We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Oceaneering International Inc | NYSE:OII | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.37 | 1.64% | 22.89 | 23.41 | 22.58 | 22.86 | 972,240 | 01:00:00 |
☑
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
|
For the quarterly period ended
|
June 30, 2020
|
☐
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the transition period from to
|
Delaware
|
95-2628227
|
|
(State or other jurisdiction of
incorporation or organization)
|
(I.R.S. Employer Identification No.)
|
|
|
|
|
11911 FM 529
|
|
|
Houston,
|
Texas
|
77041
|
(Address of principal executive offices)
|
(Zip Code)
|
Title of each class
|
Trading Symbol(s)
|
Name of exchange on which registered
|
Common stock, par value $0.25 per share
|
OII
|
New York Stock Exchange
|
Large accelerated filer
|
þ
|
Accelerated filer
|
☐
|
Non-accelerated filer
|
¨
|
Smaller reporting company
|
☐
|
|
|
Emerging growth company
|
☐
|
Part I
|
|
||
|
|
|
|
Item 1.
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Item 2.
|
|
||
Item 3.
|
|
||
Item 4.
|
|
||
|
|
|
|
Part II
|
|
||
|
|
|
|
Item 1.
|
|
||
Item 1A.
|
|
||
Item 6.
|
|
||
|
|
||
|
|
||
|
Item 1.
|
Financial Statements
|
|
|
Jun 30, 2020
|
|
Dec 31, 2019
|
||||
(in thousands, except share data)
|
|
|
||||||
|
|
(unaudited)
|
|
|
||||
ASSETS
|
|
|
|
|
||||
Current Assets:
|
|
|
|
|
||||
Cash and cash equivalents
|
|
$
|
333,509
|
|
|
$
|
373,655
|
|
Accounts receivable, net
|
|
353,247
|
|
|
421,360
|
|
||
Contract assets, net
|
|
223,405
|
|
|
221,288
|
|
||
Inventory, net
|
|
160,447
|
|
|
174,744
|
|
||
Other current assets
|
|
61,300
|
|
|
53,389
|
|
||
Total Current Assets
|
|
1,131,908
|
|
|
1,244,436
|
|
||
Property and equipment, at cost
|
|
2,424,921
|
|
|
2,622,185
|
|
||
Less accumulated depreciation
|
|
1,777,057
|
|
|
1,845,653
|
|
||
Net property and equipment
|
|
647,864
|
|
|
776,532
|
|
||
Other Assets:
|
|
|
|
|
||||
Goodwill
|
|
74,946
|
|
|
405,079
|
|
||
Other noncurrent assets
|
|
129,133
|
|
|
151,378
|
|
||
Right-of-use operating lease assets
|
|
144,933
|
|
|
163,238
|
|
||
Total other assets
|
|
349,012
|
|
|
719,695
|
|
||
Total Assets
|
|
$
|
2,128,784
|
|
|
$
|
2,740,663
|
|
LIABILITIES AND EQUITY
|
|
|
|
|
||||
Current Liabilities:
|
|
|
|
|
||||
Accounts payable
|
|
$
|
89,411
|
|
|
$
|
145,933
|
|
Accrued liabilities
|
|
311,270
|
|
|
337,681
|
|
||
Contract liabilities
|
|
51,763
|
|
|
117,342
|
|
||
Total current liabilities
|
|
452,444
|
|
|
600,956
|
|
||
Long-term debt
|
|
806,006
|
|
|
796,516
|
|
||
Long-term operating lease liabilities
|
|
160,341
|
|
|
160,988
|
|
||
Other long-term liabilities
|
|
84,584
|
|
|
106,794
|
|
||
Commitments and contingencies
|
|
|
|
|
|
|
||
Equity:
|
|
|
|
|
||||
Common stock, par value $0.25 per share; 360,000,000 shares authorized; 110,834,088 shares issued
|
|
27,709
|
|
|
27,709
|
|
||
Additional paid-in capital
|
|
191,112
|
|
|
207,130
|
|
||
Treasury stock; 11,547,475 and 11,903,252 shares, at cost
|
|
(661,267
|
)
|
|
(681,640
|
)
|
||
Retained earnings
|
|
1,455,585
|
|
|
1,850,244
|
|
||
Accumulated other comprehensive loss
|
|
(393,793
|
)
|
|
(334,097
|
)
|
||
Oceaneering shareholders' equity
|
|
619,346
|
|
|
1,069,346
|
|
||
Noncontrolling interest
|
|
6,063
|
|
|
6,063
|
|
||
Total equity
|
|
625,409
|
|
|
1,075,409
|
|
||
Total Liabilities and Equity
|
|
$
|
2,128,784
|
|
|
$
|
2,740,663
|
|
|
|
|
Three Months Ended June 30,
|
|
Six Months Ended June 30,
|
||||||||||||
(in thousands, except per share data)
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|||||||||
Revenue
|
|
$
|
427,216
|
|
|
$
|
495,781
|
|
|
$
|
963,884
|
|
|
$
|
989,667
|
|
|
Cost of services and products
|
|
384,679
|
|
|
453,798
|
|
|
874,595
|
|
|
920,097
|
|
|||||
|
Gross margin
|
|
42,537
|
|
|
41,983
|
|
|
89,289
|
|
|
69,570
|
|
||||
Selling, general and administrative expense
|
|
47,719
|
|
|
51,618
|
|
|
103,460
|
|
|
100,919
|
|
|||||
Long-lived assets impairments
|
|
—
|
|
|
—
|
|
|
68,763
|
|
|
—
|
|
|||||
Goodwill impairment
|
|
—
|
|
|
—
|
|
|
303,005
|
|
|
—
|
|
|||||
|
Income (loss) from operations
|
|
(5,182
|
)
|
|
(9,635
|
)
|
|
(385,939
|
)
|
|
(31,349
|
)
|
||||
Interest income
|
|
511
|
|
|
1,848
|
|
|
1,788
|
|
|
4,452
|
|
|||||
Interest expense, net of amounts capitalized
|
|
(11,611
|
)
|
|
(10,199
|
)
|
|
(24,073
|
)
|
|
(19,623
|
)
|
|||||
Equity in income (losses) of unconsolidated affiliates
|
|
674
|
|
|
—
|
|
|
1,871
|
|
|
(164
|
)
|
|||||
Other income (expense), net
|
|
(3,660
|
)
|
|
7
|
|
|
(10,788
|
)
|
|
726
|
|
|||||
|
Income (loss) before income taxes
|
|
(19,268
|
)
|
|
(17,979
|
)
|
|
(417,141
|
)
|
|
(45,958
|
)
|
||||
Provision (benefit) for income taxes
|
|
5,520
|
|
|
17,203
|
|
|
(24,755
|
)
|
|
14,051
|
|
|||||
|
Net Income (Loss)
|
|
$
|
(24,788
|
)
|
|
$
|
(35,182
|
)
|
|
$
|
(392,386
|
)
|
|
$
|
(60,009
|
)
|
|
|
|
|
|
|
|
|
|
|||||||||
Weighted-average shares outstanding
|
|
|
|
|
|
|
|
|
|||||||||
Basic
|
|
99,273
|
|
|
98,929
|
|
|
99,164
|
|
|
98,822
|
|
|||||
Diluted
|
|
99,273
|
|
|
98,929
|
|
|
99,164
|
|
|
98,822
|
|
|||||
Earnings (loss) per share
|
|
|
|
|
|
|
|
|
|||||||||
Basic
|
|
$
|
(0.25
|
)
|
|
$
|
(0.36
|
)
|
|
$
|
(3.96
|
)
|
|
$
|
(0.61
|
)
|
|
Diluted
|
|
$
|
(0.25
|
)
|
|
$
|
(0.36
|
)
|
|
$
|
(3.96
|
)
|
|
$
|
(0.61
|
)
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
Three Months Ended June 30,
|
|
Six Months Ended June 30,
|
||||||||||||
(in thousands)
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|||||||||
Net income (loss)
|
|
$
|
(24,788
|
)
|
|
$
|
(35,182
|
)
|
|
$
|
(392,386
|
)
|
|
$
|
(60,009
|
)
|
|
Other Comprehensive Income (Loss):
|
|
|
|
|
|
|
|
|
|||||||||
|
Foreign currency translation adjustments
|
|
10,629
|
|
|
203
|
|
|
(59,696
|
)
|
|
6,449
|
|
||||
Total other comprehensive income (loss)
|
|
10,629
|
|
|
203
|
|
|
(59,696
|
)
|
|
6,449
|
|
|||||
|
Comprehensive income (loss)
|
|
$
|
(14,159
|
)
|
|
$
|
(34,979
|
)
|
|
$
|
(452,082
|
)
|
|
$
|
(53,560
|
)
|
|
|
Six Months Ended June 30,
|
||||||
(in thousands)
|
|
2020
|
|
2019
|
||||
Cash Flows from Operating Activities:
|
|
|
|
|
||||
Net income (loss)
|
|
$
|
(392,386
|
)
|
|
$
|
(60,009
|
)
|
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
|
|
|
|
|
||||
Depreciation and amortization, including goodwill impairment
|
|
394,894
|
|
|
102,790
|
|
||
Loss on impairment of long-lived assets
|
|
68,763
|
|
|
—
|
|
||
Deferred income tax provision (benefit)
|
|
(8,528
|
)
|
|
(3,686
|
)
|
||
Net loss (gain) on sales of property and equipment and cost method investment
|
|
621
|
|
|
(1,592
|
)
|
||
Noncash compensation
|
|
6,303
|
|
|
5,835
|
|
||
Noncash impact of lease accounting
|
|
(2,981
|
)
|
|
—
|
|
||
Excluding the effects of acquisitions, increase (decrease) in cash from:
|
|
|
|
|
||||
Accounts receivable and contract assets
|
|
63,724
|
|
|
53,913
|
|
||
Inventory
|
|
14,297
|
|
|
(18,687
|
)
|
||
Proceeds from interest rate swaps
|
|
12,840
|
|
|
—
|
|
||
Other operating assets
|
|
(1,061
|
)
|
|
11,868
|
|
||
Currency translation effect on working capital, excluding cash
|
|
(2,508
|
)
|
|
2,005
|
|
||
Current liabilities
|
|
(135,019
|
)
|
|
(18,669
|
)
|
||
Other operating liabilities
|
|
(13,591
|
)
|
|
(1,059
|
)
|
||
Total adjustments to net income (loss)
|
|
397,754
|
|
|
132,718
|
|
||
Net Cash Provided by (Used in) Operating Activities
|
|
5,368
|
|
|
72,709
|
|
||
Cash Flows from Investing Activities:
|
|
|
|
|
||||
Purchases of property and equipment
|
|
(37,860
|
)
|
|
(70,862
|
)
|
||
Distributions of capital from unconsolidated affiliates
|
|
1,206
|
|
|
1,064
|
|
||
Proceeds from sale of property and equipment
|
|
1,337
|
|
|
1,679
|
|
||
Net Cash Provided by (Used in) Investing Activities
|
|
(35,317
|
)
|
|
(68,119
|
)
|
||
Cash Flows from Financing Activities:
|
|
|
|
|
||||
Other financing activities
|
|
(1,947
|
)
|
|
(2,682
|
)
|
||
Net Cash Provided by (Used in) Financing Activities
|
|
(1,947
|
)
|
|
(2,682
|
)
|
||
Effect of exchange rates on cash
|
|
(8,250
|
)
|
|
(329
|
)
|
||
Net Increase (Decrease) in Cash and Cash Equivalents
|
|
(40,146
|
)
|
|
1,579
|
|
||
Cash and Cash Equivalents—Beginning of Period
|
|
373,655
|
|
|
354,259
|
|
||
Cash and Cash Equivalents—End of Period
|
|
$
|
333,509
|
|
|
$
|
355,838
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
Common Stock
|
|
Additional
Paid-in Capital |
Treasury
Stock |
|
Retained
Earnings |
|
Accumulated Other Comprehensive Income
(Loss) |
|
Oceaneering Shareholders' Equity
|
|
Non-controlling Interest
|
|
Total Equity
|
|||||||||||||||||
(in thousands)
|
|
|
|
|
|
|||||||||||||||||||||||||||
Balance, December 31, 2019
|
|
$
|
27,709
|
|
|
$
|
207,130
|
|
|
$
|
(681,640
|
)
|
|
$
|
1,850,244
|
|
|
$
|
(334,097
|
)
|
|
$
|
1,069,346
|
|
|
$
|
6,063
|
|
|
$
|
1,075,409
|
|
Cumulative effect of ASC 326 adoption
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(2,273
|
)
|
|
—
|
|
|
(2,273
|
)
|
|
—
|
|
|
(2,273
|
)
|
||||||||
Net income (loss)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(367,598
|
)
|
|
—
|
|
|
(367,598
|
)
|
|
—
|
|
|
(367,598
|
)
|
||||||||
Other comprehensive income (loss) currency translation adjustments
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(70,325
|
)
|
|
(70,325
|
)
|
|
—
|
|
|
(70,325
|
)
|
||||||||
Restricted stock unit activity
|
|
—
|
|
|
(11,816
|
)
|
|
13,262
|
|
|
—
|
|
|
—
|
|
|
1,446
|
|
|
—
|
|
|
1,446
|
|
||||||||
Restricted stock activity
|
|
—
|
|
|
(5,992
|
)
|
|
5,992
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||||
Balance, March 31, 2020
|
|
27,709
|
|
|
189,322
|
|
|
(662,386
|
)
|
|
1,480,373
|
|
|
(404,422
|
)
|
|
630,596
|
|
|
6,063
|
|
|
636,659
|
|
||||||||
Net income (loss)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(24,788
|
)
|
|
—
|
|
|
(24,788
|
)
|
|
—
|
|
|
(24,788
|
)
|
||||||||
Other comprehensive income (loss) currency translation adjustments
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
10,629
|
|
|
10,629
|
|
|
—
|
|
|
10,629
|
|
||||||||
Restricted stock unit activity
|
|
—
|
|
|
1,790
|
|
|
1,119
|
|
|
—
|
|
|
—
|
|
|
2,909
|
|
|
—
|
|
|
2,909
|
|
||||||||
Balance, June 30, 2020
|
|
$
|
27,709
|
|
|
$
|
191,112
|
|
|
$
|
(661,267
|
)
|
|
$
|
1,455,585
|
|
|
$
|
(393,793
|
)
|
|
$
|
619,346
|
|
|
$
|
6,063
|
|
|
$
|
625,409
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
|
Common Stock
|
|
Additional
Paid-in Capital |
|
Treasury
Stock |
|
Retained
Earnings |
|
Accumulated Other Comprehensive Income
(Loss) |
|
Oceaneering Shareholders' Equity
|
|
Non-controlling Interest
|
|
Total Equity
|
||||||||||||||||
(in thousands)
|
|
|
|
|
|
|||||||||||||||||||||||||||
Balance, December 31, 2018
|
|
$
|
27,709
|
|
|
$
|
220,421
|
|
|
$
|
(704,066
|
)
|
|
$
|
2,204,548
|
|
|
$
|
(339,377
|
)
|
|
$
|
1,409,235
|
|
|
$
|
6,063
|
|
|
$
|
1,415,298
|
|
Cumulative effect of ASC 842 adoption
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(5,860
|
)
|
|
—
|
|
|
(5,860
|
)
|
|
—
|
|
|
(5,860
|
)
|
||||||||
Net income (loss)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(35,182
|
)
|
|
—
|
|
|
(24,827
|
)
|
|
—
|
|
|
(24,827
|
)
|
||||||||
Other comprehensive income (loss) currency translation adjustments
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
6,246
|
|
|
6,246
|
|
|
—
|
|
|
6,246
|
|
||||||||
Restricted stock unit activity
|
|
—
|
|
|
(16,494
|
)
|
|
17,137
|
|
|
—
|
|
|
—
|
|
|
643
|
|
|
—
|
|
|
643
|
|
||||||||
Restricted stock activity
|
|
—
|
|
|
(5,143
|
)
|
|
5,143
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||||
Balance, March 31, 2019
|
|
27,709
|
|
|
198,784
|
|
|
(681,786
|
)
|
|
2,173,861
|
|
|
(333,131
|
)
|
|
1,385,437
|
|
|
6,063
|
|
|
1,391,500
|
|
||||||||
Net income (loss)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(35,182
|
)
|
|
—
|
|
|
(35,182
|
)
|
|
|
|
(35,182
|
)
|
|||||||||
Other comprehensive income (loss) currency translation adjustments
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
203
|
|
|
203
|
|
|
|
|
203
|
|
|||||||||
Restricted stock unit activity
|
|
—
|
|
|
2,443
|
|
|
69
|
|
|
—
|
|
|
—
|
|
|
2,512
|
|
|
|
|
2,512
|
|
|||||||||
Balance, June 30, 2019
|
|
$
|
27,709
|
|
|
$
|
201,227
|
|
|
$
|
(681,717
|
)
|
|
$
|
2,138,679
|
|
|
$
|
(332,928
|
)
|
|
$
|
1,352,970
|
|
|
$
|
6,063
|
|
|
$
|
1,359,033
|
|
•
|
Subsea Distribution Solutions U.K. - We utilized the cost approach and considered economic obsolescence under the income approach to determine fair value of the property and equipment.
|
•
|
Subsea Distribution Solutions Brazil and Angola - We utilized a combination of market and cost approaches to measure fair values.
|
•
|
Shallow Water vessels - We utilized the cost approach and considered historical, current and anticipated dayrates and utilization to measure market value.
|
•
|
Renewables and Special Projects - We utilized a combination of market and cost approaches to measure fair values.
|
•
|
Oceaneering Entertainment Systems and Oceaneering AGV Systems - We utilized a combination of market and cost approaches to measure fair value.
|
|
|
|
Three Months Ended March 31, 2020
|
||||||||||||||
(in thousands)
|
|
Property and Equipment, Net
|
|
Intangible Assets
|
|
Right-of-Use Operating Lease Assets
|
|
Total
|
|||||||||
Subsea Products
|
|
|
|
|
|
|
|
|
|||||||||
|
Subsea Distribution Solutions U.K.
|
|
$
|
6,543
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
6,543
|
|
|
Subsea Distribution Solutions Brazil
|
|
9,834
|
|
|
—
|
|
|
—
|
|
|
9,834
|
|
||||
|
Subsea Distribution Solutions Angola
|
|
25,941
|
|
|
—
|
|
|
12,541
|
|
|
38,482
|
|
||||
Subsea Projects
|
|
|
|
|
|
|
|
|
|||||||||
|
Shallow Water Vessels
|
|
3,894
|
|
|
—
|
|
|
—
|
|
|
3,894
|
|
||||
|
Renewables and Special Projects Group
|
|
3,628
|
|
|
—
|
|
|
—
|
|
|
3,628
|
|
||||
|
Global Data Solutions
|
|
—
|
|
|
167
|
|
|
—
|
|
|
167
|
|
||||
Advanced Technologies
|
|
|
|
|
|
|
|
|
|||||||||
|
Oceaneering Entertainment Systems
|
|
1,593
|
|
|
|
|
3,472
|
|
|
5,065
|
|
|||||
|
Oceaneering AGV Systems
|
|
145
|
|
|
310
|
|
|
695
|
|
|
1,150
|
|
||||
|
Total long-lived asset impairments
|
|
$
|
51,578
|
|
|
$
|
477
|
|
|
$
|
16,708
|
|
|
$
|
68,763
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||
(in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
|||||||||||
Business Segment:
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
|
Energy Services and Products
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
Remotely Operated Vehicles
|
|
$
|
98,778
|
|
|
$
|
120,363
|
|
|
$
|
111,780
|
|
|
$
|
210,558
|
|
|
$
|
220,709
|
|
|
|
Subsea Products
|
|
130,655
|
|
|
138,910
|
|
|
194,838
|
|
|
325,493
|
|
|
267,754
|
|
|||||
|
|
Subsea Projects
|
|
56,326
|
|
|
75,104
|
|
|
61,455
|
|
|
117,781
|
|
|
164,832
|
|
|||||
|
|
Asset Integrity
|
|
48,077
|
|
|
61,156
|
|
|
59,132
|
|
|
107,209
|
|
|
121,845
|
|
|||||
|
Total Energy Services and Products
|
|
333,836
|
|
|
395,533
|
|
|
427,205
|
|
|
761,041
|
|
|
775,140
|
|
||||||
|
Advanced Technologies
|
|
93,380
|
|
|
100,248
|
|
|
109,463
|
|
|
202,843
|
|
|
214,527
|
|
||||||
|
|
Total
|
|
$
|
427,216
|
|
|
$
|
495,781
|
|
|
$
|
536,668
|
|
|
$
|
963,884
|
|
|
$
|
989,667
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||
(in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
|
Jun 30, 2019
|
|
||||||||||
Geographic Operating Areas:
|
|
|
|
|
||||||||||||||||||
|
Foreign:
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
Africa
|
|
$
|
51,649
|
|
|
$
|
61,390
|
|
|
$
|
63,417
|
|
|
$
|
115,066
|
|
|
$
|
148,496
|
|
|
|
United Kingdom
|
|
62,426
|
|
|
65,058
|
|
|
60,787
|
|
|
123,213
|
|
|
118,356
|
|
|||||
|
|
Norway
|
|
45,423
|
|
|
60,252
|
|
|
52,184
|
|
|
97,607
|
|
|
102,718
|
|
|||||
|
|
Asia and Australia
|
|
37,122
|
|
|
43,123
|
|
|
45,680
|
|
|
82,802
|
|
|
84,549
|
|
|||||
|
|
Brazil
|
|
19,117
|
|
|
23,658
|
|
|
26,489
|
|
|
45,606
|
|
|
41,421
|
|
|||||
|
|
Other
|
|
22,625
|
|
|
28,334
|
|
|
24,659
|
|
|
47,284
|
|
|
49,556
|
|
|||||
|
Total Foreign
|
|
238,362
|
|
|
281,815
|
|
|
273,216
|
|
|
511,578
|
|
|
545,096
|
|
||||||
|
United States
|
|
188,854
|
|
|
213,966
|
|
|
263,452
|
|
|
452,306
|
|
|
444,571
|
|
||||||
Total
|
|
$
|
427,216
|
|
|
$
|
495,781
|
|
|
$
|
536,668
|
|
|
$
|
963,884
|
|
|
$
|
989,667
|
|
(in thousands)
|
|
Jun 30, 2020
|
|
Dec 31, 2019
|
||||
Contract assets
|
|
$
|
223,405
|
|
|
$
|
221,288
|
|
Contract liabilities
|
|
51,763
|
|
|
117,342
|
|
(in thousands)
|
|
Jun 30, 2020
|
|
Dec 31, 2019
|
|||||
Inventory:
|
|
|
|
|
|||||
|
Remotely operated vehicle parts and components
|
|
$
|
72,628
|
|
|
$
|
76,120
|
|
|
Other inventory, primarily raw materials
|
|
87,819
|
|
|
98,624
|
|
||
|
Total
|
|
$
|
160,447
|
|
|
$
|
174,744
|
|
|
|
|
|
|
|
||||
Other current assets:
|
|
|
|
|
|||||
|
Prepaid expenses
|
|
$
|
51,121
|
|
|
$
|
43,210
|
|
|
Angolan bonds
|
|
10,179
|
|
|
10,179
|
|
||
|
Total
|
|
$
|
61,300
|
|
|
$
|
53,389
|
|
|
|
|
|
|
|
||||
Accrued liabilities:
|
|
|
|
|
|||||
|
Payroll and related costs
|
|
$
|
122,155
|
|
|
$
|
137,001
|
|
|
Accrued job costs
|
|
52,459
|
|
|
54,387
|
|
||
|
Income taxes payable
|
|
32,961
|
|
|
36,996
|
|
||
|
Current operating lease liability
|
|
18,010
|
|
|
19,863
|
|
||
|
Other
|
|
85,685
|
|
|
89,434
|
|
||
|
Total
|
|
$
|
311,270
|
|
|
$
|
337,681
|
|
|
|
|
Jurisdiction
|
|
Periods
|
United States
|
|
2014
|
United Kingdom
|
|
2018
|
Norway
|
|
2015
|
Angola
|
|
2013
|
Brazil
|
|
2015
|
|
(in thousands)
|
|
Jun 30, 2020
|
|
Dec 31, 2019
|
||||
4.650% Senior Notes due 2024
|
|
$
|
500,000
|
|
|
$
|
500,000
|
|
|
6.000% Senior Notes due 2028
|
|
300,000
|
|
|
300,000
|
|
|||
Fair value of interest rate swaps on $200 million of principal
|
|
—
|
|
|
3,235
|
|
|||
Interest rate swap settlements
|
|
12,175
|
|
|
—
|
|
|||
Unamortized debt issuance costs
|
|
(6,169
|
)
|
|
(6,719
|
)
|
|||
Long-term debt
|
|
$
|
806,006
|
|
|
$
|
796,516
|
|
•
|
performance- or warranty-related matters under our customer and supplier contracts and other business arrangements; and
|
•
|
workers’ compensation claims, Jones Act claims, occupational hazard claims, premises liability claims and other claims.
|
9.
|
BUSINESS SEGMENT INFORMATION
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||
(in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
|
Jun 30, 2019
|
|||||||||
Revenue
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Energy Services and Products
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Remotely Operated Vehicles
|
|
$
|
98,778
|
|
|
$
|
120,363
|
|
|
$
|
111,780
|
|
|
$
|
210,558
|
|
|
$
|
220,709
|
|
Subsea Products
|
|
130,655
|
|
|
138,910
|
|
|
194,838
|
|
|
325,493
|
|
|
267,754
|
|
|||||
Subsea Projects
|
|
56,326
|
|
|
75,104
|
|
|
61,455
|
|
|
117,781
|
|
|
164,832
|
|
|||||
Asset Integrity
|
|
48,077
|
|
|
61,156
|
|
|
59,132
|
|
|
107,209
|
|
|
121,845
|
|
|||||
Total Energy Services and Products
|
|
333,836
|
|
|
395,533
|
|
|
427,205
|
|
|
761,041
|
|
|
775,140
|
|
|||||
Advanced Technologies
|
|
93,380
|
|
|
100,248
|
|
|
109,463
|
|
|
202,843
|
|
|
214,527
|
|
|||||
Total
|
|
$
|
427,216
|
|
|
$
|
495,781
|
|
|
$
|
536,668
|
|
|
$
|
963,884
|
|
|
$
|
989,667
|
|
Income (Loss) from Operations
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Energy Services and Products
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Remotely Operated Vehicles
|
|
$
|
5,975
|
|
|
$
|
8,688
|
|
|
$
|
9,066
|
|
|
$
|
15,041
|
|
|
$
|
10,106
|
|
Subsea Products
|
|
9,068
|
|
|
7,413
|
|
|
(91,858
|
)
|
|
(82,790
|
)
|
|
6,937
|
|
|||||
Subsea Projects
|
|
845
|
|
|
87
|
|
|
(145,290
|
)
|
|
(144,445
|
)
|
|
2,979
|
|
|||||
Asset Integrity
|
|
(2,598
|
)
|
|
(1,302
|
)
|
|
(109,441
|
)
|
|
(112,039
|
)
|
|
(2,015
|
)
|
|||||
Total Energy Services and Products
|
|
13,290
|
|
|
14,886
|
|
|
(337,523
|
)
|
|
(324,233
|
)
|
|
18,007
|
|
|||||
Advanced Technologies
|
|
9,707
|
|
|
7,241
|
|
|
(10,585
|
)
|
|
(878
|
)
|
|
16,840
|
|
|||||
Unallocated Expenses
|
|
(28,179
|
)
|
|
(31,762
|
)
|
|
(32,649
|
)
|
|
(60,828
|
)
|
|
(66,196
|
)
|
|||||
Total
|
|
$
|
(5,182
|
)
|
|
$
|
(9,635
|
)
|
|
$
|
(380,757
|
)
|
|
$
|
(385,939
|
)
|
|
$
|
(31,349
|
)
|
Depreciation and Amortization, including Goodwill Impairment
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Energy Services and Products
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Remotely Operated Vehicles
|
|
$
|
22,892
|
|
|
$
|
26,871
|
|
|
$
|
25,725
|
|
|
$
|
48,617
|
|
|
$
|
54,861
|
|
Subsea Products
|
|
10,024
|
|
|
12,366
|
|
|
62,454
|
|
|
72,478
|
|
|
25,357
|
|
|||||
Subsea Projects
|
|
4,597
|
|
|
7,550
|
|
|
143,346
|
|
|
147,943
|
|
|
15,432
|
|
|||||
Asset Integrity
|
|
190
|
|
|
1,570
|
|
|
111,385
|
|
|
111,575
|
|
|
3,204
|
|
|||||
Total Energy Services and Products
|
|
37,703
|
|
|
48,357
|
|
|
342,910
|
|
|
380,613
|
|
|
98,854
|
|
|||||
Advanced Technologies
|
|
634
|
|
|
765
|
|
|
12,178
|
|
|
12,812
|
|
|
1,595
|
|
|||||
Unallocated Expenses
|
|
361
|
|
|
1,182
|
|
|
1,108
|
|
|
1,469
|
|
|
2,341
|
|
|||||
Total
|
|
$
|
38,698
|
|
|
$
|
50,304
|
|
|
$
|
356,196
|
|
|
$
|
394,894
|
|
|
$
|
102,790
|
|
•
|
loss on impairment of $69 million in our Subsea Products, Subsea Projects and Advanced Technologies segments for long-lived assets;
|
•
|
write-downs and write-offs of certain intangible assets as discussed below in "Depreciation and Amortization Expense" of $7.3 million;
|
•
|
pre-tax goodwill impairment of $303 million in our Subsea Products, Subsea Projects, Asset Integrity and Advanced Technologies segments; and
|
•
|
other expenses of $6.6 million.
|
•
|
Remotely Operated Vehicles - $0.7 million;
|
•
|
Subsea Products - $108 million;
|
•
|
Subsea Projects - $146 million;
|
•
|
Asset Integrity - $112 million; and
|
•
|
Advanced Technologies - $18 million.
|
•
|
Subsea Products - $51 million;
|
•
|
Subsea Projects - $130 million; and
|
•
|
Asset Integrity - $111 million; and
|
•
|
Advanced Technologies - $11 million.
|
|
|
|
|
|
||||
(in thousands)
|
|
Jun 30, 2020
|
|
Dec 31, 2019
|
||||
Goodwill
|
|
|
|
|
||||
Energy Services and Products
|
|
|
|
|
||||
Remotely Operated Vehicles
|
|
$
|
23,935
|
|
|
$
|
24,423
|
|
Subsea Products
|
|
40,557
|
|
|
99,409
|
|
||
Subsea Projects
|
|
—
|
|
|
131,768
|
|
||
Asset Integrity
|
|
—
|
|
|
127,637
|
|
||
Total Energy Services and Products
|
|
64,492
|
|
|
383,237
|
|
||
Advanced Technologies
|
|
10,454
|
|
|
21,842
|
|
||
Total
|
|
$
|
74,946
|
|
|
$
|
405,079
|
|
Item 2.
|
Management's Discussion and Analysis of Financial Condition and Results of Operations
|
•
|
free cash flow, which we define as net cash provided by operating activities less cash paid for purchases of property and equipment, in 2020 and in future periods;
|
•
|
future demand, order intake and business activity levels;
|
•
|
the adequacy of our liquidity, cash flows and capital resources;
|
•
|
the impacts of COVID-19 on the U.S. and the global economy, as well as on our business;
|
•
|
our expectations regarding tax refunds under the CARES Act;
|
•
|
our projected capital expenditures, unallocated expenses and cash tax payments for 2020;
|
•
|
our expectations regarding shares to be repurchased under our share repurchase plan;
|
•
|
the implementation of new accounting standards and related policies, procedures and controls;
|
•
|
seasonality; and
|
•
|
industry conditions.
|
|
|
|
|
For the three months ended March 31, 2020 and the six months ended June 30, 2020
|
||||||||||||||||||||||||||
(in thousands)
|
|
Remotely Operated Vehicles
|
|
Subsea Products
|
|
Subsea Projects
|
|
Asset Integrity
|
|
Advanced Tech.
|
|
Unallocated Expenses
|
|
Total
|
||||||||||||||||
Charges for the effects of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
|
Long-lived assets impairments
|
|
$
|
—
|
|
|
$
|
54,859
|
|
|
$
|
7,689
|
|
|
$
|
—
|
|
|
$
|
6,215
|
|
|
$
|
—
|
|
|
$
|
68,763
|
|
|
|
Long-lived assets write-offs
|
|
—
|
|
|
—
|
|
|
7,328
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
7,328
|
|
||||||||
|
Goodwill impairment
|
|
—
|
|
|
51,302
|
|
|
129,562
|
|
|
110,753
|
|
|
11,388
|
|
|
—
|
|
|
303,005
|
|
||||||||
|
Other
|
|
713
|
|
|
1,668
|
|
|
1,480
|
|
|
1,694
|
|
|
795
|
|
|
280
|
|
|
6,630
|
|
||||||||
|
|
Total charges
|
|
$
|
713
|
|
|
$
|
107,829
|
|
|
$
|
146,059
|
|
|
$
|
112,447
|
|
|
$
|
18,398
|
|
|
$
|
280
|
|
|
$
|
385,726
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||
(dollars in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|||||||||||
Remotely Operated Vehicles
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Revenue
|
|
$
|
98,778
|
|
|
$
|
120,363
|
|
|
$
|
111,780
|
|
|
$
|
210,558
|
|
|
$
|
220,709
|
|
|
Gross Margin
|
|
13,788
|
|
|
17,360
|
|
|
18,112
|
|
|
31,900
|
|
|
26,781
|
|
|||||
|
Operating Income (Loss)
|
|
5,975
|
|
|
8,688
|
|
|
9,066
|
|
|
15,041
|
|
|
10,106
|
|
|||||
|
Operating Income (Loss) %
|
6
|
%
|
|
7
|
%
|
|
8
|
%
|
|
7
|
%
|
|
5
|
%
|
||||||
|
Days Available
|
|
22,750
|
|
|
25,006
|
|
|
22,750
|
|
|
45,500
|
|
|
49,512
|
|
|||||
|
Days Utilized
|
|
13,501
|
|
|
15,423
|
|
|
14,853
|
|
|
28,354
|
|
|
28,365
|
|
|||||
|
Utilization
|
|
59
|
%
|
|
62
|
%
|
|
65
|
%
|
|
62
|
%
|
|
57
|
%
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Subsea Products
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Revenue
|
|
130,655
|
|
|
138,910
|
|
|
194,838
|
|
|
325,493
|
|
|
267,754
|
|
|||||
|
Gross Margin
|
|
21,578
|
|
|
21,029
|
|
|
28,639
|
|
|
50,217
|
|
|
33,344
|
|
|||||
|
Operating Income (Loss)
|
|
9,068
|
|
|
7,413
|
|
|
(91,858
|
)
|
|
(82,790
|
)
|
|
6,937
|
|
|||||
|
Operating Income (Loss) %
|
7
|
%
|
|
5
|
%
|
|
(47
|
)%
|
|
(25
|
)%
|
|
3
|
%
|
||||||
|
Backlog at End of Period
|
|
486,000
|
|
|
596,000
|
|
|
528,000
|
|
|
486,000
|
|
|
596,000
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Subsea Projects
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Revenue
|
|
56,326
|
|
|
75,104
|
|
|
61,455
|
|
|
117,781
|
|
|
164,832
|
|
|||||
|
Gross Margin
|
|
6,331
|
|
|
5,472
|
|
|
(2,114
|
)
|
|
4,217
|
|
|
14,505
|
|
|||||
|
Operating Income (Loss)
|
|
845
|
|
|
87
|
|
|
(145,290
|
)
|
|
(144,445
|
)
|
|
2,979
|
|
|||||
|
Operating Income (Loss) %
|
2
|
%
|
|
—
|
%
|
|
(236
|
)%
|
|
(123
|
)%
|
|
2
|
%
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Asset Integrity
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Revenue
|
|
48,077
|
|
|
61,156
|
|
|
59,132
|
|
|
107,209
|
|
|
121,845
|
|
|||||
|
Gross Margin
|
|
4,155
|
|
|
6,423
|
|
|
8,729
|
|
|
12,884
|
|
|
12,695
|
|
|||||
|
Operating Income (Loss)
|
|
(2,598
|
)
|
|
(1,302
|
)
|
|
(109,441
|
)
|
|
(112,039
|
)
|
|
(2,015
|
)
|
|||||
|
Operating Income (Loss) %
|
(5
|
)%
|
|
(2
|
)%
|
|
(185
|
)%
|
|
(105
|
)%
|
|
(2
|
)%
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total Energy Services and Products
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Revenue
|
|
$
|
333,836
|
|
|
$
|
395,533
|
|
|
$
|
427,205
|
|
|
$
|
761,041
|
|
|
$
|
775,140
|
|
|
Gross Margin
|
|
45,852
|
|
|
50,284
|
|
|
53,366
|
|
|
99,218
|
|
|
87,325
|
|
|||||
|
Operating Income (Loss)
|
|
13,290
|
|
|
14,886
|
|
|
(337,523
|
)
|
|
(324,233
|
)
|
|
18,007
|
|
|||||
|
Operating Income (Loss) %
|
4
|
%
|
|
4
|
%
|
|
(79
|
)%
|
|
(43
|
)%
|
|
2
|
%
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|||||||||||
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
||||||
Manufactured Products
|
|
65
|
%
|
|
63
|
%
|
|
74
|
%
|
|
71
|
%
|
|
57
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Service and Rental
|
|
35
|
%
|
|
37
|
%
|
|
26
|
%
|
|
29
|
%
|
|
43
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||
(dollars in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|||||||||||
Revenue
|
|
$
|
93,380
|
|
|
$
|
100,248
|
|
|
$
|
109,463
|
|
|
$
|
202,843
|
|
|
$
|
214,527
|
|
|
Gross Margin
|
|
15,089
|
|
|
13,386
|
|
|
13,428
|
|
|
28,517
|
|
|
28,634
|
|
||||||
Operating Income (Loss)
|
|
9,707
|
|
|
7,241
|
|
|
(10,585
|
)
|
|
(878
|
)
|
|
16,840
|
|
||||||
Operating Income (Loss) %
|
|
10
|
%
|
|
7
|
%
|
|
(10
|
)%
|
|
—
|
%
|
|
8
|
%
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|||||||||||
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
||||||
Government
|
|
85
|
%
|
|
75
|
%
|
|
83
|
%
|
|
84
|
%
|
|
73
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Commercial
|
|
15
|
%
|
|
25
|
%
|
|
17
|
%
|
|
16
|
%
|
|
27
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|||||||||||||||
(dollars in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
||||||||||
Gross margin expenses
|
|
$
|
(18,404
|
)
|
|
$
|
(21,687
|
)
|
|
(20,042
|
)
|
|
$
|
(38,446
|
)
|
|
$
|
(46,389
|
)
|
|
% of revenue
|
|
4
|
%
|
|
4
|
%
|
|
4
|
%
|
|
4
|
%
|
|
5
|
%
|
|||||
Operating expenses
|
|
(28,179
|
)
|
|
(31,762
|
)
|
|
(32,649
|
)
|
|
(60,828
|
)
|
|
(66,196
|
)
|
|||||
Operating expenses % of revenue
|
|
7
|
%
|
|
6
|
%
|
|
6
|
%
|
|
6
|
%
|
|
7
|
%
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||||||
(in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|
Mar 31, 2020
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|||||||||||
Interest income
|
|
$
|
511
|
|
|
$
|
1,848
|
|
|
$
|
1,277
|
|
|
$
|
1,788
|
|
|
$
|
4,452
|
|
|
Interest expense, net of amounts capitalized
|
|
(11,611
|
)
|
|
(10,199
|
)
|
|
(12,462
|
)
|
|
(24,073
|
)
|
|
(19,623
|
)
|
||||||
Equity in income (losses) of unconsolidated affiliates
|
|
674
|
|
|
—
|
|
|
1,197
|
|
|
1,871
|
|
|
(164
|
)
|
||||||
Other income (expense), net
|
|
(3,660
|
)
|
|
7
|
|
|
(7,128
|
)
|
|
(10,788
|
)
|
|
726
|
|
||||||
Provision (benefit) for income taxes
|
|
5,520
|
|
|
17,203
|
|
|
(30,275
|
)
|
|
(24,755
|
)
|
|
14,051
|
|
|
|
|
Six Months Ended
|
||||||
|
(in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
||||
Changes in Cash:
|
|
|
|
|
|||||
|
Net Cash Provided by Operating Activities
|
|
$
|
5,368
|
|
|
$
|
72,709
|
|
|
Net Cash Used in Investing Activities
|
|
(35,317
|
)
|
|
(68,119
|
)
|
||
|
Net Cash Used in Financing Activities
|
|
(1,947
|
)
|
|
(2,682
|
)
|
||
|
Effect of exchange rates on cash
|
|
(8,250
|
)
|
|
(329
|
)
|
||
|
Net Increase (Decrease) in Cash and Cash Equivalents
|
|
$
|
(40,146
|
)
|
|
$
|
1,579
|
|
|
|
|
|
Six Months Ended
|
||||||
|
(in thousands)
|
|
Jun 30, 2020
|
|
Jun 30, 2019
|
|||||
Cash Flows from Operating Activities:
|
|
|
|
|
||||||
|
Net income (loss)
|
|
$
|
(392,386
|
)
|
|
$
|
(60,009
|
)
|
|
|
Non-cash items, net
|
|
459,072
|
|
|
103,347
|
|
|||
|
Accounts receivable and contract assets
|
|
63,724
|
|
|
53,913
|
|
|||
|
Inventory
|
|
14,297
|
|
|
(18,687
|
)
|
|||
|
Current liabilities
|
|
(135,019
|
)
|
|
(18,669
|
)
|
|||
|
Other changes
|
|
(4,320
|
)
|
|
12,814
|
|
|||
|
Net Cash Provided by (Used in) Operating Activities
|
|
$
|
5,368
|
|
|
$
|
72,709
|
|
Item 3.
|
Quantitative and Qualitative Disclosures About Market Risk
|
Item 1.
|
Legal Proceedings
|
•
|
performance- or warranty-related matters under our customer and supplier contracts and other business arrangements; and
|
•
|
workers’ compensation claims, Jones Act claims, occupational hazard claims, premises liability claims and other claims.
|
Item 1A.
|
Risk Factors
|
Index to Exhibits
|
||||||||||||
|
|
|
|
|
Registration or File Number
|
|
Form of Report
|
|
Report Date
|
|
Exhibit Number
|
|
*
|
3.01
|
|
|
|
1-10945
|
|
10-K
|
|
Dec. 2000
|
|
3.01
|
|
*
|
3.02
|
|
|
|
1-10945
|
|
8-K
|
|
May 2008
|
|
3.1
|
|
*
|
3.03
|
|
|
|
1-10945
|
|
8-K
|
|
May 2014
|
|
3.1
|
|
*
|
3.04
|
|
|
|
1-10945
|
|
8-K
|
|
Mar. 2020
|
|
3.01
|
|
*
|
10.01+
|
|
|
|
333-238325
|
|
S-8
|
|
May 2020
|
|
4.06
|
|
|
31.01
|
|
|
|||||||||
|
31.02
|
|
|
|||||||||
|
32.01
|
|
|
|||||||||
|
32.02
|
|
|
|||||||||
|
101.INS
|
|
|
Inline XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
|
||||||||
|
101.SCH
|
|
|
XBRL Taxonomy Extension Schema Document
|
||||||||
|
101.CAL
|
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
||||||||
|
101.DEF
|
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
||||||||
|
101.LAB
|
|
|
XBRL Taxonomy Extension Label Linkbase Document
|
||||||||
|
101.PRE
|
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
||||||||
|
104
|
|
|
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
|
||||||||
|
+
|
|
|
Management contract or compensatory plan or arrangement.
|
||||||||
|
*
|
|
|
Exhibit previously filed with the Securities and Exchange Commission, as indicated, and incorporated herein by reference.
|
|
|
|
August 3, 2020
|
|
/S/ RODERICK A. LARSON
|
Date
|
|
Roderick A. Larson
|
|
|
President and Chief Executive Officer
|
|
|
(Principal Executive Officer)
|
|
|
|
|
|
|
August 3, 2020
|
|
/S/ ALAN R. CURTIS
|
Date
|
|
Alan R. Curtis
|
|
|
Senior Vice President and Chief Financial Officer
|
|
|
(Principal Financial Officer)
|
|
|
|
|
|
|
August 3, 2020
|
|
/S/ WITLAND J. LEBLANC, JR.
|
Date
|
|
Witland J. LeBlanc, Jr.
|
|
|
Vice President and Chief Accounting Officer
|
|
|
(Principal Accounting Officer)
|
|
|
|
|
|
|
1 Year Oceaneering Chart |
1 Month Oceaneering Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions