Great Lakes Dredge & Dock Corporation (GLDD) 2011年年度报告「NASDAQ」.pdf

1、2011 ANNUAL REPORTGREAT LAKES DREDGE&DOCK CORPORATIONINNOVATION,ENGINEERING&EXECUTIONINFRASTRUCTURE SOLUTIONSDREDGING REMEDIATION DEMOLITION ENVIRONMENTAL SERVICES MATERIAL SUPPLYWith over a century of experience,Great Lakes Dredge&Dock Company has been instrumental in shaping Chicago s early infras

2、tructure and shoreline.Michigan Avenue Improvement and Bridge Work,1920(above left).Reclamation work for the creation of Northerly Island in Chicago,Illinois,circa 1925(above right).REVENUE(In thousands)$627,3330708091011ADJUSTEDEBITDA(In thousands)$93,72107080910 11Looking to the Future:Today,Great

3、 Lakes performs innovative land reclamation projects worldwide.Below is a look at the progression of one such project,Durrat Al Bahrain,located on the south coast of Bahrain.Financial Highlights(In thousands,except per share amounts)RevenueAdjusted EBITDA*Net Income Attributable to Common Stockholde

4、rs of Great Lakes Dredge&Dock Corporation*Diluted Earnings per Share Attributable to Great Lakes Dredge&Dock Corporation*Property and Equipment,Net Net Debt*2007$515,761$57,454$7,056$0.14$296,721$189,5342008$586,879$55,913$4,979$0.09$296,885$207,5752009$622,244$77,624$17,468$0.30$291,157$183,9502010

5、$686,922$103,006$34,609$0.59$323,231$134,3252011$627,333$93,721$16,528$0.28$310,520$142,303*Reconciliation of Adjusted EBITDA to net income attributable to Great Lakes Dredge&Dock is included under Item 7 in our 10-K.*Net Debt represents outstanding debt less cash.*Net Income attributable to Great L

6、akes and Diluted EPS was negatively impacted in 2011 by expense related to our issuance of$250 million in senior notes and subsequent pay off of$175 million in senior subordinated notes.See the notes to our Consolidated Financial Statements and Item 7 in our 10-K.Straightening the south branch of th