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v2.4.1.9
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 448,011us-gaap_CashAndCashEquivalentsAtCarryingValue $ 434,183us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 16,896us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 16,435us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Marketable securities 39,002us-gaap_MarketableSecuritiesCurrent 58,004us-gaap_MarketableSecuritiesCurrent
Receivables:    
Trade, net of allowance for doubtful accounts 186,583us-gaap_AccountsReceivableNetCurrent 225,242us-gaap_AccountsReceivableNetCurrent
Other Receivables 39,805us-gaap_OtherReceivablesNetCurrent 67,745us-gaap_OtherReceivablesNetCurrent
Inventories 23,156us-gaap_InventoryNet 22,783us-gaap_InventoryNet
Prepaid expenses and other 8,814us-gaap_PrepaidExpenseAndOtherAssetsCurrent 9,011us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 762,267us-gaap_AssetsCurrent 833,403us-gaap_AssetsCurrent
Property and Equipment:    
Property, Plant and Equipment, Gross 2,083,035us-gaap_PropertyPlantAndEquipmentGross 2,086,957us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation 918,769us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 902,284us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property, Plant and Equipment, Other, Net in Service 1,164,266us-gaap_PropertyPlantAndEquipmentOtherNet 1,184,673us-gaap_PropertyPlantAndEquipmentOtherNet
Construction in progress 339,390us-gaap_ConstructionInProgressGross 318,000us-gaap_ConstructionInProgressGross
Net property and equipment 1,503,656us-gaap_PropertyPlantAndEquipmentNet 1,502,673us-gaap_PropertyPlantAndEquipmentNet
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 483,748us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures 484,157us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Construction Reserve Funds & Title XI Reserve Funds 288,529us-gaap_OtherRestrictedAssetsNoncurrent 278,022us-gaap_OtherRestrictedAssetsNoncurrent
Goodwill 62,688us-gaap_Goodwill 62,759us-gaap_Goodwill
Intangible Assets, Net 31,955us-gaap_IntangibleAssetsNetExcludingGoodwill 32,727us-gaap_IntangibleAssetsNetExcludingGoodwill
Other Assets 47,169us-gaap_OtherAssetsNoncurrent 51,292us-gaap_OtherAssetsNoncurrent
Total assets 3,180,012us-gaap_Assets 3,245,033us-gaap_Assets
Current Liabilities:    
Current portion of long-term debt 44,953us-gaap_LongTermDebtCurrent 48,499us-gaap_LongTermDebtCurrent
Accounts payable and accrued expenses 72,738us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 103,760us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Other current liabilities 138,460us-gaap_OtherLiabilitiesCurrent 119,694us-gaap_OtherLiabilitiesCurrent
Total current liabilities 256,151us-gaap_LiabilitiesCurrent 271,953us-gaap_LiabilitiesCurrent
Long-Term Debt 834,686us-gaap_LongTermDebtNoncurrent 834,383us-gaap_LongTermDebtNoncurrent
Deferred Income Taxes 413,450us-gaap_DeferredTaxLiabilitiesNoncurrent 432,546us-gaap_DeferredTaxLiabilitiesNoncurrent
Other Liabilities, Noncurrent 178,293us-gaap_OtherLiabilitiesNoncurrent 188,664us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 1,682,580us-gaap_Liabilities 1,727,546us-gaap_Liabilities
SEACOR Holdings Inc. stockholders’ equity:    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued nor outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $.01 par value, 60,000,000 shares authorized; 37,660,827 and 37,505,843 shares issued in 2015 and 2014, respectively 377us-gaap_CommonStockValue 375us-gaap_CommonStockValue
Additional paid-in capital 1,495,261us-gaap_AdditionalPaidInCapital 1,490,698us-gaap_AdditionalPaidInCapital
Retained earnings 1,175,833us-gaap_RetainedEarningsAccumulatedDeficit 1,195,402us-gaap_RetainedEarningsAccumulatedDeficit
Shares held in Treasury of 19,419,459 and 19,365,716 in 2015 and 2014, respectively, at cost 1,287,460us-gaap_TreasuryStockValue 1,283,476us-gaap_TreasuryStockValue
Accumulated Other Comprehensive Loss, Net of Tax (5,837)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (3,505)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Stockholders' equity attributable to parent, total 1,378,174us-gaap_StockholdersEquity 1,399,494us-gaap_StockholdersEquity
Noncontrolling interests in subsidiaries 119,258us-gaap_MinorityInterest 117,993us-gaap_MinorityInterest
Total equity 1,497,432us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,517,487us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Liabilities and stockholders' equity, total $ 3,180,012us-gaap_LiabilitiesAndStockholdersEquity $ 3,245,033us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]    
Operating Revenues $ 260,644us-gaap_Revenues $ 310,017us-gaap_Revenues
Costs and Expenses [Abstract]    
Operating 199,148us-gaap_OperatingCostsAndExpenses 218,976us-gaap_OperatingCostsAndExpenses
Administrative and general 38,887us-gaap_GeneralAndAdministrativeExpense 38,077us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 31,430us-gaap_DepreciationDepletionAndAmortization 33,392us-gaap_DepreciationDepletionAndAmortization
Total costs and expenses 269,465us-gaap_CostsAndExpenses 290,445us-gaap_CostsAndExpenses
Gains (Losses) on Assets Dispositions and Impairments, Net (4,846)us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges 4,678us-gaap_GainLossOnSalesOfAssetsAndAssetImpairmentCharges
Operating Income (Loss) (13,667)us-gaap_OperatingIncomeLoss 24,250us-gaap_OperatingIncomeLoss
Other Income (Expense):    
Interest income 4,579us-gaap_InvestmentIncomeInterest 4,043us-gaap_InvestmentIncomeInterest
Interest expense 10,512us-gaap_InterestExpense 11,403us-gaap_InterestExpense
Marketable security gains (losses), net (9,121)us-gaap_MarketableSecuritiesGainLoss 5,070us-gaap_MarketableSecuritiesGainLoss
Derivative losses, net (2,996)us-gaap_GainLossOnDerivativeInstrumentsNetPretax (237)us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Foreign currency losses, net (1,993)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax (199)us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Other, net (44)us-gaap_OtherNonoperatingIncomeExpense (3,655)us-gaap_OtherNonoperatingIncomeExpense
Total Other Nonoperating Income (Expense) (20,087)us-gaap_NonoperatingIncomeExpense (6,381)us-gaap_NonoperatingIncomeExpense
Income (Loss) Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies (33,754)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 17,869us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income Tax Expense (Benefit) (11,954)us-gaap_IncomeTaxExpenseBenefit 6,375us-gaap_IncomeTaxExpenseBenefit
Income (Loss) Before Equity in Earnings of 50% or Less Owned Companies (21,800)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 11,494us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Equity in Earnings of 50% or Less Owned Companies, Net of Tax 3,899us-gaap_IncomeLossFromEquityMethodInvestments 2,221us-gaap_IncomeLossFromEquityMethodInvestments
Net Income (Loss) (17,901)us-gaap_ProfitLoss 13,715us-gaap_ProfitLoss
Net Income (Loss) Attributable to Noncontrolling Interest 1,668us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 2,206us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Income (Loss) attributable to SEACOR Holdings Inc. $ (19,569)us-gaap_NetIncomeLoss $ 11,509us-gaap_NetIncomeLoss
Earnings Per Share, Basic $ (1.10)us-gaap_EarningsPerShareBasic $ 0.57us-gaap_EarningsPerShareBasic
Earnings Per Share, Diluted $ (1.10)us-gaap_EarningsPerShareDiluted $ 0.56us-gaap_EarningsPerShareDiluted
Weighted Average Common Shares Outstanding:    
Basic 17,777,725us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 20,109,373us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted Average Number of Shares Outstanding, Diluted 17,777,725us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 20,546,112us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
v2.4.1.9
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities $ 71,117us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $ 62,231us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities    
Purchases of property and equipment 47,430us-gaap_PaymentsToAcquirePropertyPlantAndEquipment 219,129us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposition of property and equipment 7,228us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 17,619us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Investments in and advances to 50% or less owned companies 16,734us-gaap_PaymentsToAcquireEquityMethodInvestments 17,102us-gaap_PaymentsToAcquireEquityMethodInvestments
Return of investments and advances from 50% or less owned companies 16,953us-gaap_EquityMethodInvestmentDividendsOrDistributions 6,050us-gaap_EquityMethodInvestmentDividendsOrDistributions
Payments received on third party leases and notes receivable, net 3,965us-gaap_PaymentsForProceedsFromLoansAndLeases 1,293us-gaap_PaymentsForProceedsFromLoansAndLeases
Net increase in restricted cash 461us-gaap_IncreaseDecreaseInRestrictedCash 2,315us-gaap_IncreaseDecreaseInRestrictedCash
Net increase in construction reserve funds and title XI reserve funds 10,507us-gaap_PaymentsForProceedsFromOtherInvestingActivities 2,600us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (46,986)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (216,184)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities    
Payments on long-term debt and capital lease obligations 7,396us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations 2,161us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Net repayments on inventory financing arrangements (1,219)us-gaap_ProceedsFromRepaymentsOfOtherDebt (1,254)us-gaap_ProceedsFromRepaymentsOfOtherDebt
Proceeds from issuance of long term debt, 4,435us-gaap_ProceedsFromIssuanceOfLongTermDebt 3us-gaap_ProceedsFromIssuanceOfLongTermDebt
Common stock acquired for treasury 5,245us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds and tax benefits from share award plans 2,076us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 4,602us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid to noncontrolling interests (7)us-gaap_ProceedsFromPaymentsToMinorityShareholders (121)us-gaap_ProceedsFromPaymentsToMinorityShareholders
Net cash provided by (used in) financing activities (7,356)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 1,069us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of Exchange Rate Changes on Cash and Cash Equivalents (2,947)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 239us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net Increase (Decrease) in Cash and Cash Equivalents 13,828us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (152,645)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents, Beginning of Period 434,183us-gaap_CashAndCashEquivalentsAtCarryingValue 527,435us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents, End of Period $ 448,011us-gaap_CashAndCashEquivalentsAtCarryingValue $ 374,790us-gaap_CashAndCashEquivalentsAtCarryingValue