The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 8, 2020. Its latest SEC filing is a 15-12B from Jun 30, 2020.
10-Q for Q1 FY2020, filed May 8, 2020
The sections below describe the company as of the FY2019 annual report.
Builds energy infrastructure and provides engineering and technology services for oil and gas companies, petrochemical producers and electric power producers.
10-K for FY2019, filed Feb 28, 2020McDermott International, Inc. (“McDermott”), a corporation incorporated under the laws of the Republic of Panama in 1959, is a fully…View ↗
Customers pay for engineering and construction projects, mainly under fixed-price contracts; most long-term contracts include progress payments. Most project revenue is earned as work progresses, with some earned at a single point in time.
10-K for FY2019, filed Feb 28, 2020 10-K for FY2016, filed Feb 21, 2017We are a fully integrated provider of engineering, procurement, construction and installation (“EPCI”) and technology solutions to the…View ↗
As described in Note 2 to the financial statements, the Company generally recognizes revenue for fixed price contracts over time using an…View ↗
Year ended December 31, 2019 (2) 2018 (2) 2017 (2) (In millions) Revenue by product offering: Offshore and subsea $ 2,845 $ 2,289 $ 2,985…View ↗
We have contracts that extend beyond one year. Most of our long-term contracts have provisions for progress payments. We attempt to cover…View ↗
$8.4B
10-K for FY2019, filed Feb 28, 2020
$8.4B ↗
National, major integrated and other oil and gas companies, along with petrochemical and electric power producers, hire McDermott for projects; contracts are usually awarded through competitive bidding.
10-K for FY2019, filed Feb 28, 2020
No. It lost $2.9B in FY2019.
10-K for FY2019, filed Feb 28, 2020
−$2.1BView ↗
10-K for FY2019, filed Feb 28, 2020
−$2.9BView ↗
10-K for FY2019, filed Feb 28, 2020
−$1.1BView ↗
10-Q for Q1 FY2020, filed May 8, 2020
−$1.4BView ↗
8-K, filed Mar 18, 2020
On March 12, 2020, the Bankruptcy Court entered the Order Approving the Debtors’ Disclosure Statement and Confirming the Second Amended…View ↗
Broader energy project scope The older report focused on offshore oil and gas field development, including production facilities, pipelines and subsea systems. The latest describes a broader range of energy projects, including liquefied natural gas, power, oil and gas processing, and technology solutions.
Competes with Axens, Bechtel Group, China Offshore Oil Engineering, Fluor, Honeywell/UOP, Hyundai Heavy Industrial, KBR, Kiewit, Larsen and Toubro, Lyondell Basell Industries, Petrofac International, Saipem, Samsung Heavy Industries, Subsea 7, Techidas Reunidas, TechnipFMC, Wood, WorleyParsons, and W.R. Grace
10-K for FY2019, filed Feb 28, 2020We operate in a competitive environment. Technology performance, price, timeliness of completion, quality, safety record, track record and…View ↗
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