Oceaneering International, Inc. (OII) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments538452374354430450385
Cash and cash equivalents538452374354430450385
Receivables263296421(7)477490613
Inventory, net of allowances, customer advances and progress billings154141175195215280328
Inventory154141175195215280328
Prepaid expense6249436165  
Other current assets     43191
Other undisclosed current assets171232231642   
Total current assets:1,1881,1701,2441,2451,1871,2631,517
Noncurrent Assets
Property, plant and equipment490  9651,0641,1531,267
Long-term investments and receivables      49
Long-term investments      49
Intangible assets, net (including goodwill)3535405413456444427
Goodwill3535405413456444427
Other noncurrent assets104108151202317271218
Other undisclosed noncurrent assets146141163   (49)
Total noncurrent assets:7752847201,5801,8371,8681,912
Other undisclosed assets 591777    
TOTAL ASSETS:1,9632,0462,7412,8253,0243,1303,430
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities413387484495436508616
Accounts payable122941461038678118
Accrued liabilities291293338392350431477
Taxes payable      20
Other undisclosed current liabilities8850117    
Total current liabilities:501437601495436508616
Noncurrent Liabilities
Long-term debt and lease obligation861961797787792793796
Long-term debt, excluding current maturities702805797787792793796
Operating lease, liability159156 
Liabilities, other than long-term debt, including:9089107128131312439
Accounts payable and accrued liabilities27252830   
Deferred income tax liabilities1  
Liability for uncertainty in income taxes151521    
Liability, pension and other postretirement and postemployment benefits   3   
Due to related parties1213108   
Other liabilities9089  131312439
Other undisclosed liabilities, other than long-term debt(55)(52)4887   
Other undisclosed noncurrent liabilities  161    
Total noncurrent liabilities:9511,0511,0649159241,1051,235
Total liabilities:1,4521,4881,6651,4101,3591,6141,851
Stockholders' equity
Stockholders' equity attributable to parent5055521,0691,4091,6591,5171,579
Common stock28282828282828
Treasury stock, value(632)(660)(682)(704)(719)(731)(744)
Additional paid in capital174192207220225228230
Accumulated other comprehensive loss(366)(359)(334)(339)(292)(303)(300)
Retained earnings1,3021,3511,8502,2052,4172,2952,365
Stockholders' equity attributable to noncontrolling interest66665  
Total stockholders' equity:5115581,0751,4151,6651,5171,579
TOTAL LIABILITIES AND EQUITY:1,9632,0462,7412,8253,0243,1303,430

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,8691,8282,0481,9091,9222,2723,063
Revenue, net1,9091,9222,2723,063
Cost of revenue
(Cost of Goods and Services Sold)
(1,605)(1,664)(1,950)(1,780)(1,727)(1,992)(2,457)
Gross profit:26416498129195279605
Operating expenses(224)(196)(215)(198)(184)(208)(232)
Other undisclosed operating loss (414)(174)(76)   
Operating income (loss):40(446)(291)(145)1171374
Nonoperating income (expense)43111(2)(15)
Investment income, nonoperating23810741
Foreign currency transaction loss, before tax(8)(14)     
Other nonoperating income (expense)1014(7)(9)(6)(6)(15)
Interest and debt expense(40)(44)(43)(38)(28)(25)(25)
Income (loss) from continuing operations before equity method investments, income taxes:4(487)(332)(182)(16)43334
Income (loss) from equity method investments121(4)(2)02
Income (loss) from continuing operations before income taxes:5(484)(331)(186)(18)43336
Income tax expense (benefit)(44)2(18)(26)184(19)(105)
Income (loss) before gain (loss) on sale of properties:(39)(482)(348)(212)16625231
Other undisclosed net loss(10)(15)     
Net income (loss) available to common stockholders, diluted:(49)(497)(348)(212)16625231

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(49)(497)(348)(212)16625231
Other comprehensive income (loss)(7)(25)5(47)11(2)(117)
Comprehensive income (loss), net of tax, attributable to parent:(56)(522)(343)(260)17722114

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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