2011 Q1 Form 10-K Financial Statement
#000119312512241756 Filed on May 21, 2012
Income Statement
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| Revenue | $254.0M | $271.8M | $267.1M |
| YoY Change | -2.31% | -5.13% | -9.61% |
| Cost Of Revenue | $154.8M | $163.3M | $170.1M |
| YoY Change | 5.23% | 2.83% | 7.39% |
| Gross Profit | $99.20M | $108.5M | $97.00M |
| YoY Change | -12.13% | -15.1% | -29.25% |
| Gross Profit Margin | 39.06% | 39.92% | 36.32% |
| Selling, General & Admin | $41.50M | $33.20M | $37.90M |
| YoY Change | -6.11% | -1.48% | 11.14% |
| % of Gross Profit | 41.83% | 30.6% | 39.07% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $34.70M | $35.10M | $35.80M |
| YoY Change | 3.27% | 7.34% | 10.84% |
| % of Gross Profit | 34.98% | 32.35% | 36.91% |
| Operating Expenses | $76.20M | $68.30M | $73.70M |
| YoY Change | 5.25% | 2.86% | 10.16% |
| Operating Profit | $24.58M | $42.60M | $26.89M |
| YoY Change | -39.32% | -30.62% | -61.69% |
| Interest Expense | $800.0K | $1.700M | $2.700M |
| YoY Change | -94.2% | -60.47% | -20.59% |
| % of Operating Profit | 3.26% | 3.99% | 10.04% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $25.30M | $44.30M | $29.60M |
| YoY Change | -57.41% | -37.43% | -60.74% |
| Income Tax | $13.30M | $9.900M | $10.20M |
| % Of Pretax Income | 52.57% | 22.35% | 34.46% |
| Net Earnings | $12.02M | $34.36M | $19.40M |
| YoY Change | -78.88% | -42.63% | -80.24% |
| Net Earnings / Revenue | 4.73% | 12.64% | 7.26% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $7.500M | $21.50M | $12.12M |
| COMMON SHARES | |||
| Basic Shares Outstanding | 51.05M | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $245.7M | $308.0M | $51.70M |
| YoY Change | 10.13% | -8.5% | -82.52% |
| Cash & Equivalents | $245.7M | $308.0M | $51.70M |
| Short-Term Investments | |||
| Other Short-Term Assets | $10.20M | $13.50M | $13.90M |
| YoY Change | 52.24% | 8.87% | 5.3% |
| Inventory | $50.70M | $49.20M | $48.50M |
| Prepaid Expenses | |||
| Receivables | $272.5M | $282.3M | $301.2M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $579.1M | $653.0M | $415.4M |
| YoY Change | -1.11% | -5.62% | -39.4% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $2.702B | $2.637B | $2.562B |
| YoY Change | 19.88% | 22.96% | 22.6% |
| Goodwill | $328.7M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $39.00M | $36.50M | $32.30M |
| YoY Change | -3.94% | -3.69% | -34.22% |
| Other Assets | $99.40M | $100.5M | $89.80M |
| YoY Change | 17.63% | 1.72% | 12.39% |
| Total Long-Term Assets | $3.169B | $3.103B | $3.013B |
| YoY Change | 17.03% | 18.88% | 18.27% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $579.1M | $653.0M | $415.4M |
| Total Long-Term Assets | $3.169B | $3.103B | $3.013B |
| Total Assets | $3.748B | $3.756B | $3.429B |
| YoY Change | 13.81% | 13.74% | 6.04% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $45.20M | $41.90M | $42.20M |
| YoY Change | 8.39% | 5.54% | -18.22% |
| Accrued Expenses | $124.7M | $127.2M | $144.2M |
| YoY Change | 0.32% | -15.14% | 15.64% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | $0.00 | |
| YoY Change | -100.0% | -100.0% | |
| Total Short-Term Liabilities | $183.6M | $198.6M | $214.2M |
| YoY Change | -10.31% | -23.73% | -13.03% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $700.0M | $700.0M | $390.0M |
| YoY Change | 154.55% | 154.55% | 41.82% |
| Other Long-Term Liabilities | $133.8M | $132.1M | $128.3M |
| YoY Change | -3.11% | -4.48% | -6.62% |
| Total Long-Term Liabilities | $833.8M | $832.1M | $518.3M |
| YoY Change | 101.84% | 101.33% | 25.68% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $183.6M | $198.6M | $214.2M |
| Total Long-Term Liabilities | $833.8M | $832.1M | $518.3M |
| Total Liabilities | $1.234B | $1.249B | $948.8M |
| YoY Change | 48.82% | 41.48% | 9.75% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $2.514B | $2.506B | $2.480B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.748B | $3.756B | $3.429B |
| YoY Change | 13.81% | 13.74% | 6.04% |
Cashflow Statement
| Concept | 2011 Q1 | 2010 Q4 | 2010 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $12.02M | $34.36M | $19.40M |
| YoY Change | -78.88% | -42.63% | -80.24% |
| Depreciation, Depletion And Amortization | $34.70M | $35.10M | $35.80M |
| YoY Change | 3.27% | 7.34% | 10.84% |
| Cash From Operating Activities | $46.10M | $64.70M | $100.6M |
| YoY Change | 59.52% | -51.93% | 6.57% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$106.7M | -$117.1M | -$250.4M |
| YoY Change | -27.91% | 27.98% | 108.15% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $7.400M | $11.40M | $6.400M |
| YoY Change | -58.19% | 5.56% | -76.38% |
| Cash From Investing Activities | -$99.10M | -$105.9M | -$243.8M |
| YoY Change | -23.94% | 31.39% | 161.31% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -9.300M | 297.5M | 72.10M |
| YoY Change | -23.14% | -2388.46% | -453.43% |
| NET CHANGE | |||
| Cash From Operating Activities | 46.10M | 64.70M | 100.6M |
| Cash From Investing Activities | -99.10M | -105.9M | -243.8M |
| Cash From Financing Activities | -9.300M | 297.5M | 72.10M |
| Net Change In Cash | -62.30M | 256.3M | -71.10M |
| YoY Change | -45.11% | 525.12% | 268.39% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $46.10M | $64.70M | $100.6M |
| Capital Expenditures | -$106.7M | -$117.1M | -$250.4M |
| Free Cash Flow | $152.8M | $181.8M | $351.0M |
| YoY Change | -13.62% | -19.59% | 63.48% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
51165460 | |
| CY2010 | tdw |
General Corporate Assets
GeneralCorporateAssets
|
417017000 | |
| CY2011 | tdw |
General Corporate Assets
GeneralCorporateAssets
|
494558000 | |
| CY2012 | tdw |
General Corporate Assets
GeneralCorporateAssets
|
404473000 | |
| CY2010 | tdw |
Marine Assets
MarineAssets
|
2835726000 | |
| CY2011 | tdw |
Marine Assets
MarineAssets
|
3214514000 | |
| CY2012 | tdw |
Marine Assets
MarineAssets
|
3611068000 | |
| CY2010 | tdw |
Number Of Vessels Sold Or Scrapped
NumberOfVesselsSoldOrScrapped
|
55 | |
| CY2011 | tdw |
Number Of Vessels Sold Or Scrapped
NumberOfVesselsSoldOrScrapped
|
46 | |
| CY2012 | tdw |
Number Of Vessels Sold Or Scrapped
NumberOfVesselsSoldOrScrapped
|
60 | |
| CY2010Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
39831000 | |
| CY2010Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
19403000 | |
| CY2010Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34363000 | |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12019000 | |
| CY2011Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24558000 | |
| CY2011Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4876000 | |
| CY2011Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
34087000 | |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33642000 | |
| CY2010Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
45267000 | |
| CY2010Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
26892000 | |
| CY2010Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
42602000 | |
| CY2011Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24575000 | |
| CY2011Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
31461000 | |
| CY2011Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5481000 | |
| CY2011Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
41191000 | |
| CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
46383000 | |
| CY2010 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
413500000 | |
| CY2011 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
592946000 | |
| CY2012 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
194931000 | |
| CY2010 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
1138162000 | |
| CY2011 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
1051213000 | |
| CY2012 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
1060468000 |
