Cal Dive International Inc (CDVI) Financial Statements (2023 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 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 12,190 | 8,343 | |||
| Cash and cash equivalents | 12,190 | 8,343 | |||
| Receivables | 190,419 | 150,053 | |||
| Prepaid expense | 4,452 | ✕ | |||
| Deferred costs | 15,000 | 8,400 | |||
| Prepaid expense and other current assets | ✕ | ✕ | 40,739 | ||
| Assets held-for-sale | ✕ | 11,068 | 23,603 | ||
| Income taxes receivable | ✕ | 8,271 | |||
| Deferred tax assets | 52 | ||||
| Other current assets | 37,271 | ✕ | |||
| Other undisclosed current assets | (40,409) | (59,500) | |||
| Total current assets: | 230,043 | 179,909 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 388,580 | 423,536 | |||
| Intangible assets, net (including goodwill) | 66 | 521 | |||
| Intangible assets, net (excluding goodwill) | 66 | 521 | |||
| Deferred costs | 7,664 | 10,234 | |||
| Other noncurrent assets | 8,562 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 11,524 | ||
| Assets held-for-sale, long lived | ✕ | 5,000 | |||
| Other undisclosed noncurrent assets | 10,767 | 4,949 | |||
| Total noncurrent assets: | 420,639 | 450,764 | |||
| TOTAL ASSETS: | 650,682 | 630,673 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 164,178 | 120,771 | |||
| Taxes payable | 14,050 | 13,627 | |||
| Employee-related liabilities | 6,181 | 4,232 | |||
| Accounts payable | 114,663 | 73,480 | |||
| Accrued liabilities | 29,284 | 29,432 | |||
| Debt | 13,989 | 4,219 | |||
| Self insurance reserve | 5,807 | 7,986 | |||
| Billings in excess of cost | 172 | 179 | |||
| Deferred tax liabilities | 3,100 | ||||
| Other undisclosed current liabilities | (22,152) | (20,561) | |||
| Total current liabilities: | 161,994 | 115,694 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 179,464 | 133,116 | |||
| Long-term debt, excluding current maturities | 179,464 | 133,116 | |||
| Liabilities, other than long-term debt | 73,536 | 119,408 | |||
| Deferred tax liabilities, net | 58,784 | 83,714 | |||
| Liability for uncertainty in income taxes | 6,329 | 5,820 | |||
| Other liabilities | 8,423 | 7,418 | |||
| Derivative instruments and hedges, liabilities | 22,456 | ||||
| Other undisclosed noncurrent liabilities | (6,329) | (5,820) | |||
| Total noncurrent liabilities: | 246,671 | 246,704 | |||
| Total liabilities: | 408,665 | 362,398 | |||
| Equity | |||||
| Equity, attributable to parent, including: | 242,017 | 268,275 | |||
| Common stock | 975 | 979 | |||
| Additional paid in capital | 437,455 | 422,570 | |||
| Accumulated other comprehensive income (loss) | (666) | 2,085 | |||
| Accumulated deficit | (190,677) | (154,043) | |||
| Other undisclosed equity, attributable to parent | (5,070) | (3,316) | |||
| Equity, attributable to noncontrolling interest | (5,070) | (3,316) | |||
| Other undisclosed equity | 10,140 | 6,632 | |||
| Total equity: | 247,087 | 271,591 | |||
| Other undisclosed liabilities and equity | (5,070) | (3,316) | |||
| TOTAL LIABILITIES AND EQUITY: | 650,682 | 630,673 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 361,100 | 468,210 | ||
| Revenue, net | 516,958 | 464,847 | ||
| Cost of revenue | (504,902) | (467,135) | ||
| Other undisclosed gross profit | 155,858 | (3,363) | ||
| Gross profit: | 12,056 | (2,288) | ||
| Operating expenses | (78,789) | (111,039) | ||
| Other undisclosed operating income | 16,774 | 32,712 | ||
| Operating loss: | (49,959) | (80,615) | ||
| Nonoperating income | 1,030 | 178 | ||
| Interest and debt expense | (21,275) | (14,786) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 6,362 | 2,139 | ||
| Loss from continuing operations before income taxes: | (63,842) | (93,084) | ||
| Income tax benefit | 26,250 | 24,739 | ||
| Loss from continuing operations: | (37,592) | (68,345) | ||
| Loss before gain (loss) on sale of properties: | (37,592) | (68,345) | ||
| Net loss attributable to parent: | (37,592) | (68,345) | ||
| Other undisclosed net income available to common stockholders, basic | 958 | 3,316 | ||
| Net loss available to common stockholders, diluted: | (36,634) | (65,029) | ||
Comprehensive Income ($ in thousands)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| 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 parent | 1,916 | 6,632 | ||
| 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 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.