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v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 456,805 $ 434,183
Restricted cash 0 16,435
Marketable securities 31,632 58,004
Receivables:    
Trade, net of allowance for doubtful accounts of $3,017 and $3,162 in 2015 and 2014, respectively 175,968 225,242
Other Receivables 39,696 67,745
Inventories 23,274 22,783
Prepaid expenses and other 10,755 9,011
Total current assets 738,130 833,403
Property and Equipment:    
Property, Plant and Equipment, Gross 2,099,483 2,086,957
Accumulated depreciation 967,721 902,284
Property, Plant and Equipment, Other, Net in Service 1,131,762 1,184,673
Construction in progress 413,572 318,000
Net property and equipment 1,545,334 1,502,673
Investments, at Equity, and Advances to 50% or Less Owned Companies 490,818 484,157
Construction Reserve Funds & Title XI Reserve Funds 253,470 278,022
Goodwill 65,725 62,759
Intangible Assets, Net 27,179 32,727
Other Assets 58,152 51,292
Total assets 3,178,808 3,245,033
Current Liabilities:    
Current portion of long-term debt 35,452 48,499
Accounts payable and accrued expenses 64,997 103,760
Other current liabilities 123,501 119,694
Total current liabilities 223,950 271,953
Long-Term Debt 926,001 834,383
Deferred Income Taxes 408,546 432,546
Deferred Gains and Other Liabilities 170,850 188,664
Total liabilities 1,729,347 1,727,546
SEACOR Holdings Inc. stockholders’ equity:    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued nor outstanding 0 0
Common stock, $.01 par value, 60,000,000 shares authorized; 37,683,858 and 37,505,843 shares issued in 2015 and 2014, respectively 377 375
Additional paid-in capital 1,503,794 1,490,698
Retained earnings 1,183,485 1,195,402
Shares held in Treasury of 20,329,929 and 19,365,716 in 2015 and 2014, respectively, at cost 1,346,371 1,283,476
Accumulated Other Comprehensive Loss, Net of Tax (5,604) (3,505)
Stockholders' equity attributable to parent, total 1,335,681 1,399,494
Noncontrolling interests in subsidiaries 113,780 117,993
Total equity 1,449,461 1,517,487
Liabilities and stockholders' equity, total $ 3,178,808 $ 3,245,033
v3.3.0.814
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Operating Revenues $ 261,852 $ 338,936 $ 804,105 $ 977,177
Costs and Expenses [Abstract]        
Operating 175,985 237,676 582,876 688,558
Administrative and general 37,892 46,655 115,453 119,418
Depreciation and amortization 31,018 33,604 94,527 100,216
Total costs and expenses 244,895 317,935 792,856 908,192
Gains on Asset Dispositions and Impairments, Net 11,264 29,869 10,804 38,842
Operating Income 28,221 50,870 22,053 107,827
Other Income (Expense):        
Interest income 5,065 4,463 14,118 14,536
Interest expense 10,894 11,124 31,797 32,985
Debt extinguishment losses (434) 0 (29,970) 0
Marketable security gains (losses), net (4,604) 9,693 (3,476) 15,494
Derivative losses, net (725) (2,538) (2,295) (2,681)
Foreign currency gains, net (4,057) (3,059) (3,614) (1,538)
Other, net 1,773 111 6,162 6,669
Total Other Nonoperating Income (Expense) (13,876) (2,454) (50,872) (505)
Income (Loss) Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies 14,345 48,416 (28,819) 107,322
Income Tax Expense (Benefit) 3,063 15,610 (8,736) 34,985
Income (Loss) Before Equity in Earnings of 50% or Less Owned Companies 11,282 32,806 (20,083) 72,337
Equity in Earnings of 50% or Less Owned Companies, Net of Tax 5,123 972 10,086 2,681
Net Income (Loss) 16,405 33,778 (9,997) 75,018
Net Income Attributable to Noncontrolling Interest 9,440 6,315 1,920 14,979
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 6,965 $ 27,463 $ (11,917) $ 60,039
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ 0.40 $ 1.43 $ (0.68) $ 3.04
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ 0.40 $ 1.28 $ (0.68) $ 2.85
Weighted Average Common Shares Outstanding:        
Basic 17,294,927 19,196,121 17,616,035 19,761,620
Diluted 17,561,107 25,627,742 17,616,035 24,374,918
v3.3.0.814
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities $ 142,784 $ 165,711
Cash Flows from Investing Activities    
Purchases of property and equipment 227,244 311,094
Proceeds from disposition of property and equipment 95,396 187,907
Investments in and advances to 50% or less owned companies 45,520 58,343
Return of investments and advances from 50% or less owned companies 49,177 31,549
Issuances of third party leases and notes receivable, net (4,416) (8,173)
Net (increase) decrease in restricted cash (16,435) 1,481
Net (increase) decrease in construction reserve funds and title XI reserve funds (24,552) 59,539
Business acquisitions, net of cash acquired 0 35,000
Net cash used in investing activities (91,620) (254,174)
Cash Flows from Financing Activities    
Payments on long-term debt and capital lease obligations 156,632 18,969
Net repayments on inventory financing arrangements (2,661) (3,116)
Proceeds from issuance of long term debt, net of issue costs 197,585 11,464
Common stock acquired for treasury 65,214 127,151
Proceeds and tax benefits from share award plans 4,103 7,403
Issuance of noncontrolling interests, net of issue costs 400 145,350
Purchase of subsidiary shares from noncontrolling interests 0 2,090
Dividends paid to noncontrolling interests (4,717) (1,056)
Net cash provided by (used in) financing activities (27,136) 11,835
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,406) (1,175)
Net Increase (Decrease) in Cash and Cash Equivalents 22,622 (77,803)
Cash and Cash Equivalents, Beginning of Period 434,183 527,435
Cash and Cash Equivalents, End of Period $ 456,805 $ 449,632