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Financials

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 418,903 $ 399,644
Restricted cash 4,065 3,711
Marketable securities 98,189 116,276
Receivables:    
Trade, net of allowance for doubtful accounts of $9,935 and $8,347 in 2017 and 2016, respectively 131,292 162,880
Other Receivables 65,227 56,287
Inventories 19,385 16,773
Prepaid expenses and other 8,998 7,230
Total current assets 746,059 762,801
Property and Equipment:    
Property, Plant and Equipment, Gross 2,482,651 2,194,023
Accumulated depreciation 1,020,009 1,008,867
Property, Plant and Equipment, Other, Net in Service 1,462,642 1,185,156
Construction in progress 224,809 370,512
Net property and equipment 1,687,451 1,555,668
Investments, at Equity, and Advances to 50% or Less Owned Companies 297,162 313,772
Construction Reserve Funds 147,955 153,962
Goodwill 32,787 32,758
Intangible Assets, Net 19,519 20,078
Other Assets 24,045 23,282
Total assets 2,954,978 2,862,321
Current Liabilities:    
Current portion of long-term debt 364,583 183,602
Accounts payable and accrued expenses 66,749 90,702
Other current liabilities 103,088 95,645
Total current liabilities 534,420 369,949
Long-Term Debt 733,214 848,771
Exchange Option Liability on Subsidiary Convertible Senior Notes 16,809 19,436
Deferred Income Taxes 311,949 288,601
Deferred Gains and Other Liabilities 131,717 139,296
Total liabilities 1,728,109 1,666,053
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; 38,039,909 and 37,939,032 shares issued in 2017 and 2016, respectively 380 379
Additional paid-in capital 1,527,460 1,518,635
Retained earnings 914,806 910,723
Shares held in treasury of 20,634,001 and 20,538,327 in 2017 and 2016, respectively, at cost 1,364,172 1,357,331
Accumulated other comprehensive loss, net of tax (11,024) (11,514)
Stockholders' equity attributable to parent, total 1,067,450 1,060,892
Noncontrolling interests in subsidiaries 159,419 135,376
Total equity 1,226,869 1,196,268
Liabilities and stockholders' equity, total $ 2,954,978 $ 2,862,321
v3.7.0.1
Condensed Consolidated Statements Of Income (Loss) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Operating Revenues $ 190,447,000 $ 213,928,000
Costs and Expenses [Abstract]    
Operating 143,964,000 157,468,000
Administrative and general 35,427,000 35,704,000
Depreciation and amortization 30,397,000 30,989,000
Total costs and expenses 209,788,000 224,161,000
Gains on Asset Dispositions and Impairments, Net 4,631,000 217,000
Operating Loss (14,710,000) (10,016,000)
Other Income (Expense):    
Interest income 2,813,000 5,593,000
Interest expense 13,474,000 11,935,000
Debt extinguishment gains, net 0 3,223,000
Marketable security gains (losses), net 32,574,000 (25,096,000)
Derivative gains, net 3,075,000 2,620,000
Foreign currency gains, net 1,210,000 37,000
Other, net 194,000 268,000
Total Other Nonoperating Income (Expense) 26,392,000 (25,290,000)
Income (Loss) Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies 11,682,000 (35,306,000)
Income Tax Expense (Benefit) 1,572,000 (14,831,000)
Income (Loss) Before Equity in Earnings (Losses) of 50% or Less Owned Companies 10,110,000 (20,475,000)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 546,000 (49,000)
Net Income (Loss) 10,656,000 (20,524,000)
Net Income Attributable to Noncontrolling Interests in Subsidiaries 6,573,000 6,662,000
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 4,083,000 $ (27,186,000)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ 0.24 $ (1.62)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ 0.24 $ (1.62)
Weighted Average Common Shares Outstanding:    
Basic 17,074,043 16,817,368
Diluted 17,363,839 16,817,368
v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities $ 82,653 $ 42,446
Cash Flows from Investing Activities    
Purchases of property and equipment 77,617 47,436
Cash settlements on derivative transactions, net 324 0
Proceeds from disposition of property and equipment 8,337 246
Investments in and advances to 50% or less owned companies 8,428 7,953
Return of investments and advances from 50% or less owned companies 7,352 1,136
Net repayments on revolving credit line to 50% or less owned companies 0 3,394
Cash assumed on consolidation of 50% or less owned companies 1,943 0
(Issuances of) payments received on third party leases and notes receivable, net (709) 2,023
Net increase in restricted cash 354 0
Net decrease in construction reserve funds (6,007) (58)
Net cash used in investing activities (63,793) (48,532)
Cash Flows from Financing Activities    
Payments on long-term debt and capital lease obligations 16,065 32,647
Proceeds from issuance of long term debt, net of issue costs 17,390 12,373
Purchase of conversion option in convertible debt 0 1,382
Common stock acquired for treasury 7,569 2,396
Proceeds and tax benefits from share award plans 6,340 442
Distributions to noncontrolling interests 0 (3,698)
Net cash provided by (used in) financing activities 96 (27,308)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 303 (142)
Net Increase (Decrease) in Cash and Cash Equivalents 19,259 (33,536)
Cash and Cash Equivalents, Beginning of Period 399,644 530,009
Cash and Cash Equivalents, End of Period $ 418,903 $ 496,473