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v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 449,632 $ 527,435
Restricted cash 13,656 12,175
Marketable securities 43,286 24,292
Receivables:    
Trade, net of allowance for doubtful accounts 215,191 215,768
Other Receivables 57,621 48,181
Inventories 20,896 27,615
Deferred income taxes 116 116
Prepaid expenses and other 11,431 6,701
Total current assets 811,829 862,283
Property and Equipment:    
Property, Plant and Equipment, Gross 2,166,509 2,199,183
Accumulated depreciation 889,993 866,330
Property, Plant and Equipment, Other, Net in Service 1,276,516 1,332,853
Construction in progress 284,362 143,482
Net property and equipment 1,560,878 1,476,335
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 444,826 440,853
Construction Reserve Funds & Title XI Reserve Funds 321,278 261,739
Goodwill 62,904 17,985
Intangible Assets, Net 34,306 12,423
Other Assets 55,049 44,615
Total assets 3,291,070 3,116,233
Current Liabilities:    
Current portion of long-term debt 50,785 45,323
Accounts payable and accrued expenses 90,704 85,477
Other current liabilities 139,999 123,619
Total current liabilities 281,488 254,419
Long-Term Debt 831,163 834,118
Deferred Income Taxes 459,039 457,827
Deferred Gains and Other Liabilities 185,950 144,441
Total liabilities 1,757,640 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 1,485,342 1,394,621
Retained earnings 1,155,309 1,095,270
Shares held in Treasury of 17,,314,425 and 16,837,113 in 2014 and 2013, respectively, at cost 1,213,267 1,088,219
Accumulated Other Comprehensive Income (Loss), Net of Tax (1,891) (1,192)
Stockholders' equity attributable to parent, total 1,425,868 1,400,852
Noncontrolling interests in subsidiaries 107,562 24,576
Total equity 1,533,430 1,425,428
Liabilities and stockholders' equity, total $ 3,291,070 $ 3,116,233
v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Operating Revenues $ 338,936 $ 336,784 $ 977,177 $ 919,411
Costs and Expenses [Abstract]        
Operating 237,676 239,540 688,558 680,566
Administrative and general 46,655 31,463 119,418 101,826
Depreciation and amortization 33,604 33,503 100,216 100,834
Total costs and expenses 317,935 304,506 908,192 883,226
Gain (Loss) on Sale of Assets and Asset Impairment Charges 29,869 19,230 38,842 33,550
Operating Income (Loss) 50,870 51,508 107,827 69,735
Other Income (Expense):        
Interest income 4,463 4,280 14,536 10,665
Interest expense 11,124 10,520 32,985 31,282
Marketable security gains, net 9,693 (1,149) 15,494 9,403
Derivative losses, net (2,538) (303) (2,681) (3,235)
Foreign currency losses, net (3,059) 2,230 (1,538) (2,697)
Other, net 111 477 6,669 675
Total Other Nonoperating Income (Expense) (2,454) (4,985) (505) (16,471)
Income from Continuing Operations Before Income Tax Expense and Equity in Earnings of 50% or Less Owned Companies 48,416 46,523 107,322 53,264
Income Tax Expense (Benefit) 15,610 15,984 34,985 21,306
Income from Continuing Operations Before Equity in Earnings of 50% or Less Owned Companies 32,806 30,539 72,337 31,958
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 972 230 2,681 7,071
Income from Continuing Operations 33,778 30,769 75,018 39,029
Income (Loss) from Discontinued Operations, Net of Tax 0 0 0 (10,325)
Net Income (Loss) 33,778 30,769 75,018 28,704
Net Income (Loss) Attributable to Noncontrolling Interest 6,315 478 14,979 130
Net Income (Loss) attributable to SEACOR Holdings Inc. 27,463 30,291 60,039 28,574
Net Income (Loss) attributable to SEACOR Holdings Inc.:        
Continuing operations 27,463 30,291 60,039 38,799
Discontinued operations, net of tax 0 0 0 (10,225)
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 27,463 $ 30,291 $ 60,039 $ 28,574
Basic Earnings Per Common Share of SEACOR Holdings Inc.        
Continuing operations $ 1.43 $ 1.52 $ 3.04 $ 1.96
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.52)
Earnings Per Share, Basic $ 1.43 $ 1.52 $ 3.04 $ 1.44
Diluted Earnings Per Common Share of SEACOR Holdings Inc.        
Continuing operations $ 1.28 $ 1.36 $ 2.85 $ 1.92
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ (0.51)
Earnings Per Share, Diluted $ 1.28 $ 1.36 $ 2.85 $ 1.41
Weighted Average Common Shares Outstanding:        
Basic 19,196,121 19,964,695 19,761,620 19,843,778
Diluted 25,627,742 24,601,584 24,374,918 20,198,449
v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities of Continuing Operations $ 165,711 $ 134,698
Cash Flows from Investing Activities of Continuing Operations:    
Purchases of property and equipment 311,094 146,483
Proceeds from disposition of property and equipment 187,907 205,735
Investments in and advances to 50% or less owned companies 58,343 91,492
Return of investments and advances from 50% or less owned companies 31,549 10,642
Principal payments on third party leases and notes receivable, net 8,173 (2,604)
Net (increase) decrease in restricted cash 1,481 (7,392)
Net (increase) decrease in construction reserve funds and title XI reserve funds 59,539 33,392
Business acquisitions, net of cash acquired 35,000 10,540
Net cash used in investing activities of continuing operations (254,174) (55,534)
Cash Flows from Financing Activities of Continuing Operations:    
Repayments of Debt and Capital Lease Obligations 18,969 13,129
Net borrowings (repayments) on inventory financing arrangements (3,116) 4,183
Proceeds from issuance of long term debt, net of offering costs 11,464 10
Common stock acquired for treasury 127,151 0
Cash Received (Paid) For Share Settlements from Spinoff Transactions 0 (357)
Proceeds and tax benefits from share award plans 7,403 17,195
Issuance of noncontrolling interests 145,350 40
Purchase of subsidiary shares from noncontrolling interests 2,090 0
Cash received from (dividends paid to) noncontrolling interests, net (1,056) (3,822)
Net cash provided by (used in) financing activities of continuing operations 11,835 4,120
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1,175) (643)
Net Increase (Decrease) in Cash and Cash Equivalents from Continuing Operations (77,803) 82,641
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 (77,803) 84,563
Cash and Cash Equivalents, Beginning of Period 527,435 248,204
Cash and Cash Equivalents, End of Period $ 449,632 $ 332,767