$858.2 M

CKH Mkt cap, 15-Oct-2018

$401.7 M

SEACOR Revenue Q2, 2018
SEACOR Net income (Q2, 2018)51.6 M
SEACOR EBIT (Q2, 2018)26.7 M
SEACOR Cash, 30-Jun-2018317.4 M
SEACOR EV1.1 B

SEACOR Income Statement

Annual

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

Revenue

1.2b1.3b1.1b831.0m577.9m

Revenue growth, %

6%(20%)(21%)

General and administrative expense

138.6m103.1m

Operating expense total

138.6m539.0m

Depreciation and amortization

75.1m

EBIT

100.0m165.2m21.1m(172.5m)50.5m

EBIT margin, %

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

Interest expense

43.3m49.7m41.5m

Interest income

20.0m19.3m8.5m

Income tax expense

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

Net Income

37.8m124.3m(59.8m)(195.8m)81.7m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

336.8m310.0m328.2m338.9m260.6m281.6m261.9m213.9m197.0m207.0m190.4m115.8m158.2m184.8m401.7m

General and administrative expense

31.5m38.1m34.7m46.7m38.9m38.7m37.9m35.7m34.2m32.2m35.4m25.5m20.5m25.8m50.1m

Operating expense total

304.5m290.4m299.8m317.9m269.5m278.5m244.9m224.2m209.4m210.2m209.8m112.7m148.3m177.2m382.5m

Depreciation and amortization

19.6m38.5m

EBIT

51.5m24.3m32.7m50.9m(13.7m)7.5m28.2m(10.0m)(30.2m)(33.0m)(14.7m)9.0m15.1m14.7m26.7m

EBIT margin, %

15%8%10%15%(5%)3%11%(5%)(15%)(16%)(8%)8%10%8%7%

Interest expense

10.5m11.4m10.5m11.1m10.5m10.4m10.9m11.9m12.8m12.5m13.5m11.7m9.1m8.6m17.2m

Interest income

4.3m4.0m6.0m4.5m4.6m4.5m5.1m5.6m5.0m5.3m2.8m2.2m2.4m1.9m4.0m

Income tax expense

16.0m6.4m13.0m15.6m(12.0m)155.0k3.1m(14.8m)(25.8m)(21.1m)1.6m(3.7m)(12.8m)(281.0k)9.6m

Net Income

30.8m13.7m27.5m33.8m(17.9m)(8.5m)16.4m(20.5m)(50.9m)(34.0m)10.7m(456.0k)21.1m5.6m51.6m

SEACOR Balance Sheet

Annual

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

Cash

527.4m434.2m530.0m399.6m239.2m

Accounts Receivable

Inventories

22.8m24.8m16.8m4.4m

Current Assets

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

Goodwill

18.0m62.8m52.3m32.8m32.8m

Total Assets

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

Accounts Payable

85.5m103.8m72.0m90.7m44.0m

Short-term debt

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

Current Liabilities

254.4m272.0m200.2m369.9m179.2m

Long-term debt

834.1m834.4m1.0b848.8m501.5m

Total Debt

879.4m882.9m1.1b1.0b579.3m

Total Liabilities

1.7b860.0m

Additional Paid-in Capital

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

Retained Earnings

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

Total Equity

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

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, 2017Q1, 2018Q2, 2018

Cash

332.8m374.8m453.4m449.6m448.0m433.8m456.8m496.5m552.8m471.2m418.9m223.2m267.2m272.5m317.4m

Accounts Receivable

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

Inventories

25.4m25.0m20.2m20.9m23.2m19.7m23.3m18.4m16.8m16.0m19.4m2.4m4.0m3.8m4.7m

Current Assets

670.7m697.2m783.5m811.8m762.3m724.7m738.1m797.6m829.5m759.6m746.1m426.3m464.4m475.0m555.2m

Goodwill

18.0m18.0m18.0m62.9m62.7m62.7m65.7m52.4m52.4m52.4m32.8m32.7m32.8m32.8m32.8m

Total Assets

2.9b3.1b3.3b3.3b3.2b3.2b3.2b3.1b3.0b3.0b3.0b1.8b1.8b1.6b1.7b

Accounts Payable

73.1m83.3m87.2m90.7m72.7m68.8m65.0m50.7m56.0m70.0m66.7m32.4m31.5m40.8m61.7m

Short-term debt

27.0m49.2m43.6m50.8m45.0m35.3m35.5m35.7m24.4m28.2m364.6m125.7m119.8m77.6m8.9m

Current Liabilities

214.7m264.7m250.3m281.5m256.2m222.4m224.0m194.2m179.1m194.6m534.4m214.0m222.1m178.1m138.8m

Long-term debt

675.2m830.9m830.3m831.2m834.7m889.3m926.0m1.0b1.0b1.0b733.2m615.5m619.7m495.9m530.9m

Total Debt

702.2m880.1m873.9m881.9m879.6m924.6m961.5m1.1b1.0b1.0b1.1b741.2m739.6m573.5m539.8m

Total Liabilities

1.5b1.7b1.7b1.8b1.7b1.7b1.7b1.7b1.7b1.7b1.7b1.1b1.1b851.0m838.1m

Additional Paid-in Capital

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

Retained Earnings

1.1b1.1b1.1b1.2b1.2b1.2b1.2b1.1b1.0b1.0b914.8m360.1m377.7m417.3m462.4m

Total Equity

1.4b1.4b1.6b1.5b1.5b1.5b1.4b1.4b1.3b1.3b1.2b678.2m694.8m761.5m817.8m

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 x2.1 x2 x

SEACOR Cash Flow

Annual

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

Net Income

124.3m(59.8m)(195.8m)

Depreciation and Amortization

134.5m131.8m126.0m124.9m75.1m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

185.0m191.4m171.2m51.2m

Purchases of PP&E

360.6m295.9m358.4m114.6m

Cash From Investing Activities

(130.8m)(224.4m)(158.4m)(112.0m)

Cash From Financing Activities

222.6m(57.2m)85.2m(67.0m)

Quarterly

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

Net Income

30.8m13.7m27.5m33.8m(17.9m)(8.5m)16.4m(20.5m)(50.9m)(34.0m)10.7m

Depreciation and Amortization

33.5m33.4m33.2m33.6m31.4m32.1m31.0m31.0m31.4m31.1m30.4m

Accounts Receivable

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

Inventories

20.2m20.9m23.2m19.7m23.3m18.4m16.8m16.0m19.4m

Accounts Payable

87.2m90.7m72.7m68.8m65.0m50.7m56.0m70.0m66.7m

Cash From Operating Activities

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

Purchases of PP&E

132.1m227.2m47.4m204.1m294.1m77.6m81.0m99.3m

Cash From Investing Activities

(80.6m)(91.6m)(48.5m)26.0m(64.5m)(63.8m)(54.8m)

Cash From Financing Activities

(18.1m)(27.1m)(27.3m)(48.8m)(53.1m)96.0k(60.9m)

SEACOR Ratios

USDY, 2018

EV/EBIT

40.5 x

Financial Leverage

2 x
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