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v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 324,564 $ 239,246
Restricted cash and restricted cash equivalents 2,990 2,982
Marketable securities 41,445 42,761
Receivables:    
Trade, net of allowance for doubtful accounts of $3,465 and $2,390 in 2018 and 2017, respectively 151,217 110,465
Other 45,197 33,870
Inventories 5,139 4,377
Prepaid expenses and other 6,087 6,594
Total current assets 576,639 440,295
Property and Equipment:    
Historical cost 1,403,886 1,380,469
Accumulated depreciation (545,179) (502,544)
Net property and equipment 858,707 877,925
Investments, at Equity, and Advances to 50% or Less Owned Companies 149,184 173,441
Construction Reserve Funds 5,908 51,339
Goodwill 32,767 32,761
Intangible Assets, Net 25,724 28,106
Other Assets 8,938 9,469
Total Assets 1,657,867 1,613,336
Current Liabilities:    
Current portion of long-term debt 155,737 77,842
Accounts payable and accrued expenses 56,533 44,013
Other current liabilities 66,179 57,330
Total current liabilities 278,449 179,185
Long-Term Debt 372,657 501,505
Deferred Income Taxes 99,565 101,422
Deferred Gains and Other Liabilities 60,502 77,863
Total liabilities 811,173 859,975
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; 38,914,817 and 38,656,505 shares issued in 2018 and 2017, respectively 389 387
Additional paid-in capital 1,593,430 1,573,013
Retained earnings 479,495 419,128
Shares held in treasury of 20,671,627 and 20,716,878 in 2018 and 2017, respectively, at cost (1,366,773) (1,368,300)
Accumulated other comprehensive loss, net of tax (444) (545)
Stockholders' equity attributable to parent, total 706,097 623,683
Noncontrolling interests in subsidiaries 140,597 129,678
Total equity 846,694 753,361
Liabilities and stockholders' equity, total $ 1,657,867 $ 1,613,336
v3.10.0.1
Condensed Consolidated Statements Of Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Operating Revenues $ 220,257 $ 176,605 $ 621,912 $ 441,495
Costs and Expenses [Abstract]        
Operating 147,529 125,692 441,474 301,275
Administrative and general 26,083 20,531 76,189 68,949
Depreciation and amortization 18,616 20,501 57,069 54,689
Total costs and expenses 192,228 166,724 574,732 424,913
Gains on Asset Dispositions and Impairments, Net 6,018 5,209 13,569 10,918
Operating Income 34,047 15,090 60,749 27,500
Other Income (Expense):        
Interest income 2,450 2,367 6,485 6,651
Interest expense (8,335) (9,121) (25,502) (31,101)
Debt extinguishment gains (losses), net (160) 3 (5,609) (94)
Marketable security gains (losses), net 1,713 (12,478) (1,303) (13,316)
Derivative gains, net 0 0 0 19,727
Foreign currency gains (losses), net (328) 969 16 898
Other, net 357 64 54,951 68
Total Other Nonoperating Income (Expense) (4,303) (18,196) 29,038 (17,167)
Income (Loss) from Continuing Operations Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies 29,744 (3,106) 89,787 10,333
Income Tax Expense (Benefit) 3,362 (12,795) 12,934 (12,563)
Income from Continuing Operations Before Equity in Earnings of 50% or Less Owned Companies 26,382 9,689 76,853 22,896
Equity in Earnings of 50% or Less Owned Companies, Net of Tax 821 488 1,915 2,929
Income from Continuing Operations 27,203 10,177 78,768 25,825
Income (Loss) from Discontinued Operations, Net of Tax 0 10,927 0 (23,150)
Net Income 27,203 21,104 78,768 2,675
Net Income attributable to Noncontrolling Interests in Subsidiaries 10,136 3,543 15,934 13,839
Net Income (Loss) attributable to SEACOR Holdings Inc. $ 17,067 $ 17,561 $ 62,834 $ (11,164)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:        
Continuing operations (in dollars per share) $ 0.94 $ 0.38 $ 3.48 $ 0.55
Discontinued operations (in dollars per share) 0.00 0.62 0.00 (1.20)
Basic Earnings (Loss) Per Common Share of SEACOR Holdings Inc. (in dollars per share) 0.94 1.00 3.48 (0.65)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc.:        
Continuing operations (in dollars per share) 0.88 0.38 3.21 0.55
Discontinued operations (in dollars per share) 0.00 0.62 0.00 (1.19)
Diluted Earnings (Loss) Per Common Share of SEACOR Holdings Inc. (in dollars per share) $ 0.88 $ 1.00 $ 3.21 $ (0.64)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 18,108,388 17,508,770 18,052,274 17,265,140
Diluted (in shares) 21,192,554 17,637,824 22,508,622 17,510,560
v3.10.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Statement of Cash Flows [Abstract]    
Net Cash Provided by Operating Activities of Continuing Operations $ 35,799 $ 85,088
Cash Flows from Investing Activities of Continuing Operations:    
Purchases of property and equipment (43,736) (99,306)
Proceeds from disposition of property and equipment 15,952 27,614
Investments in and advances to 50% or less owned companies (9,836) (7,636)
Return of investments and advances from 50% or less owned companies 8,176 9,676
Proceeds from the sale of 50% or less owned companies 78,015 5,000
Payments received on third-party leases and notes receivable, net 452 24,349
Withdrawals from construction reserve funds 45,431 37,714
Deposits into construction reserve funds 0 (13,807)
Business acquisitions, net of cash acquired 310 5,250
Net cash provided by (used in) investing activities of continuing operations 94,764 (11,146)
Cash Flows from Financing Activities of Continuing Operations:    
Payments on long-term debt and capital lease obligations (43,967) (133,151)
Proceeds from issuance of long-term debt, net of issue costs (2,495) 38,900
Purchase of conversion option in convertible debt (5) (1,354)
Common stock acquired for treasury 0 (7,569)
Proceeds from share award plans 6,280 16,427
Distributions to noncontrolling interests (5,111) 0
Net cash used in financing activities of continuing operations (45,298) (86,747)
Effects of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 61 856
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents from Continuing Operations 85,326 (11,949)
Cash Flows from Discontinued Operations:    
Operating Activities 0 26,875
Investing Activities 0 2,720
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 22,654
Net Increase in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 85,326 10,705
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 242,228 258,887
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period 327,554 269,592
Restricted Cash and Restricted Cash Equivalents, End of Period 2,990 2,436
Cash and Cash Equivalents, End of Period $ 324,564 $ 267,156