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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues $ 3,445,110 $ 2,403,743 $ 3,281,790
Costs and Expenses:      
Cost of operations 2,980,390 1,842,261 2,781,735
Selling, general and administrative expenses 212,002 216,763 218,063
Loss on asset disposals and impairments 5,488 24,660 785
Gain on asset disposals (8,478) (2,440) (1,699)
Total Costs and Expenses 3,189,402 2,081,244 2,998,884
Equity in loss of unconsolidated affiliates (4,985) (7,594) (3,557)
Operating Income 250,723 314,905 279,349
Other Income (Expense):      
Interest income 1,848 1,495 6,021
Interest expense (529) (2,584)  
Other expense-net (751) (10,022) (15,257)
Total Other Income (Expense) 568 (11,111) (9,236)
Income from continuing operations before provision for income taxes, discontinued operations and noncontrolling interest 251,291 303,794 270,113
Provision for Income Taxes 87,124 [1] 41,182 [1] 60,561 [1]
Income from continuing operations before discontinued operations and noncontrolling interest 164,167 262,612 209,552
Loss on disposal of discontinued operations (21,934) (123,311) (7,118)
Income from discontinued operations, net of tax 9,122 88,411 188,016
Income (loss) from discontinued operations, net of tax (12,812) (34,900) 180,898
Net Income 151,355 227,712 390,450
Less: net income attributable to noncontrolling interest 12,625 26,046 3,394
Net Income Attributable to McDermott International, Inc. $ 138,730 $ 201,666 $ 387,056
Basic:      
Income from continuing operations, less noncontrolling interest $ 0.65 $ 1.02 $ 0.90
Income (loss) from discontinued operations, net of tax $ (0.05) $ (0.15) $ 0.79
Net Income $ 0.59 $ 0.87 $ 1.69
Diluted:      
Income from continuing operations, less noncontrolling interest $ 0.64 $ 1.00 $ 0.88
Income (loss) from discontinued operations, net of tax $ (0.05) $ (0.15) $ 0.78
Net Income $ 0.59 $ 0.85 $ 1.66
Shares Used in the Computation of Earnings per Share:      
Basic 234,598,901 232,173,362 229,471,020
Diluted 237,040,507 235,622,029 233,626,876
[1] We have no income tax provision applicable to U.S. federal, state or local jurisdictions.