Oceaneering International Inc. (OII) Financial Statements (2024 and earlier)

Company Profile

Business Address 5875 NORTH SAM HOUSTON PARKWAY WEST
HOUSTON, TX 77086
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 millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 462569538452374354
Cash and cash equivalents 462569538452374354
Receivables331297263296421(7)
Inventory, net of allowances, customer advances and progress billings210184154141175195
Inventory210184154141175195
Prepaid expense   62494361
Contract with customer, asset, after allowance for credit loss235185    
Other current assets6863    
Other undisclosed current assets  171232231642
Total current assets:1,3061,2971,1881,1701,2441,245
Noncurrent Assets
Operating lease, right-of-use asset338140   
Property, plant and equipment424438490  965
Intangible assets, net (including goodwill)34343535405413
Goodwill34343535405413
Other noncurrent assets137122104108151202
Other undisclosed noncurrent assets   146141163 
Total noncurrent assets:9337357752847201,580
Other undisclosed assets    591777 
TOTAL ASSETS:2,2392,0321,9632,0462,7412,825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities568455413387484495
Accounts payable15614812294146103
Accrued liabilities412307291293338392
Deferred revenue165113   
Other undisclosed current liabilities   8850117 
Total current liabilities:732568501437601495
Noncurrent Liabilities
Long-term debt and lease obligation477701861961797787
Long-term debt, excluding current maturities477701702805797787
Liabilities, other than long-term debt, including:102859089107128
Accounts payable and accrued liabilities 252727252830
Deferred compensation liability, classified 15     
Deferred income tax liabilities 121  
Liability for uncertainty in income taxes 2711151521 
Liability, pension and other postretirement and postemployment benefits      3
Due to related parties141213108
Other liabilities102859089  
Operating lease, liability293152159156 
Other undisclosed liabilities, other than long-term debt (362)(207)(55)(52)4887
Other undisclosed noncurrent liabilities 293152  161 
Total noncurrent liabilities:8729379511,0511,064915
Total liabilities:1,6051,5061,4521,4881,6651,410
Equity
Equity, attributable to parent6285205055521,0691,409
Common stock282828282828
Treasury stock, value(574)(606)(632)(660)(682)(704)
Additional paid in capital132156174192207220
Accumulated other comprehensive loss(382)(386)(366)(359)(334)(339)
Retained earnings1,4251,3281,3021,3511,8502,205
Equity, attributable to noncontrolling interest666666
Total equity:6345265115581,0751,415
TOTAL LIABILITIES AND EQUITY:2,2392,0321,9632,0462,7412,825

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,4252,0661,8691,8282,0481,909
Revenue, net1,909
Cost of revenue
(Cost of Goods and Services Sold)
(2,026)(1,759)(1,605)(1,664)(1,950)(1,780)
Gross profit:39930726416498129
Operating expenses(218)(197)(224)(196)(215)(198)
Other undisclosed operating loss    (414)(174)(76)
Operating income (loss):18111140(446)(291)(145)
Nonoperating income1564311
Investment income, nonoperating15623810
Loss, foreign currency transaction, before tax   (8)(14)  
Other nonoperating income (expense)  1014(7)(9)
Interest and debt expense(37)(38)(40)(44)(43)(38)
Income (loss) from continuing operations before equity method investments, income taxes:160784(487)(332)(182)
Income (loss) from equity method investments22121(4)
Income (loss) from continuing operations before income taxes:162805(484)(331)(186)
Income tax expense (benefit)(64)(53)(44)2(18)(26)
Income (loss) from continuing operations:9927(39)(482)(348)(212)
Loss before gain (loss) on sale of properties:(39)(482)(348)(212)
Other undisclosed net loss(1)(1)(10)(15)  
Net income (loss) available to common stockholders, diluted:9726(49)(497)(348)(212)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):9726(49)(497)(348)(212)
Other comprehensive income (loss)4(20)(7)(25)5(47)
Comprehensive income (loss), net of tax, attributable to parent:1016(56)(522)(343)(260)

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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