Q3 2018 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$99M-10.3% YoY

Gross Profit

$19M19.0% margin

Operating Income

-$25M-25.3% margin

Net Income

-$31M-31.1% margin

EPS (Diluted)

$-1.16

QoQ Revenue Growth

-6.1%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$2M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$647M

Stockholders' Equity

$943M

Cash & Equivalents

$461M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$99M	$111M	-10.3%
Gross Profit	$19M	$0	—
Operating Income	-$25M	$0	—
Net Income	-$31M	-$1.1B	+97.3%

Revenue Segments

Worldwide Fleet

$97M31%

Vessel

$97M31%

Worldwide Fleet Deepwater Vessels

$54M17%

Worldwide Fleet Towing Supply And Supply

$37M12%

Middle East And Asia Pacific Fleet Towing Supply And Supply

$12M4%

Europe And Mediterranean Sea Fleet Deepwater

$12M4%

Worldwide Fleet Other

$6M2%

Product And Service Other

$2M1%

Europe And Mediterranean Sea Fleet Towing Supply And Supply

$923,0000%

Geographic Segments

ANGOLA

$15M100%