Company Quick10K Filing
Golar LNG
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 101 $2,170
20-F 2019-03-29 Annual: 2018-12-31
20-F 2018-04-16 Annual: 2017-12-31
20-F 2017-05-01 Annual: 2016-12-31
20-F 2016-05-02 Annual: 2015-12-31
20-F 2014-04-30 Annual: 2013-12-31
20-F 2013-05-01 Annual: 2012-12-31
20-F 2012-04-30 Annual: 2011-12-31
20-F 2011-04-28 Annual: 2010-12-31
20-F 2010-04-30 Annual: 2009-12-31

Golar LNG Financials

GLNG Metrics, Comps, Filings

Annual | Quarterly

Business

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, FSRUs and FLNGs and the development of LNG projects through our subsidiaries, affiliates and joint venture.

As of March 15, 2019, we, together with our affiliates Golar Partners and Golar Power, have a combined fleet of twenty-seven vessels, comprised of eighteen LNG carriers, eight FSRUs and one FLNG. Of these vessels, six of the FSRUs and four of the LNG carriers are owned by Golar Partners and one of the FSRUs and two of the LNG carriers are owned by Golar Power. Most of the Golar Partners owned vessels are on long-term time charters. Seven of our LNG carriers, one of our FSRUs and two of Golar Power's LNG carriers are participating in the LNG carrier pool, referred to as the Cool Pool. Of the remaining vessels, two of our LNG carriers are on shorter-term time charters, the Gandria is being contemplated for conversion into a FLNG and the Gimi entered Keppel Shipyard Limited's ("Keppel") shipyard in early 2019 to commence initial work for her conversion into a FLNG to service the Greater Tortue Ahmeyim project.

We intend to leverage our relationships with existing customers and continue to develop relationships with other industry participants. Our goal is to earn higher margins through maintaining strong service-based relationships combined with flexible and innovative LNG shipping, FSRU and FLNG solutions. We believe customers place their confidence in our shipping, storage, regasification and liquefaction services based on the reliable and safe way we conduct our, our affiliates' and our joint venture's LNG operations.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Golar LNG (GLNG) 2,170 0% 4,807 2,981 0 0 0 0 4,031
Matson (MATX) 1,621 0% 10.4 4% 2,658 1,892 2,245 0 93 235 2,433
Euronav (EURN) 1,547 0% 4,127 0 0 0 0 1,436
Seaspan (SSW) 1,403 0% 7,478 4,970 0 0 0 0 4,629
Gaslog (GLOG) 1,366 0% 5,175 0 0 0 0 1,366
Ship Finance International (SFL) 1,294 0% 3,878 2,698 0 0 0 0 3,182
Teekay LNG Partners (TGP) 956 0% 5,385 3,502 0 0 0 0 2,721
Frontline (FRO) 944 0% 3,078 1,914 0 0 0 0 2,617
SEACOR Holdings (CKH) 907 0% 6.7 4% 1,603 695 841 0 62 161 1,080
Tidewater (TDW) 866 3% -17.8 -9% 1,792 679 457 12 -158 -51 911
Gaslog Partners (GLOP) 854 0% 2,489 0 0 0 0 854
Golden Ocean Group (GOGL) 852 0% 2,951 1,428 0 0 0 0 1,829
Star Bulk Carriers (SBLK) 815 0% 3,022 1,502 0 0 0 0 601
Malibu Boats (MBUU) 771 24% 8.0 15% 451 241 684 166 70 107 857
Golar LNG Partners (GMLP) 742 0% 2,241 1,481 0 0 0 0 1,756
Knot Offshore Partners (KNOP) 591 0% 1,837 1,105 0 0 0 0 1,636
DHT Holdings (DHT) 581 0% 1,864 1,002 0 0 0 0 1,548
Marine Products (MPX) 557 22% 14.5 25% 114 35 306 68 29 38 544
DryShips (DRYS) 540 0% 1,011 374 0 0 0 0 675
Navigator Holdings (NVGS) 513 0% 1,833 878 0 0 0 0 1,117

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash67425125191105224215704
Accounts Receivable
Inventory321289777
PP&E3431,0431,517677235392140
Assets2,2332,4142,6653,9924,3084,2574,7644,807
Accounts Payable2310131153247010
Long-Term Debt6925056671,3811,8781,7722,4112,565
Liabilities1,4776508611,7092,4132,3472,9682,981
Stockholders' Equity6781,7641,8042,2811,8741,8631,7151,745
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue30041010010610380144431
Cost of Revenue63
Gross Profit237
R&D22
SG&A3425231934465052
Tax-23111121
Net Income681,014136-41-179-161-145-168
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating1172346825-345-3947117
Cash Investing-299-291-533-1,429-256-2-434-202
Cash Financing844151661,470514160377177