10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000073756-17-000029`
Period End Date	20170331
Filing Date	20170503
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	oii-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 32 Cash Flow Statement 55 Comprehensive Income 8

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.29M	USD	Point-in-time
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.75M	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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	360.00M	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
Common Stock, shares issued	`CommonStockSharesIssued`	110.83M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.58M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	12.77M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$370.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$450.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$385.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$462.52M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$429.75M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts	`AccountsReceivableNetCurrent`	$489.75M	USD	Point-in-time
Inventory	`InventoryNet`	$280.13M	USD	Point-in-time
Inventory	`InventoryNet`	$297.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$56.82M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.52M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.25B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.26B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.71B	USD	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.73B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.57B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.59B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.15B	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$1.12B	USD	Point-in-time
Goodwill	`Goodwill`	$443.55M	USD	Point-in-time
Goodwill	`Goodwill`	$445.51M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$275.32M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$270.91M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$720.84M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$714.46M	USD	Point-in-time
Total Assets	`Assets`	$3.09B	USD	Point-in-time
Total Assets	`Assets`	$3.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$86.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$390.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$430.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$508.36M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$477.53M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$793.91M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$793.06M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$312.25M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$330.43M	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`	$227.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$218.31M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$720.12M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$731.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.30B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.27B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-302.66M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-309.73M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$1.52B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.09B	USD	Point-in-time
Total Liabilities and Sharesholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.13B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$446.18M	USD	1 Quarter
Revenue	`Revenues`	$608.34M	USD	1 Quarter
Revenue	`Revenues`	$488.44M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$401.32M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$510.86M	USD	1 Quarter
Gross Margin	`GrossProfit`	$97.48M	USD	1 Quarter
Gross Margin	`GrossProfit`	$44.85M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$49.38M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$45.01M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$48.10M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$-3.86M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$-150.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.34M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$295.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.27M	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-980.00K	USD	1 Quarter
Equity earnings (losses) of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$526.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.56M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.99M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.62M	USD	1 Quarter
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$36.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.44M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-1.08M	USD	1 Quarter
Net Income	`ProfitLoss`	$-7.53M	USD	1 Quarter
Net Income	`ProfitLoss`	$25.10M	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.15	USD	1 Quarter
Cash Dividends declared per Share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$-7.53M	USD	1 Quarter
Net Income	`ProfitLoss`	$25.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$56.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$59.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$53.66M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-19.94M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-389.00K	USD	1 Quarter
Net loss (gain) on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-551.00K	USD	1 Quarter
Net loss (gain) on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.00K	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$4.67M	USD	1 Quarter
Noncash compensation	`ShareBasedCompensation`	$3.72M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-60.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-35.57M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$23.67M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$17.52M	USD	1 Quarter
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$-45.55M	USD	1 Quarter
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.37M	USD	1 Quarter
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$1.47M	USD	1 Quarter
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$10.25M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-93.56M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-30.64M	USD	1 Quarter
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$21.60M	USD	1 Quarter
Other operating liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-10.65M	USD	1 Quarter
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$27.54M	USD	1 Quarter
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$66.54M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$59.01M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$52.64M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.81M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.21M	USD	1 Quarter
Payments to Acquire Other Investments	`PaymentsToAcquireOtherInvestments`	$19.95M	USD	1 Quarter
Payments to Acquire Other Investments	`PaymentsToAcquireOtherInvestments`	$14.99M	USD	1 Quarter
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$707.00K	USD	1 Quarter
Distributions of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.10M	USD	1 Quarter
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.36M	USD	1 Quarter
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.58M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.48M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.74M	USD	1 Quarter
Cash Dividends	`PaymentsOfDividends`	$14.74M	USD	1 Quarter
Cash Dividends	`PaymentsOfDividends`	$26.48M	USD	1 Quarter
Proceeds from (Payments for) Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.89M	USD	1 Quarter
Proceeds from (Payments for) Other Financing Activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.02M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.49M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.63M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$687.00K	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.05M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.32M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.38M	USD	1 Quarter
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$370.85M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$450.19M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$385.24M	USD	Point-in-time
Cash and Cash Equivalents-Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$462.52M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$370.85M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$450.19M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$385.24M	USD	Point-in-time
Cash and Cash Equivalents-End of Period	`CashAndCashEquivalentsAtCarryingValue`	$462.52M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$-7.53M	USD	1 Quarter
Net Income	`ProfitLoss`	$25.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.06M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.64M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-7.06M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$34.64M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-14.60M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$59.74M	USD	1 Quarter

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