McDermott International, Inc.

(NYSE:MDR)

View:
Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	614,348	678,641	800,600	1,001,394
Restricted Cash	68,517	70,025	79,347	64,786
Marketable Securities	226,792	299,786	348,186	300,092
Accounts Receivable	864,834	931,499	920,983	843,489
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	864,834	931,499	920,983	843,489
Raw Materials	88,683	80,763	67,087	65,857
Work in Progress	11,342	11,763	11,224	10,757
Purchased Components	—	—	—	—
Finished Goods	20,102	24,096	29,787	18,594
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	120,127	116,622	108,098	95,208
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	77,582	121,370	143,123	160,783
Other Current Assets	360,689	376,524	321,996	291,748
Total Current Assets	2,332,889	2,594,467	2,722,333	2,757,500
Land and Improvements	—	—	—	—
Building and Improvements	—	—	—	—
Machinery Furniture and Equipment	—	—	—	—
Construction in Progress	—	—	—	—
Other Fixed Assets	2,151,980	2,102,607	2,031,973	2,004,138
Total Fixed Assets	2,151,980	2,102,607	2,031,973	2,004,138
Gross Fixed Assets	2,151,980	2,102,607	2,031,973	2,004,138
Accumulated Depreciation and Depletion	1,147,745	1,130,256	1,101,097	1,090,400
Net Fixed Assets	1,004,235	972,351	930,876	913,738
Intangibles	—	—	—	—
Cost in Excess	175,144	165,288	165,212	158,533
Non Current Deferred Income Taxes	120,059	99,089	132,014	134,292
Other Non Current Assets	626,558	601,214	501,630	447,423
Total Non Current Assets	1,925,996	1,837,942	1,729,732	1,653,986
Total Assets	4,258,885	4,432,409	4,452,065	4,411,486
Liabilities
Current Liabilities
Accounts Payable	472,602	481,014	453,757	455,659
Notes Payable	9,331	6,692	6,771	6,599
Short Term Debt	—	—	—	—
Accrued Expenses	109,638	106,634	105,726	101,330
Accrued Liabilities	572,142	568,831	605,412	612,650
Deferred Revenues	—	—	1,379,739	1,463,223
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	1,101,789	1,281,456	53,267	57,071
Total Current Liabilities	2,265,502	2,444,627	2,604,672	2,696,532
Non Current Liabilities
Long Term Debt	6,007	6,296	6,368	10,609
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	403,450	469,388	518,049	537,340
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	2,674,959	2,920,311	3,129,089	3,244,481
Total Liabilities	409,457	475,684	524,417	547,949
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,583,926	1,512,098	1,322,976	1,167,005
Common Par	233,620	233,421	232,567	231,723
Additional Paid in Capital	1,191,712	1,175,701	1,167,370	1,145,829
Cumulative Translation Adjustment	—	—	28,708	25,328
Retained Earnings	521,589	436,018	258,479	135,289
Treasury Stock	-63,045	-63,045	-63,806	-63,903
Other Equity Adjustments	-299,950	-269,997	-300,342	-307,261
Total Capitalization	1,589,933	1,518,394	1,329,344	1,177,614
Cash Flow	721,182	797,549	744,813	754,774
Working Capital	67,387	149,840	117,661	60,968
Free Cash Flow	-330,200	-206,833	-112,213	749,202
Invested Capital	1,589,933	1,518,394	1,329,344	1,177,614
Total Equity	1,583,926	1,512,098	1,322,976	1,167,005
Total Liabilities and Stock Equity	4,258,885	4,432,409	4,452,065	4,411,486

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	1,001,394	600,843	19,452	259,319
Restricted Cash	64,786	106,674	152,086	111,455
Marketable Securities	300,092	172,171	384,209	—
Accounts Receivable	843,489	985,829	322,435	333,704
Loans Receivable	—	—	—	—
Other Receivable	—	—	73,799	72,355
Receivables	843,489	985,829	396,234	406,059
Raw Materials	65,857	56,955	—	—
Work in Progress	10,757	7,453	—	—
Purchased Components	—	—	—	—
Finished Goods	18,594	13,361	—	—
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	95,208	77,769	—	—
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	160,783	180,234	32,131	9,813
Other Current Assets	291,748	16,958	8,987	13,277
Total Current Assets	2,757,500	2,140,478	993,099	799,923
Land and Improvements	—	14,883	11,649	11,717
Building and Improvements	—	217,832	118,288	114,318
Machinery Furniture and Equipment	—	1,197,053	947,923	925,236
Construction in Progress	—	95,419	49,754	36,043
Other Fixed Assets	2,004,138	—	—	—
Total Fixed Assets	2,004,138	1,525,187	1,127,614	1,087,314
Gross Fixed Assets	2,004,138	1,525,187	1,127,614	1,087,314
Accumulated Depreciation and Depletion	1,090,400	1,011,693	800,405	780,225
Net Fixed Assets	913,738	513,494	327,209	307,089
Intangibles	—	—	12,926	—
Cost in Excess	158,533	89,226	—	12,926
Non Current Deferred Income Taxes	134,292	260,341	93,880	—
Other Non Current Assets	447,423	590,648	241,172	266,994
Total Non Current Assets	1,653,986	1,453,709	675,187	587,009
Total Assets	4,411,486	3,594,187	1,668,286	1,386,932
Liabilities
Current Liabilities
Accounts Payable	455,659	1,523,212	122,733	169,415
Notes Payable	6,599	257,492	4,250	12,009
Short Term Debt	—	—	—	—
Accrued Expenses	101,330	—	—	—
Accrued Liabilities	612,650	648,101	272,192	324,602
Deferred Revenues	1,463,223	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	57,071	50,776	364,118	235,665
Total Current Liabilities	2,696,532	2,479,581	763,293	741,691
Non Current Liabilities
Long Term Debt	10,609	15,242	207,861	268,011
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	537,340	710,984	780,430	638,673
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	3,244,481	3,205,807	1,751,584	1,648,375
Total Liabilities	547,949	726,226	988,291	906,684
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,167,005	388,380	-83,298	-261,443
Common Par	231,723	113,897	73,858	69,561
Additional Paid in Capital	1,145,829	1,214,282	1,183,123	1,122,055
Cumulative Translation Adjustment	25,328	11,404	—	—
Retained Earnings	135,289	-513,607	-862,931	-1,060,908
Treasury Stock	-63,903	-60,581	-56,496	-64,625
Other Equity Adjustments	-307,261	-377,015	-420,852	-327,526
Total Capitalization	1,177,614	403,622	124,563	6,568
Cash Flow	754,774	403,299	242,243	101,932
Working Capital	60,968	-339,103	229,806	58,232
Free Cash Flow	749,202	259,638	187,541	29,662
Invested Capital	1,177,614	403,622	124,563	6,568
Total Equity	1,167,005	388,380	-83,298	-261,443
Total Liabilities and Stock Equity	4,411,486	3,594,187	1,668,286	1,386,932