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v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 317,389 $ 239,246
Restricted cash 2,989 2,982
Marketable securities 39,745 42,761
Receivables:    
Trade, net of allowance for doubtful accounts of $2,637 and $2,390 in 2018 and 2017, respectively 142,474 110,465
Other Receivables 41,960 33,870
Inventories 4,690 4,377
Prepaid expenses and other 5,940 6,594
Total current assets 555,187 440,295
Property and Equipment:    
Property, Plant and Equipment, Gross 1,388,468 1,351,741
Accumulated depreciation 527,814 502,544
Property, Plant and Equipment, Other, Net in Service 860,654 849,197
Construction in progress 5,046 28,728
Net property and equipment 865,700 877,925
Investments, at Equity, and Advances to 50% or Less Owned Companies 150,158 173,441
Construction Reserve Funds 16,142 51,339
Goodwill 32,774 32,761
Intangible Assets, Net 26,898 28,106
Other Assets 9,065 9,469
Total assets 1,655,924 1,613,336
Current Liabilities:    
Current portion of long-term debt 8,925 77,842
Accounts payable and accrued expenses 61,732 44,013
Other current liabilities 68,102 57,330
Total current liabilities 138,759 179,185
Long-Term Debt 530,909 501,505
Deferred Income Taxes 97,767 101,422
Deferred Gains and Other Liabilities 70,653 77,863
Total liabilities 838,088 859,975
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; 38,913,417 and 38,656,505 shares issued in 2018 and 2017, respectively 389 387
Additional paid-in capital 1,592,375 1,573,013
Retained earnings 462,428 419,128
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 (385) (545)
Stockholders' equity attributable to parent, total 687,374 623,683
Noncontrolling interests in subsidiaries 130,462 129,678
Total equity 817,836 753,361
Liabilities and stockholders' equity, total $ 1,655,924 $ 1,613,336
v3.10.0.1
Condensed Consolidated Statements Of Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Operating Revenues $ 216,831,000 $ 128,571,000 $ 401,655,000 $ 264,890,000
Costs and Expenses [Abstract]        
Operating 162,168,000 82,466,000 293,945,000 175,583,000
Administrative and general 24,311,000 25,540,000 50,106,000 48,418,000
Depreciation and amortization 18,844,000 17,469,000 38,453,000 34,188,000
Total costs and expenses 205,323,000 125,475,000 382,504,000 258,189,000
Gains on Asset Dispositions and Impairments, Net 506,000 5,897,000 7,551,000 5,709,000
Operating Income 12,014,000 8,993,000 26,702,000 12,410,000
Other Income (Expense):        
Interest income 2,179,000 2,150,000 4,035,000 4,284,000
Interest expense 8,604,000 11,676,000 17,167,000 21,980,000
Debt extinguishment losses, net (5,407,000) (97,000) (5,449,000) (97,000)
Marketable security gains (losses), net 782,000 (21,674,000) (3,016,000) (838,000)
Derivative gains, net 0 16,897,000 0 19,727,000
Foreign currency gains (losses), net (1,346,000) (1,470,000) 344,000 (71,000)
Other, net 54,311,000 424,000 54,594,000 4,000
Total Other Nonoperating Income (Expense) 41,915,000 (15,446,000) 33,341,000 1,029,000
Income (Loss) from Continuing Operations Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies 53,929,000 (6,453,000) 60,043,000 13,439,000
Income Tax Expense (Benefit) 9,853,000 (3,664,000) 9,572,000 232,000
Income (Loss) from Continuing Operations Before Equity in Earnings of 50% or Less Owned Companies 44,076,000 (2,789,000) 50,471,000 13,207,000
Equity in Earnings of 50% or Less Owned Companies, Net of Tax 1,931,000 2,333,000 1,094,000 2,441,000
Income (Loss) from Continuing Operations 46,007,000 (456,000) 51,565,000 15,648,000
Loss from Discontinued Operations, Net of Tax 0 (28,629,000) 0 (34,077,000)
Net Income (Loss) 46,007,000 (29,085,000) 51,565,000 (18,429,000)
Net Income Attributable to Noncontrolling Interests in Subsidiaries 881,000 3,723,000 5,798,000 10,296,000
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 45,126,000 $ (32,808,000) $ 45,767,000 $ (28,725,000)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:        
Continuing operations $ 2.50 $ (0.39) $ 2.54 $ 0.17
Discontinued operations 0.00 (1.52) 0.00 (1.85)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc. 2.50 (1.91) 2.54 (1.68)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:        
Continuing operations 2.14 (0.39) 2.32 0.17
Discontinued operations 0.00 (1.52) 0.00 (1.82)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ 2.14 $ (1.91) $ 2.32 $ (1.65)
Weighted Average Common Shares Outstanding:        
Basic 18,076,944 17,207,831 18,023,752 17,141,306
Diluted 22,587,543 17,207,831 22,462,300 17,440,361
v3.10.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities of Continuing Operations $ 13,115 $ 77,351
Cash Flows from Investing Activities from Continuing Operations    
Purchases of property and equipment 31,632 80,987
Proceeds from disposition of property and equipment 15,881 19,817
Investments in and advances to 50% or less owned companies 8,320 7,284
Return of investments and advances from 50% or less owned companies 7,776 3,940
Proceeds from the sale of 50% or less owned companies 78,015 0
(Issuances of) payments received on third-party leases and notes receivable, net 300 (580)
Withdrawals from construction reserve funds 35,197 20,124
Deposits into construction reserve funds 0 9,800
Business acquisitions, net of cash acquired (310) 0
Net cash provided by (used in) investing activities of continuing operations 97,527 (54,770)
Cash Flows from Financing Activities of Continuing Operations    
Payments on long-term debt and capital lease obligations 30,514 88,049
Proceeds from issuance of long-term debt, net of issue costs (2,495) 27,900
Purchase of conversion option in convertible debt 5 1,220
Common stock acquired for treasury 0 7,569
Proceeds from share award plans 5,580 7,999
Distributions to noncontrolling interests (5,110) 0
Net cash used in financing activities of continuing operations (32,544) (60,939)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 52 913
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash from Continuing Operations 78,150 (37,445)
Cash Flows from Discontinued Operations:    
Operating Activities 0 26,686
Investing Activities 0 (15,773)
Financing Activities 0 (7,149)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 0 208
Net Increase in Cash and Cash Equivalents from Discontinued Operations 0 3,972
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 78,150 (33,473)
Cash, Cash Equivalents and Restricted Cash 320,378 225,414
Restricted Cash, End of Period 2,989 2,260
Cash and Cash Equivalents, End of Period $ 317,389 $ 223,154