GULFMARK OFFSHORE INC

CIK:0001030749|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue	$ 27,814		$ 78,633
Costs and expenses:
Direct operating expenses	19,117		61,114
Drydock expense
General and administrative expenses	7,504		21,658
Pre-petition restructuring charges
Depreciation and amortization	9,193		27,136
(Gain) loss on sale of assets	2		(201)
Total costs and expenses	35,816		109,707
Operating loss	(8,002)		(31,074)
Other income (expense):
Interest expense	(3,076)		(8,671)
Interest income	81		294
Reorganization items			(422)
Foreign currency transaction gain (loss) and other	(150)		(742)
Total other income (expense)	(3,145)		(9,541)
Loss before income taxes	(11,147)		(40,615)
Income tax (provision) benefit	(8)		647
Net loss	$ (11,155)		$ (39,968)
Loss per share:
Basic (in dollars per share)	$ (1.12)		$ (4)
Diluted (in dollars per share)	$ (1.12)		$ (4)
Weighted average shares outstanding:
Basic (in shares)	9,998		9,998
Diluted (in shares)	9,998		9,998
Predecessor [Member]
Revenue		$ 25,805		$ 74,805
Costs and expenses:
Direct operating expenses		20,431		58,991
Drydock expense		1,138		5,694
General and administrative expenses		8,579		26,960
Pre-petition restructuring charges		50		17,837
Depreciation and amortization		13,843		40,990
(Gain) loss on sale of assets		(34)		5,207
Total costs and expenses		44,007		155,679
Operating loss		(18,202)		(80,874)
Other income (expense):
Interest expense		(3,192)		(27,344)
Interest income		9		25
Reorganization items		(8,882)		(13,976)
Foreign currency transaction gain (loss) and other		368		(23)
Total other income (expense)		(11,697)		(41,318)
Loss before income taxes		(29,899)		(122,192)
Income tax (provision) benefit		5,256		(67,813)
Net loss		$ (24,643)		$ (190,005)
Loss per share:
Basic (in dollars per share)		$ (0.94)		$ (7.39)
Diluted (in dollars per share)		$ (0.94)		$ (7.39)
Weighted average shares outstanding:
Basic (in shares)		26,254		25,716
Diluted (in shares)		26,254		25,716