Gulfmark offshore inc (GLF)
CashFlow / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Predecessor [Member]
Cash flows from operating activities:
Net loss

-11,155

-13,575

-15,238

3,511

-24,643

-40,547

-124,815

-39,488

-24,729

-47,580

-91,182

-16,638

-185,226

-8,245

-5,126

7,275

24,344

14,199

16,557

25,590

32,289

9,856

2,871

-4,888

13,006

14,064

-2,909

23,645

14,165

13,291

-1,167

15,236

19,207

-90,731

21,543

-11,263

12,702

34,923

14,221

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

9,193

9,002

8,941

4,425

13,842

13,578

13,570

13,397

13,835

14,911

16,039

16,664

18,674

18,765

18,488

18,607

19,168

19,204

18,357

17,508

16,252

15,025

15,170

15,146

14,697

14,850

15,029

15,032

14,896

14,983

14,675

14,515

14,492

13,977

13,975

13,995

13,533

13,146

12,370

Impairment charges

-

-

-

0

0

0

0

0

0

46,151

116,657

0

152,103

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

46,247

(Gain) loss on sale of assets

-2

228

-25

0

34

32

-5,273

-2,582

-64

-5,918

0

-

-

-

-

-

-

-

-

-

-

-

-

-3

3,919

3,676

1,149

2,028

0

0

-10

-

-

-

-

55

-4

869

4,632

Amortization of stock-based compensation

589

589

0

0

642

784

1,112

1,186

1,292

1,233

1,498

1,465

1,621

1,845

1,804

1,723

1,817

2,150

1,640

1,845

1,725

4,107

1,689

1,507

2,153

1,822

1,555

1,603

1,648

1,576

1,332

1,395

1,411

1,591

1,273

1,242

1,434

2,779

1,660

Amortization and write-off of deferred financing costs

545

548

519

275

29

-4

10,283

579

548

1,321

806

595

594

623

582

549

470

463

463

507

454

447

372

360

314

307

1,769

425

426

426

408

399

400

399

400

252

176

176

176

Provision for doubtful accounts receivable, net of write-offs

0

-115

0

0

-2

255

546

646

1,132

0

23

98

-5

-63

-892

1,078

-16

2,400

-226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

0

0

0

0

0

0

25,792

10,120

458

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts receivable, net of write-offs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

17

-442

2,283

-146

64

23

-217

325

-164

-28

-175

-765

617

322

-615

164

-12

390

Deferred income tax expense (benefit)

-379

-424

-632

-10,456

-5,835

-109

73,216

6,052

-5,908

-2,976

-35,624

-6,512

12,614

-5,391

-4,534

1,903

-2,107

383

-245

-986

627

268

112

-1,431

-2,138

593

97

82

739

-1,815

762

-4,008

-1,502

-1,376

-1,485

18,786

1,355

-7,579

-16,021

Other financing costs

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

186

682

686

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction loss

15

-2,299

2,292

-392

1,133

-82

-298

2,052

-2,011

-1,289

223

317

-634

1,043

-566

-602

-1,820

690

242

257

-976

-452

598

-140

314

-1,665

670

-618

-2,747

190

124

-1,346

826

-2,290

1,615

-1,540

375

-5,008

3,272

Reorganization items, net

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Accounts receivable

5,541

-145

-6,586

1,275

-2,289

486

-1,558

1,580

-5,418

1,553

-12,859

-14,036

-14,199

-8,360

-10,722

-12,710

-21,430

25,741

2,699

-6,198

-9,540

24,190

9,499

-4,349

5,269

2,237

286

442

-1,082

14,238

2,385

-11,086

4,074

2,629

1,096

-8,824

-13,033

-4,296

-2,901

Prepaids and other

-594

772

800

-714

-999

3,882

1,009

-952

-319

253

-659

-2,888

-836

-49

3,559

-6,125

3,553

4

3,044

-4,979

-1,372

-2,903

1,300

562

-347

-331

3,742

853

-1,483

-2,801

4,667

5,141

-1,776

4,420

121

-3,474

1,353

11,541

-7,134

Deferred drydocking charges

-3,480

-860

-2,256

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

2,210

-2,064

-3,168

424

270

-1,667

-1,535

460

-1,347

-2,279

2,573

-1,604

2,373

-5,608

-3,763

-4,854

-87

3,809

-2,756

5,738

-3,068

3

-4,354

9,293

2,413

-3,077

5,422

-1,504

-4,625

3,549

2,116

-5,000

1,689

-3,066

2,259

-329

5,080

-3,993

2,023

Other accrued liabilities and other

233

-552

-8,824

-8,064

3,783

950

10,126

6,325

-6,738

5,227

-13,865

5,868

-9,684

5,490

-11,730

8,223

-1,935

8,200

-10,156

7,649

-8,582

9,354

-10,178

10,528

-1,001

7,168

-4,404

4,899

-3,467

-218

-5,891

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-9,793

-31,078

-11,377

-4,953

-14,103

-4,383

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities and other

233

-552

-8,824

-8,064

-

-

-

-

-

-

-

-

-

-

-

-

-1,935

8,200

-10,156

-

-8,582

9,354

-10,178

10,528

-1,001

7,168

-4,404

4,899

-3,467

-218

-5,891

-

-

-

-

-

-

-

-

Other accrued liabilities and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,025

-13,520

-

1,696

4,313

-12,621

Net cash used in operating activities

-7,204

-6,007

-17,139

-9,256

-

-

-

-

-

-

-

-

-

14,782

2,558

-

55,831

31,832

17,649

68,908

45,583

18,368

-6,157

37,571

21,188

32,556

11,421

43,276

29,153

20,001

5,041

34,214

17,977

17,448

21,935

32,373

47,449

54,173

37,050

Cash flows from investing activities:
Purchases of vessels, equipment and other fixed assets

160

237

126

141

239

286

24,377

1,112

1,438

6,438

7,200

3,554

10,570

9,686

11,618

15,902

20,892

25,514

96,117

51,027

99,872

65,060

45,908

86,810

24,622

45,264

35,605

37,256

10,068

3,412

1,522

7,987

2,273

7,749

55,430

37,027

11,633

6,418

22,360

Release of deposits held in escrow

-

-

-

0

-

-

-

-

-

-

-

0

0

0

3,683

-

-

-

-

10,882

12,633

6,826

7,945

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition of vessels and equipment

0

273

10

0

33

32

3,000

1,500

3,600

1,400

29

684

7,511

0

715

-

-

-

-

12

12,852

10

638

0

17,090

17,125

6,350

-

-

-

-

0

18,692

633

257

346

483

3,296

5,114

Net cash used in investing activities

-160

36

-116

-141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-74,387

-58,224

-37,325

-81,448

-59,922

-28,139

-29,255

-34,406

-10,068

-3,412

-1,522

-7,987

16,419

-7,116

-55,173

-36,681

-11,150

-3,122

-17,246

Net cash used in investing activities

-

-

-

-

-206

-254

-21,377

388

2,162

-5,038

-7,171

-2,870

-3,059

-9,686

-7,220

998

-5,531

-20,454

-96,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Rights offering proceeds

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Senior Notes

-

-

-

0

-

-

0

-

-

-

9,880

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,145

-6,586

-6,597

-6,824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings under revolving loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-50,000

43,031

0

974

-4,000

0

0

10,000

-

-

-

-

-

-

-

-

Cash dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,555

6,741

6,604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

351

0

0

12,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of 6.375% senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

201,000

0

0

300,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of secured credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

157,726

0

1,030

1,244

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings under revolving loan facility

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings under revolving loan facilities

-

-

-

0

7,000

-25

58,468

10,000

16,000

24,194

15,000

8,000

11,000

12,000

16,000

-2,878

0

0

50,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings under loan facilities

0

0

0

0

0

0

2,000

0

-28,448

33,448

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing costs

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

0

2

228

862

1,000

-4,299

4,299

140

0

62

769

988

1,352

35

1,191

-

-

-

-

0

0

0

1,579

5,030

2,670

185

8,851

-

-

-

-

0

0

0

2,000

-

-

-

-

Repayment of 7.75% Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-79,742

-80,258

-

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment cost

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-99,393

0

0

101,667

-

18,334

8,333

8,333

-32,666

49,333

8,334

8,333

-

4,742

8,993

4,742

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,700

698

1,220

0

0

911

769

0

425

644

24

1

169

524

Proceeds from issuance of stock

-

-

-

0

0

0

0

75

78

106

121

125

174

221

307

259

265

234

288

217

-104

449

234

150

189

166

240

117

183

123

215

122

168

122

247

1,007

138

167

283

Net cash provided by financing activities

-

-

-

-

7,000

16,975

52,169

3,947

11,078

670

4,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

0

-2

-228

-862

-

-

-

-

-

-

-

-

-

12,186

15,116

-

-42,774

-11,363

43,509

-6,591

-6,377

-6,292

-20,338

79,253

40,550

-79,091

109,892

7,337

-18,151

-8,210

2,793

-17,443

1,835

-7,787

-9,442

-103,055

-4,603

-8,657

-3,935

Effect of exchange rate changes on cash

-82

-1,910

2,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-7,446

-7,883

-15,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-67

343

333

-96

-339

-5

-271

329

-26

-1,930

1,261

-1,392

-2,016

-803

220

98

205

657

-239

-2,267

806

714

-1,014

1,276

-356

-1,911

48

2,009

470

1,916

-978

-1,172

1,339

471

7,132

-220

Net (decrease) increase in cash and cash equivalents

-

-

-

-10,326

-2,656

-14,024

19,319

-957

-868

-9,022

-2,270

-9,233

-47,218

18,543

9,062

18,122

6,723

235

-34,861

22,389

-34,524

-46,387

-66,087

36,182

2,530

-75,688

93,334

15,851

-977

8,427

8,321

9,254

38,147

1,567

-43,852

-106,024

32,167

49,526

15,649

Supplemental cash flow information:
Interest paid, net of interest capitalized

2,470

2,319

2,216

1

3,109

1,834

756

27,794

-13,047

720

15,353

-335

15,396

-588

15,361

-1,536

16,216

-2,020

14,407

-1,201

12,382

-3,586

13,858

-521

9,567

293

8,251

2,455

9,525

1,225

8,468

5,376

6,840

783

8,286

1,978

7,977

2,011

8,044

Income taxes paid, net

193

510

234

0

73

516

613

-167

600

1,242

449

677

437

538

396

869

1,223

1,503

859

719

541

1,490

977

686

150

1,651

1,311

1,538

1,165

2,432

888

711

835

2,864

302

843

777

1,163

655