SEACOR Marine Holdings Inc. (SMHI) financial statements (2022 and earlier)

Company profile

Business Address 12121 WICKCHESTER LANE
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
SIC 4412 - Deep Sea Foreign Transportation of Freight (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38338495110
Cash and cash equivalents38338495110
Restricted cash and investments    2
Receivables6389687658
Inventory, net of allowances, customer advances and progress billings11134
Inventory11134
Disposal group, including discontinued operation 50   
Other undisclosed current assets77643
Total current assets:109179159179177
Noncurrent Assets
Finance lease, right-of-use asset00 
Operating lease, right-of-use asset7717
Property, plant and equipment724754692770690
Long-term investments and receivables727512512292
Long-term investments727512512292
Restricted cash and investments    45
Other noncurrent assets23344
Other undisclosed noncurrent assets  1328 
Total noncurrent assets:804839851924831
TOTAL ASSETS:9131,0181,0091,1031,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2830261924
Accrued liabilities434 20
Employee-related liabilities42255
Taxes payable   24
Interest and dividends payable221  
Other undisclosed accounts payable and accrued liabilities19231912(5)
Deferred revenue245
Debt3232151723
Derivative instruments and hedges, liabilities253  
Due to related parties0 001
Disposal group, including discontinued operation 31   
Deferred revenue and credits10
Contract with customer, liability1
Other liabilities7452012
Other undisclosed current liabilities1425412629
Total current liabilities:85132958499
Noncurrent Liabilities
Long-term debt and lease obligation338445390388292
Long-term debt, excluding current maturities333441380388292
Finance lease, liability00 
Operating lease, liability5410
Liabilities, other than long-term debt4439117794
Deferred tax liabilities, net4556
Deferred income tax liabilities4136 
Other liabilities3362732
Derivative instruments and hedges, liabilities 0557
Other undisclosed noncurrent liabilities  34  
Total noncurrent liabilities:381484435464386
Total liabilities:466616530548485
Stockholders' equity
Stockholders' equity attributable to parent446402457526508
Common stock00000
Treasury stock, value(1)(1)(1)(0) 
Additional paid in capital462451429415304
Accumulated other comprehensive income (loss)832(17)(12)
Retained earnings (accumulated deficit)(23)(52)27127217
Stockholders' equity attributable to noncontrolling interest00212915
Total stockholders' equity:447402479555523
TOTAL LIABILITIES AND EQUITY:9131,0181,0091,1031,009

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues171142201254174
Cost of revenue(63)(65)(80)(175)(279)
Cost of goods and services sold   (175) 
Other undisclosed gross profit(64)(26)(44)  
Gross profit:44517879(105)
Operating expenses(165)(131)(168)(239) 
Other undisclosed operating income (loss)8493894(24)
Operating loss:(37)(72)(53)(67)(128)
Nonoperating income (expense)44(26)(30)(25)11
Investment income, nonoperating262422
Foreign currency transaction loss, before tax(1)(1)(2)(1)(2)
Interest and debt expense62(31)(30)(1)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(62)3130117
Income (loss) from continuing operations before equity method investments, income taxes:7(98)(83)(92)(117)
Income (loss) from equity method investments15(8)(14)(3)4
Income (loss) from continuing operations before income taxes:22(106)(97)(95)(113)
Income tax expense (benefit)(11)2381374
Other undisclosed income from continuing operations23167   
Income (loss) from continuing operations:3383(89)(82)(39)
Income (loss) from discontinued operations230(9)  
Income (loss) before gain (loss) on sale of properties:5684(99)(82)(39)
Other undisclosed net loss(23)(167)   
Net income (loss):33(83)(99)(82)(39)
Net income (loss) attributable to noncontrolling interest(0)4646
Net income (loss) available to common stockholders, diluted:33(79)(93)(78)(33)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):33(83)(99)(82)(39)
Other comprehensive income (loss)5118(4)(1)
Comprehensive income (loss):38(82)(80)(86)(39)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)4655
Comprehensive income (loss), net of tax, attributable to parent:38(78)(75)(82)(34)

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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