OCEANEERING INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
OII$34.85+1.8%Stored close · as of Nov 9, 2026
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Selected Balance Sheet Information
- SELECTED BALANCE SHEET INFORMATION
The following is information regarding selected balance sheet accounts:
| December 31, | ||
|---|---|---|
| (in thousands) | 2023 | 2022 |
| Inventory, net: | ||
| Manufactured Products | $104,364 | $91,896 |
| Subsea Robotics | 87,356 | 81,701 |
| Other inventory | 18,078 | 10,778 |
| Total | $209,798 | $184,375 |
| Other current assets: | ||
| Prepaid expenses | $68,464 | $56,170 |
| Angolan bonds | — | 6,369 |
| Total | $68,464 | $62,539 |
| Other noncurrent assets: | ||
| Cash surrender value of life insurance policies | $36,588 | $33,012 |
| Investment in unconsolidated affiliates | 30,455 | 30,049 |
| Income tax receivable | — | 20,170 |
| Deferred tax asset | 26,021 | — |
| Intangible assets, net | 21,182 | 11,517 |
| Other | 23,040 | 27,476 |
| Total | $137,286 | $122,224 |
| Accrued liabilities: | ||
| Payroll and related costs | $154,507 | $122,380 |
| Current operating lease liability | 78,117 | 19,580 |
| Accrued job costs | 56,112 | 57,310 |
| Income taxes payable | 55,990 | 44,966 |
| Accrued interest | 12,667 | 10,180 |
| Other | 54,388 | 53,030 |
| Total | $411,781 | $307,446 |
| Other long-term liabilities: | ||
| Supplemental Executive Retirement Plan | $35,679 | $29,635 |
| Uncertain tax positions | 27,093 | 10,869 |
| Long-Term Incentive Plan | 12,727 | 14,479 |
| Deferred income taxes | 1,033 | 2,228 |
| Other | 25,375 | 27,439 |
| Total | $101,907 | $84,650 |
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