Oceaneering International, Inc. (OII) financial statements (2021 and earlier)

Company profile

Business Address 11911 FM 529
HOUSTON, TX 77041
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 millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4521010 37410
Cash and cash equivalents452   374 
Short-term investments 1010  10
Receivables296332353 421376
Inventory, net of allowances, customer advances and progress billings141149160 175199
Inventory141149160 175199
Prepaid expense49   43 
Contract with customer, asset 221223  197
Other current assets 6661  55
Other undisclosed current assets232349323 231330
Total current assets:1,1701,1261,132 1,2441,167
Noncurrent Assets
Operating lease, right-of-use asset 140145   
Property, plant and equipment 609648  946
Intangible assets, net (including goodwill)353575 405410
Goodwill353575 405410
Regulated entity, other noncurrent assets 66  7
Other noncurrent assets108 129 151190
Other undisclosed noncurrent assets141(487)(654) 163(781)
Total noncurrent assets:284302349 720772
Other undisclosed assets591609648 777946
TOTAL ASSETS:2,0462,0382,129 2,7412,886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities387386401 484415
Accounts payable949689 146102
Accrued liabilities293289311 338314
Deferred revenue 4652   
Contract with customer, liability95
Other undisclosed current liabilities50   117 
Total current liabilities:437431452 601510
Noncurrent Liabilities
Long-term debt and lease obligation961960966 797800
Long-term debt, excluding current maturities805806806 797800
Operating lease, liability156154160   
Liabilities, other than long-term debt, including:898785 107129
Accounts payable and accrued liabilities25   28 
Liability for uncertainty in income taxes15   2120
Due to related parties13   10 
Other liabilities898785  109
Other undisclosed liabilities, other than long-term debt(52)   48 
Other undisclosed noncurrent liabilities    161143
Total noncurrent liabilities:1,0511,0471,051 1,0641,072
Total liabilities:1,4881,4781,503 1,6651,583
Stockholders' equity
Stockholders' equity attributable to parent552553619 1,0691,297
Common stock282828 2828
Treasury stock, value(660)(660)(661) (682)(682)
Additional paid in capital192190191 207204
Accumulated other comprehensive loss(359)(381)(394) (334)(366)
Retained earnings1,3511,3761,456 1,8502,113
Stockholders' equity attributable to noncontrolling interest666 66
Total stockholders' equity:558559625 1,0751,303
TOTAL LIABILITIES AND EQUITY:2,0462,0382,129 2,7412,886

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues424440427 561498
Cost of revenue
(Cost of Goods and Services Sold)
(379)(410)(385) (581)(449)
Gross profit:453043 (20)49
Operating expenses(43)(49)(48) (60)(54)
Other undisclosed operating loss(2)(41)  (174) 
Operating income (loss):0(61)(5) (254)(5)
Nonoperating income (expense)15(2)(3) (2)(2)
Investment income, nonoperating 01 12
Other nonoperating expense (3)(4) (4)(4)
Interest and debt expense(11)(9)(12) (12)(11)
Income (loss) from continuing operations before equity method investments, income taxes:5(72)(20) (268)(18)
Income from equity method investments001 11
Income (loss) from continuing operations before income taxes:5(72)(19) (267)(18)
Income tax expense (benefit)(15)(7)(6) 4(8)
Loss before gain (loss) on sale of properties:(10)(79)(25) (263)(26)
Other undisclosed net loss(15)     
Net loss available to common stockholders, diluted:(25)(79)(25) (263)(26)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net loss:(25)(79)(25) (263)(26)
Other comprehensive income (loss)211311 32(33)
Comprehensive loss, net of tax, attributable to parent:(4)(66)(14) (231)(59)

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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