Oceaneering (OII) stock price, revenue, and financials

Oceaneering market cap is $1.3 b, and annual revenue was $1.83 b in FY 2020

$1.3 B

OII Mkt cap, 28-Jul-2021

$437.6 M

Oceaneering Revenue Q1, 2021
Oceaneering Gross profit (Q1, 2021)56.7 M
Oceaneering Gross profit margin (Q1, 2021), %12.9%
Oceaneering Net income (Q1, 2021)-9.4 M
Oceaneering EBIT (Q1, 2021)13.8 M
Oceaneering Cash, 31-Mar-2021442.7 M
Oceaneering EV1.9 B
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Oceaneering Revenue

Oceaneering revenue was $1.83 b in FY, 2020

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Oceaneering Revenue Breakdown

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Oceaneering revenue breakdown by business segment: 16.0% from Subsea Projects, 22.0% from Remotely Operated Vehicles, 20.8% from Advanced Technologies, 29.4% from Subsea Products and 11.9% from Asset Integrity

Oceaneering revenue breakdown by geographic segment: 8.5% from Asia and Australia, 10.6% from Norway, 12.5% from United Kingdom, 14.3% from Africa, 45.0% from United States and 9.0% from Other

Oceaneering Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.9b1.9b2.0b1.8b

Revenue growth, %

(15%)(1%)7%

Cost of goods sold

1.7b1.8b1.9b1.7b

Gross profit

194.6m129.2m98.2m163.9m

Gross profit Margin, %

10%7%5%9%

General and administrative expense

184.0m198.3m214.9m195.7m

Operating expense total

184.0m274.7m389.0m610.0m

EBIT

10.7m(145.5m)(290.7m)(446.1m)

EBIT margin, %

1%(8%)(14%)(24%)

Interest expense

27.8m37.7m42.7m

Interest income

7.4m10.0m7.9m3.1m

Investment income

2.3m

Pre tax profit

(17.8m)(185.8m)(330.8m)(306.4m)

Income tax expense

(184.2m)26.5m17.6m(2.1m)

Net Income

166.4m(212.3m)(348.4m)(496.8m)

EPS

1.7(2.2)(3.5)

Oceaneering Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

430.3m354.3m373.7m452.0m

Accounts Receivable

476.9m625.1m421.4m296.2m

Prepaid Expenses

64.9m60.9m43.2m48.6m

Inventories

215.3m194.5m174.7m141.2m

Current Assets

1.2b1.2b1.2b1.2b

PP&E

1.1b964.7m776.5m591.1m

Goodwill

455.6m413.1m405.1m35.0m

Total Assets

3.0b2.8b2.7b2.0b

Accounts Payable

85.5m102.6m145.9m94.2m

Current Liabilities

435.8m494.7m601.0m437.1m

Long-term debt

792.3m786.6m957.5m961.3m

Total Debt

792.3m786.6m957.5m961.3m

Common Stock

27.7m27.7m27.7m27.7m

Additional Paid-in Capital

225.1m220.4m207.1m192.5m

Retained Earnings

2.4b2.2b1.9b1.4b

Total Equity

1.7b1.4b1.1b558.2m

Debt to Equity Ratio

0.5 x0.6 x0.9 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x

Financial Leverage

1.8 x2 x2.5 x3.7 x

Oceaneering Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

166.4m(212.3m)(348.4m)(496.8m)

Depreciation and Amortization

213.5m293.6m263.4m528.9m

Accounts Receivable

13.1m(86.7m)(17.6m)(125.5m)

Inventories

65.5m(12.5m)(11.8m)(26.5m)

Accounts Payable

(76.3m)28.5m76.6m8.9m

Cash From Operating Activities

136.5m36.6m157.6m136.6m

Purchases of PP&E

(93.7m)(109.5m)(147.7m)(60.7m)

Cash From Investing Activities

(112.0m)(98.8m)(134.8m)(52.6m)

Long-term Borrowings

(300.0m)

Dividends Paid

(44.2m)

Cash From Financing Activities

(45.9m)(5.6m)(2.3m)(1.7m)

Net Change in Cash

(19.9m)(76.1m)19.4m78.4m

Oceaneering Ratios

USDFY, 2017

Revenue/Employee

234.3k

Debt/Equity

0.5 x

Debt/Assets

0.3 x

Financial Leverage

1.8 x

Oceaneering Operating Metrics

Oceaneering's Backlog was reported to be $1.7b in FY, 2019.
Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Remotely Operated Vehicle Fleet

282279279279279279279275275276276250250250

Average Number of Floating Rigs under Contract

151153151150147154150148159161159154153139

Remotely Operated Vehicle Days Available

25.22 k25.3 k25.7 k101.95 k25.14 k25.39 k25.67 k101.46 k24.51 k25.01 k25.39 k100.48 k22.75 k22.75 k

Remotely Operated Vehicle Days on Hire

11.49 k12.27 k12.74 k47.28 k11.03 k13.65 k14.25 k52.08 k12.94 k15.42 k15.15 k58.35 k14.85 k13.5 k

Remotely Operated Vehicle Utilization

46%48%50%46%44%54%56%51%53%62%60%58%65%59%

Backlog

$1.38 b$1.47 b$1.72 b

Backlog (Subsea Products)

$407 m$328 m$284 m$276 m$240 m$245 m$333 m$332 m$464 m$596 m$609 m$630 m$528 m$486 m

Backlog (Remotely Operated Vehicles)

$432 m$497 m$534 m

Backlog (Subsea Projects)

$153 m$76 m$104 m

Backlog (Asset Integrity)

$301 m$248 m$226 m

Backlog (Energy Services and Products)

$1.16 b$1.15 b$1.49 b

Backlog (Advanced Technologies)

$218 m$312 m$223 m

Oceaneering Employee Rating

3.7779 votes
Culture & Values
3.3
Work/Life Balance
3.3
Senior Management
2.8
Salary & Benefits
3.2
Career Opportunities
3
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