Q4 2018 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$110M+5.5% YoY

Gross Profit

$14M13.1% margin

Operating Income

-$70M-63.6% margin

Net Income

-$91M-82.1% margin

EPS (Diluted)

$-2.83

QoQ Revenue Growth

+11.1%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$31M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$683M

Stockholders' Equity

$1.1B

Cash & Equivalents

$372M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$110M	$104M	+5.5%
Gross Profit	$14M	$0	—
Operating Income	-$70M	$0	—
Net Income	-$91M	-$24M	-283.9%

Revenue Segments

Worldwide Fleet

$109M44%

Worldwide Fleet Deepwater Vessels

$65M26%

Worldwide Fleet Towing Supply And Supply

$37M15%

Europe And Mediterranean Sea Fleet Deepwater

$20M8%

Middle East And Asia Pacific Fleet Towing Supply And Supply

$11M4%

Worldwide Fleet Other

$6M3%

Europe And Mediterranean Sea Fleet Towing Supply And Supply

$843,0000%

Geographic Segments

Americas Segment

$32M62%

Middle East And Asia Pacific Segment

$19M38%