$OII
Oceaneering International Inc

2012 Q4 Form 10-Q Financial Statement

#000007375612000021 Filed on November 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $780.9M $734.2M $602.2M
YoY Change 36.0% 21.92% 16.64%
Cost Of Revenue $608.4M $563.3M $449.1M
YoY Change 37.18% 25.44% 14.95%
Gross Profit $172.5M $170.9M $153.1M
YoY Change 31.98% 11.61% 21.89%
Gross Profit Margin 22.09% 23.27% 25.42%
Selling, General & Admin $53.80M $47.06M $43.47M
YoY Change 11.39% 8.24% 15.62%
% of Gross Profit 31.19% 27.54% 28.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $49.40M $44.90M $39.60M
YoY Change 28.31% 13.38% -3.65%
% of Gross Profit 28.64% 26.28% 25.87%
Operating Expenses $53.80M $47.06M $43.47M
YoY Change 11.62% 8.24% 15.93%
Operating Profit $118.8M $123.8M $109.6M
YoY Change 44.0% 12.95% 24.43%
Interest Expense -$200.0K $1.282M $387.0K
YoY Change -122.22% 231.27% -44.71%
% of Operating Profit -0.17% 1.04% 0.35%
Other Income/Expense, Net -$900.0K -$553.0K -$1.973M
YoY Change -150.0% -71.97% 557.67%
Pretax Income $117.7M $123.2M $108.5M
YoY Change 38.15% 13.55% 22.6%
Income Tax $37.10M $38.81M $29.93M
% Of Pretax Income 31.52% 31.5% 27.59%
Net Earnings $80.60M $84.41M $78.58M
YoY Change 38.25% 7.42% 32.73%
Net Earnings / Revenue 10.32% 11.5% 13.05%
Basic Earnings Per Share $0.78 $0.73
Diluted Earnings Per Share $742.9K $0.78 $0.72
COMMON SHARES
Basic Shares Outstanding 107.9M shares 107.9M shares 108.3M shares
Diluted Shares Outstanding 108.5M shares 108.9M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.5M $103.6M $166.1M
YoY Change 13.57% -37.63% 12.0%
Cash & Equivalents $120.5M $103.6M $166.1M
Short-Term Investments
Other Short-Term Assets $84.23M $76.53M $66.10M
YoY Change 15.27% 15.79% 28.85%
Inventory $331.3M $326.8M $259.3M
Prepaid Expenses $61.63M
Receivables $666.9M $669.8M $508.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.203B $1.177B $999.8M
YoY Change 22.24% 17.71% 11.05%
LONG-TERM ASSETS
Property, Plant & Equipment $1.025B $989.4M $841.1M
YoY Change 14.76% 17.63% 7.0%
Goodwill $363.2M $356.7M
YoY Change 8.91%
Intangibles $78.25M
YoY Change 10.82%
Long-Term Investments $42.62M $43.84M $49.30M
YoY Change -14.09% -11.09% -6.98%
Other Assets $134.2M $130.1M $95.50M
YoY Change -4.18% 36.22% 58.9%
Total Long-Term Assets $1.565B $1.520B $1.143B
YoY Change 10.5% 32.96% 10.13%
TOTAL ASSETS
Total Short-Term Assets $1.203B $1.177B $999.8M
Total Long-Term Assets $1.565B $1.520B $1.143B
Total Assets $2.768B $2.697B $2.143B
YoY Change 15.31% 25.84% 10.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.5M $154.9M $106.6M
YoY Change 17.16% 45.3% 5.02%
Accrued Expenses $408.3M $398.0M $265.3M
YoY Change 21.82% 50.02% -8.11%
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 $617.2M $615.4M $421.6M
YoY Change 23.1% 45.96% -4.2%
LONG-TERM LIABILITIES
Long-Term Debt $94.00M $120.0M $0.00
YoY Change -21.67%
Other Long-Term Liabilities $241.5M $227.3M $204.7M
YoY Change 9.16% 11.02% 27.3%
Total Long-Term Liabilities $335.5M $347.3M $204.7M
YoY Change -1.68% 69.64% 27.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $617.2M $615.4M $421.6M
Total Long-Term Liabilities $335.5M $347.3M $204.7M
Total Liabilities $952.7M $962.6M $626.3M
YoY Change 13.06% 53.7% 4.24%
SHAREHOLDERS EQUITY
Retained Earnings $1.641B $1.580B
YoY Change 15.04%
Common Stock $240.6M $238.7M
YoY Change 4.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $84.06M $84.06M
YoY Change 17.24%
Treasury Stock Shares 2.927M shares 2.639M shares
Shareholders Equity $1.815B $1.734B $1.517B
YoY Change
Total Liabilities & Shareholders Equity $2.768B $2.697B $2.143B
YoY Change 15.31% 25.84% 10.56%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $80.60M $84.41M $78.58M
YoY Change 38.25% 7.42% 32.73%
Depreciation, Depletion And Amortization $49.40M $44.90M $39.60M
YoY Change 28.31% 13.38% -3.65%
Cash From Operating Activities $147.3M $104.1M $60.70M
YoY Change 3.44% 71.5% -43.16%
INVESTING ACTIVITIES
Capital Expenditures -$84.10M -$64.90M -$55.20M
YoY Change 17.46% 17.57% -20.46%
Acquisitions
YoY Change
Other Investing Activities $100.0K $3.300M $43.50M
YoY Change -100.04% -92.41% 318.27%
Cash From Investing Activities -$84.00M -$61.60M -$11.80M
YoY Change -72.66% 422.03% -80.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.40M -24.50M -33.70M
YoY Change -145.23% -27.3% -23.93%
NET CHANGE
Cash From Operating Activities 147.3M 104.1M 60.70M
Cash From Investing Activities -84.00M -61.60M -11.80M
Cash From Financing Activities -47.40M -24.50M -33.70M
Net Change In Cash 15.90M 18.00M 15.20M
YoY Change -126.5% 18.42% 334.29%
FREE CASH FLOW
Cash From Operating Activities $147.3M $104.1M $60.70M
Capital Expenditures -$84.10M -$64.90M -$55.20M
Free Cash Flow $231.4M $169.0M $115.9M
YoY Change 8.13% 45.82% -34.22%

Facts In Submission

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ProceedsFromRepaymentsOfDebt
0 USD
us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-1045000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
42082000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3806000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
78578000 USD
us-gaap Profit Loss
ProfitLoss
208415000 USD
us-gaap Profit Loss
ProfitLoss
177341000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
84406000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1772017000 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1973957000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
893308000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
989356000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1579848000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1426525000 USD
CY2012Q3 us-gaap Revenues
Revenues
734217000 USD
us-gaap Revenues
Revenues
1618466000 USD
us-gaap Revenues
Revenues
2001655000 USD
CY2011Q3 us-gaap Revenues
Revenues
602208000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
1618466000 USD
CY2012Q2 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
672545000 USD
CY2011Q3 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
602208000 USD
us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
2001655000 USD
CY2012Q3 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
734217000 USD
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
43474000 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47056000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
125650000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
145483000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9092000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12414000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1090850 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1042990 shares
CY2010Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
12000000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
400000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
19000000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
1734236000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1557962000 USD
CY2012Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2926514 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2799118 shares
CY2012Q3 us-gaap Treasury Stock Value
TreasuryStockValue
84062000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
71700000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
4900000 USD
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 U.S. GAAP 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>
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
618000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
714000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
595000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
585000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108637000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109114000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108928000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108310000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108052000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
107905000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108400000 shares
oii Effect Of Exchange Rate On Working Capital
EffectOfExchangeRateOnWorkingCapital
2957000 USD
oii Effect Of Exchange Rate On Working Capital
EffectOfExchangeRateOnWorkingCapital
-7385000 USD
oii Income Including Equity Affiliate Earnings Before Income Taxes
IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes
304255000 USD
oii Income Including Equity Affiliate Earnings Before Income Taxes
IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes
252688000 USD
CY2011Q3 oii Income Including Equity Affiliate Earnings Before Income Taxes
IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes
108508000 USD
CY2012Q3 oii Income Including Equity Affiliate Earnings Before Income Taxes
IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes
123220000 USD
oii Interest Costs Minimum Construction Period For Capitalizing
InterestCostsMinimumConstructionPeriodForCapitalizing
P9M
oii Interest Costs Minimum Construction Period For Capitalizing
InterestCostsMinimumConstructionPeriodForCapitalizing
P9M
CY2012Q3 oii Stock Repurchase Program Total Number Of Shares Repurchased To Date
StockRepurchaseProgramTotalNumberOfSharesRepurchasedToDate
3100000 shares
CY2012Q3 oii Stock Repurchase Program Total Shares Repurchased To Date Amount
StockRepurchaseProgramTotalSharesRepurchasedToDateAmount
86000000 USD
CY2011Q4 oii Total Other Assets
TotalOtherAssets
523114000 USD
CY2012Q3 oii Total Other Assets
TotalOtherAssets
530651000 USD
CY2012Q3 oii Unrecognized Tax Benefits Including Foreign Tax Credits And Penalties And Interest
UnrecognizedTaxBenefitsIncludingForeignTaxCreditsAndPenaltiesAndInterest
5100000 USD
oii Unrecognized Tax Benefits Probability Threshold Of Realizing For Tax Benefits Recognition Minimum Percentage
UnrecognizedTaxBenefitsProbabilityThresholdOfRealizingForTaxBenefitsRecognitionMinimumPercentage
0.50
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000073756
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
107907574 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
OCEANEERING INTERNATIONAL INC

Files In Submission

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0000073756-12-000021-index-headers.html Edgar Link pending
0000073756-12-000021-index.html Edgar Link pending
0000073756-12-000021.txt Edgar Link pending
0000073756-12-000021-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
oii-20120630.xml Edgar Link completed
oii-20120630.xsd Edgar Link pending
oii-20120630_cal.xml Edgar Link unprocessable
oii-20120630_def.xml Edgar Link unprocessable
oii-20120630_lab.xml Edgar Link unprocessable
oii-20120630_pre.xml Edgar Link unprocessable
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oii_exhibitx3101x093012.htm Edgar Link pending
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