10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0000073756-13-000033`
Period End Date	20130930
Filing Date	20131031
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	oii-20130930.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`	$894.00K	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`	$103.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.14M	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`	$102.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$666.93M	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
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$747.67M	USD	Point-in-time
Inventory	`InventoryNet`	$331.28M	USD	Point-in-time
Inventory	`InventoryNet`	$446.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.64M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.93M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$84.23M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$95.37M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.39B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.20B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.07B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.28B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.15B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.04B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Goodwill	`Goodwill`	$347.13M	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`	$38.67M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$123.83M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$134.18M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$509.63M	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`	$3.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$152.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$471.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$408.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$79.29M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$78.39M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$617.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$703.25M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$94.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$40.00M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$307.71M	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`	$212.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$216.41M	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`	$1.64B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.85B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.84M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.98B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.77B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.03B	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$734.22M	USD	1 Quarter
Revenue	`Revenues`	$853.30M	USD	1 Quarter
Revenue	`Revenues`	$2.39B	USD	3 Qtrs
Revenue	`Revenues`	$2.00B	USD	3 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$647.80M	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
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.82B	USD	3 Qtrs
Gross Profit	`GrossProfit`	$170.87M	USD	1 Quarter
Gross Profit	`GrossProfit`	$205.49M	USD	1 Quarter
Gross Profit	`GrossProfit`	$455.33M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$567.73M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$159.37M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$47.06M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$51.76M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$145.48M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$123.81M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$408.36M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$309.85M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$146.34M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$153.74M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$472.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.36M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$39.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$824.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$851.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.17M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.08M	USD	3 Qtrs
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$418.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$134.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$109.00K	USD	3 Qtrs
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.34M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.21M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-553.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-840.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-639.00K	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$304.25M	USD	3 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$123.22M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$405.94M	USD	3 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$152.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$95.84M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$127.87M	USD	3 Qtrs
Net Income	`ProfitLoss`	$278.07M	USD	3 Qtrs
Net Income	`ProfitLoss`	$208.41M	USD	3 Qtrs
Net Income	`ProfitLoss`	$84.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$104.41M	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.62	USD	3 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareDeclared`	$0.22	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
Basic Earnings per Share	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$2.57	USD	3 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$1.93	USD	3 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$2.56	USD	3 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.92	USD	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$278.07M	USD	3 Qtrs
Net Income	`ProfitLoss`	$208.41M	USD	3 Qtrs
Net Income	`ProfitLoss`	$84.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$104.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$127.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$150.97M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$9.47M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$41.52M	USD	3 Qtrs
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-106.00K	USD	3 Qtrs
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$597.00K	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$14.55M	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$12.41M	USD	3 Qtrs
Distributions from unconsolidated affiliates in excess of earnings	`EquityMethodInvestmentDividendsOrDistributions`	$5.77M	USD	3 Qtrs
Distributions from unconsolidated affiliates in excess of earnings	`EquityMethodInvestmentDividendsOrDistributions`	$348.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$80.74M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$97.15M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$114.74M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$71.73M	USD	3 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.38M	USD	3 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.95M	USD	3 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-11.03M	USD	3 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$2.96M	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$102.50M	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$109.18M	USD	3 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.74M	USD	3 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.38M	USD	3 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$86.86M	USD	3 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$82.06M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$364.92M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$290.47M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$268.58M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$216.55M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.86M	USD	3 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$9.26M	USD	3 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	-	USD	3 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.60M	USD	3 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.81M	USD	3 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.47M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-222.00M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-265.36M	USD	3 Qtrs
Net payments of revolving credit facility, including loan costs	`ProceedsFromRepaymentsOfDebt`	$-1.04M	USD	3 Qtrs
Net payments of revolving credit facility, including loan costs	`ProceedsFromRepaymentsOfDebt`	$-53.80M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.52M	USD	3 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.12M	USD	3 Qtrs
Cash dividends	`DividendsCash`	$-67.08M	USD	3 Qtrs
Cash dividends	`DividendsCash`	$-55.09M	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$19.36M	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-70.97M	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-117.76M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.20M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.50M	USD	3 Qtrs
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$103.64M	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`	$102.35M	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`	$103.64M	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`	$102.35M	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`	$278.07M	USD	3 Qtrs
Net Income	`ProfitLoss`	$208.41M	USD	3 Qtrs
Net Income	`ProfitLoss`	$84.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$104.41M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.97M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$17.51M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$40.42M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-60.69M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-60.69M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$40.42M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$26.97M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$17.51M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$121.91M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$124.82M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$217.38M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$235.39M	USD	3 Qtrs

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