10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0000073756-12-000021`
Period End Date	20120930
Filing Date	20121101
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	oii-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 62 Cash Flow Statement 58 Comprehensive Income 16

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$594.00K	USD	Point-in-time
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.07M	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`	$106.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.64M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.11M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $577 and $594	`AccountsReceivableNetCurrent`	$549.81M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $577 and $594	`AccountsReceivableNetCurrent`	$669.84M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.93M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.80M	shares	Point-in-time
Inventory	`InventoryNet`	$326.83M	USD	Point-in-time
Inventory	`InventoryNet`	$255.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$76.53M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$73.07M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.18B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$984.12M	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.97B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.77B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$878.71M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$984.60M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$989.36M	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`	$356.73M	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`	$43.84M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$130.09M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$140.04M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$523.11M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$530.65M	USD	Point-in-time
Total Assets	`Assets`	$2.40B	USD	Point-in-time
Total Assets	`Assets`	$2.70B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$154.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$111.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$398.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$335.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$62.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$54.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$615.35M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$501.38M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$120.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$120.00M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$221.21M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$227.26M	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`	$210.96M	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`	$84.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.58B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.43B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.19M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-218.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.56B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.73B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.70B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.40B	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$2.00B	USD	3 Qtrs
Revenue	`Revenues`	$1.62B	USD	3 Qtrs
Revenue	`Revenues`	$602.21M	USD	1 Quarter
Revenue	`Revenues`	$734.22M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.24B	USD	3 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$449.11M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$563.35M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.55B	USD	3 Qtrs
Gross Margin	`GrossProfit`	$153.10M	USD	1 Quarter
Gross Margin	`GrossProfit`	$455.33M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$170.87M	USD	1 Quarter
Gross Margin	`GrossProfit`	$378.01M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$125.65M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$145.48M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$43.47M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$47.06M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$123.81M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$309.85M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$252.36M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$109.62M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$110.05M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$460.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$204.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.36M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$824.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.08M	USD	3 Qtrs
Interest expense	`InterestExpense`	$746.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$387.00K	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$2.94M	USD	3 Qtrs
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$418.00K	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.04M	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.34M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.21M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.97M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.33M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-553.00K	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$108.51M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$123.22M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$252.69M	USD	3 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$304.25M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$95.84M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$75.35M	USD	3 Qtrs
Net Income	`ProfitLoss`	$84.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$177.34M	USD	3 Qtrs
Net Income	`ProfitLoss`	$208.41M	USD	3 Qtrs
Net Income	`ProfitLoss`	$78.58M	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.51	USD	3 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	3 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$1.93	USD	3 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$1.64	USD	3 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.63	USD	3 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.92	USD	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$84.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$177.34M	USD	3 Qtrs
Net Income	`ProfitLoss`	$208.41M	USD	3 Qtrs
Net Income	`ProfitLoss`	$78.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$112.75M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$127.07M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$9.47M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$283.00K	USD	3 Qtrs
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$18.72M	USD	3 Qtrs
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$597.00K	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$9.09M	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$12.41M	USD	3 Qtrs
Distributions from unconsolidated affiliates greater than earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-2.51M	USD	3 Qtrs
Distributions from unconsolidated affiliates greater than earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-5.77M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$97.15M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$101.66M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$17.99M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$71.73M	USD	3 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.95M	USD	3 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$-19.64M	USD	3 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-7.38M	USD	3 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$2.96M	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-28.84M	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$109.18M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.38M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-818.00K	USD	3 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-31.15M	USD	3 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$82.06M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$146.19M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$290.47M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$216.55M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$163.43M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.26M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$54.22M	USD	3 Qtrs
Dispositions of property and equipment and equity investment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$42.08M	USD	3 Qtrs
Dispositions of property and equipment and equity investment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.81M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-222.00M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-175.56M	USD	3 Qtrs
Net payments of revolving credit facility, including new loan costs	`ProceedsFromRepaymentsOfDebt`	$-1.04M	USD	3 Qtrs
Net payments of revolving credit facility, including new loan costs	`ProceedsFromRepaymentsOfDebt`	-	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$255.00K	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.52M	USD	3 Qtrs
Cash dividends	`DividendsCash`	$-32.50M	USD	3 Qtrs
Cash dividends	`DividendsCash`	$-55.09M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$19.36M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$17.49M	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-70.97M	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-49.74M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-79.11M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.50M	USD	3 Qtrs
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$106.14M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$103.64M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$166.11M	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`	$103.64M	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`	$166.11M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$84.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$177.34M	USD	3 Qtrs
Net Income	`ProfitLoss`	$208.41M	USD	3 Qtrs
Net Income	`ProfitLoss`	$78.58M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-41.54M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$40.42M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-12.90M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$26.97M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-12.90M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$26.97M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-41.54M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$40.42M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$37.03M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$235.39M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$164.44M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$124.82M	USD	1 Quarter

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