OII FY 2014 Earnings Report — Oceaneering International, Inc. Revenue & Financial Results | Market Cap Arena

Oceaneering International, Inc.OII

FY 2014 Earnings

Reported February 19, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.3B	—	11.3%
Op. Income	$628M	—	$545M	—	15.3%
Gross Margin	23.5%	—	23.3%	—	0.2pp
Net Margin	11.7%	—	11.3%	—	0.4pp
EPS (Diluted)	$4.00	—	$3.42	—	17.0%
Free Cash Flow	$335M	—	$146M	—	128.8%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.8B
GROSS PROFIT	$859M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$231M
Other Expenses	-$387.0K
Operating Expenses	$231M
Cost & Expenses	$3.0B
OPERATING INCOME	$628M
Interest Income	$293.0K
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$623M
Income Tax Expense	$195M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$230M
EBIT	$628M
EBITDA	$858M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.8B
GROSS PROFIT	$859M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$231M
Other Expenses	-$387.0K
Operating Expenses	$231M
Cost & Expenses	$3.0B
OPERATING INCOME	$628M
Interest Income	$293.0K
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$623M
Income Tax Expense	$195M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$230M
EBIT	$628M
EBITDA	$858M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$428M
Depreciation & Amortization	$230M
Stock-Based Compensation	$20M
Deferred Income Tax	$71M
Other Non-Cash Items	-$1M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$722M
Capital Expenditure	-$387M
Acquisitions (Net)	-$40M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$419M
Net Debt Issuance	$742M
Common Stock Repurchased	-$590M
Common Dividends Paid	-$110M
Other Financing Activities	$4M
NET CASH FROM FINANCING	$45M
FREE CASH FLOW	$335M
Net Change in Cash	$339M

Balance Sheet

Item	Amount
Cash & Equivalents	$431M
Short-Term Investments	$0
Net Receivables	$778M
Inventory	$376M
Other Current Assets	$50M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$1.3B
Goodwill	$331M
Intangible Assets	$61M
Long-Term Investments	$33M
Tax Assets	-$425M
Other Non-Current Assets	$492M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.5B
Account Payables	$124M
Short-Term Debt	$0
Deferred Revenue	$117M
Other Current Liabilities	$65M
TOTAL CURRENT LIABILITIES	$679M
Long-Term Debt	$750M
Deferred Revenue NC	-$323M
Deferred Tax Liabilities	$323M
Other Non-Current Liabilities	$425M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.9B
Common Stock	$28M
Additional Paid-In Capital	$230M
Retained Earnings	$2.2B
Treasury Stock	-$657M
Accum. Other Comp. Income	-$183M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$750M
Net Debt	$319M