SEACOR Holdings Financials

$577.9 M

Revenue FY, 2017

$1.3 B

Mkt cap, 25-Apr-2018
Net income (FY, 2017)81.7 M
EBIT (FY, 2017)50.5 M
Cash, 31-Dec-2017239.2 M
EV1.6 B

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.2 b1.3 b1.1 b831 m577.9 m

Revenue growth, %

6%(20%)(21%)

General and administrative expense

138.6 m103.1 m

Operating expense total

138.6 m539 m

Depreciation and amortization

75.1 m

EBIT

100 m165.2 m21.1 m(172.5 m)50.5 m

EBIT margin, %

8%13%2%(21%)9%

Interest expense

43.3 m49.7 m41.5 m

Interest income

20 m19.3 m8.5 m

Income tax expense

(11.4 m)(93.8 m)(67.2 m)

Net Income

37.8 m124.3 m(59.9 m)(195.8 m)81.7 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

336.8 m310 m328.2 m338.9 m260.6 m281.6 m261.9 m213.9 m197 m207 m190.4 m115.8 m158.2 m

General and administrative expense

31.5 m38.1 m34.7 m46.7 m38.9 m38.7 m37.9 m35.7 m34.2 m32.2 m35.4 m25.5 m20.5 m

Operating expense total

304.5 m290.4 m299.8 m317.9 m269.5 m278.5 m244.9 m224.2 m209.4 m210.2 m209.8 m112.7 m148.3 m

EBIT

51.5 m24.3 m32.7 m50.9 m(13.7 m)7.5 m28.2 m(10 m)(30.2 m)(33 m)(14.7 m)9 m15.1 m

EBIT margin, %

15%8%10%15%(5%)3%11%(5%)(15%)(16%)(8%)8%10%

Interest expense

10.5 m11.4 m10.5 m11.1 m10.5 m10.4 m10.9 m11.9 m12.8 m12.5 m13.5 m11.7 m9.1 m

Interest income

4.3 m4 m6 m4.5 m4.6 m4.5 m5.1 m5.6 m5 m5.3 m2.8 m2.2 m2.4 m

Income tax expense

16 m6.4 m13 m15.6 m(12 m)155 k3.1 m(14.8 m)(25.8 m)(21.1 m)1.6 m(3.7 m)(12.8 m)

Net Income

30.8 m13.7 m27.5 m33.8 m(17.9 m)(8.5 m)16.4 m(20.5 m)(50.9 m)(34 m)10.7 m(456 k)21.1 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

527.4 m434.2 m530 m399.6 m239.2 m

Accounts Receivable

Inventories

22.8 m24.8 m16.8 m4.4 m

Current Assets

862.3 m833.4 m887.9 m762.8 m440.3 m

Goodwill

18 m62.8 m52.3 m32.8 m32.8 m

Total Assets

3.1 b3.2 b3.2 b2.9 b1.6 b

Accounts Payable

85.5 m103.8 m72 m90.7 m44 m

Short-term debt

45.3 m48.5 m35.5 m183.6 m77.8 m

Current Liabilities

254.4 m272 m200.2 m369.9 m179.2 m

Long-term debt

834.1 m834.4 m1 b848.8 m501.5 m

Total Debt

879.4 m882.9 m1.1 b1 b579.3 m

Total Liabilities

1.7 b860 m

Additional Paid-in Capital

1.4 b1.5 b1.5 b1.5 b1.6 b

Retained Earnings

1.1 b1.2 b1.1 b910.7 m419.1 m

Total Equity

1.4 b1.5 b1.4 b1.2 b753.4 m

Debt to Equity Ratio

0.6 x0.6 x0.8 x0.9 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.4 x

Financial Leverage

2.2 x2.1 x2.3 x2.4 x2.1 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

332.8 m374.8 m453.4 m449.6 m448 m433.8 m456.8 m496.5 m552.8 m471.2 m418.9 m223.2 m267.2 m

Accounts Receivable

39.8 m41.3 m50.6 m57.6 m39.8 m48.6 m39.7 m31.4 m34.3 m32.5 m65.2 m35.7 m38.2 m

Inventories

25.4 m25 m20.2 m20.9 m23.2 m19.7 m23.3 m18.4 m16.8 m16 m19.4 m2.4 m4 m

Current Assets

670.7 m697.2 m783.5 m811.8 m762.3 m724.7 m738.1 m797.6 m829.5 m759.6 m746.1 m426.3 m464.4 m

Goodwill

18 m18 m18 m62.9 m62.7 m62.7 m65.7 m52.4 m52.4 m52.4 m32.8 m32.7 m32.8 m

Total Assets

2.9 b3.1 b3.3 b3.3 b3.2 b3.2 b3.2 b3.1 b3 b3 b3 b1.8 b1.8 b

Accounts Payable

73.1 m83.3 m87.2 m90.7 m72.7 m68.8 m65 m50.7 m56 m70 m66.7 m32.4 m31.5 m

Short-term debt

27 m49.2 m43.6 m50.8 m45 m35.3 m35.5 m35.7 m24.4 m28.2 m364.6 m125.7 m119.8 m

Current Liabilities

214.7 m264.7 m250.3 m281.5 m256.2 m222.4 m224 m194.2 m179.1 m194.6 m534.4 m214 m222.1 m

Long-term debt

675.2 m830.9 m830.3 m831.2 m834.7 m889.3 m926 m1 b1 b1 b733.2 m615.5 m619.7 m

Total Debt

702.2 m880.1 m873.9 m881.9 m879.6 m924.6 m961.5 m1.1 b1 b1 b1.1 b741.2 m739.6 m

Total Liabilities

1.5 b1.7 b1.7 b1.8 b1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.1 b1.1 b

Additional Paid-in Capital

1.4 b1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.6 b

Retained Earnings

1.1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.2 b1.1 b1 b1 b914.8 m360.1 m377.7 m

Total Equity

1.4 b1.4 b1.6 b1.5 b1.5 b1.5 b1.4 b1.4 b1.3 b1.3 b1.2 b678.2 m694.8 m

Financial Leverage

2.1 x2.2 x2.1 x2.1 x2.1 x2.2 x2.2 x2.3 x2.3 x2.3 x2.4 x2.6 x2.6 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

124.3 m(59.9 m)(195.8 m)

Depreciation and Amortization

134.5 m131.8 m126 m124.9 m75.1 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

185 m191.4 m171.2 m51.2 m

Purchases of PP&E

360.6 m295.9 m358.4 m114.6 m

Cash From Investing Activities

(130.8 m)(224.4 m)(158.4 m)(112 m)

Cash From Financing Activities

222.6 m(57.2 m)85.2 m(67 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

30.8 m13.7 m27.5 m33.8 m(17.9 m)(8.5 m)16.4 m(20.5 m)(50.9 m)(34 m)10.7 m

Depreciation and Amortization

33.5 m33.4 m33.2 m33.6 m31.4 m32.1 m31 m31 m31.4 m31.1 m30.4 m

Accounts Receivable

50.6 m57.6 m39.8 m48.6 m39.7 m31.4 m34.3 m32.5 m65.2 m

Inventories

20.2 m20.9 m23.2 m19.7 m23.3 m18.4 m16.8 m16 m19.4 m

Accounts Payable

87.2 m90.7 m72.7 m68.8 m65 m50.7 m56 m70 m66.7 m

Cash From Operating Activities

98.5 m142.8 m42.4 m46.8 m60.2 m82.7 m77.4 m

Purchases of PP&E

132.1 m227.2 m47.4 m204.1 m294.1 m77.6 m81 m99.3 m

Cash From Investing Activities

(80.6 m)(91.6 m)(48.5 m)26 m(64.5 m)(63.8 m)(54.8 m)

Cash From Financing Activities

(18.1 m)(27.1 m)(27.3 m)(48.8 m)(53.1 m)96 k(60.9 m)

Ratios

USDY, 2017

EV/EBIT

32.5 x

Revenue/Employee

141.2 k

Financial Leverage

2.1 x
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