$OII
Oceaneering International Inc

2012 Q1 Form 10-Q Financial Statement

#000007375612000007 Filed on May 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q4 2011 Q1
Revenue $594.9M $574.2M $470.4M
YoY Change 26.46% 14.54% 8.09%
Cost Of Revenue $471.6M $443.5M $371.6M
YoY Change 26.9% 15.55% 10.77%
Gross Profit $123.3M $130.7M $98.80M
YoY Change 24.8% 11.23% -0.9%
Gross Profit Margin 20.73% 22.76% 21.0%
Selling, General & Admin $47.32M $48.30M $37.73M
YoY Change 25.39% 10.27% 0.89%
% of Gross Profit 38.37% 36.95% 38.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.60M $38.50M $35.40M
YoY Change 14.69% -2.53% -9.23%
% of Gross Profit 32.93% 29.46% 35.83%
Operating Expenses $47.32M $48.20M $37.73M
YoY Change 25.39% 10.05% 1.16%
Operating Profit $75.99M $82.47M $61.07M
YoY Change 24.43% 11.9% -2.14%
Interest Expense $545.0K $900.0K $147.0K
YoY Change 270.75% 350.0% -114.7%
% of Operating Profit 0.72% 1.09% 0.24%
Other Income/Expense, Net -$1.473M $1.800M -$141.0K
YoY Change 944.68% -250.0% -85.9%
Pretax Income $75.10M $85.20M $61.40M
YoY Change 22.31% 17.03% 1.66%
Income Tax $23.66M $26.90M $19.35M
% Of Pretax Income 31.51% 31.57% 31.51%
Net Earnings $51.46M $58.30M $42.07M
YoY Change 22.31% 21.97% 7.32%
Net Earnings / Revenue 8.65% 10.15% 8.94%
Basic Earnings Per Share $0.48 $0.39
Diluted Earnings Per Share $0.47 $536.3K $0.39
COMMON SHARES
Basic Shares Outstanding 108.2M shares 108.4M shares
Diluted Shares Outstanding 108.8M shares 109.0M shares

Balance Sheet

Concept 2012 Q1 2011 Q4 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $127.5M $106.1M $186.9M
YoY Change -31.78% -56.73% -15.05%
Cash & Equivalents $127.5M $106.1M $186.9M
Short-Term Investments
Other Short-Term Assets $69.42M $73.07M $75.60M
YoY Change -8.17% -6.02% 34.52%
Inventory $257.1M $255.1M $238.3M
Prepaid Expenses $52.36M
Receivables $519.1M $549.8M $456.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $973.1M $984.1M $956.7M
YoY Change 1.71% 0.06% 1.16%
LONG-TERM ASSETS
Property, Plant & Equipment $948.6M $893.3M $835.8M
YoY Change 13.5% 13.6% 12.49%
Goodwill $339.9M $333.5M
YoY Change 132.82%
Intangibles $70.61M
YoY Change 217.95%
Long-Term Investments $46.64M $49.61M $49.61M
YoY Change -5.98% -4.27% -12.97%
Other Assets $146.3M $140.0M $71.60M
YoY Change 104.34% 113.54% 31.86%
Total Long-Term Assets $1.481B $1.416B $1.137B
YoY Change 30.31% 35.28% 15.66%
TOTAL ASSETS
Total Short-Term Assets $973.1M $984.1M $956.7M
Total Long-Term Assets $1.481B $1.416B $1.137B
Total Assets $2.455B $2.401B $2.094B
YoY Change 17.24% 18.22% 8.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $125.6M $111.4M $100.7M
YoY Change 24.72% 30.16% 0.8%
Accrued Expenses $353.7M $335.2M $294.5M
YoY Change 20.09% 6.6% 19.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $526.0M $501.4M $429.7M
YoY Change 22.41% 13.99% 7.4%
LONG-TERM LIABILITIES
Long-Term Debt $100.0M $120.0M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $216.6M $221.2M $208.1M
YoY Change 4.07% 10.36% 37.36%
Total Long-Term Liabilities $316.6M $341.2M $208.1M
YoY Change 52.12% 70.23% -23.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $526.0M $501.4M $429.7M
Total Long-Term Liabilities $316.6M $341.2M $208.1M
Total Liabilities $842.6M $842.6M $637.8M
YoY Change 32.1% 31.59% -5.02%
SHAREHOLDERS EQUITY
Retained Earnings $1.462B $1.427B
YoY Change 15.08%
Common Stock $230.5M $230.3M
YoY Change 4.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $64.83M $71.70M
YoY Change 16.8%
Treasury Stock Shares 2.531M shares 2.927M shares
Shareholders Equity $1.612B $1.558B $1.456B
YoY Change
Total Liabilities & Shareholders Equity $2.455B $2.401B $2.094B
YoY Change 17.24% 18.22% 8.55%

Cashflow Statement

Concept 2012 Q1 2011 Q4 2011 Q1
OPERATING ACTIVITIES
Net Income $51.46M $58.30M $42.07M
YoY Change 22.31% 21.97% 7.32%
Depreciation, Depletion And Amortization $40.60M $38.50M $35.40M
YoY Change 14.69% -2.53% -9.23%
Cash From Operating Activities $146.4M $142.4M $48.89M
YoY Change 199.56% 1.79% -46.98%
INVESTING ACTIVITIES
Capital Expenditures $83.42M -$71.60M $53.86M
YoY Change 54.88% 240.95% -248.78%
Acquisitions $9.260M $55.63M
YoY Change -83.36%
Other Investing Activities -$8.900M -$235.6M -$53.60M
YoY Change -83.4% 980.73%
Cash From Investing Activities -$92.32M -$307.2M -$107.5M
YoY Change -14.12% 616.08% 196.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$32.77M 104.8M $255.0K
YoY Change -12949.8% -85.0%
NET CHANGE
Cash From Operating Activities $146.4M 142.4M $48.89M
Cash From Investing Activities -$92.32M -307.2M -$107.5M
Cash From Financing Activities -$32.77M 104.8M $255.0K
Net Change In Cash $21.35M -60.00M -$58.36M
YoY Change -136.58% -161.86% -201.14%
FREE CASH FLOW
Cash From Operating Activities $146.4M $142.4M $48.89M
Capital Expenditures $83.42M -$71.60M $53.86M
Free Cash Flow $63.02M $214.0M -$4.974M
YoY Change -1367.03% 33.0% -103.87%

Facts In Submission

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1611955000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1557962000 USD
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2531039 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2799118 shares
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
64833000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
71700000 USD
CY2012Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Use of Estimates. </font><font style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires that our management make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates.</font></div></div>
CY2011Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
646000 shares
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
606000 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109002000 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108761000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108155000 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108356000 shares
CY2012Q1 oii Effect Of Exchange Rate On Working Capital
EffectOfExchangeRateOnWorkingCapital
656000 USD
CY2011Q1 oii Effect Of Exchange Rate On Working Capital
EffectOfExchangeRateOnWorkingCapital
2248000 USD
CY2012Q1 oii Income Including Equity Affiliate Earnings Before Income Taxes
IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes
75117000 USD
CY2011Q1 oii Income Including Equity Affiliate Earnings Before Income Taxes
IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes
61416000 USD
CY2012Q1 oii Interest Costs Minimum Construction Period For Capitalizing
InterestCostsMinimumConstructionPeriodForCapitalizing
P3M
CY2012Q1 oii Stock Repurchase Program Total Number Of Shares Repurchased To Date
StockRepurchaseProgramTotalNumberOfSharesRepurchasedToDate
2700000 shares
CY2012Q1 oii Stock Repurchase Program Total Shares Repurchased To Date Amount
StockRepurchaseProgramTotalSharesRepurchasedToDateAmount
67000000 USD
CY2011Q4 oii Total Other Assets
TotalOtherAssets
523114000 USD
CY2012Q1 oii Total Other Assets
TotalOtherAssets
532823000 USD
CY2012Q1 oii Unrecognized Tax Benefits Including Foreign Tax Credits And Penalties And Interest
UnrecognizedTaxBenefitsIncludingForeignTaxCreditsAndPenaltiesAndInterest
5300000 USD
CY2012Q1 oii Unrecognized Tax Benefits Probability Threshold Of Realizing For Tax Benefits Recognition Minimum Percentage
UnrecognizedTaxBenefitsProbabilityThresholdOfRealizingForTaxBenefitsRecognitionMinimumPercentage
0.50
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000073756
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108303049 shares
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
OCEANEERING INTERNATIONAL INC

Files In Submission

Name View Source Status
0000073756-12-000007-index-headers.html Edgar Link pending
0000073756-12-000007-index.html Edgar Link pending
0000073756-12-000007.txt Edgar Link pending
0000073756-12-000007-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
oii-20120331.xml Edgar Link completed
oii-20120331.xsd Edgar Link pending
oii-20120331_cal.xml Edgar Link unprocessable
oii-20120331_def.xml Edgar Link unprocessable
oii-20120331_lab.xml Edgar Link unprocessable
oii-20120331_pre.xml Edgar Link unprocessable
oiiexhibit10012012oii_image1.gif Edgar Link pending
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