Oceaneering International Inc (OII) financial statements: income statement, balance sheet and cash flow

Oceaneering International Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Oceaneering International Inc reported revenue of $2.8B (+4.6% year on year) and net income of $353.8M (+139.9% year on year).

Income statement

Oceaneering International Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenue	$2.8B	$2.7B	$2.4B	$2.1B
Cost of services and products	$2.2B	$2.2B	$2.0B	$1.8B
Gross Margin	$568.4M	$485.5M	$399.0M	$307.4M
Selling, general and administrative expense	$263.9M	$239.2M	$217.6M	$196.5M
Income from Operations	$304.6M	$246.3M	$181.3M	$110.9M
Interest income	$14.5M	$12.1M	$15.4M	$5.7M
Interest expense, net of amounts capitalized	($37.0M)	($37.9M)	($36.5M)	($38.2M)
Equity earnings of unconsolidated affiliates	$1.0M	$929.0K	$2.1M	$1.7M
Other Nonoperating Expense	$2.8M	$3.5M	($1.2M)	($1.0M)
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax	$285.9M	$224.9M	—	—
Income Tax Expense (Benefit)	($67.9M)	$77.4M	$63.7M	$53.1M
Net Income	$353.8M	$147.5M	$97.4M	$25.9M
Basic Earnings per Share	$3.53	$1.46	$0.97	$0.26
Weighted Average Number of Shares Outstanding, Basic	100.2M	101.2M	100.7M	100.2M
Diluted Earnings per Share	$3.49	$1.44	$0.95	$0.26
Weighted Average Number of Shares Outstanding, Diluted	101.3M	102.4M	102.2M	101.4M

Oceaneering International Inc income statement, quarters

Line item	Sep 30, 2026 · Q3	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3
Revenue	$784.6M	$768.2M	$692.4M	$742.9M
Cost of services and products	$620.0M	$611.2M	$565.2M	$590.2M
Gross margin	$164.6M	$157.0M	$127.3M	$152.7M
Selling, general and administrative expense	$72.4M	$68.7M	$69.5M	$66.2M
Income (loss) from operations	$92.2M	$88.2M	$57.8M	$86.5M
Interest income	$5.8M	$4.9M	$5.1M	$3.7M
Interest expense, net of amounts capitalized	($8.8M)	($8.5M)	($9.1M)	($9.4M)
Equity in income (losses) of unconsolidated affiliates	$357.0K	$1.2M	$277.0K	$97.0K
Gain (Loss) on Extinguishment of Debt	($19.0M)	—	—	—
Other income (expense), net	($1.4M)	$182.0K	$808.0K	($1.0M)
Income (loss) before income taxes	$69.1M	$86.1M	$54.8M	$79.9M
Provision (benefit) for income taxes	$16.5M	$22.5M	$18.7M	$8.6M
Net income (loss)	$52.6M	$63.6M	$36.1M	$71.3M
Net Income (Loss) Attributable to Noncontrolling Interest	($56.0K)	($1.4M)	—	—
Net Income (Loss)	$52.6M	$65.0M	—	—
Basic (in shares)	99.5M	99.7M	99.5M	100.0M
Diluted (in shares)	100.8M	100.7M	100.6M	101.1M
Basic (in dollars per share)	$0.53	$0.65	$0.36	$0.71
Diluted (in dollars per share)	$0.52	$0.65	$0.36	$0.71

Balance sheet

Oceaneering International Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$688.9M	$497.5M	$461.6M	$568.7M
Accounts receivable, net of allowances for doubtful accounts	$308.5M	$303.6M	$331.3M	$296.6M
Contract with Customer, Asset, after Allowance for Credit Loss, Current	($216.8M)	($275.3M)	($234.5M)	($184.8M)
Inventory	$201.6M	$222.8M	$209.8M	$184.4M
Other Assets, Current	$96.6M	$88.7M	$68.5M	$62.5M
Total Current Assets	$1.5B	$1.4B	$1.3B	$1.3B
Property and Equipment, at cost	$2.2B	$2.2B	$2.3B	$2.4B
Less accumulated depreciation	$1.7B	$1.7B	$1.9B	$2.0B
Property, Plant and Equipment, Net	$451.7M	$420.1M	$424.3M	$438.4M
Goodwill	$51.0M	$49.4M	$34.2M	$34.3M
Other non-current assets	$129.3M	$144.3M	$137.3M	$122.2M
Operating Lease, Right-of-Use Asset	$349.8M	$334.7M	$337.6M	$139.6M
Deferred Income Taxes and Other Assets, Noncurrent	$173.1M	—	—	—
Assets, Noncurrent	$703.2M	$528.4M	$509.1M	$296.2M
Assets	$2.7B	$2.3B	$2.2B	$2.0B
Operating Lease, Liability, Noncurrent	$257.3M	$238.3M	$293.5M	$151.8M
Accounts payable	$174.7M	$181.5M	$156.1M	$148.0M
Accrued liabilities	$472.0M	$474.7M	$411.8M	$307.4M
Contract with Customer, Liability, Current	$115.0M	$140.7M	$164.6M	$113.0M
Total Current Liabilities	$761.7M	$796.9M	$732.5M	$568.4M
Long-term Debt	$487.4M	$482.0M	$477.1M	$701.0M
Other Long-term Liabilities	$84.2M	$98.8M	$101.9M	$84.7M
Common Stock, par value $0.25	$27.7M	$27.7M	$27.7M	$27.7M
Additional paid-in capital	$80.5M	$98.6M	$131.8M	$155.9M
Treasury Stock, Common, Value	($568.0M)	($555.4M)	($574.4M)	($605.6M)
Retained earnings	$1.9B	$1.6B	$1.4B	$1.3B
Accumulated other comprehensive income	($396.1M)	($429.4M)	($382.3M)	($386.1M)
Total Shareholders' Equity	$1.1B	$714.3M	$628.0M	$519.7M
Noncontrolling Interest in Variable Interest Entity	$6.1M	$6.1M	$6.1M	$6.1M
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$1.1B	$720.3M	$634.1M	$525.8M
Total Liabilities and Sharesholders' Equity	2.7B	2.3B	2.2B	2.0B

Oceaneering International Inc balance sheet, quarters

Line item	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025
Accounts receivable, net	$449.2M	$414.4M	$371.8M	$405.9M
Contract assets, net	$215.1M	$230.9M	$224.4M	$269.4M
Inventory, net	$177.3M	$197.7M	$208.2M	$218.1M
Other current assets	$114.6M	$107.8M	$105.0M	$102.4M
Cash and cash equivalents	$734.9M	—	—	—
Total Current Assets	$1.7B	$1.6B	$1.5B	$1.5B
Property and equipment, at cost	$2.2B	$2.1B	$2.2B	$2.2B
Property and equipment, at cost	$1.7B	$1.7B	$1.7B	$1.8B
Net property and equipment	$440.7M	$443.2M	$444.9M	$442.3M
Goodwill	$50.9M	$50.8M	$50.8M	$51.0M
Other Assets, Noncurrent	$157.6M	$154.6M	$136.1M	$165.6M
Right-of-use operating lease assets	$267.3M	$295.2M	$323.5M	$378.5M
Deferred Income Taxes and Other Assets, Noncurrent	$167.7M	$164.8M	$171.0M	—
Assets, Noncurrent, Other than Noncurrent Investments and Property, Plant and Equipment	$643.5M	$665.3M	$681.4M	$595.2M
Total Assets	$2.8B	$2.7B	$2.6B	$2.5B
Accounts payable	$166.7M	$151.3M	$176.3M	$170.9M
Accrued liabilities	$467.9M	$449.9M	$438.1M	$475.1M
Contract liabilities	$135.3M	$125.1M	$114.8M	$117.9M
Total current liabilities	$769.8M	$726.2M	$729.2M	$763.9M
Long-term debt	$491.4M	$490.2M	$488.8M	$486.0M
Long-term operating lease liabilities	$204.6M	$217.5M	$231.2M	$286.5M
Other long-term liabilities	$82.7M	$86.0M	$81.2M	$89.2M
Common Stock, shares issued (in shares)	110.8M	110.8M	110.8M	—
Common Stock, Value, Issued	$27.7M	$27.7M	$27.7M	$27.7M
Common Stock, shares authorized (in shares)	360.0M	360.0M	360.0M	360.0M
Common Stock, par value (in dollars per share)	$0.25	$0.25	$0.25	$0.25
Additional paid-in capital	$66.2M	$60.9M	$57.8M	$77.3M
Treasury Stock, Common, Value	($561.6M)	($556.6M)	($548.9M)	($558.4M)
Retained earnings	$2.1B	$2.0B	$2.0B	$1.7B
Accumulated other comprehensive loss	($390.2M)	($395.4M)	($392.5M)	($387.7M)
Oceaneering shareholders' equity	$1.2B	$1.2B	$1.1B	$907.7M
Noncontrolling interest	$4.6M	$4.6M	$6.1M	$6.1M
Total equity	$1.2B	$1.2B	$1.1B	$913.7M
Total Liabilities and Equity	$2.8B	$2.7B	$2.6B	$2.5B

Cash flow statement

Oceaneering International Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Income	$353.8M	$147.5M	$97.4M	$25.9M
Accounts receivable	$53.9M	($8.0M)	($83.1M)	($50.7M)
Inventory	$5.8M	($13.1M)	($25.4M)	($30.7M)
Currency translation effect on working capital	($21.9M)	($16.2M)	($18.2M)	($15.1M)
Capitalized cloud-based service contract costs	($17.0M)	—	—	—
Accounts payable and accrued liabilites	$72.0K	($14.7M)	$3.3M	$417.0K
Increase (Decrease) in Other Current Liabilities	($32.2M)	$8.7M	$125.7M	$67.3M
Increase (Decrease) in Other Noncurrent Liabilities	($12.4M)	($7.6M)	$18.7M	($5.7M)
Deferred income tax provision	($140.6M)	($11.3M)	($26.8M)	$829.0K
Inventory Write-down	$15.4M	—	—	$0
Net loss (gain) on dispositions of property and equipment	($3.3M)	$502.0K	($1.0M)	($1.1M)
Noncash compensation	$14.8M	$12.8M	$12.1M	$10.4M
Other Noncash Expense	$366.0K	$1.3M	$2.4M	—
Total adjustments to net income	($34.9M)	$55.7M	$112.6M	$94.9M
Cost, Depreciation and Amortization	$102.3M	$103.4M	$105.0M	$121.0M
Net Cash Provided by Operating Activities	$318.9M	$203.2M	$210.0M	$120.9M
Purchases of property and equipment	($111.0M)	($107.1M)	($100.7M)	($81.0M)
Payments to Acquire Debt Securities, Available-for-Sale	$0	($7.0M)	—	—
Proceeds from Sale of Equity Method Investments	$0	$11.8M	—	—
Distributions of capital from unconsolidated affiliates	$2.0M	$3.2M	$2.5M	$705.0K
Dispositions of property and equipment and life insurance proceeds	$8.9M	$217.0K	$7.8M	$6.5M
Payment for (Proceeds from) Other Investing Activity	$3.9M	$1.9M	($2.2M)	($3.0M)
Net Cash Used in Investing Activities	($96.2M)	($124.2M)	($86.4M)	($76.9M)
Repayments of Senior Debt	$0	$0	($400.0M)	$0
Purchases of treasury stock	($40.3M)	($20.0M)	—	—
Payments Related to Tax Withholding for Share-based Compensation	($5.3M)	($6.9M)	—	—
Payments of Debt Issuance Costs	$0	($112.0K)	—	—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	($45.6M)	($27.0M)	($227.3M)	($1.9M)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	$14.3M	($16.1M)	($3.5M)	($11.5M)
Net Increase (Decrease) in Cash and Cash Equivalents	$191.4M	$36.0M	($107.2M)	$30.6M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	$688.9M	$497.5M	$461.6M	$568.7M
Cash and Cash Equivalents-Beginning of Period	$497.5M	$461.6M	$568.7M	$538.1M
Cash and Cash Equivalents-End of Period	$688.9M	$497.5M	$461.6M	$568.7M

Oceaneering International Inc cash flow statement, quarters

Line item	Sep 30, 2026 · YTD	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD
Net income (loss)	$152.2M	$99.7M	$36.1M	$176.1M
Depreciation, Depletion and Amortization	$81.2M	$54.6M	$27.2M	$76.0M
Deferred income tax provision (benefit)	$6.1M	$9.5M	$3.6M	($4.0M)
Inventory Write-down	$8.3M	$8.3M	$0	$15.4M
Gain (Loss) on Extinguishment of Debt	$19.0M	—	—	—
Net loss (gain) on sales of property and equipment	$108.0K	$287.0K	($26.0K)	($2.5M)
Noncash compensation	$15.8M	$10.5M	$5.2M	$11.3M
Other Noncash Income (Expense)	$801.0K	$746.0K	$418.0K	($268.0K)
Increase (Decrease) in Accounts Receivable	($139.1M)	($119.9M)	($71.0M)	($96.4M)
Inventory	$15.9M	($4.5M)	($6.6M)	($10.7M)
Other operating assets	($17.8M)	($24.1M)	($8.8M)	($22.1M)
CapitalizedCloudBasedServiceContractCosts	($20.3M)	($14.6M)	($7.0M)	($11.4M)
Currency translation effect on working capital, excluding cash	$659.0K	($4.9M)	($1.8M)	$5.8M
Current liabilities	$37.0M	($21.4M)	($32.8M)	($29.1M)
Increase (Decrease) in Other Noncurrent Liabilities	($896.0K)	$1.8M	($3.5M)	($10.3M)
Total adjustments to net income (loss)	$6.9M	($103.6M)	($95.2M)	($78.4M)
Net Cash Provided by (Used in) Operating Activities	$159.1M	($3.9M)	($59.1M)	$97.7M
Payment for (Proceeds from) Other Investing Activity	$902.0K	$477.0K	$2.0M	$2.0M
Purchases of property and equipment	($61.7M)	($40.6M)	($17.4M)	($80.6M)
Distributions of capital from unconsolidated affiliates	$1.7M	$1.7M	—	$2.0M
Dispositions of property and equipment	$71.0K	—	$36.0K	$8.1M
Net Cash Provided by (Used in) Investing Activities	($59.0M)	($38.4M)	($15.3M)	($68.5M)
Proceeds from Debt, Net of Issuance Costs	$491.1M	—	—	—
Payment for Debt Extinguishment or Debt Prepayment Cost	($509.3M)	—	—	—
Payment, Tax Withholding, Share-Based Payment Arrangement	($8.6M)	($8.6M)	($8.8M)	($5.5M)
Payments for Repurchase of Common Stock	($15.1M)	($10.1M)	$0	($30.2M)
Proceeds from (Payment for) Other Financing Activity	($3.4M)	—	—	$0
Net Cash Provided by (Used in) Financing Activities	($45.2M)	($18.7M)	($8.8M)	($35.7M)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	($355.0K)	$1.6M	$1.8M	$15.0M
Net Increase (Decrease) in Cash and Cash Equivalents	$54.6M	($59.4M)	($81.4M)	$8.5M
Cash, Cash Equivalents and Restricted Cash—Beginning of Period	$688.9M	$688.9M	$688.9M	$497.5M
Cash, Cash Equivalents and Restricted Cash—End of Period	$743.5M	—	—	—

Oceaneering International Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.