OII FY 2013 Earnings Report — Oceaneering International, Inc. Revenue & Financial Results | Market Cap Arena

Oceaneering International, Inc.OII

FY 2013 Earnings

Reported February 20, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$3.3B	—	$2.8B	—	18.1%
Op. Income	$545M	—	$429M	—	27.2%
Gross Margin	23.3%	—	22.6%	—	0.7pp
Net Margin	11.3%	—	10.4%	—	0.9pp
EPS (Diluted)	$3.42	—	$2.66	—	28.6%
Free Cash Flow	$146M	—	$138M	—	5.8%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.5B
GROSS PROFIT	$766M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$220M
Other Expenses	-$1M
Operating Expenses	$220M
Cost & Expenses	$2.7B
OPERATING INCOME	$545M
Interest Income	$554.0K
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$542M
Income Tax Expense	$171M
Net Income from Continuing Ops	$372M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$372M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$372M
D&A	$202M
EBIT	$545M
EBITDA	$747M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.5B
GROSS PROFIT	$766M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$220M
Other Expenses	-$1M
Operating Expenses	$220M
Cost & Expenses	$2.7B
OPERATING INCOME	$545M
Interest Income	$554.0K
Interest Expense	$2M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$542M
Income Tax Expense	$171M
Net Income from Continuing Ops	$372M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$372M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$372M
D&A	$202M
EBIT	$545M
EBITDA	$747M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$372M
Depreciation & Amortization	$202M
Stock-Based Compensation	$19M
Deferred Income Tax	$52M
Other Non-Cash Items	$1M
Change in Working Capital	-$117M
OPERATING CASH FLOW	$529M
Capital Expenditure	-$383M
Acquisitions (Net)	-$11M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$378M
Net Debt Issuance	-$94M
Common Stock Repurchased	$0
Common Dividends Paid	-$91M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$180M
FREE CASH FLOW	$146M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$91M
Short-Term Investments	$0
Net Receivables	$769M
Inventory	$442M
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$1.2B
Goodwill	$344M
Intangible Assets	$69M
Long-Term Investments	$37M
Tax Assets	-$450M
Other Non-Current Assets	$506M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.1B
Account Payables	$130M
Short-Term Debt	$0
Deferred Revenue	$150M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$727M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$261M
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$358M
TOTAL LIABILITIES	$1.1B
Common Stock	$28M
Additional Paid-In Capital	$222M
Retained Earnings	$1.9B
Treasury Stock	-$76M
Accum. Other Comp. Income	-$53M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$0
Net Debt	-$91M