| Address:
|
C/O SUBSEA 7 M.S. LIMITED
200 HAMMERSMITH ROAD |
| City: |
LONDON |
|
State: |
|
|
Zip Code: |
W6 7DL |
| Telephone: |
44 20 8210 5500 |
|
Description of Business
|
Primary SIC Code:
1389 |
| (As filed with the SEC)
|
|
|
We are one of the largest seabed-to-surface engineering and construction
contractors in the world in terms of revenue. The Group designs, procures,
builds, installs and services a range of surface and subsurface infrastructures
for the global offshore oil and gas industry. The Group specializes in creating
and applying innovative and efficient solutions in response to the technical
complexities faced by the oil and gas companies as they explore and develop
offshore production fields in increasingly deeper water and more demanding
environments.
We provide services and products that add value for our clients throughout the
entire life cycle of offshore oil and gas field exploration, development and
production. When a field is being developed, we apply our technical expertise
and knowledge of regional conditions to offer conceptual and engineering designs
for the field. The Group also procures or fabricates and installs equipment used
in field development. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 11/2009 | 1.29 | NA | 11.37 | | 05/2009 | 1.56 | 0.200 | 6.63 | | 02/2009 | 1.70 | NA | 3.04 | | 11/2008 | 1.70 | NA | 3.36 | | 08/2008 | 1.08 | NA | 15.94 | | 02/2008 | 0.77 | NA | 27.87 | | 11/2007 | 0.74 | NA | 28.68 | | 08/2007 | 1.18 | NA | 22.37 |
Key Financial Ratios and Statistics |
FYE:
11/30 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.53 | Total Liab/Total Assets | 0.62 | | Net Inc/Total Assets | 0.09 | Total Liab/Inv Cap | 1.11 | | Net Inc/Inv Cap | 0.17 | Total Liab/Comm Equity | 3.50 | | Pretax Inc/Net Sales | 0.16 | Interest Coverage Ratio | 12.51 | | Net Inc/Net Sales | 0.12 | Curr Debt/Equity | 0.02 | | Cash Flow/Net Sales | 0.25 | LTD/Equity | 0.39 | | SG&A/NetSales | 0.08 | Total Debt/Equity | 0.41 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.77 | Quick Ratio | 1.41 | | Inventory Turnover | 11.49 | Current Ratio | 1.43 | | Inventory Day Sales | 0.21 | Net Rec/Curr Assets | 0.29 | | Net Sales/Work Cap | 4.23 | Inv/Curr Assets | 0.01 | | Net Sales/PP&E | 2.69 | | |
Income Statement (Millions) |
| |
11/30/2009
|
11/30/2008
|
11/30/2007
|
11/30/2006
|
|
Total Revenues(Net Sales)
|
2,208.80
|
2,522.40
|
2,663.40
|
2,124.20
|
|
Cost of Goods Sold
|
1,683.80
|
1,874.20
|
2,122.30
|
1,729.70
|
|
Selling & Admin Exps
|
182.30
|
253.80
|
227.70
|
150.90
|
|
Operating Income
|
342.70
|
397.80
|
325.70
|
245.40
|
|
Interest Exp
|
31.40
|
30.50
|
22.90
|
4.20
|
|
Pretax Income
|
361.30
|
492.30
|
347.60
|
294.50
|
|
Other Income
|
50.00
|
62.00
|
20.70
|
19.30
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
265.70
|
307.20
|
153.60
|
236.70
|
|
Assets
|
11/30/2009
|
11/30/2008
|
11/30/2007
|
11/30/2006
|
|
Cash & Short Term Investments
|
965.40
|
629.80
|
591.60
|
721.60
|
|
Receivables - Total
|
510.70
|
415.10
|
756.10
|
580.60
|
|
Inventories - Total
|
22.40
|
270.60
|
31.70
|
40.20
|
|
Total Current Assets
|
1,743.00
|
1,331.80
|
1,435.10
|
1,403.60
|
|
Net Property, Plant & Equipment
|
821.80
|
907.60
|
787.80
|
645.60
|
|
Total Assets
|
2,833.10
|
2,471.10
|
2,421.50
|
2,209.20
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
722.00
|
702.00
|
972.20
|
842.80
|
|
Debt in Current Liabilities
|
21.90
|
72.70
|
3.20
|
2.40
|
|
Total Current Liabilities
|
1,221.20
|
1,114.20
|
1,082.00
|
919.50
|
|
Long-Term Debt
|
418.00
|
466.30
|
506.30
|
507.10
|
|
Total Liabilities
|
1,765.10
|
1,669.70
|
1,692.80
|
1,509.50
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
31.20
|
NA
|
18.10
|
18.70
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
NA
|
389.90
|
389.90
|
389.00
|
|
Retained Earnings
|
358.20
|
158.60
|
-79.50
|
-154.30
|
|
Treasury Stock
|
NA
|
NA
|
-111.20
|
-17.50
|
|
Total Stockholders' Equity
|
1,068.00
|
801.40
|
728.70
|
699.70
|
|
Total Liabilities and Stockholders' Equity
|
2,833.10
|
2,471.10
|
2,421.50
|
2,209.20
|
Cash Flow Summary (Millions) |
|
Categories
|
11/30/2009
|
11/30/2008
|
11/30/2007
|
11/30/2006
|
|
Net Cash Provided by Operating Activities
|
546.10
|
493.10
|
249.00
|
38.20
|
|
Net Cash Provided by Investing Activities
|
-100.40
|
-286.70
|
-229.80
|
-117.30
|
|
Net Cash Provided by Financing Activities
|
-52.00
|
-186.10
|
-178.70
|
468.80
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 11/2005 | 1,483.30 | 139.50 | 0.54 | | 11/2006 | 2,124.20 | 236.70 | 1.10 | | 11/2007 | 2,663.40 | 153.60 | 0.74 | | 11/2008 | 2,522.40 | 307.20 | 1.70 | | 11/2009 | 2,208.80 | 265.70 | 1.29 | | Growth Rates | 10.47 | 17.48 | 24.32 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/10 | 84 | 16,485 | 8.46 |
|
Report Date :
1/10/2011
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