Investor Presentaiton
Free Cash Flow
"Free Cash Flow" (FCF) is a non-GAAP financial measure. FCF represents cash flow provided by operating activities less organic capital
expenditures (i.e., purchases of property and equipment other than those in business acquisitions). Oceaneering's management believes
that this is an important measure because it represents funds available to reduce debt and pursue opportunities that enhance shareholder
value, such as making acquisitions and returning cash to shareholders through dividends or share repurchases.
For 3-Month Period Ended
Sep 30, 2023 Jun 30, 2023
(in thousands)
$
29,812
$ 19,002
For the Year Ended
Dec 31, 2022
(in thousands)
$ 25,941
Net Income (loss)
Non-cash adjustments:
Depreciation and
amortization
25,596
26,046
120,969
Other non-cash
6,381
2,923
8,542
Other increases (decreases) in
cash from operating activities
17,819
(27,520)
(34,569)
Cash flow provided by (used in)
operating activities
79,608
20,451
120,883
Purchases of property and
equipment
(25,945)
(22,428)
Free Cash Flow
$ 53,663
$ (1,977)
(81,043)
$ 39,840
ā
OCEANEERING
38View entire presentation