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v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 453,415 $ 527,435
Restricted cash 14,346 12,175
Marketable securities 33,275 24,292
Receivables:    
Trade, net of allowance for doubtful accounts 198,768 215,768
Other Receivables 50,571 48,181
Inventories 20,207 27,615
Deferred income taxes 116 116
Prepaid expenses and other 12,837 6,701
Total current assets 783,535 862,283
Property and Equipment:    
Property, Plant and Equipment, Gross 2,216,627 2,199,183
Accumulated depreciation 888,442 866,330
Property, Plant and Equipment, Net In Service 1,328,185 1,332,853
Construction in Progress, Gross 297,523 143,482
Net property and equipment 1,625,708 1,476,335
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 484,164 440,853
Construction Reserve Funds & Title XI Reserve Funds 324,856 261,739
Goodwill 18,012 17,985
Intangible Assets, Net 10,754 12,423
Other Assets 48,964 44,615
Total assets 3,295,993 3,116,233
Current Liabilities:    
Current portion of long-term debt 43,557 45,323
Accounts payable and accrued expenses 87,235 85,477
Other current liabilities 119,501 123,619
Total current liabilities 250,293 254,419
Long-Term Debt 830,303 834,118
Deferred Income Taxes 456,403 457,827
Deferred Gains and Other Liabilities 175,229 144,441
Total liabilities 1,712,228 1,690,805
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; 37,458,240 and 37,219,201 shares issued in 2014 and 2013, respectively 375 372
Additional paid-in capital 1,479,942 1,394,621
Retained earnings 1,127,846 1,095,270
Shares held in Treasury of 17,,314,425 and 16,837,113 in 2014 and 2013, respectively, at cost 1,126,322 1,088,219
Accumulated Other Comprehensive Income (Loss), Net of Tax 225 (1,192)
Stockholders' equity attributable to parent, total 1,482,066 1,400,852
Noncontrolling interests in subsidiaries 101,699 24,576
Total equity 1,583,765 1,425,428
Liabilities and stockholders' equity, total $ 3,295,993 $ 3,116,233
v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Document Period End Date     Jun. 30, 2014  
Operating Revenues $ 328,224 $ 315,563 $ 638,241 $ 582,627
Costs and Expenses [Abstract]        
Operating 231,906 240,113 450,882 441,026
Administrative and general 34,686 34,718 72,763 70,363
Depreciation and amortization 33,220 33,783 66,612 67,331
Total costs and expenses 299,812 308,614 590,257 578,720
Gain (Loss) on Sale of Assets and Asset Impairment Charges 4,295 12,305 8,973 14,320
Operating Income (Loss) 32,707 19,254 56,957 18,227
Other Income (Expense):        
Interest income 6,030 3,218 10,073 6,385
Interest expense 10,458 7,922 21,861 20,762
Marketable security gains, net 731 6,557 5,801 10,552
Derivative losses, net 94 (825) (143) (2,932)
Foreign currency losses, net 1,720 (916) 1,521 (4,927)
Other, net 10,213 195 6,558 198
Total Other Nonoperating Income (Expense) 8,330 307 1,949 (11,486)
Income from Continuing Operations Before Income Tax Expense and Equity in Earnings of 50% or Less Owned Companies 41,037 19,561 58,906 6,741
Income Tax Expense (Benefit) 13,000 7,975 19,375 5,322
Income from Continuing Operations Before Equity in Earnings of 50% or Less Owned Companies 28,037 11,586 39,531 1,419
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax (512) 7,710 1,709 6,841
Income from Continuing Operations 27,525 19,296 41,240 8,260
Income (Loss) from Discontinued Operations, Net of Tax 0 0 0 (10,325)
Net Income (Loss) 27,525 19,296 41,240 (2,065)
Net Income (Loss) Attributable to Noncontrolling Interest 6,458 25 8,664 (348)
Net Income (Loss) attributable to SEACOR Holdings Inc. 21,067 19,271 32,576 (1,717)
Net Income (Loss) attributable to SEACOR Holdings Inc.:        
Continuing operations 21,067 19,271 32,576 8,508
Discontinued operations, net of tax 0 0 0 (10,225)
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 21,067 $ 19,271 $ 32,576 $ (1,717)
Basic Earnings Per Common Share of SEACOR Holdings Inc.        
Continuing operations $ 1.05 $ 0.97 $ 1.62 $ 0.43
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.52)
Earnings Per Share, Basic $ 1.05 $ 0.97 $ 1.62 $ (0.09)
Diluted Earnings Per Common Share of SEACOR Holdings Inc.        
Continuing operations $ 0.98 $ 0.91 $ 1.58 $ 0.42
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.51)
Earnings Per Share, Diluted $ 0.98 $ 0.91 $ 1.58 $ (0.09)
Weighted Average Common Shares Outstanding:        
Basic 19,989,402 19,825,229 20,049,056 19,782,318
Weighted Average Number of Shares Outstanding, Diluted 24,584,494 24,392,312 24,665,869 20,114,904
v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities of Continuing Operations $ 107,866 $ 78,235
Cash Flows from Investing Activities of Continuing Operations:    
Purchases of property and equipment 273,669 87,931
Proceeds from disposition of property and equipment 78,039 125,432
Investments in and advances to 50% or less owned companies 21,464 26,822
Return of investments and advances from 50% or less owned companies 10,013 8,315
Principal payments on third party leases and notes receivable, net 6,377 (6,240)
Net (increase) decrease in restricted cash 2,171 (11,509)
Net (increase) decrease in construction reserve funds and title XI reserve funds 63,117 (45,254)
Business acquisitions, net of cash acquired 0 10,540
Net cash used in investing activities of continuing operations (278,746) 71,457
Cash Flows from Financing Activities of Continuing Operations:    
Repayments of Debt and Capital Lease Obligations 7,226 10,027
Net borrowings (repayments) on inventory financing arrangements 6,294 (2,365)
Proceeds from issuance of long term debt, net of offering costs 6 6
Common stock acquired for treasury 39,221 0
Cash Received (Paid) For Share Settlements from Spinoff Transactions 0 (357)
Proceeds and tax benefits from share award plans 6,288 8,779
Issuance of noncontrolling interests 145,116 40
Purchase of subsidiary shares from noncontrolling interests 2,090 0
Cash received from (dividends paid to) noncontrolling interests, net (792) (3,276)
Net cash provided by (used in) financing activities of continuing operations 95,787 (2,470)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,073 (2,565)
Net Increase (Decrease) in Cash and Cash Equivalents from Continuing Operations (74,020) 144,657
Cash Flows from Discontinued Operations:    
Operating Activities 0 24,298
Investing Activities 0 (8,502)
Financing Activities 0 (14,017)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 0 143
Net Increase in Cash and Cash Equivalents from Discontinued Operations 0 1,922
Net Increase (Decrease) in Cash and Cash Equivalents (74,020) 146,579
Cash and Cash Equivalents, Beginning of Period 527,435 248,204
Cash and Cash Equivalents, End of Period $ 453,415