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v3.2.0.727
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 433,827 $ 434,183
Restricted cash 0 16,435
Marketable securities 29,411 58,004
Receivables:    
Trade, net of allowance for doubtful accounts 181,733 225,242
Other Receivables 48,627 67,745
Inventories 19,736 22,783
Prepaid expenses and other 11,411 9,011
Total current assets 724,745 833,403
Property and Equipment:    
Property, Plant and Equipment, Gross 2,100,309 2,086,957
Accumulated depreciation 954,931 902,284
Property, Plant and Equipment, Other, Net in Service 1,145,378 1,184,673
Construction in progress 399,033 318,000
Net property and equipment 1,544,411 1,502,673
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 482,302 484,157
Construction Reserve Funds & Title XI Reserve Funds 275,131 278,022
Goodwill 62,686 62,759
Intangible Assets, Net 30,742 32,727
Other Assets 57,463 51,292
Total assets 3,177,480 3,245,033
Current Liabilities:    
Current portion of long-term debt 35,270 48,499
Accounts payable and accrued expenses 68,832 103,760
Other current liabilities 118,330 119,694
Total current liabilities 222,432 271,953
Long-Term Debt 889,323 834,383
Deferred Income Taxes 420,531 432,546
Other Liabilities, Noncurrent 172,018 188,664
Total liabilities 1,704,304 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; 37,660,827 and 37,505,843 shares issued in 2015 and 2014, respectively 377 375
Additional paid-in capital 1,499,904 1,490,698
Retained earnings 1,176,520 1,195,402
Shares held in Treasury of 19,419,459 and 19,365,716 in 2015 and 2014, respectively, at cost 1,305,104 1,283,476
Accumulated Other Comprehensive Loss, Net of Tax (3,172) (3,505)
Stockholders' equity attributable to parent, total 1,368,525 1,399,494
Noncontrolling interests in subsidiaries 104,651 117,993
Total equity 1,473,176 1,517,487
Liabilities and stockholders' equity, total $ 3,177,480 $ 3,245,033
v3.2.0.727
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Operating Revenues $ 281,609 $ 328,224 $ 542,253 $ 638,241
Costs and Expenses [Abstract]        
Operating 207,743 231,906 406,891 450,882
Administrative and general 38,674 34,686 77,561 72,763
Depreciation and amortization 32,079 33,220 63,509 66,612
Total costs and expenses 278,496 299,812 547,961 590,257
Gains (Losses) on Assets Dispositions and Impairments, Net 4,386 4,295 (460) 8,973
Operating Income (Loss) 7,499 32,707 (6,168) 56,957
Other Income (Expense):        
Interest income 4,474 6,030 9,053 10,073
Interest expense 10,391 10,458 20,903 21,861
Debt extinguishment losses (29,536) 0 (29,536) 0
Marketable security gains, net 10,249 731 1,128 5,801
Derivative gains (losses), net 1,426 94 (1,570) (143)
Foreign currency gains, net 2,436 1,720 443 1,521
Other, net 4,433 10,213 4,389 6,558
Total Other Nonoperating Income (Expense) (16,909) 8,330 (36,996) 1,949
Income (Loss) Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies (9,410) 41,037 (43,164) 58,906
Income Tax Expense (Benefit) 155 13,000 (11,799) 19,375
Income (Loss) Before Equity in Earnings (Losses) of 50% or Less Owned Companies (9,565) 28,037 (31,365) 39,531
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 1,064 (512) 4,963 1,709
Net Income (Loss) (8,501) 27,525 (26,402) 41,240
Net Loss Attributable to Noncontrolling Interest (9,188) 6,458 (7,520) 8,664
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 687 $ 21,067 $ (18,882) $ 32,576
Earnings Per Share, Basic $ 0.04 $ 1.05 $ (1.06) $ 1.62
Earnings Per Share, Diluted $ 0.04 $ 0.98 $ (1.06) $ 1.58
Weighted Average Common Shares Outstanding:        
Basic 17,780,759 19,989,402 17,779,250 20,049,056
Weighted Average Number of Shares Outstanding, Diluted 18,082,464 24,584,494 17,779,250 24,665,869
v3.2.0.727
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities $ 98,539 $ 107,866
Cash Flows from Investing Activities    
Purchases of property and equipment 132,128 273,669
Proceeds from disposition of property and equipment 22,686 78,039
Investments in and advances to 50% or less owned companies 28,605 21,464
Return of investments and advances from 50% or less owned companies 40,529 10,013
Issuances of third party leases and notes receivable, net (2,451) (6,377)
Net (increase) decrease in restricted cash (16,435) 2,171
Net (increase) decrease in construction reserve funds and title XI reserve funds (2,891) 63,117
Net cash used in investing activities (80,643) (278,746)
Cash Flows from Financing Activities    
Payments on long-term debt and capital lease obligations 128,001 7,226
Net repayments on inventory financing arrangements (2,661) (6,294)
Proceeds from issuance of long term debt, net of issue costs 136,585 6
Common stock acquired for treasury 22,889 39,221
Proceeds and tax benefits from share award plans 3,149 6,288
Issuance of noncontrolling interests, net of issue costs 400 145,116
Purchase of subsidiary shares from noncontrolling interests 0 2,090
Dividends paid to noncontrolling interests (4,713) (792)
Net cash provided by (used in) financing activities (18,130) 95,787
Effect of Exchange Rate Changes on Cash and Cash Equivalents (122) 1,073
Net Decrease in Cash and Cash Equivalents (356) (74,020)
Cash and Cash Equivalents, Beginning of Period 434,183 527,435
Cash and Cash Equivalents, End of Period $ 433,827 $ 453,415