Mcdermott international, inc. (MDR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities:
Net loss

-2,884,000

-2,678,000

178,000

36,000

-8,839

-65,394

-489,910

205,235

151,355

227,712

390,450

429,501

607,921

(Income) loss from discontinued operations, net of tax

-

-

-

-

-

-

-

3,497

-12,812

-34,900

180,898

368,653

-

Income (loss) from continuing operations before discontinued operations and noncontrolling interests

-

-

-

-

-

-

-

201,738

164,167

262,612

209,552

60,848

-

Adjustments to reconcile net loss to cash flows from operating activities:
Goodwill impairment

1,430,000

2,168,000

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

267,000

279,000

101,000

103,000

118,281

93,185

84,580

86,440

82,391

76,452

79,867

72,555

95,989

Loss on disposal of APP

-101,000

-

-

-

-

-

-

-

-

-

-

-

-

Pension (gain) expense

-

-

-

-

-

4,291

3,865

-

-

-

-

-

-

Debt issuance cost amortization

313,000

36,000

13,000

13,000

12,767

22,915

3,715

-

-

-

-

-

-

Intangible assets impairment

162,000

-

-

-

-

-

-

-

-

-

-

-

-

Other asset impairments

18,000

58,000

1,000

55,000

6,808

-9,002

84,482

-

-

-

-

-

-

Drydock amortization

-

-

-

-

-

19,719

18,467

25,545

24,567

-

-

-

-

Stock-based compensation charges

20,000

44,000

23,000

23,000

16,593

18,565

21,100

15,369

17,825

16,458

12,987

-

-

(Gain) loss on foreign currency, net

-

-

-

-

-

10,310

13,247

23,116

-

-

-

-

-

Restructuring expense (gain)

-

-

-

-

-

-2,310

18,044

-

-

-

-

-

-

Income (loss) of investees, less dividends

-

-

-

-

-

-

-

-

-

-

-

-

-120

Loss (gain) on asset disposals

-

-

-

-

-

46,201

15,200

405

8,478

2,440

1,699

-

-

Equity in loss of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-3,661

-

Deferred taxes

12,000

21,000

7,000

-3,000

-

891

-5,359

3,847

1,650

1,830

5,252

2,180

89,624

Loss on asset impairments

-

-

-

-

-

-

-

-

5,488

24,660

-785

2,599

8,371

Loss from investments in Unconsolidated Affiliates

-

-

-

-

-21,486

-7,848

-16,116

-16,719

-4,985

-7,594

-3,557

-

-

Actuarial pension loss (gain)

6,000

47,000

-5,000

-3,000

19,821

-1,861

-30,828

-

-

-

27,352

16,758

50,957

Tax expense (benefits) from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

9,786

877

Other non-cash items

-

-

6,000

13,000

-19,948

-686

2,164

-6,837

-18,096

-13,307

-32,151

58,749

21,726

Changes in operating assets and liabilities, net of effects of businesses acquired (disposed):
Accounts receivable

205,000

-300,000

-91,000

89,000

82,697

-166,385

-30,156

5,920

152,840

6,457

-25,871

-83,197

82,105

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-255,165

Contracts in progress, net of advance billings on contracts

627,000

278,000

450,000

-144,000

113,338

10,695

-171,397

351,604

151,157

-182,472

295,110

-395,818

-382,184

Inventory

24,000

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

497,000

-156,000

105,000

-102,000

78,646

-154,439

-17,493

84,430

71,291

-38,536

-8,054

63,180

40,384

Other current and non-current assets

16,000

-63,000

22,000

-21,000

-

-

-

-

-

-

-

-

-

Investments in unconsolidated affiliates

12,000

9,000

-14,000

-4,000

-

-

-

-

-

-

-

-

-

Other current and non-current liabilities

-34,000

34,000

86,000

-11,000

-

-

-

-

-

-

-

-

-

Accrued and other current liabilities

-

-

-

-

-33,969

-2,801

-22,155

36,922

56,049

40,110

-57,311

-30,024

-14,305

Income taxes

-

-

-

-

-

-4,668

-54,431

22,832

17,138

84,269

5,882

37,015

-13,216

Pension liability and accrued postretirement and employee benefits

-

-

-

-

-

-

-

34,847

-83,263

-106,338

41,101

-137,621

-74,365

Other assets and liabilities, net

-

-

-

-

235

11,262

50,016

-55,303

-29,537

197,871

-103,450

-72,809

33,883

Total cash provided by operating activities

-

-

-

-

55,272

6,960

-

209,784

97,446

384,327

185,633

-104,896

-

NET CASH USED IN OPERATING ACTIVITIES-DISCONTINUED OPERATIONS

-

-

-

-

-

-

-

-

-1,426

-44,153

232,441

55,929

-

Total cash used in operating activities

-976,000

-71,000

136,000

178,000

-

-

-256,611

-

96,020

340,174

-

-

1,316,948

Cash flows from investing activities:
Sales and maturities of available-for-sale securities

-

-

-

-

-

12,978

43,959

191,298

693,424

1,363,803

331,474

-

-

Purchases of available-for-sale securities

-

-

-

-

-

3,695

10,535

95,964

546,822

1,491,329

154,337

-

-

Net decrease in available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-61,211

159,350

Business combinations, net of cash acquired

7,000

2,374,000

-

-

-

-

-

-

-

-

-

1,062

334,457

Proceeds from asset disposals, net

83,000

69,000

56,000

2,000

10,724

71,961

37,386

3,291

9,943

2,870

2,761

4,018

11,223

Purchases of property, plant and equipment

92,000

86,000

119,000

228,000

102,851

321,187

283,962

286,310

282,621

186,862

186,518

205,447

233,289

Advances related to proportionately consolidated consortiums

258,000

241,000

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash and cash equivalents

-

-

-

-

-

-

5,536

-3,846

-175,899

142,853

10,718

-15,753

-41,888

Investments in unconsolidated affiliates

4,000

16,000

2,000

5,000

7,038

2,420

9,354

5,084

1,058

32,550

13,484

-

4,600

Other

-

-

-

-

-3,593

2,706

3,113

0

-

-

28,427

2,996

96

Issuance of common stock

-

-

-

-

-

327

68

215

-

-

-

9,624

15,219

Acquisition of Noncontrolling interest

-

-

-

-

24

32,943

-

-

-

-

-

-

-

Total cash used in investing activities

-

-

-

-

-95,572

-245,069

-

-188,923

48,765

-486,921

-59,249

-128,523

-

NET CASH PROVIDED BY INVESTING ACTIVITIES - DISCONTINUED OPERATIONS

-

-

-

-

-

-

-

60,671

-

-65,084

-51,598

-291,849

-

Total cash used in investing activities

-278,000

-2,648,000

-65,000

-231,000

-

-

-231,155

-128,252

48,765

-552,005

-

-

-678,681

Cash flows from financing activities:
Payment of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

255,749

Increase in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

0

Revolving credit facility borrowings

2,451,000

-

-

-

-

-

-

-

-

-

-

-

-

Revolving credit facility repayments

1,650,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt

800,000

3,560,000

-

-

-

1,328,875

296,000

19,034

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

46,987

3,423

-

-

-

Repayment of debt and finance lease obligations

39,000

545,000

235,000

103,000

-

-

-

-

-

-

-

-

-

Proceeds from issuance of redeemable preferred stock

-

290,000

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to holders of redeemable preferred stock

-

3,000

-

-

-

-

-

-

-

-

-

-

-

Advances related to equity method joint ventures and proportionately consolidated consortiums

-237,000

-158,000

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

26,938

298,534

310,146

10,061

8,606

8,540

4,106

4,248

-

Debt and letter of credit issuance costs

160,000

217,000

21,000

9,000

170

39,112

4,905

-

-

-

105

1,756

3,625

Redeemable preferred stock issuance costs

-

18,000

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment costs

-

10,000

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

4,000

14,000

7,000

4,000

1,038

1,707

1,106

2,898

10,092

15,715

6,531

-

-

Tax (expense) benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

9,786

877

Cash contribution from The Babcock & Wilcox Company

-

-

-

-

-

-

-

-

-

100,000

-

-

-

Debt issuance cost

-

-

-

-

-

-

-

-52

-4,476

3,076

-

-

-

Acquisition of NCI

-

-

11,000

-

-

6,352

13,743

20,135

-

-

-

-

-

Distributions to joint venture members

43,000

-

1,000

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

2,524

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

6,534

-2

4

Total cash used in financing activities

-

-

-

-

-28,170

950,554

-

-13,793

21,289

76,092

-4,208

13,404

-

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-DISCONTINUED OPERATIONS

-

-

-

-

-

-

-

-

1,426

-109,600

-1,728

52,055

-

Total cash provided by financing activities

1,624,000

3,201,000

-275,000

-116,000

-

-

-33,832

-

22,715

-33,508

-

-

-243,274

Effects of exchange rate changes on cash, cash equivalents and restricted cash

-22,000

-45,000

-

-1,000

-2,779

-1,905

153

1,554

-109

-80

1,096

-998

5,558

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

348,000

437,000

-204,000

-170,000

-71,249

-

-

-

-

-

189,349

-193,732

-

Supplemental Cash Flow Information:
Cash paid for interest

283,000

212,000

50,000

47,000

40,690

28,390

-

-

-

-

-

8,328

28,066

Cash paid for income taxes, net

96,000

141,000

45,000

38,000

40,560

26,661

105,444

89,451

67,970

52,946

-7,928

53,686

-208,194

Supplemental Disclosure of Noncash Investing Activities:
Assets acquired through capital lease

-

72,000

-

-

-

-

-

-

-

-

-

-

-

Non-cash purchase (sale) of investments in unconsolidated affiliates

-

-

-

-12,000

2,396

-

-

-

-

-

-

-

-

Supplemental Disclosure of Noncash Financing Activities:
Capital lease

-

72,000

-

-

-

3,407

-

-

-

-

-

-

-

Vendor equipment financing

-

-

16,000

-

-

-

-

-

-

-

-

-

-

Note payable in connection with noncontrolling interest distribution

-

-

-5,000

5,000

-

-

-

-

-

-

-

-

-

Non-cash acquisition of noncontrolling interest

-

-

-

18,000

-

11,136

-

-

-

-

-

-

-

EFFECTS OF EXCHANGE RATE CHANGES ON CASH

-

-

-

-

-

-

-

-

-

-

10,234

-9,867

-

TRANSFER OF CASH TO THE BABCOCK & WILCOX COMPANY

-

-

-

-

-

-

-

-

-

-250,388

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-521,445

69,293

167,391

-495,807

123,272

-221,013

400,551

Structured Equipment Financing [Member]
Revolving credit facility borrowings

32,000

-

-

-

-

-

-

-

-

-

-

-

-