OII FY 2006 Earnings Report — Oceaneering International, Inc. Revenue & Financial Results | Market Cap Arena

Oceaneering International, Inc.OII

FY 2006 Earnings

Reported February 28, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.3B	—	—	—	—
Op. Income	$194M	—	—	—	—
Gross Margin	23.1%	—	—	—	—
Net Margin	9.7%	—	—	—	—
EPS (Diluted)	$1.13	—	—	—	—
Free Cash Flow	-$41M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$984M
GROSS PROFIT	$296M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$102M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$1.1B
OPERATING INCOME	$194M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$191M
Income Tax Expense	$66M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$80M
EBIT	$194M
EBITDA	$275M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$984M
GROSS PROFIT	$296M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$102M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$1.1B
OPERATING INCOME	$194M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$191M
Income Tax Expense	$66M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$80M
EBIT	$194M
EBITDA	$275M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$124M
Depreciation & Amortization	$80M
Stock-Based Compensation	$11M
Deferred Income Tax	-$14M
Other Non-Cash Items	$11M
Change in Working Capital	-$62M
OPERATING CASH FLOW	$151M
Capital Expenditure	-$192M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$187M
Net Debt Issuance	$20M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$36M
FREE CASH FLOW	-$41M
Net Change in Cash	-$80.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$315M
Inventory	$140M
Other Current Assets	$42M
TOTAL CURRENT ASSETS	$524M
PP&E (Net)	$524M
Goodwill	$87M
Intangible Assets	$0
Long-Term Investments	$64M
Tax Assets	-$64M
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$718M
TOTAL ASSETS	$1.2B
Account Payables	$71M
Short-Term Debt	$0
Deferred Revenue	$17M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$280M
Long-Term Debt	$194M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$259M
TOTAL LIABILITIES	$539M
Common Stock	$14M
Additional Paid-In Capital	$192M
Retained Earnings	$473M
Treasury Stock	$0
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$697M
Minority Interest	$7M
TOTAL EQUITY	$703M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$194M
Net Debt	$168M