OII FY 2012 Earnings Report — Oceaneering International, Inc. Revenue & Financial Results | Market Cap Arena

Oceaneering International, Inc.OII

FY 2012 Earnings

Reported February 21, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.2B	—	26.9%
Op. Income	$429M	—	$335M	—	28.0%
Gross Margin	22.6%	—	23.2%	—	-0.6pp
Net Margin	10.4%	—	10.7%	—	-0.4pp
EPS (Diluted)	$2.66	—	$2.16	—	23.1%
Free Cash Flow	$138M	—	$54M	—	158.3%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$628M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$199M
Other Expenses	$0
Operating Expenses	$199M
Cost & Expenses	$2.4B
OPERATING INCOME	$429M
Interest Income	$2M
Interest Expense	$4M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$422M
Income Tax Expense	$133M
Net Income from Continuing Ops	$289M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$289M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$289M
D&A	$176M
EBIT	$426M
EBITDA	$603M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$628M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$199M
Other Expenses	$0
Operating Expenses	$199M
Cost & Expenses	$2.4B
OPERATING INCOME	$429M
Interest Income	$2M
Interest Expense	$4M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$422M
Income Tax Expense	$133M
Net Income from Continuing Ops	$289M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$289M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$289M
D&A	$176M
EBIT	$426M
EBITDA	$603M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$289M
Depreciation & Amortization	$176M
Stock-Based Compensation	$16M
Deferred Income Tax	$21M
Other Non-Cash Items	$6M
Change in Working Capital	-$70M
OPERATING CASH FLOW	$439M
Capital Expenditure	-$301M
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$306M
Net Debt Issuance	-$27M
Common Stock Repurchased	-$19M
Common Dividends Paid	-$75M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$138M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$121M
Short-Term Investments	$0
Net Receivables	$667M
Inventory	$331M
Other Current Assets	$84M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$1.0B
Goodwill	$363M
Intangible Assets	$78M
Long-Term Investments	$43M
Tax Assets	-$484M
Other Non-Current Assets	$540M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.8B
Account Payables	$130M
Short-Term Debt	$0
Deferred Revenue	$73M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$617M
Long-Term Debt	$94M
Deferred Revenue NC	-$178M
Deferred Tax Liabilities	$178M
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$335M
TOTAL LIABILITIES	$953M
Common Stock	$28M
Additional Paid-In Capital	$213M
Retained Earnings	$1.6B
Treasury Stock	-$84M
Accum. Other Comp. Income	$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$94M
Net Debt	-$27M