SEACOR HOLDINGS INC /NEW/000085959812/312019Q3FALSE00008595982019-01-012019-09-30xbrli:shares00008595982019-10-25iso4217:USD00008595982019-09-3000008595982018-12-31iso4217:USDxbrli:shares00008595982019-07-012019-09-3000008595982018-07-012018-09-3000008595982018-01-012018-09-300000859598us-gaap:CommonStockMember2018-12-310000859598us-gaap:AdditionalPaidInCapitalMember2018-12-310000859598us-gaap:RetainedEarningsMember2018-12-310000859598us-gaap:TreasuryStockMember2018-12-310000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310000859598us-gaap:NoncontrollingInterestMember2018-12-310000859598us-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate201602Member2019-01-010000859598us-gaap:AccountingStandardsUpdate201602Memberus-gaap:NoncontrollingInterestMember2019-01-0100008595982019-01-010000859598us-gaap:CommonStockMember2019-01-010000859598us-gaap:AdditionalPaidInCapitalMember2019-01-010000859598us-gaap:RetainedEarningsMember2019-01-010000859598us-gaap:TreasuryStockMember2019-01-010000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-010000859598us-gaap:NoncontrollingInterestMember2019-01-010000859598us-gaap:TreasuryStockMember2019-01-012019-09-300000859598us-gaap:CommonStockMember2019-01-012019-09-300000859598us-gaap:AdditionalPaidInCapitalMember2019-01-012019-09-300000859598us-gaap:NoncontrollingInterestMember2019-01-012019-09-300000859598us-gaap:RetainedEarningsMember2019-01-012019-09-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-09-300000859598us-gaap:CommonStockMember2019-09-300000859598us-gaap:AdditionalPaidInCapitalMember2019-09-300000859598us-gaap:RetainedEarningsMember2019-09-300000859598us-gaap:TreasuryStockMember2019-09-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300000859598us-gaap:NoncontrollingInterestMember2019-09-300000859598us-gaap:CommonStockMember2019-06-300000859598us-gaap:AdditionalPaidInCapitalMember2019-06-300000859598us-gaap:RetainedEarningsMember2019-06-300000859598us-gaap:TreasuryStockMember2019-06-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300000859598us-gaap:NoncontrollingInterestMember2019-06-3000008595982019-06-300000859598us-gaap:TreasuryStockMember2019-07-012019-09-300000859598us-gaap:CommonStockMember2019-07-012019-09-300000859598us-gaap:AdditionalPaidInCapitalMember2019-07-012019-09-300000859598us-gaap:NoncontrollingInterestMember2019-07-012019-09-300000859598us-gaap:RetainedEarningsMember2019-07-012019-09-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-07-012019-09-300000859598us-gaap:CommonStockMember2017-12-310000859598us-gaap:AdditionalPaidInCapitalMember2017-12-310000859598us-gaap:RetainedEarningsMember2017-12-310000859598us-gaap:TreasuryStockMember2017-12-310000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2017-12-310000859598us-gaap:NoncontrollingInterestMember2017-12-3100008595982017-12-310000859598us-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate201616Member2018-01-0100008595982018-01-010000859598us-gaap:CommonStockMember2018-01-010000859598us-gaap:AdditionalPaidInCapitalMember2018-01-010000859598us-gaap:RetainedEarningsMember2018-01-010000859598us-gaap:TreasuryStockMember2018-01-010000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-010000859598us-gaap:NoncontrollingInterestMember2018-01-010000859598us-gaap:TreasuryStockMember2018-01-012018-09-300000859598us-gaap:CommonStockMember2018-01-012018-09-300000859598us-gaap:AdditionalPaidInCapitalMember2018-01-012018-09-300000859598us-gaap:NoncontrollingInterestMember2018-01-012018-09-300000859598us-gaap:RetainedEarningsMember2018-01-012018-09-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-01-012018-09-300000859598us-gaap:CommonStockMember2018-09-300000859598us-gaap:AdditionalPaidInCapitalMember2018-09-300000859598us-gaap:RetainedEarningsMember2018-09-300000859598us-gaap:TreasuryStockMember2018-09-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-09-300000859598us-gaap:NoncontrollingInterestMember2018-09-3000008595982018-09-300000859598us-gaap:CommonStockMember2018-06-300000859598us-gaap:AdditionalPaidInCapitalMember2018-06-300000859598us-gaap:RetainedEarningsMember2018-06-300000859598us-gaap:TreasuryStockMember2018-06-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-06-300000859598us-gaap:NoncontrollingInterestMember2018-06-3000008595982018-06-300000859598us-gaap:TreasuryStockMember2018-07-012018-09-300000859598us-gaap:AdditionalPaidInCapitalMember2018-07-012018-09-300000859598us-gaap:NoncontrollingInterestMember2018-07-012018-09-300000859598us-gaap:RetainedEarningsMember2018-07-012018-09-300000859598us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-07-012018-09-30xbrli:pure0000859598ckh:SEAVistaMember2019-08-020000859598ckh:SEAVistaMember2019-08-022019-08-020000859598us-gaap:AccountingStandardsUpdate201602Member2019-01-010000859598us-gaap:RetainedEarningsMemberckh:SaleLeasebackMemberus-gaap:AccountingStandardsUpdate201602Member2019-01-010000859598ckh:PetroleumandChemicalCarriersU.S.flagMember2019-01-012019-09-300000859598ckh:BulkCarriersU.S.flagMember2019-01-012019-09-300000859598ckh:HarborandOffshoreTugsMember2019-01-012019-09-300000859598ckh:OceanLiquidTankBargesU.S.flagMember2019-01-012019-09-300000859598ckh:ShortseaContainerROROVesselsForeignflagMember2019-01-012019-09-300000859598ckh:InlandRiverDryCargoAndSpecialtyBargesMember2019-01-012019-09-300000859598ckh:InlandRiverLiquidTankBargesMember2019-01-012019-09-300000859598ckh:InlandRiverTowboatsandHarborBoatsMember2019-01-012019-09-300000859598ckh:TerminalandFleetingFacilitiesMember2019-01-012019-09-300000859598ckh:OtherEquityMethodInvestmentsMember2018-01-012018-09-300000859598us-gaap:RetainedEarningsMemberckh:SaleLeasebackMemberus-gaap:AccountingStandardsUpdate201602Member2018-01-010000859598us-gaap:OperatingExpenseMember2019-01-012019-09-300000859598us-gaap:OperatingExpenseMember2018-01-012018-09-300000859598ckh:GainLossonDispositionofAssetsMember2019-01-012019-09-300000859598ckh:GainLossonDispositionofAssetsMember2018-01-012018-09-300000859598us-gaap:StockCompensationPlanMember2019-07-012019-09-300000859598us-gaap:StockCompensationPlanMember2019-01-012019-09-300000859598us-gaap:ConvertibleDebtSecuritiesMemberckh:ThreePointZeroPercentageConvertibleNotesMember2019-07-012019-09-300000859598us-gaap:ConvertibleDebtSecuritiesMemberckh:ThreePointZeroPercentageConvertibleNotesMember2019-01-012019-09-300000859598ckh:ThreePointZeroPercentageConvertibleNotesMember2019-09-300000859598us-gaap:ConvertibleDebtSecuritiesMemberckh:ThreePointTwoFivePercentageConvertibleNotesMember2019-07-012019-09-300000859598us-gaap:ConvertibleDebtSecuritiesMemberckh:ThreePointTwoFivePercentageConvertibleNotesMember2019-01-012019-09-300000859598ckh:ThreePointTwoFivePercentageConvertibleNotesMember2019-09-300000859598us-gaap:StockCompensationPlanMember2018-07-012018-09-300000859598us-gaap:StockCompensationPlanMember2018-01-012018-09-300000859598us-gaap:ConvertibleDebtSecuritiesMemberckh:ThreePointZeroPercentageConvertibleNotesMember2018-07-012018-09-30ckh:Vessel0000859598ckh:GainsOnAssetDispositionsNetMember2019-01-012019-09-300000859598ckh:TimeCharterMemberckh:TrailerBridgeIncMember2019-01-012019-09-300000859598ckh:TrailerBridgeIncMemberckh:OffshoreTugU.S.flagMember2019-09-300000859598ckh:ForeignflagRailFerriesMemberckh:RFVesselHoldingsMember2019-01-012019-09-300000859598ckh:RFVesselHoldingsMember2019-01-012019-09-300000859598ckh:KSMMemberckh:HarborTugsForeignflagMember2019-01-012019-09-300000859598ckh:KSMMemberckh:ForeignflagOceanLiquidTankBargeMember2019-01-012019-09-300000859598ckh:KSMMemberckh:SpecialtyVesselForeignflagMember2019-01-012019-09-300000859598ckh:KSMMemberckh:BareboatCharterMember2019-01-012019-09-300000859598ckh:KSMMemberckh:HarborTugsForeignflagMember2019-09-300000859598ckh:RentalIncomeMemberckh:BungeSCFGrainMember2019-01-012019-09-300000859598ckh:TimeCharterMemberckh:ScfBungeMarineMember2019-01-012019-09-300000859598ckh:InlandRiverTowboatsMemberckh:ScfBungeMarineMember2019-09-300000859598ckh:SpecialtyBargeMemberckh:OtherInlandServicesEquityMethodInvestmentsMember2019-01-012019-09-300000859598ckh:OtherInlandServicesEquityMethodInvestmentsMemberus-gaap:DividendPaidMember2019-01-012019-09-300000859598ckh:VAEMember2019-01-012019-09-300000859598ckh:VAEMember2019-09-300000859598us-gaap:SubordinatedDebtMemberckh:VAEMember2019-01-012019-09-300000859598ckh:ThreePointZeroPercentageConvertibleNotesMemberus-gaap:ConvertibleDebtMember2019-09-300000859598ckh:TwoPointFivePercentageConvertibleNotesMemberus-gaap:ConvertibleDebtMember2019-09-300000859598ckh:ThreePointTwoFivePercentageConvertibleNotesMemberus-gaap:ConvertibleDebtMember2019-09-3000008595982019-06-050000859598ckh:ThreePointZeroPercentageConvertibleNotesMemberus-gaap:ConvertibleDebtMember2019-01-012019-09-300000859598ckh:DebtInstrumentConversionOptionMemberckh:ThreePointZeroPercentageConvertibleNotesMember2019-01-012019-09-300000859598ckh:ThreePointZeroPercentageConvertibleNotesMemberus-gaap:ConvertibleDebtMemberus-gaap:SubsequentEventMember2019-10-280000859598ckh:ThreePointZeroPercentageConvertibleNotesMemberus-gaap:ConvertibleDebtMemberus-gaap:SubsequentEventMember2019-10-282019-10-280000859598ckh:SEACORRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-03-190000859598us-gaap:BaseRateMembersrt:MinimumMemberckh:SEACORRevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598srt:MaximumMemberus-gaap:BaseRateMemberckh:SEACORRevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598srt:MinimumMemberckh:SEACORRevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598srt:MaximumMemberckh:SEACORRevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598ckh:SEACORRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598ckh:SEACORRevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-03-192019-03-190000859598ckh:SEACORRevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-09-300000859598ckh:SEACORRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMemberus-gaap:SubsequentEventMember2019-10-282019-10-280000859598ckh:SEAVistaCreditFacilityMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598us-gaap:SecuredDebtMemberus-gaap:LineOfCreditMemberckh:SeaVistaCreditFacilityTermLoanA1Member2019-01-012019-09-300000859598ckh:SeaVistaCreditFacilityTermLoanA2Memberus-gaap:SecuredDebtMemberus-gaap:LineOfCreditMember2019-01-012019-09-300000859598ckh:SEAVistaCreditFacilityMemberus-gaap:LineOfCreditMember2019-09-300000859598us-gaap:NotesPayableOtherPayablesMember2019-01-012019-09-300000859598ckh:SEACORMarineHoldingsInc.Member2019-09-300000859598ckh:SEACORMarineHoldingsInc.Member2019-01-012019-09-300000859598ckh:PetroleumandChemicalCarriersU.S.flagMember2019-09-300000859598ckh:HarborTugsU.S.flagMember2019-09-300000859598ckh:PureCarTruckCarriersU.S.flagMember2019-09-300000859598ckh:InlandRiverDryCargoBargesMember2019-09-300000859598ckh:InlandRiverTowboatsMember2019-09-300000859598ckh:InlandRiverHarborBoatsMember2019-09-300000859598srt:MinimumMemberckh:PetroleumandChemicalCarriersU.S.flagMember2019-01-012019-09-300000859598srt:MaximumMemberckh:PetroleumandChemicalCarriersU.S.flagMember2019-01-012019-09-300000859598srt:MinimumMemberckh:OtherEquipmentMember2019-09-300000859598srt:MaximumMemberckh:OtherEquipmentMember2019-09-300000859598ckh:BareboatCharteredPetroleumandChemicalCarriersU.S.flagMember2019-09-300000859598ckh:BareboatCharteredOceanLiquidTankBargesUSFlagMember2019-09-300000859598ckh:BareboatCharteredHarborTugsForeignflagMember2019-09-300000859598ckh:TimeCharteredPetroleumandChemicalCarriersU.S.flagMember2019-09-300000859598ckh:TimeCharteredPCTCsU.S.flagMember2019-09-300000859598ckh:TimeCharteredInlandRiverTowboatsMember2019-09-300000859598ckh:TimeCharteredOffshoreTugU.S.flagMember2019-09-300000859598ckh:OceanServicesMemberus-gaap:PropertySubjectToOperatingLeaseMemberckh:PetroleumandChemicalCarriersU.S.flagMember2019-09-300000859598ckh:OceanServicesMemberckh:HarborandOffshoreTugsMemberus-gaap:PropertySubjectToOperatingLeaseMember2019-09-300000859598ckh:OceanServicesMemberckh:OceanLiquidTankBargesU.S.flagMemberus-gaap:PropertySubjectToOperatingLeaseMember2019-09-300000859598ckh:OceanServicesMemberus-gaap:PropertySubjectToOperatingLeaseMember2019-09-300000859598us-gaap:PropertySubjectToOperatingLeaseMemberckh:InlandServicesMemberckh:InlandRiverTowboatsMember2019-09-300000859598us-gaap:PropertySubjectToOperatingLeaseMember2019-09-300000859598us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000859598us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2019-09-300000859598us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300000859598us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-09-300000859598us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-09-300000859598us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueInputsLevel2Member2019-09-300000859598us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2019-09-300000859598ckh:ShareRepurchaseProgramMember2019-01-012019-09-300000859598ckh:ShareIncentivePlansMember2019-01-012019-09-300000859598srt:MinimumMember2019-08-020000859598ckh:OceanServicesMemberckh:SEAVistaMember2018-12-310000859598ckh:OceanServicesMemberckh:SEAVistaMember2019-09-300000859598ckh:OtherInlandRiverServicesNoncontrollingInterestsMembersrt:MinimumMemberckh:InlandServicesMember2019-09-300000859598ckh:OtherInlandRiverServicesNoncontrollingInterestsMembersrt:MaximumMemberckh:InlandServicesMember2019-09-300000859598ckh:OtherInlandRiverServicesNoncontrollingInterestsMemberckh:InlandServicesMember2019-09-300000859598ckh:OtherInlandRiverServicesNoncontrollingInterestsMemberckh:InlandServicesMember2018-12-310000859598ckh:OtherNoncontrollingInterestsMemberus-gaap:AllOtherSegmentsMember2019-09-300000859598ckh:OtherNoncontrollingInterestsMemberus-gaap:AllOtherSegmentsMember2018-12-310000859598ckh:OceanServicesMemberckh:SEAVistaMember2019-01-012019-07-310000859598ckh:OceanServicesMemberckh:SEAVistaMember2018-01-012018-09-300000859598ckh:AmericanMaritimeOfficersPensionPlanMemberus-gaap:WithdrawalFromMultiemployerDefinedBenefitPlanMember2018-09-300000859598ckh:OceanServicesMember2019-09-300000859598ckh:InlandServicesMember2019-09-300000859598us-gaap:AllOtherSegmentsMember2019-09-300000859598ckh:ForeignflagRailFerriesMember2019-09-300000859598ckh:InlandRiverTowboatMember2019-09-300000859598us-gaap:SubsequentEventMember2019-10-28ckh:claim0000859598ckh:DeepwaterHorizonOilSpillMultiDistrictLitigationMember2016-02-162016-02-160000859598ckh:DeepwaterHorizonOilSpillMultiDistrictLitigationMember2016-08-022016-08-020000859598ckh:BELOORMMemberus-gaap:SubsequentEventMember2019-10-282019-10-280000859598ckh:BELONRCMemberus-gaap:SubsequentEventMember2019-10-282019-10-280000859598ckh:OceanServicesMember2019-07-012019-09-300000859598ckh:InlandServicesMember2019-07-012019-09-300000859598ckh:WittObriensLlcMember2019-07-012019-09-300000859598us-gaap:AllOtherSegmentsMember2019-07-012019-09-300000859598ckh:OceanServicesMemberus-gaap:IntersegmentEliminationMember2019-07-012019-09-300000859598us-gaap:IntersegmentEliminationMemberckh:InlandServicesMember2019-07-012019-09-300000859598us-gaap:IntersegmentEliminationMemberckh:WittObriensLlcMember2019-07-012019-09-300000859598us-gaap:IntersegmentEliminationMemberus-gaap:AllOtherSegmentsMember2019-07-012019-09-300000859598us-gaap:IntersegmentEliminationMember2019-07-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2019-07-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMember2019-07-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2019-07-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2019-07-012019-09-300000859598ckh:CorporateAndEliminationsMember2019-07-012019-09-300000859598us-gaap:MaterialReconcilingItemsMember2019-07-012019-09-300000859598ckh:OceanServicesMember2019-01-012019-09-300000859598ckh:InlandServicesMember2019-01-012019-09-300000859598ckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:IntersegmentEliminationMember2019-01-012019-09-300000859598us-gaap:IntersegmentEliminationMemberckh:InlandServicesMember2019-01-012019-09-300000859598us-gaap:IntersegmentEliminationMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:IntersegmentEliminationMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598us-gaap:IntersegmentEliminationMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMember2019-01-012019-09-300000859598us-gaap:MaterialReconcilingItemsMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMember2019-09-300000859598us-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2019-09-300000859598ckh:CorporateAndEliminationsMember2019-09-300000859598us-gaap:MaterialReconcilingItemsMember2019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:VoyageChartersMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:VoyageChartersMemberckh:InlandServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:VoyageChartersMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:VoyageChartersMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:VoyageChartersMember2019-01-012019-09-300000859598ckh:VoyageChartersMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMemberckh:InlandServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:ContractsofAffreightmentMember2019-01-012019-09-300000859598ckh:ContractsofAffreightmentMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:TariffMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:TariffMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:TariffMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:TariffMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:TariffMember2019-01-012019-09-300000859598ckh:TariffMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:UnitFreightMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:UnitFreightMemberckh:InlandServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:UnitFreightMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:UnitFreightMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:UnitFreightMember2019-01-012019-09-300000859598ckh:UnitFreightMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:TerminalOperationsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:TerminalOperationsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:TerminalOperationsMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:TerminalOperationsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:TerminalOperationsMember2019-01-012019-09-300000859598ckh:TerminalOperationsMember2019-01-012019-09-300000859598ckh:FleetingOperationsMemberckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300000859598ckh:FleetingOperationsMemberus-gaap:OperatingSegmentsMemberckh:InlandServicesMember2019-01-012019-09-300000859598ckh:FleetingOperationsMemberus-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598ckh:FleetingOperationsMemberus-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:FleetingOperationsMemberckh:CorporateAndEliminationsMember2019-01-012019-09-300000859598ckh:FleetingOperationsMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:LogisticsServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:LogisticsServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:LogisticsServicesMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:LogisticsServicesMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:LogisticsServicesMember2019-01-012019-09-300000859598ckh:LogisticsServicesMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:TimeandMaterialRevenueContractsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:TimeandMaterialRevenueContractsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:TimeandMaterialRevenueContractsMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:TimeandMaterialRevenueContractsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:TimeandMaterialRevenueContractsMember2019-01-012019-09-300000859598ckh:TimeandMaterialRevenueContractsMember2019-01-012019-09-300000859598ckh:OceanServicesMemberckh:RetainerContractsMemberus-gaap:OperatingSegmentsMember2019-01-012019-09-300000859598ckh:RetainerContractsMemberus-gaap:OperatingSegmentsMemberckh:InlandServicesMember2019-01-012019-09-300000859598ckh:RetainerContractsMemberus-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598ckh:RetainerContractsMemberus-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:RetainerContractsMember2019-01-012019-09-300000859598ckh:RetainerContractsMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:ProductSalesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:ProductSalesMemberckh:InlandServicesMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:ProductSalesMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:ProductSalesMemberus-gaap:AllOtherSegmentsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:ProductSalesMember2019-01-012019-09-300000859598ckh:ProductSalesMember2019-01-012019-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:OtherRevenueContractsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:OtherRevenueContractsMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberckh:OtherRevenueContractsMemberckh:WittObriensLlcMember2019-01-012019-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:OtherRevenueContractsMember2019-01-012019-09-300000859598ckh:CorporateAndEliminationsMemberckh:OtherRevenueContractsMember2019-01-012019-09-300000859598ckh:OtherRevenueContractsMember2019-01-012019-09-300000859598ckh:OceanServicesMember2018-07-012018-09-300000859598ckh:InlandServicesMember2018-07-012018-09-300000859598ckh:WittObriensLlcMember2018-07-012018-09-300000859598us-gaap:AllOtherSegmentsMember2018-07-012018-09-300000859598ckh:OceanServicesMemberus-gaap:IntersegmentEliminationMember2018-07-012018-09-300000859598us-gaap:IntersegmentEliminationMemberckh:InlandServicesMember2018-07-012018-09-300000859598us-gaap:IntersegmentEliminationMemberckh:WittObriensLlcMember2018-07-012018-09-300000859598us-gaap:IntersegmentEliminationMemberus-gaap:AllOtherSegmentsMember2018-07-012018-09-300000859598us-gaap:IntersegmentEliminationMember2018-07-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2018-07-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMember2018-07-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2018-07-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2018-07-012018-09-300000859598ckh:CorporateAndEliminationsMember2018-07-012018-09-300000859598us-gaap:MaterialReconcilingItemsMember2018-07-012018-09-300000859598ckh:OceanServicesMember2018-01-012018-09-300000859598ckh:InlandServicesMember2018-01-012018-09-300000859598ckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:IntersegmentEliminationMember2018-01-012018-09-300000859598us-gaap:IntersegmentEliminationMemberckh:InlandServicesMember2018-01-012018-09-300000859598us-gaap:IntersegmentEliminationMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:IntersegmentEliminationMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598us-gaap:IntersegmentEliminationMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMember2018-01-012018-09-300000859598us-gaap:MaterialReconcilingItemsMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMember2018-09-300000859598us-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2018-09-300000859598ckh:CorporateAndEliminationsMember2018-09-300000859598us-gaap:MaterialReconcilingItemsMember2018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:VoyageChartersMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:VoyageChartersMemberckh:InlandServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:VoyageChartersMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:VoyageChartersMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:VoyageChartersMember2018-01-012018-09-300000859598ckh:VoyageChartersMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMemberckh:InlandServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:ContractsofAffreightmentMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:ContractsofAffreightmentMember2018-01-012018-09-300000859598ckh:ContractsofAffreightmentMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:TariffMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:TariffMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:TariffMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:TariffMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:TariffMember2018-01-012018-09-300000859598ckh:TariffMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:UnitFreightMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:UnitFreightMemberckh:InlandServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:UnitFreightMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:UnitFreightMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:UnitFreightMember2018-01-012018-09-300000859598ckh:UnitFreightMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:TerminalOperationsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:TerminalOperationsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:TerminalOperationsMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:TerminalOperationsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:TerminalOperationsMember2018-01-012018-09-300000859598ckh:TerminalOperationsMember2018-01-012018-09-300000859598ckh:FleetingOperationsMemberckh:OceanServicesMemberus-gaap:OperatingSegmentsMember2018-01-012018-09-300000859598ckh:FleetingOperationsMemberus-gaap:OperatingSegmentsMemberckh:InlandServicesMember2018-01-012018-09-300000859598ckh:FleetingOperationsMemberus-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598ckh:FleetingOperationsMemberus-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:FleetingOperationsMemberckh:CorporateAndEliminationsMember2018-01-012018-09-300000859598ckh:FleetingOperationsMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:LogisticsServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:LogisticsServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:LogisticsServicesMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:LogisticsServicesMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:LogisticsServicesMember2018-01-012018-09-300000859598ckh:LogisticsServicesMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:TimeandMaterialRevenueContractsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:TimeandMaterialRevenueContractsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:TimeandMaterialRevenueContractsMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:TimeandMaterialRevenueContractsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:TimeandMaterialRevenueContractsMember2018-01-012018-09-300000859598ckh:TimeandMaterialRevenueContractsMember2018-01-012018-09-300000859598ckh:OceanServicesMemberckh:RetainerContractsMemberus-gaap:OperatingSegmentsMember2018-01-012018-09-300000859598ckh:RetainerContractsMemberus-gaap:OperatingSegmentsMemberckh:InlandServicesMember2018-01-012018-09-300000859598ckh:RetainerContractsMemberus-gaap:OperatingSegmentsMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598ckh:RetainerContractsMemberus-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:RetainerContractsMember2018-01-012018-09-300000859598ckh:RetainerContractsMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:ProductSalesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:ProductSalesMemberckh:InlandServicesMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:ProductSalesMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:ProductSalesMemberus-gaap:AllOtherSegmentsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:ProductSalesMember2018-01-012018-09-300000859598ckh:ProductSalesMember2018-01-012018-09-300000859598ckh:OceanServicesMemberus-gaap:OperatingSegmentsMemberckh:OtherRevenueContractsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:InlandServicesMemberckh:OtherRevenueContractsMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberckh:OtherRevenueContractsMemberckh:WittObriensLlcMember2018-01-012018-09-300000859598us-gaap:OperatingSegmentsMemberus-gaap:AllOtherSegmentsMemberckh:OtherRevenueContractsMember2018-01-012018-09-300000859598ckh:CorporateAndEliminationsMemberckh:OtherRevenueContractsMember2018-01-012018-09-300000859598ckh:OtherRevenueContractsMember2018-01-012018-09-30
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
________________________________________
FORM 10-Q
__________________________________________________
(Mark One)
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019              or  
          TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 
For the transition period from              to             
Commission file number 1-12289
SEACOR Holdings Inc.
(Exact Name of Registrant as Specified in Its Charter)
__________________________________________________________________
Delaware       13-3542736
(State or Other Jurisdiction of        (IRS Employer
Incorporation or Organization)       Identification No.)
2200 Eller Drive, P.O. Box 13038,
Fort Lauderdale, Florida        33316
(Address of Principal Executive Offices)      (Zip Code)

954-523-2200
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)
__________________________________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each class       Trading Symbol    Name of each exchange on which registered
Common Stock, par value $0.01 per share     CKH   New York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes      No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes       No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer Accelerated filer Non-accelerated filer Smaller reporting Emerging growth
(Do not check if a smaller  company   company
reporting company)
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes     No  
The total number of shares of common stock, par value $.01 per share, outstanding as of October 25, 2019 was 20,179,218. The Registrant has no other class of common stock outstanding.


Table of Contents
SEACOR HOLDINGS INC.
Table of Contents

Part I.
Item 1.
Item 2.
Item 3.
Item 4.
Part II.
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.

i

Table of Contents
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
SEACOR HOLDINGS INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data, unaudited)
September 30,
2019
December 31,
2018
ASSETS
Current Assets:
Cash and cash equivalents$76,815  $144,221  
Restricted cash and restricted cash equivalents1,221  2,991  
Marketable securities6,038  30,316  
Receivables:
Trade, net of allowance for doubtful accounts of $2,961 and $3,481 in 2019 and 2018, respectively
199,013  171,828  
Other43,449  38,881  
Inventories5,224  4,530  
Prepaid expenses and other6,130  5,382  
Total current assets337,890  398,149  
Property and Equipment:
Historical cost1,424,907  1,407,329  
Accumulated depreciation(607,727) (560,819) 
Net property and equipment817,180  846,510  
Operating Lease Right-of-Use Assets153,464  —  
Investments, at Equity, and Advances to 50% or Less Owned Companies154,968  156,886  
Construction Reserve Funds3,908  3,908  
Goodwill32,668  32,708  
Intangible Assets, Net21,884  24,551  
Other Assets8,284  8,312  
$1,530,246  $1,471,024  
LIABILITIES AND EQUITY
Current Liabilities:
Current portion of long-term debt$76,426  $8,497  
Current portion of long-term operating lease liabilities36,422  —  
Accounts payable and accrued expenses54,921  59,607  
Other current liabilities67,603  55,659  
Total current liabilities235,372  123,763  
Long-Term Debt241,408  346,128  
Long-Term Operating Lease Liabilities116,866  —  
Deferred Income Taxes103,489  94,420  
Deferred Gains and Other Liabilities20,463  52,871  
Total liabilities717,598  617,182  
Equity:
SEACOR Holdings Inc. stockholders’ equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized; none issued nor outstanding
    
Common stock, $0.01 par value, 60,000,000 shares authorized; 40,818,495 and 39,001,924 shares issued in 2019 and 2018, respectively
408  390  
Additional paid-in capital1,659,428  1,596,642  
Retained earnings519,023  474,809  
Shares held in treasury of 20,639,277 and 20,671,627 in 2019 and 2018, respectively, at cost
(1,365,594) (1,366,773) 
Accumulated other comprehensive loss, net of tax(1,400) (914) 
811,865  704,154  
Noncontrolling interests in subsidiaries783  149,688  
Total equity812,648  853,842  
$1,530,246  $1,471,024  


The accompanying notes are an integral part of these condensed consolidated financial statements
and should be read in conjunction herewith.
1

Table of Contents
SEACOR HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands, except share data, unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2019201820192018
Operating Revenues$200,658  $220,257  $607,205  $621,912  
Costs and Expenses:
Operating147,386  147,529  437,368  441,474  
Administrative and general24,923  26,083  78,383  76,189  
Depreciation and amortization16,975  18,616  51,120  57,069  
189,284  192,228  566,871  574,732  
Gains on Asset Dispositions, Net1,145  6,018  2,259  13,569  
Operating Income12,519  34,047  42,593  60,749  
Other Income (Expense):
Interest income2,198  2,450  5,983  6,485  
Interest expense(4,816) (8,335) (14,832) (25,502) 
Debt extinguishment losses(777) (160) (2,073) (5,609) 
Marketable security gains (losses), net144  1,713  16,496  (1,303) 
Foreign currency gains (losses), net(1,877) (328) (1,663) 16  
Other, net505  357  (114) 54,951  
(4,623) (4,303) 3,797  29,038  
Income Before Income Tax Expense and Equity in Earnings (Losses) of 50% or Less Owned Companies7,896  29,744  46,390  89,787  
Income Tax Expense1,417  3,362  7,012  12,934  
Income Before Equity in Earnings (Losses) of 50% or Less Owned Companies6,479  26,382  39,378  76,853  
Equity in Earnings (Losses) of 50% or Less Owned Companies, Net of Tax(618) 821  (3,448) 1,915  
Net Income5,861  27,203  35,930  78,768  
Net Income (Loss) Attributable to Noncontrolling Interests in Subsidiaries(544) 10,136  7,239  15,934  
Net Income Attributable to SEACOR Holdings Inc.$6,405  $17,067  $28,691  $62,834  
Basic Earnings Per Common Share of SEACOR
Holdings Inc.
$0.33  $0.94  $1.54  $3.48  
Diluted Earnings Per Common Share of SEACOR Holdings Inc.$0.32  $0.88  $1.48  $3.21  
Weighted Average Common Shares Outstanding:
Basic19,322,423  18,108,388  18,618,613  18,052,274  
Diluted20,738,919  21,192,554  19,984,302  22,508,622  









The accompanying notes are an integral part of these condensed consolidated financial statements
and should be read in conjunction herewith.
2

Table of Contents
SEACOR HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands, unaudited)
Three Months Ended September 30,Nine Months Ended September 30,
2019201820192018
Net Income $5,861  $27,203  $35,930  $78,768  
Other Comprehensive Income (Loss):
Foreign currency translation gains (losses), net(405) (76) (418) 59  
Reclassification of foreign currency translation losses to foreign currency gains (losses), net  15    15  
(405) (61) (418) 74  
Income tax benefit (expense)  2  (68) 27  
(405) (59) (486) 101  
Comprehensive Income5,456  27,144  35,444  78,869  
Comprehensive Income (Loss) Attributable to Noncontrolling Interests in Subsidiaries(544) 10,136  7,239  15,934  
Comprehensive Income Attributable to SEACOR Holdings Inc.$6,000  $17,008  $28,205  $62,935  




































The accompanying notes are an integral part of these condensed consolidated financial statements
and should be read in conjunction herewith.
3

Table of Contents
SEACOR HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands, unaudited)
SEACOR Holdings Inc. Stockholders’ EquityNon-
Controlling
Interests In
Subsidiaries
Total
Equity
For the nine months ended September 30, 2019Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Treasury StockAccumulated
Other
Comprehensive
Loss
December 31, 2018$390  $1,596,642  $474,809  $(1,366,773) $(914) $149,688  $853,842  
Impact of adoption of accounting principle, net of tax—  —  15,523  —  —  9,836  25,359  
December 31, 2018, As Adjusted390  1,596,642  490,332  (1,366,773) (914) 159,524  879,201  
Issuance of common stock:
Employee Stock Purchase Plan—  —  —  1,695  —  —  1,695  
Exercise of stock options1  5,219  —  —  —  —  5,220  
Director stock awards—  76  —  —  —  —  76  
Restricted stock2  (2) —  —  —  —    
Purchase of conversion option in convertible debt, net of tax—  (115) —  —  —  —  (115) 
Purchase of treasury shares—  —  —  (516) —  —  (516) 
Amortization of share awards—  3,794  —  —  —  —  3,794  
Purchase of subsidiary shares from noncontrolling interests15  53,814  —  —  —  (160,818) (106,989) 
Distributions to noncontrolling interests—  —  —  —  —  (5,162) (5,162) 
Net income—  —  28,691  —  —  7,239  35,930  
Other comprehensive loss—  —  —  —  (486) —  (486) 
September 30, 2019$408  $1,659,428  $519,023  $(1,365,594) $(1,400) $783  $812,648  

SEACOR Holdings Inc. Stockholders’ EquityNon-
Controlling
Interests In
Subsidiaries
Total
Equity
For the three months ended September 30, 2019Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Treasury StockAccumulated
Other
Comprehensive
Loss
June 30, 2019$392  $1,600,838  $512,618  $(1,366,432) $(995) $162,236  $908,657  
Issuance of common stock:
Employee Stock Purchase Plan—  —  —  838  —  —  838  
Exercise of stock options1  3,485  —  —  —  —  3,486  
Director stock awards—  21  —  —  —  —  21  
Purchase of conversion option in convertible debt, net of tax—  (12) —  —  —  —  (12) 
Amortization of share awards—  1,282  —  —  —  —  1,282  
Purchase of subsidiary shares from noncontrolling interests15  53,814  —  —  —  (160,818) (106,989) 
Distributions to noncontrolling interests—  —  —  —  —  (91) (91) 
Net income (loss)—  —  6,405  —  —  (544) 5,861  
Other comprehensive loss—  —  —  —  (405) —  (405) 
September 30, 2019$408  $1,659,428  $519,023  $(1,365,594) $(1,400) $783  $812,648  









The accompanying notes are an integral part of these condensed consolidated financial statements
and should be read in conjunction herewith.
4

Table of Contents
SEACOR HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(in thousands, unaudited)
SEACOR Holdings Inc. Stockholders’ EquityNon-
Controlling
Interests In
Subsidiaries
Total
Equity
For the nine months ended September 30, 2018Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Treasury StockAccumulated
Other
Comprehensive
Income (Loss)
December 31, 2017$387  $1,573,013  $419,128  $(1,368,300) $(545) $129,678  $753,361  
Impact of adoption of accounting principle—  —  (2,467) —  —  —  (2,467) 
December 31, 2017, As Adjusted387  1,573,013  416,661  (1,368,300) (545) 129,678  750,894  
Issuance of common stock:
Employee Stock Purchase Plan—  —  —  1,527  —  —  1,527  
Exercise of stock options1  4,752  —  —  —  —  4,753  
Director stock awards—  106  —  —  —  —  106  
Restricted stock1  (1) —  —  —  —    
Net issuance of conversion option on exchange of convertible debt, net of tax—  12,735  —  —  —  —  12,735  
Purchase of conversion option in convertible debt, net of tax—  (5) —  —  —  —  (5) 
Amortization of share awards—  2,830  —  —  —  —  2,830  
Acquisition of a subsidiary with noncontrolling interests—  —  —  —  —  96  96  
Distributions to noncontrolling interests—  —  —  —  —  (5,111) (5,111) 
Net income—  —  62,834  —  —  15,934  78,768  
Other comprehensive income—  —  —  —  101  —  101  
September 30, 2018$389  $1,593,430  $479,495  $(1,366,773) $(444) $140,597  $846,694  

SEACOR Holdings Inc. Stockholders’ EquityNon-
Controlling
Interests In
Subsidiaries
Total
Equity
For the three months ended September 30, 2018Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Treasury StockAccumulated
Other
Comprehensive
Loss
June 30, 2018$389  $1,592,375  $462,428  $(1,367,433) $(385) $130,462  $817,836  
Issuance of common stock:
Employee Stock Purchase Plan—  —  —  660  —  —  660  
Exercise of stock options—  40  —  —  —  —  40  
Director stock awards—  33  —  —  —  —  33  
Amortization of share awards—  982  —  —  —  —  982  
Distributions to noncontrolling interests—  —