10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000073756-14-000022`
Period End Date	20140630
Filing Date	20140731
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	oii-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 64 Cash Flow Statement 60 Comprehensive Income 16

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	360.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.43M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$119.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.33M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$843.16M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$768.84M	USD	Point-in-time
Inventory	`InventoryNet`	$441.79M	USD	Point-in-time
Inventory	`InventoryNet`	$441.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$142.72M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$131.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.53B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.61B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.38B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.30B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.19B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.31B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Goodwill	`Goodwill`	$344.02M	USD	Point-in-time
Goodwill	`Goodwill`	$370.51M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$35.14M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$37.46M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$124.65M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$134.24M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$506.13M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$539.89M	USD	Point-in-time
Total Assets	`Assets`	$3.38B	USD	Point-in-time
Total Assets	`Assets`	$3.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$176.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$129.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$516.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$494.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$80.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$96.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$727.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$767.11M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$80.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$80.00M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$357.97M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$363.45M	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`	$222.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$220.12M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$102.24M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$75.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.07B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.92B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-52.58M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.17B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.04B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.13B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.38B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$820.37M	USD	1 Quarter
Revenue	`Revenues`	$927.41M	USD	1 Quarter
Revenue	`Revenues`	$1.54B	USD	2 Qtrs
Revenue	`Revenues`	$840.20M	USD	1 Quarter
Revenue	`Revenues`	$1.77B	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$709.19M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$618.51M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.36B	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.18B	USD	2 Qtrs
Gross Margin	`GrossProfit`	$201.86M	USD	1 Quarter
Gross Margin	`GrossProfit`	$362.24M	USD	2 Qtrs
Gross Margin	`GrossProfit`	$407.71M	USD	2 Qtrs
Gross Margin	`GrossProfit`	$218.22M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$107.61M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$56.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$113.53M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$55.53M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$132.86M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$294.17M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$161.31M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$254.63M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$146.34M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$433.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$120.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$41.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$243.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$398.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$809.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$553.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.32M	USD	2 Qtrs
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-28.00K	USD	2 Qtrs
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-186.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$8.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-25.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-201.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-123.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-417.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.59M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$253.52M	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$144.25M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$293.33M	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$160.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$91.81M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.86M	USD	2 Qtrs
Net Income	`ProfitLoss`	$110.30M	USD	1 Quarter
Net Income	`ProfitLoss`	$98.81M	USD	1 Quarter
Net Income	`ProfitLoss`	$201.52M	USD	2 Qtrs
Net Income	`ProfitLoss`	$173.66M	USD	2 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.40	USD	2 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.49	USD	2 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$1.86	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$1.61	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$1.02	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$0.91	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.86	USD	2 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.02	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.60	USD	2 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$110.30M	USD	1 Quarter
Net Income	`ProfitLoss`	$98.81M	USD	1 Quarter
Net Income	`ProfitLoss`	$201.52M	USD	2 Qtrs
Net Income	`ProfitLoss`	$173.66M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$109.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$100.03M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$17.70M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$39.97M	USD	2 Qtrs
Net loss (gain) on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$41.00K	USD	2 Qtrs
Net loss (gain) on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$344.00K	USD	2 Qtrs
Noncash compensation	`ShareBasedCompensation`	$9.63M	USD	2 Qtrs
Noncash compensation	`ShareBasedCompensation`	$10.82M	USD	2 Qtrs
Distributions of accumulated earnings of unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	2 Qtrs
Distributions of accumulated earnings of unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$366.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.26M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$73.27M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-418.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$63.59M	USD	2 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.56M	USD	2 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.41M	USD	2 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$6.71M	USD	2 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-18.13M	USD	2 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$29.14M	USD	2 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-5.33M	USD	2 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.22M	USD	2 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$177.00K	USD	2 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$72.96M	USD	2 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$56.78M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$230.44M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$274.48M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$221.70M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$175.31M	USD	2 Qtrs
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$39.79M	USD	2 Qtrs
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.29M	USD	2 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.75M	USD	2 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.80M	USD	2 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$41.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-172.52M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-257.40M	USD	2 Qtrs
Net proceeds (payments) of revolving credit facility	`ProceedsFromRepaymentsOfDebt`	$80.00M	USD	2 Qtrs
Net proceeds (payments) of revolving credit facility	`ProceedsFromRepaymentsOfDebt`	$-19.00M	USD	2 Qtrs
Excess tax benefits from employee benefit plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.08M	USD	2 Qtrs
Excess tax benefits from employee benefit plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.12M	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$43.28M	USD	2 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$53.00M	USD	2 Qtrs
Repurchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$35.27M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.18M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.15M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.24M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.90M	USD	2 Qtrs
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$91.43M	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`	$103.33M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$91.43M	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`	$103.33M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$110.30M	USD	1 Quarter
Net Income	`ProfitLoss`	$98.81M	USD	1 Quarter
Net Income	`ProfitLoss`	$201.52M	USD	2 Qtrs
Net Income	`ProfitLoss`	$173.66M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-78.19M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.46M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.63M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.69M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$9.46M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-4.63M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-78.19M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-39.69M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$210.98M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$95.47M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$105.67M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$59.12M	USD	1 Quarter

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