10-Q Filing

OCEANEERING INTERNATIONAL INC CIK: 73756 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-208045`
Period End Date	20110630
Filing Date	20110803
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	oii-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 58 Cash Flow Statement 56

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.66M	USD	Point-in-time
Accounts receivable, allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$162.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$144.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.92M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $6,093 and $5,655	`AccountsReceivableNetCurrent`	$424.01M	USD	Point-in-time
Accounts receivable, net of allowances for doubtful accounts of $6,093 and $5,655	`AccountsReceivableNetCurrent`	$500.43M	USD	Point-in-time
Inventory	`InventoryNet`	$264.49M	USD	Point-in-time
Inventory	`InventoryNet`	$236.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$79.03M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$77.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$994.87M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$983.50M	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.78B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$1.63B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$912.64M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$844.74M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$786.37M	USD	Point-in-time
Net Property and Equipment	`PropertyPlantAndEquipmentNet`	$864.11M	USD	Point-in-time
Goodwill	`Goodwill`	$143.23M	USD	Point-in-time
Goodwill	`Goodwill`	$170.15M	USD	Point-in-time
Investment in Medusa Spar LLC	`EquityMethodInvestments`	$51.82M	USD	Point-in-time
Investment in Medusa Spar LLC	`EquityMethodInvestments`	$50.77M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$80.56M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$65.58M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$260.63M	USD	Point-in-time
Total Other Assets	`TotalOtherAssets`	$301.48M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.03B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$314.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$279.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$39.87M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$42.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$439.86M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$438.58M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$200.44M	USD	Point-in-time
Other Long-term Liabilities	`OtherLiabilitiesNoncurrent`	$215.51M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Shareholders' Equity	`StockholdersEquity`	$1.39B	USD	Point-in-time
Shareholders' Equity	`StockholdersEquity`	$1.51B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.16B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.02B	USD	2 Qtrs
Revenue	`Revenues`	$464.30M	USD	1 Quarter
Revenue	`Revenues`	$899.47M	USD	2 Qtrs
Revenue	`Revenues`	$545.84M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$791.34M	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$676.26M	USD	2 Qtrs
Cost of services and products	`CostOfGoodsAndServicesSold`	$419.72M	USD	1 Quarter
Cost of services and products	`CostOfGoodsAndServicesSold`	$340.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$224.92M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$223.21M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$98.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$123.50M	USD	1 Quarter
Gross Profit	`GrossProfit`	$126.12M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$75.50M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$44.44M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$38.13M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$82.18M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$85.37M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$142.74M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$81.67M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$147.70M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$61.07M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$89.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$214.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$256.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$111.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$212.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$359.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.52M	USD	2 Qtrs
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$450.00K	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.01M	USD	2 Qtrs
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.43M	USD	1 Quarter
Equity earnings of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$1.90M	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-217.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-358.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.51M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$525.00K	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$83.56M	USD	1 Quarter
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$143.94M	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$144.18M	USD	2 Qtrs
Income before Income Taxes	`IncomeIncludingEquityAffiliateEarningsBeforeIncomeTaxes`	$82.76M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.38M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.42M	USD	2 Qtrs
Net Income	`ProfitLoss`	$54.32M	USD	1 Quarter
Net Income	`ProfitLoss`	$56.69M	USD	1 Quarter
Net Income	`ProfitLoss`	$93.56M	USD	2 Qtrs
Net Income	`ProfitLoss`	$98.76M	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.85	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic Earnings per Share	`EarningsPerShareBasic`	$0.91	USD	2 Qtrs
Basic Earnings per Share	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.91	USD	2 Qtrs
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted Earnings per Share	`EarningsPerShareDiluted`	$0.84	USD	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$54.32M	USD	1 Quarter
Net income	`ProfitLoss`	$56.69M	USD	1 Quarter
Net income	`ProfitLoss`	$93.56M	USD	2 Qtrs
Net income	`ProfitLoss`	$98.76M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$73.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$73.14M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$272.00K	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$3.82M	USD	2 Qtrs
Gain on dispositions of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.70M	USD	2 Qtrs
Gain on dispositions of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$960.00K	USD	2 Qtrs
Noncash compensation	`ShareBasedCompensation`	$4.22M	USD	2 Qtrs
Noncash compensation	`ShareBasedCompensation`	$5.71M	USD	2 Qtrs
Distributions from Medusa Spar LLC greater than earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-3.05M	USD	2 Qtrs
Distributions from Medusa Spar LLC greater than earnings	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$-1.05M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$531.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$64.47M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.12M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$23.22M	USD	2 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.52M	USD	2 Qtrs
Other operating assets	`IncreaseDecreaseInOtherOperatingAssets`	$585.00K	USD	2 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$-2.98M	USD	2 Qtrs
Currency translation effect on working capital	`EffectOfExchangeRateOnWorkingCapital`	$2.62M	USD	2 Qtrs
Operating liabilities	`IncreaseDecreaseInOperatingLiabilities`	$40.79M	USD	2 Qtrs
Operating liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-10.39M	USD	2 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$101.62M	USD	2 Qtrs
Total adjustments to net income	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-13.27M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$85.49M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$195.18M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.20M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$94.87M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$56.00M	USD	1 Quarter
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$59.56M	USD	2 Qtrs
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.50M	USD	2 Qtrs
Dispositions of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00M	USD	2 Qtrs
Disposition of equity method investment	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$1.35M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-163.76M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.03M	USD	2 Qtrs
Net payments of revolving credit	`ProceedsFromRepaymentsOfUnsecuredLinesOfCredit`	$-100.00M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$693.00K	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$16.28M	USD	2 Qtrs
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$24.46M	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$255.00K	USD	2 Qtrs
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$965.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-122.80M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.02M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.65M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-94.30M	USD	2 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$162.35M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$144.70M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.92M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$162.35M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$144.70M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$245.22M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$150.92M	USD	Point-in-time

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