10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000073756-14-000033`
Period End Date	20140930
Filing Date	20141104
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	oii-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 65 Cash Flow Statement 60 Comprehensive Income 16

Balance Sheet 62 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`	180.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	360.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.35M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$768.84M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$922.38M	USD	Point-in-time
Inventory	`InventoryNet`	$441.79M	USD	Point-in-time
Inventory	`InventoryNet`	$434.38M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$131.21M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$127.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.56B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.65B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.38B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.33B	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`	$360.21M	USD	Point-in-time
Goodwill	`Goodwill`	$344.02M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$33.91M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$37.46M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$124.19M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$124.65M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$506.13M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$518.30M	USD	Point-in-time
Total Assets	`Assets`	$3.39B	USD	Point-in-time
Total Assets	`Assets`	$3.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$143.15M	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`	$510.62M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$71.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$80.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$725.54M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$727.09M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$250.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$397.04M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$357.97M	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`	$224.62M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$75.74M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$303.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.92B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.17B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-52.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-95.86M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$2.02B	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`	$3.39B	USD	Point-in-time

Income Statement 65 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$853.30M	USD	1 Quarter
Revenue	`Revenues`	$927.41M	USD	1 Quarter
Revenue	`Revenues`	$2.39B	USD	3 Qtrs
Revenue	`Revenues`	$973.09M	USD	1 Quarter
Revenue	`Revenues`	$2.74B	USD	3 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$731.23M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$2.09B	USD	3 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$1.82B	USD	3 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$647.80M	USD	1 Quarter
Gross Margin	`GrossProfit`	$205.49M	USD	1 Quarter
Gross Margin	`GrossProfit`	$567.73M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$649.56M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$241.85M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$51.76M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$173.47M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$159.37M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$59.94M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$161.31M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$181.92M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$153.74M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$476.09M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$408.36M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$472.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$130.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$39.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$250.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.49M	USD	3 Qtrs
Interest expense	`InterestExpense`	$2.17M	USD	3 Qtrs
Interest expense	`InterestExpense`	$851.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$677.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$134.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-19.00K	USD	3 Qtrs
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$9.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$109.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-392.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-840.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-639.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-515.00K	USD	3 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$180.99M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$474.32M	USD	3 Qtrs
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$152.42M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$405.94M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$148.46M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.01M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$127.87M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$56.65M	USD	1 Quarter
Net Income	`ProfitLoss`	$104.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$124.34M	USD	1 Quarter
Net Income	`ProfitLoss`	$325.86M	USD	3 Qtrs
Net Income	`ProfitLoss`	$278.07M	USD	3 Qtrs
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.76	USD	3 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`	$0.62	USD	3 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$3.03	USD	3 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$2.57	USD	3 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$2.56	USD	3 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$3.01	USD	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$104.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$124.34M	USD	1 Quarter
Net Income	`ProfitLoss`	$325.86M	USD	3 Qtrs
Net Income	`ProfitLoss`	$278.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$150.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$169.03M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$41.52M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$45.99M	USD	3 Qtrs
Net loss (gain) on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.24M	USD	3 Qtrs
Net loss (gain) on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-106.00K	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$15.90M	USD	3 Qtrs
Noncash compensation	`ShareBasedCompensation`	$14.55M	USD	3 Qtrs
Distributions of accumulated earnings of unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$348.00K	USD	3 Qtrs
Distributions of accumulated earnings of unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$80.74M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$152.49M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$114.74M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-7.54M	USD	3 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.31M	USD	3 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$18.38M	USD	3 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-11.03M	USD	3 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-14.15M	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$102.50M	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-12.89M	USD	3 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.70M	USD	3 Qtrs
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.74M	USD	3 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$58.29M	USD	3 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$86.86M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$364.92M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$384.15M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$301.49M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$268.58M	USD	3 Qtrs
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.86M	USD	3 Qtrs
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$39.79M	USD	3 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.60M	USD	3 Qtrs
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.53M	USD	3 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.12M	USD	3 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.47M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-335.62M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-265.36M	USD	3 Qtrs
Net proceeds (payments) of revolving credit facility	`ProceedsFromRepaymentsOfDebt`	$-53.80M	USD	3 Qtrs
Net proceeds (payments) of revolving credit facility	`ProceedsFromRepaymentsOfDebt`	$250.00M	USD	3 Qtrs
Excess tax benefits from employee benefit plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.08M	USD	3 Qtrs
Excess tax benefits from employee benefit plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$3.12M	USD	3 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$67.08M	USD	3 Qtrs
Payments of Dividends	`PaymentsOfDividends`	$81.76M	USD	3 Qtrs
Repurchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$236.68M	USD	3 Qtrs
Repurchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.36M	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-117.76M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.20M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.84M	USD	3 Qtrs
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$91.43M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$120.55M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$74.59M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$102.35M	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`	$120.55M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$74.59M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$102.35M	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$104.41M	USD	1 Quarter
Net Income	`ProfitLoss`	$124.34M	USD	1 Quarter
Net Income	`ProfitLoss`	$325.86M	USD	3 Qtrs
Net Income	`ProfitLoss`	$278.07M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-43.28M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-52.74M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-60.69M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$17.51M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-43.28M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-52.74M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-60.69M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$17.51M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$217.38M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$71.60M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$282.57M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$121.91M	USD	1 Quarter

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