$OII
Oceaneering International Inc

2016 Q4 Form 10-Q Financial Statement

#000007375616000116 Filed on November 07, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $488.4M $549.3M $743.6M
YoY Change -32.35% -26.13% -23.58%
Cost Of Revenue $437.4M $513.8M $575.3M
YoY Change -28.98% -10.68% -21.32%
Gross Profit $51.10M $35.44M $168.3M
YoY Change -51.84% -78.94% -30.41%
Gross Profit Margin 10.46% 6.45% 22.63%
Selling, General & Admin $54.90M $47.30M $54.85M
YoY Change -9.11% -13.77% -8.49%
% of Gross Profit 107.44% 133.45% 32.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.20M $74.20M $62.00M
YoY Change -2.6% 19.68% 4.03%
% of Gross Profit 109.98% 209.35% 36.84%
Operating Expenses $54.90M $47.30M $54.85M
YoY Change -9.11% -13.77% -8.49%
Operating Profit -$3.859M -$11.86M $113.5M
YoY Change -108.43% -110.45% -37.63%
Interest Expense $6.100M $6.325M $6.396M
YoY Change -196.83% -1.11% 844.76%
% of Operating Profit 5.64%
Other Income/Expense, Net -$10.70M $570.0K -$9.099M
YoY Change -2240.0% -106.26% 2221.17%
Pretax Income -$8.500M -$17.17M $99.77M
YoY Change -121.25% -117.21% -44.88%
Income Tax $2.500M -$5.375M $31.23M
% Of Pretax Income 31.3%
Net Earnings -$11.00M -$11.80M $68.54M
YoY Change -140.0% -117.21% -44.88%
Net Earnings / Revenue -2.25% -2.15% 9.22%
Basic Earnings Per Share -$0.12 $0.70
Diluted Earnings Per Share -$112.1K -$0.12 $0.70
COMMON SHARES
Basic Shares Outstanding 98.07M shares 98.06M shares 97.85M shares
Diluted Shares Outstanding 98.06M shares 98.19M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $450.2M $441.6M $271.2M
YoY Change 16.87% 62.83% 263.54%
Cash & Equivalents $450.2M $441.6M $271.2M
Short-Term Investments
Other Short-Term Assets $42.52M $110.0M $163.2M
YoY Change -77.74% -32.6% 28.51%
Inventory $280.1M $297.2M $373.2M
Prepaid Expenses $42.52M
Receivables $489.7M $510.4M $702.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.263B $1.359B $1.510B
YoY Change -16.8% -10.01% -3.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.153B $1.167B $1.273B
YoY Change -8.96% -8.3% -3.2%
Goodwill $443.6M $448.3M $421.6M
YoY Change 3.91% 6.33% 17.04%
Intangibles $87.80M
YoY Change -6.3%
Long-Term Investments $39.83M
YoY Change -18.96%
Other Assets $270.9M $263.0M $216.0M
YoY Change 24.02% 21.8% 73.9%
Total Long-Term Assets $1.868B $1.878B $1.910B
YoY Change -2.32% -1.67% 4.21%
TOTAL ASSETS
Total Short-Term Assets $1.263B $1.359B $1.510B
Total Long-Term Assets $1.868B $1.878B $1.910B
Total Assets $3.130B $3.238B $3.421B
YoY Change -8.72% -5.35% 0.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $77.59M $95.30M $92.94M
YoY Change -34.4% 2.55% -35.08%
Accrued Expenses $430.8M $382.3M $482.3M
YoY Change -13.44% -20.74% -5.55%
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 $508.4M $501.1M $623.8M
YoY Change -17.47% -19.68% -14.02%
LONG-TERM LIABILITIES
Long-Term Debt $793.1M $802.3M $797.5M
YoY Change -0.35% 0.6% 219.0%
Other Long-Term Liabilities $312.3M $362.5M $410.4M
YoY Change -28.87% -11.68% 3.36%
Total Long-Term Liabilities $1.105B $1.165B $1.208B
YoY Change -10.49% -3.57% 86.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $508.4M $501.1M $623.8M
Total Long-Term Liabilities $1.105B $1.165B $1.208B
Total Liabilities $1.614B $1.666B $1.832B
YoY Change -12.81% -9.06% 33.45%
SHAREHOLDERS EQUITY
Retained Earnings $2.295B $2.321B $2.364B
YoY Change -2.94% -1.81% 9.14%
Common Stock $255.3M $251.4M $252.3M
YoY Change -1.01% -0.38% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $731.2M $731.4M $743.8M
YoY Change -1.66% -1.66% 145.21%
Treasury Stock Shares 12.77M shares 12.77M shares 12.99M shares
Shareholders Equity $1.517B $1.572B $1.589B
YoY Change
Total Liabilities & Shareholders Equity $3.130B $3.238B $3.421B
YoY Change -8.72% -5.35% 0.86%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$11.00M -$11.80M $68.54M
YoY Change -140.0% -117.21% -44.88%
Depreciation, Depletion And Amortization $56.20M $74.20M $62.00M
YoY Change -2.6% 19.68% 4.03%
Cash From Operating Activities $77.70M $116.0M $172.6M
YoY Change -58.52% -32.79% 55.5%
INVESTING ACTIVITIES
Capital Expenditures -$29.00M -$30.50M -$44.40M
YoY Change -52.3% -31.31% -44.36%
Acquisitions
YoY Change
Other Investing Activities -$23.10M -$9.700M -$18.10M
YoY Change -365.52% -46.41% -1231.25%
Cash From Investing Activities -$52.10M -$40.20M -$62.50M
YoY Change 0.0% -35.68% -20.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.70M -25.40M -26.40M
YoY Change -42.8% -3.79% -56.15%
NET CHANGE
Cash From Operating Activities 77.70M 116.0M 172.6M
Cash From Investing Activities -52.10M -40.20M -62.50M
Cash From Financing Activities -14.70M -25.40M -26.40M
Net Change In Cash 10.90M 50.40M 83.70M
YoY Change -90.05% -39.78% -405.47%
FREE CASH FLOW
Cash From Operating Activities $77.70M $116.0M $172.6M
Capital Expenditures -$29.00M -$30.50M -$44.40M
Free Cash Flow $106.7M $146.5M $217.0M
YoY Change -56.99% -32.49% 13.73%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Registrant Name
EntityRegistrantName
OCEANEERING INTERNATIONAL INC
dei Amendment Flag
AmendmentFlag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
dei Document Type
DocumentType
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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31246000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-55453000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-100100000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
16411000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31246000 USD
CY2015Q4 us-gaap Other Inventory
OtherInventory
163539000 USD
CY2016Q3 us-gaap Other Inventory
OtherInventory
118337000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
439010000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
362461000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9099000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-14883000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
570000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6823000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100459000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2014Q4 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6900000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
80036000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
79429000 USD
CY2014Q4 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2200000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
229979000 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
224000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2500000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
19531000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
39818000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
139208000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
83389000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
3265000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5108000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
50000000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
376000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3217000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
68539000 USD
us-gaap Profit Loss
ProfitLoss
203506000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-11798000 USD
us-gaap Profit Loss
ProfitLoss
35614000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2772580000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2770569000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1266731000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1166971000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2364786000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2320971000 USD
CY2015Q3 us-gaap Revenues
Revenues
743613000 USD
CY2016Q2 us-gaap Revenues
Revenues
625539000 USD
us-gaap Revenues
Revenues
2340688000 USD
CY2016Q3 us-gaap Revenues
Revenues
549275000 USD
us-gaap Revenues
Revenues
1783158000 USD
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
54849000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
171253000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
47299000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
153533000 USD
CY2015Q4 us-gaap Senior Notes
SeniorNotes
500000000 USD
CY2016Q3 us-gaap Senior Notes
SeniorNotes
500000000 USD
CY2014Q4 us-gaap Senior Notes
SeniorNotes
500000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12688000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10546000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
831291 shares
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1079607 shares
CY2014Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1578734000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
1571780000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
12984829 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
12773015 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
743577000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
731448000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6073000 USD
CY2016Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5558000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
340000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
382000 shares
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
359000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98185000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98991000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98061000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98384000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97845000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98609000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98061000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98025000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassifications. </font><font style="font-family:Arial;font-size:10pt;"> Certain amounts from prior periods have been reclassified to conform with the current period presentation.</font></div></div>
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>

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exhibit120109302016.htm Edgar Link pending
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