Todd Shipyards Corporation
Todd Shipyards Corporation was once one of the leading shipbuilders and repairers in the U.S. In the 1980s, however, it suffered both from the Reagan-era wind-down in shipbuilding and from some stunningly stupid management decisions. In 1986/87 it sold its shipyards in Brooklyn, Houston, New Orleans and San Francisco, and in 1990 it closed its shipyards in Galveston and Los Angeles, turning the properties over to the local government. Since then, it has operated only the Seattle shipyard. Todd's financial year ends on March 31.
|
Data Extracted from the Company's 10-Ks ($mm) |
Other Interesting Data |
|||||||||||
|
Year |
Revenue |
Operating Profit |
Total Assets |
Property, Plant & Equipment |
Annual Dep'n |
Cum. Dep'n |
Cap Ex |
Average Number of
Employees
|
Revenue per
Employee ($000)
|
Profit as a % of
Revenue
|
Asset Turnover
|
Cap Ex per
Employee
|
|
1985
|
507
|
299
|
406
|
256
|
13
|
65
|
10
|
4,945
|
102
|
6%
|
1.25
|
1,990
|
|
1986
|
414
|
(1)
|
497
|
303
|
13
|
75
|
17
|
4,740
|
87
|
0%
|
0.83
|
3,530
|
|
1987
|
417
|
(92)
|
445
|
292
|
16
|
83
|
11
|
2,823
|
148
|
(22%)
|
0.94
|
3,840
|
|
1988
|
351
|
(17)
|
394
|
296
|
16
|
100
|
3
|
3,140
|
112
|
(5%)
|
0.89
|
1,080
|
|
1989
|
375
|
(6)
|
340
|
181
|
10
|
57
|
1
|
1,670
|
225
|
(2%)
|
1.10
|
780
|
|
1990
|
242
|
5
|
368
|
60
|
6
|
29
|
1
|
2,552
|
95
|
2%
|
0.66
|
590
|
|
1991
|
187
|
29
|
118
|
60
|
3
|
31
|
1
|
1,278
|
147
|
16%
|
1.59
|
1,030
|
|
1992
|
147
|
22
|
139
|
59
|
3
|
32
|
2
|
1,278
|
115
|
15%
|
1.06
|
1,230
|
|
1993
|
54
|
(14)
|
129
|
60
|
3
|
35
|
1
|
900
|
60
|
(26%)
|
0.42
|
1,000
|
|
1994
|
69
|
(7)
|
111
|
62
|
3
|
38
|
3
|
700
|
98
|
(10%)
|
0.62
|
3,790
|
|
1995
|
69 |
(1) |
111 |
62 |
3 |
41 |
3 |
700
|
99 |
(1%) |
0.62 |
4,700
|
|
1996 |
102 |
1 |
121 |
66 |
3 |
44 |
5 |
1,100 |
93 |
1% |
0.85 |
4,500 |
|
1997 |
114 |
(26) |
116 |
67 |
4 |
48 |
2 |
1,100 |
104 |
(23%) |
0.97 |
1,670 |
|
1998 |
110 |
3 |
124 |
67 |
3 |
46 |
1 |
1,120 |
98 |
3% |
0.94 |
893 |
|
1999 |
106 |
10 |
137 |
68 |
3 |
49 |
1 |
1,100 |
96 |
9% |
0.82 |
771 |
|
2000 |
124 |
6 |
139 |
69 |
3 |
52 |
1 |
900 |
138 |
5% |
0.94 |
942 |
|
2001 |
117 |
12 |
165 |
72 |
3 |
54 |
3 |
800 |
146 |
10% |
0.71 |
1,960 |
|
2002 |
122 |
7 |
134 |
74 |
3 |
57 |
2 |
800 |
152 |
6% |
0.90 |
2,700 |
| 2003 |
152 |
5 |
142 |
76 |
3 |
60 |
3 |
1,000 |
152 |
3% |
1.07 |
2,800 |
| 2004 |
148 |
2 |
148 |
91 |
3 |
63 |
15 |
1,100 |
135 |
1% |
1.00 |
13,700 |
| 2005 |
134 |
12 |
156 |
90 |
1 |
64 |
3 |
750 |
179 |
9% |
0.86 |
4,400 |
| 2006 |
202 |
11 |
147 |
96 |
2 |
66 |
6 |
1,100 |
184 |
5% |
1.37 |
5,800 |
| 2007 |
125 |
0 |
120 |
102 |
4 |
70 |
6 |
800 |
156 |
0% |
1.04 |
7,500 |
| 2008 |
139 |
6 |
110 |
105 |
5 |
75 |
3 |
800 |
174 |
4% |
1.26 |
3,750 |