Company profile

Ticker
OII
Exchange
CEO
Roderick A. Larson
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
952628227

OII stock data

(
)

Calendar

4 Nov 19
11 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 497.65M 495.78M 493.89M 495.1M
Diluted EPS -0.26 -0.36 -0.25 -0.66
Operating income -5.19M -9.64M -21.71M -97.14M
Net change in cash -15.52M 14.08M -12.5M -12.89M
Cash on hand 340.32M 355.84M 341.76M 354.26M
Cost of revenue 448.59M 453.8M 466.3M 462.06M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 495.1M 1.92B 2.27B 3.06B
Diluted EPS -2.16 1.68 0.25 2.34
Operating income -145.48M 10.66M 70.76M 373.81M
Net change in cash -76.06M -19.88M 64.96M -45.48M
Cash on hand 354.26M 430.32M 450.19M 385.24M
Cost of revenue 1.78B 1.73B 1.99B 2.46B

Financial data from company earnings reports

Financial report summary

?
Management Discussion
  • Certain statements we make in this quarterly report on Form 10-Q are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding our expectations about:
  • These forward-looking statements are subject to various risks, uncertainties and assumptions, including those we have referred to under the headings "Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" in Part I of our annual report on Form 10-K for the year ended December 31, 2018. Although we believe that the expectations reflected in such forward-looking statements are reasonable, because of the inherent limitations in the forecasting process, as well as the relatively volatile nature of the industries in which we operate, we can give no assurance that those expectations will prove to have been correct. Accordingly, evaluation of our future prospects must be made with caution when relying on forward-looking information.
  • Our operating results for the third quarter of 2019 improved by $4.4 million over the immediately preceding quarter, largely due to increased contributions from our Subsea Products and Remotely Operated Vehicle ("ROV") segments, which were mostly offset by a lower contribution from our Advanced Technologies segment. Additionally, we had lower Unallocated Expenses, due to reduced performance-based compensation expenses in the third quarter. Our diluted earnings (loss) per share for the three- and nine-month periods ended September 30, 2019 were $(0.26) and $(0.87), respectively, as compared to $(0.67) and $(1.50) for the corresponding periods of 2018, and each of our operating segments, except Asset Integrity, contributed operating income year-to-date.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: accessory, adapt, Bay, Bengal, dayrate, discipline, frequently, gradual, modification, outweighing, pipe, pooling, riser, stricter, structure, vendor
Removed: AGV, anticipate, opening

Patents

APP
Utility
Subsea Automated Ultrasonic Testing
21 Nov 19
A condition of a flexible pipeline may be monitored by scanning a section of the flexible pipeline with an ultrasonic scanner and using the ultrasonic scanner to produce a first ultrasonic signal that penetrates the section of the flexible pipeline and is used to create a set of condition data indicative of a condition present near or within an annulus of the flexible pipeline, the condition comprising pressure on or within the flexible pipeline.
APP
Utility
Subsea Flowline Blockage Remediation Using Internal Heating Device
14 Nov 19
Coiled tubing may be placed inside a subsea flowline, such as with a subsea insertion tool, to remediate blockages in the flowline subsea.
APP
Utility
Subsea Flowline Blockage Remediation Using External Heating Device
14 Nov 19
External heating assembly 1 is usable to heat subsea flowline 100 and remediate a blockage in subsea flowline 100 and comprises a predetermined set of heaters 10; one or more conductive layers 20 configured to uniformly distribute heat over an exterior of subsea flowline 100; one or more insulating layers 30 adapted to shield subsea flowline 100, the predetermined set of heaters 10, and conductive layers 20 from ambient seawater temperature; an anchor; and a strength member.
APP
Utility
Subsea Computed Tomography system with flat panel detectors
14 Nov 19
A Computed Tomography (CT) system can be deployed by subsea vehicles such as remotely operated vehicles (ROVs) or by divers to perform CT inspections on a subsea structure.
APP
Utility
Underwater SCR Lifting Frame
24 Oct 19
An underwater steel catenary pipeline riser (SCR) lifting frame comprises a lift frame foundation and an SCR lifting frame comprising a lift frame interface adapted to be connected to the lift frame foundation; a foundation interface; a lift guide configured to accept the lift frame foundation; and a lift slidably disposed about the lift guide, the lift comprising an SCR pull head interface configured to be connected to an SCR pull head.