| Address:
|
2500 CITYWEST BOULEVARD
SUITE 2200 |
| City: |
HOUSTON |
|
State: |
TX |
|
Zip Code: |
77042 |
| Telephone: |
713-361-2600 |
|
Description of Business
|
Primary SIC Code:
1389 |
| (As filed with the SEC)
|
|
|
We are a marine contractor that provides manned diving, pipelay and pipe burial,
platform installation and platform salvage services to a diverse customer base
in the offshore oil and natural gas industry. We offer our customers these
complementary services on an integrated basis for more complex subsea projects,
which provides them with greater efficiency in the completion of their work,
while enhancing the utilization of our fleet. Our headquarters are located in
Houston, Texas.
Our global footprint encompasses operations in the Gulf of Mexico Outer
Continental Shelf (or "OCS"), the Northeastern U.S., Latin America, Southeast
Asia, China, Australia, the Middle East, India and the Mediterranean. We
currently own and operate a diversified fleet of 29 vessels, including 19
surface and saturation diving support vessels, six pipelay/pipebury barges, one
dedicated pipebury barge, one combination derrick/pipelay barge and two derrick
barges. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -0.66 | NA | N/E | | 06/2011 | -3.40 | NA | N/E | | 03/2011 | -3.47 | NA | N/E | | 12/2010 | -3.47 | NA | N/E | | 09/2010 | -3.40 | NA | N/E | | 06/2010 | 0.06 | NA | 97.50 | | 03/2010 | 0.49 | NA | 14.96 | | 12/2009 | 0.81 | NA | 9.33 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.77 | Total Liab/Total Assets | 0.48 | | Net Inc/Total Assets | -0.42 | Total Liab/Inv Cap | 0.67 | | Net Inc/Inv Cap | -0.58 | Total Liab/Comm Equity | 0.89 | | Pretax Inc/Net Sales | -0.60 | Interest Coverage Ratio | -34.46 | | Net Inc/Net Sales | -0.59 | Curr Debt/Equity | 0.15 | | Cash Flow/Net Sales | 0.15 | LTD/Equity | 0.27 | | SG&A/NetSales | 0.11 | Total Debt/Equity | 0.43 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 4.00 | Quick Ratio | 1.10 | | Inventory Turnover | NA | Current Ratio | 1.10 | | Inventory Day Sales | NA | Net Rec/Curr Assets | 0.74 | | Net Sales/Work Cap | 35.92 | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.94 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
132.91
|
124.04
|
95.43
|
161.04
|
|
Cost of Goods Sold
|
120.86
|
122.39
|
102.66
|
137.37
|
|
Selling & Admin Exps
|
16.76
|
16.40
|
13.12
|
13.55
|
|
Operating Income
|
-37.61
|
-12.50
|
-20.35
|
8.72
|
|
Interest Exp
|
-4.34
|
2.31
|
2.03
|
9.06
|
|
Pretax Income
|
-39.73
|
-14.83
|
-22.52
|
6.30
|
|
Other Income
|
3.69
|
-0.01
|
-0.15
|
-1.51
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-34.37
|
-5.01
|
-18.75
|
-2.38
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
6.70
|
1.60
|
9.28
|
24.58
|
|
Receivables - Total
|
149.73
|
143.97
|
104.02
|
118.68
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
191.78
|
160.94
|
129.03
|
160.69
|
|
Net Property, Plant & Equipment
|
499.33
|
562.15
|
568.20
|
567.79
|
|
Total Assets
|
716.16
|
751.39
|
720.75
|
752.30
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
88.25
|
86.39
|
71.40
|
86.43
|
|
Debt in Current Liabilities
|
4.00
|
2.00
|
0.00
|
59.33
|
|
Total Current Liabilities
|
92.25
|
88.39
|
71.40
|
145.76
|
|
Long-Term Debt
|
180.50
|
182.30
|
164.70
|
106.01
|
|
Total Liabilities
|
380.69
|
381.92
|
349.33
|
364.59
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.95
|
0.95
|
0.95
|
0.95
|
|
Retained Earnings
|
-80.23
|
-45.86
|
-40.85
|
-22.10
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
335.47
|
369.47
|
371.42
|
387.71
|
|
Total Liabilities and Stockholders' Equity
|
716.16
|
751.39
|
720.75
|
752.30
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
8.41
|
-13.15
|
-12.09
|
37.55
|
|
Net Cash Provided by Investing Activities
|
-3.37
|
-14.17
|
-2.60
|
-6.27
|
|
Net Cash Provided by Financing Activities
|
0.20
|
19.60
|
-0.63
|
-19.83
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 509.92 | 119.41 | 1.91 | | 12/2007 | 623.62 | 105.60 | 1.24 | | 12/2008 | 856.91 | 109.50 | 1.05 | | 12/2009 | 829.36 | 76.63 | 0.81 | | 12/2010 | 536.47 | -315.85 | -3.47 | | Growth Rates | 1.28 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 141 | 87,264 | 91.82 |
|
Report Date :
2/6/2012
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