| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net revenues: | |||||||||||
Contracting services | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,076,349 | 1,568,221 |
Oil and gas | |||||||||||
- | - | - | - | - | - | - | - | - | - | 385,338 | 545,853 |
Net revenues | |||||||||||
751,909 | 739,818 | 581,383 | 487,582 | 695,802 | 1,107,156 | 876,561 | 846,109 | 702,000 | 774,469 | 1,461,687 | 2,114,074 |
Cost of sales: | |||||||||||
Cost of sales | |||||||||||
- | - | - | - | 584,566 | 763,120 | 615,876 | 619,059 | 545,753 | 605,575 | 854,975 | 1,135,429 |
Asset impairments | |||||||||||
- | - | - | - | 345,010 | 0 | 0 | 177,135 | 6,564 | 4,077 | - | - |
Oil and gas | |||||||||||
- | - | - | - | - | - | - | - | - | - | 218,617 | 357,853 |
Oil and gas property impairments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 120,550 | 215,675 |
Exploration expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | 24,383 | 32,926 |
Cost of sales | |||||||||||
614,071 | 618,134 | 519,217 | 441,066 | 929,576 | 763,120 | 615,876 | 796,194 | 552,317 | 609,652 | 1,218,525 | 1,741,883 |
Gross profit | |||||||||||
137,838 | 121,684 | 62,166 | 46,516 | -233,774 | 344,036 | 260,685 | 49,915 | 149,683 | 164,817 | 243,162 | 372,191 |
Goodwill impairment | |||||||||||
- | - | - | 45,107 | 16,399 | 0 | 0 | - | - | 16,743 | - | 704,311 |
Loss on commodity derivative contracts | |||||||||||
- | - | - | - | - | - | -14,113 | -10,507 | - | - | - | - |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | |||||||||||
0 | 146 | -39 | 1,290 | 92 | 10,240 | 14,727 | -13,476 | -6 | 9,118 | 2,019 | 73,471 |
Ineffectiveness on oil and gas derivative contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | 89,485 | 21,599 |
Selling, general and administrative expenses | |||||||||||
69,841 | 70,287 | 63,257 | 65,934 | 57,279 | 92,520 | 82,265 | 94,415 | 86,637 | 106,113 | 130,851 | 177,172 |
Income (loss) from operations | |||||||||||
67,997 | 51,543 | -1,130 | -63,235 | -307,360 | 261,756 | 179,034 | -68,483 | 63,040 | 51,079 | 203,815 | -414,222 |
Equity in losses of investment | |||||||||||
1,439 | -3,918 | -2,368 | -2,166 | -124,345 | 879 | 2,965 | 8,434 | 22,215 | 19,469 | 32,329 | 31,854 |
Net interest expense | |||||||||||
-8,333 | -13,751 | -18,778 | -31,239 | -26,914 | -17,859 | -32,898 | -48,160 | 70,181 | 65,589 | 56,733 | 92,448 |
Other than temporary loss on equity investments | |||||||||||
- | - | - | - | - | - | - | - | 10,563 | 2,240 | - | - |
Gain on investment in Cal Dive common stock | |||||||||||
- | - | - | - | - | - | - | - | - | - | 77,343 | 0 |
Gain (Loss) on Extinguishment of Debt | |||||||||||
-18 | -1,183 | -397 | -3,540 | 0 | 0 | -12,100 | -17,127 | -2,354 | - | - | - |
Other income (expense), net | |||||||||||
1,165 | -6,324 | -1,434 | 3,510 | -24,310 | 814 | 6 | -662 | -1,147 | -1,049 | 5,238 | -18,650 |
Royalty income and other | |||||||||||
3,306 | 4,631 | 3,735 | - | - | - | - | - | - | - | - | - |
Other income – oil and gas | |||||||||||
- | - | - | 2,755 | 4,759 | 16,931 | 6,581 | - | - | - | - | - |
Income (loss) before income taxes | |||||||||||
65,556 | 30,998 | -20,372 | -93,915 | -478,170 | 262,521 | 143,588 | -125,998 | 1,010 | 1,670 | 261,992 | -493,466 |
Income tax provision (benefit) | |||||||||||
7,859 | 2,400 | -50,424 | -12,470 | -101,190 | 66,971 | 31,612 | -59,158 | -36,806 | 19,166 | 95,822 | 86,779 |
Net income (loss) from continuing operations | |||||||||||
- | - | - | - | - | - | 111,976 | -66,840 | 37,816 | -17,496 | 166,170 | -580,245 |
Income from discontinued operations, net of tax | |||||||||||
- | - | - | - | - | - | 1,073 | 23,684 | 95,221 | -106,657 | 9,581 | -9,812 |
Net income (loss) | |||||||||||
57,697 | 28,598 | 30,052 | - | - | 195,550 | 113,049 | -43,156 | 133,037 | -124,153 | 175,751 | -590,057 |
Net loss attributable to redeemable noncontrolling interests | |||||||||||
-222 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Less net income applicable to noncontrolling interests | |||||||||||
- | - | - | - | - | 503 | 3,127 | 3,178 | 3,098 | 2,835 | 19,697 | 45,873 |
Preferred stock dividends | |||||||||||
- | - | - | - | - | - | - | - | - | 114 | 748 | 3,192 |
Preferred stock beneficial conversion charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | 53,439 | 0 |
Net income (loss) applicable to common shareholders | |||||||||||
- | - | - | - | - | 195,047 | 109,922 | -46,334 | 129,939 | -127,102 | 101,867 | -639,122 |
Net Income (Loss) Attributable to Parent | |||||||||||
57,919 | 28,598 | 30,052 | -81,445 | -376,980 | - | - | - | - | -126,988 | 156,054 | -635,930 |
Earnings (loss) per share of common stock (in dollars per share) | |||||||||||
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 1.03 | -0.67 | 0.33 | -0.19 | 0.92 | -6.94 |
Discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 0.01 | 0.23 | 0.90 | -1.03 | 0.09 | -0.11 |
Basic | |||||||||||
0.39 | 0.19 | 0.20 | -0.73 | -3.58 | 1.85 | 1.04 | -0.44 | 1.23 | -1.22 | 1.01 | -7.05 |
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 1.03 | -0.67 | 0.33 | -0.19 | 0.87 | -6.94 |
Discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | - | 0.01 | 0.23 | 0.90 | -1.03 | 0.09 | -0.11 |
Diluted | |||||||||||
0.38 | 0.19 | 0.20 | -0.73 | -3.58 | 1.85 | 1.04 | -0.44 | 1.23 | -1.22 | 0.96 | -7.05 |
Weighted average common shares outstanding (in shares) | |||||||||||
Basic | |||||||||||
147,536 | 146,702 | 145,295 | 111,612 | 105,416 | 105,029 | 105,032 | 104,449 | 104,528 | 103,857 | 99,136 | 90,650 |
Diluted | |||||||||||
149,577 | 146,830 | 145,300 | 111,612 | 105,416 | 105,045 | 105,184 | 104,449 | 104,953 | 103,857 | 105,720 | 90,650 |