FORT LAUDERDALE, FL--(Marketwired - Apr 11, 2013) - On January 31, 2013, SEACOR Holdings Inc. ("SEACOR") (
For informational purposes, the accompanying consolidated balance sheets of SEACOR as of December 31, 2012, 2011, 2010, 2009 and 2008, and the related consolidated statements of income and cash flows for each of the five years in the period ended December 31, 2012, present Era Group as a discontinued operation in addition to the operations previously reported as discontinued in SEACOR's most recent Annual Report on Form 10-K filed with the SEC on February 27, 2013.
SEACOR is a global provider of equipment and services primarily supporting the offshore oil and gas and marine transportation industries. SEACOR offers customers a diversified suite of services including offshore marine, inland river and shipping. SEACOR is focused on providing highly responsive local service combined with the highest safety standards, innovative technology, modern, efficient equipment and dedicated professional employees. SEACOR is publicly traded on the New York Stock Exchange (NYSE) under the symbol CKH.
Certain statements discussed in this release as well as in other reports, materials and oral statements that the Company releases from time to time to the public constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as "anticipate," "estimate," "expect," "project," "intend," "believe," "plan," "target," "forecast" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements concern management's expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Actual events or results are subject to significant known and unknown risks, uncertainties and other important factors, including decreased demand and loss of revenues as a result of U.S. government implemented moratoriums directing operators to cease certain drilling activities and any extension of such moratoriums (the "Moratoriums"), weakening demand for the Company's services as a result of unplanned customer suspensions, cancellations, rate reductions or non-renewals of vessel charters or failures to finalize commitments to charter vessels in response to Moratoriums, increased government legislation and regulation of the Company's businesses could increase cost of operations, increased competition if the Jones Act is repealed, liability, legal fees and costs in connection with the provision of emergency response services, including the Company's involvement in response to the oil spill as a result of the sinking of the Deepwater Horizon in April 2010, decreased demand for the Company's services as a result of declines in the global economy, declines in valuations in the global financial markets and a lack of liquidity in the credit sectors, including, interest rate fluctuations, availability of credit, inflation rates, change in laws, trade barriers, commodity prices and currency exchange fluctuations, the cyclical nature of the oil and gas industry, activity in foreign countries and changes in foreign political, military and economic conditions, changes in foreign and domestic oil and gas exploration and production activity, safety record requirements related to Offshore Marine Services and Shipping Services, decreased demand for Shipping Services due to construction of additional refined petroleum product, natural gas or crude oil pipelines or due to decreased demand for refined petroleum products, crude oil or chemical products or a change in existing methods of delivery, compliance with U.S. and foreign government laws and regulations, including environmental laws and regulations, the dependence of Offshore Marine Services and Shipping Services on several customers, consolidation of the Company's customer base, the ongoing need to replace aging vessels, industry fleet capacity, restrictions imposed by the Shipping Acts on the amount of foreign ownership of the Company's Common Stock, operational risks of Offshore Marine Services and Shipping Services, effects of adverse weather conditions and seasonality, the level of grain export volume, the effect of fuel prices on barge towing costs, variability in freight rates for inland river barges, the effect of international economic and political factors in Inland River Services' operations, sudden and unexpected changes in commodity prices, futures and options, global weather conditions, political instability, changes in currency exchanges rates, and product availability in agriculture commodity trading and logistics activities, adequacy of insurance coverage, the attraction and retention of qualified personnel by the Company, and various other matters and factors, many of which are beyond the Company's control as well as those discussed in Item 1A (Risk Factors) of the Company's Annual report on Form 10-K. In addition, these statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995. It should be understood that it is not possible to predict or identify all such factors. Consequently, the following should not be considered to be a complete discussion of all potential risks or uncertainties. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the Securities and Exchange Commission, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any).
| SEACOR HOLDINGS INC. CONSOLIDATED BALANCE SHEETS (in thousands, unaudited) | ||||||||||||||||||
| December 31, | ||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||
| ASSETS | ||||||||||||||||||
| Current Assets: | ||||||||||||||||||
| Cash and cash equivalents | $ | 248,204 | $ | 381,482 | $ | 354,563 | $ | 451,041 | $ | 264,761 | ||||||||
| Restricted cash | 28,285 | 21,281 | 12,651 | 34,014 | 20,787 | |||||||||||||
| Marketable securities | 21,668 | 66,898 | 147,409 | 68,139 | 53,817 | |||||||||||||
| Receivables: | ||||||||||||||||||
| Trade, net of allowance for doubtful accounts | 224,944 | 231,288 | 216,297 | 231,698 | 204,814 | |||||||||||||
| Other | 45,334 | 43,631 | 63,442 | 68,817 | 33,680 | |||||||||||||
| Inventories | 25,787 | 12,958 | 9,927 | 36,837 | 44,716 | |||||||||||||
| Deferred income taxes | 3,530 | 9,007 | 4,127 | 3,158 | 4,363 | |||||||||||||
| Prepaid expenses and other | 12,719 | 7,311 | 7,729 | 6,470 | 6,559 | |||||||||||||
| Discontinued operations | 108,153 | 266,691 | 328,657 | 143,743 | 115,981 | |||||||||||||
| Total current assets | 718,624 | 1,040,547 | 1,144,802 | 1,043,917 | 749,478 | |||||||||||||
| Property and Equipment: | ||||||||||||||||||
| Historical cost | 2,238,383 | 1,986,731 | 1,873,001 | 2,050,713 | 1,988,093 | |||||||||||||
| Accumulated depreciation | (763,803 | ) | (665,553 | ) | (620,161 | ) | (586,118 | ) | (473,571 | ) | ||||||||
| 1,474,580 | 1,321,178 | 1,252,840 | 1,464,595 | 1,514,522 | ||||||||||||||
| Construction in progress | 110,296 | 119,479 | 70,123 | 57,738 | 97,145 | |||||||||||||
| Net property and equipment | 1,584,876 | 1,440,657 | 1,322,963 | 1,522,333 | 1,611,667 | |||||||||||||
| Investments, at Equity, and Advances to 50% or Less Owned Companies | 272,535 | 199,490 | 152,315 | 158,306 | 120,808 | |||||||||||||
| Construction Reserve Funds & Title XI Reserve Funds | 195,629 | 259,974 | 323,885 | 289,750 | 305,757 | |||||||||||||
| Goodwill | 17,978 | 56,702 | 53,413 | 46,205 | 43,119 | |||||||||||||
| Intangible Assets, Net | 15,305 | 21,528 | 19,745 | 23,430 | 28,250 | |||||||||||||
| Other Assets | 55,123 | 86,961 | 50,256 | 37,704 | 33,148 | |||||||||||||
| Discontinued Operations | 840,724 | 822,275 | 693,010 | 601,974 | 567,427 | |||||||||||||
| $ | 3,700,794 | $ | 3,928,134 | $ | 3,760,389 | $ | 3,723,619 | $ | 3,459,654 | |||||||||
| LIABILITIES AND EQUITY | ||||||||||||||||||
| Current Liabilities: | ||||||||||||||||||
| Current portion of long-term debt | $ |
 test123 kjk Scroll down for more posts ▼
Top 10 Most Recent News Articles
Hydden Welcomes Cybersecurity Veteran Charles Tango as CSOUnpacking Charles Tango's Move to Hydden Nobody expects cybersecurity to be a stroll in the park, and it looks like Hydden just upped its game by bringing in Charles Tango, a heavyweight turned strategy guru. You might not know him, but this guy's got a track record that shouldn’t be ignored—like a grizzled old prizefighter just itching for a new opponent. A Veteran... Continue Reading
Kaolin Market Surges to $8.89B by 2031: Key TrendsRiding the Kaolin Wave: Industrial Market Expansion You can't miss the sound of kaolin clinking in as it rides the tide of industrial demand. Reports from MarketsandMarkets™ have kaolin's party rocking all the way to a hefty $8.89 billion by 2031, up from $6.19 billion in 2026. With a sensible 7.5% compound annual growth rate (CAGR), this clay’s is aiming for the... Continue Reading
Laser Weapon Market to Double: Military Demand SurgesPew Pew: Lasers Are the Future of Defense Forget lightsabers, we've got something even flashier—a market that's going to double in worth by 2035. High-energy laser weapons are coming in hot, growing from USD 2.17 billion in 2026 to an estimated USD 4.54 billion by the end of 2035. That's no small potatoes! What's Driving This Beam Dream? The military is all about upping... Continue Reading
Coretek Joins CRN's Elite AI Innovators of 2026Coretek's Leap to AI Innovator Status Here we are, folks. Another announcement hits the wires that showcases a company's ascent amid the swelling AI tide. Coretek, hailing from Farmington Hills, managed to snag a spot on CRN's inaugural 2026 AI Innovators list. No small potatoes, if you ask me, considering the competition on this playing field. Why the fuss? It's about... Continue Reading
Segway Powersports Charges Ahead with MY27, iFUN 2.0Rolling Out Power and Tech at EICMA 2026 A real gearhead's delight rolled out at EICMA 2026, with Segway Powersports lighting up the stage showcasing their 2027 upgrades. If you're betting on somewhere as time-honored for two- and four-wheeling wonders as EICMA, you know stakes get real high. Segway's making noise with their MY27 lineup and a next-gen iFUN 2.0, aiming to... Continue Reading
Askey & Icom Team Up: Trading Airwaves for PartnershipsOld-School Radios Meet Cutting-Edge 5G When I hear about a company linking their old-school tech with shiny new 5G jazz, skepticism kicks in fast. But then comes this announcement: Askey and Icom America are joining forces to bring 5G networks with integrated two-way radio systems to various sectors—like a classic combo meal with a tech twist. The key audience? Utility... Continue Reading
NOVOS Trial Boosts Vascular Health: A New HorizonWatch Out, Aging: NOVOS Is Making Waves Aging ain't what it used to be, and longevity's becoming the golden chalice of the wellness world. Surrounded by a sea of questionably effective supplements, NOVOS, a biotech firm focused on prolonging the healthy years of life, steps up with some hard evidence. Their STAMINA trial, published in the European Heart Journal Open,... Continue Reading
Minghui and ASKA Seal Major Licensing Deal for MHB018ABreaking New Ground in Thyroid Eye Disease Treatment If there's one thing that keeps the biopharma world on its toes, it's the relentless pursuit of groundbreaking treatments. And folks, let me tell you, the latest tie-up between Minghui Pharmaceutical and ASKA Pharmaceutical has struck a chord. This union with MHB018A at its core might be one of those watershed moments... Continue Reading
A2Gold Tackles Tough Terrain at Eastside ProjectDrilling Challenges and Initial Observations Folks, it's a roller coaster out there—A2Gold just wrapped up a gritty round of drilling at their Eastside Gold-Silver Project near Tonopah, Nevada. They've punched through five reverse circulation (RC) holes, totaling 1,936 meters, all while battling tough conditions. You could say they've truly earned their stripes in the... Continue Reading
HashKey and AMBR Unite to Push AI Frontiers in FinanceShaping the Future with AI Integration In the whirlwind of innovation, there's always the ones braving the frontier, pushing the very boundaries of what we deem possible. Today, it's HashKey Capital and AMBR joining forces, marching into uncharted financial territories. This partnership is more than just a signature on a piece of paper; it's a declaration—a commitment... Continue ReadingTop 5 Most Recently Viewed Articles
Michelle Fermin Earns Place in Century 21 Hall of FameMichelle Fermin Inducted into the Hall of Fame In a remarkable recognition of her contributions to the real estate industry, Michelle Fermin from CENTURY 21 North East has been inducted into the prestigious Century 21 Dick Loughlin International Hall of Fame. This prestigious honor was announced during a recent Top Agent Retreat, showcasing her dedication and commitment... Continue Reading
Hallador Energy Secures Path to Expand Natural Gas CapacityHallador Energy's Strategic Move into Natural Gas Hallador Energy Company (Nasdaq: HNRG) has made significant strides lately by finalizing its application for the Expedited Resource Addition Study (ERAS) program. The application, crucial for its expansion into natural gas power generation, includes deposits totaling around $13 million, setting the stage for impressive... Continue Reading
Transforming Sales with Innovative AI Strategies for GrowthRevolutionizing Enterprise Sales with Cutting-Edge AI Across AI is setting a new standard for enterprise workflows by introducing next-generation agentic AI technology for sales teams. This innovative startup has secured significant seed funding to launch its groundbreaking AI-supported system designed to optimize sales processes. With funding led by prominent venture... Continue Reading
Rayonier Reveals Special Dividend Election Results and DetailsRayonier Inc. Special Dividend Election Update Rayonier Inc. (NYSE: RYN), a prominent player in the timberland sector, has recently shared important updates regarding its special dividend elections. This announcement will provide insights into shareholder options and the mechanics behind the forthcoming dividend distribution. The Company has set a dividend amount of $1.80... Continue Reading
Strategy Inc. Aims for $21 Billion in Preferred Stock OfferingStrategy Inc. Unveils Major Fundraising Initiative Strategy Inc. (NASDAQ: MSTR) has made headlines by announcing its intention to offer a substantial $21 billion in preferred stock. This bold move aims to gather necessary funds to bolster its ongoing strategy focused on Bitcoin acquisitions. By capitalizing on the cryptocurrency's growing popularity, the company seeks to... Continue Reading | ||||||||||||||||