187%)

Interest expense

23.8 m29.3 m33.5 m

Interest income

202 k307 k133 k

Pre tax profit

75.6 m71.6 m(242.4 m)

Income tax expense

(5 m)(9.3 m)39.5 m

Net Income

70.6 m62.4 m(203 m)
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

60.6 m50.8 m21.9 m8.8 m

Accounts Receivable

Inventories

18.1 m17.8 m16.6 m7.5 m

Current Assets

190.1 m166.7 m87 m52.9 m

Goodwill

30.7 m25 m

Total Assets

1.8 b1.7 b1.4 b1.1 b

Accounts Payable

27.2 m22.5 m13.2 m11.7 m

Current Liabilities

73.5 m67.4 m47.5 m525.2 m

Additional Paid-in Capital

402.3 m410.6 m417.3 m412 m

Retained Earnings

623.2 m659.4 m444.2 m241.2 m

Total Equity

1.1 b968.8 m698.3 m449.6 m

Financial Leverage

1.7 x1.8 x2 x2.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

70.6 m62.4 m(215.2 m)(203 m)

Depreciation and Amortization

64 m75.3 m72.6 m58.2 m

Accounts Receivable

(18 m)5.7 m47.3 m15.1 m

Inventories

Accounts Payable

(1.7 m)(3.9 m)(8.6 m)(593 k)

Cash From Operating Activities

126.7 m153.8 m43.4 m(23.3 m)

Cash From Investing Activities

(210.1 m)(121.1 m)(22.8 m)(9.7 m)

Cash From Financing Activities

(39.6 m)(40 m)(47.3 m)20.2 m

Interest Paid

21.5 m27.1 m29.8 m30.8 m
Numbers are in $, USDY, 2016

Revenue/Employee

112.5 k

Financial Leverage

2.3 x

GulfMark Market Value History

GulfMark Online and Social Media Presence

GulfMark Company Life and Culture

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