SEACOR Marine Holdings Inc. (SMHI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
12121 WICKCHESTER LANE HOUSTON, TX 77079 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4412 - Deep Sea Foreign Transportation of Freight (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 40,570 | 39,963 | 47,514 | 22,608 | 36,315 | 37,619 | |||
| Cash and cash equivalents | 40,570 | 39,963 | 47,514 | 22,608 | 36,315 | 37,619 | |||
| Receivables | 72,472 | 62,604 | 65,298 | 62,792 | 59,275 | 62,900 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,207 | 2,123 | 2,059 | 1,723 | 1,297 | 928 | |||
| Inventory | 2,207 | 2,123 | 2,059 | 1,723 | 1,297 | 928 | |||
| Disposal group, including discontinued operation | 6,750 | 6,000 | |||||||
| Other undisclosed current assets | 16,315 | 21,136 | 27,996 | 8,687 | 7,320 | 7,331 | |||
| Total current assets: | 131,564 | 132,576 | 148,867 | 95,810 | 104,207 | 108,778 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,654 | 6,813 | 6,972 | 7,131 | 7,290 | 100 | |||
| Operating lease, right-of-use asset | 5,984 | 6,206 | 4,419 | 5,686 | 6,238 | 6,608 | |||
| Property, plant and equipment | 653,671 | 665,016 | 678,947 | 690,632 | 705,979 | 723,518 | |||
| Long-term investments and receivables | 3,594 | 3,024 | 1,901 | 75,923 | 76,860 | 71,727 | |||
| Long-term investments | 3,594 | 3,024 | 1,901 | 75,923 | 76,860 | 71,727 | |||
| Other noncurrent assets | 2,079 | 1,995 | 1,887 | 1,932 | 2,057 | 1,771 | |||
| Total noncurrent assets: | 671,982 | 683,054 | 694,126 | 781,304 | 798,424 | 803,724 | |||
| TOTAL ASSETS: | 803,546 | 815,630 | 842,993 | 877,114 | 902,631 | 912,502 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 44,255 | 37,954 | 36,248 | 39,262 | 32,585 | 28,419 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 3,819 | 2,273 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 4,163 | 3,711 | ||
| Accrued liabilities | 13,410 | 10,208 | 4,785 | 3,697 | 3,914 | 3,934 | |||
| Other undisclosed accounts payable and accrued liabilities | 30,845 | 27,746 | 31,463 | 35,565 | 20,689 | 18,501 | |||
| Deferred revenue | 1,487 | 2,333 | 827 | 1,369 | 962 | 1,606 | |||
| Debt | 61,086 | 61,980 | 57,941 | 33,680 | 32,898 | 31,635 | |||
| Derivative instruments and hedges, liabilities | 24 | 653 | 1,831 | ||||||
| Due to related parties | 264 | 264 | 264 | 264 | 264 | 274 | |||
| Other liabilities | 3,961 | 3,580 | 3,541 | 4,148 | 5,366 | 6,558 | |||
| Other undisclosed current liabilities | 16,501 | 15,314 | 19,456 | 18,640 | 18,815 | 14,342 | |||
| Total current liabilities: | 127,554 | 121,425 | 118,277 | 97,387 | 91,543 | 84,665 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 261,094 | 266,900 | 293,231 | 329,775 | 337,867 | 337,723 | |||
| Long-term debt, excluding current maturities | 254,450 | 260,119 | 282,556 | 318,699 | 326,264 | 332,762 | |||
| Finance lease, liability | 6,644 | 6,781 | 6,916 | 7,050 | 7,183 | 76 | |||
| Liabilities, other than long-term debt | 45,858 | 48,159 | 42,515 | 36,445 | 40,177 | 43,573 | |||
| Deferred income tax liabilities | 39,120 | 40,779 | 39,823 | 33,743 | 37,153 | 40,682 | |||
| Other liabilities | 2,264 | 2,641 | 2,692 | 2,701 | 2,990 | 2,891 | |||
| Operating lease, liability | 4,474 | 4,739 | 3,759 | 4,026 | 4,420 | 4,885 | |||
| Derivative instruments and hedges, liabilities | 1 | 34 | |||||||
| Total noncurrent liabilities: | 306,952 | 315,059 | 335,746 | 366,220 | 378,044 | 381,296 | |||
| Total liabilities: | 434,506 | 436,484 | 454,023 | 463,607 | 469,587 | 465,961 | |||
| Equity | |||||||||
| Equity, attributable to parent | 368,719 | 378,825 | 388,649 | 413,184 | 432,724 | 446,221 | |||
| Common stock | 279 | 272 | 272 | 272 | 269 | 262 | |||
| Treasury stock, value | (4,119) | (1,852) | (1,852) | (1,852) | (1,792) | (1,120) | |||
| Additional paid in capital | 467,896 | 466,669 | 465,449 | 464,222 | 463,138 | 461,931 | |||
| Accumulated other comprehensive income | 7,363 | 6,847 | 4,549 | 5,960 | 8,853 | 8,055 | |||
| Accumulated deficit | (102,700) | (93,111) | (79,769) | (55,418) | (37,744) | (22,907) | |||
| Equity, attributable to noncontrolling interest | 321 | 321 | 321 | 323 | 320 | 320 | |||
| Total equity: | 369,040 | 379,146 | 388,970 | 413,507 | 433,044 | 446,541 | |||
| TOTAL LIABILITIES AND EQUITY: | 803,546 | 815,630 | 842,993 | 877,114 | 902,631 | 912,502 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 59,973 | 57,926 | 59,791 | 54,017 | 45,591 | 47,967 | ||
| Cost of revenue | (14,482) | (14,257) | (14,922) | (15,216) | (15,431) | (16,862) | ||
| Other undisclosed gross profit | (22,791) | (30,081) | (29,084) | (28,929) | (24,065) | (18,174) | ||
| Gross profit: | 22,700 | 13,588 | 15,785 | 9,872 | 6,095 | 12,931 | ||
| Operating expenses | (48,905) | (55,137) | (53,984) | (54,355) | (49,420) | (45,778) | ||
| Other undisclosed operating income | 26,390 | 31,098 | 27,301 | 28,954 | 26,204 | 18,174 | ||
| Operating income (loss): | 185 | (10,451) | (10,898) | (15,529) | (17,121) | (14,673) | ||
| Nonoperating income (expense) | (9,153) | 152 | (4,783) | (5,637) | (5,811) | (6,676) | ||
| Gain (loss), foreign currency transaction, before tax | (825) | (2,646) | 2,314 | 1,170 | 821 | (357) | ||
| Interest and debt expense | (8,788) | 31,679 | (7,634) | (6,989) | (6,627) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 8,788 | (31,679) | 7,634 | 6,989 | 6,627 | |||
| Loss from continuing operations before equity method investments, income taxes: | (8,968) | (10,299) | (15,681) | (21,166) | (22,932) | (21,349) | ||
| Income (loss) from equity method investments | 536 | 1,176 | (254) | 415 | 5,674 | 4,494 | ||
| Loss from continuing operations before income taxes: | (8,432) | (9,123) | (15,935) | (20,751) | (17,258) | (16,855) | ||
| Income tax expense (benefit) | (1,157) | (4,219) | (8,418) | 1,634 | 2,421 | 1,009 | ||
| Other undisclosed income (loss) from continuing operations | (116,614) | 29,674 | 97,966 | |||||
| Income (loss) from continuing operations: | (9,589) | (129,956) | (24,353) | (19,117) | 14,837 | 82,120 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (24,353) | (19,117) | 14,837 | 82,120 | |
| Other undisclosed net income (loss) | 116,614 | (29,674) | (97,966) | |||||
| Net loss: | (9,589) | (13,342) | (24,353) | (19,117) | (14,837) | (15,846) | ||
| Net income (loss) attributable to noncontrolling interest | 2 | (3) | ||||||
| Net loss available to common stockholders, diluted: | (9,589) | (13,342) | (24,351) | (19,120) | (14,837) | (15,846) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,589) | (13,342) | (24,353) | (19,117) | (14,837) | (15,846) | ||
| Other comprehensive income (loss) | 516 | 2,298 | (1,411) | (2,893) | 798 | 1,011 | ||
| Comprehensive loss: | (9,073) | (11,044) | (25,764) | (22,010) | (14,039) | (14,835) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 2 | (3) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (9,073) | (11,044) | (25,762) | (22,013) | (14,039) | (14,835) | ||
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.