Oceaneering International, Inc. (OII) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37435443045038543191
Cash and cash equivalents37435443045038543191
Receivables421(7)477490613778769
Inventory, net of allowances, customer advances and progress billings175195215280328376442
Inventory175195215280328376442
Prepaid expense436165  79 
Prepaid expense and other current assets201
Other current assets   43191129 
Other undisclosed current assets231642   (79)(70)
Total current assets:1,2441,2451,1871,2631,5171,7141,433
Noncurrent Assets
Property, plant and equipment 9651,0641,1531,2671,3061,189
Long-term investments and receivables    493337
Long-term investments    493337
Intangible assets, net (including goodwill)405413456444427392413
Goodwill405413456444427331344
Intangible assets, net (excluding goodwill)     6169
Other noncurrent assets151202317271218128 
Prepaid expense and other noncurrent assets125
Other undisclosed noncurrent assets163   (49)(61)(69)
Total noncurrent assets:7201,5801,8371,8681,9121,7981,695
Other undisclosed assets777      
TOTAL ASSETS:2,7412,8253,0243,1303,4303,5123,129
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:484495436508616889517
Accounts payable1461038678118124130
Accrued liabilities338392350431477490517
Employee-related liabilities     209219
Taxes payable    206581
Other undisclosed accounts payable and accrued liabilities      (429)
Deferred revenue and credits   117150
Other undisclosed current liabilities117    (326)60
Total current liabilities:601495436508616679727
Noncurrent Liabilities
Long-term debt and lease obligation797787792793796750 
Long-term debt, excluding current maturities797787792793796750 
Liabilities, other than long-term debt, including:107128131312439804987
Accounts payable and accrued liabilities2830   16358
Deferred tax liabilities, net    323261
Liability for uncertainty in income taxes21      
Postemployment benefits liability11
Liability, pension and other postretirement and postemployment benefits 3   11
Due to related parties108   29 
Other liabilities  131312439425358
Other undisclosed liabilities, other than long-term debt4887     
Other undisclosed noncurrent liabilities161      
Total noncurrent liabilities:1,0649159241,1051,2351,554987
Total liabilities:1,6651,4101,3591,6141,8512,2341,714
Stockholders' equity
Stockholders' equity attributable to parent1,0691,4091,6591,5171,5791,6582,043
Common stock28282828282828
Treasury stock, value(682)(704)(719)(731)(744)(657)(76)
Additional paid in capital207220225228230230222
Accumulated other comprehensive loss(334)(339)(292)(303)(300)(183)(53)
Retained earnings1,8502,2052,4172,2952,3652,2401,922
Stockholders' equity attributable to noncontrolling interest665    
Total stockholders' equity:1,0751,4151,6651,5171,5791,6582,043
Other undisclosed liabilities and equity     (380)(629)
TOTAL LIABILITIES AND EQUITY:2,7412,8253,0243,1303,4303,5123,129

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0481,9091,9222,2723,0633,6603,287
Revenue, net1,9091,9222,2723,0633,6603,287
Cost of revenue(1,950)(1,780)(1,727)(1,992)(2,457)(2,912)(2,630)
Cost of goods and services sold(1,950)(1,780)(1,727)(1,992)(2,457)(2,800)(2,521)
Other undisclosed gross profit     111109
Gross profit:98129195279605859766
Operating expenses(215)(198)(184)(208)(232)(459)(423)
Other undisclosed operating income (loss)(174)(76)   229203
Operating income (loss):(291)(145)1171374628545
Nonoperating income (expense)111(2)(15)(1)(1)
Investment income, nonoperating81074101
Foreign currency transaction gain (loss), before tax     (1)0
Other nonoperating expense(7)(9)(6)(6)(15)(0)(1)
Interest and debt expense(43)(38)(28)(25)(25)(5)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(332)(182)(16)43334623542
Income (loss) from equity method investments1(4)(2)02(0)0
Income (loss) from continuing operations before income taxes:(331)(186)(18)43336623542
Income tax expense (benefit)(18)(26)184(19)(105)(195)(171)
Income (loss) before gain (loss) on sale of properties:(348)(212)16625231428372
Other undisclosed net income (loss)     1(0)
Net income (loss) available to common stockholders, diluted:(348)(212)16625231428372

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(348)(212)16625231428372
Other comprehensive income (loss)5(47)11(2)(117)(130)(70)
Comprehensive income (loss), net of tax, attributable to parent:(343)(260)17722114298301

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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