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v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 552,840 $ 530,009
Restricted cash 1,742 0
Marketable securities 87,701 138,200
Receivables:    
Trade, net of allowance for doubtful accounts of $2,728 and $2,483 in 2016 and 2015, respectively 125,987 159,076
Other Receivables 34,319 27,217
Inventories 16,798 24,768
Prepaid expenses and other 10,157 8,627
Total current assets 829,544 887,897
Property and Equipment:    
Property, Plant and Equipment, Gross 2,158,826 2,123,201
Accumulated depreciation 997,214 994,181
Property, Plant and Equipment, Other, Net in Service 1,161,612 1,129,020
Construction in progress 402,090 454,605
Net property and equipment 1,563,702 1,583,625
Investments, at Equity, and Advances to 50% or Less Owned Companies 325,386 331,103
Construction Reserve Funds 166,888 255,408
Goodwill 52,394 52,340
Intangible Assets, Net 24,116 26,392
Other Assets 39,287 48,654
Total assets 3,001,317 3,185,419
Current Liabilities:    
Current portion of long-term debt 24,409 35,531
Accounts payable and accrued expenses 55,971 71,952
Other current liabilities 98,706 92,677
Total current liabilities 179,086 200,160
Long-Term Debt 1,014,632 1,034,859
Exchange Option Liability on Subsidiary Convertible Senior Notes 8,171 5,611
Deferred Income Taxes 330,375 389,988
Deferred Gains and Other Liabilities 155,859 163,862
Total liabilities 1,688,123 1,794,480
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; 37,873,330 and 37,684,829 shares issued in 2016 and 2015, respectively 379 377
Additional paid-in capital 1,510,623 1,505,942
Retained earnings 1,044,275 1,126,620
Shares held in Treasury of 20,551,856 and 20,529,929 in 2016 and 2015, respectively, at cost 1,357,876 1,356,499
Accumulated Other Comprehensive Loss, Net of Tax (10,810) (5,620)
Stockholders' equity attributable to parent, total 1,186,591 1,270,820
Noncontrolling interests in subsidiaries 126,603 120,119
Total equity 1,313,194 1,390,939
Liabilities and stockholders' equity, total $ 3,001,317 $ 3,185,419
v3.5.0.2
Condensed Consolidated Statements Of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Operating Revenues $ 197,038,000 $ 281,609,000 $ 410,966,000 $ 542,253,000
Costs and Expenses [Abstract]        
Operating 143,882,000 207,743,000 301,350,000 406,891,000
Administrative and general 34,175,000 38,674,000 69,879,000 77,561,000
Depreciation and amortization 31,361,000 32,079,000 62,350,000 63,509,000
Total costs and expenses 209,418,000 278,496,000 433,579,000 547,961,000
Gains (Losses) on Asset Dispositions and Impairments, Net (17,771,000) 4,386,000 (17,554,000) (460,000)
Operating Income (Loss) (30,151,000) 7,499,000 (40,167,000) (6,168,000)
Other Income (Expense):        
Interest income 5,020,000 4,474,000 10,613,000 9,053,000
Interest expense 12,834,000 10,391,000 24,769,000 20,903,000
Debt extinguishment gains (losses), net 1,615,000 (29,536,000) 4,838,000 (29,536,000)
Marketable security gains (losses), net (23,951,000) 10,249,000 (49,047,000) 1,128,000
Derivative gains (losses), net (1,555,000) 1,426,000 1,065,000 (1,570,000)
Foreign currency gains (losses), net (22,000) 2,436,000 15,000 443,000
Other, net (7,652,000) 4,433,000 (7,384,000) 4,389,000
Total Other Nonoperating Income (Expense) (39,379,000) (16,909,000) (64,669,000) (36,996,000)
Loss Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies (69,530,000) (9,410,000) (104,836,000) (43,164,000)
Income Tax Expense (Benefit) (25,759,000) 155,000 (40,590,000) (11,799,000)
Loss Before Equity in Earnings (Losses) of 50% or Less Owned Companies (43,771,000) (9,565,000) (64,246,000) (31,365,000)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax (7,162,000) 1,064,000 (7,211,000) 4,963,000
Net Loss (50,933,000) (8,501,000) (71,457,000) (26,402,000)
Net Income Attributable to Noncontrolling Interests in Subsidiaries 4,226,000 (9,188,000) 10,888,000 (7,520,000)
Net Income (Loss) attributable to SEACOR Holdings Inc. $ (55,159,000) $ 687,000 $ (82,345,000) $ (18,882,000)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ (3.26) $ 0.04 $ (4.88) $ (1.06)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ (3.26) $ 0.04 $ (4.88) $ (1.06)
Weighted Average Common Shares Outstanding:        
Basic 16,928,722 17,780,759 16,873,045 17,779,250
Diluted 16,928,722 18,082,464 16,873,045 17,779,250
v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities $ 46,801 $ 98,539
Cash Flows from Investing Activities    
Purchases of property and equipment 204,074 132,128
Proceeds from disposition of property and equipment 145,159 22,686
Investments in and advances to 50% or less owned companies 10,458 26,845
Return of investments and advances from 50% or less owned companies 7,559 38,527
Net borrowings on revolving credit line to 50% or less owned companies (1,099) 242
(Issuances of) payments received on third party leases and notes receivable, net 2,088 (2,451)
Net (increase) decrease in restricted cash 1,742 (16,435)
Net decrease in construction reserve funds (88,520) (2,891)
Net cash provided by (used in) investing activities 25,953 (80,643)
Cash Flows from Financing Activities    
Payments on long-term debt and capital lease obligations 115,839 128,001
Net repayments on inventory financing arrangements 0 (2,661)
Proceeds from issuance of long term debt, net of issue costs 76,842 136,585
Purchase of conversion option in convertible debt 4,990 0
Common stock acquired for treasury 2,396 22,889
Proceeds and tax benefits from share award plans 1,249 3,149
Issuance of noncontrolling interests, net of issue costs 0 400
Distributions to noncontrolling interests (3,701) (4,713)
Net cash used in financing activities (48,835) (18,130)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,088) (122)
Net Increase (Decrease) in Cash and Cash Equivalents 22,831 (356)
Cash and Cash Equivalents, Beginning of Period 530,009 434,183
Cash and Cash Equivalents, End of Period $ 552,840 $ 433,827