OCEANEERING INTERNATIONAL INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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Leases
- LEASES
Supplemental information about our operating leases follows:
| December 31, | |||||
|---|---|---|---|---|---|
| (in thousands) · 2025 · 2024 | |||||
| Assets: | |||||
| Right-of-use operating lease assets | $349,751 | $334,721 | |||
| Liabilities: | |||||
| Current | $128,453 | $131,415 | |||
| Noncurrent | 257,269 | 238,325 | |||
| Lease liabilities | $385,722 | $369,740 | |||
| December 31, | ||
|---|---|---|
| 2025 · 2024 | ||
| Lease Term and Discount Rate: | ||
| Weighted-average remaining lease term (years) | 5.8 | 6.0 |
| Weighted-average discount rate | 6.0% | 5.9% |
No impairments of right-of-use operating leases were recorded in the years ended December 31, 2025 and 2024.
Operating lease cost reflects the lease expense resulting from amortization over the respective lease terms of our operating leases with initial lease terms greater than 12 months. Our short-term lease cost consists of expense for our operating leases with initial lease terms of 12 months or less that are not recorded on our balance sheet. The components of lease cost are as follows:
| Year ended December 31, | |||||
|---|---|---|---|---|---|
| (in thousands) · 2025 · 2024 | |||||
| Lease Cost: | |||||
| Operating lease cost | Operating lease cost | $148,255 | $134,708 | ||
| Short-term lease cost | Short-term lease cost | 49,392 | 56,477 | ||
| Total Lease Cost | $197,647 | $191,185 | |||
As of December 31, 2025, future maturities of lease liabilities for our operating leases with an initial lease term of more than 12 months were as follows:
| (in thousands) | |
|---|---|
| For the year ended December 31, | |
| 2026 | $145,945 |
| 2027 | 83,641 |
| 2028 | 57,991 |
| 2029 | 32,174 |
| 2030 | 26,182 |
| Thereafter | 107,145 |
| Total lease payments | 453,078 |
| Less: Interest | (67,356) |
| Present Value of Operating Lease Liabilities | $385,722 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.