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Financials

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 272,522 $ 239,246
Restricted cash 2,982 2,982
Marketable securities 38,963 42,761
Receivables:    
Trade, net of allowance for doubtful accounts of $2,752 and $2,390 in 2018 and 2017, respectively 111,083 110,465
Other Receivables 41,061 33,870
Inventories 3,821 4,377
Prepaid expenses and other 4,572 6,594
Total current assets 475,004 440,295
Property and Equipment:    
Property, Plant and Equipment, Gross 1,354,989 1,351,741
Accumulated depreciation 510,418 502,544
Property, Plant and Equipment, Other, Net in Service 844,571 849,197
Construction in progress 15,528 28,728
Net property and equipment 860,099 877,925
Investments, at Equity, and Advances to 50% or Less Owned Companies 170,305 173,441
Construction Reserve Funds 36,790 51,339
Goodwill 32,807 32,761
Intangible Assets, Net 28,072 28,106
Other Assets 9,396 9,469
Total assets 1,612,473 1,613,336
Current Liabilities:    
Current portion of long-term debt 77,634 77,842
Accounts payable and accrued expenses 40,844 44,013
Other current liabilities 59,651 57,330
Total current liabilities 178,129 179,185
Long-Term Debt 495,863 501,505
Deferred Income Taxes 102,084 101,422
Deferred Gains and Other Liabilities 74,923 77,863
Total liabilities 850,999 859,975
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; 38,855,188 and 38,656,505 shares issued in 2018 and 2017, respectively 389 387
Additional paid-in capital 1,576,657 1,573,013
Retained earnings 417,302 419,128
Shares held in treasury of 20,689,761 and 20,716,878 in 2018 and 2017, respectively, at cost 1,367,433 1,368,300
Accumulated other comprehensive (income) loss, net of tax 96 (545)
Stockholders' equity attributable to parent, total 627,011 623,683
Noncontrolling interests in subsidiaries 134,463 129,678
Total equity 761,474 753,361
Liabilities and stockholders' equity, total $ 1,612,473 $ 1,613,336
v3.8.0.1
Condensed Consolidated Statements Of Income (Loss) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Operating Revenues $ 184,824,000 $ 136,319,000
Costs and Expenses [Abstract]    
Operating 131,777,000 93,117,000
Administrative and general 25,795,000 22,878,000
Depreciation and amortization 19,609,000 16,719,000
Total costs and expenses 177,181,000 132,714,000
Gains (Losses) on Asset Dispositions and Impairments, Net 7,045,000 (188,000)
Operating Income 14,688,000 3,417,000
Other Income (Expense):    
Interest income 1,856,000 2,134,000
Interest expense 8,563,000 10,304,000
Debt extinguishment losses, net (42,000) 0
Marketable security gains (losses), net (3,798,000) 20,836,000
Derivative gains, net 0 2,830,000
Foreign currency gains, net 1,690,000 1,399,000
Other, net 283,000 (420,000)
Total Other Nonoperating Income (Expense) (8,574,000) 16,475,000
Income (Loss) from Continuing Operations Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies 6,114,000 19,892,000
Income Tax Expense (Benefit) (281,000) 3,896,000
Income (Loss) from Continuing Operations Before Equity in Earnings (Losses) of 50% or Less Owned Companies 6,395,000 15,996,000
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax (837,000) 108,000
Income from Continuing Operations 5,558,000 16,104,000
Loss from Discontinued Operations, Net of Tax 0 (5,448,000)
Net Income 5,558,000 10,656,000
Net Income Attributable to Noncontrolling Interests in Subsidiaries 4,917,000 6,573,000
Net Income attributable to SEACOR Holdings Inc. $ 641,000 $ 4,083,000
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:    
Continuing operations $ 0.04 $ 0.57
Discontinued operations 0.00 (0.33)
Basic Earnings Per Common Share of SEACOR Holdings Inc. 0.04 0.24
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:    
Continuing operations 0.04 0.56
Discontinued operations 0.00 (0.32)
Diluted Earnings Per Common Share of SEACOR Holdings Inc. $ 0.04 $ 0.24
Weighted Average Common Shares Outstanding:    
Basic 17,969,970 17,074,043
Diluted 18,178,518 17,363,839
v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities of Continuing Operations $ 12,907 $ 34,708
Cash Flows from Investing Activities from Continuing Operations    
Purchases of property and equipment 9,542 66,810
Proceeds from disposition of property and equipment 15,852 40
Investments in and advances to 50% or less owned companies 900 6,034
Return of investments and advances from 50% or less owned companies 4,772 2
(Issuances of) payments received on third party leases and notes receivable, net 150 (709)
Decrease in construction reserve funds 14,549 11,275
Business acquisitions, net of cash acquired (79) 0
Net cash provided by (used in) investing activities of continuing operations 24,960 (62,236)
Cash Flows from Financing Activities of Continuing Operations    
Payments on long-term debt and capital lease obligations 8,071 14,892
Proceeds from issuance of long term debt, net of issue costs 0 14,000
Common stock acquired for treasury 0 7,569
Proceeds and tax benefits from share award plans 3,595 6,340
Distributions to noncontrolling interests (132) 0
Net cash used in financing activities of continuing operations (4,608) (2,121)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 17 401
Net Decrease in Cash, Cash Equivalents and Restricted Cash from Continuing Operations 33,276 (29,248)
Cash Flows from Discontinued Operations:    
Operating Activities 0 (20,407)
Investing Activities 0 (1,552)
Financing Activities 0 2,217
Effects of Exchange Rate Changes on Cash and Cash Equivalents 0 (98)
Net Decrease in Cash and Cash Equivalents from Discontinued Operations 0 (19,840)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 33,276 (49,088)
Cash, Cash Equivalents and Restricted Cash 275,504 209,799
Restricted Cash, End of Period   2,254
Cash and Cash Equivalents, End of Period $ 272,522 $ 207,545