SEACOR Marine Holdings Inc. (SMHI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments338495110
Cash and cash equivalents338495110
Restricted cash and investments   2
Receivables89687658
Inventory, net of allowances, customer advances and progress billings1134
Inventory1134
Disposal group, including discontinued operation50   
Other undisclosed current assets7643
Total current assets:179159179177
Noncurrent Assets
Finance lease, right-of-use asset0 
Operating lease, right-of-use asset717
Property, plant and equipment754692770690
Long-term investments and receivables7512512292
Long-term investments7512512292
Restricted cash and investments   45
Other noncurrent assets3344
Other undisclosed noncurrent assets 1328 
Total noncurrent assets:839851924831
TOTAL ASSETS:1,0181,0091,1031,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:30261924
Accrued liabilities34 20
Employee-related liabilities2255
Taxes payable  24
Interest and dividends payable21  
Other undisclosed accounts payable and accrued liabilities231912(5)
Deferred revenue45
Debt32151723
Derivative instruments and hedges, liabilities53  
Due to related parties 001
Disposal group, including discontinued operation31   
Deferred revenue and credits10
Contract with customer, liability1
Other liabilities452012
Other undisclosed current liabilities25412629
Total current liabilities:132958499
Noncurrent Liabilities
Long-term debt and lease obligation445390388292
Long-term debt, excluding current maturities441380388292
Finance lease, liability0 
Operating lease, liability410
Liabilities, other than long-term debt39117794
Deferred tax liabilities, net4556
Deferred income tax liabilities36 
Other liabilities362732
Derivative instruments and hedges, liabilities0557
Other undisclosed noncurrent liabilities 34  
Total noncurrent liabilities:484435464386
Total liabilities:616530548485
Stockholders' equity
Stockholders' equity attributable to parent402457526508
Common stock0000
Treasury stock, value(1)(1)(0) 
Additional paid in capital451429415304
Accumulated other comprehensive income (loss)32(17)(12)
Retained earnings (accumulated deficit)(52)27127217
Stockholders' equity attributable to noncontrolling interest0212915
Total stockholders' equity:402479555523
TOTAL LIABILITIES AND EQUITY:1,0181,0091,1031,009

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues142201254174
Cost of revenue(65)(80)(175)(279)
Cost of goods and services sold  (175) 
Other undisclosed gross profit(26)(44)  
Gross profit:517879(105)
Operating expenses(131)(168)(239) 
Other undisclosed operating income (loss)93894(24)
Operating loss:(72)(53)(67)(128)
Nonoperating income (expense)(26)(30)(25)11
Investment income, nonoperating62422
Foreign currency transaction loss, before tax(1)(2)(1)(2)
Interest and debt expense(31)(30)(1)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes3130117
Loss from continuing operations before equity method investments, income taxes:(98)(83)(92)(117)
Income (loss) from equity method investments(8)(14)(3)4
Loss from continuing operations before income taxes:(106)(97)(95)(113)
Income tax benefit2381374
Other undisclosed income from continuing operations167   
Income (loss) from continuing operations:83(89)(82)(39)
Income (loss) from discontinued operations0(9)  
Income (loss) before gain (loss) on sale of properties:84(99)(82)(39)
Other undisclosed net loss(167)   
Net loss:(83)(99)(82)(39)
Net income attributable to noncontrolling interest4646
Net loss available to common stockholders, diluted:(79)(93)(78)(33)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(83)(99)(82)(39)
Other comprehensive income (loss)118(4)(1)
Comprehensive loss:(82)(80)(86)(39)
Comprehensive income, net of tax, attributable to noncontrolling interest4655
Comprehensive loss, net of tax, attributable to parent:(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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