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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenues [1] $ 558,543 $ 805,857 $ 1,994,202 $ 2,402,857
Costs and Expenses:        
Cost of operations 455,499 720,961 1,666,974 2,121,942
Selling, general and administrative expenses 46,983 44,664 137,386 144,133
Impairment loss 11,758   44,069 6,808
Loss (gain) on asset disposals (588) (100) (950) 1,443
Restructuring expenses 1,836 6,346 10,687 32,126
Total costs and expenses 515,488 771,871 1,858,166 2,306,452
Operating income [2] 43,055 33,986 136,036 96,405
Other income (expense):        
Interest expense, net (17,431) (13,015) (41,324) (38,179)
Gain (loss) on foreign currency, net 376 (1,373) (4,781) (898)
Other income, net 4,861 1,556 3,776 1,100
Total other expense (12,194) (12,832) (42,329) (37,977)
Income before provision for income taxes 30,861 21,154 93,707 58,428
Provision for income taxes 15,976 9,094 55,110 30,504
Income before income (loss) from Investments in Unconsolidated Affiliates 14,885 12,060 38,597 27,924
Income (loss) from Investments in Unconsolidated Affiliates 1,507 (4,526) (2,844) (18,748)
Net income 16,392 7,534 35,753 9,176
Less: Net income attributable to noncontrolling interest 284 3,868 1,160 8,491
Net income attributable to McDermott International, Inc. $ 16,108 $ 3,666 $ 34,593 $ 685
Net income attributable to McDermott International, Inc.        
Basic: $ 0.07 $ 0.02 $ 0.14  
Diluted: $ 0.06 $ 0.01 $ 0.12  
Shares used in the computation of net income per share:        
Basic: 240,899,888 238,594,178 240,093,169 238,128,962
Diluted: 283,907,353 280,797,155 283,132,920 279,025,262
[1] Intersegment transactions included in revenues were not significant for either of the periods presented.
[2] The operating results for the nine months ended September 30, 2016 include: (1) a $32 million impairment charge related to the Agile vessel in the AEA segment; and (2) a $12 million impairment charge for certain underutilized marine assets in the ASA segment. The ASA segment’s operating results for the nine months ended September 30, 2015 included a $4 million impairment charge for the DB 101 and $3 million of loss on disposal of this asset.