McDERMOTT INTERNATIONAL, INC. MDR Income Statement

Mcdermott international, inc. (MDR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Revenues
1,906,000	2,110,000	2,121,000	2,137,000	2,063,000	2,073,000	2,289,000	1,735,000	608,000	717,569	959,000	789,000	519,431	641,798	558,543	706,627	729,032	667,418	805,857	1,046,537	550,463	806,400	414,595	476,083	603,811	517,338	686,856	647,250	807,488	995,953	1,028,745	889,248	727,678	816,175	879,894	849,801	899,240	539,622	732,095	627,144	504,882	-788,946	1,012,474	1,564,999	1,493,263	1,664,851
Costs and Expenses:
Cost of operations
1,853,000	2,160,000	2,173,000	1,949,000	1,928,000	2,156,000	1,986,000	1,486,000	476,000	-	774,000	650,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,445,749
Project intangibles and inventory-related amortization
3,000	12,000	7,000	10,000	5,000	-	30,000	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of operations
1,856,000	2,172,000	2,180,000	1,959,000	1,933,000	2,197,000	2,016,000	1,498,000	476,000	596,410	774,000	650,000	428,590	582,225	455,430	595,343	616,002	568,618	720,961	925,522	475,459	717,896	370,271	432,298	591,493	678,938	686,415	723,259	712,814	853,048	889,823	759,704	597,434	726,409	802,951	703,805	747,225	421,220	565,996	475,839	379,206	-577,180	855,235	1,275,058	1,228,622	-
Selling, general and administrative expenses
62,000	99,000	40,000	77,000	68,000	95,000	64,000	75,000	48,000	62,467	55,000	50,000	36,533	45,614	46,983	52,075	38,328	53,290	44,664	47,793	51,676	51,475	51,681	53,444	51,964	41,840	46,443	52,617	52,226	72,235	51,834	47,482	46,611	48,175	48,046	60,412	55,369	56,852	56,099	52,674	51,138	-135,701	59,175	153,195	141,394	139,512
Research and development expenses
2,000	17,000	9,000	8,000	2,000	-	8,000	5,000	-	1,520	2,000	1,000	480	-	69	99	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction costs
35,000	28,000	14,000	11,000	4,000	3,000	5,000	37,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and integration costs
14,000	11,000	14,000	20,000	69,000	28,000	31,000	63,000	12,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other intangibles amortization
8,000	33,000	21,000	22,000	11,000	-	25,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, plant and equipment impairment
884,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
91,000	-	1,370,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets impairment
3,000	-	143,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other asset impairments
-	-	18,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset disposals
-	-	-	-102,000	-	-	-1,000	-1,000	-	-	-	-	-	-	-	-	-	-	100	-1,910	367	-161	4,818	35,105	6,439	-292	763	13	14,716	123	85	-29	226	371	7,811	71	225	-	108	-	-	-	-	1,897	-	-138
Other operating expense, net
-	-	-	-	-	-	-	-	-	-	0	-211	2,211	-	-13,006	-2,122	-38,678	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment loss (recovery)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,808	-	-	-	-10,664	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,444	-	-	-	-	-	-	-
Loss on asset disposals and impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	226	2,080	-	121	-	-1,241	-
Restructuring expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,346	15,391	10,389	6,001	4,724	1,263	6,125	-	4,040	15,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
2,955,000	2,441,000	3,809,000	2,199,000	2,087,000	4,584,000	2,150,000	1,689,000	539,000	-	831,000	701,000	-	639,834	515,488	649,639	693,039	631,325	771,871	997,424	537,157	778,250	421,858	441,236	643,143	821,777	736,135	791,325	750,324	925,160	941,572	807,215	643,819	779,701	843,186	764,146	802,369	478,262	646,431	528,287	428,264	-713,018	914,289	1,426,356	1,371,257	1,585,399
Loss from investments in unconsolidated affiliates
-2,000	-	7,000	3,000	-	11,000	3,000	3,000	-4,000	-	-3,000	-3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated affiliates-related amortization
-	5,000	3,000	2,000	1,000	-	13,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating (loss) income
-	-	-1,684,000	-61,000	-	-2,499,000	129,000	49,000	65,000	40,961	125,000	85,000	56,039	1,964	43,055	56,988	35,993	24,101	33,986	49,113	13,306	33,797	-10,711	31,525	-38,209	-307,588	-52,654	-149,536	53,033	65,100	82,481	79,382	80,176	31,430	35,216	83,779	100,298	59,273	84,303	98,142	73,187	-97,186	97,589	147,740	131,206	91,973
Other expense:
Interest expense, net
-56,000	-435,000	-108,000	-100,000	-92,000	-89,000	-86,000	-72,000	-12,000	-11,294	-12,000	-22,000	-17,706	-17,676	-17,431	-12,655	-11,238	-11,879	-13,015	-12,985	-12,179	-10,346	-11,847	-38,745	61	-	363	-	-	-	-	-	-	-	152	263	-	-87	392	2,117	162	-	-	-	956	-
Reorganization items, net
246,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income (expense)-net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	428	342	-	996	1,585	1,634	259	319	292	449	356	314	335	490	-3,009	1,230	4,987	2,813	5,151
Gain (loss) on foreign currency, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,373	1,943	-1,468	-	-2,397	6,622	-4,082	982	4,460	8,904	2,526	8,957	488	1,256	9,441	3,590	504	1,372	-4,232	-	-	-	-	-	-	-	-	-
Other non-operating income, net
3,000	-8,000	0	-2,000	1,000	-43,000	1,000	-16,000	2,000	7,000	440	-3,000	560	4,005	5,237	-2,851	-3,391	-18,930	1,556	-359	-97	7,106	473	-312	-265	-4,152	1,062	-31	782	-707	242	51	-581	-399	-298	-117	-1,171	1,067	-3,460	722	-1,450	7,268	-1,554	-10,201	-10,770	-
Other income (expense) - net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,945
Total other expense, net
-299,000	-443,000	-108,000	-102,000	-91,000	-132,000	-85,000	-88,000	-10,000	-	-12,000	-25,000	-	-13,671	-12,194	-15,506	-14,629	-29,911	-12,832	-11,401	-13,744	-3,383	-13,771	-32,435	-4,286	2,102	5,885	9,301	-1,402	8,691	1,726	2,892	10,494	3,865	373	1,284	-4,954	-5,391	-3,538	-1,060	-1,122	5,215	-324	-5,214	-8,913	8,096
(Loss) income before provision for income taxes
-1,350,000	-755,000	-1,792,000	-163,000	-116,000	-2,631,000	44,000	-39,000	55,000	37,107	113,000	60,000	38,893	-11,707	30,861	41,482	21,364	-5,810	21,154	37,712	-438	30,414	-24,482	-910	-42,495	-305,486	-46,769	-140,235	51,631	73,791	84,207	82,274	90,670	35,295	35,589	85,063	95,344	53,882	80,765	97,082	72,065	-91,971	97,265	142,526	122,293	100,069
Income tax expense (benefit)
8,000	56,000	72,000	-49,000	-21,000	123,000	44,000	-84,000	21,000	16,229	19,000	23,000	10,771	-13,110	15,976	19,804	19,330	21,459	9,094	16,541	4,869	10,332	1,464	4,788	3,489	3,558	12,278	5,902	27,313	42,200	29,916	28,345	28,743	26,773	20,535	17,237	22,579	5,953	10,085	12,905	12,239	-47,262	19,300	44,645	43,878	-
Non-operating loss from investments in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	0	2,927	-1,000	-3,927	-1,156	1,507	127	-4,478	9,254	-4,526	-7,481	-6,741	-2,201	-3,448	-3,322	1,123	-3,149	-3,375	-5,461	-4,131	-5,693	-4,692	-2,651	-3,683	-5,044	-1,492	-1,876	3,427	-2,087	-1,361	-715	-3,431	-21,258	-596	9,097	9,200	12,521
Income before loss from Investments in Unconsolidated Affiliates
-	-	-	-	-	-	-	-	-	-	-	-	28,122	-	14,885	21,678	2,034	-27,269	12,060	21,171	-5,307	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Income Taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,271
Net loss from continuing operations
-1,358,000	-	-	-	-95,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155,445	54,291	53,929	-61,927	8,522	15,054	67,826	72,765	47,929	70,680	84,177	59,826	-	77,965	-	-	85,798
Gain on disposal of discontinued operation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	257	-	-	-	-	45	-32,936	-66,218	-24,202	-	-	-	-	-
Income from discontinued operation, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,240	2,663	1,187	3,610	1,662	-637	-7,094	63,561	32,581	-	42,051	-	-	-
Net (loss) income from discontinued operations
-14,000	-	-	-	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,497	-19,271	1,187	3,610	1,662	-592	-40,030	-2,657	8,379	-	42,051	-	-	-
Net loss
-1,372,000	-849,000	-1,864,000	-114,000	-57,000	-2,757,000	0	45,000	34,000	23,805	94,000	36,000	24,195	247	16,392	21,805	-2,444	-18,015	7,534	13,690	-12,048	12,234	-25,946	-5,698	-45,984	-309,044	-59,047	-146,137	24,318	31,591	54,291	53,929	65,424	-10,749	16,241	71,436	74,427	47,337	30,650	81,520	68,205	94,138	120,016	97,881	78,415	-
Less: Net income (loss) attributable to noncontrolling interests
6,000	-1,000	9,000	18,000	-1,000	14,000	-2,000	-2,000	-1,000	-2,000	-1,000	-279	2,279	840	284	1,148	-272	653	3,868	2,164	2,459	4,059	4,306	1,699	536	6,884	5,023	3,286	3,765	3,235	3,679	1,190	2,666	-780	5,290	4,108	4,007	2,449	9,847	5,486	8,264	-4,564	1,909	5,326	723	-
Net loss attributable to McDermott
-1,051,000	-848,000	-1,873,000	-132,000	-25,000	-2,771,000	2,000	47,000	35,000	26,084	95,000	36,000	21,916	-593	16,108	20,657	-2,172	-18,668	3,666	11,526	-14,507	8,175	-30,252	-7,397	-46,520	-315,928	-64,070	-149,423	20,553	28,356	50,612	52,739	62,758	-9,969	10,951	67,328	70,420	44,888	20,803	76,034	59,941	98,702	118,107	92,555	77,692	85,571
Dividends on redeemable preferred stock
3,000	14,000	10,000	10,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of redeemable preferred stock
1,000	4,000	4,000	4,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss attributable to common stockholders
-1,382,000	-866,000	-1,887,000	-146,000	-70,000	-2,775,000	2,000	47,000	35,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income per share attributable to common stockholders
Continuing operations
Basic earnings (loss) per share
Basic
-7.09	-	-	-	-0.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.63	0.09	0.13	0.21	0.22	0.25	0.05	0.04	0.27	0.29	0.20	0.26	0.34	0.22	-	0.33	-	-	227,000.00
Basic
-	-	-10.37	-0.80	-	-18.65	0.01	0.33	0.37	0.50	1.00	0.38	0.09	0.28	0.07	0.09	-0.01	-0.24	0.02	0.05	-0.06	0.04	-0.13	-0.03	-0.20	-1.34	-0.27	-0.63	0.09	0.13	0.21	0.22	0.27	-0.05	0.05	0.29	0.30	0.19	0.09	0.33	0.26	0.44	0.51	0.40	0.34	0.38
Diluted earnings (loss) per share:
Diluted
-7.09	-	-	-	-0.60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.27	-0.63	0.09	0.12	0.21	0.22	0.25	0.04	0.04	0.27	0.29	0.18	0.26	0.34	0.22	-	0.32	-	-	-
Discontinued operations
Basic
-0.07	-	-	-	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.09	0.01	0.02	0.01	-0.01	-0.17	-0.01	0.04	-	0.18	-	-	-
Diluted
-0.07	-	-	-	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.01	-0.09	0.01	0.02	0.01	-0.01	-0.17	-0.01	0.04	-	0.18	-	-	-
Diluted
-	-	-10.37	-0.80	-	-18.65	0.01	0.33	0.37	0.42	1.00	0.38	0.08	0.24	0.06	0.07	-0.01	-0.22	0.01	0.04	-0.06	0.04	-0.13	-0.03	-0.20	-	-	-0.63	0.09	0.13	0.21	0.22	0.26	-0.04	0.05	0.28	0.30	0.18	0.09	0.32	0.26	0.43	0.50	0.40	0.33	0.37
Shares used in the computation of net (loss) income per share
Basic
193,000	183,000	182,000	182,000	181,000	181,000	180,000	144,000	95,000	-66,829	95,000	94,000	241,829	-400,376	240,899	240,338	239,137	-396,776	238,594	238,332	237,504	237,130	237,429	237,395	236,961	237,659	236,257	236,199	235,941	235,847	235,817	235,681	235,208	235,041	234,940	234,573	233,841	233,351	232,670	231,847	230,824	230,306	229,989	229,273	228,314	227,440
Diluted
193,000	183,000	182,000	182,000	181,000	180,000	181,000	144,000	95,000	-91,285	95,000	94,000	282,285	-427,954	283,907	284,909	239,137	-490,337	280,797	289,689	237,504	237,130	237,429	237,395	236,961	234,401	236,257	236,199	239,199	237,818	237,867	237,460	237,332	236,924	236,947	237,544	236,745	237,040	236,271	234,423	234,753	234,500	234,314	233,105	232,586	230,463