XML 18 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Revenues [1] $ 3,070,275 $ 2,300,889 $ 2,658,932
Costs and Expenses:      
Cost of operations 2,691,284 2,113,013 2,801,426
Selling, general and administrative expenses 217,239 208,564 193,126
Impairment loss (recovery) 6,808 (9,002) 84,482
Loss (gains) on asset disposals 1,443 (46,201) (15,200)
Restructuring expenses 40,819 18,113 35,727
Total costs and expenses 2,957,593 2,284,487 3,099,561
Loss from Investments in Unconsolidated Affiliates (21,486) (7,848) (16,116)
Operating Income (Loss) 91,196 8,554 (456,745)
Other Income (Expense):      
Interest income (expense), net (50,058) (60,877) 1,353
Gain (loss) on foreign currency, net (464) 7,234 16,872
Other income (expense), net 2,450 (232) (2,339)
Total other income (expense) (48,072) (53,875) 15,886
Income (loss) before provision for income taxes and noncontrolling interests 43,124 (45,321) (440,859)
Provision for income taxes 51,963 20,073 49,051
Net Loss (8,839) (65,394) (489,910)
Less: net income attributable to noncontrolling interest 9,144 10,600 18,958
Net loss attributable to McDermott International, Inc. $ (17,983) $ (75,994) $ (508,868)
Net loss attributable to McDermott International, Inc.      
Basic: $ (0.08) $ (0.32) $ (2.15)
Diluted: $ (0.08) $ (0.32) $ (2.15)
Shares used in the computation of loss per share:      
Basic: 238,240,763 237,229,086 236,514,584
Diluted: 238,240,763 237,229,086 236,514,584
[1] Intercompany transactions were not significant during 2015, 2014 and 2013.