XML 64 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Revenues $ 2,658,932 $ 3,641,624 $ 3,445,110
Costs and Expenses:      
Cost of operations 2,801,426 3,100,009 2,980,390
Selling, general and administrative expenses 201,171 205,974 212,002
Loss on asset impairments 84,482 0 5,488
Gain on asset disposals (15,200) (405) (8,478)
Restructuring charges 35,727    
Total Costs and Expenses 3,107,606 3,305,578 3,189,402
Equity in Loss of Unconsolidated Affiliates (16,116) (16,719) (4,985)
Operating Income (Loss) (464,790) 319,327 250,723
Other Income (Expense):      
Interest income-net 1,353 4,656 1,319
Gain (loss) on foreign currency-net 16,872 20,142 1,234
Other income (expense)-net (2,339) (995) (1,985)
Total Other Income (Expense) 15,886 23,803 568
Income (loss) from continuing operations before provision for income taxes, discontinued operations and noncontrolling interest (448,904) 343,130 251,291
Provision for Income Taxes 49,051 129,204 87,124
Income (loss) from continuing operations before discontinued operations and noncontrolling interest (497,955) 213,926 164,167
Gain (loss) on disposal of discontinued operations   257 (21,934)
Income from discontinued operations, net of tax   3,240 9,122
Income (loss) from discontinued operations, net of tax   3,497 (12,812)
Net Income (Loss) (497,955) 217,423 151,355
Less: net income attributable to noncontrolling interests 18,958 10,770 12,625
Net Income (Loss) Attributable to McDermott International, Inc. $ (516,913) $ 206,653 $ 138,730
Basic:      
Income (loss) from continuing operations, less noncontrolling interest $ (2.19) $ 0.86 $ 0.65
Income (loss) from discontinued operations, net of tax   $ 0.01 $ (0.05)
Net Income $ (2.19) $ 0.88 $ 0.59
Diluted:      
Income (loss) from continuing operations, less noncontrolling interest $ (2.19) $ 0.86 $ 0.64
Income (loss) from discontinued operations, net of tax   $ 0.01 $ (0.05)
Net Income (Loss) $ (2.19) $ 0.87 $ 0.59
Shares Used in the Computation of Earnings per Share:      
Basic 236,514,584 235,638,422 234,598,901
Diluted 236,514,584 237,619,688 237,040,507