Cal Dive International Inc (CDVI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2500 CITYWEST BOULEVARD
HOUSTON, TX 77042
State of Incorp. DE
Fiscal Year End December 31
Industry (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)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5833,29912,1906,1068,46811,050
Cash and cash equivalents2,5833,29912,1906,1068,46811,050
Receivables201,937208,754190,419163,163127,177103,220
Prepaid expense3,2394,4834,4527,1141,197 
Deferred costs6,9697,42915,0008,5229,5319,343
Disposal group, including discontinued operation7,782     
Prepaid expense and other current assets38,363
Assets held-for-sale10,32811,06812,47214,93821,806
Income taxes receivable699    
Deferred tax assets   52   
Other current assets23,94941,67337,27141,21935,449 
Other undisclosed current assets(20,614)(22,240)(40,409)(28,108)(25,666)(33,972)
Total current assets:225,845254,425230,043210,488171,094149,810
Noncurrent Assets
Nontrade receivables1,688 
Property, plant and equipment352,728369,173388,580395,377413,534415,034
Long-term investments and receivables2,430     
Long-term investments2,430     
Intangible assets, net (including goodwill)314866122255388
Intangible assets, net (excluding goodwill)314866122255388
Deposits noncurrent assets1,0941,138    
Deferred costs   7,664   
Other noncurrent assets14,89513,6478,5629,44910,496 
Prepaid expense and other noncurrent assets10,510
Assets held-for-sale, long lived5,000   
Other undisclosed noncurrent assets12,39120,08610,76724,62519,79615,826
Total noncurrent assets:385,257404,092420,639429,573444,081441,758
TOTAL ASSETS:611,102658,517650,682640,061615,175591,568
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities134,383161,685164,178143,622104,680112,297
Interest and dividends payable2,950     
Taxes payable13,37019,58814,05012,23013,57016,069
Employee-related liabilities4,5022,9546,1813,9624,8313,761
Accounts payable93,081106,337114,663100,46567,38369,160
Accrued liabilities20,48032,80629,28426,96518,89623,307
Debt247,29813,98913,98913,98913,9894,821
Self insurance reserve6,5827,4205,8078,3837,0717,045
Billings in excess of cost1,3586711722,01762299
Deferred tax liabilities1,7151,656 3,1042,6153,034
Other undisclosed current liabilities(19,017)(23,266)(22,152)(18,706)(15,396)(18,402)
Total current liabilities:372,319162,155161,994152,409113,021109,094
Noncurrent Liabilities
Long-term debt and lease obligation  209,568179,464173,827165,989133,783
Long-term debt, excluding current maturities  209,568179,464173,827165,989133,783
Liabilities, other than long-term debt42,93263,48973,53674,05583,039104,121
Deferred tax liabilities, net29,31148,80558,78461,07870,76268,154
Liability for uncertainty in income taxes6,1026,3296,3295,4085,1595,820
Other liabilities7,5198,3558,4237,5697,1187,628
Derivative instruments and hedges, liabilities      22,519
Other undisclosed noncurrent liabilities(6,102)(6,329)(6,329)(5,408)(5,159)(5,820)
Total noncurrent liabilities:36,830266,728246,671242,474243,869232,084
Total liabilities:409,149428,883408,665394,883356,890341,178
Equity
Equity, attributable to parent, including:207,249234,804242,017249,433263,547255,082
Common stock985988975977978979
Additional paid in capital439,830438,376437,455437,284435,828423,972
Accumulated other comprehensive income (loss)(764)(832)(666)1,3331021,824
Accumulated deficit(232,802)(203,728)(190,677)(190,161)(173,361)(171,693)
Other undisclosed equity, attributable to parent   (5,070)   
Equity, attributable to noncontrolling interest(5,296)(5,170)(5,070)(4,255)(5,262)(4,692)
Other undisclosed equity   10,140   
Total equity:201,953229,634247,087245,178258,285250,390
Other undisclosed liabilities and equity   (5,070)   
TOTAL LIABILITIES AND EQUITY:611,102658,517650,682640,061615,175591,568

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

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Revenues128,994120,716512155,560124,12980,899
Revenue, net121,689119,104 155,246120,98680,919
Cost of revenue(139,120)(125,323)(149,310)(144,800)(118,356)(92,436)
Other undisclosed gross profit(7,305)(1,612)159,295(314)(3,143)20
Gross profit:(17,431)(6,219)10,49710,4462,630(11,517)
Operating expenses(23,036)(10,027)(24,772)(31,181)(10,802)(12,034)
Other undisclosed operating income (loss)7,3051,61213,3373143,143(20)
Operating loss:(33,162)(14,634)(938)(20,421)(5,029)(23,571)
Nonoperating income (expense)(414)1941,822(337)(376)(79)
Interest and debt expense(7,977)(5,608)(12,698)(5,677)1,795(4,632)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (4,652) 6,362  (63)
Loss from continuing operations before income taxes:(46,205)(20,048)(5,452)(26,435)(3,610)(28,345)
Income tax benefit17,0046,8974,91610,6431,3729,319
Loss from continuing operations:(29,201)(13,151)(536)(15,792)(2,238)(19,026)
Loss before gain (loss) on sale of properties:(29,201)(13,151)(536)(15,792)(2,238)(19,026)
Net loss:(29,201)(13,151)(536)(15,792)(2,238)(19,026)
Other undisclosed net income (loss) attributable to parent126100(938)(1,008)5701,376
Net loss attributable to parent:(29,075)(13,051)(1,474)(16,800)(1,668)(17,650)
Other undisclosed net income available to common stockholders, basic   958   
Net loss available to common stockholders, diluted:(29,075)(13,051)(516)(16,800)(1,668)(17,650)

Comprehensive Income ($ in thousands)

9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
Net loss:(29,201)(13,151)(536)(15,792)(2,238)(19,026)
Other comprehensive income (loss)69(167)(1,999)1,231(1,722)(261)
Comprehensive loss:(29,132)(13,318)(2,535)(14,561)(3,960)(19,287)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest126(100)(20)1,008(570)(1,376)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  20040(2,016)1,1402,752
Comprehensive loss, net of tax, attributable to parent:(29,006)(13,218)(2,515)(15,569)(3,390)(17,911)

Statements Sources

The financial statements are based on the Company's filings with 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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