SEACOR Holdings Inc. |
(Exact Name of Registrant as Specified in Its Charter) |
Delaware
|
1-12289
|
13-3542736
|
(State or Other Jurisdiction
of Incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification No.)
|
2200 Eller Drive, Fort Lauderdale, Florida | 33316 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code | (954) 523-2200 |
Not Applicable
|
(Former Name or Former Address, if Changed Since Last Report) |
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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|
o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Exhibit No.
|
Description
|
99.1
|
Press Release of SEACOR Holdings Inc., dated July 25, 2011, setting forth its earnings for the second-quarter ended June 30, 2011
|
SEACOR Holdings Inc.
|
||||
Date: July 29, 2011
|
By:
|
/s/ Richard Ryan | ||
Name: | Richard Ryan | |||
Title: |
Senior Vice President and
Chief Financial Officer
|
Exhibit No.
|
Description
|
99.1
|
Press Release of SEACOR Holdings Inc., dated July 25, 2011, setting forth its earnings for the second-quarter ended June 30, 2011
|
Three Months Ended
|
Six Months Ended
|
|||||||||||||||
June 30,
|
June 30,
|
|||||||||||||||
2011
|
2010
|
2011
|
2010
|
|||||||||||||
Operating Revenues
|
$ | 536,446 | $ | 694,576 | $ | 1,008,710 | $ | 1,089,151 | ||||||||
Costs and Expenses:
|
||||||||||||||||
Operating
|
428,671 | 484,742 | 799,682 | 797,047 | ||||||||||||
Administrative and general
|
45,937 | 46,108 | 92,331 | 86,999 | ||||||||||||
Depreciation and amortization
|
41,070 | 41,608 | 81,129 | 83,005 | ||||||||||||
515,678 | 572,458 | 973,142 | 967,051 | |||||||||||||
Gains on Asset Dispositions and Impairments, Net
|
10,282 | 4,398 | 17,537 | 18,057 | ||||||||||||
Operating Income
|
31,050 | 126,516 | 53,105 | 140,157 | ||||||||||||
Other Income (Expense):
|
||||||||||||||||
Interest income
|
3,307 | 1,863 | 7,045 | 3,226 | ||||||||||||
Interest expense
|
(10,465 | ) | (11,264 | ) | (20,506 | ) | (23,588 | ) | ||||||||
Debt extinguishment losses, net
|
— | (364 | ) | (48 | ) | (368 | ) | |||||||||
Marketable security losses, net
|
(4,754 | ) | (5,406 | ) | (3,220 | ) | (3,445 | ) | ||||||||
Derivative losses, net
|
(6,601 | ) | (4,721 | ) | (9,919 | ) | (1,945 | ) | ||||||||
Foreign currency gains (losses), net
|
1,520 | (7,500 | ) | 6,579 | (10,201 | ) | ||||||||||
Other, net
|
(56 | ) | 46 | (234 | ) | 646 | ||||||||||
(17,049 | ) | (27,346 | ) | (20,303 | ) | (35,675 | ) | |||||||||
Income Before Income Tax Expense and Equity In Earnings of 50% or Less Owned Companies
|
14,001 | 99,170 | 32,802 | 104,482 | ||||||||||||
Income Tax Expense
|
5,638 | 37,399 | 13,004 | 39,715 | ||||||||||||
Income Before Equity in Earnings of 50% or Less Owned Companies
|
8,363 | 61,771 | 19,798 | 64,767 | ||||||||||||
Equity in Earnings of 50% or Less Owned Companies, Net of Tax
|
1,004 | 2,876 | 1,038 | 3,745 | ||||||||||||
Net Income
|
9,367 | 64,647 | 20,836 | 68,512 | ||||||||||||
Net Income attributable to Noncontrolling Interests in Subsidiaries
|
336 | 565 | 635 | 829 | ||||||||||||
Net Income attributable to SEACOR Holdings Inc.
|
$ | 9,031 | $ | 64,082 | $ | 20,201 | $ | 67,683 | ||||||||
Basic Earnings Per Common Share of SEACOR Holdings Inc.
|
$ | 0.43 | $ | 2.95 | $ | 0.96 | $ | 3.08 | ||||||||
Diluted Earnings Per Common Share of SEACOR Holdings Inc.
|
$ | 0.42 | $ | 2.93 | $ | 0.94 | $ | 3.05 | ||||||||
Weighted Average Common Shares Outstanding:
|
||||||||||||||||
Basic
|
21,166,037 | 21,733,003 | 21,135,557 | 21,999,905 | ||||||||||||
Diluted
|
21,517,725 | 21,905,401 | 21,478,759 | 22,187,114 |
Three Months Ended
|
||||||||||||||||||||
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2010
|
Sep. 30, 2010
|
Jun. 30, 2010
|
||||||||||||||||
Operating Revenues
|
$ | 536,446 | $ | 472,264 | $ | 580,384 | $ | 979,833 | $ | 694,576 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
428,671 | 371,011 | 449,961 | 683,219 | 484,742 | |||||||||||||||
Administrative and general
|
45,937 | 46,394 | 54,892 | 50,627 | 46,108 | |||||||||||||||
Depreciation and amortization
|
41,070 | 40,059 | 39,173 | 41,312 | 41,608 | |||||||||||||||
515,678 | 457,464 | 544,026 | 775,158 | 572,458 | ||||||||||||||||
Gains on Asset Dispositions and Impairments, Net
|
10,282 | 7,255 | 3,285 | 23,896 | 4,398 | |||||||||||||||
Operating Income
|
31,050 | 22,055 | 39,643 | 228,571 | 126,516 | |||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Interest income
|
3,307 | 3,738 | 3,094 | 2,562 | 1,863 | |||||||||||||||
Interest expense
|
(10,465 | ) | (10,041 | ) | (10,088 | ) | (10,274 | ) | (11,264 | ) | ||||||||||
Debt extinguishment losses, net
|
— | (48 | ) | (1,092 | ) | — | (364 | ) | ||||||||||||
Marketable security gains (losses), net
|
(4,754 | ) | 1,534 | 1,340 | (54 | ) | (5,406 | ) | ||||||||||||
Derivative gains (losses), net
|
(6,601 | ) | (3,318 | ) | 6,502 | 1,648 | (4,721 | ) | ||||||||||||
Foreign currency gains (losses), net
|
1,520 | 5,059 | (3,511 | ) | 7,585 | (7,500 | ) | |||||||||||||
Other, net
|
(56 | ) | (178 | ) | 3,061 | 10 | 46 | |||||||||||||
(17,049 | ) | (3,254 | ) | (694 | ) | 1,477 | (27,346 | ) | ||||||||||||
Income Before Income Tax Expense and Equity In Earnings of 50% or Less Owned Companies
|
14,001 | 18,801 | 38,949 | 230,048 | 99,170 | |||||||||||||||
Income Tax Expense
|
5,638 | 7,366 | 13,250 | 87,709 | 37,399 | |||||||||||||||
Income Before Equity in Earnings of 50% or Less Owned Companies
|
8,363 | 11,435 | 25,699 | 142,339 | 61,771 | |||||||||||||||
Equity in Earnings of 50% or Less Owned Companies, Net of Tax
|
1,004 | 34 | 1,501 | 7,933 | 2,876 | |||||||||||||||
Net Income
|
9,367 | 11,469 | 27,200 | 150,272 | 64,647 | |||||||||||||||
Net Income attributable to Noncontrolling Interests in Subsidiaries
|
336 | 299 | 97 | 334 | 565 | |||||||||||||||
Net Income attributable to SEACOR Holdings Inc.
|
$ | 9,031 | $ | 11,170 | $ | 27,103 | $ | 149,938 | $ | 64,082 | ||||||||||
Basic Earnings Per Common Share of
SEACOR Holdings Inc.
|
$ | 0.43 | $ | 0.53 | $ | 1.30 | $ | 7.21 | $ | 2.95 | ||||||||||
Diluted Earnings Per Common Share of
SEACOR Holdings Inc.
|
$ | 0.42 | $ | 0.52 | $ | 1.27 | $ | 7.14 | $ | 2.93 | ||||||||||
Weighted Average Common Shares of Outstanding:
|
||||||||||||||||||||
Basic
|
21,166 | 21,105 | 20,843 | 20,787 | 21,733 | |||||||||||||||
Diluted
|
21,518 | 21,439 | 21,306 | 21,001 | 21,905 | |||||||||||||||
Common Shares Outstanding at Period End
|
21,679 | 21,652 | 21,400 | 21,231 | 21,218 | |||||||||||||||
Special Cash Dividend Declared and Paid Per
Common Share of SEACOR Holdings Inc.
|
$ | — | $ | — | $ | 15.00 | $ | — | $ | — |
Three Months Ended
|
||||||||||||||||||||
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2010
|
Sep. 30, 2010
|
Jun. 30, 2010
|
||||||||||||||||
Offshore Marine Services
|
||||||||||||||||||||
Operating Revenues
|
$ | 93,386 | $ | 80,344 | $ | 100,631 | $ | 160,916 | $ | 147,123 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
68,242 | 63,020 | 76,607 | 79,205 | 80,011 | |||||||||||||||
Administrative and general
|
11,078 | 11,770 | 13,037 | 12,378 | 12,931 | |||||||||||||||
Depreciation and amortization
|
12,205 | 12,533 | 12,279 | 12,758 | 13,245 | |||||||||||||||
91,525 | 87,323 | 101,923 | 104,341 | 106,187 | ||||||||||||||||
Gains on Asset Dispositions
|
3,607 | 4,364 | 2,142 | 12,717 | 1,964 | |||||||||||||||
Operating Income (Loss)
|
5,468 | (2,615 | ) | 850 | 69,292 | 42,900 | ||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Foreign currency gains (losses), net
|
(408 | ) | 725 | (154 | ) | 977 | 425 | |||||||||||||
Other, net
|
— | — | 1 | — | — | |||||||||||||||
Equity in Earnings of 50% or Less Owned Companies, Net of Tax
|
200 | 735 | 3,042 | 2,300 | 1,713 | |||||||||||||||
Segment Profit (Loss)
|
$ | 5,260 | $ | (1,155 | ) | $ | 3,739 | $ | 72,569 | $ | 45,038 | |||||||||
Aviation Services
|
||||||||||||||||||||
Operating Revenues
|
$ | 68,493 | $ | 56,155 | $ | 55,522 | $ | 67,136 | $ | 62,433 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
42,457 | 33,465 | 37,174 | 37,492 | 40,541 | |||||||||||||||
Administrative and general
|
6,229 | 7,020 | 7,042 | 7,274 | 6,091 | |||||||||||||||
Depreciation and amortization
|
12,390 | 11,919 | 11,287 | 10,889 | 10,728 | |||||||||||||||
61,076 | 52,404 | 55,503 | 55,655 | 57,360 | ||||||||||||||||
Gains (Losses) on Asset Dispositions and Impairments, Net
|
6,172 | 2,194 | (117 | ) | 412 | 379 | ||||||||||||||
Operating Income (Loss)
|
13,589 | 5,945 | (98 | ) | 11,893 | 5,452 | ||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Derivative gains (losses), net
|
(811 | ) | 310 | (27 | ) | (29 | ) | 38 | ||||||||||||
Foreign currency gains (losses), net
|
338 | 353 | 166 | (81 | ) | (1,731 | ) | |||||||||||||
Other, net
|
— | — | — | 50 | — | |||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
|
1,054 | (99 | ) | (83 | ) | 663 | (442 | ) | ||||||||||||
Segment Profit (Loss)
|
$ | 14,170 | $ | 6,509 | $ | (42 | ) | $ | 12,496 | $ | 3,317 | |||||||||
Inland River Services
|
||||||||||||||||||||
Operating Revenues
|
$ | 41,442 | $ | 46,469 | $ | 52,284 | $ | 41,381 | $ | 34,596 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
28,717 | 27,884 | 29,542 | 26,535 | 21,547 | |||||||||||||||
Administrative and general
|
3,166 | 2,697 | 3,114 | 2,898 | 2,618 | |||||||||||||||
Depreciation and amortization
|
5,791 | 5,622 | 5,472 | 5,415 | 4,958 | |||||||||||||||
37,674 | 36,203 | 38,128 | 34,848 | 29,123 | ||||||||||||||||
Gains (Losses) on Asset Dispositions
|
(22 | ) | 697 | 697 | 29,445 | 899 | ||||||||||||||
Operating Income
|
3,746 | 10,963 | 14,853 | 35,978 | 6,372 | |||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Other, net
|
3 | 1 | 2,227 | — | — | |||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
|
666 | (256 | ) | (521 | ) | 3,522 | 805 | |||||||||||||
Segment Profit
|
$ | 4,415 | $ | 10,708 | $ | 16,559 | $ | 39,500 | $ | 7,177 |
Three Months Ended
|
||||||||||||||||||||
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2010
|
Sep. 30, 2010
|
Jun. 30, 2010
|
||||||||||||||||
Marine Transportation Services
|
||||||||||||||||||||
Operating Revenues
|
$ | 24,336 | $ | 17,312 | $ | 16,908 | $ | 18,540 | $ | 21,263 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
13,584 | 8,979 | 8,174 | 8,754 | 8,915 | |||||||||||||||
Administrative and general
|
2,146 | 1,417 | 2,040 | 1,087 | 1,038 | |||||||||||||||
Depreciation and amortization
|
5,728 | 4,978 | 5,309 | 7,320 | 8,008 | |||||||||||||||
21,458 | 15,374 | 15,523 | 17,161 | 17,961 | ||||||||||||||||
Losses on Asset Dispositions and Impairments
|
— | — | — | (18,677 | ) | (11 | ) | |||||||||||||
Operating Income (Loss)
|
2,878 | 1,938 | 1,385 | (17,298 | ) | 3,291 | ||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Foreign currency gains (losses), net
|
6 | 16 | (13 | ) | 61 | (41 | ) | |||||||||||||
Other, net
|
56 | — | — | — | — | |||||||||||||||
Segment Profit (Loss)
|
$ | 2,940 | $ | 1,954 | $ | 1,372 | $ | (17,237 | ) | $ | 3,250 | |||||||||
Environmental Services
|
||||||||||||||||||||
Operating Revenues
|
$ | 48,466 | $ | 63,086 | $ | 163,380 | $ | 468,226 | $ | 214,629 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
31,662 | 44,044 | 116,346 | 329,497 | 127,108 | |||||||||||||||
Administrative and general
|
10,322 | 7,551 | 7,485 | 11,508 | 6,525 | |||||||||||||||
Depreciation and amortization
|
2,238 | 2,231 | 2,065 | 2,249 | 2,099 | |||||||||||||||
44,222 | 53,826 | 125,896 | 343,254 | 135,732 | ||||||||||||||||
Gains (Losses) on Asset Dispositions
|
(19 | ) | — | 563 | — | (36 | ) | |||||||||||||
Operating Income
|
4,225 | 9,260 | 38,047 | 124,972 | 78,861 | |||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Foreign currency gains (losses), net
|
97 | (51 | ) | (115 | ) | 3 | (23 | ) | ||||||||||||
Other, net
|
2 | — | 1 | — | — | |||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax
|
132 | (8 | ) | 58 | 533 | 54 | ||||||||||||||
Segment Profit
|
$ | 4,456 | $ | 9,201 | $ | 37,991 | $ | 125,508 | $ | 78,892 | ||||||||||
Commodity Trading and Logistics
|
||||||||||||||||||||
Operating Revenues
|
$ | 245,321 | $ | 194,012 | $ | 178,944 | $ | 216,896 | $ | 203,064 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
237,644 | 187,018 | 173,922 | 204,467 | 203,374 | |||||||||||||||
Administrative and general
|
2,202 | 2,660 | 1,184 | 3,716 | 3,791 | |||||||||||||||
Depreciation and amortization
|
12 | 13 | 13 | 13 | 15 | |||||||||||||||
239,858 | 189,691 | 175,119 | 208,196 | 207,180 | ||||||||||||||||
Operating Income (Loss)
|
5,463 | 4,321 | 3,825 | 8,700 | (4,116 | ) | ||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Derivative gains (losses), net
|
828 | (4,750 | ) | (8,192 | ) | (5,307 | ) | 4,611 | ||||||||||||
Foreign currency gains (losses), net
|
(16 | ) | (5 | ) | 26 | 190 | (30 | ) | ||||||||||||
Other, net
|
— | — | 781 | — | 6 | |||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned
Companies, Net of Tax
|
(1,051 | ) | 51 | (611 | ) | 1,042 | (13 | ) | ||||||||||||
Segment Profit (Loss)
|
$ | 5,224 | $ | (383 | ) | $ | (4,171 | ) | $ | 4,625 | $ | 458 |
Three Months Ended
|
||||||||||||||||||||
Jun. 30,
2011
|
Mar. 31,
2011
|
Dec. 31,
2010
|
Sep. 30,
2010
|
Jun. 30,
2010
|
||||||||||||||||
Other
|
||||||||||||||||||||
Operating Revenues
|
$ | 17,921 | $ | 17,536 | $ | 16,395 | $ | 20,031 | $ | 18,969 | ||||||||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
9,158 | 9,142 | 11,872 | 10,559 | 10,895 | |||||||||||||||
Administrative and general
|
3,210 | 2,620 | 3,031 | 2,803 | 2,793 | |||||||||||||||
Depreciation and amortization
|
2,237 | 2,289 | 2,289 | 2,224 | 2,107 | |||||||||||||||
14,605 | 14,051 | 17,192 | 15,586 | 15,795 | ||||||||||||||||
Gains on Asset Dispositions
|
544 | — | — | — | 1,203 | |||||||||||||||
Operating Income (Loss)
|
3,860 | 3,485 | (797 | ) | 4,445 | 4,377 | ||||||||||||||
Other Income (Expense):
|
||||||||||||||||||||
Foreign currency gains (losses), net
|
(24 | ) | 1 | (17 | ) | 34 | (15 | ) | ||||||||||||
Other, net
|
— | (1 | ) | 10 | — | 34 | ||||||||||||||
Equity in Earnings (Losses) of 50% or Less Owned
Companies, Net of Tax
|
3 | (389 | ) | (384 | ) | (127 | ) | 759 | ||||||||||||
Segment Profit (Loss)
|
$ | 3,839 | $ | 3,096 | $ | (1,188 | ) | $ | 4,352 | $ | 5,155 | |||||||||
Corporate and Eliminations
|
||||||||||||||||||||
Operating Revenues
|
$ | (2,919 | ) | $ | (2,650 | ) | $ | (3,680 | ) | $ | (13,293 | ) | $ | (7,501 | ) | |||||
Costs and Expenses:
|
||||||||||||||||||||
Operating
|
(2,793 | ) | (2,541 | ) | (3,676 | ) | (13,290 | ) | (7,649 | ) | ||||||||||
Administrative and general
|
7,584 | 10,659 | 17,959 | 8,963 | 10,321 | |||||||||||||||
Depreciation and amortization
|
469 | 474 | 459 | 444 | 448 | |||||||||||||||
5,260 | 8,592 | 14,742 | (3,883 | ) | 3,120 | |||||||||||||||
— | ||||||||||||||||||||
Losses on Asset Dispositions
|
— | — | (1 | ) | — | |||||||||||||||
Operating Loss
|
$ | (8,179 | ) | $ | (11,242 | ) | $ | (18,422 | ) | $ | (9,411 | ) | $ | (10,621 | ) | |||||
Other Income (Expense):
|
||||||||||||||||||||
Derivative gains (losses), net
|
$ | (6,618 | ) | $ | 1,122 | $ | 14,721 | $ | 6,984 | $ | (9,370 | ) | ||||||||
Foreign currency gains (losses), net
|
1,527 | 4,020 | (3,404 | ) | 6,401 | (6,085 | ) | |||||||||||||
Other, net
|
(117 | ) | (178 | ) | 41 | (40 | ) | 6 |
Jun. 30,
2011
|
Mar. 31,
2011
|
Dec. 31,
2010
|
Sep. 30,
2010
|
Jun. 30,
2010
|
||||||||||||||||
ASSETS
|
||||||||||||||||||||
Current Assets:
|
||||||||||||||||||||
Cash and cash equivalents
|
$ | 366,813 | $ | 409,716 | $ | 370,028 | $ | 662,278 | $ | 398,498 | ||||||||||
Restricted cash
|
12,976 | 19,545 | 12,651 | 14,823 | 9,421 | |||||||||||||||
Marketable securities
|
105,608 | 149,026 | 147,409 | 103,150 | 86,457 | |||||||||||||||
Receivables:
|
||||||||||||||||||||
Trade, net of allowance for doubtful accounts
|
321,244 | 324,218 | 450,912 | 512,131 | 449,142 | |||||||||||||||
Other
|
48,825 | 55,475 | 72,448 | 44,550 | 50,345 | |||||||||||||||
Inventories
|
87,131 | 97,405 | 67,498 | 66,024 | 74,434 | |||||||||||||||
Deferred income taxes
|
5,442 | 5,442 | 5,442 | 3,354 | 3,354 | |||||||||||||||
Prepaid expenses and other
|
24,979 | 22,794 | 18,414 | 17,570 | 24,075 | |||||||||||||||
Total current assets
|
973,018 | 1,083,621 | 1,144,802 | 1,423,880 | 1,095,726 | |||||||||||||||
Property and Equipment
|
2,942,637 | 2,862,386 | 2,803,754 | 2,899,150 | 2,896,777 | |||||||||||||||
Accumulated depreciation
|
(900,979 | ) | (875,140 | ) | (835,032 | ) | (850,428 | ) | (821,641 | ) | ||||||||||
Net property and equipment
|
2,041,658 | 1,987,246 | 1,968,722 | 2,048,722 | 2,075,136 | |||||||||||||||
Investments, at Equity, and Advances to 50% or Less Owned Companies
|
210,372 | 190,472 | 182,387 | 148,334 | 201,474 | |||||||||||||||
Construction Reserve Funds & Title XI Reserve Funds
|
314,679 | 331,689 | 323,885 | 272,259 | 227,184 | |||||||||||||||
Goodwill
|
62,467 | 61,864 | 61,779 | 54,764 | 54,653 | |||||||||||||||
Intangible Assets
|
18,448 | 19,810 | 21,169 | 21,627 | 21,195 | |||||||||||||||
Other Assets, net of allowance for doubtful accounts
|
85,118 | 59,996 | 57,645 | 52,846 | 51,522 | |||||||||||||||
$ | 3,705,760 | $ | 3,734,698 | $ | 3,760,389 | $ | 4,022,432 | $ | 3,726,890 | |||||||||||
LIABILITIES AND EQUITY
|
||||||||||||||||||||
Current Liabilities:
|
||||||||||||||||||||
Current portion of long-term debt
|
$ | 20,568 | $ | 18,106 | $ | 14,618 | $ | 13,809 | $ | 14,154 | ||||||||||
Current portion of capital lease obligations
|
1,064 | 1,047 | 1,030 | 1,014 | 998 | |||||||||||||||
Accounts payable and accrued expenses
|
212,357 | 275,991 | 322,785 | 336,968 | 223,277 | |||||||||||||||
Other current liabilities
|
232,309 | 205,546 | 197,080 | 237,738 | 209,571 | |||||||||||||||
Total current liabilities
|
466,298 | 500,690 | 535,513 | 589,529 | 448,000 | |||||||||||||||
Long-Term Debt
|
690,774 | 694,872 | 697,427 | 681,268 | 682,134 | |||||||||||||||
Capital Lease Obligations
|
4,901 | 5,200 | 5,493 | 5,783 | 6,067 | |||||||||||||||
Deferred Income Taxes
|
561,477 | 563,023 | 567,880 | 586,466 | 572,985 | |||||||||||||||
Deferred Gains and Other Liabilities
|
146,853 | 150,593 | 156,711 | 88,130 | 96,510 | |||||||||||||||
Total liabilities
|
1,870,303 | 1,914,378 | 1,963,024 | 1,951,176 | 1,805,696 | |||||||||||||||
Equity:
|
||||||||||||||||||||
SEACOR Holdings Inc. stockholders’ equity:
|
||||||||||||||||||||
Preferred stock
|
— | — | — | — | — | |||||||||||||||
Common stock
|
363 | 363 | 361 | 358 | 358 | |||||||||||||||
Additional paid-in capital
|
1,239,502 | 1,233,250 | 1,225,296 | 1,196,445 | 1,191,943 | |||||||||||||||
Retained earnings
|
1,491,824 | 1,482,793 | 1,471,623 | 1,764,202 | 1,614,264 | |||||||||||||||
Shares held in treasury, at cost
|
(901,460 | ) | (901,386 | ) | (903,004 | ) | (891,887 | ) | (887,129 | ) | ||||||||||
Accumulated other comprehensive loss
|
(6,843 | ) | (5,724 | ) | (7,039 | ) | (7,568 | ) | (7,839 | ) | ||||||||||
1,823,386 | 1,809,296 | 1,787,237 | 2,061,550 | 1,911,597 | ||||||||||||||||
Noncontrolling interests in subsidiaries
|
12,071 | 11,024 | 10,128 | 9,706 | 9,597 | |||||||||||||||
Total equity
|
1,835,457 | 1,820,320 | 1,797,365 | 2,071,256 | 1,921,194 | |||||||||||||||
$ | 3,705,760 | $ | 3,734,698 | $ | 3,760,389 | $ | 4,022,432 | $ | 3,726,890 |
Jun. 30,
2011
|
Mar. 31,
2011
|
Dec. 31,
2010
|
Sep. 30,
2010
|
Jun. 30,
2010
|
|||||||
Offshore Marine Services
|
|||||||||||
Anchor handling towing supply
|
19
|
19
|
20
|
20
|
20
|
||||||
Crew
|
52
|
52
|
52
|
54
|
57
|
||||||
Mini-supply
|
8
|
9
|
9
|
12
|
12
|
||||||
Standby safety
|
26
|
26
|
26
|
26
|
26
|
||||||
Supply
|
28
|
26
|
27
|
27
|
27
|
||||||
Towing supply
|
6
|
7
|
8
|
8
|
9
|
||||||
Specialty
|
11
|
12
|
12
|
12
|
12
|
||||||
150
|
151
|
154
|
159
|
163
|
|||||||
Aviation Services
|
|||||||||||
Light helicopters – single engine
|
61
|
61
|
60
|
60
|
60
|
||||||
Light helicopters – twin engine
|
44
|
44
|
45
|
45
|
46
|
||||||
Medium helicopters
|
65
|
63
|
62
|
59
|
59
|
||||||
Heavy helicopters
|
7
|
9
|
9
|
9
|
9
|
||||||
177
|
177
|
176
|
173
|
174
|
|||||||
Inland River Services
|
|||||||||||
Inland river dry-cargo barges
|
1,492
|
1,497
|
1,388
|
1,394
|
1,449
|
||||||
Inland river liquid tank barges
|
80
|
80
|
80
|
86
|
87
|
||||||
Inland river deck barges
|
26
|
26
|
26
|
26
|
26
|
||||||
Inland river towboats
|
31
|
32
|
32
|
32
|
29
|
||||||
Dry-cargo vessel
|
1
|
1
|
1
|
1
|
1
|
||||||
1,630
|
1,636
|
1,527
|
1,539
|
1,592
|
|||||||
Marine Transportation Services
|
|||||||||||
U.S.-flag product tankers
|
8
|
8
|
8
|
8
|
8
|
||||||
RORO vessels
|
8
|
—
|
—
|
—
|
—
|
||||||
16
|
8
|
8
|
8
|
8
|
|||||||
Other
|
|||||||||||
Harbor and offshore tugs
|
28
|
29
|
30
|
31
|
31
|
||||||
Ocean liquid tank barges
|
5
|
5
|
5
|
5
|
5
|
||||||
33
|
34
|
35
|
36
|
36
|