HomeCorporate InfoBusiness UnitsMediaInvestorsContact Us

alerts Alerts

Investor Relations

Financials

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 267,156 $ 256,638
Restricted cash 2,436 2,249
Marketable securities 62,606 76,137
Receivables:    
Trade, net of allowance for doubtful accounts of $2,400 and $2,989 in 2017 and 2016, respectively 83,287 108,641
Other Receivables 38,176 35,482
Inventories 3,952 2,582
Prepaid expenses and other 6,741 3,707
Discontinued operations 0 277,365
Total current assets 464,354 762,801
Property and Equipment:    
Property, Plant and Equipment, Gross 1,483,434 1,178,556
Accumulated depreciation 487,049 444,559
Property, Plant and Equipment, Other, Net in Service 996,385 733,997
Construction in progress 22,769 246,010
Net property and equipment 1,019,154 980,007
Investments, at Equity, and Advances to 50% or Less Owned Companies 175,387 175,461
Construction Reserve Funds 51,846 75,753
Goodwill 32,773 32,758
Intangible Assets, Net 30,655 20,078
Other Assets 8,796 17,189
Discontinued Operations 0 798,274
Total assets 1,782,965 2,862,321
Current Liabilities:    
Current portion of long-term debt 119,840 163,202
Accounts payable and accrued expenses 31,518 59,563
Other current liabilities 70,762 62,164
Discontinued operations 0 85,020
Total current liabilities 222,120 369,949
Long-Term Debt 619,712 631,084
Exchange Option Liability on Subsidiary Convertible Senior Notes 0 19,436
Deferred Income Taxes 165,093 157,441
Deferred Gains and Other Liabilities 81,238 98,098
Discontinued Operations 0 390,045
Total liabilities 1,088,163 1,666,053
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; 38,473,585 and 37,939,032 shares issued in 2017 and 2016, respectively 385 379
Additional paid-in capital 1,557,086 1,518,635
Retained earnings 377,700 910,723
Shares held in treasury of 20,614,250 and 20,538,327 in 2017 and 2016, respectively, at cost 1,363,558 1,357,331
Accumulated other comprehensive loss, net of tax (266) (11,514)
Stockholders' equity attributable to parent, total 571,347 1,060,892
Noncontrolling interests in subsidiaries 123,455 135,376
Total equity 694,802 1,196,268
Liabilities and stockholders' equity, total $ 1,782,965 $ 2,862,321
v3.8.0.1
Condensed Consolidated Statements Of Income (Loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Operating Revenues $ 158,171,000 $ 109,570,000 $ 392,376,000 $ 314,269,000
Costs and Expenses [Abstract]        
Operating 107,258,000 66,573,000 252,156,000 193,636,000
Administrative and general 20,531,000 20,931,000 68,949,000 64,968,000
Depreciation and amortization 20,501,000 15,864,000 54,689,000 46,005,000
Total costs and expenses 148,290,000 103,368,000 375,794,000 304,609,000
Gains (Losses) on Asset Dispositions and Impairments, Net 5,209,000 (593,000) 10,918,000 2,590,000
Operating Income 15,090,000 5,609,000 27,500,000 12,250,000
Other Income (Expense):        
Interest income 2,367,000 4,492,000 6,651,000 13,100,000
Interest expense 9,121,000 9,955,000 31,101,000 29,892,000
Debt extinguishment gains (losses), net 3,000 557,000 (94,000) 5,395,000
Marketable security losses, net (12,478,000) (9,484,000) (13,316,000) (52,454,000)
Derivative gains (losses), net 0 (862,000) 19,727,000 (3,527,000)
Foreign currency gains, net 969,000 418,000 898,000 2,812,000
Other, net 64,000 (5,461,000) 68,000 (13,110,000)
Total Other Nonoperating Income (Expense) (18,196,000) (20,295,000) (17,167,000) (77,676,000)
Income (Loss) from Continuing Operations Before Income Tax Benefit and Equity in Earnings (Losses) of 50% or Less Owned Companies (3,106,000) (14,686,000) 10,333,000 (65,426,000)
Income Tax Benefit (12,795,000) (7,164,000) (12,563,000) (29,921,000)
Income (Loss) from Continuing Operations Before Equity in Earnings (Losses) of 50% or Less Owned Companies 9,689,000 (7,522,000) 22,896,000 (35,505,000)
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax 488,000 (1,112,000) 2,929,000 (7,169,000)
Income (Loss) from Continuing Operations 10,177,000 (8,634,000) 25,825,000 (42,674,000)
Income (Loss) from Discontinued Operations, Net of Tax 10,927,000 (25,392,000) (23,150,000) (62,809,000)
Net Income (Loss) 21,104,000 (34,026,000) 2,675,000 (105,483,000)
Net Income Attributable to Noncontrolling Interests in Subsidiaries 3,543,000 5,777,000 13,839,000 16,665,000
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 17,561,000 $ (39,803,000) $ (11,164,000) $ (122,148,000)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:        
Continuing operations $ 0.38 $ (0.82) $ 0.55 $ (3.45)
Discontinued operations 0.62 (1.53) (1.20) (3.78)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc. 1.00 (2.35) (0.65) (7.23)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:        
Continuing operations 0.38 (0.82) 0.55 (3.45)
Discontinued operations 0.62 (1.53) (1.19) (3.78)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc. $ 1.00 $ (2.35) $ (0.64) $ (7.23)
Weighted Average Common Shares Outstanding:        
Basic 17,508,770 16,943,647 17,265,140 16,896,751
Diluted 17,637,824 16,943,647 17,510,560 16,896,751
v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities of Continuing Operations $ 85,088 $ 60,547
Cash Flows from Investing Activities    
Purchases of property and equipment 99,306 207,825
Proceeds from disposition of property and equipment 27,614 142,076
Investments in and advances to 50% or less owned companies 7,636 4,464
Return of investments and advances from 50% or less owned companies 9,676 8,361
Proceeds on the sale of a controlling interest in a subsidiary 5,000 0
Net repayments on revolving credit line to 50% or less owned companies 0 (1,099)
(Issuances of) payments received on third party leases and notes receivable, net 24,349 (1,824)
Net increase in restricted cash 187 2,244
Decrease in construction reserve funds 37,714 16,827
Increase in construction reserve funds 13,807 0
Business acquisitions, net of cash acquired (5,250) 0
Net cash used in investing activities of continuing operations (11,333) (50,192)
Cash Flows from Financing Activities    
Payments on long-term debt and capital lease obligations 133,151 131,196
Proceeds from issuance of long term debt, net of issue costs 38,900 78,380
Purchase of conversion option in convertible debt 1,354 7,096
Common stock acquired for treasury 7,569 2,396
Proceeds and tax benefits from share award plans 16,427 1,618
Distributions to noncontrolling interests 0 (200)
Net cash used in financing activities of continuing operations (86,747) (60,890)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 856 (1,937)
Net Decrease in Cash and Cash Equivalents from Continuing Operations (12,136) (52,472)
Cash Flows from Discontinued Operations:    
Operating Activities 26,875 17,338
Investing Activities 2,720 (14,304)
Financing Activities (7,149) 7,753
Effects of Exchange Rate Changes on Cash and Cash Equivalents 208 499
Net Increase in Cash and Cash Equivalents from Discontinued Operations 22,654 11,286
Net Increase (Decrease) in Cash and Cash Equivalents 10,518 (41,186)
Cash and Cash Equivalents, Beginning of Period 256,638 357,146
Cash and Cash Equivalents, End of Period $ 267,156 $ 315,960