10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000073756-12-000007`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	oii-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 31 Cash Flow Statement 54 Comprehensive Income 10

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$577.00K	USD	Point-in-time
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$594.00K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.49M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $577 and $594	`AccountsReceivableNetCurrent`	$549.81M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $577 and $594	`AccountsReceivableNetCurrent`	$519.10M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Inventory	`InventoryNet`	$257.05M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.53M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.80M	shares	Point-in-time
Inventory	`InventoryNet`	$255.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$73.07M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$69.42M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$973.07M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$984.12M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.77B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.87B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$921.42M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$878.71M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$948.62M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$893.31M	USD	Point-in-time
Goodwill	`Goodwill`	$333.47M	USD	Point-in-time
Goodwill	`Goodwill`	$339.88M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$49.61M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$49.61M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$46.64M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$146.31M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$140.04M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$532.82M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$523.11M	USD	Point-in-time
Total Assets	`Assets`	$2.40B	USD	Point-in-time
Total Assets	`Assets`	$2.45B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$111.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$335.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$353.68M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$54.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$46.73M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$501.38M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$525.99M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$120.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$100.00M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$216.56M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$221.21M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, par value $0.25; 180,000,000 shares authorized; 110,834,088 shares issued	`CommonStockValue`	$27.71M	USD	Point-in-time
Common Stock, par value $0.25; 180,000,000 shares authorized; 110,834,088 shares issued	`CommonStockValue`	$27.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$202.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$202.62M	USD	Point-in-time
Treasury stock; 2,531,039 and 2,799,118 shares, at cost	`TreasuryStockValue`	$71.70M	USD	Point-in-time
Treasury stock; 2,531,039 and 2,799,118 shares, at cost	`TreasuryStockValue`	$64.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.46B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.40M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.19M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.45B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$594.89M	USD	1 Quarter
Revenue	`Revenues`	$470.42M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$371.62M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$471.59M	USD	1 Quarter
Gross Margin	`GrossProfit`	$98.80M	USD	1 Quarter
Gross Margin	`GrossProfit`	$123.30M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$37.73M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$47.32M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$75.99M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$61.07M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$82.47M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$344.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$167.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$545.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$147.00K	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$804.00K	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$470.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.47M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-141.00K	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$61.42M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$75.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.66M	USD	1 Quarter
Net Income	`ProfitLoss`	$42.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$51.45M	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$42.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$51.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$40.59M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-5.49M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$4.30M	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.10M	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$94.00K	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$2.81M	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$4.09M	USD	1 Quarter
Distributions from unconsolidated affiliates greater than earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-2.97M	USD	1 Quarter
Distributions from unconsolidated affiliates greater than earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-1.05M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-31.93M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.25M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.81M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.96M	USD	1 Quarter
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$72.00K	USD	1 Quarter
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.62M	USD	1 Quarter
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$2.25M	USD	1 Quarter
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$656.00K	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$19.80M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-25.69M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.21M	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.56M	USD	1 Quarter
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$6.82M	USD	1 Quarter
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$94.98M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$146.44M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$48.88M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.86M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$83.42M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$55.63M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.26M	USD	1 Quarter
Dispositions of property and equipment and equity investment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.99M	USD	1 Quarter
Dispositions of property and equipment and equity investment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$355.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.50M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.32M	USD	1 Quarter
Net payments of revolving credit facility, including new loan costs	`ProceedsFromRepaymentsOfDebt`	$-21.05M	USD	1 Quarter
Net payments of revolving credit facility, including new loan costs	`ProceedsFromRepaymentsOfDebt`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$255.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.52M	USD	1 Quarter
Cash dividends	`DividendsCash`	-	USD	1 Quarter
Cash dividends	`DividendsCash`	$-16.25M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.77M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$255.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-58.36M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.35M	USD	1 Quarter
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.14M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$186.86M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$127.49M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.14M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$186.86M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$127.49M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$42.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$51.45M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$21.34M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$11.79M	USD	1 Quarter
Pension-related adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Pension-related adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	-	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$11.79M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$21.34M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$63.41M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$63.25M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.