国际海洋工程 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934to Commission File Number:1-10945____________________________________________OCEANEERING INTERNATIONAL, INC. (State or other jurisdiction of (Former name, former address and former fiscal year, if changed from last report)____________________________________________ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Table of Contents Financial InformationFinancial Statements Consolidated Balance SheetsConsolidated Statements of OperationsConsolidated Statements of Comprehensive Income (Loss) Consolidated Statements of Cash FlowsConsolidated Statements of EquityNotes to Consolidated Financial Statements Management’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market Risk Controls and Procedures Other Information Unregistered Sales of Equity Securities and Use of Proceeds (unaudited)Three Months Ended March 31, $27,709$94,270 The accompanying Notes are an integral part of these Consolidated Financial Statements. 6 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS1.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation.Oceaneering International, Inc. (“Oceaneering,” “we,” “our” or “us”) has prepared these unauditedconsolidated financial statements pursuant to instructions for quarterly reports on Form10-Q, which we are required to filewith the United States Securities and Exchange Commission (the “SEC”). These financial statements do not include allinformation and footnotes normally included in financial statements prepared in accordance with accounting principles are necessary to present fairly our financial position as of March31, 2025 and our results of operations and cash flows forthe periods presented. Except as otherwise disclosed herein, all such adjustments are of a normal and recurring nature.These financial statements should be read in conjunction with the consolidated financial statements and related notes Principles of Consolidation.The consolidated financial statements include the accounts of Oceaneering and our50% ormore owned and controlled subsidiaries. We also consolidate entities that are determined to be variable interest entities ifwe determine that we are the primary beneficiary; otherwise, we account for those entities using the equity method ofaccounting. We use the equity method to account for our investments in unconsolidated affiliated companies of which we are reflected on our consolidated balance sheets in other noncurrent assets. All significant intercompany accounts andtransactions have been eliminated in consolidation. reporting period. Actual results could differ from those estimates. original maturities of three months or less from the date of investment.Allowance for Credit Losses—Financial Assets Measured at Amortized Costs.We identify our allowance for credit We use the loss-rate method in developing the allowance for credit losses, which involves identifying pools of assets withsimilar risk characteristics, reviewing historical losses within the lastthree yearsand consideration of reasonable have material effects on future evaluations.We monitor the credit quality of our accounts receivable and other financing receivable amounts by frequent customerinteraction, following economic and industry trends and reviewing specific customer data. Our other receivable amountsinclude contract assets and held-to-maturity loans receivable, which we believe to have a low risk of loss. various counterparties. We have determined the impacts to our credit loss expense arede minimisfor the three-monthperiods ended March31, 2025 and 2024.As of March31, 2025, our allowance for credit losses was $1.7million for accounts receivable and $1.4million for other Financial assets are written off when deemed uncollectible and there is no reasonable expectation of recovering thecontractual cash flows. During the three-month period ended March31, 2025, we wrote off less than $0.1million in Accounts receivable are considered to be past due after the end of the contractual terms agreed to with the customer.There were no material past-due amounts that we consider uncollectible for our financial assets as of March31, 2025. Wegenerally do not require collateral from our customers.Inventory.Inventory is valued at the lower of cost or net realizable value. We determine cost using the weighted-average three-month period ended March31, 2025, we recorded an increase to our inventory reserve related to a write-down of$10million associated with our theme park ride business in our Manufactured Products segment.We did not record anywrite-downs or write-offs of inventory in the three-month period ended March31,