Company Information

Learn More About XBRL  

Address: C/O ACERGY 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. We design, procure, build, install and service a range of offshore surface and subsurface infrastructure for the global oil and gas industry. We specialize in creating and applying innovative and efficient solutions in response to the technical complexities faced by offshore oil and gas companies as they explore and develop production fields in increasingly deeper water and more demanding offshore 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. We also procure or fabricate and install equipment used in field development.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
02/20091.70NA3.04
11/20081.70NA3.36
08/20081.08NA15.94
02/20080.77NA27.87
11/20070.74NA28.68
08/20071.18NA22.37
05/20071.140.18019.73
02/20071.18NA16.04

Key Financial Ratios and Statistics

FYE: 11/30

Profitability 2008 Leverage 2008
Net Inc/Comm Equity0.35Total Liab/Total Assets0.68
Net Inc/Total Assets0.12Total Liab/Inv Cap1.30
Net Inc/Inv Cap0.24Total Liab/Comm Equity1.88
Pretax Inc/Net Sales0.20Interest Coverage Ratio17.14
Net Inc/Net Sales0.12Curr Debt/Equity0.09
Cash Flow/Net Sales0.20LTD/Equity0.58
SG&A/NetSales0.10Total Debt/Equity0.67
Asset Utilization   Liquidity  
Net Receivables Turnover4.31Quick Ratio0.95
Inventory Turnover12.40Current Ratio1.20
Inventory Day Sales0.02Net Rec/Curr Assets0.31
Net Sales/Work Cap11.59Inv/Curr Assets0.20
Net Sales/PP&E2.78  

Income Statement (Millions)

  11/30/2008 11/30/2007 11/30/2006 11/30/2005
Total Revenues(Net Sales) 2,522.40 2,663.40 2,124.20 1,483.30
Cost of Goods Sold 1,874.20 2,122.30 1,729.70 1,244.80
Selling & Admin Exps 253.80 227.70 150.90 119.90
Operating Income 397.80 325.70 245.40 125.10
Interest Exp 30.50 22.90 4.20 4.00
Pretax Income 492.30 347.60 294.50 119.30
Other Income 62.00 20.70 19.30 8.60
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 307.20 153.60 236.70 139.50

Balance Sheet (Millions)

Assets 11/30/2008 11/30/2007 11/30/2006 11/30/2005
Cash & Short Term Investments 629.80 591.60 721.60 319.20
Receivables - Total 415.10 756.10 580.60 404.60
Inventories - Total 270.60 31.70 40.20 66.10
Total Current Assets 1,331.80 1,435.10 1,403.60 827.00
Net Property, Plant & Equipment 907.60 787.80 645.60 457.70
Total Assets 2,471.10 2,421.50 2,209.20 1,384.50
Liabilities        
Accounts Payable 702.00 972.20 842.80 748.90
Debt in Current Liabilities 72.70 3.20 2.40 0.80
Total Current Liabilities 1,114.20 1,082.00 919.50 843.80
Long-Term Debt 466.30 506.30 507.10 8.70
Total Liabilities 1,669.70 1,692.80 1,509.50 928.80
Stockholder's Equity        
Minority Interest NA 18.10 18.70 26.40
Preferred Stock NA NA NA NA
Common Stock 389.90 389.90 389.00 385.50
Retained Earnings 158.60 -79.50 -154.30 -391.00
Treasury Stock NA -111.20 -17.50 -1.00
Total Stockholders' Equity 801.40 728.70 699.70 455.70
Total Liabilities and Stockholders' Equity 2,471.10 2,421.50 2,209.20 1,384.50

Cash Flow Summary (Millions)

Categories 11/30/2008 11/30/2007 11/30/2006 11/30/2005
Net Cash Provided by Operating Activities 493.10 249.00 38.20 271.30
Net Cash Provided by Investing Activities -286.70 -229.80 -117.30 -11.50
Net Cash Provided by Financing Activities -186.10 -178.70 468.80 -71.30

Annual Summary Data (Millions)

Year Sales Net Income EPS
11/20041,241.905.10--
11/20051,483.30139.500.54
11/20062,124.20236.701.10
11/20072,663.40153.600.74
11/20082,522.40307.201.70
Growth Rates19.38178.59--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/098819,3389.92




Report Date : 6/23/2009

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