SEACOR Marine Holdings Inc. (SMHI) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39,96337,61932,66683,94395,195110,234
Cash and cash equivalents39,96337,61932,66683,94395,195110,234
Restricted cash and investments      2,317
Receivables62,60462,90088,63767,65976,20757,957
Inventory, net of allowances, customer advances and progress billings2,1239285761,2283,4433,756
Inventory2,1239285761,2283,4433,756
Disposal group, including discontinued operation6,750 50,235   
Other undisclosed current assets21,1367,3316,5825,7164,1873,026
Total current assets:132,576108,778178,696158,546179,032177,290
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6,813100129 
Operating lease, right-of-use asset6,2066,6087,13417,313
Property, plant and equipment665,016723,518753,662692,360770,379689,833
Long-term investments and receivables3,02471,72775,308124,680121,77392,169
Long-term investments3,02471,72775,308124,680121,77392,169
Restricted cash and investments      45,361
Other noncurrent assets1,9951,7712,7343,4013,6903,851
Other undisclosed noncurrent assets    12,89328,061 
Total noncurrent assets:683,054803,724838,967850,647923,903831,214
TOTAL ASSETS:815,630912,5021,017,6631,009,1931,102,9351,008,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:37,95428,41929,96725,69119,37024,024
Interest and dividends payable2,2731,664731  
Taxes payable   1,9174,290
Employee-related liabilities3,7111,7441,8325,0255,087
Accrued liabilities10,2083,9343,2494,435 19,618
Other undisclosed accounts payable and accrued liabilities27,74618,50123,31018,69312,428(4,971)
Deferred revenue2,3331,6064,4525,327
Debt61,98031,63532,41315,09916,81222,858
Derivative instruments and hedges, liabilities  1,8314,5913,009  
Disposal group, including discontinued operation   30,927   
Deferred revenue and credits10,104
Due to related parties264274 744521,358
Contract with customer, liability1,327
Other liabilities 3,5806,5584,4394,82019,82811,879
Other undisclosed current liabilities15,31414,34225,01540,79725,82828,995
Total current liabilities:121,42584,665131,80494,81783,61799,218
Noncurrent Liabilities
Long-term debt and lease obligation266,900337,723444,960390,073387,854292,041
Long-term debt, excluding current maturities260,119332,762440,510380,251387,854292,041
Finance lease, liability6,78176105 
Liabilities, other than long-term debt48,15943,57339,06311,47476,52994,079
Deferred tax liabilities, net44,68255,506
Deferred income tax liabilities40,77940,68235,822 
Other liabilities2,6412,8913,2396,26926,57131,741
Operating lease, liability4,7394,8854,3459,822
Derivative instruments and hedges, liabilities   25,2055,2766,832
Other undisclosed noncurrent liabilities    33,905  
Total noncurrent liabilities:315,059381,296484,023435,452464,383386,120
Total liabilities:436,484465,961615,827530,269548,000485,338
Equity
Equity, attributable to parent378,825446,221401,517457,492525,531508,191
Common stock272262235219204177
Treasury stock, value(1,852)(1,120)(848)(669)(91) 
Additional paid in capital466,669461,931451,179429,318415,372303,996
Accumulated other comprehensive income (loss)6,8478,0552,7901,548(16,788)(12,493)
Retained earnings (accumulated deficit)(93,111)(22,907)(51,839)27,076126,834216,511
Equity, attributable to noncontrolling interest32132031921,43229,40414,975
Total equity:379,146446,541401,836478,924554,935523,166
TOTAL LIABILITIES AND EQUITY:815,630912,5021,017,6631,009,1931,102,9351,008,504

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues217,325170,941141,837201,492253,609173,783
Cost of revenue(59,826)(63,480)(64,692)(80,170)(175,091)(278,595)
Cost of goods and services sold     (175,091) 
Other undisclosed gross profit(112,159)(63,926)(26,453)(43,555)  
Gross profit:45,34043,53550,69277,76778,518(104,812)
Operating expenses(212,896)(165,045)(131,196)(168,451)(239,379) 
Other undisclosed operating income (loss)113,55784,3628,86538,15894,098(23,547)
Operating income (loss):(53,999)(37,148)(71,639)(52,526)(66,763)(128,359)
Nonoperating income (expense)(16,079)43,775(26,468)(30,310)(25,221)11,336
Investment income, nonoperating 1,6935,5831,5164,08822,061
Gain (loss), foreign currency transaction, before tax1,659(1,235)(1,294)(1,661)(1,447)(1,709)
Interest and debt expense10,42961,994(30,691)(30,056)(638)(16,532)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(10,429)(61,994)30,69130,05663816,532
Income (loss) from continuing operations before equity method investments, income taxes:(70,078)6,627(98,107)(82,836)(91,984)(117,023)
Income (loss) from equity method investments7,01115,078(8,163)(14,304)(3,415)4,077
Income (loss) from continuing operations before income taxes:(63,067)21,705(106,270)(97,140)(95,399)(112,946)
Income tax expense (benefit)(8,582)(11,493)22,9247,91213,34774,406
Other undisclosed income (loss) from continuing operations 22,925166,692   
Income (loss) from continuing operations:(71,649)33,13783,346(89,228)(82,052)(38,540)
Income (loss) before gain (loss) on sale of properties:56,06283,710(98,695)(82,052)(38,540)
Income (loss) from discontinued operations  22,925364(9,467)  
Other undisclosed net income (loss) (22,925)(166,692)   
Net income (loss):(71,649)33,137(82,982)(98,695)(82,052)(38,540)
Net income (loss) attributable to noncontrolling interest (1)(1)4,0675,8584,4445,639
Net income (loss) available to common stockholders, diluted:(71,650)33,136(78,915)(92,837)(77,608)(32,901)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(71,649)33,137(82,982)(98,695)(82,052)(38,540)
Other comprehensive income (loss)(1,208)5,2651,24218,336(4,395)(881)
Comprehensive income (loss):(72,857)38,402(81,740)(80,359)(86,447)(39,421)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (1)(1)4,0675,8584,5445,364
Comprehensive income (loss), net of tax, attributable to parent:(72,858)38,401(77,673)(74,501)(81,903)(34,057)

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.

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