10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0000073756-13-000023`
Period End Date	20130630
Filing Date	20130731
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	oii-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 61 Cash Flow Statement 60 Comprehensive Income 16

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$389.00K	USD	Point-in-time
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.30M	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`	$85.59M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$672.05M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$666.93M	USD	Point-in-time
Inventory	`InventoryNet`	$394.87M	USD	Point-in-time
Inventory	`InventoryNet`	$331.28M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.93M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.64M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$105.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$84.23M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.20B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.16B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.07B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.04B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.09B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.07B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Goodwill	`Goodwill`	$331.58M	USD	Point-in-time
Goodwill	`Goodwill`	$363.19M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$42.62M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$39.50M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$134.28M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$134.18M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$505.36M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$540.00M	USD	Point-in-time
Total Assets	`Assets`	$2.77B	USD	Point-in-time
Total Assets	`Assets`	$2.86B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.49M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$406.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$408.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$78.39M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$55.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$602.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$617.18M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$75.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$94.00M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$310.78M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$241.47M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$27.71M	USD	Point-in-time
Common Stock	`CommonStockValue`	$27.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$211.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$212.94M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$75.74M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$84.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.77B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.64B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-60.35M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.87B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.86B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.77B	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$672.54M	USD	1 Quarter
Revenue	`Revenues`	$1.54B	USD	2 Qtrs
Revenue	`Revenues`	$820.37M	USD	1 Quarter
Revenue	`Revenues`	$1.27B	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$982.98M	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.18B	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$511.39M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$618.51M	USD	1 Quarter
Gross Profit	`GrossProfit`	$362.24M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$284.46M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$201.86M	USD	1 Quarter
Gross Profit	`GrossProfit`	$161.16M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$51.11M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$55.53M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$107.61M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$98.43M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$146.34M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$108.29M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$186.03M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$254.63M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$110.05M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$243.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$194.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$538.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$433.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.32M	USD	2 Qtrs
Interest expense	`InterestExpense`	$553.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-186.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$119.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$923.00K	USD	2 Qtrs
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-25.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-4.66M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.59M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.19M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-201.00K	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$144.25M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$181.03M	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$253.52M	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$105.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$57.03M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.86M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.44M	USD	1 Quarter
Net Income	`ProfitLoss`	$173.66M	USD	2 Qtrs
Net Income	`ProfitLoss`	$72.55M	USD	1 Quarter
Net Income	`ProfitLoss`	$98.81M	USD	1 Quarter
Net Income	`ProfitLoss`	$124.01M	USD	2 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.33	USD	2 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.18	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$1.61	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$1.15	USD	2 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.60	USD	2 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.14	USD	2 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$173.66M	USD	2 Qtrs
Net Income	`ProfitLoss`	$72.55M	USD	1 Quarter
Net Income	`ProfitLoss`	$98.81M	USD	1 Quarter
Net Income	`ProfitLoss`	$124.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$100.03M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$82.23M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$39.97M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-5.24M	USD	2 Qtrs
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$163.00K	USD	2 Qtrs
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$41.00K	USD	2 Qtrs
Noncash compensation	`ShareBasedCompensation`	$9.63M	USD	2 Qtrs
Noncash compensation	`ShareBasedCompensation`	$8.22M	USD	2 Qtrs
Distributions from unconsolidated affiliates in excess of earnings	`EquityMethodInvestmentDividendsOrDistributions`	$366.00K	USD	2 Qtrs
Distributions from unconsolidated affiliates in excess of earnings	`EquityMethodInvestmentDividendsOrDistributions`	$4.69M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.26M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$42.58M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$63.59M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$35.05M	USD	2 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.56M	USD	2 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.00M	USD	2 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-18.13M	USD	2 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-3.07M	USD	2 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.33M	USD	2 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$56.05M	USD	2 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$295.00K	USD	2 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$177.00K	USD	2 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$56.78M	USD	2 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$62.39M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$186.40M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$230.44M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$175.31M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$151.59M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.26M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	2 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.75M	USD	2 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$41.00K	USD	2 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$444.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-160.41M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-172.52M	USD	2 Qtrs
Net payments of revolving credit facility, including loan costs	`ProceedsFromRepaymentsOfDebt`	$3.96M	USD	2 Qtrs
Net payments of revolving credit facility, including loan costs	`ProceedsFromRepaymentsOfDebt`	$-19.00M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.52M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.12M	USD	2 Qtrs
Cash dividends	`DividendsCash`	$-43.28M	USD	2 Qtrs
Cash dividends	`DividendsCash`	$-35.67M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$19.36M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.15M	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-46.55M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.24M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.55M	USD	2 Qtrs
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$85.59M	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`	$119.31M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$85.59M	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`	$119.31M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$173.66M	USD	2 Qtrs
Net Income	`ProfitLoss`	$72.55M	USD	1 Quarter
Net Income	`ProfitLoss`	$98.81M	USD	1 Quarter
Net Income	`ProfitLoss`	$124.01M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-78.19M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.69M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-25.23M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.44M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-78.19M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-39.69M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-25.23M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-13.44M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$59.12M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$47.32M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$95.47M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$110.56M	USD	2 Qtrs

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