Cal Dive International Inc (CDVI) financial statements (2022 and earlier)

Company profile

Business Address 2500 CITYWEST BOULEVARD
State of Incorp. DE
Fiscal Year End December 31
SIC 1389 - Oil and Gas Field Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments12,1908,343
Cash and cash equivalents12,1908,343
Prepaid expense4,452
Deferred costs15,0008,400
Prepaid expense and other current assets40,739
Assets held-for-sale11,06823,603
Income taxes receivable 8,271
Deferred tax assets52 
Other current assets37,271
Other undisclosed current assets(40,409)(59,500)
Total current assets:230,043179,909
Noncurrent Assets
Property, plant and equipment388,580423,536
Intangible assets, net (including goodwill)66521
Intangible assets, net (excluding goodwill)66521
Deferred costs7,66410,234
Other noncurrent assets8,562
Prepaid expense and other noncurrent assets11,524
Assets held-for-sale, long lived5,000 
Other undisclosed noncurrent assets10,7674,949
Total noncurrent assets:420,639450,764
TOTAL ASSETS:650,682630,673
Current Liabilities
Accounts payable and accrued liabilities164,178120,771
Accounts payable114,66373,480
Accrued liabilities29,28429,432
Employee-related liabilities6,1814,232
Taxes payable14,05013,627
Self insurance reserve5,8077,986
Billings in excess of cost172179
Deferred tax liabilities 3,100
Other undisclosed current liabilities(22,152)(20,561)
Total current liabilities:161,994115,694
Noncurrent Liabilities
Long-term debt and lease obligation179,464133,116
Long-term debt, excluding current maturities179,464133,116
Liabilities, other than long-term debt73,536119,408
Deferred tax liabilities, net58,78483,714
Liability for uncertainty in income taxes6,3295,820
Other liabilities8,4237,418
Derivative instruments and hedges, liabilities 22,456
Other undisclosed noncurrent liabilities(6,329)(5,820)
Total noncurrent liabilities:246,671246,704
Total liabilities:408,665362,398
Stockholders' equity
Stockholders' equity attributable to parent, including:242,017268,275
Common stock975979
Additional paid in capital437,455422,570
Accumulated other comprehensive income (loss)(666)2,085
Accumulated deficit(190,677)(154,043)
Other undisclosed stockholders' equity attributable to parent(5,070)(3,316)
Stockholders' equity attributable to noncontrolling interest(5,070)(3,316)
Other undisclosed stockholders' equity10,1406,632
Total stockholders' equity:247,087271,591
Other undisclosed liabilities and equity(5,070)(3,316)

Income statement (P&L) ($ in thousands)

Revenue, net516,958464,847
Cost of revenue(504,902)(467,135)
Other undisclosed gross profit155,858(3,363)
Gross profit:12,056(2,288)
Operating expenses(78,789)(111,039)
Other undisclosed operating income16,77432,712
Operating loss:(49,959)(80,615)
Nonoperating income1,030178
Interest and debt expense(21,275)(14,786)
Other undisclosed income from continuing operations before equity method investments, income taxes6,3622,139
Loss from continuing operations before income taxes:(63,842)(93,084)
Income tax benefit26,25024,739
Net loss attributable to parent:(37,592)(68,345)
Other undisclosed net income available to common stockholders, basic9583,316
Net loss available to common stockholders, diluted:(36,634)(65,029)

Comprehensive Income ($ in thousands)

Net loss:(37,592)(68,345)
Other comprehensive loss(2,751)(25)
Comprehensive loss:(40,343)(68,370)
Comprehensive loss, net of tax, attributable to noncontrolling interest(958)(3,316)
Other undisclosed comprehensive income, net of tax, attributable to parent1,9166,632
Comprehensive loss, net of tax, attributable to parent:(39,385)(65,054)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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